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Bitcoin - Anybody got any? on 07:35 - Jan 18 by sketty_jack
More like $200 billion but recovering now.
Apocalyptic.
Seems the. Central Banks were worried about the price rise so they sold it on Wall Street recently and thats whats caused the crash in cryptocurrencies.
PROUD RECIPIENT OF THE THIRD PLANET SWANS LIFETIME ACHIEVEMENT AWARD.
"Per ardua ad astra"
Most of the nerds on the bitcoin forum are blaming the impending Chinese New Year. The Chinks are the biggest holders of BTC and tend to cash out on the run up. Happens every year apparently.
I'm 10% down at present but must admit my arse is beginning to itch a bit.
AMOW
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Bitcoin - Anybody got any? on 13:04 - Feb 5 with 6583 views
It's below 8,000 now it's around 7,650 as I type...I mentioned the 8,000 figure because it was seen as a 'support' level by many i.e. a level that it would not drop below.
Crazy times? Exciting times? Roller Coaster ride times? I'm hooked watching it unfold and I don't even have any money invested in it. https://www.etoro.com/markets/btc
[Post edited 5 Feb 2018 13:21]
Argus!
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Bitcoin - Anybody got any? on 15:20 - Feb 5 with 6532 views
Bitcoin - Anybody got any? on 15:20 - Feb 5 by Lord_Bony
Seems everything is against it now. The big central banks don't want this thing catching on so they will destroy it.
JP Morgan amongst others are forbidding customers to buy it with their credit cards.
Some say it will go back up but with the banks and governments even stepping in,it does nt look likely...should have cashed out at the top.
Yeah agree, 100% bang on! It's a case of events conspiring against Bitcoin. A prime example i.e. within the last 24 hrs Lloyds Bank refusing to have anything to do with it.
A similar situation has happened here to what would usually happen with a share price regarding a FTSE company when 'bad-news' or a 'profit-warning' comes out.
You can still buy it with a Lloyds debit card just not credit cards. It's to protect them against people spending £20,000 on a few bitcoins or 1.5 a few months back. The price then halves and then unable to pay it back, claim bankruptcy and Lloyds pick up the bill.
There must have been a few like this to put this out. Or are they really against it that much?
Just call me JFK
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Bitcoin - Anybody got any? on 17:23 - Feb 5 with 6452 views
Bitcoin - Anybody got any? on 15:49 - Feb 5 by Kennedy
You can still buy it with a Lloyds debit card just not credit cards. It's to protect them against people spending £20,000 on a few bitcoins or 1.5 a few months back. The price then halves and then unable to pay it back, claim bankruptcy and Lloyds pick up the bill.
There must have been a few like this to put this out. Or are they really against it that much?
I am one of the last type of individuals in the world to be a conspiracy theorist but even if government's, financial-establishment or 'the-capitalist-system' are not involved with strategy/actions to see off Bitcoin?..... I'd bet they'd love to see the back of it?.... And?..... Possibly this talk and suggestion of future government regulation is a way of seeing to that? Perhaps it's just my personal perception but Cryptocurrency is rather 'anti-establishment'?
Thanks for telling me about the Lloyds Bank situation I did not realise it only applied to credit cards....A good thing to protect both banks and people IMO!
Argus!
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Bitcoin - Anybody got any? on 18:38 - Feb 5 with 6408 views
Bafin, the German Financial Supervisory Authority recently wrote to all accountancy firms in Germany informing of the risk of investing in Bitcoins. A message they clearly expected would be passed on to those firms' clients.
You're either in or out but the only way this is going long term in my opinion is up.
There's been so much FUD in the last few months it's unreal. The whole world is digital so is it so unbelievable to think that currency will go the same way? Most people thought email was ridiculous when it started.
In two years time compare what you would have made leaving your money in the bank or investing in Crypto.
I am not a financial adviser and this is not financial advice.
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Bitcoin - Anybody got any? on 09:06 - Apr 9 with 5503 views
Bitcoin - Anybody got any? on 23:48 - Apr 8 by skacrazy
You're either in or out but the only way this is going long term in my opinion is up.
There's been so much FUD in the last few months it's unreal. The whole world is digital so is it so unbelievable to think that currency will go the same way? Most people thought email was ridiculous when it started.
In two years time compare what you would have made leaving your money in the bank or investing in Crypto.
I am not a financial adviser and this is not financial advice.
I can't see the entire market cap reaching what it was around the new year. Seemed massively overvalued for something that doesn't really do anything (didn't stop me buying in though). That's not to say there's no future in blockchain technology, but its far from being a usable product, transactions take forever, far too volatile and costly in terms of energy used per transaction and and there's very little that's unique to any of the currencies as there are so many now. Maybe the crypto equivalent of google, amazon, Uber, Apple will emerge and that horse will be worth backing, but that probably won't be bitcoin in its current form.
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Bitcoin - Anybody got any? on 23:31 - Apr 9 with 5367 views
Bitcoin - Anybody got any? on 09:06 - Apr 9 by Batterseajack
I can't see the entire market cap reaching what it was around the new year. Seemed massively overvalued for something that doesn't really do anything (didn't stop me buying in though). That's not to say there's no future in blockchain technology, but its far from being a usable product, transactions take forever, far too volatile and costly in terms of energy used per transaction and and there's very little that's unique to any of the currencies as there are so many now. Maybe the crypto equivalent of google, amazon, Uber, Apple will emerge and that horse will be worth backing, but that probably won't be bitcoin in its current form.
It might take some time but I can see it eclipsing the high of last year. Being able to exchange value across the internet peer to peer as easy as sending an email is a pretty big deal. No-one knows what the future will bring but there is so much going on in this space that something huge will likely come from it. Bitcoin has the advantage that pretty much everyone on the planet has heard of it. If it does get overtaken by something else then I don't think it will disappear. Lightning is already being tested to improve transaction speeds and there are alternative consensus algorithms that are cheaper. Like you say though any big changes like moving from POW to POS will likely cause a fork so it wouldn't be Bitcoin in it's current form. I'm still bullish overall but this recent bear run is testing the faith :-)
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Bitcoin - Anybody got any? on 10:24 - Apr 13 with 5217 views
Maybe this short rise will get the hype back into crypto. Apparently Global internet searches for the word "bitcoin" has fallen over 80% from December. Bitcoin's average daily trading volume this month is around 70% lower than the most active days last December.
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Bitcoin - Anybody got any? on 12:06 - Jun 26 with 2382 views
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