Bitcoin reaches $10,000 valuation for first time

[arista]

[The value of the cryptocurrency
is continuing to rise despite fears
that an economic bubble is fuelling investment.]

https://e3.365dm.com/17/10/1096x616/skynews-bitcoin-pounds-sterling_4143396.jpg?bypass-service-worker&20171031155410
A single Bitcoin has hit $10,000 (£7,495)
for the first time despite fears of a bubble.

https://e3.365dm.com/17/11/750x563/skynews-bitcoin-world-coin_4167896.jpg?bypass-service-worker&20171127134905

https://news.sky.com/story/bitcoin-reaches-10000-valuation-for-first-time-11146508

[DemolitionRed]

Bitcoin is the way to go, though I always say, never buy more than you can afford to lose.

[Crimson Dynamo]

lol

load of bollocks

[Shaun]

God I wish I was aware of this ten years ago. Then again I'd have sold whatever I bought long ago, too.

[Toy Soldier]

Should have got into it 8 years ago when my wife's friend was telling us to; I suspect that now is the time to sell up and make a fortune before the whole thing comes crashing down.

[Livia]

I heard on the radio yesterday - and I'm not clear how this all works - but a man had $600,000 worth of bitcoin on his hard drive, lost the hard drive, couldn't find it and consequently lost his money. And now it would have been worth $100,000,000.

He was "unavailable for comment".

[Toy Soldier]

I heard on the radio yesterday - and I'm not clear how this all works - but a man had $600,000 worth of bitcoin on his hard drive, lost the hard drive, couldn't find it and consequently lost his money. And now it would have been worth $100,000,000.

He was "unavailable for comment".

Last seen heading towards the local landfill in a JCB digger.

(It's a cryptocurrency, people "mine" it themselves using high powered computers and store the data string which means the currency is stored as data... most of it is stored in secure, backed up online storage these days but it used to be more common for people to store it themselves on their own drives and if the drive then gets lost, damaged or corrupted then the bitcoin is "gone", just like if it was a wad of cash in a fire)


I've heard quite a few stories of people who just "dabbled" when it first became a thing and mined maybe 2 or 3 bitcoin (it gets progressively more complex over time - so it was easy to mine in the early days but now takes a LOT of tech / time / power) which were at the time hardly worth anything so they just got forgotten about, binned with old computers, wiped from the drive in an upgrade, etc. and now people are like " **** those would be worth twenty grand!!".

Also happier stories where people had totally forgotten they had a few of them from years ago then found their old computer in a cupboard and cashed in :joker:. I do think now really is the time for anyone in that situation to exchange them for cold hard dollaz though.

[Toy Soldier]

Jesus Christ it's gone up by 2000 dollars in less than a week :think:. It's due a massive price crash tbh.

And if it does crash I'd say it's worth a punt as soon as the value starts to stabilize.

[Livia]

Last seen heading towards the local landfill in a JCB digger.

(It's a cryptocurrency, people "mine" it themselves using high powered computers and store the data string which means the currency is stored as data... most of it is stored in secure, backed up online storage these days but it used to be more common for people to store it themselves on their own drives and if the drive then gets lost, damaged or corrupted then the bitcoin is "gone", just like if it was a wad of cash in a fire)


I've heard quite a few stories of people who just "dabbled" when it first became a thing and mined maybe 2 or 3 bitcoin (it gets progressively more complex over time - so it was easy to mine in the early days but now takes a LOT of tech / time / power) which were at the time hardly worth anything so they just got forgotten about, binned with old computers, wiped from the drive in an upgrade, etc. and now people are like " **** those would be worth twenty grand!!".

Also happier stories where people had totally forgotten they had a few of them from years ago then found their old computer in a cupboard and cashed in :joker:. I do think now really is the time for anyone in that situation to exchange them for cold hard dollaz though.

Thanks for that TS. If only we'd all known we could have been posting to each other from our yachts so big you could land a jumbo jet on them.

[bots]

its another form of gambling really, and I thought about having a punt a while ago and decided against it .... silly me :laugh:

[Vicky.]

You know..I have a couple of BTC in various wallets that I have lost the private key things too. It never used to bother me as it was like 50 quid or something at the time. Now I find out that its actually 20k? Great :bored:

I also somehow had 1.5 BTC nicked from an online wallet a few years back. Which pissed me off as that was a few hundred at the time, but again, this is now 15k worth :bored:

**** BTC

[Toy Soldier]

its another form of gambling really, and I thought about having a punt a while ago and decided against it .... silly me :laugh:

It's more similar to the stock market really but... yeah... the stock market is pretty much just highbrow punting too :joker:.

[arista]

lol

load of bollocks


From CNN HD LIVE Money show
2PM show
a report direct from South Korea
showed a student making 1,000's
as its a Faster way for profit , than any stock market.

There are loads of Bitcoin machines in South Korea
Buy it or Shares.


Its Not Regulated
thats why Worldwide trading is High
but in one day it went Higher than jumped down
Next ASIA day - It went up fast.....................


If you trade in Bitcoin
on your computer insure you can not be hacked
easy , FIRST.



Please note :
CNN HD is not on SAD virginmedia tv.

