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Bitcoin, Crypto and Stocks

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Paul McGrath
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ShamtheRam Quote  Post ReplyReply Direct Link To This Post Posted: 17 Dec 2020 at 7:50am
Originally posted by engpad engpad wrote:

Bitcoin went over ¢20k for the first time today. New all time high. 
Its back down nearer 17k today
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Post Options Post Options   Thanks (0) Thanks(0)   Quote engpad Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2020 at 6:55pm
Bitcoin went over ¢20k for the first time today. New all time high. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gaz Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2020 at 10:07am
Originally posted by nvidic nvidic wrote:

Originally posted by Gaz Gaz wrote:

Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Gaz Gaz wrote:

Some clarity on the bro in law:

- he's single yeah. No woman would let you gamble your life savings

- he has 30 bitcoins. He started buying them in Jan and has bought some after that. Total investment was 50 grand

- can't see him selling. He's adamant it will keep rising. I reckon it's gonna plummet in the near future but sure what do I know

What’s the latest Gaz? 
If this guy sold out near the top in Dec 2017 he did very well....


yeah he sold some and re-invested. He has nearly 11 bitcoins at the moment which is worth almost €180k I think. If he cashed out now he would be making a profit of over €100k purely on bitcoins. He has other crypto currencies as well. Some man

Presume he'd have to pay capital gains on that? Some going all the same 

Remember trying to buy some back in 2013, got frustrated and gave up, what could have been and all that 


Yep he would have to pay 33% on any gain made alright
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shedite Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 7:41pm
Originally posted by sausy sausy wrote:

Quick question but what are these currencies used for? I know you can use Bitcoin for legit stuff online now (as well as everything else) but what about the others? I see IPO's for them online the odd time but just don't get, is the hope they become more mainstream and accepted for payment by most?
There's probably too many at this stage. It's relatively easy to make a new currency at this stage so a lot of nerds have done so. Most are worthless
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Claret Murph Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 7:40pm
Can you still have your crypto mined ?

I know a lad who had his mined he said that they must have worked in a team of around 4 to make it work 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Drumcondra 69er Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 6:55pm
Originally posted by Gaz Gaz wrote:

Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Gaz Gaz wrote:

Some clarity on the bro in law:

- he's single yeah. No woman would let you gamble your life savings

- he has 30 bitcoins. He started buying them in Jan and has bought some after that. Total investment was 50 grand

- can't see him selling. He's adamant it will keep rising. I reckon it's gonna plummet in the near future but sure what do I know

What’s the latest Gaz? 
If this guy sold out near the top in Dec 2017 he did very well....


yeah he sold some and re-invested. He has nearly 11 bitcoins at the moment which is worth almost €180k I think. If he cashed out now he would be making a profit of over €100k purely on bitcoins. He has other crypto currencies as well. Some man

How easy is it to cash out on crypto?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nvidic Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 5:51pm
Originally posted by Gaz Gaz wrote:

Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Gaz Gaz wrote:

Some clarity on the bro in law:

- he's single yeah. No woman would let you gamble your life savings

- he has 30 bitcoins. He started buying them in Jan and has bought some after that. Total investment was 50 grand

- can't see him selling. He's adamant it will keep rising. I reckon it's gonna plummet in the near future but sure what do I know

What’s the latest Gaz? 
If this guy sold out near the top in Dec 2017 he did very well....


yeah he sold some and re-invested. He has nearly 11 bitcoins at the moment which is worth almost €180k I think. If he cashed out now he would be making a profit of over €100k purely on bitcoins. He has other crypto currencies as well. Some man

Presume he'd have to pay capital gains on that? Some going all the same 

Remember trying to buy some back in 2013, got frustrated and gave up, what could have been and all that 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 5:20pm
Originally posted by sausy sausy wrote:

Quick question but what are these currencies used for? I know you can use Bitcoin for legit stuff online now (as well as everything else) but what about the others? I see IPO's for them online the odd time but just don't get, is the hope they become more mainstream and accepted for payment by most?

PayPal have announced they will allow Bitcoin and a couple of others next year so they are gaining more traction.

Most people seem to be using them as speculative assets.... a bit like owning mining stocks. 



