Bitcoin and other Cryptocurrencies

Money, investing, mutuals etc

Re: Bitcoin and other Cryptocurrencies

Postby pabenny » Tue Aug 08, 2017 1:37 pm

underfog wrote:For the brave there is money to be made.


How?

Bitcoin holdings produce no income, so (obviously) you make money by buying and the reselling when the price is higher.

But how do you know when is a good time to buy? Presumably not now given that the price has recently gone up from about $2000 to about $3500.

And what are the dealing and holding costs?

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Re: Bitcoin and other Cryptocurrencies

Postby planteria » Wed Aug 09, 2017 7:20 am

good questions pabenny

i haven't ventured into cryptocurrencies, but i do know people that have made, and are sat on, good money.
Last edited by planteria on Wed Aug 09, 2017 7:53 am, edited 1 time in total.

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Re: Bitcoin and other Cryptocurrencies

Postby blythburgh » Wed Aug 09, 2017 7:51 am

underfog wrote:
blythburgh wrote:
Sarah wrote:It's crazy volatile - you're in for a roller-coaster ride if you get on board!


I do not want to be seasick so not joining this ship


For the brave there is money to be made.


And no doubt lost
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Re: Bitcoin and other Cryptocurrencies

Postby Sarah » Wed Aug 09, 2017 8:35 am

planteria wrote:i do know people that have made, and are sat on, good money.


Are they having any difficulty getting their money back out again? It can be done (there are exchanges, etc) but is less easy than putting money in, as I understand it. Small holders often exit via purchases of goods or gift cards instead of converting directly back to cash.

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Re: Bitcoin and other Cryptocurrencies

Postby Trustee » Tue Sep 12, 2017 8:00 am

This is worth a quick read:
http://uk.businessinsider.com/invest-cr ... ogy-2017-8

Also good article in hardcopy 1-Sept Fortune magazine. Not sure if the online link here is the same.
http://fortune.com/2017/08/22/bitcoin-e ... ocurrency/

Rather than coinage, its .."the TECH behind the currencies which will transform major industries.." I am most interested in.
Some big company trials reported e.g. Maersk, Barclays ..and they say Law Co.s and big insurers will be transformed (or marginalised) by 'smart contracts' using one step, speedier transactions via blockchain tech.

So... in summary I am looking at big mainstream companies that are early adopters of the BCTech or providers to the big co.s. Probably not too many 10x 20x baggers in this segment but risk/reward more acceptable.

T.

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Re: Bitcoin and other Cryptocurrencies

Postby Trustee » Wed Nov 29, 2017 1:05 pm

... has been made .
COIN up +129% in 4 weeks for me. +733% year high for some.
Can it last..

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Re: Bitcoin and other Cryptocurrencies

Postby planteria » Wed Nov 29, 2017 1:18 pm

wow, that is great growth Trustee :thumbup:
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Re: Bitcoin and other Cryptocurrencies

Postby Thunderfog » Wed Nov 29, 2017 4:44 pm

Trustee wrote:... has been made .
COIN up +129% in 4 weeks for me. +733% year high for some.
Can it last..


I would be inclined to put a 3% stop:loss.
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Re: Bitcoin and other Cryptocurrencies

Postby Trustee » Wed Nov 29, 2017 6:48 pm

Wise words Thunderfog... with the swings involved ..more like 10% stop:loss though.

At $10k = 1 bitcoin today. I am going to sell ALL my 'XBT Provider AB Bitcoin Tracker' tomorrow and wait to see if the froth comes off. If Bitcoin (the bell-weather) retraces to $8k I might go back in.

In parallel, acknowledging Coinsilium (COIN) have probably been caught up in the Cryptocurrency fever, I am going to liberate all my capital and hold a free carry. I do this reluctantly as I think COIN is a blockchain and token play story for wider industry application. Not only do they have Terrastream their own Token platform; they have today, invested in buying 30% of Startup token see https://www.finextra.com/pressarticle/7 ... artuptoken
Again, I may top back up if there is an opportunity.

Percentage gains aside. COIN's market cap is just £12m-£13m. There has to be potential acquirers out there with £50m in loose change to buy them out. If not, once they are underway and assuming they don't print lots of shares, I see a £50m business anyway which translates to a 50p share (currently 12-13p).

Just my thoughts.. not a recommendation... you could lose the lot.

Regards
T.
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Re: Bitcoin and other Cryptocurrencies

Postby William Joseph » Wed Nov 29, 2017 7:00 pm

Don't understand a word of it, Far to old methinks.
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