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Bitcoin, Blockchain and Cryptocurrencies
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colemanY2K View Drop Down
Roy Keane
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Originally posted by randyrandolph randyrandolph wrote:

Originally posted by Deane Deane wrote:


Probably a good time to invest


no it's not. it's really really not. i have been and will continuing to be urging people to avoid these things. Most people have absolute no idea what they are investing in. they are massive ponzi schemes and people should not be risking money they cant afford to lose.

sure if you have 10k to waste and fancy a punt it could go up 500% next year but it doesnt mean it's a good time to invest.

avoid.



I agree with Randy. If you know nothing about the market stay well away.

https://www.economist.com/blogs/buttonwood/2018/01/tales-crypto-1
"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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Originally posted by Bob Hoskins Bob Hoskins wrote:

Gaz what's the brother in law thinking in all of this?

My brother works with a Hungarian guy and he and family members back home had all bought some a few years ago, they sold them in December. Loads of his family got like 100k+, which is an absolute fortune for where they are lving. Great story to hear Thumbs Up

He hasn't sold any and doesn't plan too - said he's in it for the long haul. 

I reckon he's missed his chance and will end up losing money by the time he sees the light but sure what do I know
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Rather than a savage drop, this looks to me more like a natural re-balancing after unnatural and unrestricted growth.

Possibly a consequence of the availability of futures on these now.

Means you can short bitcoin which keep the price from growing and growing.
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ooh Thomas, how could you do this to me!

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Incidentally, bitcoin mining now uses more electricity than the entire Republic of Ireland. It's hilariously unsustainable.
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You know things aren't right when you go on football forums and receive investment advice from experts
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Originally posted by Gaz Gaz wrote:

Originally posted by Bob Hoskins Bob Hoskins wrote:

Gaz what's the brother in law thinking in all of this?

My brother works with a Hungarian guy and he and family members back home had all bought some a few years ago, they sold them in December. Loads of his family got like 100k+, which is an absolute fortune for where they are lving. Great story to hear Thumbs Up

He hasn't sold any and doesn't plan too - said he's in it for the long haul. 

I reckon he's missed his chance and will end up losing money by the time he sees the light but sure what do I know
Can't remember if i posted this one but one of the lads in our department at work bought €20,000 of bitcoin , i think in 2013 ( fecking huge amount of cash for Joe Soaps like myself ) and at Christmas it was worth 1.2 million euro . 
Now to cash  it he would have had to pay taxes of 400,000 in Ireland but said to hell with that as he flew out to Panama last Sunday for a year ( i think ) where he will get to keep it all . 
Great story everyone was so happy for him just like someone winning the lottery who you know . 
Lansdowne Road debut aged 52 and 201 days .
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randyrandolph View Drop Down
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Originally posted by Claret Murph Claret Murph wrote:

Originally posted by Gaz Gaz wrote:

Originally posted by Bob Hoskins Bob Hoskins wrote:

Gaz what's the brother in law thinking in all of this?

My brother works with a Hungarian guy and he and family members back home had all bought some a few years ago, they sold them in December. Loads of his family got like 100k+, which is an absolute fortune for where they are lving. Great story to hear Thumbs Up


He hasn't sold any and doesn't plan too - said he's in it for the long haul. 

I reckon he's missed his chance and will end up losing money by the time he sees the light but sure what do I know
Can't remember if i posted this one but one of the lads in our department at work bought €20,000 of bitcoin , i think in 2013 ( fecking huge amount of cash for Joe Soaps like myself ) and at Christmas it was worth 1.2 million euro . 
Now to cash  it he would have had to pay taxes of 400,000 in Ireland but said to hell with that as he flew out to Panama last Sunday for a year ( i think ) where he will get to keep it all . 
Great story everyone was so happy for him just like someone winning the lottery who you know . 


This story is not going to end well for your friend. By the time he manages to pull his cash out he’ll barely be able to afford the plane ticket home.
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Originally posted by Claret Murph Claret Murph wrote:

Originally posted by Gaz Gaz wrote:

Originally posted by Bob Hoskins Bob Hoskins wrote:

Gaz what's the brother in law thinking in all of this?

My brother works with a Hungarian guy and he and family members back home had all bought some a few years ago, they sold them in December. Loads of his family got like 100k+, which is an absolute fortune for where they are lving. Great story to hear Thumbs Up


He hasn't sold any and doesn't plan too - said he's in it for the long haul. 

