The Student Room Group

Has anyone here ever brought bitcoins?

You know bitcoins, the online synthetic currency, currently trading at over $575 a coin. What do you think of this as an investment?

John.

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Reply 1
Original post by john2054
What do you think of this as an investment?


May as well walk into a casino and put a lump of cash on Red or Black. Will be the same volatility.
"Brought"? Invest into some English Language books, breh. However, Bitcoin is an amazing crypto currency, which can be exchanged to different other cryptos, such as ETH (Google), will rise as Bitcoin, soon. You will thank me later.

I sell bitcoin. One coin minimum, at market rate. If you are interested, let me know.
Reply 3
Original post by glebp
"Brought"? Invest into some English Language books, breh. However, Bitcoin is an amazing crypto currency, which can be exchanged to different other cryptos, such as ETH (Google), will rise as Bitcoin, soon. You will thank me later.

I sell bitcoin. One coin minimum, at market rate. If you are interested, let me know.


which stores could your coin be accepted in to? which platforms i mean. and can you give me a good user discount, seeing as you like me?

jr
Original post by john2054
which stores could your coin be accepted in to? which platforms i mean. and can you give me a good user discount, seeing as you like me?

jr


My friend, I sell at market rate, aka the true price, with no inflated exchange rate or commision. However, seeing as you an amateur you should buy them not from me, but another official vendor online.

https://www.coinbase.com/?locale=en

My coin? Bitcoin is universal. It is accepted across a wide aray of stores. Most stores accept credit cards? Why do you need bitcoin? I can't give you advice how to purchase drugs, due to the nature of this forum
Reply 5
Original post by glebp
My friend, I sell at market rate, aka the true price, with no inflated exchange rate or commision. However, seeing as you an amateur you should buy them not from me, but another official vendor online.

https://www.coinbase.com/?locale=en

My coin? Bitcoin is universal. It is accepted across a wide aray of stores. Most stores accept credit cards? Why do you need bitcoin? I can't give you advice how to purchase drugs, due to the nature of this forum


on second thoughts if i do decide to buy some, i will do it by an official vendor. i hate to say but i have lost quite a lot of money over the years, through various scams, and i really can't afford to lose to another. thanks again!
Reply 6
Original post by glebp
My friend, I sell at market rate, aka the true price, with no inflated exchange rate or commision. However, seeing as you an amateur you should buy them not from me, but another official vendor online.

https://www.coinbase.com/?locale=en

My coin? Bitcoin is universal. It is accepted across a wide aray of stores. Most stores accept credit cards? Why do you need bitcoin? I can't give you advice how to purchase drugs, due to the nature of this forum


the rate seems rather over inflated at the moment? Do you think it will burst, or continue to climb??
Original post by john2054
the rate seems rather over inflated at the moment? Do you think it will burst, or continue to climb??


coinbase is not a scam. Look at how frequently visited it is, it is all over the web. Scam vendors stick out like a sore thumb.

If you want to make profit on speculation, bitcoin is no longer the right currency (if you have low capital), if you have 100-200k, you can speculate bitcoin. If you have a couple of thousand, best crypto to speculate at the moment is ETH (https://www.ethereum.org/) - You can buy it with BTC

Its an uprising crypto, and is going through a similar phase which bitcoin was going through a year or so ago.
(edited 7 years ago)
Reply 8
Original post by glebp
coinbase is not a scam. Look at how frequently visited it is, it is all over the web. Scam vendors stick out like a sore thumb.

If you want to make profit on speculation, bitcoin is no longer the right currency (if you have low capital), if you have 100-200k, you can speculate bitcoin. If you have a couple of thousand, best crypto to speculate at the moment is ETH (https://www.ethereum.org/) - You can buy it with BTC

Its an uprising crypto, and is going through a similar phase which bitcoin was going through a year or so ago.


i didn't say coinbase was a scam. just that i won't be buying any currency from you personally.

i do in theory have £150k to invest, but i'm worried that if the market tanks, that will be my money wiped out. I'd rather put it in a managed fund.

