BITCOIN as an alternative to regular currency

[fahivechh]

Bitcoin is not an alternative to currency and never has been. Bitcoin is a good way to buy something without paying taxes, and something in a dark market. You can also trade it, but it’s better to use other cryptocurrencies for this, plus you can also use bots as from my list - best crypto trading bot (if I get a commission from them if that )

[weemac]

Just spotted Bitcoin cash price fell 35% in the space of 2 hours this morning. I wonder why the sudden move.

[Euler]

So much for it being a hedge on 'normal' assets!

[Euler]

21:30

-28.77%

$5.6k

Curiously, Bitcoin, indexes, Gold, Oil all down.

[weemac]

A ban is to be introduced from Jan 6th for retail traders on trading CFDs or spread bets on Cryptos as they are "ill-suited for retail traders due to the possibility of sudden and unexpected losses". (Source: FCA)

The nanny state extends its grip. Again.

[The Silk Run]

Migrate to Gaming. NOT included in the UK governments wide ranging reviews, and consultations !!!

[superfrank]

Bitcoin up 5 fold since Covid lows in March.

I read that Lily Allen was once offered 200,000 bitcoin to play a gig. She turned it down!

[Euler]

It's interesting, as Bitcoin more or less shares the same problems as conventional assets, probably worse. FOMO in full effect at the moment.

Widestream acceptance is growing though, so that will drive it short term.

[gutuami]

a new high

[Dallas]

a new high

Crazy that over the weekend it lose 20% of its value and now has regained it in just as many days

[weemac]

I've read a few press stories recently of lost/thrown away/forgotten passwords which mean hundreds of millions worth of bitcoin are lost forever. One guy has used 9 of his 10 attempts to retrieve $240 million of coins. Another hid his in a fishing rod which was thrown away while he was in jail. There must be loads of folk in similar situations.

https://www.theguardian.com/technology/ ... in-account

https://www.theguardian.com/world/2020/ ... g-rod-case

[Dallas]

I've read a few press stories recently of lost/thrown away/forgotten passwords which mean hundreds of millions worth of bitcoin are lost forever. One guy has used 9 of his 10 attempts to retrieve $240 million of coins. Another hid his in a fishing rod which was thrown away while he was in jail. There must be loads of folk in similar situations.

https://www.theguardian.com/technology/ ... in-account

https://www.theguardian.com/world/2020/ ... g-rod-case

I heard that $240m one the other day (if it was the web guy paid in BC several years ago for some work), at the time he had used 8 attempts at the time.

What a sickening feeling it must be

[spreadbetting]

I remember years ago signing up for some crypto currency that gave out $15 worth for signing up, can't for the life of me remember which one it was now. Got some for me and my kids, just have to hope it was one of the ones that bombed as there were loads of them around about 8 years ago.

[weemac]

I've read a few press stories recently of lost/thrown away/forgotten passwords which mean hundreds of millions worth of bitcoin are lost forever. One guy has used 9 of his 10 attempts to retrieve $240 million of coins. Another hid his in a fishing rod which was thrown away while he was in jail. There must be loads of folk in similar situations.

https://www.theguardian.com/technology/ ... in-account

https://www.theguardian.com/world/2020/ ... g-rod-case

I heard that $240m one the other day (if it was the web guy paid in BC several years ago for some work), at the time he had used 8 attempts at the time.

What a sickening feeling it must be

Yes, it was him (8 out of 10 he's used). Another programmer tweeted him saying he'll unlock it for 10%. Would you trust some random on twitter??

[Dallas]

I've read a few press stories recently of lost/thrown away/forgotten passwords which mean hundreds of millions worth of bitcoin are lost forever. One guy has used 9 of his 10 attempts to retrieve $240 million of coins. Another hid his in a fishing rod which was thrown away while he was in jail. There must be loads of folk in similar situations.

https://www.theguardian.com/technology/ ... in-account

https://www.theguardian.com/world/2020/ ... g-rod-case

I heard that $240m one the other day (if it was the web guy paid in BC several years ago for some work), at the time he had used 8 attempts at the time.

What a sickening feeling it must be

Yes, it was him. Another programmer tweeted him saying he'll unlock it for 10%. Would you trust some random on twitter??

Not when Twitter is made up of 90% nut jobs