Bitcoin

Money, investing, mutuals etc
gle1975
Posts: 150
Joined: Mon Aug 23 2010 11:43am
Has thanked: 103 times
Been thanked: 133 times
Contact:

Re: Bitcoin

Post by gle1975 » Thu May 13 2021 9:23am

planteria wrote:
Wed May 12 2021 11:32am
so you were in early. what's it worth now? and what are you going to do with it?
I'll keep it for fun.

It's worth about £1500. It was always about $0.0001 as doge as it was just a fun project. Then this year it went up to $0.10, then with all the Elon Musk thing it went up to $0.70.

I don't own any other cryptocurrency. but have been reading about it. There are lots of other good alternatives to bitcoin to invest a few pounds in. Maybe Imutual should have a cryptocurrency investment club?

There are also things called "shitcoins" (joke coins like dogecoin) which people are making money off at the moment.
Thanked by: blythburgh

Richard Frost
Posts: 11714
Joined: Tue Jun 29 2010 8:14pm
Location: The Isle of Dreams
Has thanked: 2547 times
Been thanked: 5969 times
Contact:

Re: Bitcoin

Post by Richard Frost » Thu May 13 2021 9:55am

I read that since Elon Musk announced he was stopping accepting Bitcoin for purchase (because of his concern for the climate and the energy these thing use to generate themselves) that the value of Bitcoin has dropped by about 10%.

For the record, I do not have any.
Thanked by: blythburgh

planteria
Posts: 5725
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 397 times
Been thanked: 1269 times
Contact:

Re: Bitcoin

Post by planteria » Thu May 13 2021 12:37pm

the main news i take from Musk's statement is that they're committed to holding the Bitcoin they have..

and yet the plan to stop accepting it as payment has caused the drop. it's amazing how much influence he has. he's playing to the audience re green energy, but it will play out favourably for Bitcoin anyway. green and, in many cases, waste energy is increasingly providing the supply of new Bitcoin.

fwiw if i had dogecoin on a nice profit i'd be exchanging it for bitcoin at the current £35k/coin.

"good alternatives to bitcoin" is a big subject - there's nothing really like it. fwiw i've looked at buying some Ethereum, but i decided to just stack a bit more Bitcoin instead. latest slice is generating 6.1%.
Thanked by: blythburgh

Sarah
Posts: 3677
Joined: Sat Jun 26 2010 10:01am
Has thanked: 288 times
Been thanked: 2785 times
Contact:

Re: Bitcoin

Post by Sarah » Wed May 19 2021 5:20pm

"Bitcoin falls further as China cracks down on crypto currencies"
https://www.bbc.co.uk/news/business-57169726

"Bitcoin plunges on fears of regulatory crackdown"
https://www.ft.com/content/c4c29bb3-c8e ... 33dc531acb
Thanked by: blythburgh

planteria
Posts: 5725
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 397 times
Been thanked: 1269 times
Contact:

Re: Bitcoin

Post by planteria » Thu May 20 2021 11:50am

currently £28,500. a buy for me.

Sarah
Posts: 3677
Joined: Sat Jun 26 2010 10:01am
Has thanked: 288 times
Been thanked: 2785 times
Contact:

Re: Bitcoin

Post by Sarah » Wed May 26 2021 5:55pm

"Iran bans cryptocurrency mining for 4 months amid power cuts"
https://www.reuters.com/technology/iran ... 021-05-26/

planteria
Posts: 5725
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 397 times
Been thanked: 1269 times
Contact:

Re: Bitcoin

Post by planteria » Thu May 27 2021 10:02am

Reuters are mad for it :)..
they have made some real effort to re-hash old stories to spread fud re Bitcoin.
Last edited by planteria on Thu May 27 2021 10:33am, edited 1 time in total.

Sarah
Posts: 3677
Joined: Sat Jun 26 2010 10:01am
Has thanked: 288 times
Been thanked: 2785 times
Contact:

Re: Bitcoin

Post by Sarah » Thu May 27 2021 10:28am

I saw the story first via the FT then searched for it elsewhere because of their paywall.

planteria
Posts: 5725
Joined: Tue Nov 23 2010 4:52pm
Location: England
Has thanked: 397 times
Been thanked: 1269 times
Contact:

Re: Bitcoin

Post by planteria » Thu May 27 2021 10:41am

ok. the UK broadsheets will regurgitate Reuters 'news' regardless of whether it's new news or old news.

wasn't aware of Iranian action against bitcoin, but if you lived in Tehran would you hold some Bitcoin, or leave all your assets in rial with an inflation rate of 30%+ and rising?

Sarah
Posts: 3677
Joined: Sat Jun 26 2010 10:01am
Has thanked: 288 times
Been thanked: 2785 times
Contact:

Re: Bitcoin

Post by Sarah » Fri May 28 2021 4:01pm

Suspected cannabis farm turns out to be a bitcoin mine...
https://www.bbc.co.uk/news/uk-england-b ... m-57280115
Thanked by: blythburgh

Post Reply

Who is online

Users browsing this forum: No registered users and 0 guests