I don't think i will be bit coin while the prices are so high.
Original post by john2054
You know bitcoins, the online synthetic currency, currently trading at over $575 a coin. What do you think of this as an investment?

John.


holy hell $575 is a big jump, I bought some a few months ago (not for investing :tongue: ) and it was £220/coin which is like $360

Honestly, if you wanna make money from the price volatility of bitcoins then just trade them as a Forex, atleast that way you can make money from the price dropping which it often does
Original post by john2054
i didn't say coinbase was a scam. just that i won't be buying any currency from you personally.

i do in theory have £150k to invest, but i'm worried that if the market tanks, that will be my money wiped out. I'd rather put it in a managed fund.

I don't think i will be bit coin while the prices are so high.


150k is ok. Im going to play with around the same capital, and dump my money into ETH. I hate money sitting there, being eaten up my inflation, or investing into an index. The financial markets are sh!t at the moment. I suggest ETH anyways, its being hyped up, although I have a suspision about fishy activity, e.g similar to a pump and dump, regardless, you can still ride the hype train. Go with ETH.
Reply 11
Original post by glebp
coinbase is not a scam. Look at how frequently visited it is, it is all over the web. Scam vendors stick out like a sore thumb.

If you want to make profit on speculation, bitcoin is no longer the right currency (if you have low capital), if you have 100-200k, you can speculate bitcoin. If you have a couple of thousand, best crypto to speculate at the moment is ETH (https://www.ethereum.org/) - You can buy it with BTC

Its an uprising crypto, and is going through a similar phase which bitcoin was going through a year or so ago.

is eth a currency or a platform? I don't know enough about programming to buy a platform like that, i'm sorry. when i said platform, i mean't currency! :smile:
Reply 12
Original post by JavaScriptMaster
holy hell $575 is a big jump, I bought some a few months ago (not for investing :tongue: ) and it was £220/coin which is like $360

Honestly, if you wanna make money from the price volatility of bitcoins then just trade them as a Forex, atleast that way you can make money from the price dropping which it often does


i was thinking about buying in to a fund. i still am not confident enough to do forex trading on my own, im sorry to say. i need help here.
Reply 13
Bitcoin is nothing but a fad, it will never enter the mainstream.
^ don't listen to that guy

ETH is a crypto currency, like bitcoin.
Reply 15
Original post by glebp
^ don't listen to that guy

ETH is a crypto currency, like bitcoin.


I've just brought some (eth) coins with cryptomate, https://cryptomate.co.uk/#coins

Can you tell me how do i check what coins i have with this account? I know i am supposed to be getting an email in a couple of hours, when the payment clears. But then how do i access my wallet? Or do i need a separate program for this?

thanks john.
Original post by john2054
I've just brought some (eth) coins with cryptomate, https://cryptomate.co.uk/#coins

Can you tell me how do i check what coins i have with this account? I know i am supposed to be getting an email in a couple of hours, when the payment clears. But then how do i access my wallet? Or do i need a separate program for this?

thanks john.


Will register and tell you
No, you can buy 150k worth of bitcoins at extremely close to market rate at a few vendors- in one go, or maybe a few orders at the same vendor. People trade bitcoin with huge volume. Its a solid choice for speculation, if you have big bucks.
Take tax out of the equation. OP doesn't have sufficient knowledge. I would not say I do either, however trading crypto currency is safer than forex markets.

Many people buy tons of bitcoins, look at live transaction that are happening right now, huge volume - https://blockchain.info/
Original post by john2054
i didn't say coinbase was a scam. just that i won't be buying any currency from you personally.

i do in theory have £150k to invest, but i'm worried that if the market tanks, that will be my money wiped out. I'd rather put it in a managed fund.

I don't think i will be bit coin while the prices are so high.


Definitely don't put all of your money in cryptocurrencies, that would be a very big gamble. I would put most of that money in traditional investments and 1-5% into bitcoin/other cryptocurrencies.

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