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  #1981  
Old 12-12-2017, 02:43 PM
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Originally Posted by aj4england View Post
bigend, any tips of what platforms to use. Understand you need a cryptocurrency wallet etc to get started.
Firstly let me say I’m not in awayway qualified, I know very little.

I call it cryptogambling for a reason! I had man flu last week and tried out matched betting while I was stuck at home. Made the £400 and decided to see what the bitcoin hype was all about so read a fair bit. Decided to flog a few bits I won’t use so feel like I’ve got a free go.. I wouldn’t put any of my money I budget with into it.

I’ve gone big bet on iota that’s my 100/1 bet!

Eth seems the alternative to bitcoin... the American Express to visa if you like but I figure it’s potentially a new industry like credit cards were and the cheaper alternative could still do well

Lite coin much the same. Both technically improved versions of bitcoin

Iota the revolution that might never get off the ground

Sorry for rambling but don’t want anything to think I know what I’m doing and take advise from me haha! Even if crypto currency doesn’t turn into anything more than a pyramid scam I hope I’m getting in early enough to ride the wave to profit and jump off before it collapses, however I suspect some will become mainstream and most will disappear

Wallets... Coinbase seems the main one in the uk. You can buy bitcoin, Ethereum and litecoin on it. You get a wallet for each when you sign up. 500 max per week for debit/credit cards. Fairly high charges for those. I also did a bank transfer and that took about 24hrs to show

If you want to go away from btc/eth/ltc then you need to move to another exchange. There are loads, the only thing I’d suggest is google reviews etc for them. Some very dodgy, missing payments, missing coins etc..

I went to bitfinex. This is a pain in the arse.. you need to send them documents to verify you before you can deposit or withdraw cash and it takes 2/3 weeks.. however.. once you’ve registered for the basic account you can send bitcoin etc to bitfinex the same day and this is available quickly for you to trade on the exchange, just get the full registration done so you can get your money back when you want it. You need several Id’s, bank statements, even a selfie specifically for bitfinex to do the full verification. I’m still waiting for that to get approved.

Bitfinex seems to have most of the coins. They are the only one I found that had iota and that’s the one that I’ve my eye on as the dark horse.
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  #1982  
Old 12-12-2017, 02:49 PM
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Oh and nothing is nice and simple in one place. I joined CoinTracking.

Itís fairly straight forward, you download reports from your wallets following the instructions on cointracking and with a little editing you get all of your investments from all of you wallets in one place at the price you paid being tracked for you so you can instantly go and see an overview of everything in real time
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  #1983  
Old 12-12-2017, 02:50 PM
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Thanks for your help! I am aware of how it works kind of just not the systems that are being used and safest etc. Have friends who work in the city who are in on IOTA.
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  #1984  
Old 12-12-2017, 02:54 PM
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It's been calculated that it takes USD 1,700 of computer power to mine 1 bitcoin. That gives you some idea how over inflated the market is.
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  #1985  
Old 12-12-2017, 02:56 PM
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Quote:
Originally Posted by LLCOOLSTEVE View Post
I cashed my stake so Iím free rolling

Just got to work out how to get my cash from Coinbase
Can only withdraw in Euro's - it's a ballache.
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  #1986  
Old 12-12-2017, 03:02 PM
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Got a wallet with block chain. Seems ok.
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  #1987  
Old 12-12-2017, 03:04 PM
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Looking at Hargreaves Lansdown and about 8.5% of the value of all buys and sells were for two Bitcoin related certificates in the past week: To view the link you have to Register or Login.

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  #1988  
Old 12-12-2017, 03:07 PM
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Quote:
Originally Posted by gilesy14 View Post
Can only withdraw in Euro's - it's a ballache.

Got to make a bank transfer first which costs and then can withdraw back to bank

Canít withdraw to debit card
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  #1989  
Old 12-12-2017, 03:23 PM
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immoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimmoralgiant : if all you've got to do today is find peace of mind, come round, you can take a piece of mine
Quote:
Originally Posted by LLCOOLSTEVE View Post
I cashed my stake so Iím free rolling

Just got to work out how to get my cash from Coinbase
You need to send them Ä1 to verify your account which gets added to your Coinbase Euro wallet.

When you cashout you get paid in Euro too. Depending on how £/Ä is going, may be better to withdraw crypto to Ä then wait until a good time to send Ä to withdraw.
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  #1990  
Old 20-12-2017, 10:22 PM
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Cheers for the info BigEnd1!

I tinkered with blockchain about 4 years ago. Got all excited when BitCoin went through the roof, found my password and wallet empty

Thought I'd take another look. Did you get an invite to bitfinex ??, seems the only way to join now. Just wondering how you got one ?, cheers.

Last edited by speagle; 20-12-2017 at 11:12 PM.
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  #1991  
Old 22-12-2017, 07:58 AM
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The big short is on.
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  #1992  
Old 22-12-2017, 08:39 AM
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All crypto markets down in value over night
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  #1993  
Old 22-12-2017, 08:42 AM
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A few people at work stuck a grand in and it plummeted straight away. Is now a good time to invest or is the dream over?
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  #1994  
Old 22-12-2017, 08:45 AM
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A few people at work stuck a grand in and it plummeted straight away. Is now a good time to invest or is the dream over?
I guess thats the gamble of investment! With bitcoin and similar, i dont think it will steady out, it will either drop further or drastically recover.
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  #1995  
Old 22-12-2017, 08:49 AM
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I'm probably behind the curve but I cannot see how this is a viable currency. It is not backed by a government and is becoming too volatile to be accepted by retailors. For example:

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Just seems like a massive bubble/bet.

Perhaps I'm just too old school in my thinking.
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  #1996  
Old 22-12-2017, 09:19 AM
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I'm probably behind the curve but I cannot see how this is a viable currency. It is not backed by a government and is becoming too volatile to be accepted by retailors. For example:

To view the link you have to Register or Login

Just seems like a massive bubble/bet.

Perhaps I'm just too old school in my thinking.
They'll never be a currency as they'll never have a known value - they aren't tied to banks. In my opinion, they'll just be a tradable online commodity.

The past month has been the ITK's passing their coin to the hype, when someone random at work decides they are buying BitCoin because they saw it on the news, then it's time to get out. If it's trade-able it can be manipulated. The bottom is $6000 here for the time being, if it's going to be $100k one day it needs to come down a bit and retain an orderly market.

Isnt it ironic, that the futures market opened on it the other week, and now the price is plummeting. Funny that!
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  #1997  
Old 22-12-2017, 09:57 AM
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It seemed inevitable it would drop once Futures opened.
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Old 22-12-2017, 11:36 AM
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Originally Posted by gilesy14 View Post
Can only withdraw in Euro's - it's a ballache.
There is a workaround To view the link you have to Register or Login using the To view the link you have to Register or Login
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Old 22-12-2017, 11:40 AM
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There is a workaround To view the link you have to Register or Login using the To view the link you have to Register or Login
That's what I use. Although SEPA transfers to/from Coinbase currently taking an age
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Old 22-12-2017, 01:36 PM
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Everything still going down down down
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