CFDs are a ridiculous way to bet on crypto currency. Why not actually have the currency, rather than just a wager on the currency?

Thanks for that. It rings true to me.

Sounds like the ambition of the corporate capitalist world too. Increase profits, wealth and ownership for the selected few and reduce wages, costs, and social interference/political oversight.

There is no reason why the person behind satoshi nakamoto isn't a douche bag. They came up with a clever new idea (for whatever reason) and it caught on. Their original intention, their motivation and their personality are irrelevant. Who cares. It's a new kind of money, not a religion.

Put it in a long term wallet, delete all bitcoin related bookmarks and set an alarm for next spring to check on progress.

Some of us bought at the $1300 high a few years ago... And eventually it worked out.

Ignore all these "traders" who "know the market". They are coin flippers. Some are lucky gamblers who think they are skilled. Some are unlucky gamblers who understate losses.

Crypto currencies have huge *potential* but are currently not particularly useful. The price they are currently trading at is either an optimistic assessment of their value once they become more useful, or an optimistic assessment of how likely they will become useful.

As such they are overpriced for the situation we have right now. But *could* be cheap compared to what they might become in a few years.

The dotcom boom did see a lot of frothy nonsense getting investment. Stuff that evaporated once confidence ran out. But a decade later some of the dotcom companies are now the biggest companies in the world.

Likewise with tulips. The Dutch tulip industry is a multi billion euro industry.

I suggest using bitbargain:

https://bitbargain.co.uk/buy/from/MrBTC

What you will notice is that they usually sell at about £50 over the stamp gbp spot rate - sometimes higher. However this changes all the time and often a newbie/desperate seller will appear and sell at or even below spot - then all the established sellers will drop their prices to match. This seems to happen most days.

The political aims of the bitcoin creators and pilots were pretty dubious. Bitcoin is money, and money is naturally a corrupting force that governments and banks have the greatest skill and interest in exploiting. The original aims will dwindle as adoption increases, price increases and banks and governments take over bitcoin.

I am willing to bet kwuk has a stack of btc. He gets superstitious and anxious when the price goes up and posts up this troll stuff. The pattern is pretty clear.

Not their style.

Like many others on this thread, I don't post much and have ridden on the back of the honey badger since 2013 - getting a hell of a ride and being scratched to pieces.

First bought 60 btc @ $32 and was reselling to the UK for a 20% premium. Was mainly making easy money as I was getting the resell mark up + the rising price. Weathered the  $266 peak and crash but didn't time it well. Kept a few coins, and then totally mistimed the market again and managed to buy high and sell low. Lesson learned, I don't have the temperament for trading at all.

Ended up with a few coins that were worth a quarter of what I paid. Lol! I was almost the first person to reply to the hodl thread! The legendary one! I did exactly the same as him and was going to say that I would join him in hodling. I typed the post in but had logged out and it didn't submit. Now I am more gutted about not being the second hodler ever than any millionaire bitcoin pipe dream.

It will take btc to go $100k plus to make any big difference to my life, I just don't have that many. But I'm waiting for that. Shit or bust!

This board is hilarious. Trolls or dimwits 

Selling at a miniscule profit, or even a slight loss is better than selling after a huge crash.

Yes capital gains tax applies. However there are a few important details. It is a tax on gains - not on total. So it does depend on purchase price.

Firstly you get 11k of gains as an allowance. After that the income tax thresholds apply. These are annual allowances resetting in April. So consider the timing of any declaration.

There is something called entrepreneur lifetime relief. This is for people selling up a company and retiring - if you can work out that - you get 10 million tax free.

https://www.rossmartin.co.uk/tax-guides/110-capital-gains-tax-rates-a-allowances

Some life advice. Go and look up "game theory" and do some reading.

Hindsight is 20/20.

I first bought btc at $11 each. I made quick and easy money trading them locally. There wasn't many people who had an exchange account back then, so you could make 20% on each transaction. At the time this was a great bit of business as a small side hobby. I carried on trading and making money on the arbitrage right up through the first bubble... So when the bubble popped I was left with a massively reduced value inventory!

This week is the first time in 3 years that I have broken even

My claim to fame is that I was almost the second ever hodler as I was about to post a reply to the hodl post but wasn't logged in.

It's far from clear whether HFTs benefit anyone other than themselves.

Bitcoin is a ridiculous solution to the Venezuelan currency crisis. The people want to move to a stable currency, not a crazy one. Bitcoin may find its calling in the next few years, but this won't be it.

If the Chinese are using btc to cash out of China, or western whales are profiting in China and selling to Western exchanges, why is there no reciprocal volume on western exchanges?

Shakes head... This particular board seems to be a filter for all of the dumbest members of bitcoin.talk. Sorry, I don't mean to pick on you, but this comment is particularly foolish.

Yes, right now $500 seems like a great buy... because the price is way over $500! If you can find anyone to sell you btc @$500 then of course it's a good buy. The current price factors in the situation right now. Some would say that the price *is* an accurate summary of the situation now.

Now if there were a bunch of reasons, or a big reason for the price to drop to $500, then $500 wouldn't be a good buy to most people. By definition it would be a good sell for around half.

Hindsight makes it all look like a simple story that even a child could predict. And yet ahead of us there is only the black unknown.