Bitcoin (cryptocurrency)

[aguerrrroooooooooooo]

Where can one legitanitly buy bitcoin without the fear of getting ripped off?

I use localbitcoins.com personally

 

[Pleatfooted]

Haha not helping me there are you mate lol ;)

Your an expert in this field mate :p

 

[Two Gun Bob]

Its a virtual coin so you dont get change, 1 bitcoin is worth over $4000 at moment, so you usually deal with smaller denominations, 0.006btc etc

You can use a plastic or virtual card to buy goods, I use cryptopay and you can get gb pound visa btc cards there and you can bank the bitcoin anytime you want converting it to GBP. I sometimes skim some interest made on the btc back into bank account, pays for a night out...

Its dropped a lot last few weeks, so its a good time to buy as usually it bounces back a lot stronger, reason its dropped is to do with a supposed law in china coming, which looks like it was just made up to caise hysteria, and it actually effects eruthem coin more than BTC even if it does

I still dont underertand mate.Just struggling with the mechanics of the bitcoin division.
Lets say I top up equipment from spytecinc.com whilst masquerading as a football fan in mainland Europe for champs leaugue and it all comes to half a bitcoin @ £1700.If they don't give me change do they at least credit half a bitcoin back to my account or is it actually me at point of pay that sets the payment to 0.5 B.C leaving the remaining 0.5 B.C in still in account ? In essence can I set the decimals to apportion the correct payment amount ? Serious question.

Not too sure on the good time to buy when somethings tanking advice though.
Every one out there using cfd or spreadbetting knows that's catching falling knifes or bottom picking.
I am intriqued with bitcoin though as it appears to be a legitimate way to deal currency through the web keeping your bank details safe from hacking.And we all know how many times our so called data gets misapropriated eh.
Only recently a Moon Man ran a thread on here about email addies getting harvested.
I remain safe at all times being the grey man.
Give information sparingly keep your friends close and your enemas closer.
I dont even drive Taxis but it's a great cover in this mist laden murkey den of inequity we all habitate called the Twilight World

 

[super_city_si]

If you bought $100 worth of bitcoin in 2010 its would be worth $75million now
https://www.cnbc.com/2017/05/22/bitcoin-price-hits-fresh-record-high-above-2100.html

 

[blueonblue]

My boys are building a pc each and they have waited ages for processors.. apparently there are people "mining data" and it's something to do with Bitcoin.... they have been told a month minimum as there are people buying up processors to run PCs on an industrial scale for this?? All over my head sadly

There was a TV program on recently, Secrets of silicon valley (BBC 2) episode 1, that will give a good understanding of what and why "Mining data" is being used for and its purpose.

I found it eye opening just what "They"* can perceive about your views with a very high % of accuracy, so as an example a political party could tailor its campaign message so as to appear to agreed with most of your view on things to the point they can influence election results.

 

[citizenyank76]

Wish I hadn't spent as much on the vinyl records and had put it into bit coin. Would have made a mint.

 

[Two Gun Bob]

How can Bitcoin be taken seriously as an online purchasing tool when it's value fluctuates so erratically.
How can you buy into it for everyday purchases as a "currency of the web" it's original design when it's so volatile.

Have a look at the graph below and hit the 1 month chart to see it peak at just under 5,000 dollars.
Now it has broken through the previous low of $4054 on 21st August.
From a chartist persective is this an indicator to actually short it.

Taking the trading aspect away is the bitcoin actually fit for purpose ?

https://www.coindesk.com/price/

 

[goldcoastblue]

any of our more knowledgeable crypto guys have any thoughts over other coins or will BTC be the vhs to the betamax. from my searches there etherium and ripple. but because i know jackshit, would i be better to gamble on the other 2 or follow the crowd

 

[york away to this!]

If anyone would like a freshly made bidcoin, please send me one thousand pounds in cash.

I shall deliver the bidcoin the very next day in a small presentation pouch.

 

[Scottyboi]

Bitcoin has gone up a grand in like 3 days. Ether went up a cool 40 itself. Bitcoin will peak at 9k a coin I reckon.