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Crypto Thread-Bitcoin/ethereum/litecoin

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posted on 9/11/17

Comment deleted by Site Moderator

posted on 9/11/17

comment by Admin1 (U1)
posted 6 minutes ago
comment by (Kash) I'm the Mané, I'm the Mané - Justice4Gaza (U1108)
posted 3 minutes ago
Anyone done Forex trading?
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Been losing money on this since brexithttps://www.etfsecurities.com/retail/uk/en-gb/products/product/etfs-long-nok-short-gbp-gbno-lse
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My bro in law is making it out to be the next big thing. He's following some lady called Hither Mann, keeps sending me video of her.

She is fit though

comment by Admin1 (U1)

posted on 9/11/17

comment by (Kash) I'm the Mané, I'm the Mané - Justice4Gaza (U1108)
posted 10 seconds ago
comment by Admin1 (U1)
posted 6 minutes ago
comment by (Kash) I'm the Mané, I'm the Mané - Justice4Gaza (U1108)
posted 3 minutes ago
Anyone done Forex trading?
----------------------------------------------------------------------
Been losing money on this since brexithttps://www.etfsecurities.com/retail/uk/en-gb/products/product/etfs-long-nok-short-gbp-gbno-lse
----------------------------------------------------------------------
My bro in law is making it out to be the next big thing. He's following some lady called Hither Mann, keeps sending me video of her.

She is fit though
----------------------------------------------------------------------
It's genuinely just a crap shoot in the short term. There is literally no way to predict one day to the next. Where it is useful is protecting wealth by diversifying it into other currencies. No better than the horses in short term. As a short gamble, you'd be better trading Crude oil, which has far more pronounced random walks. I've won a fantasy trader comps in the past, just going all in on a 3x/5x turbo oil. Ran Monte Carlo simulations and regression analysis which showed its quite common to get three or four constant directional days, which on a turbo, further compounds the returns. Would never do that with my own money, but on fantasy funds(where the trade off is asymmetric) it blows most other traders out the water.

posted on 9/11/17

I dunno about the bitcoin thingy but I can say I’ve made money off topcashback

comment by Admin1 (U1)

posted on 9/11/17

comment by The Noble Lord Flash (U8334)
posted 41 seconds ago
I dunno about the bitcoin thingy but I can say I’ve made money off topcashback
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posted on 9/11/17

comment by I am just McCann these days, Unless I am pumpin ye and ye want to call me Daddy (U21454)
posted 1 hour, 8 minutes ago
When Warren Buffet says it’s aload of pash that will fail, you listen, but what would he know?
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yeah and that Bill Gates...what does he know

comment by Admin1 (U1)

posted on 9/11/17

On a busy about there are 700 bitcoin exchange trades per min. That's just the speculators , which is more transactions per second than the blockchain can handle. Which should give some idea as to how utterly impractical it is as a currency.

posted on 9/11/17

Admin seems to know his stuff.

What do you trade in on forex admin and what site do you use?

posted on 9/11/17

comment by Adam 'The Interview' Lallana (U20650)
posted 1 hour, 13 minutes ago
i had some and sold them for twice what i bought them for.. was £8 a pop thenoh what could have been
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In Del Boys voice, youuuu plonker

posted on 9/11/17

comment by Admin1 (U1)
posted 2 minutes ago
On a busy about there are 700 bitcoin exchange trades per min. That's just the speculators , which is more transactions per second than the blockchain can handle. Which should give some idea as to how utterly impractical it is as a currency.
----------------------------------------------------------------------
Ours not trying to be a currency...it is digital gold... a storage of value.

So many better alts that can be a legit currency.

comment by Admin1 (U1)

posted on 9/11/17

comment by Nickasaurus (U9257)
posted 1 minute ago
Admin seems to know his stuff.

What do you trade in on forex admin and what site do you use?
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I use idealing mostly. I have used Plus500, but have real reservations about it. Had about of 500,000 leverage euro short exposure during the Greek crisis and had my funds frozen, so i couldn't lock in my profit. Not enough to buy a house but a small car, ended up closed out at a slight loss weeks later.

posted on 9/11/17

ahhh that's a shame, I downloaded plus 500 last week but yet to look into the app properly.

