Bitcoin (cryptocurrency)

Wafty Cranker said:
I've not used it, but Binance seems one of the best for fees.

Most cryptos are rallying at the moment. If it's for an investment, Cardano is worth a punt in my opionion.
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I’ve jumped onto Coinbase and I’m looking into XRP at the moment, will have a look into Cardano now.

Pretty much a gamble to see who will be the one to sit alongside Bitcoin isn’t it?
 
markstephenhickey said:
I’ve jumped onto Coinbase and I’m looking into XRP at the moment, will have a look into Cardano now.

Pretty much a gamble to see who will be the one to sit alongside Bitcoin isn’t it?
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Nobody knows really. There is definitely room for other coins alongside Bitcoin, as Bitcoin is slow processing transactions so it's ultimate use is more than likely to be a store of value, hence it gets referred to as digital gold.

Cardano is set up by one of the founders of Ethereum, and it has a decent team behind it. I think as they made a fortune from Ethereum they have been able to take their time with research and development of Cardano. It's not been rushed. It's not yet on Coinbase, but is due on later this year.
 
Wafty Cranker said:
Nobody knows really. There is definitely room for other coins alongside Bitcoin, as Bitcoin is slow processing transactions so it's ultimate use is more than likely to be a store of value, hence it gets referred to as digital gold.

Cardano is set up by one of the founders of Ethereum, and it has a decent team behind it. I think as they made a fortune from Ethereum they have been able to take their time with research and development of Cardano. It's not been rushed. It's not yet on Coinbase, but is due on later this year.
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I will keep my eye out! While some of these crypto’s are cheap I don’t mind having a little gamble.
 
just a heads up for people.

Coinbase have an interface to make it easy for beginners to buy bitcoin.
They also have an exchange called coinbase pro

When you join Coinbase, you automatically join coinbase pro.

Always, always, when buying your bitcoin use the coinbase pro.

It is a LOT cheaper fees on Coinbasepro,

Simply because Coinbase is simply a simple gateway for newcomers.
 
zerox said:
just a heads up for people.

Coinbase have an interface to make it easy for beginners to buy bitcoin.
They also have an exchange called coinbase pro

When you join Coinbase, you automatically join coinbase pro.

Always, always, when buying your bitcoin use the coinbase pro.

It is a LOT cheaper fees on Coinbasepro,

Simply because Coinbase is simply a simple gateway for newcomers.
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I buy with Coinbase through an app on my iPhone. What can I do to get them cheaper?
 
I don't have phone let alone an app.
I can tell you if you buy 500 worth on coinbase you pay £15 fee plus 0.5 percent of the bitcoin cost.

On coinbase pro there is no £15 fee, just the 0.5 percent
 
zerox said:
I don't have phone let alone an app.
I can tell you if you buy 500 worth on coinbase you pay £15 fee plus 0.5 percent of the bitcoin cost.

On coinbase pro there is no £15 fee, just the 0.5 percent
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It has its own app which I’ve just downloaded. Thanks mate.
 
Bitcoin has a lot of benefits.
For me, and anything that follows is just my humble opinion.

The biggest benefit is the fact that it is yours. Ever heard of the bank IT depart going down overnight?, people cannot use their cards?. Your account is frozen?
Can never happen with bitcoin.

Bitcoin is a direct competitor to Visa, Amex etc. so it is taking on some really heavy dudes. Its advantage against these heavy dudes is the cost. There was a 55million dollar worth transaction the other day, the cost of the transaction was less than 3 dollars, imagine what the geezer saved compared to Visa.

That small restaurant/pub/shop you use, they all have costs of 3% to pay when you use your card.
Each day more sellers embrace bitcoin.
But there is the problem, bitcoin blockchain (blockchain= where the buy/sell is done) only processes 7 transaction a second, compared with 22000 of Visa

The meteoric rise of bitcoin 3 years ago is when news of an enhancement of bitcoin surfaced of bitcoin greatly upping its transaction per second volume. When it became obvious that this was not imminent bitcoin then tanked.

The devs/coders on bitcoin are without doubt the best out there, because for the best coders it is a badge of honour to be associated with bitcoin.They do not get paid, some get grants, but for the majority it is a labour of love for the coin.

Much progress has been made on said enhancement(LN), and more and more bitcoin users are embracing it, which could be a very good reason for bitcoin's price rise.

Just think if bitcoin hit £15000 doing 7 transactions a second, what could it be worth if it ever equals Visa?

Take the above with a pinch of salt, many think it is just a store of value, like gold.
 
gone up so much today, 99.9% of bitcoin was bought at lower than it is now worth.
 
Huge rises lately , withdrawn my initial investment and now got a free hit with the healthy profit . Where does anybody see it going from here ?
 
carlosthejackal said:
Huge rises lately , withdrawn my initial investment and now got a free hit with the healthy profit . Where does anybody see it going from here ?
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One way to ticket to the moon!

Hopefully it'll continue to trend upwards. Six figures (in USD) next year would be nice and is not beyond the realm of possibility.

More and more Bitcoin addresses are HODLing. Take all those coins out of circulation, along with all these supposedly lost coins, add in the mix institutional investors piling in and you have good old supply and demand driving the price. It's not like Bitcoin is tied to any assets, or has any earnings report or anything, with no intrinsic value that supply and demand is quickly going to send the the price soaring. Still plenty of up upside if you look it market cap vs gold, stock to flow and all that jazz. I think JP Morgan recently set a target of $146k

What does worry me slightly is the amount of addresses with loads of coins in them, and if they decide to dump a load on the market in one go. Ot oh!
 
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carlosthejackal said:
Huge rises lately , withdrawn my initial investment and now got a free hit with the healthy profit . Where does anybody see it going from here ?
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If you listen to some commentators like Cathie Wood who runs ARK investments into the hundreds of thousands and for anyone who doesn't know who Cathie Wood is give her a google
 
carlosthejackal said:
Huge rises lately , withdrawn my initial investment and now got a free hit with the healthy profit . Where does anybody see it going from here ?
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Brother in law put £30k in, he’s just taken his £30k out and has £150k left in as it stands.
 
Would love to withdraw what is left of my Bitcoin but can’t for the life of me remember how to access my wallet. I’ve got a nice bit of pocket money down the back of the virtual sofa
 
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