Bitcoin and other Cryptocurrencies

Money, investing, mutuals etc

Re: Bitcoin and other Cryptocurrencies

Postby macliam » Wed Nov 29, 2017 7:36 pm

I have some magic beans.............
Just because I'm paranoid, it doesn't mean they're not out to get me
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Postby William Joseph » Wed Nov 29, 2017 7:44 pm

macliam wrote:I have some magic beans.............
I do not think Magic Beans will make the slightest bit of difference. There is more to life than getting immersed in Bitcoin culture, Magic Beans, Is that something to do with leprechauns?
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Re: Bitcoin and other Cryptocurrencies

Postby expressman33 » Wed Nov 29, 2017 10:49 pm

the bubble will burst
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Re: Bitcoin and other Cryptocurrencies

Postby Trustee » Thu Nov 30, 2017 6:05 am

Who really knows if there will be a tulip moment for cryptocurrencies.

Either way, out of the ashes will come.

    - Lower infrastructure and administration costs for business
    - Smart contracts - removing layers of intermediaries
    - Immediate authenticated data-transfer
    - Business start-up acceleration (and failure)
    - Brand authentication
    - A new way of banking for the masses
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Re: Bitcoin and other Cryptocurrencies

Postby Thunderfog » Thu Nov 30, 2017 6:17 am

Trustee wrote: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.


I see where you are coming from. Fair play - you took the risk and did handsomely well for yourself.

I wish you every success.
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You'll need cheap salt for the snow and ice...
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Re: Bitcoin and other Cryptocurrencies

Postby planteria » Sun Dec 03, 2017 10:40 pm

Trustee, what wallet do you use? what's the best place to hold bitcoin, enabling buying and selling?
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Re: Bitcoin and other Cryptocurrencies

Postby Trustee » Mon Dec 04, 2017 2:27 pm

Planteria,

I don't hold bitcoin or any other cyrptocurrencies directly. I only hold a free carry on Coinsilium (COIN) a NEX listed share. https://www.coinsilium.com/
I also sold all my XBT Bitcoin tracker last week.

Regards.
T

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Re: Bitcoin and other Cryptocurrencies

Postby pabenny » Mon Dec 04, 2017 5:43 pm

expressman33 wrote:the bubble will burst


Undoubtedly. Some people do very well as bubbles inflate. But that doesn't mean they're not bubbles.

And Bitcoin certainly is a bubble. It's value is entirely dependent on what people will pay for it: there is no underlying asset (as there is with any share or bond), there is no government or central bank underwriting the value (as exists with national currencies), there there is no income stream generated to pay a return - any return (as exists with real estate, shares in a business, etc).

Bitcoin is nearest in character to gold with the emotional appeal of a shiny metal replaced by the emotional appeal of the latest tech innovation.

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Re: Bitcoin and other Cryptocurrencies

Postby planteria » Thu Dec 07, 2017 12:39 am

Trustee wrote:I also sold all my XBT Bitcoin tracker last week.


..you'd have made more money if you'd hung on, but 'always leave something for the next man' i suppose.
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Re: Bitcoin and other Cryptocurrencies

Postby planteria » Fri Dec 08, 2017 10:23 am

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