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Is Bitcoin the Next Big Thing?

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

  1. Skinner

    Skinner Well-Known Member

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    Now I'm on my PC, these are just the numbers, coinbase reports.

    Lite Coin went to £101.53

    BTC hit £6,714.80

    ETH hit £561.53.

    BCC hit £983.99, you can't buy this on Coinbase yet...

    Anyone manage to get Ripple at sub $1 ?
     
  2. Domain Forum

    Acorn Domains Elite Member

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    IWA Meetup
     
  3. dee

    dee Well-Known Member Acorn Supporter

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    A very small amount at just about $1 .Wish I could have got more. Etoro spreads are horrible....

    Read an interesting idea earlier.

    1/ November BTC futures announced. On launch major hedge funds start pumping in large amounts of cash which causes push of BTC to 19k (mostly)

    2/ At 15k odd said funds SHORT the first futures for a January hit. They dump all the BTC they bought at 19k making shed loads, knowing it will cause a panic sell. By the time its back down theyve unloaded everything.

    3/ In the sell off they also hit the their short futures contract making a killing and now have large funds to buy again at bottom (about now)

    Hearsay probably, but possible. It was also mentioned that there where massive long futures set for about a weeks time , so likely if true they'll pump it again.
     
  4. ian

    ian Well-Known Member

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    That's what threw me; I have to try and stay aligned with dollars for any of this to make sense!

    I'm a huge supporter of XLM, big time, think it has massive potential, the company are great (non-profit, unlike Nominet :D) and fund transfers happen in literally a couple of seconds for fractions of a cent.
     
  5. dee

    dee Well-Known Member Acorn Supporter

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  6. Edwin

    Edwin Well-Known Member

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    Or a swap for a different crypto currency by two big players? In other words, instead of trying to sell CoinX and buy CoinY, a deal was struck between two parties that wanted a bigger position in the respective currencies. CoinX owner got CoinY. CoinY owner got CoinX.

    Should be possible to sniff that out if the trade was for a single block of currency, since there would be a broadly corresponding (dollar value) block of other crypto also moving.
     
  7. Edwin

    Edwin Well-Known Member

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    Or an off the book offshore asset swap (crypto gets swapped for stock in an offshore entity that itself owns something: property, a superyacht, etc.)
     
  8. martin-s United Kingdom

    martin-s Well-Known Member

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  9. Admin

    Admin Administrator Staff Member

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  10. dee

    dee Well-Known Member Acorn Supporter

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    Good read. Not quite sure what the eventual point is, but all pretty accurate I would have thought. It's definately a bit bit wild west at the moment, but the volatility makes it interesting.

    I'm starting to notice his point about it being all fundamentals is slowly giving way to technical aspects. Support and resistance , fibonaccis etc are seem to be starting to take hold. With XRP anyway, which is the one im looking at most.
     
  11. CatchDrop

    CatchDrop Active Member

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    If anyone has registered/renewed domains at Uniregistry and received topcoin as rewards there is time limited opportunity to double them through January 16th-29th at sale.topcoin.network

    I was also given 100 free bonus coins in my old topcoin.com account which they've doubled to 200 ($20) worth in my topcoin.network account
     
  12. Murray

    Murray Well-Known Member

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    You guys give much weight to the thought Tether might crash crypto prices?
     
  13. DaveP United Kingdom

    DaveP Well-Known Member

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    I'd be very surprised if Iota and/or Tangle isn't the future. Read this https://ukcryptocurrency.com/iota/tangle-vs-blockchain/.

    Tangle is far more advanced than blockchain. Quantum resistant and no fees whatsoever the two primary selling points.
     
  14. ausername United Kingdom

    ausername Retired Member

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    Would be interested to know whether you are still "riding the storm" or needed to change your pants at any stage in the month since this post.... looks like people are struggling to withdraw cash from some exchanges today, that would be enough for me to release a pungent flurry of toxic brown sludge into my M&S boxer shorts.

    Sellers of physical gold reporting huge sales days as people switch to conventional assets.

    Interestingly my pension funds have all gone up about 3% in value over that same period, which is huge for a one month period, are people liquidating crypto and directing the cash to equities?
     
  15. ian

    ian Well-Known Member

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    I'd say not, money is likely staying within the exchanges, rather than being converted back to FIAT for acquiring conventional investments.

    The Korean markets have had a huge impact, as has America (being America) trying to get their piece of the pie, and the usual January downtrend.

    I know for me personally, I've invested money I DO NOT expect to get back out as FIAT, as I hope by then it will have significant value within mainstream crypto currencies.

    Appreciate it isn't comparable, and one option is safer than the other, but in the last 12 months my SIPP has made 5% based upon my index fund investments; my crypto has made 1200% over just 2 months!

    Still think it is important to have a significant percentage of your portfolio in conventional assets though.
     
  16. martin-s United Kingdom

    martin-s Well-Known Member

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    You need to work on your choice of SIPP investments Ian :)
     
  17. ausername United Kingdom

    ausername Retired Member

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    Pretty sure both of my stakeholder managed pensions have outperformed your SIPP then Ian, think I've seen close to 10% from one of them over the past 12 months!
     
  18. ian

    ian Well-Known Member

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    All about the level of risk for specific products within my portfolio. I have other index led investments making more, but my sipp is more conservative. Not one for managed funds, too bias driven.
     
  19. Edwin

    Edwin Well-Known Member

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    • Informative Informative x 2
  20. Murray

    Murray Well-Known Member

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    I actually just watched a video about this

     
    • Agree Agree x 1
  21. ian

    ian Well-Known Member

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    Doug is a decent example of a crypto youtuber; there are not many!