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  #1941  
Old 08-12-2017, 10:46 AM
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Might buy a very small amount of EOS.
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  #1942  
Old 08-12-2017, 11:09 AM
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Originally Posted by AJ's right boot View Post
Might buy a very small amount of EOS.
My mate works at Deloitte. A colleague mines this stuff - said EOS is the next big thing. Take that as you wish.
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  #1943  
Old 08-12-2017, 11:29 AM
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Bitcoin tumbling today
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  #1944  
Old 08-12-2017, 11:32 AM
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Are there any exchanges that cover all crypto currencies or do you need to set up different accounts to cover all bases?
Do most offer phone apps that allow to to keep track of things and buy/sell easily?
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  #1945  
Old 08-12-2017, 11:47 AM
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Surely Bitcoin is now far too volatile to be useful as an actual currency to buy or sell goods and services with, not to mention the fees for performing a transaction.

I see Steam aren't accepting it anymore for a start.
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  #1946  
Old 08-12-2017, 12:14 PM
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Quote:
Originally Posted by WorthingEagle View Post
Surely Bitcoin is now far too volatile to be useful as an actual currency to buy or sell goods and services with, not to mention the fees for performing a transaction.

I see Steam aren't accepting it anymore for a start.
Bitcoin now seen as more as a store of value rather than something you'd buy coffee with that's for sure.

Other coins are vying for acceptance more as actual currency, ie Litecoin, Bitcoin Cash (there's been a soap opera around this the past month or so), Dash.
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  #1947  
Old 08-12-2017, 12:18 PM
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Found out that part of the volatility is that over 40% of Bitcoins owned in the world are held between 1000 users. A sudden jump of movement from a number of these influences the market drastically.
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  #1948  
Old 08-12-2017, 12:19 PM
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Originally Posted by Speron1 View Post
Bitcoin now seen as more as a store of value rather than something you'd buy coffee with that's for sure.

Other coins are vying for acceptance more as actual currency, ie Litecoin, Bitcoin Cash (there's been a soap opera around this the past month or so), Dash.
Indeed - really it's all just one big Ponzi scheme though, isn't it? Nothing of actual value has been created, just distributed from people who got in late to those who got in earlier. Eventually some sucker will be left holding a billion bitcoins worth $0.

And all consuming more electricity (and therefore the planet's finite resources) than 159 countries. Well done everyone.

Last edited by WorthingEagle; 08-12-2017 at 12:24 PM.
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  #1949  
Old 08-12-2017, 12:30 PM
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Originally Posted by WorthingEagle View Post
... Nothing of actual value has been created, just distributed from people who got in late to those who got in earlier. Eventually some sucker will be left holding a billion bitcoins worth $0.
greater fool theory innit
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  #1950  
Old 08-12-2017, 12:38 PM
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Quote:
Originally Posted by gilesy14 View Post
My mate works at Deloitte. A colleague mines this stuff - said EOS is the next big thing. Take that as you wish.
I had a look online. Got super confused, and gave up.

Any idiots guides out there?
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  #1951  
Old 08-12-2017, 03:16 PM
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Agreed. I think a lot of people buying in yesterday and today - and probably over the weekend are going to get burned.
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  #1952  
Old 08-12-2017, 03:19 PM
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I've been using Bitcoin for a few years as a currency to buy certain "non-essential leisure" goods. I added up all the Bitcoin I've bought (and spent) over that time period and then converted to today's price. 85,000!!!! Fairly gutting that.
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  #1953  
Old 08-12-2017, 04:35 PM
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Jumped on the litecoin bandwagon, probably silly but it’s gone up a fair bit today

I’m purely playing for fun and consider the money spent
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  #1954  
Old 08-12-2017, 04:37 PM
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Litecoin up to 100. Bought most of mine at 40 back in September. Think I'm just gonna sit on them for the time being & see where I'm at come the start of next year...
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  #1955  
Old 08-12-2017, 04:47 PM
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Bitcoin market seems to be consolidating which is great for Litecoin and other alts
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  #1956  
Old 08-12-2017, 04:48 PM
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Bitcoin market seems to be consolidating which is great for Litecoin and other alts
Its amusing to watch them from my very amateur perspective, talk about volatile! I set an alert for when Ethereum reaches 350 having bought at 330, didnt expect to get the alert 3 hours later!
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  #1957  
Old 08-12-2017, 05:25 PM
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Amazed how many make their judgement calls on crypto with seemingly no knowledge of how they work/what they are/what influences their market pricing. I suppose not that different from amateur stock market investment (although arguably crypto seems more cryptic to many).

Also amazed how many looking at it in short term, buy/sell on daily basis kind of investment, given the above.
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  #1958  
Old 08-12-2017, 05:39 PM
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Originally Posted by WorthingEagle View Post
Surely Bitcoin is now far too volatile to be useful as an actual currency to buy or sell goods and services with, not to mention the fees for performing a transaction.



I see Steam aren't accepting it anymore for a start.

This is my main problem with BC.

Folks using it for speculation rather than a crypto currency.
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  #1959  
Old 08-12-2017, 05:42 PM
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Quote:
Originally Posted by CaterhamEagle View Post
Amazed how many make their judgement calls on crypto with seemingly no knowledge of how they work/what they are/what influences their market pricing. I suppose not that different from amateur stock market investment (although arguably crypto seems more cryptic to many).

Also amazed how many looking at it in short term, buy/sell on daily basis kind of investment, given the above.
I didnt sell at 350..... not planning on selling at all
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  #1960  
Old 08-12-2017, 07:01 PM
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This thread from the beginning has got to be one of the best on the BBS ever. I couldn't stop reading it last night!
Agreed its brilliant, dramatic. And revenge is still out there.
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