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Is Bitcoin the Next Big Thing?

Discussion in 'Business Discussions' started by accelerator, Jun 2, 2015.

  1. Admin

    Admin Administrator Staff Member

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    Like with most things it depends on what your planning to do. Invest and forget long term... someone like xapo. Trading, an exchange. Dip your toe in with a small sum and want the easiest way, coinbase app on your phone.
     
  2. Domain Forum

    Acorn Domains Elite Member

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    IWA Meetup
     
  3. martin-s United Kingdom

    martin-s Well-Known Member

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    Offline wallets are best presumably? (No intention of getting involved with Bitcoin btw!)
     
  4. Admin

    Admin Administrator Staff Member

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    Well...they are potentially more secure (depending on your caretaking and discipline) but 'best' is normally determined by more than one criteria. Xapo vault is offline and in secured bunkers with armed guards over different continents and requiring matched codes to release.
     
  5. martin-s United Kingdom

    martin-s Well-Known Member

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  6. Admin

    Admin Administrator Staff Member

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    No, xapo.com
     
  7. dee

    dee Well-Known Member Acorn Supporter

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    @Admin do you trade at all ? If so wheres good ? And do you think Ethereum/Litecoin will head same way ?
     
  8. Admin

    Admin Administrator Staff Member

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    Not really, I'm holding. I occassionally get out when it looks peaky and buy back after a small correction. I hold Ethereum and Litecoin as well (and dash). They already have headed the same way! I bought ethereum at 6-8 dollars each. Better returns than bitcoin. I'm interested in factom. I think a lot of the alt coins will vanish to nothing though.
     
  9. dee

    dee Well-Known Member Acorn Supporter

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    @Admin. Cheers. I looked at xapo but it doesnt seem to deal in Eth / Litecoin.
     
  10. Admin

    Admin Administrator Staff Member

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    No they don't ...only bitcoin. Have a look at exodus, desktop client, it has shapeshift built in so you can switch between assets
     
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  11. dee

    dee Well-Known Member Acorn Supporter

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    Okay. Im in on some Ripple( xrp) . @Admin you got any ? Chinese banned bitcoin the moment i bought of course, but whatevs. Im looking a year down the line
     
  12. Admin

    Admin Administrator Staff Member

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    I don't hold Ripple no. China didn't ban bitcoin, they banned ICOs.
     
  13. dee

    dee Well-Known Member Acorn Supporter

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    Sorry..... should have been more specific. That is what i meant.
     
  14. Pepto United Kingdom

    Pepto Active Member

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  15. websaway United Kingdom

    websaway Well-Known Member

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    The one essential ingredient necessary for a successful Ponzi scheme is that nobody believes it's a Ponzi scheme. Make hay.
     
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  16. dee

    dee Well-Known Member Acorn Supporter

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    bitcoin taking a tanking at the mo. Between China issues and JP morgan its heading down rapidly
     
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  17. Pepto United Kingdom

    Pepto Active Member

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    from the day i posted about it dropping it took another hit late last night.

    I checked an old wallet which had pennies in Bitcoin and is now worth over £15 :D . The inflation is crazy
     
  18. dee

    dee Well-Known Member Acorn Supporter

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    Its been due a correction for a while now. Glad i stayed out of bitcoin for time being
     
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  19. Admin

    Admin Administrator Staff Member

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    I'm a long term holder but anyone looking to get in on a dip, $3850 looks good IMO. I am not qualified to give advice!
     
  20. dee

    dee Well-Known Member Acorn Supporter

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    I think it could down even futher if this is a proper correction coming out of these news/comments. Could retrace down to 2600 ish, which is only major support really i think
     
    Last edited: Sep 13, 2017
  21. lazarus

    lazarus Super Moderator Staff Member

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    Yes the JP Morgan statement came out before the latest DIP, Any well versed crypto tech investor would not consider JP Morgan's advice to be credible.
    The Dip was down to Charlie Lee's comments regarding Chinese exchanges.

    We saw a Dip when China banned ICO's but this quickly faded away and personally I am glad this mad ICO craze has had a bit of bad press.
    We are seeing recovery from this morning already and we will see a full recovery in a few days - week once clarity is restored from FUD.

    I can't see BTC going below $3500 again and when a little dip happens like this, just consider it a sale day :)

    But going off topic. LISK, Ethereum and Stratis are great investments at the moment also.
     
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    Last edited: Sep 13, 2017