yeah sorry mate trying to be young lolBy ‘bags’ do you mean ‘grand’ as in the slang?
if not please explain
that’s like me Johnno. I think it all started on the dark web and now it’s become more mainstream it’s become more investable .... i think ?Being very dim when it comes to financial stuff, can someone please explain why the price of them has rocketed?
If it’s a case of supply and demand, why are they so in demand?
A lot on speculation and easier to buy now. The likes of Coinbase (where you buy cryptocurrency) has just floated on the US stock market.Being very dim when it comes to financial stuff, can someone please explain why the price of them has rocketed?
If it’s a case of supply and demand, why are they so in demand?
All I can see is that some people have made tons of money out of something that doesn’t even exist. And the people buying them are paying physical money so they can use Bitcoins as, err.., money.that’s like me Johnno. I think it all started on the dark web and now it’s become more mainstream it’s become more investable .... i think ?
hahaha yeah my lad is saying it’s long term but being a horse punter i wanted a quick return lolMy mate got me to put some cash in two weeks ago, I thought I’d have a go for £200, he put £400 in so we had a combined £600 in various things. He sent me a picture yesterday showing the balance is now £840 so that’s incredible to me. I was thinking if it got my cash to £300-£350 I’d probably want to cash out and I’d be really happy, my mate wants to stay in long term
apparently there are some crypto currencies worth a punt but agree for the big big profits the boat has sailedThey were 4500 USD back in March 20 when the Covid thing was kicking off and the stock market hit rock bottom.
If you’re thinking about them now, I’d suggest you’ve missed the boat
is it/was it a way for criminal gangs to launder money, i don’t know pal?All I can see is that some people have made tons of money out of something that doesn’t even exist. And the people buying them are paying physical money so they can use Bitcoins as, err.., money.
I could understand it if it’s being used as untraceable, criminal money, but beyond that it’s a mystery to me.
HankeyMy mate got me to put some cash in two weeks ago, I thought I’d have a go for £200, he put £400 in so we had a combined £600 in various things. He sent me a picture yesterday showing the balance is now £840 so that’s incredible to me. I was thinking if it got my cash to £300-£350 I’d probably want to cash out and I’d be really happy, my mate wants to stay in long term
I don't think it has sailed.apparently there are some crypto currencies worth a punt but agree for the big big profits the boat has sailed
i think there was a guy on the old site who used to sing the praises of investing but like you don’t understand it. i may throw a couple of hundred at my lad and let him see what he can do with it, more out of interest than hope tbfOne big problem with Bitcoin is that it’s not environmentally friendly - globally, people mining Bitcoin are using about the same power as the whole of Holland.
I also do not truly understand it and therefore will not invest in it.
Each to their own though
that’s what son is saying to be fair mate he like you things there is more to comeI don't think it has sailed.
I don’t get crypto currency must say but ripples gone from 15p to 1.70 in past 12 months....
My eldest has bought in to Etherium some time ago and is well in pocket.You don’t have to “get it” just buy some Bitcoin or Etherium which are the best known and leave it.
You don’t have to do anything, you can check it daily and every minute on the Luno app if you want
why Magic?Some absolutely clueless comments on here as usual.
Lost forever, I'm afraid.So I bought 10 quid worth the year they started and I remember the secure bitcoin folder on my then PC. Obvs I've lost that and shit happens but I wonder if my bitcoin can be mined even though they were in essence sat on a hard drive thats now been destroyed or of they are gone for good. I thought only the key chain stored on the hard drive and the actual bitcoin sits on a server in a datacentre somewhere on the cloud?
What is this mining and how does it use power ? And what are they actual mining for ?One big problem with Bitcoin is that it’s not environmentally friendly - globally, people mining Bitcoin are using about the same power as the whole of Holland.
I also do not truly understand it and therefore will not invest in it.
Each to their own though
that 10 quid of bitcoin bought in 2009 would be worth almost 6 million pounds todaySo I bought 10 quid worth the year they started and I remember the secure bitcoin folder on my then PC. Obvs I've lost that and shit happens but I wonder if my bitcoin can be mined even though they were in essence sat on a hard drive thats now been destroyed or of they are gone for good. I thought only the key chain stored on the hard drive and the actual bitcoin sits on a server in a datacentre somewhere on the cloud?
Wow!! I bet Rags loved reading that better get mining Ragsthat 10 quid of bitcoin bought in 2009 would be worth almost 6 million pounds today
Apparently it is quite possible that there is several hundred billion dollars worth of crypto currency that has been "lost", or has become unretrievable. The way it is managed through blockchain should mean it is retrievable, which kind of points to one of the big issues with the blockchain system, when it works it works but when anything goes remotely wrong everything is f**ked.Wow!! I bet Rags loved reading that better get mining Rags
Great chance to buy more!Ouch!!
Why do you think that?Currently $32k, it'll be over $200k by the end of the year.
The short story is that Bitcoin follows a 4-year cycle between each "halving" where the new Bitcoin issued is halved.Why do you think that?
And if it's too complicated, don't bother