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Bitcoin, Crypto and Stocks
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The White Cafu View Drop Down
Liam Brady
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Points: 2200 		Post Options Post Options   Thanks (0) Thanks(0)   Quote The White Cafu Quote  Post ReplyReply Direct Link To This Post Posted: 15 Dec 2017 at 1:51am
Originally posted by Trap junior Trap junior wrote:

Was some bloke on Prime Time talking about Bitcoin there. Missed nearly all of it so didn't hear what he said

Watched it and he basically just talked absolute sh*te, was as if he was reading the Wikipedia page.
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colemanY2K View Drop Down
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Points: 14959 		Post Options Post Options   Thanks (0) Thanks(0)   Quote colemanY2K Quote  Post ReplyReply Direct Link To This Post Posted: 18 Dec 2017 at 1:22pm

Singapore sound alarm over bitcoin

Singapore’s financial watchdog has joined the chorus of concerns over cryptocurrencies.

Sopnendu Mohanty, the top fintech official at Singapore’s monetary authority (MAS), has warned that people who have invested in bitcoin will come a cropper when they try to withdraw their funds.

The Telegraph’s Ambrose Evans-Pritchard has the story:

Bitcoin has no fundamental value and is likely to end in tears once speculators discover how hard it can be to extricate their cash, Singapore’s financial watchdog has warned.

Sopnendu Mohanty, Fintech chief for Singapore’s monetary authority (MAS), said there was a crucial difference between Bitcoin and rival crypto-currency Ethereum, but it is far from clear whether either improves day-to-day transactions or has much potential as a tool for central banking.

“Bitcoin has no natural intrinsic value. Can you buy a house with it? Can you use it for daily interactions? It may be valued at $18,000 right now but what I want to know is how you convert it into fiat currency and realize that value. The risk comes at the moment of conversion,” he told the Daily Telegraph....

Is it true Bitcoin is difficult to convert into Euros, dollars etc. ?
"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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SuperDave84 View Drop Down
Robbie Keane
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ooh Thomas, how could you do this to me!

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Points: 21384 		Post Options Post Options   Thanks (0) Thanks(0)   Quote SuperDave84 Quote  Post ReplyReply Direct Link To This Post Posted: 18 Dec 2017 at 10:45pm
No, you just sell it to the next chump. It isn't that hard.

It's hard to spend directly at the minute, as there aren't that many places that accept it; that doesn't make it hard to sell, though.

Put it like this: could you buy a can of coke with a solid gold coin? Unlikely. But could you sell it for cash? Damned right you could.
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You can also quite easily link it to a credit card and spend as easily as you would with any other credit card bases on fiat. It's nowhere near as difficult as some people want to make out.
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colemanY2K View Drop Down
Roy Keane
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Points: 14959 		Post Options Post Options   Thanks (0) Thanks(0)   Quote colemanY2K Quote  Post ReplyReply Direct Link To This Post Posted: 20 Dec 2017 at 8:31am
Had a chat with a couple of buddies working in finance who threw a few hundred euro into the cryptocurrency craic at the start of the year. One was showing me the app with charts of the various currencies he bought. Some of them increased in value at a steady rate and others were all over the shop. It appears to be a popular hobby amongst folk in the city of London.

It'll be interesting to see how this will pan out. Personally I'm staying well clear of it.

Edited by colemanY2K - 20 Dec 2017 at 8:39am
"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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Cabra Hoop View Drop Down
Roy Keane
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Dropping quicker than a Benburb Street brazzer at the moment..........
" BFC always gives me a laugh........ "
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Deane View Drop Down
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Originally posted by Cabra Hoop Cabra Hoop wrote:

Dropping quicker than a Benburb Street brazzer at the moment..........
 
A lot of people selling for some extra money for Christmas perhaps
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Whelo79 View Drop Down
Davey Langan
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Most likely. Although it is the 5th time it's value has dropped by 30% or more this year so nothing major to worry about.
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Zinedine Kilbane 110 View Drop Down
Jack Charlton
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Originally posted by Deane Deane wrote:

Originally posted by Cabra Hoop Cabra Hoop wrote:


Dropping quicker than a Benburb Street brazzer at the moment..........

 
A lot of people selling for some extra money for Christmas perhaps


No

Said people would probably hold 1% of the total market value of bitcoin.

Some of the big players are probably taking some money off the table.

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Zinedine Kilbane 110 View Drop Down
Jack Charlton
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Bitcoin back up to $18K this week.... previous highs was around $19k and then dropped to below $4k in 2019.
It’s up over 40% in the last month as PayPal said it would use this currency in 2021.

If PayPal gets onto Bitcoin it could force others to do the same.

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Zinedine Kilbane 110 View Drop Down
Jack Charlton
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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....

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Shedite View Drop Down
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Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Bitcoin back up to $18K this week.... previous highs was around $19k and then dropped to below $4k in 2019.
It’s up over 40% in the last month as PayPal said it would use this currency in 2021.

If PayPal gets onto Bitcoin it could force others to do the same.

Seems to be a lot more mainstream this time around, hearing every bank going and investment funds are buying it. Might be here to stay afterall
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gmfc90 View Drop Down
Liam Brady
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I have xrp. Went from 25c a coin to 47c a coin as of an hour ago. Serious jump. Have 166 coins bought when they were at 17c a coin. Handy little profit
Danger here, OH NO
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Zinedine Kilbane 110 View Drop Down
Jack Charlton
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Originally posted by gmfc90 gmfc90 wrote:

I have xrp. Went from 25c a coin to 47c a coin as of an hour ago. Serious jump. Have 166 coins bought when they were at 17c a coin. Handy little profit

It’s up over 80% this week...
What’s driving it?

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gmfc90 View Drop Down
Liam Brady
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Points: 1151 		Post Options Post Options   Thanks (0) Thanks(0)   Quote gmfc90 Quote  Post ReplyReply Direct Link To This Post Posted: 23 Nov 2020 at 2:47pm
Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by gmfc90 gmfc90 wrote:

I have xrp. Went from 25c a coin to 47c a coin as of an hour ago. Serious jump. Have 166 coins bought when they were at 17c a coin. Handy little profit


It’s up over 80% this week...
What’s driving it?


Would love to know. Could be off the back of what's going on with bitcoin
Danger here, OH NO
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Shedite View Drop Down
Jack Charlton
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Points: 9819 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Shedite Quote  Post ReplyReply Direct Link To This Post Posted: 23 Nov 2020 at 2:49pm
Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by gmfc90 gmfc90 wrote:

I have xrp. Went from 25c a coin to 47c a coin as of an hour ago. Serious jump. Have 166 coins bought when they were at 17c a coin. Handy little profit

It’s up over 80% this week...
What’s driving it?
It's speculation driving most of them at the moment. Bitcoin seem to have some established hands, but there's loads of spinoffs. I'm in Ethereum myself (as well as Bitcoin)
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Trap junior View Drop Down
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Points: 39806 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Trap junior Quote  Post ReplyReply Direct Link To This Post Posted: 23 Nov 2020 at 2:50pm
Bhobcoin up to record levels too
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Liam Brady
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Originally posted by Trap junior Trap junior wrote:

Bhobcoin up to record levels too

Paytoncoin in a state of unpredictable flux
Danger here, OH NO
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