Unknown user Posted January 25, 2018 Author Share Posted January 25, 2018 (edited) 15 minutes ago, Jambos1983 said: Thanks very much. I think i'll need to read that a few times to get my head round it all! It sounds more complicated than it is really. The main problem is that while Binance is a really good exchange IMO, you can't load normal money to it directly, so you have to buy some cryptocurrency somewhere else first and transfer it in. That's where Coinbase comes in, they only have three cryptocurrencies to buy but you can load up via a normal bank account with cash money, but some coins there and get your foot in the door. But... they're expensive with fees. If you buy ethereum on Coinbase, they'll charge a fair bit to send it to Binance. Fortunately Coinbase also has it's own exchange called Gdax, which is much cheapness for fees in comparison and costs much less to send your ethereum to Binance. You can access your Coinbase funds from gdax as I understand it (although I've never used gdax myself), and send them to binance, saving an amount that makes it worth the effort. I hope that's clear but ask if you're not sure Edited January 25, 2018 by Smithee Quote Link to comment Share on other sites More sharing options...
William H. Bonney Posted January 25, 2018 Share Posted January 25, 2018 I use coinomi and it's very easy to use as well as having the addictive shapeshift. Quote Link to comment Share on other sites More sharing options...
Jeff Posted January 29, 2018 Share Posted January 29, 2018 Traded 100 of my bitcoin for ICX. Going down the South Korean route Quote Link to comment Share on other sites More sharing options...
Craig_ Posted January 30, 2018 Share Posted January 30, 2018 9 hours ago, Jeff said: Traded 100 of my bitcoin for ICX. Going down the South Korean route Can't say I know that one. What's the scoop with it? By the way, HPB about to go skywards. Imminent listing on Kucoin which should generate some interest. Quote Link to comment Share on other sites More sharing options...
Jeff Posted January 30, 2018 Share Posted January 30, 2018 48 minutes ago, Craig_ said: Can't say I know that one. What's the scoop with it? By the way, HPB about to go skywards. Imminent listing on Kucoin which should generate some interest. This old reddit post explains the good perks of ICX Apparantly big plans in SK Quote Link to comment Share on other sites More sharing options...
Craig_ Posted January 30, 2018 Share Posted January 30, 2018 14 minutes ago, Jeff said: This old reddit post explains the good perks of ICX Apparantly big plans in SK Sounds interesting, though can't help feeling I've missed the boat with that one. Quote Link to comment Share on other sites More sharing options...
Jeff Posted January 30, 2018 Share Posted January 30, 2018 20 minutes ago, Craig_ said: Sounds interesting, though can't help feeling I've missed the boat with that one. 20 minutes ago, Craig_ said: Sounds interesting, though can't help feeling I've missed the boat with that one. Not sure, a lot of people are expecting it to be around $18 by the end of the year so that would be a 300% increase Quote Link to comment Share on other sites More sharing options...
HeinzTomatoSoup Posted February 2, 2018 Share Posted February 2, 2018 How low do you think Bitcoin will drop to? Currently at £5,840!!!! Dropped from a high of £14,500 in less than 6 weeks. Has the bubble burst? Quote Link to comment Share on other sites More sharing options...
jack D and coke Posted February 2, 2018 Share Posted February 2, 2018 57 minutes ago, HeinzTomatoSoup said: How low do you think Bitcoin will drop to? Currently at £5,840!!!! Dropped from a high of £14,500 in less than 6 weeks. Has the bubble burst? It’s difficult to know. I’d personally say no and people are panicking and cashing out. I was in for the long term anyway so I’m content to leave it but it’s bleeding heavily atm. Quote Link to comment Share on other sites More sharing options...
jack D and coke Posted February 2, 2018 Share Posted February 2, 2018 https://www.google.co.uk/amp/bgr.com/2018/02/01/bitcoin-price-today-usd-chart-crash-india-tether-worries/amp/ Quote Link to comment Share on other sites More sharing options...