Always get that trading 212 on my youtube ads though, anybody used that?

comment by Admin1 (U1)

posted on 9/11/17

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
comment by Admin1 (U1)
posted 2 minutes ago
On a busy about there are 700 bitcoin exchange trades per min. That's just the speculators , which is more transactions per second than the blockchain can handle. Which should give some idea as to how utterly impractical it is as a currency.
----------------------------------------------------------------------
Ours not trying to be a currency...it is digital gold... a storage of value.

So many better alts that can be a legit currency.
----------------------------------------------------------------------
It's the tulip equivalent of gold. Driven by speculation instead of practicality. It's like me bottling my farts and folk buying them as an instrument of wealth.

posted on 9/11/17

Invest in cannabis companies, that market will explode once it becomes more and more legalised in the US #AskEdin

comment by Admin1 (U1)

posted on 9/11/17

comment by Nickasaurus (U9257)
posted 54 seconds ago
ahhh that's a shame, I downloaded plus 500 last week but yet to look into the app properly.

Always get that trading 212 on my youtube ads though, anybody used that?
----------------------------------------------------------------------
It's a side bet with an Israeli based company, so the values don't match the actual exchanges, so they Iit has been RUMOURED manipulate the values, which forces a margin call and closes you out. I was upgraded to a premium trader account which made it worse, so demanded the knock me back down.

On paper it is far better than spread betting as they wont take more than your initial stake. They just wipe you out. So the downside is limited. As opposed to spead betting where you can lose your house if it goes against you.

posted on 9/11/17

comment by Edinspur (U1109)
posted 3 minutes ago
Invest in cannabis companies, that market will explode once it becomes more and more legalised in the US #AskEdin
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lol not a bad shout tbh, have you done so yourself edin?

posted on 9/11/17

And admin has layman's term ever meant anything to you?

posted on 9/11/17

Fackin hell Nick, go and read a few articles

comment by Admin1 (U1)

posted on 9/11/17

comment by Nickasaurus (U9257)
posted 2 minutes ago
And admin has layman's term ever meant anything to you?
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Don't know how rich you are. But in hindsight I'd only touch Plus500 if I had 60-70k cash reserves in the account which means they can't easily close you out and risk 100 quid on something leveraged 100/1 like bitcoin, it negates their ability to make small tweaks to wipe you out. But even then i'd still worry about them losing my funds.

posted on 9/11/17

comment by Admin1 (U1)
posted 13 minutes ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
comment by Admin1 (U1)
posted 2 minutes ago
On a busy about there are 700 bitcoin exchange trades per min. That's just the speculators , which is more transactions per second than the blockchain can handle. Which should give some idea as to how utterly impractical it is as a currency.
----------------------------------------------------------------------
Ours not trying to be a currency...it is digital gold... a storage of value.

So many better alts that can be a legit currency.
----------------------------------------------------------------------
It's the tulip equivalent of gold. Driven by speculation instead of practicality. It's like me bottling my farts and folk buying them as an instrument of wealth.
----------------------------------------------------------------------
Sorry... but that's nonsense.... it has a very solid usage based on very good tech.... the concept may have changed... but the tulip example is pure laziness.

I was far from an early investor but have banked 5 figures (profit )and have 6 figures in my portfolio.

Find late tulip investors that did that!

posted on 9/11/17

Even gold had a ridiculous low usage in the modern world... May as well call that tulip too

comment by Admin1 (U1)

posted on 9/11/17

I got banned from a few binary betting platforms a few years ago and ended out signing up for one based in the Belize and not FSA regulated. When i tried to withdraw they refused and demanded a sign a credit card authorisation statement, which would allow them to withdraw money from me I wrote the money off, but as a final F you they sold my details to some "mugs list" and now i get a phone-call once or twice a week from other boiler room/trading scammers.

comment by Admin1 (U1)

posted on 9/11/17

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
Even gold had a ridiculous low usage in the modern world... May as well call that tulip too
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Except that is a viable to use as a currency.

posted on 9/11/17

comment by Admin1 (U1)
posted 1 minute ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
Even gold had a ridiculous low usage in the modern world... May as well call that tulip too
----------------------------------------------------------------------
Except that is a viable to use as a currency.
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Is it... walk into Wal-Mart or Tesco with a cunch of gold

posted on 9/11/17

You still need to convert to fiat... just like bitcoin... you still have too pay a fee for that conversion... just like bitcoin

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