Bitcoin transactions

[BobG]

If something looks too good to be true - it usually is.

Anyone want to buy some tulips?

If it's a black one Wilts... Pay rather a lot for a bunch of those!

BobG

[Glyn_Wigley]

I'll get the Dulux out..!

[mugnapper]

After the FTX chaos, is crypto down and out after a torrid 2022? https://www.bbc.co.uk/news/technology-63990215

Is this the beginning of the end or time to invest?

[Glyn_Wigley]

By 'invest' don't you mean 'gamble'?

[mugnapper]

My biggest gamble this year has been a couple of quid on the Mighty Red and White Hooped Kings of Soccer to win the League at 18/1. (But that £2 was a free bet from Betfair, so not much risk on my part).

[nightporter]

At the time of this thread Bitcoin was  $18,000, it's now $118,000. 

[Usher wide.]

At the time of this thread Bitcoin was  $18,000, it's now $118,000.

In June 2022 you could buy a gold sovereign coin for £360. They’re now £608.

More importantly they’re a tangible asset.

[nightporter]

£248 profit v's £87,000

[BillyStubbsTears]

Congratulations to anyone who has made money from Bitcoin.

I stand by what I've said all along about Bitcoin. Its value is built on literally nothing other than the belief that other people believe it has a value. That has resulted in a succession of speculative bubbles and crashes in the price. Sooner or later something will happen that results in everyone losing faith in it at the same time. Then its price will be the same as its value. Zero.

It's the ultimate zero sum game. Anyone selling at the top will make a huge amount. The danger comes when you hold on too long, the final crash comes and you end up with a hard drive full of bitcoins worth 1% of what you paid for them.

[GazLaz]

Congratulations to anyone who has made money from Bitcoin.

I stand by what I've said all along about Bitcoin. Its value is built on literally nothing other than the belief that other people believe it has a value. That has resulted in a succession of speculative bubbles and crashes in the price. Sooner or later something will happen that results in everyone losing faith in it at the same time. Then its price will be the same as its value. Zero.

It's the ultimate zero sum game. Anyone selling at the top will make a huge amount. The danger comes when you hold on too long, the final crash comes and you end up with a hard drive full of bitcoins worth 1% of what you paid for them.

I did ok out of bitcoin but still stand by the fact that one day it will be worth pretty much zero.

[drfchound]

Congratulations to anyone who has made money from Bitcoin.

I stand by what I've said all along about Bitcoin. Its value is built on literally nothing other than the belief that other people believe it has a value. That has resulted in a succession of speculative bubbles and crashes in the price. Sooner or later something will happen that results in everyone losing faith in it at the same time. Then its price will be the same as its value. Zero.

It's the ultimate zero sum game. Anyone selling at the top will make a huge amount. The danger comes when you hold on too long, the final crash comes and you end up with a hard drive full of bitcoins worth 1% of what you paid for them.

I did ok out of bitcoin but still stand by the fact that one day it will be worth pretty much zero.

Agreed, I too had a dabble and made a few quid, was quite nervous about it all though until I cashed out.

[RobTheRover]

Over the past few years I've lobbed my spare holiday change into bitcoin on Revolut. Probably put about £30 in via various currencies. Today I'm holding £100.99 in Bitcoin!

This time next year, Rodney.........