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Thread: Bitcoin

  1. #41
    Senior Member DJWilson's Avatar
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    Quote Originally Posted by Marc J View Post
    How did the withdrawal work out for you? Any issues?

    It's been an interesting week for Bitcoin...hope you're enjoying the ride
    Bit slow but finally all went through and can now buy and sell with ease.

    Got exciting about 4PM today didn't it!?
    Nathan Wilson.

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  2. #42
    Web Guru Marc J's Avatar
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    Quote Originally Posted by yourdj View Post
    This is all so exciting, I am glad I sold my TV 10 years ago. Who needs it with this post.
    Toby, the thread title make it very clear what it's about...if it doesn't interest you, don't click on it

    Quote Originally Posted by DJWilson View Post
    Bit slow but finally all went through and can now buy and sell with ease.
    All through Coinbase? Have you had a bank transfer back into your bank? If so, how did that go? I have an account at Kraken which is verified as far as it can go, and their fees seem a lot cheaper for cashing out...

    Quote Originally Posted by DJWilson View Post
    Got exciting about 4PM today didn't it!?
    Indeed, bit of a downturn at the moment, though. A friend of mine has held NXT for some time now, he's done quite well this past week (almost 300%). I wish I'd bought some IOTA on Monday
    A wife asks her developer husband "Could you please go to the store for me and buy a carton of milk, if they have eggs, get 12."
    A short time later the husband comes back with 12 cartons of milk. The wife yells at him, "Why the hell did you buy 12 cartons of milk?!" He replied, "They had eggs."

  3. #43
    Senior Member DJWilson's Avatar
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    Quote Originally Posted by Marc J View Post
    All through Coinbase? Have you had a bank transfer back into your bank? If so, how did that go? I have an account at Kraken which is verified as far as it can go, and their fees seem a lot cheaper for cashing out...


    Indeed, bit of a downturn at the moment, though. A friend of mine has held NXT for some time now, he's done quite well this past week (almost 300%). I wish I'd bought some IOTA on Monday
    Yeah, took 1 day for funds to arrive into my account via Coinbase. I've not looked into Kraken at the moment - its on the 'to-do' list of Bitcoin.

    The fees on CB are a bit tough to swallow but if your buy/sell are timed correctly it's not an issue.

    Not heard of NXT or IOTA. Time for some research!
    Nathan Wilson.

    www.anroadshow.co.uk

  4. #44
    Web Guru Marc J's Avatar
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    Quote Originally Posted by DJWilson View Post
    Not heard of NXT or IOTA. Time for some research!
    NXT may be one to watch. IMHO stay away from IOTA, it's rise was due to a "partnership" with Microsoft, which turned out to just be someone from Microsoft saying something about IOTA.
    A wife asks her developer husband "Could you please go to the store for me and buy a carton of milk, if they have eggs, get 12."
    A short time later the husband comes back with 12 cartons of milk. The wife yells at him, "Why the hell did you buy 12 cartons of milk?!" He replied, "They had eggs."

  5. #45
    King Of Cheese Moderator DazzyD's Avatar
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    There's been a few scare stories in the press the last couple of weeks like why you shouldn't invest in BitCoin. I'm guesing from the dramatic rises and falls that you're mentioning that it must be a pretty high risk investment. Would you say it's more risky than dabbling in the stock market? And have the exchanges become more stable as I recall reading that one went under in the early days and people lost money so is it safer these days?
    Dazzy D
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  6. #46
    Web Guru Marc J's Avatar
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    Quote Originally Posted by DazzyD View Post
    There's been a few scare stories in the press the last couple of weeks like why you shouldn't invest in BitCoin.
    A lot of the scare stories are coming from bankers, fund managers and city traders. I can't think why, it's not like they have an interest in keeping things as they are?

    Quote Originally Posted by DazzyD View Post
    I'm guesing from the dramatic rises and falls that you're mentioning that it must be a pretty high risk investment. Would you say it's more risky than dabbling in the stock market?
    Definitely. You can lose your shirt on both, but the volatility of crypto currencies means it's not unusual for them to fall or rise 20% or more in a day, for no apparent reason. I've got some very wealthy clients / friends who are happy if their shares portfolio makes 5% in a year

    Quote Originally Posted by DazzyD View Post
    And have the exchanges become more stable as I recall reading that one went under in the early days and people lost money so is it safer these days?
    Exchanges are hackable, nomatter how secure they claim to be. Use them to buy and sell by all means (and, unless you're trading to friends and family, or localbitcoin, you have to use them) but don't keep your bitcoins in an exchange long term - move them to a wallet that only you control, and keep that secure. If your bitcoins are held in a wallet at an exchange, and that gets hacked, you risk losing your bitcoins. Unless you (and only you) hold the private key to a wallet, it and any bitcoin balance in it is at risk.
    A wife asks her developer husband "Could you please go to the store for me and buy a carton of milk, if they have eggs, get 12."
    A short time later the husband comes back with 12 cartons of milk. The wife yells at him, "Why the hell did you buy 12 cartons of milk?!" He replied, "They had eggs."

  7. #47
    King Of Cheese Moderator DazzyD's Avatar
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    Quote Originally Posted by Marc J View Post
    A lot of the scare stories are coming from bankers, fund managers and city traders. I can't think why, it's not like they have an interest in keeping things as they are?



    Definitely. You can lose your shirt on both, but the volatility of crypto currencies means it's not unusual for them to fall or rise 20% or more in a day, for no apparent reason. I've got some very wealthy clients / friends who are happy if their shares portfolio makes 5% in a year



    Exchanges are hackable, nomatter how secure they claim to be. Use them to buy and sell by all means (and, unless you're trading to friends and family, or localbitcoin, you have to use them) but don't keep your bitcoins in an exchange long term - move them to a wallet that only you control, and keep that secure. If your bitcoins are held in a wallet at an exchange, and that gets hacked, you risk losing your bitcoins. Unless you (and only you) hold the private key to a wallet, it and any bitcoin balance in it is at risk.
    Given that I'm now a single dad to three kids and I no longer have any income from DJing, I don't have the spare funds to have a go at things like this anymore. But I am interested in it (like most things tech and finance related!). Maybe one day, but knowing my luck, BTC would have reached $1m by then!!!
    Dazzy D
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    Born to make you party!


  8. #48
    Senior Member DJWilson's Avatar
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    Having nightmares with my Bread wallet at the moment. Been waiting 8 days for a transaction that should be up to 24 hours.

    This surge and fees is awful. Segwit needs to get a move on.
    Nathan Wilson.

    www.anroadshow.co.uk

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