I reckon he's missed his chance and will end up losing money by the time he sees the light but sure what do I know
Can't remember if i posted this one but one of the lads in our department at work bought €20,000 of bitcoin , i think in 2013 ( fecking huge amount of cash for Joe Soaps like myself ) and at Christmas it was worth 1.2 million euro . 
Now to cash  it he would have had to pay taxes of 400,000 in Ireland but said to hell with that as he flew out to Panama last Sunday for a year ( i think ) where he will get to keep it all . 
Great story everyone was so happy for him just like someone winning the lottery who you know . 


http://www.cityam.com/277415/spot-symptoms-stay-sane-and-run-bitcoin-bubble/amp?__twitter_impression=true

I read this article only today. Look at Symptom Number 3
"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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Butch View Drop Down
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Always hear a story of a lad who knows a lad who pulled a heap of money from bitcoin . The same lad who got this fortune is still the barman and still pulling pints and pulling the lads legs who believe him
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Originally posted by randyrandolph randyrandolph wrote:

Originally posted by Deane Deane wrote:

Probably a good time to invest

no it's not. it's really really not. i have been and will continuing to be urging people to avoid these things. Most people have absolute no idea what they are investing in. they are massive ponzi schemes and people should not be risking money they cant afford to lose.

sure if you have 10k to waste and fancy a punt it could go up 500% next year but it doesnt mean it's a good time to invest.

avoid.


doesn't cost 10k to invest, can play with v small cash.
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Zinedine Kilbane 110 View Drop Down
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Originally posted by Trap junior Trap junior wrote:

You know things aren't right when you go on football forums and receive investment advice from experts

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Claret Murph View Drop Down
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Hmmm, Goodness, I must say

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Originally posted by Butch Butch wrote:

Always hear a story of a lad who knows a lad who pulled a heap of money from bitcoin . The same lad who got this fortune is still the barman and still pulling pints and pulling the lads legs who believe him
Yer I know but fair play to this lad at work as he has taken a year out as it's allowed where I work as he said " you know just in case things went pair shaped I would still have a job to come back to " then he winked at me .Big smileBig smileBig smileBig smileBig smile
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Originally posted by colemanY2K colemanY2K wrote:

Originally posted by Claret Murph Claret Murph wrote:

Originally posted by Gaz Gaz wrote:

Originally posted by Bob Hoskins Bob Hoskins wrote:

Gaz what's the brother in law thinking in all of this?

My brother works with a Hungarian guy and he and family members back home had all bought some a few years ago, they sold them in December. Loads of his family got like 100k+, which is an absolute fortune for where they are lving. Great story to hear Thumbs Up


He hasn't sold any and doesn't plan too - said he's in it for the long haul. 

I reckon he's missed his chance and will end up losing money by the time he sees the light but sure what do I know
Can't remember if i posted this one but one of the lads in our department at work bought €20,000 of bitcoin , i think in 2013 ( fecking huge amount of cash for Joe Soaps like myself ) and at Christmas it was worth 1.2 million euro . 
Now to cash  it he would have had to pay taxes of 400,000 in Ireland but said to hell with that as he flew out to Panama last Sunday for a year ( i think ) where he will get to keep it all . 
Great story everyone was so happy for him just like someone winning the lottery who you know . 


http://www.cityam.com/277415/spot-symptoms-stay-sane-and-run-bitcoin-bubble/amp?__twitter_impression=true

I read this article only today. Look at Symptom Number 3
That article nails it. Lots of us have looked at it, and maybe even a bit enviously, but it is and always was seriously risky. And for everyone that has made an actual cashed out profit there has to be others who pay for it. 
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Originally posted by Gaz Gaz wrote:

Originally posted by Bob Hoskins Bob Hoskins wrote:

Gaz what's the brother in law thinking in all of this?

My brother works with a Hungarian guy and he and family members back home had all bought some a few years ago, they sold them in December. Loads of his family got like 100k+, which is an absolute fortune for where they are lving. Great story to hear Thumbs Up

He hasn't sold any and doesn't plan too - said he's in it for the long haul. 

I reckon he's missed his chance and will end up losing money by the time he sees the light but sure what do I know

I'd be verys surprised if he lost any money, but October/November/December were all superb returns on him selling out, or selling a portion of them at least.

But I like his stance of been in it for the long haul. Gaz's brother in law, the one in the family with a set of balls Clap Clap Clap
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https://www.independent.ie/business/technology/bitcoin-plunge-ends-winklevoss-twins-brief-period-as-billionaires-36503360.html


Quote Still, the twins may not be too concerned. They intend to hold their Bitcoin for the long-term and expect it to “appreciate by 10 to 20 times its current value,” Cameron Winklevoss said in a 8 December interview with Bloomberg.
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WWN today "Children now demanding Communion money in Bitcoin" LOL
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"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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Originally posted by Denis Irwin Denis Irwin wrote:





https://www.independent.ie/business/technology/bitcoin-plunge-ends-winklevoss-twins-brief-period-as-billionaires-36503360.html


Quote Still, the twins may not be too concerned. They intend to hold their Bitcoin for the long-term and expect it to “appreciate by 10 to 20 times its current value,” Cameron Winklevoss said in a 8 December interview with Bloomberg.









The Toff Twins have the 65m Zuckerburg gave them on top of their parents millions to ease the pain
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