20i Domains

Who's Holding BTC?

Discussion in 'The Bar' started by Hay, Aug 18, 2020.

  1. JMI

    JMI Active Member Acorn Supporter

    Joined:
    Oct 2015
    Posts:
    508
    Likes Received:
    85
    I bought some bitcoin last week, but I still think it's a giant ponzi bubble, it has no use, its not a store of value and is basically paper fiat on steroids - fools Gold of the highest order, and some poor bastard will be left holding the bag when it crashes.
     
    • Agree Agree x 1
    • Funny Funny x 1
  2. Domain Forum

    Acorn Domains Elite Member

    Joined:
    1999
    Messages:
    Many
    Likes Received:
    Lots
    articles.co.uk
     
  3. JMI

    JMI Active Member Acorn Supporter

    Joined:
    Oct 2015
    Posts:
    508
    Likes Received:
    85
    I can accept that possibly if I owned a whole bitcoin no one could "steel" from my "crypto-wallet" it in the future, but if I have "nothing" what difference does it make if it gets stolen or not... because bitcoin only has value based on the fact someone else believes they are going to get rich by buying it, there is essentially nothing there. Just because something goes up (and obviously can come crashing down) it does not mean it is a store of value unlike precious metals. That said, I might buy some more bitcoin this week purely to hoard as a longer term play, I'm not adverse to jumping on the bandwagon :)
     
  4. lazarus

    lazarus Well-Known Member Exclusive Member

    Joined:
    Feb 2013
    Posts:
    1,345
    Likes Received:
    333
    Never a bad time to buy BTC if you wait long enough :)
     
  5. Adam H

    Adam H Well-Known Member Exclusive Member

    Joined:
    May 2014
    Posts:
    1,703
    Likes Received:
    254
    Pretty pleased with a few grand increase on my portfolio and ive only been in it for a few weeks. I am holding and not trading at the moment though so its pure long term investment.
     
    • Like Like x 1
  6. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,078
    Likes Received:
    419
    I've started selling BTC at 51.4k. In retrospect, it will be too soon. :)
     
    • Like Like x 1
  7. Adam H

    Adam H Well-Known Member Exclusive Member

    Joined:
    May 2014
    Posts:
    1,703
    Likes Received:
    254
    Selling the physical holding or trading ( shorting ) ?

    54k will be a big rejection or resistance, as it will be the 1 trillion dollar marketcap.

    Shorting would be crazy so im assuming your selling the holding.
     
    • Agree Agree x 1
  8. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,078
    Likes Received:
    419
    Selling coins i bought in 2015. I don't short or margin trade.
     
    • Like Like x 2
  9. Adam H

    Adam H Well-Known Member Exclusive Member

    Joined:
    May 2014
    Posts:
    1,703
    Likes Received:
    254
    Time for retirment then :D
     
    • Agree Agree x 1
  10. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,078
    Likes Received:
    419
    Absolutely.
     
  11. Adam H

    Adam H Well-Known Member Exclusive Member

    Joined:
    May 2014
    Posts:
    1,703
    Likes Received:
    254
    Pleased for you bud. I think we'll see BTC double before the end of the year with all the instituions taking up, but we'll see it dump big before that happens as there will be manipluation to get the big boys in at lower prices I reckon. ( although many of them will have been aquiring for a while just not announcing )

    I'm putting a decent portfolio together for DOT, ADA and ETH, but still larger holding of BTC. Hoping ADA and DOT will do what i think they will over the next 5 years.

    Wish id got into this earlier, buying BTC and it not even getting close to 1 BTC is demoralising :D but still profiable.
     
    • Friendly Friendly x 1
  12. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,078
    Likes Received:
    419
    I think you are right, it will be a hell of a year for BTC and there will also be a drop. I'm not selling out completely, I'll keep some and go in and out with them.
     
    • Like Like x 1
  13. Ben Thomas

    Ben Thomas Well-Known Member

    Joined:
    Mar 2018
    Posts:
    1,793
    Likes Received:
    231
    What did you buy in at Steve? Did you get many? I am late to the game and it feels shameful.
     
  14. Admin

    Admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    11,078
    Likes Received:
    419
    £200 something ($300 something) per btc
     
    • Like Like x 1
  15. Ben Thomas

    Ben Thomas Well-Known Member

    Joined:
    Mar 2018
    Posts:
    1,793
    Likes Received:
    231
    Some profit that :eek:
     
    • Like Like x 1
  16. Pedigree United Kingdom

    Pedigree Active Member Acorn Supporter

    Joined:
    Jul 2019
    Posts:
    663
    Likes Received:
    69
    Can I have my Acorn Supporter fee back please ;)
     
    • Funny Funny x 2
    • Winner Winner x 1
  17. stitchbob

    stitchbob Active Member

    Joined:
    Feb 2019
    Posts:
    339
    Likes Received:
    49
    I think transaction fees currently make BTC non-viable as an actual currency, but it still has value as an investment. I'm not holding a lot, but I'm currently buying £50-100/month as a disposable income/see what happens play.

    Basically each month I increase my holding to the next £100 level - so if I start March at £300 and my holding are worth £340 by the beginning of April, I buy another £60 to take it to £400. Doing it that way helps me keep an eye on growth, because I can see the amount I need to invest grow or shrink according to the coin growth. That means I can do some basic level of growth tracking through my normal accounting processes.
     
  18. jhm

    jhm Member Exclusive Member

    Joined:
    Mar 2021
    Posts:
    28
    Likes Received:
    6
    Bitcoin and Ethereum. Since you posted about this the price is obviously different. Long is better than short, "hodling" is better than trading
     
    • Friendly Friendly x 1