BITCOIN as an alternative to regular currency

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sora
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mcfc1981 wrote:
Wed Aug 09, 2017 5:53 pm
where is the best place to buy bitcoins?
found coinbase a waste of time
Exchanges tend to be the cheapest places to buy bitcoin. Coinfloor is the the most liquid GBP exchange. If you have an EUR bank account then there are more options like Bitstamp, Kraken, GDAX.

There are also other options like bittylicious (high fees) and localbitcoins (p2p), but I haven't tried those.
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megarain
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I cant take it anymore .. $600 a yr ago, to $4200.

Have opened a spread bet, to the sell side.

($10 bid/ask spread on Igindex)
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ruthlessimon
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megarain wrote:
Mon Aug 14, 2017 12:28 pm
I cant take it anymore .. $600 a yr ago, to $4200.

Have opened a spread bet, to the sell side.
Hope you know what you're doing :?
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megarain
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Ok, Will do the 'sensible' thing, and take the 170 points profit.

Out .. for now .. but, see u can now trade Ether and Bitcoin cash on IG .. if only the spreads didnt rape u ....
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megarain
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Bollox !!!

A day later, it drops another 400 points. POS.
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ruthlessimon
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megarain wrote:
Tue Aug 22, 2017 12:08 am
Have opened a spread bet, to the sell side.
Worth having a watch of this guy. Always good to understand the alternate opinion (https://youtu.be/gucldeyRYJ0)
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Euler
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Dallas
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Euler wrote:
Tue Aug 22, 2017 9:05 pm
Good documentary: -

https://www.netflix.com/title/80154500
Thanks for that, it was a interesting watch especially from the history perspective of how its got to were it now is
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mjmorris335
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A friend of mine has got involved with cryptocurrencies in the form of something called BTC Packages through a company called USI Tech. She buys these packages at 50 Euros a time and she says she's making an average of 1% a day Monday to Friday, every week paid in bitcoin.

I've had a look online and it immediately struck me as some sort of MLM scheme, but I can't find anything definitive to put to her. She's a pensioner, doesn't have a great deal of money and she's bought in to this hook, line and sinker.

Anybody know anything about this company?

Mike
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mjmorris335
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Nobody?

Mike
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ruthlessimon
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Joined: Wed Mar 23, 2016 3:54 pm

New all-time highs
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ruthlessimon
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mjmorris335 wrote:
Thu Aug 24, 2017 4:19 pm
I've had a look online and it immediately struck me as some sort of MLM scheme, but I can't find anything definitive to put to her. She's a pensioner, doesn't have a great deal of money and she's bought in to this hook, line and sinker.
God, certainly looks like it doesn't it. Cringeworthy watching these reviews & "recruitment bonuses". If I was her I'd quickly withdraw & run the hell away before it's too late
RalfusDawes
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My intuitive side wanted to buy a few Bitcoin when they were $2 each, but my risk-averse side said no - it's probably a ponzi scheme, don't throw your money away. I got in after the first big pump and dump, traded in and out of fiat, and built my bank up... then the exchange I used (btc-e) got raided by the Feds. ffs - now look at the price!!!

There are now so many different crypto coins and ICO's, or platforms built off ethereum or what-have-you. It reminds me of a quote I read somewhere - "If you see a bandwagon, it's too late".
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ruthlessimon
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RalfusDawes wrote:
Tue Aug 29, 2017 7:02 pm
My intuitive side wanted to buy a few Bitcoin when they were $2 each, but my risk-averse side said no - it's probably a ponzi scheme
You weren't alone. Just look @ page 1 of this thread. It's a lovely time capsule. (£60 for a Bitcoin) BUT hindsight is a VERY wonderful thing. If Ferru was still around - think of the extreme gloating - arguably the ultimate trend this side of the millennium. Also, I wonder if Peter's friend who had 1000 Bitcoins held on (& accumulated) during the deep retracements of 2014 - 2015. What that phone call would be like today :) Peter might have cost him becoming a multimillionaire!
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Euler
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History is there for us to learn from, but few actually do.
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