comment by Admin1 (U1)
posted 9 minutes ago
comment by BrummieBlue! (U3487)
posted 3 minutes ago
In fact my Litecoin is doing well for me at the moment. I was about $30 in the red with it this morning but it's $85 in the green ATM on a $300 trade!
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It's so volatile the mind boggles
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Yeah, I've got a $70 stop loss (which I'll keep increasing as the profit increases) on it though, so even if it drops I take a profit and re-invest at a convenient point!

https://www.youtube.com/watch?v=yju8nSzyt7s

Might be useful for some of you

There is no Kant on here trading and making 30k at a time, bunch of roasters

comment by I am just McCann these days, Unless I am pumpin ye and ye want to call me Daddy (U21454)
posted 16 minutes ago
There is no Kant on here trading and making 30k at a time, bunch of roasters
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My apologies for not making enough to keep you in coke!

comment by I am just McCann these days, Unless I am pumpin ye and ye want to call me Daddy (U21454)
posted 42 minutes ago
There is no Kant on here trading and making 30k at a time, bunch of roasters
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Lets just say I've seen "holdings" of at least one person on here. And 30k wasn't even half of it.

So worked out Admin2 and I rejected £4.5m worth of coins a few years ago. Because we didn't want hmrc getting upset at using other accounts.

Hmrc and other accounts? How do you mean admin.

comment by Mr Chelsea - Flustrated (U3579)
posted 5 minutes ago
Hmrc and other accounts? How do you mean admin.
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Basically Admin2 and I don't deal outwith a single business account. So it's transparent for tax/audit and year end.

As in if you got paid in a highly volatile crypto, it could be 1/10th the amount you invoiced at the time of realising year end accounts. I suspect even if we had taken crypto payments we would have converted it to £s almost immediately. So it's all a bit moot. Except in hindsight where it is devastating.

comment by Admin1 (U1)

posted 9 minutes ago

So worked out Admin2 and I rejected £4.5m worth of coins a few years ago. Because we didn't want hmrc getting upset at using other accounts.
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Not quite in the same league but about 6 years ago I met a guy on a course I was doing who had just bought 20 BTC with the sole intention of buying herbal products from Mexico on Silkroad. I think he bought them for about £6 each.

I know his product arrived OK and I often wondered if he potentially smoked his way through about £200k worth of stuff or actually realised the future of Cryptos.

comment by Boris 'Inky' Gibson (U5901)
posted 1 minute ago
comment by Admin1 (U1)

posted 9 minutes ago

So worked out Admin2 and I rejected £4.5m worth of coins a few years ago. Because we didn't want hmrc getting upset at using other accounts.
--------------------------------------------

Not quite in the same league but about 6 years ago I met a guy on a course I was doing who had just bought 20 BTC with the sole intention of buying herbal products from Mexico on Silkroad. I think he bought them for about £6 each.

I know his product arrived OK and I often wondered if he potentially smoked his way through about £200k worth of stuff or actually realised the future of Cryptos.
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That's brilliant. Back in the day folk buying a pizza for 100 btc

comment by Admin1 (U1)
posted 9 minutes ago
As in if you got paid in a highly volatile crypto, it could be 1/10th the amount you invoiced at the time of realising year end accounts. I suspect even if we had taken crypto payments we would have converted it to £s almost immediately. So it's all a bit moot. Except in hindsight where it is devastating.
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Devastated - I'd be suicidal!

I'm thinking of accepting BTC as payment at work, more for the novelty value really. I already take credit/debit cards, Applepay etc but with them I know instantly if the payment has gone through.

Easy enough to stick up a QR image of a wallet but I'd hate to find out 3 hours later I'd been bumped.

Might as well if you have the know how on how to do it. Was watching a CNN report today on bitcoin. It showed a bitcoin ATM machine somewhere. Not sure if it was real or not.

Can't get my head round that, what exactly do you get out of one of those machines?

comment by Boris 'Inky' Gibson (U5901)
posted 14 minutes ago
Can't get my head round that, what exactly do you get out of one of those machines?
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An IOU

comment by BrummieBlue! (U3487)
posted 1 minute ago
comment by Boris 'Inky' Gibson (U5901)
posted 14 minutes ago
Can't get my head round that, what exactly do you get out of one of those machines?
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An IOU
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I'd imagine there is a foil scratch cardy 256bit code that you once scratched can redeem it against a coin stored in another underwriting wallet.

Twitter and Reddit holds the key to alot of these rises/falls.... far more so than charts and techniques.

Steam (huge gaming platform) announced they would stop taking bitcoin as payment due to high fees.... the next day litecoin announced a deal to pay for steam games with ltc.

Massive gains ensued.

Follow all the coins on Twitter... set up alerts

Follow the official accounts jsp?

Bought 1 litecoin at £73. It's £123 this morning.

Yea... follow all the official coin accounts... plus some crypto news accounts. Then try to spot which news will go viral

Partnerships with bluechips or big apps... New wallets... real world use cases... new tech (eg lightning network)...

And bad news too... backed up transactions... hacks... government crackdowns etc

Cheers jsp. Makes sense.

Also..... bad global news seems to boost Bitcoin.... north Korea threats... trump war tweets etc

I think similar happens with gold?

I'm hoping we'll see the bitcoin rise this weekend that you mentioned due to the futures launch

Yea, seems very cautious the last two days.... Maybe the NiceHash hack has calmed the market a bit.

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 hour, 1 minute ago
Also..... bad global news seems to boost Bitcoin.... north Korea threats... trump war tweets etc

I think similar happens with gold?
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Gold has an inverse relationship with the US Dollar. When the $ is strong, gold drops and visa versa!