Bitcoin, Crypto and Stocks

Bob Hoskins wrote: Trap junior wrote: I think I will try going into Curry's tomorrow and buy a top of the range 52 inch telly and then buy a new BMW.  I presume they will accept Bitcoin?  No?  That's ok I prefer to deal in my own make believe money called TJ's.  I started selling them online and so far you can get 2 TJ's to the British Pound. https://www.irishtimes.com/business/financial-services/what-is-bitcoin-and-how-does-it-work-1.3322973 the only thing that your posts shows is your own ignorance

So I am putting you down for 2,000 TJ's via Revolut?

http://uk.businessinsider.com/bitcoin-pizza-10000-100-million-2017-11

Someone in 2010 bought 2 pizzas with 10,000 bitcoins — which today would be worth $100 million

Crazy stuff

MC Hammered wrote: Gaz wrote: Brother in law invested €50k in it at the start of the year (his life savings). Worth over €425k at the moment Surely the shot here is to cash out half the bitcoin now and let the rest mature.  That way you have your initial outlay of €50k recouped plus €162,500 in profit and you still have €215k worth of bitcoin

Exactly. He can bank an absolutely tidy sum now on what is looking like a classic bubble: an asset of dubious intrinsic value being traded solely on the basis of its potential appreciation in value.

It's f**king Wolf of Wall Street stuff at the minute: he's definitely best advised to take some of that cash out. Were it me having held off this long, I'd definitely take €200k of it out now and, if it keeps going up, another €20k per month for the next few months.

I know the general advice has been that sticking is bad but the longer he sticks, the more he stands to lose rather than gain. This isn't a cash out from Paddypower for €60 on a €10 acca, it's genuine, life changing, mortgage clearing cash.

9fingers wrote: SuperDave84 wrote: MC Hammered wrote: Gaz wrote: Brother in law invested €50k in it at the start of the year (his life savings). Worth over €425k at the moment Surely the shot here is to cash out half the bitcoin now and let the rest mature.  That way you have your initial outlay of €50k recouped plus €162,500 in profit and you still have €215k worth of bitcoin Exactly. He can bank an absolutely tidy sum now on what is looking like a classic bubble: an asset of dubious intrinsic value being traded solely on the basis of its potential appreciation in value. It's f**king Wolf of Wall Street stuff at the minute: he's definitely best advised to take some of that cash out. Were it me having held off this long, I'd definitely take €200k of it out now and, if it keeps going up, another €20k per month for the next few months. I know the general advice has been that sticking is bad but the longer he sticks, the more he stands to lose rather than gain. This isn't a cash out from Paddypower for €60 on a €10 acca, it's genuine, life changing, mortgage clearing cash. As a gambler I’d be getting out now. You have to have to know when to take a win. And as someone who’s watched bitcoin with interest I’d be getting out now too. Fair play to your man tho, life changing decision & massive bollox to go n do it

It's a 15 or 25 year investment imo, by that stage we will all be using it 

If he invested €50k in January I'd guess he's worth closer to the €1m already. The price in Jan was between $750 and $1000 depending on when he bought. It's at $17k as of today. €50k might have bought around 60 bitcoin. Total now of $1,020,000.

Who regulates it?

I read up a little on it over the last day or so.  The founder(s) of it are anonymous. Just a tad shady.  Why is that I wonder? 

How does one cash in their bitcoin for proper money like Euro?  From what Iread you have to find some other lad online to buy them off you.

Is it just me or is it like buying thin air that someone says has a value and that value is going up?

Also what the f**k is ''mining bitcoin''?

There are other cryptocurrencies like TJ Coins to invest in now too.

Trap junior wrote: I read up a little on it over the last day or so.  The founder(s) of it are anonymous. Just a tad shady.  Why is that I wonder?  How does one cash in their bitcoin for proper money like Euro?  From what Iread you have to find some other lad online to buy them off you. Is it just me or is it like buying thin air that someone says has a value and that value is going up? Also what the f**k is ''mining bitcoin''? There are other cryptocurrencies like TJ Coins to invest in now too.