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Has anyone here ever brought bitcoins? Watch

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    (Original post by glebp)
    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.
    I wouldn't do it. Also arent you pretty much ''taxed'' every time you sent bitcoins, for him to earn money, hell have to sell it in smaller amounts, even if he sell it in a larger amount, hell have to give some of the coins to the wallet website, if hes using a website.. most are 1% if i remember, so from 150k, hell lose 1.5k from just trading . And whos buying that many bitcoins ... And hows he gonna easily convert coins to pounds. This is a pretty long way to get some money, which wont be much realy and will need a lot of work, if hes unlucky .
    I personally wouldnt bother with it, but im a lazy kind of person, so who know what a non-lazy person can do. It also seem very unworthwhile to me and even risky,. thought the price of the coins, when is atrted using them went down about 10 pounds and then went up 110 pounds to what it is today. and its only going higher. ( ti will 100% tank one day though , like it did before)
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    (Original post by rimstone)
    I wouldn't do it. Also arent you pretty much ''taxed'' every time you sent bitcoins, for him to earn money, hell have to sell it in smaller amounts, even if he sell it in a larger amount, hell have to give some of the coins to the wallet website, if hes using a website.. most are 1% if i remember, so from 150k, hell lose 1.5k from just trading . And whos buying that many bitcoins ... And hows he gonna easily convert coins to pounds. This is a pretty long way to get some money, which wont be much realy and will need a lot of work, if hes unlucky .
    I personally wouldnt bother with it, but im a lazy kind of person, so who know what a non-lazy person can do. It also seem very unworthwhile to me and even risky,. thought the price of the coins, when is atrted using them went down about 10 pounds and then went up 110 pounds to what it is today. and its only going higher. ( ti will 100% tank one day though , like it did before)
    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/
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    (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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    Everyone is hyping ETH, but I doubt it'll become as successful as BTC simply because it is not anonymous.

    It is no secret BTC became popular from its criminal opportunities; I just don't see that happening for ETH, especially as it is in collaboration with Google, a government company.
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    (Original post by Trapping)
    Everyone is hyping ETH, but I doubt it'll become as successful as BTC simply because it is not anonymous.

    It is no secret BTC became popular from its criminal opportunities; I just don't see that happening for ETH, especially as it is in collaboration with Google, a government company.
    i am going to leave my 150k where it is. The £250 pounds worth of eth i brought last night, well they haven't even sent me the wallet for it yet. I may just cash it all in the minute they do. I'm not sure?

    jr
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    (Original post by Trapping)
    Everyone is hyping ETH, but I doubt it'll become as successful as BTC simply because it is not anonymous.

    It is no secret BTC became popular from its criminal opportunities; I just don't see that happening for ETH, especially as it is in collaboration with Google, a government company.
    What are you on about? ETH gives you a similar amount of anonymity as BTC and has no affiliation with google. Also, the last time i checked, google was a private company.
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    (Original post by phaggatron5001)
    What are you on about? ETH gives you a similar amount of anonymity as BTC and has no affiliation with google. Also, the last time i checked, google was a private company.
    Some insider info, ETH will have a sponsor soon. Ride the hype train.
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    Welcome Squad
    https://www.youtube.com/watch?v=jkgpdJggvD0
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    (Original post by glebp)
    Some insider info, ETH will have a sponsor soon. Ride the hype train.
    I just cashed in about £50 worth of gold, at the price of just under £14 worth of gold, to help me through this week. It has been quite fiscally stretching.

    Does anyone know whether i have to declare gold stock on my tax returns form?
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    (Original post by glebp)
    Some insider info, ETH will have a sponsor soon. Ride the hype train.
    thanks for that video. So would i be right to say that having too much capital, is as bad as having too much debt? (too much being too far up in capital is as bad as being too far in debt?) But as far as the enterprise value is concerned, being in debt actually adds to a company's worth, whereas having assets is seen as a negative?!?
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    (Original post by JavaScriptMaster)
    holy hell $575 is a big jump, I bought some a few months ago (not for investing ) 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
    my uncle's mate bought a thousand when it first started trading for $5 a piece and sold once they reached $100 each
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    (Original post by john2054)
    thanks for that video. So would i be right to say that having too much capital, is as bad as having too much debt? (too much being too far up in capital is as bad as being too far in debt?) But as far as the enterprise value is concerned, being in debt actually adds to a company's worth, whereas having assets is seen as a negative?!?
    Having capital is great, however if it is not being utilised its esentially pointless to have tons of cash. But otherwise, its great. Debt is normal, it allows a firm to spread costs. Enterprise value is essentially the balance sheet. Lets say you want to buy Company A. When you buy the company you do not only buy the assets, but you also purchase the debt that goes with it. The guy in the video explains this properly with a practical element.


    You should take a look at some balance sheets and try to analyze them after you have watched a couple of vids.

    http://www.sec.gov/search/search.htm

    Enter a stock ticker, eg AAPL

    10-Q - Queartely Report10-K - Annual report

    Skim through and then apply what you learn't to assess a balance sheet.
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    (Original post by jamesthehustler)
    my uncle's mate bought a thousand when it first started trading for $5 a piece and sold once they reached $100 each
    Yea I also bought some when they were about 5 quid each.... spent em on a "good time" though lol
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    (Original post by JavaScriptMaster)
    Yea I also bought some when they were about 5 quid each.... spent em on a "good time" though lol
    then he bought gold and made more money and then silver and made more money he made about $500,000 out of the original 5k and spent it on a club in tucson
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    Bitcoin is not an investment as such and i view it akin to the lottery. Something i'd put a punt on every now and then on a 'what if' basis but not something i'd ever depend on.
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    Definitely recommend this podcast about bitcoins, it's really interesting and enticing:

    http://www.radiolab.org/story/darkode/

    LISTEN TO IT it's very well presented too.
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    (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.
    With $150k you can afford to purchase a single class A share in Berkshire Hathaway and ride the Warren Buffet train. Congratulations.
 
 
 
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