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Crypto Thread-Bitcoin/ethereum/litecoin

Slow week this week with the damn international breaks.

Has anyone invested in any bitcoin or cryptocurrency?

How did you go about it and how do keep it secure?

I'm not really worried about it fluctuating in price but before I invest I want to make sure that my details are not leaked as they seem to want every thing about your life on coinbase.

comment by Superb (U6486)

posted 4 weeks, 1 day ago

Yeah I'm assuming it will bounce back at some point Brummie. Just wondering what happens if it absolutely tanks and my current £7 turn to £0 ? Or minus. Am I then liable or owing ? Obviously I don't want that.

posted 4 weeks, 1 day ago

How can you be overdrawn, unless Bitcoin allows you to trade whilst overdrawn ?

posted 4 weeks, 1 day ago

You just loose your £40 Superb!

To look at it in context though Superb at the start of 2017 it was around $750 - it's currently at about $3,700 or just under.

posted 4 weeks, 1 day ago

Made your first million Brummie ?

posted 4 weeks, 1 day ago

Alas no

comment by Superb (U6486)

posted 4 weeks, 1 day ago

comment by The Power Of Now (U20893)
posted 13 minutes ago
How can you be overdrawn, unless Bitcoin allows you to trade whilst overdrawn ?
----------------------------------------------------------------------
I remember Admin saying something of that nature a while back that you're liable if it goes the other way. I might have misunderstood though.

comment by Superb (U6486)

posted 4 weeks, 1 day ago

comment by BrummieBlue! (U3487)
posted 14 minutes ago
You just loose your £40 Superb!

To look at it in context though Superb at the start of 2017 it was around $750 - it's currently at about $3,700 or just under.
----------------------------------------------------------------------
Ok cheers Brummie. If that's the case then obviously I'll just sit it out and check it again in another year.

posted 3 weeks, 5 days ago

comment by Superb (U6486)
posted 2 days, 15 hours ago
I recently checked my Coinbase account after a very long time. About a year ago I bought about £40 of Bitcoin, Litecoin and Ethereum in total just to see if it would go up further and it's total value is now around £7 sadly. If it keeps getting lower then am I liable in any way ?
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Trading futures you used to be able to go into debit and owe more than you originally invested or your premium.
All that has changed now however with the advent of electronic platforms which will stop out your account before that happens,so the short answer is no!

posted 3 weeks, 5 days ago

comment by Superb (U6486)
posted 2 days, 14 hours ago
comment by The Power Of Now (U20893)
posted 13 minutes ago
How can you be overdrawn, unless Bitcoin allows you to trade whilst overdrawn ?
----------------------------------------------------------------------
I remember Admin saying something of that nature a while back that you're liable if it goes the other way. I might have misunderstood though.
----------------------------------------------------------------------
It's all about the trading margin,or funds necessary to hold a trade open when they got low in old times the broker would telephone you old school to ask for more money.
Hence the term 'Margin Call' but it's all done electronically now and strictly limited risk,if you get sent a bill just throw it in the bin as it won't be enforced!

comment by Busby (U19985)

posted 3 weeks, 5 days ago

Tron back to where I brought it.

Prep the keys for the lambo

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