Is Bitcoin the Next Big Thing?

[ian]

@Murray See how much it would cost for you to send that BTC to another address, because you might find at the moment it costs more than what you have. If it is reasonable, drop me a message.

 

[Murray]

@Murray See how much it would cost for you to send that BTC to another address, because you might find at the moment it costs more than what you have. If it is reasonable, drop me a message.

I don't even know how to check that?

It's in an old multibit wallet, there's no option for transfers

How can Bitcoin ever be used as a currency if I can't do anything with £60

 

[ian]

@Murray If it is a 'cold storage' wallet, and you have access to both the public and private key, then you could use blockchain.info to add the BTC address and transfer from there, but I'd wait, as fees for transfers (due to high level of unconfirmed BTC transactions) are currently very high, in excess of $50...a big reason why I feel BTC is fundamentally floored.

Not sure anyone would be looking to buy such a small amount at the moment, as it would cost nearly as much to move the money.

 

[Murray]

but I'd wait, as fees for transfers (due to high level of unconfirmed BTC transactions) are currently very high, in excess of $50...a big reason why I feel BTC is fundamentally floored.

I see, thanks, Is the price directly related to the Bitcoin price or no?

 

[ian]

I see, thanks, Is the price directly related to the Bitcoin price or no?

Not at the moment, just what it takes to incentive miners to confirm transfers etc. Bitcoin has lost its appeal with current backlog and high charges.

 

[CatchDrop]

I'm no expert but could you convert it to something else to avoid the fee? Like on Changelly

You must have the equivalent amount of Bitcoin Cash too?

I'd buy them from you

 

[aZooZa]

Just for the sake of nostalgia:

https://www.acorndomains.co.uk/threads/bitcoins-in-2014.121894/

@Murray I just found 0.011597 BTC in a wallet I'd forgotten about in 2014. I suggest people check their email accounts for hints of wallets they also might have forgotten about around this time.

 

[Murray]

Just for the sake of nostalgia:

https://www.acorndomains.co.uk/threads/bitcoins-in-2014.121894/

@Murray I just found 0.011597 BTC in a wallet I'd forgotten about in 2014. I suggest people check their email accounts for hints of wallets they also might have forgotten about around this time.

I haven't read through but I think that's the thread that convinced me to get a couple Bitcoin

Was mostly down to "Monkey"'s enthusiasm who was buying them in large batches

 

[Skinner]

I still wonder what the Monkey man is up to, as much of an ass as he often was, he was at least informative, happy to give his input and knowledge and provided many compelling arguments.

I wonder if he held is coins, @Admin should reach out and try to resurrect mini-kong

 

[Coolbreeze]

The Cautious "bystanders" always wish they had after the Fact, Risk Takers Win big, Bitcoin\Risky investments is for the guys who wear the big pants were the big boys play, never attach yourself emotionally to an investment, entrepreneurial philosophy. For those who are skeptical keep watching and let those with teeth in the game ride the storm. Nothing is a sure thing all successful men take huge risks the cautions keep dreaming nothing is a sure thing in life but death. Invest now no brainer or watch history pass you by if you are only interested in the next bowl of soup then this is no playground for you. My opinion only.

 

[websaway]

Risk comes from not knowing what you're doing.

Warren Buffet.

 

[Murray]

The Cautious "bystanders" always wish they had after the Fact, Risk Takers Win big, Bitcoin\Risky investments is for the guys who wear the big pants were the big boys play, never attach yourself emotionally to an investment, entrepreneurial philosophy. For those who are skeptical keep watching and let those with teeth in the game ride the storm. Nothing is a sure thing all successful men take huge risks the cautions keep dreaming nothing is a sure thing in life but death. Invest now no brainer or watch history pass you by if you are only interested in the next bowl of soup then this is no playground for you. My opinion only.

Depends how much you have to invest

£10,000 might be a weeks disposable income for one person and the life savings of another; totally different levels of risk

If you don't have a lot of money, you should only invest in backing yourself, not speculative stuff out of your control.

 

[Sound]

Risk comes from not knowing what you're doing.

Warren Buffet.

I don't think people who invested in Bitcoin at $200 and watched it rise to $20,000 need any help or risk advice do you?

 

[Murray]

I don't think people who invested in Bitcoin at $200 and watched it rise to $20,000 need any help or risk advice do you?

I don't know if gambled is more fitting than invested

 

[Sound]

I don't know if gambled is more fitting than invested

Buying a house is a gamble buying shares is a gamble...

 

[Sound]

What makes me laugh is people who don't own and never will own Bitcoins telling people what to do with their Bitcoins that have gone up from $200 to $20,000

The same people are the ones who don't like change and think Brexit was the end of the world and that no one can make money from domains if the brought them after 1979...

 

[RobM]

Oh can you still buy bitcoins for $200? Obviously then anyone entering the market today is taking no risk. Well done for missing the point completely.

 

[Sound]

Oh can you still buy bitcoins for $200? Obviously then anyone entering the market today is taking no risk. Well done for missing the point completely.

read the start of this thread

 

[RobM]

We are now on page 32 and talking about people entering the market at current values. Try to keep up.

 

[websaway]

A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.
Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart