To ask if anyone dabbles with bitcoin?

[MollyWantsACracker]

Disclaimer: I am totally clueless

I bought a few euro worth today, just for fun really

Anyone else?

Martyn Lewis put it very well on his programme last week.
He told an enquirer that if they were asking him about cryptocurrencies thet really shouldnt be investing.
There are loads of companies who will invest on your behalf. You need to really do your research and get educated about blockchain technology.
People who have been investing and trading for the last 7 or 8 years have done very well, but it isnt on line bingo, or easy profits for amateurs. And definitely not something you can learn about from a few posts on a forum.
People need to take great care and educate themselves.

End of
I agree but only if putting down life savings... A few pounds... Nothing to stress about

Dh setting n
Me up a wallet now. I'm buying done bitcoin and some of the lite coin.

Stumbled on I'd. Wouldn't do it through Web cam

End ofi disagree bitcoins and the block chain is a very simple concept that anyone can pickup. You don't need to know much but like any investment you shouldn't risk only what you can afford to lose.

Investing in anything is for everyone to get involved in and learn more, not just for "experts".

We are investors but I wouldn't invest in Bitcoin. I'm reminded of the Dotcom companies that were all the rage for investors some years ago.

Place marking

I’m an investor as well as a holder of Bitcoin and I think if we can all agree that buying Bitcoin is gambling, not investing, there might be a lot less heartbreak if it all goes poof.

Ok I have a walker, bitcoin and the other one, no life savings, a very small... Gamble I'm viewing this as an experiment and gateway.

I'd say it's more a currency that an investment or gamble. Then again an investment can be a gamble. Some people call scratch cards an investment, that's a gamble!

Some banks will close your accounts if you invest in crypto-currencies or known crypto exchanges. So check with them before you do it.

Or the AIM market where I spend most of my life. That’s a gamble disguised as an investment. I don’t use stop losses and once woke up on holiday while in NYC to discover that one of my AIM stocks had crashed 85% on some very very bad news. I’d blissfully slept through the opening of the LSE. That was painful.

I think this thread is good evidence of close to the end of the mania.

So many ordinary people ‘investing’ in something they hardly understand. Yes there is a limited supply of bit coins but what happens when they are all ‘mined’? Why should people continue to think of them as a store of value at all?

Strikes me that there is an infinite supply of crypto currency and none of it is backed by a government, a central bank or 90% of the population.

At least people liked the colours of the rare tulip bulbs.

The last Bitcoin will never be mined.

If it's a mathematical thing why is there a certain number than cannot be increased. And why wo nt the last one be mined.

I've read up on Wikipedia and still don't get it :(

DH mined his 7 years ago. They’re worth a mint now.

Gotta feel for this guy. The bitcoins he lost are worth £60m today!

The last one won’t ever be mined because the reward is split in half every so often. That last Bitcoin will be eked out into infinity. In theory, the protocol could be changed to increase the number of Bitcoins, but given that that’s at a time well past our lifetimes (over 100 years from now), it’s kind of irrelevant.assumes bitcoin will still be here in 100 odd years time.

It's a scheme. It gets hyped - the price goes up. People who know what they're doing convert it into cash and the price plummets. The difference between this and current currencies is that there's nothing backing it and no place to go if you lose everything. It is interesting because it's bank free but you do need to know what you're doing and not put in money you can't afford.

Bitcoin has gone to shit this weekend. I've lost £25. Be careful people.

P.s. If I'd bought with £250 in, I would have lost £250. Same with £2500. To put it into perspective.

MPichu Did you definitely buy Bitcoin? It’s jumped from £8,000 yesterday morning to £8,700ish just now.

No it was dash. I have £1000 waiting to put on bitcoin but it seems impossible to buy at the minute, I keep getting outbid.

Outbid? Are you on some sort of trading site? You shouldn’t be bidding for Bitcoin if you just want to buy and hold it. You should just make a purchase from an Exchange.

Dash is not Bitcoin!

I have a relative who posts about Bitcoin on Facebook all the time. I worry though that it will be like the dotcom bust of the late nineties. However I could be wrong. I don't know much about it apart from it has risen massively in value. I don't know why it has risen in value so much but wonder if it's just everyone trying to get on the bandwagon or is there a real underlying economic reason for its growth