Cryptocurrency

[ChimpMaster]

Zomething's going on.

 

[scooterscot]

Bitcoin correcting as expected. Bitcoin sale now on.

If you're wanting to buy bitcoin with fiat... wait until it bottoms out. $6k at first but may fall to $5.5k

If you're trading bitcoin with alt-coin, nothing really has changed.

 

[VirtualMonkey]

after it bottoms out I would think it's worth moving other alts back into bitcoin isn't it? last time bitcoin went back up it hammered all the others. keeping the zen though

 

[psychocandy]

Now heres a thing and I'm probably stupid. As I've mentioned I've got a Bit tracker fund as part of my pension.

I can buy and sell etc and its almost instant (£12 a time). But thats only whilst markets are open during the working day. So today the bitcoin fund closed a little down but not too bad. Of course, last few hours BTC has dived a lot.

I can place buy/sell orders over the weekend but they dont get processed until monday.

So it closed at 293.80E today. Its not going to open at 293.80E is it surely? Otherwise it would too easy. i.e. Wait and see if BTC actual price falls over the weekend, if it does sell fund at fridays closing price, sit back and wait for fund price to fall (due to weekend BTC crash) and then re-buy for cheaper. And same if BTC rose sharply....

 

[scooterscot]

after it bottoms out I would think it's worth moving other alts back into bitcoin isn't it? last time bitcoin went back up it hammered all the others. keeping the zen though

why? Bitcoin correcting in dollar terms does not change the trading value between an alt-coin and bitcoin.

Even still, i'm holding 30 different alt's, don't have time to flash sell them all. Even still their bitcoin price is hardly affected by the correction of bitcoin. Unless your watching the $ value of alt's. And some alt's do track the dollar, like NEO and Zcash, but most alt's track bitcoin.

 

[scooterscot]

Here's one for free. Lunyr (LUN)

Good chance to see 200-300% gain before year's end. Get in before the bitcoin fork. By Nov 16th cash from bitcoin's surge will pour into alt's.

Over 25% since buying in...

Keep watching, lots of volume coming into this one.

 

[scooterscot]

Factom (FCT) - https://www.factom.com/products/harmony/video

It's a buy up to $50.

Bought several k's of it a while back rather stunned.

 

[glebe digital]

@scooterscot

What's the position on tax?
Are profits classed as income (and taxable) or do they come under HMRC's gambling umbrella, and tax free?

Rather an important issue for you, I imagine?

 

[northernladuk]

@scooterscot

What's the position on tax?
Are profits classed as income (and taxable) or do they come under HMRC's gambling umbrella, and tax free?

Rather an important issue for you, I imagine?

https://www.gov.uk/government/publi...ief-9-2014-bitcoin-and-other-cryptocurrencies

 

[TheGreenBastard]

Now heres a thing and I'm probably stupid. As I've mentioned I've got a Bit tracker fund as part of my pension.

I can buy and sell etc and its almost instant (£12 a time). But thats only whilst markets are open during the working day. So today the bitcoin fund closed a little down but not too bad. Of course, last few hours BTC has dived a lot.

I can place buy/sell orders over the weekend but they dont get processed until monday.

So it closed at 293.80E today. Its not going to open at 293.80E is it surely? Otherwise it would too easy. i.e. Wait and see if BTC actual price falls over the weekend, if it does sell fund at fridays closing price, sit back and wait for fund price to fall (due to weekend BTC crash) and then re-buy for cheaper. And same if BTC rose sharply....

Are you joking? You don't know how the markets work?