Reply With QuoteEach Bitcoin is divided in 100,000,000. One hundred million Satoshis.Originally Posted by chris lee
Just buy as much as you want.
Pointless buying less than £100 as you get charged to buy.
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if a bit coins costs £6k or whatever it is, does that mean my minimum investment has to be that amount.
surely you can not buy a 1/10 of a coin ?
Each Bitcoin is divided in 100,000,000. One hundred million Satoshis.
Just buy as much as you want.
Pointless buying less than £100 as you get charged to buy.
You could buy as much or as little as you want. Just remember, you're not talking about a physical coin here. So, if you bought £20 worth it would show up in your Bitcoin account as 0.00001 (or something like that, but I think you get the picture!).
I think this is a pretty fair assesment as I don't think it has seeped into everyday use at all. I don't think alwaysaway is trying to lure people in though, he is just excited.
I'm still holding tulips.
You have to speculate to accumulate. Oh yes, and get a lot of others (future losers) to inflate the bubble.
They are starting to wilt a bit though.
Not sure about the wilting comment. Bitcoin is up 11% today and has set a new all-time high of above $11,000.
I find it amazing that it has increased in value 11-fold this year, and that a 1kb computer file can be worth so much.
PS Is anyone else busy sending begging PMs to AlwaysAway2?
Can you bet against Bitcoin yet?
I've got some stored offline from when I mined them years ago, I can't remember where though
Always Away, being purely a big nose, what price did you make your first purchases at?
Only bought on two occasions.
3 at average of £300 December 2015.
4 more in August this year at £3,250 average.
I bought the second lot after studying the whole thing properly.
About 3 books. Loads of videos on you tube and with an understanding of what it really is I can see it cannot fail.
It can change price and may crash occasionally but unless the elliptic curve cryptography can be broken it is secure.
I love the independence it provides and it will be adopted totally soon whether governments like it or not.
AHMHO.
I am a total believer.
Never mind all that. Where's the £500 I requested for the emergency op on my foot (or was it an arm?). C'mon, cough up!
$11,000 this time yesterday, $9,300 right now.
How are Bitcoins kept safe? Where are they stored etc.
Is there any chance of them getting hacked or lost?
This won't reassure you.
https://www.cnbc.com/2017/11/08/acci...ty-wallet.html
Once you have bought your Bitcoins or any cryptocurrencies for that matter, you need to store them on what's called a cold storage wallet. You don't actually store the coins onto the wallet, just the keys to the coins - the coins remain on the Blockchain. I use a Ledger Nano S . .. Trezor also make a good one.
You can also get apps on your phone to store your cryptocurrencies, indeed you can even print off a paper wallet.
My Ledger Nano is very secure - even if it's stolen or destroyed I can still recover the keys to my cryptocurrencies.
Rock Flock so pleased to have someone here who knows how it really works.
I use Trezor. Have you got any Litecoin. I am certain they are very undervalued at the moment. Even at £70.
To my mind they are like £1 notes for 20p.
AJMHO
I have never sold BTC and spent close to 10000% of my original starting point in BTC (I still have my original coins). Have i made anything?
The first part is horseshit, for a start a Ponzi and Pyramid are not even the same thing! BTC is neither, nor is always away offering that!Originally Posted by ninianclark View Post
Typical Ponzi scheme if you ask me. All these investors are trying to ramp up the price to encourage people underneath them in the pyramid to invest.
If you have bitcoin and you are utterly convinced of it's value etc - then why would you sell ? - why dont you use it make every day purchases ?, the answer is they wont, they will instead just wait until they think it's about to crash and them sell - and convert it back into £'s
Agree wholeheartedly on the 2nd part, and when they dump i jump in again. I actually bought some last night/today after a correction from 10,000 to 8000. Only 450 euro i had spare but i recently donated a few 1000 euro equivalent to a defence fund and a start up through crowd funding that looked amazing.
Not scared to go in again when these corrections happen (they are not crashes) even when its rocking around the 15,000 20,000 mark and beyond.
peace, see you on the streets!
Bitcoin reached another new high earlier this evening to around $11,800 then dropped to $10,600 in the space of 20 minutes for no obvious reason before it emerged the UK Treasury is planning to regulate crypto currencies. It's back up to $11,100 presently.
Treasury crackdown on Bitcoin over concerns it is used to launder money and dodge tax - http://www.telegraph.co.uk/news/2017...g-tax-dodging/
I haven't bough any Litecoin or Bitcoin - I have 5.7 of Ethereum. I remember when I first thought about buying cryptocurrencies, Litecoin was at about 19GBP and was remaining fairly flat ... just a few pence rise or fall each day, nothing to grab the attention really. At that same time, Ethereum had reached an all-time high of 320GBP. It then dipped quite dramatically and so I bought in at 180GBP; 170GBP and finally 145GBP, feeling very pleased with myself at the time (it actually went down to 97GBP on Coinbase).
My biggest regret is not being in a position to buy Bitcoin when it plummeted to 1,370GBP during the summer ... it had dropped from around 2,400GBP in the space of about 48hrs (Coinbase charts will show it only dropped to 1,450GBP but that's because their charts only use a 2hr average price, the same with the Ethereum low of 97GBP).
I did my research on Ethereum and the consensus was that it actually out performs Bitcoin when it comes to the process of completing smart contracts - it's a lot quicker and cheaper. Both the Indian and Russian governments were said to be keen on its use too. However, Bitcoin continues to rise, I think quite simplistically because when newbies look to buy cryptocurrencies it's the only thing (Bitcoin) that they're aware of, so they buy it, Bitcoin also gets advertised a hell of a lot more in the media and banner advertising on the Internet.
I would say that most people, who buy Bitcoin, do so to hold on to it as an investment and not to use in any smart contracts. The frustrating thing for someone like myself, who is holding Ethereum, is that it is heavily influenced by Bitcoin (as is Litecoin too!). Take a look at the respective charts of those three coins and you'll notice they mirror Bitcoin's movement, they rarely move independently it would seem.
I want to try my hand at buying some Initial Coin Offerings (ICO's). It can be a bit of a minefield but it's where the big profits can be made.
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Bitcoin governs the price of other cryptocurrencies!
It's a socialist revolution
Are you thinking of the 'petro'?
https://www.theguardian.com/world/20...de-maduro-says
And no - not a socialist revolution, but maybe a sign of the cryptocurrency times.
Question for those who do this - Say you buy a bitcoin today at £8500 but then decide you want to sell it shortly afterwards - for argument's sake let's say the market hasn't moved and the value is still £8500.
It seems to me that the selling price is always a good few hundred lower than the buy price so you would need the overall price to go up £3 - 400 before you can even break even. Is this correct or am I missing something? I'm looking on localbitcoins.com.
In the case that you only want to buy and then sell part of a bitcoin, this then becomes much more difficult when you factor in fees etc. I don't quite get how people can buy low and sell high, when there's such a discrepancy between the two prices, unless you're spending massive amounts (and banking on the price rising significantly)...
Is it better to do this on an exchange like coinbase or somewhere like that?
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