Bitcoin

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Sir Bobby
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Bitcoin

Post by Sir Bobby » Wed Nov 29, 2017 6:57 am

There's very little on this forum about cryptocurrencies like Bitcoin considering how popular it seems to be becoming. In fact, practically the only reference to it is 4 years ago where Mifune states it isn't worth getting involved. I don't want to rub his face in it too much but had he invested £500 that week he would have woken up today with around £60,000. So since it seems to be gaining more and more traction both in regular Joe world and in financial markets, what are people's thoughts? Is it going to crash? Will it ever be adopted as a genuine form of payments for things? Will the government start regulating it before it gets out of control? Has anyone invested?

Personally I'm annoyed I waited so long to invest since I considered it a year ago but only ended up doing it 3 months ago. However in that time I've doubled my money so can't exactly complain too much.

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Re: Bitcoin

Post by Blještav Benny » Wed Nov 29, 2017 9:48 am

I don't have a clue what it is.

I wish I'd invested in Brewdog 10 years ago. Their shares have rocketed.
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Re: Bitcoin

Post by skalpel » Wed Nov 29, 2017 10:00 am

Mifune said Brewdog was pointless too. I invested though and made loadsa money. I was gonna make my own thread about it but here seems as good a place as any.
SpoilerShow
<roll> <roll> <roll>

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Re: Bitcoin

Post by skalpel » Wed Nov 29, 2017 10:09 am

Seriously though, it'll have to be regulated at some point I imagine. I don't understand enough about economics to say whether it could ever become a viable currency. But it seems to a layman like me though that there'll eventually be the need for some kind of international reserve currency. Maybe something like bitcoin would do the job, I dunno.

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Re: Bitcoin

Post by Blještav Benny » Wed Nov 29, 2017 10:17 am

skalpel wrote:Mifune said Brewdog was pointless too. I invested though and made loadsa money. I was gonna make my own thread about it but here seems as good a place as any.
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<roll> <roll> <roll>
<laugh>

<gent>

I've never invested in anything, maybe i should <scratch>
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Re: Bitcoin

Post by skalpel » Wed Nov 29, 2017 10:24 am

Bodacious Benny wrote:
skalpel wrote:Mifune said Brewdog was pointless too. I invested though and made loadsa money. I was gonna make my own thread about it but here seems as good a place as any.
SpoilerShow
<roll> <roll> <roll>
<laugh>

<gent>

I've never invested in anything, maybe i should <scratch>
Same here, and I'm basically clueless about how I'd go about doing it in the first place. I've got a relative who's a bit of a genius at it though, maybe I'll ask for advice one day but I'm not even slightly interested in the whole thing (besides the part where someone gives you a bunch of money) so I doubt it'll be any time soon.

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Re: Bitcoin

Post by bigbelgiandave » Wed Nov 29, 2017 10:46 am

As if anyone would listen to anything Mifune has to say <laugh>
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Re: Bitcoin

Post by OverseersmademesupportenglandTOON » Wed Nov 29, 2017 10:50 am

I bought a shed load of Northern Rock shares.

I really should look up how they are faring. I could be loaded.

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Re: Bitcoin

Post by Blještav Benny » Wed Nov 29, 2017 11:05 am

<laugh>
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Re: Bitcoin

Post by Sir Bobby » Wed Nov 29, 2017 1:30 pm

The dream of investing a little money in a random company that ends up becoming the next Microsoft <awe>

I’m hoping for either that or the lottery

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Re: Bitcoin

Post by Blještav Benny » Wed Nov 29, 2017 1:36 pm

Sir Bobby wrote:The dream of investing a little money in a random company that ends up becoming the next Microsoft <awe>

I’m hoping for either that or the lottery
Probably got more chance with the investment tbh <laugh>
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Re: Bitcoin

Post by OverseersmademesupportenglandTOON » Wed Nov 29, 2017 1:44 pm

Sir Bobby wrote:The dream of investing a little money in a random company that ends up becoming the next Microsoft <awe>

I’m hoping for either that or the lottery
I've heard great things about a company named Compu-Global-Hyper-Mega-Net.

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Re: Bitcoin

Post by Sir Bobby » Wed Nov 29, 2017 3:27 pm

overseasTOON wrote:
Sir Bobby wrote:The dream of investing a little money in a random company that ends up becoming the next Microsoft <awe>

I’m hoping for either that or the lottery
I've heard great things about a company named Compu-Global-Hyper-Mega-Net.
WHERE DO I SIGN UP

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Re: Bitcoin

Post by ALF » Wed Nov 29, 2017 3:35 pm

I know nothing about Bitcoin. How do I invest and when do I become rich?

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Re: Bitcoin

Post by ALF » Wed Nov 29, 2017 4:10 pm

In 2011 1 Bitcoin was worth 1 US Dollar. 1 Bitcoin is now worth over $11,000.

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Re: Bitcoin

Post by Blještav Benny » Wed Nov 29, 2017 4:13 pm

That news isn't much use to us now <wenger>
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Re: Bitcoin

Post by ALF » Wed Nov 29, 2017 4:25 pm

Bodacious Benny wrote:That news isn't much use to us now <wenger>
John Mcafee predicts 1 Bitcoin to be worth $1m by 2020. His initial prediction was $500,000 but that was based on a $5k worth at the end of this year.

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Re: Bitcoin

Post by Blještav Benny » Wed Nov 29, 2017 4:28 pm

ALF wrote:
Bodacious Benny wrote:That news isn't much use to us now <wenger>
John Mcafee predicts 1 Bitcoin to be worth $1m by 2020. His initial prediction was $500,000 but that was based on a $5k worth at the end of this year.
Buy buy buy!
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Re: Bitcoin

Post by PTAO? » Wed Nov 29, 2017 6:15 pm

ALF wrote:
Bodacious Benny wrote:That news isn't much use to us now <wenger>
John Mcafee predicts 1 Bitcoin to be worth $1m by 2020. His initial prediction was $500,000 but that was based on a $5k worth at the end of this year.
Yes, but what does mifune say?

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Re: Bitcoin

Post by ALF » Thu Nov 30, 2017 12:04 am

PTAO wrote:
ALF wrote:
John Mcafee predicts 1 Bitcoin to be worth $1m by 2020. His initial prediction was $500,000 but that was based on a $5k worth at the end of this year.
Yes, but what does mifune say?
Mifune wrote:
The Situation wrote:Whats this bitcoin business, worth getting involved?
No <ok>.

What a f***ing bellend.

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