Acceptance and taxation is not a bad thing, its a good thing. I have no qualms paying taxes on my profits if doing that means more people buy and use bitcoins and thus my profits are more than they would have been otherwise!  |
|
|
|
The end is finally near guys, this morning I got a lift from my mum. She knows I've got some bitcoins and laughed at it as a silly investment. But this morning she was asking me more about it and said she is thinking of cashing in some investments that are doing nothing to buy some bitcoins. She said she was reassured after reading about what occurred with the US senate yesterday and the amount of coverage in the news including the BBC. http://www.bbc.co.uk/news/technology-24986264Good times ahead I think |
|
|
|
|
It's hard / expensive to get money to the exchanges. The only option is to do a SEPA transfer to one of the exchanges, and then there is a several day wait, plus several bank charges and none of the banks accounts I have allow SEPA via internet so I have to call them or go in branch and do it manually, and then they don't like it with large sums of money.
BTW, did I mention the fees for SEPA? Oh and the terrible rate most of them give for £££ to euro exchange for a SEPA transfer.
It all adds up, but yes the rates on places like localbitcoins are inflated, but if you want bitcoins NOW and not in 3 - 5 days, then it can still be more profitable.
|
|
|
|
Also, kinda disapointed that bitcoinity didn't start playing "Number of the Beast" by Iron Maiden when it hit $666  |
|
|
|
That was scary...Gox stuck at $666...  Bitcoin is the devil?  |
|
|
|
|
If drugs were such an issue to a country they would just go into a total clampdown, life sentences for anyone found selling, no matter the quantity.
In actuality, they would still probably be better off just legalizing everything and taxing them like tobacco and alcohol, both of which cause more harm overall than illegal drugs, and in countries with national health like the UK they cost a fortune in health care costs.
|
|
|
|
|
China just dropped to 3600, still even if we have a huge 50% crash to $300, we are still up this month. People think too short term I think.
|
|
|
|
Yes. The selling was according to my divestation plan, but the timing was unforgivingly bad. Following the plan with clear head and analysis, I would probably be selling right now. Instead I sold way too early (in monetary terms, even though it's only a few months) and therefore don't have a new house for Christmas  Join the club mate, I sold about 50% earlier this month to get back my initial investment of £££ and so I wasn't full in BTC as it was getting too scary. If I'd only waited a bit long I could have sold 25% instead, but thats life eh? |
|
|
|
Did anyone see the cookie monster picture on bitcoinity when the price hit $600? Nearly choked on my breakfast when I saw that! I am moving my stash to a paper wallet and locking it away in my fire safe and hiding the key somewhere awkward for me to get to and then sitting on my hands, I think the next few months are going to be crazy and the best thing to do whilst it shoots up and possibly tumbles back down a few times is to just sit tight and hold! I've already sold too many and now I just need to hold tight with what I have left. |
|
|
|
Try over 600 now, on Gox anyway |
|
|
|
|
I'm waiting for £20,000 per BTC, I should be able to retire then. If it could happen before 2025 that would be nice as I'd like to retire before 40.
|
|
|
|
|
Surely the more tangible question should be, when will 1BTC buy me a huge house with a swimming pool, a Lamborghini, a Porsche for the missus and still leave me change for a around the world cruise and put my kids through private education.
|
|
|
|
The risk with cold wallets is if you lose access to the physical location where the paper is stored.
I just bought myself a 60 minute fireproof, 24hr waterproof safe just for this purpose. It cost me £60 which is nothing when talking about securing something that is worth more than 100x that currently and potentially more in the future. http://www.thesafeshop.co.uk/products/f2300-waterproof-fire-chest.html |
|
|
|
|
I had a realistic think about things and decided for now I will just try and keep this car running, its nearly 9 years old, about 70,000 miles so its no spring chicken especially for a petrol engine. It doesn't sound as healthy as it used to but I think the only major issue at the moment is the clutch probably needing replacing in the near future. £500 is nothing in reality if I get several more years out of it.
Also, public transport is great where I live now (busses and trams to near work), but I am moving soon further into the sticks where its 1 train per hour so car is definitely better!
|
|
|
|
Has anyone gotten any response to anything sent to BTCJam in the last month? Is this project still going, or is basically all running automatically, but is otherwise abandoned?
I got a response from support@btcjam.com the other day within 24hrs of emailing them. I was asking what, if anything, will done about the massive default of Ziggap (Ryan Schreiber and Stormy Schreiber). They said they are going to talk with their legal department about if they can do anything about releasing information to the lenders, the defaulted amount is about 1000BTC / $350,000 which is a rather hefty sum of money. |
|
|
|
|
I am wondering if anyone has any thoughts on the best way to put bitcoins in your will? I thought about a paper wallet but then I wouldn't want to hand this over to a solicitor because then they in theory would have access to my stash, assuming they had any clue what a bitcoin was and how to cash them out.
I am off to write up a will later this week and whilst my stash isn't worth a fortune its not an amount I should leave out of my will for my partner / family but I'm not sure what the best way is of including it in?
I assume some others must be in the same situation and may have already come up with a good solution already?
|
|
|
|
That's still a pretty sweet ride, I was looking at something a little more tame like a Peugeot 208 or Audi A1 |
|
|
|
What sort of repairs? Some stuff becomes a money pit while others are good for as many years again once they're done. +1 to others here, hang on a while and get a porsche for pocket change Clutch is on its way out, repairing it won't be cheap and I'd rather spend the £500 or so on my next car than keeping this one running. This will be the second time I've replaced it since I've had the car, this time probably because I taught my girlfriend to drive in it |
|
|
|
I sold 500 Btc for 119.999 to buy a car.
Worst decision I have ever made. The effective cost of that car is $175000. Do you want to be in the same position when Bitcoin goes over $1000? Or over $10k which you know will happen in the next few years?
Don't sell!
$100,000 for a car? What did you buy? Also, I take your point, unless I had a Ferrari or Lambo I would be very grumpy if it effectively cost me a fortune for a regular car. |
|
|
|
|
Well I never thought it would have gone this fast else I would have gone all in at £6 last November! I'm not sure what the future of BTC is, it has the potential to be 100x the current value, it also could drop down to nothing as well.
I think I will hold tight and see what happens, hopefully turning what is a nice chunk of profit into something that could buy a house in 5-10 years time.
Financial risk is not something I am fond of, I don't like debts, which aside from a mortgage I am free of now.
|
|
|
|
|
Show Posts
