Bitcoins and Other Crypto-currencies

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Snowcannon
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PostRe: Bitcoins and Other Crypto-currencies
by Snowcannon » Thu Jan 28, 2021 6:52 pm

Gamestop was forming into one giant bubble, the ‘sell-only’ restrictions are still BS though

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Minty14
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PostRe: Bitcoins and Other Crypto-currencies
by Minty14 » Thu Jan 28, 2021 7:41 pm

twitter.com/ArkhonDH/status/1354834763245359111



lmao

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Dual
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PostRe: Bitcoins and Other Crypto-currencies
by Dual » Thu Jan 28, 2021 8:17 pm

Igor wrote:If I had any spare cash I could afford to lose, I'd be buying BlackBerry right now. This 40% drop seems completely artificial and I expect it'll be back to at least $20 by market close. Company is in excellent shape and with the exception of Tesla, nearly every single car company working on autonomous vehicles has signalled that they'll be using BlackBerry's security software. Their software is already in 175million cars worldwide. They're no longer a phone company.

I'm in for about 1,300 shares and will hold to at least $100. Obviously, I could be completely wrong.

I'm also heavy into Ethereum (approx. £100k at this point). If this has shown us anything, it's that we absolutely need to remove control of financial markets away from a single centralised point of control. I believe Ethereum will be the platform for decentralised finance and my price target is at least $10k.

Full disclosure, I'm not an expert by any means, I work in corporate banking but my role has nothing to do with this sort of thing. Overall I'm up about £140k over the last 10 months, though most of that is unrealised.


You could cash out £100k? What did you start with?

This stuff fascinates me. I just haven't got the balls to put any money down.

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Tomous
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PostRe: Bitcoins and Other Crypto-currencies
by Tomous » Thu Jan 28, 2021 8:32 pm

Dual wrote:
Igor wrote:If I had any spare cash I could afford to lose, I'd be buying BlackBerry right now. This 40% drop seems completely artificial and I expect it'll be back to at least $20 by market close. Company is in excellent shape and with the exception of Tesla, nearly every single car company working on autonomous vehicles has signalled that they'll be using BlackBerry's security software. Their software is already in 175million cars worldwide. They're no longer a phone company.

I'm in for about 1,300 shares and will hold to at least $100. Obviously, I could be completely wrong.

I'm also heavy into Ethereum (approx. £100k at this point). If this has shown us anything, it's that we absolutely need to remove control of financial markets away from a single centralised point of control. I believe Ethereum will be the platform for decentralised finance and my price target is at least $10k.

Full disclosure, I'm not an expert by any means, I work in corporate banking but my role has nothing to do with this sort of thing. Overall I'm up about £140k over the last 10 months, though most of that is unrealised.


You could cash out £100k? What did you start with?

This stuff fascinates me. I just haven't got the balls to put any money down.



£150k

yeah, me too :(

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Grumpy David
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PostRe: Bitcoins and Other Crypto-currencies
by Grumpy David » Thu Jan 28, 2021 8:36 pm

140k capital gains made in 12 months. strawberry floating outstanding work Igor!

Drumstick wrote:What app do you use to buy/sell/trade/watch etc?


American users use Robinhood but I don't believe that's launched here and "market conditions" means its been indefinitely delayed:

https://www.theguardian.com/business/2020/jul/18/democratising-finance-for-all-an-investment-app-for-amateurs-and-a-student-traders-death

The UK alternative is probably Trading212. It allows commission free share purchases and also allows CFD investments which is how most of the spectacular percentage returns are achieved:

https://www.moneyadviceservice.org.uk/en/articles/spread-betting-and-contracts-for-difference

However "76% of users lose money using CFDs" so definitely not without risk!

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Ecno
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PostRe: Bitcoins and Other Crypto-currencies
by Ecno » Thu Jan 28, 2021 8:40 pm

Minty14 wrote:

twitter.com/ArkhonDH/status/1354834763245359111



lmao


Rumour is these are margin calls.

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Fuzzy Dunlop
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PostRe: Bitcoins and Other Crypto-currencies
by Fuzzy Dunlop » Thu Jan 28, 2021 9:49 pm

I'm fairly confident Igor will be retiring this year. 10k Eth this year is the minimum imo.

