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Crypto currency

Sorry of topic.
But just been introduced to some crypto currency. I think it's Bitcoin. I have never been involved in anything like this before just wanted opinion from others if anyone has and what kind of experience they have had. Is it something you recommend or something to stay away from

comment by Admin1 (U1)

posted on 22/9/17

I wrote a wallet cracker the first time it broke $1000. I used some of the diacritics code I wrote to enhance the swear filter.

posted on 22/9/17

comment by Baz tardo (U19119)
posted 2 hours, 20 minutes ago
I've got a Nigerian mate, prince asbo who will give you 100m bit coins if you wire him 3000 poinds.,it's stuck in a trust fund, managed by his Nigerian astronaut who was forgotten about after soyez, 3000 pounds will help him get down.
----------------------------------------------------------------------

You had me until I realised you called them 'poinds' then 'pounds'

posted on 22/9/17

comment by Admin1 (U1)
posted 1 hour, 30 minutes ago
Bitcoin is overhyped and can't handle a transaction volume befitting a currency. It's tulip mania for the modern ages. Your local Asda couldn't operate on bitcoin
----------------------------------------------------------------------

I love the tulip story

The dotcom boom of the era

comment by TUX (U5315)

posted on 22/9/17

comment by Admin1 (U1)
posted 1 hour, 16 minutes ago
Bitcoin is overhyped and can't handle a transaction volume befitting a currency. It's tulip mania for the modern ages. Your local Asda couldn't operate on bitcoin
----------------------------------------------------------------------

Not sure about ''Tulip Mania'' re-Bitcoin tbh as it's been written-off over 150 times.......but it's still here?
Yeah it's slow but it may well take the place of gold as a store of wealth rather than a 'daily' currency.
The bottom line with cryptos is that many are basically f--ked off with being continually robbed by the Central Banking system that we've ALL had forced upon us for many many years.
Yes it'll be peddled as a domain for crooks/terrorists etc............but only by the real crooks.

But Bitcoin is only one of many many cryptos. It's worth looking into.










comment by Admin1 (U1)

posted on 22/9/17

comment by TUX (U5315)
posted 4 minutes ago
comment by Admin1 (U1)
posted 1 hour, 16 minutes ago
Bitcoin is overhyped and can't handle a transaction volume befitting a currency. It's tulip mania for the modern ages. Your local Asda couldn't operate on bitcoin
----------------------------------------------------------------------

Not sure about ''Tulip Mania'' re-Bitcoin tbh as it's been written-off over 150 times.......but it's still here?
Yeah it's slow but it may well take the place of gold as a store of wealth rather than a 'daily' currency.
The bottom line with cryptos is that many are basically f--ked off with being continually robbed by the Central Banking system that we've ALL had forced upon us for many many years.
Yes it'll be peddled as a domain for crooks/terrorists etc............but only by the real crooks.

But Bitcoin is only one of many many cryptos. It's worth looking into.





----------------------------------------------------------------------
I hold gold(which is arguably also a nonsense) but bitcoin is quite ridiculous as to it replacing any sort of fiat currency. It's like me only producing a finite number of turds per day till I die, it doesn't actually give it a value other than those who believe it to be worth something. The block chain is quite different and is a mechanism I see a degree of usefulness in. This doesn't need bitcoin.

Bitcoin is most definitely investment in its loosest sense. Akin to betting on a horse you think is improving.

For me an oil option dollar denominated is probably the purest hedge against any individual currency collapse. Globally it is intrinsically useful for a long long time to come.

posted on 22/9/17

Invest in a coin if you can , because i feel this is where it will heading.

I read a couple of weeks ago that a £100 pound investment 10 years ago would be worth a couple of million now.

I personally dont understand it but i would take a chance but be quick as the prices increase rapidly

posted on 22/9/17

comment by HRH King Ledley (U20095)
posted 1 hour, 34 minutes ago
comment by Baz tardo (U19119)
posted 2 hours, 20 minutes ago
I've got a Nigerian mate, prince asbo who will give you 100m bit coins if you wire him 3000 poinds.,it's stuck in a trust fund, managed by his Nigerian astronaut who was forgotten about after soyez, 3000 pounds will help him get down.
----------------------------------------------------------------------

You had me until I realised you called them 'poinds' then 'pounds'

----------------------------------------------------------------------
Sorry, it was his words in the email he sent. Just thought I'd pass it on.

posted on 22/9/17

comment by Cantona 7 (U11258)
posted 43 minutes ago
Invest in a coin if you can , because i feel this is where it will heading.

I read a couple of weeks ago that a £100 pound investment 10 years ago would be worth a couple of million now.

I personally dont understand it but i would take a chance but be quick as the prices increase rapidly
----------------------------------------------------------------------
I'm. It sure. It seems to me the point of it is to have an alternative to the established banking world, I can't see them- the most powerful players around with masses of political influsnse sitting idly while bitcoin picks up. It's a trstanent to bitcoin's design it hasn't been crushed yet by them. For bit coin to become mainstream normaillity you'd have to have a massive shift politically and socially.

comment by TUX (U5315)

posted on 22/9/17

comment by Admin1 (U1)
posted 49 minutes ago
comment by TUX (U5315)
posted 4 minutes ago
comment by Admin1 (U1)
posted 1 hour, 16 minutes ago
Bitcoin is overhyped and can't handle a transaction volume befitting a currency. It's tulip mania for the modern ages. Your local Asda couldn't operate on bitcoin
----------------------------------------------------------------------

Not sure about ''Tulip Mania'' re-Bitcoin tbh as it's been written-off over 150 times.......but it's still here?
Yeah it's slow but it may well take the place of gold as a store of wealth rather than a 'daily' currency.
The bottom line with cryptos is that many are basically f--ked off with being continually robbed by the Central Banking system that we've ALL had forced upon us for many many years.
Yes it'll be peddled as a domain for crooks/terrorists etc............but only by the real crooks.

But Bitcoin is only one of many many cryptos. It's worth looking into.





----------------------------------------------------------------------
I hold gold(which is arguably also a nonsense) but bitcoin is quite ridiculous as to it replacing any sort of fiat currency. It's like me only producing a finite number of turds per day till I die, it doesn't actually give it a value other than those who believe it to be worth something. The block chain is quite different and is a mechanism I see a degree of usefulness in. This doesn't need bitcoin.

Bitcoin is most definitely investment in its loosest sense. Akin to betting on a horse you think is improving.

For me an oil option dollar denominated is probably the purest hedge against any individual currency collapse. Globally it is intrinsically useful for a long long time to come.
----------------------------------------------------------------------

Gold is good, if it wasn't then many countries wouldn't be buying/repatriating it in bundles atm.
At some point in the 70's, the average wage was around £30 pw. If you'd put half in the bank then and the other half in an ounce of gold then today you'd have a maximum of £200 on the banks return and around £1000 for the gold. Gold will always have value bud, it's been used as money for 5000yrs.
The problems of today started with the end of the Bretton Woods system when the dollar (the global currency) was un-linked to gold.
Central Banks were then let loose and printed money like it was going out of fashion.
That is the cause of todays problems and equally why the Central Banks/Owned media crucify gold along with crytos.

I just wish more would see it tbh.

posted on 22/9/17

I've got money in both Bitcoins and Ether.

Read up on how to buy and sell before you jump in as it can be a bit complicated, I lost about £75 in transfer fees and commission the first time round because I didn't research it.

Blockchain is a good starting point but it will cost you at least £9 bank fees on each transaction as they're based in Denmark. OK if you're dealing in thousands but not so if you're just sticking a few quid in.

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