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Topic: Anyone bought BitCoin?  (Read 2006 times)

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Anyone bought BitCoin?
« on: November 23, 2017, 10:23:56 AM »
I've been reading a lot about BitCoin lately and I'm thinking of buying some. Anyone else got experience?

I've been watching it for something like 10 years now and it just goes up.  If I had bought then, I would have made a lot of money.  Seems like it's a bit trendy now so may not be the best time to jump on.


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Re: Anyone bought BitCoin?
« Reply #1 on: November 23, 2017, 11:50:36 AM »
I've been reading a lot about BitCoin lately and I'm thinking of buying some. Anyone else got experience?

I've been watching it for something like 10 years now and it just goes up.  If I had bought then, I would have made a lot of money.  Seems like it's a bit trendy now so may not be the best time to jump on.

I've considered it, but I posted to my Facebook asking about it and the author of "Attack of the 50 Foot Blockchain" said:

Quote
"summary: you can make money in cryptos! but unless you're seriously that good as a trader ... you'll be the one the first guys make their money from. It's a zero-sum game of poker in a crooked casino."

It seems like an elaborate ponzi scheme to me. 


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Re: Anyone bought BitCoin?
« Reply #2 on: November 23, 2017, 11:59:28 AM »

It seems like an elaborate ponzi scheme to me.

This.  All day long!

I’m happy to miss out on the opportunity as is seems EASILY collapsible.


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Re: Anyone bought BitCoin?
« Reply #3 on: November 23, 2017, 12:40:18 PM »
A couple of years ago, I considered taking a punt and buying 1 bitcoin when it was at £72.  But I was too lazy to set up the wallet, and I didn't feel like going to so much effort to potentially throw money away, so I didn't bother.  The next time I looked, it had gone up to around £115, and I decided that was too much money to risk. Yes, I'm laughing at myself now.
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Re: Anyone bought BitCoin?
« Reply #4 on: November 23, 2017, 01:40:22 PM »
Now That BitCoin is something like £7000, JF KIMBERLEY could have two kitchens!

Seriously, why would you have to be a seriously good trader when all anyone has to do is buy the stuff and then hold on to it.  The current best advice is to do just that.

I guess I can see the argument for collapsible, but it's been around for a long time.  What would change?


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Re: Anyone bought BitCoin?
« Reply #5 on: November 23, 2017, 01:41:38 PM »
BTW, sorry for writing everyone's name in all caps, I'm using a new keyboard and it seems overly enthusiastic about you all. 


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Re: Anyone bought BitCoin?
« Reply #6 on: November 23, 2017, 09:25:10 PM »
I don't know much about it but my husband bought some years ago and he was just telling me how much their worth now.


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Re: Anyone bought BitCoin?
« Reply #7 on: November 24, 2017, 11:24:45 AM »
I don't know much about it but my husband bought some years ago and he was just telling me how much their worth now.


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Enough to be really happy about?


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Re: Anyone bought BitCoin?
« Reply #8 on: November 24, 2017, 12:16:25 PM »
Enough to be really happy about?

Compared to what he bought them for I’d say yes. But it’s nothing he’s continued to buy


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Re: Anyone bought BitCoin?
« Reply #9 on: November 24, 2017, 02:49:12 PM »
Hmm


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Re: Anyone bought BitCoin?
« Reply #10 on: November 24, 2017, 02:53:16 PM »
I've been thinking of a business where I get really small amounts of  BitCoin (like £3) and put it on a piece of paper and then 3d print a plastic "coin" around it and then sell it on Ebay.  More of a novelty than a serious way to buy BitCoin.  But I just don't have room in my tiny house for a 3d printer.


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Re: Anyone bought BitCoin?
« Reply #11 on: November 24, 2017, 05:27:25 PM »
I've been thinking of a business where I get really small amounts of  BitCoin (like £3) and put it on a piece of paper and then 3d print a plastic "coin" around it and then sell it on Ebay.  More of a novelty than a serious way to buy BitCoin.  But I just don't have room in my tiny house for a 3d printer.

Ha my husband is trying to convince me to get an 3D printer. They are so cool, but would we really use it after the novelty wore off?


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Re: Anyone bought BitCoin?
« Reply #12 on: November 27, 2017, 11:24:36 AM »
Ha my husband is trying to convince me to get an 3D printer. They are so cool, but would we really use it after the novelty wore off?


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My daughter got one of those 3d printing pens a while back.  She got all obsessed watching you tube videos where they made cool things but don't show how the stupid thing jams up every 5 minutes and the stuff you can build is fragile and useless.  She used it a few times and got tired, after convincing me to buy a giant spool of plastic thread. If we ever do get a printer, we've got enough plastic to put in it. 

I have to agree with you, I'm not entirely convinced we would get much use out of it either.  You can steal my idea for bit coin coins, I  don't mind.


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Re: Anyone bought BitCoin?
« Reply #13 on: November 27, 2017, 01:03:23 PM »
I just bought £5 worth of BTC, and paid £1 for the privilege.  I'm going to try to buy a coffee with it this afternoon.


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Re: Anyone bought BitCoin?
« Reply #14 on: November 27, 2017, 02:47:15 PM »
Bitcoin just hit $9600!!!

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