OK I've got some spare GBP. Should I buy BTC now?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cryptocurrency
Collapse
X
Collapse
-
Last edited by Lockhouse; 17 January 2018, 10:18....my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
-
Originally posted by psychocandy View PostYeh still got to get my head around that. I still look at how much their all worth in $ and how much I can get if I cash out.
Have increased my alt-coinage by about a third over the last month without spending any more FIAT just by accumulating.
Reading the Ripple channel on Reddit, full of folks who bought in a $3+ with the suicide hotline on speed dial. "It's going to $10" - and yet no one mentioned where it came from 20 days earlier, $0.20c!
If you're seeing a 1000%-1500% gain on your alt, exchange into BTC. Don't be a 'New Paradigm' newbie."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by VirtualMonkey View PostYour alts are all valued in BTC so even thoguh you don't have any actual BTC you have a value of them in your portfolio. As the alts go up in price relative to BTC you effectively gain BTC...which is what Scooter means. Assuming BTC goes up to where it's expected then it's a double winner...more bTC and higher value for it.
I started with 0.25 BTC and although it's now down to 1.34BTC (from highest of 1.6) I'm very pleased so far
If that BTC is in alt's and you accumulate up to 10 BTC."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostYou'll be joining the millionaires club by the end of the year.
If that BTC is in alt's and you accumulate up to 10 BTC.Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
-
Originally posted by VirtualMonkey View PostYour alts are all valued in BTC so even thoguh you don't have any actual BTC you have a value of them in your portfolio. As the alts go up in price relative to BTC you effectively gain BTC...which is what Scooter means. Assuming BTC goes up to where it's expected then it's a double winner...more bTC and higher value for it.
I started with 0.25 BTC and although it's now down to 1.34BTC (from highest of 1.6) I'm very pleased so farComment
-
Originally posted by scooterscot View PostYou'll be joining the millionaires club by the end of the year.
If that BTC is in alt's and you accumulate up to 10 BTC.
SC, Zen, SALT, GNO, GEO, UKG, DNT, DCR, XMR, BCC, OMG, VTC, XVG, STEEM, 1ST, POWR, RDD, FTC, ADA, ETC, SYS, QTUM, SNT, XEM
Quite a range but only small amounts in eachYour friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
-
Originally posted by Lockhouse View PostOK I've got some spare GBP. Should I buy BTC now?
Yes. If you've got £1k to spend do this: 50% today. 50% tomorrow or the day after. If it's lower, you've hedged and bought at a better price overall. If it's higher and you bought in, you've paid for you hedge
Bavarian radio for you... now I'm thinking he's not singing about Bitcoin.
'You spin my head right round right round when you go down down'
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
-
Originally posted by FrontEnder View PostYou've done well there. I started with a similar amount but still haven't managed to trade up to a whole bitcoin. Was up to 0.75 at one point, 0.56 at the moment.Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
-
Originally posted by VirtualMonkey View PostCurrent ALTs are:
SC, Zen, SALT, GNO, GEO, UKG, DNT, DCR, XMR, BCC, OMG, VTC, XVG, STEEM, 1ST, POWR, RDD, FTC, ADA, ETC, SYS, QTUM, SNT, XEM
Quite a range but only small amounts in each
Holding about 30 different alt's myself, all of above except for UKG."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
- Will HMRC’s 9% interest rate bully you into submission? Nov 5 09:10
- Business Account with ANNA Money Nov 1 15:51
- Autumn Budget 2024: Reeves raids contractor take-home pay Oct 31 14:11
- How Autumn Budget 2024 affects homes, property and mortgages Oct 31 09:23
Comment