Unknown user Posted February 2, 2018 Author Share Posted February 2, 2018 1 hour ago, HeinzTomatoSoup said: How low do you think Bitcoin will drop to? Currently at £5,840!!!! Dropped from a high of £14,500 in less than 6 weeks. Has the bubble burst? That's the million dollar question! We all knew how volatile the whole thing is so it's no real surprise to see mental fluctuations. All you can really do is sit it out and see what happens, it's completely unpredictable Quote Link to comment Share on other sites More sharing options...
cosanostra Posted February 2, 2018 Share Posted February 2, 2018 On 26/01/2018 at 02:31, wallace_mercer said: Piled in a few grand last week and massively Down long term hold though ripple and etherium You nervous yet? You seem to have bought just before a massive crash. I've also got an Ethereum and a 20th of a Bitcoin but I bought them about a year ago so I'm still well ahead. Planning on keeping them longer term anyway as I'm sure you are. Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 700 quid down on my bitcoin in the last few weeks but still happy to sit and hold. Still up and it's with side money so if I lose it all, I lose it all. Sadly there will be people who lumped a lot of important money a month ago who have lost a lot! Quote Link to comment Share on other sites More sharing options...
Ray Gin Posted February 2, 2018 Share Posted February 2, 2018 My bum would definitely be twitching if I'd chucked a few grand in last week. Quote Link to comment Share on other sites More sharing options...
Craig_ Posted February 2, 2018 Share Posted February 2, 2018 6 minutes ago, Jeff said: 700 quid down on my bitcoin in the last few weeks but still happy to sit and hold. Still up and it's with side money so if I lose it all, I lose it all. Sadly there will be people who lumped a lot of important money a month ago who have lost a lot! Down a fair whack, but it's money which would have been in S&S (down) or precious metals (also down), so no great loss really. Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 1 minute ago, Craig_ said: Down a fair whack, but it's money which would have been in S&S (down) or precious metals (also down), so no great loss really. You're only down when you sell to be fair It'll be back up Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 2 minutes ago, Ray Gin said: My bum would definitely be twitching if I'd chucked a few grand in last week. Should see some of the horror stories on reddit. Bought $6k worth of Ripple at $3.50 now worth about $0.8 Quote Link to comment Share on other sites More sharing options...
Ray Gin Posted February 2, 2018 Share Posted February 2, 2018 Just now, Jeff said: Should see some of the horror stories on reddit. Bought $6k worth of Ripple at $3.50 now worth about $0.8 Ouch. Thankfully I only bought about £40 worth while it was at about £2. Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 3 minutes ago, Ray Gin said: Ouch. Thankfully I only bought about £40 worth while it was at about £2. I bought 100 at 80p so down about 50% Every coin is down though although Ethereum and NEO seem to be battling the drop and aren't in freefall. Think the worst thing that could've happened recently is the big media bump about how great bitcoin is and that everyone should get invested because as soon as there is a slight drop, everyone keeks it and sells straight away. Once the Asians are back after new year I think we will see things rise back. Quote Link to comment Share on other sites More sharing options...
cosanostra Posted February 2, 2018 Share Posted February 2, 2018 9 minutes ago, Jeff said: I bought 100 at 80p so down about 50% Every coin is down though although Ethereum and NEO seem to be battling the drop and aren't in freefall. Think the worst thing that could've happened recently is the big media bump about how great bitcoin is and that everyone should get invested because as soon as there is a slight drop, everyone keeks it and sells straight away. Once the Asians are back after new year I think we will see things rise back. Ethereum is down 27% today mate. Massive drop. Quote Link to comment Share on other sites More sharing options...
Boaby Ewing Posted February 2, 2018 Share Posted February 2, 2018 24 minutes ago, Craig_ said: Down a fair whack, but it's money which would have been in S&S (down) or precious metals (also down), so no great loss really. The FTSE 100 is down 2.5% in a week Gold is down 0.35% over the same period. Bitcoin? Down 35% since last Friday. Aye, all pretty much the same right enough Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 9 minutes ago, cosanostra said: Ethereum is down 27% today mate. Massive drop. Yeah you're right but the last few weeks it's held pretty strongly compared to the rest Quote Link to comment Share on other sites More sharing options...
cosanostra Posted February 2, 2018 Share Posted February 2, 2018 37 minutes ago, Jeff said: Yeah you're right but the last few weeks it's held pretty strongly compared to the rest Good time to buy, right? ?? Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 (edited) 1 minute ago, cosanostra said: Good time to buy, right? ?? Still plenty of time for it to drop further. Wait for the 17th Edited February 2, 2018 by Jeff Quote Link to comment Share on other sites More sharing options...