[arista]

its another form of gambling really, and I thought about having a punt a while ago and decided against it .... silly me :laugh:


Yes we need Machines like they have in South Korea
no hacking on those terminals

[arista]

Jesus Christ it's gone up by 2000 dollars in less than a week :think:. It's due a massive price crash tbh.

And if it does crash I'd say it's worth a punt as soon as the value starts to stabilize.



Yes it could Crash
but some Experts see it as Future Cash.

Many London places like Pizza
take Bitcoin.



Of Course in Cash in the UK
After the Plastic £20 arrives
its the Fab Plastic £50 note.

Perfect for me to to Fly FAST to Scotland with a Handcuffed case to buy a old Castle
on Pure BIG Plastic Cash
Prof T.S.

[arista]

http://www.boweryboogie.com/content/uploads/2015/11/bitcoin-machine.jpg
Very large photo

One in NYC


http://contactdir.uk/wp-content/uploads/2017/05/Bitcoin-atm-270x250.jpg
Bitcoin ATM in London.

[Smithy]

Dddd poor lily allen

[Saph]

what is it idgi

[DemolitionRed]

God I wish I was aware of this ten years ago. Then again I'd have sold whatever I bought long ago, too.

You didn't need to know about it ten years ago. You needed to know about it at the beginning of this year. If you bought £1,000 worth of bitcoin in January, it would now be worth £8,500 :hee:

[DemolitionRed]

One bitcoin today would cost you £13019.10

[arista]

what is it idgi

Online Money
you can buy a Pizza in London with it.

[arista]

One bitcoin today would cost you £13019.10


Yes it jumps real high
and then darts down a bit
then Asia Markets
Push it up overnight.


Gamble it is.

[Vicky.]

The BTC I spent a couple of hundred quid on would today be worth nearly enough to buy my ****ing house. How very depressing.

[Toy Soldier]

You didn't need to know about it ten years ago. You needed to know about it at the beginning of this year. If you bought £1,000 worth of bitcoin in January, it would now be worth £8,500 :hee:

Yeah but if you bought £1000 of bit coin in 2010 it would be worth £260 million. They were 5p each :joker:.

Even a year to 18 months in, you could get a bitcoin for a dollar. So £1000 worth would now be approx £13,000,000.

Insane. But it's all effectively gambling. That said, I can see it peaking at over the 100k dollars mark so it's still worth punting a few £ on if you have it spare. Basically it'll either increase another 10+ fold OR it will bust completely (predictions are that when it busts, it'll settle at around $1000). So consider it an all or nothing bet and hold onto it for a bit :shrug:.

Its not that easy to buy these days though, you have to sign up for a proper currency / stock exchange website and provide scans of passports, etc.

Obviously you can buy it anonymously on the darkweb but it costs like double.

[Toy Soldier]

I generally find, it's very easy to say in hindsight "Oh I should bought loads years ago!" but you can say that about loads of things. If you had lumped money into Intel, Apple, Microsoft, Google, Facebook, Amazon etc etc when those first started being traded, you'd be doing pretty well on those too.

[Vicky.]

I did buy loads.

I just was very careless and cannot access them :joker:

[Vicky.]

Its not that easy to buy these days though, you have to sign up for a proper currency / stock exchange website and provide scans of passports, etc.


Do you really..you used to be able to just do a bank transfer to anyone selling. If you paid with paypal you had to show photo ID though as so many people were doing chargebacks

[Toy Soldier]

Netflix, also, has seen a 3000% return over the last 10 years and would have been a much more stable investment that bitcoin. It's stock might drop a bit (especially once Disney pulls all of their stuff to their own service) but there's basically zero chance of it busting completely like bitcoin could.

[Toy Soldier]

I did buy loads.

I just was very careless and cannot access them :joker:My wife has an old school friend who was really into it and was telling her to buy some, but we never did :fist:. He was actually mining it himself... PROPERLY into it... I can only imagine he's now either very rich, or he got out of it and is feeling very depressed.

From how passionate he apparently was about it, though, I can only imagine he's doing pretty well for himself.

[DemolitionRed]

This is what to buy your kids for Xmas, though I'd go for Litecoin or IOTA or Ripple (XRP)

[DemolitionRed]

We have a friend who put £600 into Litecoin earlier this year and has just cashed in £212,000

[Toy Soldier]

I was going to buy bitcoin at 10k planning to cash it out at 20k, plus dabble with a few newer cryptos, but like I said I can't find anywhere (non-dodgy) that you can buy in without providing a passport scan, and I can't find my damn passport :joker:. And wife's is expired.

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/1229D/production/_118579347_ft20may.jpg

[arista]

BBC Text:
["One of the toughest challenges" to
the $1.3tn crypto-currency industry as a
popular digital coin,
Tether, failed to maintain its promise
of parity with the US dollar.
The paper says the drop to a low of
95.11 cents is a threat to the wider stability
of crypto markets and
is leading to calls for regulation.]


https://ichef.bbci.co.uk/news/976/cpsprodpb/15E3D/production/_124716698_ft-nc.png

[bots]

the crypto market has dived bombed since the start of the war, my portfolio has been battered :laugh:

[Kizzy]

I did buy loads.

I just was very careless and cannot access them :joker:

I wouldn't rest till I had cracked that..you need some 16yr old hacker, offer them half if they find it :laugh: