LauraH Posted April 27, 2017 Share Posted April 27, 2017 Anyone familiar with the "cryptocurrency" Bitcoin? It confuses the hell out of me but i was clearing up my inbox at the weekend and came across an email from 2012 regards a bitcoin purchase i made for £4 (i vaguely remember buying a coin but had 2 children since then so my brain's reset itself). After much faffing i finally logged into the Bitcoin "wallet" and i actually have 0.7 of a coin which is apparently now worth $900 - https://blockchain.info/markets Anyone else got a bitcoin?????? I have no idea how to cash it in and don't think i will (just yet) anyway for the £4 it cost. Link to comment Share on other sites More sharing options...
Animal is a Ram Posted April 27, 2017 Share Posted April 27, 2017 Bitcoin works much like other currency, but you don't have it as cold hard cash. Naturally, as its use has become more widespread, its value has rocketed against the dollar/pound/yen doubling in 6 months. If you want to cash in, its just like exchanging travel money, just have to find an online exchange that deals in bitcoin. https://www.bitpanda.com/ for example Link to comment Share on other sites More sharing options...
LesterRam Posted April 27, 2017 Share Posted April 27, 2017 I bet you wish you bought a few more of those bad boys @ £4 a pop they used to have electronics sites that accepted bitcoins as currency, not sure if they still do.. Link to comment Share on other sites More sharing options...
Stive Pesley Posted April 27, 2017 Share Posted April 27, 2017 Depends on how much you need spare cash. The value at the moment is about the best it has ever been. I had a mate who was in a similar position and he sold his around thar spike in late 2013. He was pretty pleased with himself when he watched the value tank over the next two years. But if he'd hung in there he'd have made even more. Most speculators don't like XBT as its too volatile. If it were me, I'd get rid and have a holiday Link to comment Share on other sites More sharing options...
rynny Posted May 4, 2017 Share Posted May 4, 2017 On 2017-4-27 at 15:05, LauraH said: Anyone familiar with the "cryptocurrency" Bitcoin? It confuses the hell out of me but i was clearing up my inbox at the weekend and came across an email from 2012 regards a bitcoin purchase i made for £4 (i vaguely remember buying a coin but had 2 children since then so my brain's reset itself). After much faffing i finally logged into the Bitcoin "wallet" and i actually have 0.7 of a coin which is apparently now worth $900 - https://blockchain.info/markets Anyone else got a bitcoin?????? I have no idea how to cash it in and don't think i will (just yet) anyway for the £4 it cost. Might be of interest to you. http://m.derbytelegraph.co.uk/first-bitcoin-atm-in-the-east-midlands-installed-at-convenience-store-in-allenton/story-30310299-detail/story.html Link to comment Share on other sites More sharing options...
Stive Pesley Posted May 4, 2017 Share Posted May 4, 2017 14 minutes ago, rynny said: Might be of interest to you. http://m.derbytelegraph.co.uk/first-bitcoin-atm-in-the-east-midlands-installed-at-convenience-store-in-allenton/story-30310299-detail/story.html Ha - I saw that at lunch. The Crypto Cyber Warriors of Allenton are well in there. Nowt to do with buying mamba off the dark net eh? Link to comment Share on other sites More sharing options...
GeneralRam Posted May 4, 2017 Share Posted May 4, 2017 I made a couple of thousand in bitcoin a few years ago. I bought at around £12/13 and sold them at £150-200 before the crash. I don't fancy getting into it again. I've had my fun Link to comment Share on other sites More sharing options...
Stive Pesley Posted September 13, 2017 Share Posted September 13, 2017 Just read this https://www.theregister.co.uk/2017/09/13/north_korea_swells_war_chest_with_bitcoin Whether true or not I've long had the feeling that the expansion of Bitcoin as a workable currency goes against too many interests in the world economy. This may or may not be a pretext to shutting it down or making it is discredited. If I had any bitcoins right now (and I don't) I'd probably cash out fairly soon Link to comment Share on other sites More sharing options...
Mostyn6 Posted December 15, 2017 Share Posted December 15, 2017 On 27/04/2017 at 15:05, LauraH said: Anyone familiar with the "cryptocurrency" Bitcoin? It confuses the hell out of me but i was clearing up my inbox at the weekend and came across an email from 2012 regards a bitcoin purchase i made for £4 (i vaguely remember buying a coin but had 2 children since then so my brain's reset itself). After much faffing i finally logged into the Bitcoin "wallet" and i actually have 0.7 of a coin which is apparently now worth $900 - https://blockchain.info/markets Anyone else got a bitcoin?????? I have no idea how to cash it in and don't think i will (just yet) anyway for the £4 it cost. A bitcoin was worth £320 on April 27th. Right now, it's worth £13271!! Your 0.7 would be worth £9290 now! please tell me you kept it! Link to comment Share on other sites More sharing options...
Mostyn6 Posted December 15, 2017 Share Posted December 15, 2017 On 04/05/2017 at 16:33, GeneralRam said: I made a couple of thousand in bitcoin a few years ago. I bought at around £12/13 and sold them at £150-200 before the crash. I don't fancy getting into it again. I've had my fun Oh mate.... Link to comment Share on other sites More sharing options...
ramit Posted December 15, 2017 Share Posted December 15, 2017 A friend bought 100 bitcoins when it was just beginning and threw it away later He doesn't ever want to hear that word again Link to comment Share on other sites More sharing options...
Mostyn6 Posted December 15, 2017 Share Posted December 15, 2017 16 minutes ago, ramit said: A friend bought 100 bitcoins when it was just beginning and threw it away later He doesn't ever want to hear that word again when you say "threw it away", how so? Link to comment Share on other sites More sharing options...
ramit Posted December 15, 2017 Share Posted December 15, 2017 1 hour ago, Moist One said: when you say "threw it away", how so? i have no idea how these things work, but apparently he upgraded his computer and the coins were on the hard drive that he threw away Link to comment Share on other sites More sharing options...
alexxxxx Posted December 15, 2017 Share Posted December 15, 2017 Yeah I heard about it years ago and didn't buy because I thought it was a bit culty and it was full of scammers back then. When the big players liquidate the asset after it stops growing it'll collapse. Bitcoin is utterly useless as a form of payment - if it is ever a real currency it'll have to be done separately as a form of free currency and 'cleared' through banks. Link to comment Share on other sites More sharing options...
Carnero Posted December 15, 2017 Share Posted December 15, 2017 "Henk" on talk sport keeps saying that the Bitcoin bubble will soon burst, so just make sure that you're off the carousel before it stops! Link to comment Share on other sites More sharing options...
LauraH Posted December 16, 2017 Author Share Posted December 16, 2017 I kept hold of it in the end and also bought a Litecoin and Ethereum coin, both of which have shot up 200-400% since i bought them. I know it's a gamble but the BTC cost me £4, the LTC £38 and the ETH was the most expensive at £200. I sold some Bitcoin last week which more than covered the original investment and will now wait and see what happens before deciding when to sell more. The bubble has been about to burst for the past year. Link to comment Share on other sites More sharing options...
LauraH Posted December 16, 2017 Author Share Posted December 16, 2017 16 hours ago, Moist One said: please tell me you kept it! Only because i didn't know how to sell it until quite recently Link to comment Share on other sites More sharing options...
GeneralRam Posted December 16, 2017 Share Posted December 16, 2017 21 hours ago, Moist One said: Oh mate.... It could have easily gone the other way, I'm not annoyed about it. Link to comment Share on other sites More sharing options...
Mostyn6 Posted December 18, 2017 Share Posted December 18, 2017 On 12/16/2017 at 11:35, LauraH said: I kept hold of it in the end and also bought a Litecoin and Ethereum coin, both of which have shot up 200-400% since i bought them. I know it's a gamble but the BTC cost me £4, the LTC £38 and the ETH was the most expensive at £200. I sold some Bitcoin last week which more than covered the original investment and will now wait and see what happens before deciding when to sell more. The bubble has been about to burst for the past year. you're a right little goldmine you are! Are you married? Link to comment Share on other sites More sharing options...
mozza Posted December 18, 2017 Share Posted December 18, 2017 8 hours ago, Moist One said: you're a right little goldmine you are! Are you married? I want an invite. Link to comment Share on other sites More sharing options...
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