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Post Options Post Options   Thanks (0) Thanks(0)   Quote sausy Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 4:45pm
Quick question but what are these currencies used for? I know you can use Bitcoin for legit stuff online now (as well as everything else) but what about the others? I see IPO's for them online the odd time but just don't get, is the hope they become more mainstream and accepted for payment by most?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 4:18pm
Originally posted by Gaz Gaz wrote:

Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Gaz Gaz wrote:

Some clarity on the bro in law:

- he's single yeah. No woman would let you gamble your life savings

- he has 30 bitcoins. He started buying them in Jan and has bought some after that. Total investment was 50 grand

- can't see him selling. He's adamant it will keep rising. I reckon it's gonna plummet in the near future but sure what do I know

What’s the latest Gaz? 
If this guy sold out near the top in Dec 2017 he did very well....


yeah he sold some and re-invested. He has nearly 11 bitcoins at the moment which is worth almost €180k I think. If he cashed out now he would be making a profit of over €100k purely on bitcoins. He has other crypto currencies as well. Some man

Fair play to him

It’s easy to throw a few 100 on crypo currencies and make a good return but to throw you life savings takes balls of steel! 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote gmfc90 Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 3:56pm
Originally posted by McG McG wrote:

Originally posted by gmfc90 gmfc90 wrote:

Coin I have went up 150% in a week. Making a handy extra few quid by doing nothing. Bought at 19c a coin and it now 52c a coin. Can't complain.


XRP i presume. 


Yeah it's doing well. Will probably sell soon. It'll probably back to bite me on the arse but I am well in the green
Danger here, OH NO
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Post Options Post Options   Thanks (0) Thanks(0)   Quote McG Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 3:54pm
Originally posted by gmfc90 gmfc90 wrote:

Coin I have went up 150% in a week. Making a handy extra few quid by doing nothing. Bought at 19c a coin and it now 52c a coin. Can't complain.

XRP i presume. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote gmfc90 Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 3:19pm
Coin I have went up 150% in a week. Making a handy extra few quid by doing nothing. Bought at 19c a coin and it now 52c a coin. Can't complain.
Danger here, OH NO
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gaz Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 2:51pm
Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Gaz Gaz wrote:

Some clarity on the bro in law:

- he's single yeah. No woman would let you gamble your life savings

- he has 30 bitcoins. He started buying them in Jan and has bought some after that. Total investment was 50 grand

- can't see him selling. He's adamant it will keep rising. I reckon it's gonna plummet in the near future but sure what do I know

What’s the latest Gaz? 
If this guy sold out near the top in Dec 2017 he did very well....


yeah he sold some and re-invested. He has nearly 11 bitcoins at the moment which is worth almost €180k I think. If he cashed out now he would be making a profit of over €100k purely on bitcoins. He has other crypto currencies as well. Some man
I dont email the count anymore, its been 9 months : ( He even sent me a YBIG scarf for my Birthday
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Flanno7hi Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 11:58am
Originally posted by Trap junior Trap junior wrote:

I invest about £50 a month in petroleum. I tell ya. I am going places.

LOL

I've an extra £160 a month not driving to work.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Flanno7hi Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 11:57am
Originally posted by Flanno7hi Flanno7hi wrote:

Interesting. The mining is intriguing. Could you get a heap of people to use their computers unused memory to mine into the one account? Do people make money out of this?

Just seen this from me, FFS if I had bought a bit coin that day and forgot about it until now, I'd have made about £14k. Dead
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Trap junior Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 11:55am
I invest about £50 a month in petroleum. I tell ya. I am going places.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Flanno7hi Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2020 at 11:53am
Originally posted by Sham157 Sham157 wrote:

Originally posted by sausy sausy wrote:

Originally posted by Sham157 Sham157 wrote:

Used the Revolut app to dip the toes into the Crypto world some months back. My inital outlay has just about doubled as of a few mins ago. Clap
 
What are you going to spend the €2 on?
probably a can  of Guinness. Not decided for certain yet.

LOL
 

Decided to put a few quid into this too Sham. Went for bitcoin, Etherium, Ripple and Cardano.

think i'll start putting in £50 a month and see how i get on in a year. I think I'll concentrate on Etherium and Cardano.




Edited by Flanno7hi - 01 Dec 2020 at 11:53am
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