Anyone here bought bitcoin?

[moto748]

I remember back in the day watching The Keiser Report on RT, and whatever you think of him, Max Keiser is a smart cookie. Back then, at the outset, he was encouraging viewers to buy bitcoin. If only I'd listened then (and I didn't dismiss it out of hand).

 

[Robin54]

I think, like you MOTO we all look back and "Wish I had done that", but I guess that the answer is "what should I do now" - naturally the answer to that is we dont know. There are guys in the City betting on this and there will be winners and losers. -As there is in all walks of life. It all about gambling at the end of the day - yep its our entrusted money. I have large sums in Premium Bonds and they give me about (us) about 2K a year in winnings. When I hit the jackpot, well who knows! I might buy you a beer!

 

[Tanglefoot]

This week Damien Hirst burnt a load of his original artwork owned by people who'd bought them as NFG's.
Strange world where virtual tokens are worth the same as actual pieces of art.

As with Crypto currencies a lot of people will also get burned else how does anyone make money ?

 

[Robin54]

This week Damien Hirst burnt a load of his original artwork owned by people who'd bought them as NFG's.
Strange world where virtual tokens are worth more than actual pieces of art.

As with Crypto currencies a lot of people will also get burned else how does anyone make money ?

I saw that - didn't realise that - strange world. Its a circle of insanity, if its true

 

[Twogunrocky]

No..... only ever invested in physical bullion & coins, there's no substitute for having a Troy ounce of Gold in your hand.

 

[Robin54]

No..... only ever invested in physical bullion & coins, there's no substitute for having a Troy ounce of Gold in your hand.

Indeed - when the pound goes down, investors buy gold. and vice versa - its a fickle world

 

[Clint]

I think, like you MOTO we all look back and "Wish I had done that", but I guess that the answer is "what should I do now" - naturally the answer to that is we dont know. There are guys in the City betting on this and there will be winners and losers. -As there is in all walks of life. It all about gambling at the end of the day - yep its our entrusted money. I have large sums in Premium Bonds and they give me about (us) about 2K a year in winnings. When I hit the jackpot, well who knows! I might buy you a beer!

Premium bonds...I was looking to have a go at something...

 

[Clint]

What would be a "worthwhile " investment?

 

[Robin54]

Clint - You need to put in about 20K in one HIT to get a return. Bits and bobs here and there dont often win

 

[Clint]

What's the average return on 20k ya recon?

 

[Robin54]

I think you would be unlucky not to get about 1K - heck- its a lottery after all. My winnings have easily outstripped a Building Society. You must remember Clint, that this is money "you have free", but you can redeem it at any time, which you cant do with a poxy ISA, without a penalty. With PB you need to buy a block investment and not 100 pounds here and there. Hope that helps mate.

 

[Clint]

Thanks. I'm interested!

 

[Twogunrocky]

Indeed - when the pound goes down, investors buy gold. and vice versa - its a fickle world

As with crypto, you had to be there at the right time if you were buying coin, as the premium on them negates an investment these days, my purchases were made a long time ago and i'm not out of pocket. Bullion is the only worthwhile investment nowadays, and you have to pick your moment with that too.
Still have some PB's my ol' nan bought for me as a kid, rock solid guaranteed your money back whenever you want it.

 

[Mrhandsome]

Makes sense. Most people pay via contact less. The fees for small businesses can be crippling. A majority of crypto can be transferred with a tiny fee. And if the owner is happy to keep some crypto long term then he will be quids in. Plus digital assets can attract less tax

You don't even need to use contactless anymore. With Google and Apple Pay you can just tap with your phone. Building on that, there's now apps where you can spend your crypto and the merchant gets paid in fiat currency with minimal transaction fees. Visa and MasterCard are on their way out.

Oh and to answer the OP, no I don't own bitcoin. I've got some Eth and a few alts though.

 

[Leon103]

You don't even need to use contactless anymore. With Google and Apple Pay you can just tap with your phone. Building on that, there's now apps where you can spend your crypto and the merchant gets paid in fiat currency with minimal transaction fees. Visa and MasterCard are on their way out.

Oh and to answer the OP, no I don't own bitcoin. I've got some Eth and a few alts though.

Yeah. Got a crypto debit card that gives cashback for transaction. Bloody brilliant.

 

[moto748]

One thing that always strikes me with PBs is, there must be a hell of a lot of winners who don't claim. People were bought PBs by their granny when they were kids, since then, they've moved numerous times, have they kept check?

 

[Clint]

One thing that always strikes me with PBs is, there must be a hell of a lot of winners who don't claim. People were bought PBs by their granny when they were kids, since then, they've moved numerous times, have they kept check?

I have a few bought for me when I was born...In 1968. I've checked mine over the years...nothing.

 

[Clint]

Seeing as it's safe to try I might have a go.

 

[Stan's Brew]

We need homebrew shops to adopt crypto, beer tokens, it would be far more valuable to homebrewers, until then exchange your non-private crypto (Bitcoin) into privacy coins (Monero/PirateChain) and lock away in cold storage waiting for that rainy day ...

Unless anyone wants to send me beer tokens for free bottles of non-attributable liquid

 

[foxy]

I see mining stocks are forging ahead. Is Lithium the stock of the near future? Batteries going to be produced here. Makes sense, mining lithium exporting and buying the batteries back.