Though I'm new to all of this so could be completely wrong :)

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Jenuall
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PostRe: Bitcoins and Other Crypto-currencies
by Jenuall » Thu Jan 28, 2021 9:55 pm

Well I made £14 interest on one of my savings accounts last year so I think I'm pretty handy at this stuff as well if anyone has any questions? :lol:

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Grumpy David
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PostRe: Bitcoins and Other Crypto-currencies
by Grumpy David » Thu Jan 28, 2021 10:24 pm

twitter.com/GameSpot/status/1354892849800638465



:slol:

Fuzzy Dunlop wrote:I'm fairly confident Igor will be retiring this year. 10k Eth this year is the minimum imo.

Though I'm new to all of this so could be completely wrong :)


He's a Corporate Banker. He'll be blowing it all on Cocaine. :D

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LewisD
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PostRe: Bitcoins and Other Crypto-currencies
by LewisD » Fri Jan 29, 2021 6:47 am

Igor wrote:Overall I'm up about £140k over the last 10 months.


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Right that's it. I gotta get in on this.. :lol:

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Clarkman
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PostRe: Bitcoins and Other Crypto-currencies
by Clarkman » Mon Feb 08, 2021 1:27 pm

Big pump to a new all time high thanks to Elon. My portfolio has reached 5 figures for the first time. Feels like we could reach 50k USD this week.

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Knoyleo
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PostRe: Bitcoins and Other Crypto-currencies
by Knoyleo » Wed Feb 10, 2021 8:36 am

twitter.com/ruskin147/status/1359183875059179524


Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

pjbetman wrote:That's the stupidest thing ive ever read on here i think.
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PostRe: Bitcoins and Other Crypto-currencies
by pjbetman » Wed Feb 10, 2021 9:55 am

Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524


Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?


I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

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Jenuall
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PostRe: Bitcoins and Other Crypto-currencies
by Jenuall » Wed Feb 10, 2021 10:38 am

pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524


Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?


I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The global mining of bitcoin is a huge energy user, that much is fact.

It's also growing at a ridiculous rate (and will continue to as the inherent design is that the computational problem gets harder to solve over time and therefore consumes more energy). In mid-2019 that energy usage figure was less than half of what it is now.

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Knoyleo
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PostRe: Bitcoins and Other Crypto-currencies
by Knoyleo » Wed Feb 10, 2021 10:46 am

pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524


Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?


I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.

pjbetman wrote:That's the stupidest thing ive ever read on here i think.
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Jenuall
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PostRe: Bitcoins and Other Crypto-currencies
by Jenuall » Wed Feb 10, 2021 10:50 am

Knoyleo wrote:
pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524


Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?


I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.

Yep, most of the estimates (which come with well reasoned assumptions) I've seen show that Bitcoin uses more energy per transaction than all of the worlds banks do put together.

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Oblomov Boblomov
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PostRe: Bitcoins and Other Crypto-currencies
by Oblomov Boblomov » Wed Feb 10, 2021 9:03 pm

I just bought a small amount of Ethereum, despite not knowing what the strawberry float I'm doing.

Can't wait to be rich :datass:.

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pjbetman
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PostRe: Bitcoins and Other Crypto-currencies
by pjbetman » Thu Feb 11, 2021 12:11 am

Knoyleo wrote:
pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524


Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?


I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.


That's the stupidest thing ive ever read on here i think.

Bitcoin mining uses 1/100th the energy of mining gold. So, i'd like to see where gold sits on that list above. And dont say gold get used for industrial purposes....yes it does but it's a tiny fraction.

https://www.reddit.com/r/Bitcoin/commen ... rebuttals/

pjbetman
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PostRe: Bitcoins and Other Crypto-currencies
by pjbetman » Thu Feb 11, 2021 12:11 am

Jenuall wrote:
Knoyleo wrote:
pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524


Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?


I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.

Yep, most of the estimates (which come with well reasoned assumptions) I've seen show that Bitcoin uses more energy per transaction than all of the worlds banks do put together.


:slol:

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Grumpy David
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PostRe: Bitcoins and Other Crypto-currencies
by Grumpy David » Thu Feb 11, 2021 12:53 am

Gold is considered Fiat? News to me.

https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html

Digiconomist estimates that the energy footprint of one bitcoin transaction is equivalent to 453,000 payments on the Visa network.


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