cosanostra Posted February 2, 2018 Share Posted February 2, 2018 4 minutes ago, Jeff said: Still plenty of time for it to drop further. Wait for the 17th What happens then? Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 9 minutes ago, cosanostra said: What happens then? Chinese new year celebrations are on the 16th. Btw - WE ARE CURRENTLY GOING TO THE MOON. £200 up in the last 15mins... Quote Link to comment Share on other sites More sharing options...
cosanostra Posted February 2, 2018 Share Posted February 2, 2018 3 minutes ago, Jeff said: Chinese new year celebrations are on the 16th. Btw - WE ARE CURRENTLY GOING TO THE MOON. £200 up in the last 15mins... The recovery is underway mate. Quote Link to comment Share on other sites More sharing options...
Ray Gin Posted February 2, 2018 Share Posted February 2, 2018 8 minutes ago, cosanostra said: The recovery is underway mate. So volatile it is unreal Quote Link to comment Share on other sites More sharing options...
tian447 Posted February 2, 2018 Share Posted February 2, 2018 Live footage of your investments: Quote Link to comment Share on other sites More sharing options...
Dean Winchester Posted February 2, 2018 Share Posted February 2, 2018 Think January/February are historically bad for Bitcoin. As others have said I'd expect it to start bouncing back after the Chinese New Year. Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 2, 2018 Share Posted February 2, 2018 35 minutes ago, tian447 said: Live footage of your investments: apart from the wee detail that the bitcoin is enjoying himself Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 4, 2018 Share Posted February 4, 2018 Here comes the Pepsi Max Big One drop. If we survive this one I think we're good going forward. Not selling my bitcoin til it hits $30k (if of course) Quote Link to comment Share on other sites More sharing options...
doctor jambo Posted February 5, 2018 Share Posted February 5, 2018 See the credit card companies in the US have banned bitcoin purchase on credit. Pretty awful that people have been doing this , I can imagine that many people will be in serious difficulty if it does not recover Its now down from $20000 to under $8000, that's some serious losses for people Quote Link to comment Share on other sites More sharing options...
Unknown user Posted February 5, 2018 Author Share Posted February 5, 2018 (edited) 16 minutes ago, doctor jambo said: See the credit card companies in the US have banned bitcoin purchase on credit. Pretty awful that people have been doing this , I can imagine that many people will be in serious difficulty if it does not recover Its now down from $20000 to under $8000, that's some serious losses for people That is crazy actually, I never really thought about it. I suppose an extension of the rule applies, 'if you can't afford to lose it, don't invest' Edited February 5, 2018 by Smithee Quote Link to comment Share on other sites More sharing options...
redjambo Posted February 5, 2018 Share Posted February 5, 2018 Quote Link to comment Share on other sites More sharing options...
William H. Bonney Posted February 5, 2018 Share Posted February 5, 2018 29 minutes ago, doctor jambo said: See the credit card companies in the US have banned bitcoin purchase on credit. Pretty awful that people have been doing this , I can imagine that many people will be in serious difficulty if it does not recover Its now down from $20000 to under $8000, that's some serious losses for people Lloyds bank have done the same. Quote Link to comment Share on other sites More sharing options...
Ray Gin Posted February 5, 2018 Share Posted February 5, 2018 32 minutes ago, doctor jambo said: See the credit card companies in the US have banned bitcoin purchase on credit. Pretty awful that people have been doing this , I can imagine that many people will be in serious difficulty if it does not recover Its now down from $20000 to under $8000, that's some serious losses for people It takes a special kind of idiot to buy crypto currency with money they don't actually have/have to spare. No sympathy tbh. Quote Link to comment Share on other sites More sharing options...
doctor jambo Posted February 5, 2018 Share Posted February 5, 2018 17 minutes ago, Smithee said: That is crazy actually, I never really thought about it. I suppose an extension of the rule applies, 'if you can't afford to lose it, don't invest' That's the bummer with gambling though Bitcoin has been hyped up as a sure thing, people are gambling on it- some sensibly, but the chance for people to throw money on it to "get rich quick" or get themselves out of financial trouble is a worry Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 5, 2018 Share Posted February 5, 2018 Don't see the problem with the credit card companies banning purchases of crypto tbh. It's their money afterall Quote Link to comment Share on other sites More sharing options...
