Bitcoins in 2014?

accelerator · Oct 31, 2014

I think the main challenge for Bitcoin is going to be whether it can compete with strong commercial mobile payments services such as Apple Pay, where they've made a very easy to use payment solution.

Rgds

Murray · Nov 13, 2014

Finally broke over $400 again

Retired_Member38 · Nov 13, 2014

It was over $450 earlier. Huge fluctuations today, even moreso than normal :lol:

Mgx · Nov 14, 2014

Monkey said:
It was over $450 earlier. Huge fluctuations today, even moreso than normal :lol:

Pro investor lol, bitcoins, org.uk predictions and co.uk valuations / investments have all been epic fails for you, please keep preaching to forum like a mr know it all, it's amusing.

Retired_Member38 · Nov 14, 2014

Mgx said:
Pro investor lol, bitcoins, org.uk predictions and co.uk valuations / investments have all been epic fails for you, please keep preaching to forum like a mr know it all, it's amusing.

You're making yourself look stupid here

Retired_Member38 · Nov 18, 2014

I decided to have a go at trading Bitcoin to see how it went... i'm up 1.8 coins in a couple of days:

martin-s · Nov 18, 2014

Be honest with yourself Monday, it's basically just gambling isn't it?

Might as well stick £500 on a first goalscorer

Retired_Member38 · Nov 18, 2014

Sure, its effectively gambling as its near impossible to say which way its going to go.

bonusmedia · Nov 18, 2014

I can recommend a good casino if you like...

accelerator · Nov 18, 2014

Monkey said:
Sure, its effectively gambling as its near impossible to say which way its going to go.

Are you using a trading methodology?

Rgds

Retired_Member38 · Nov 18, 2014

accelerator said:
Are you using a trading methodology?

Rgds

Yeah, what I'm doing does appear to be working but its time intensive. I don't think i'm going to bother continuing with it... when you look at the time involved and the capital risk if I get it wrong, its not exactly looking like a brilliant use of time

accelerator · Nov 18, 2014

Monkey said:
Yeah, what I'm doing does appear to be working but its time intensive. I don't think i'm going to bother continuing with it... when you look at the time involved and the capital risk if I get it wrong, its not exactly looking like a brilliant use of time

For something like Forex, you could learn technical analysis and possibly do OK from it. The other day I found this free video series (don't know how good it would be though):

http://www.investoo.com/advanced-technical-analysis/

However, with a nascent market like Bitcoin, it's questionable whether traditional technical analysis could be employed, and it's rather difficult to get information about the demand side of things. As I have said before, I think a big issue with Bitcoin could be intervention by governments and possibly punitive regulation. Long term I am hopeful but not necessarily optimistic about bitcoin's future. Short term it seems highly difficult to predict anything.

Rgds

mart1n19 · Nov 18, 2014

Personally I wouldn't go near bitcoin at the prices, but I quite like Ripple ( XRP )

Impressed at its rise so far, & you can get them very cheap.

websaway · Nov 18, 2014

martin-s said:
Be honest with yourself Monday, it's basically just gambling isn't it?

Might as well stick £500 on a first goalscorer

The diffence to gambling on games of chance is that until it actually goes tits up your horse is still running.
I would not buy bitcoin but it's not comparable to gambling on chance, which is even more foolish than bitcoin.

martin-s · Nov 18, 2014

websaway said:
gambling on chance, which is even more foolish than bitcoin.

Depends if you look on sports betting at it just as fun or to make a game more exciting, rather than trying to convince yourself that bitcoin trading is an investment of some sort!

Mgx · Nov 19, 2014

Monkey said:
Yeah, what I'm doing does appear to be working but its time intensive. I don't think i'm going to bother continuing with it... when you look at the time involved and the capital risk if I get it wrong, its not exactly looking like a brilliant use of time

Good summary of being a domainer in 2014.

Pred · Nov 19, 2014

I'm happy to accept bitcoin for any domains I'm selling

AssetDomains · Dec 12, 2014

Another massive company now accepting them

http://www.bbc.co.uk/news/technology-30377654

accelerator · Dec 12, 2014

Yes, I saw this on Twitter earlier, and it's another little step forward in the adoption of Bitcoin.

I really hope Bitcoin is going to make it, and I think every business that adopts it is a little step forward towards its success.

I think the technical experts are going to benefit from Bitcoin in being able to make very low cost fund transfers. The rest of the population will need to use a commercial service that makes it all easy for them, and will be charged accordingly. I am aware of Circle.com but I'm not quite sure what its business model is, however, it aims to make things simple.

Rgds

Murray · Jan 3, 2015

DLOE said:
Price dropped below $300, currently at $287.5

Checked Reddit but I am unable to find any news which could have caused this drop (earlier Today it was at around $320)

Maybe there was a bit of a sell off over the festive period with people needing the cash

Just a guess