redjambo Posted February 5, 2018 Share Posted February 5, 2018 Some info on the US banks banning the purchase of cryptocurrencies using credit cards: https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards And on Lloyds: https://www.theguardian.com/business/2018/feb/05/lloyds-bank-bans-buying-bitcoins-credit-cards To be honest, I think the squeeze will continue until governments and financial regulators feel that they have a handle on cryptocurrencies. It may have a positive effect in the long-term however in helping to dampen the swings. Quote Link to comment Share on other sites More sharing options...
graygo Posted February 5, 2018 Share Posted February 5, 2018 22 minutes ago, Jeff said: Don't see the problem with the credit card companies banning purchases of crypto tbh. It's their money afterall Quite right, in the same way online bookies won't accept credit cards, the ones I'm with don't anyway. Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 5, 2018 Share Posted February 5, 2018 12 minutes ago, graygo said: Quite right, in the same way online bookies won't accept credit cards, the ones I'm with don't anyway. Exactly. I don't understand why this news is causing a drop but hey ho, there you go! Quote Link to comment Share on other sites More sharing options...
graygo Posted February 5, 2018 Share Posted February 5, 2018 Daily Express financial journalists are obviously not talking to each other. Quote Link to comment Share on other sites More sharing options...
Craig_ Posted February 5, 2018 Share Posted February 5, 2018 1 minute ago, graygo said: Daily Express financial journalists are obviously not talking to each other. Ripple have been signing deals all over the place, and it's had zero effect on the price. Until coins uncouple from BTC, they're going to continue to struggle. Quote Link to comment Share on other sites More sharing options...
graygo Posted February 5, 2018 Share Posted February 5, 2018 4 minutes ago, Craig_ said: Ripple have been signing deals all over the place, and it's had zero effect on the price. Until coins uncouple from BTC, they're going to continue to struggle. certainly hope so but I reckon that governments and major global financial institutions will make sure that cryptocurrency doesn't prevail long term. Quote Link to comment Share on other sites More sharing options...
doctor jambo Posted February 5, 2018 Share Posted February 5, 2018 19 minutes ago, graygo said: certainly hope so but I reckon that governments and major global financial institutions will make sure that cryptocurrency doesn't prevail long term. This is where I'm at The idea that anyone (literally) could invent a currency, then sell it, and allow its unfettered use to move currency without tracking- is simply NOT something that will be allowed Quote Link to comment Share on other sites More sharing options...
jack D and coke Posted February 5, 2018 Share Posted February 5, 2018 The bleeding continues.... Quote Link to comment Share on other sites More sharing options...
doctor jambo Posted February 5, 2018 Share Posted February 5, 2018 5 hours ago, Ray Gin said: It takes a special kind of idiot to buy crypto currency with money they don't actually have/have to spare. No sympathy tbh. Now under $7500 Bitcoin has lost $60 billion off its value and is now trading at 1/3 of its high price. Some people will have been utterly ruined by this, and I have sympathy for them - they are people with kids and homes. If bitcoin was a company shares would be suspended- everyone would be expecting a liquidation event Quote Link to comment Share on other sites More sharing options...
Jeff Posted February 5, 2018 Share Posted February 5, 2018 52 minutes ago, doctor jambo said: Now under $7500 Bitcoin has lost $60 billion off its value and is now trading at 1/3 of its high price. Some people will have been utterly ruined by this, and I have sympathy for them - they are people with kids and homes. If bitcoin was a company shares would be suspended- everyone would be expecting a liquidation event It also rose from $900 to $20,000 the year before after similar drops Quote Link to comment Share on other sites More sharing options...
redjambo Posted February 5, 2018 Share Posted February 5, 2018 2 minutes ago, Jeff said: It also rose from $900 to $20,000 the year before after similar drops And so it will continue. Not unexpected when it and other cryptocurrencies have nothing concrete actually underpinning the price, only the vagaries of the punters who are buying and selling it. Quote Link to comment Share on other sites More sharing options...
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