I've recently took the plunge and made a small investment in several "cryptocurrencies" - mainly Bitcoin, Ethereum & Monero. Does anyone else have any interest in this growing market?
Are you gonna sell shortly RB1992?It's an interesting market at the moment. There's talk of the bubble bursting within the next few months, but then there's also talk of it exploding 100x/1000x over the next year.
Basically, no-one has a f**king clue what's going to happen. Looking forward to the ride though.
Not sure if its a bubble but its got to level out at some point. Thing that is driving the popularity is the anonymity they provide, most of the shady shit on the dark web uses bit coin. Because the benchmark 10k was reached today there have been a bunch of stressed bankers come on the radio talking about bubbles but i'm not convinced its not just sour milk. they are no longer getting the cream.Are you gonna sell shortly RB1992?
My mate (ex banker, ex broker & current venture capitalist told me to get on bitcoin back in July....already relatively late to the party he said.....they were around $2.5K USD.......just seen its gone through the $10K mark today!!
....I didn't feel I understood enough about it to invest...how I wish I'd taken the punt as I was initially looking at 2......so would have been about $15K up.....
Still can't get my head around whether it is the biggest bubble since the Tulips or whether its gonna keep climbing......
IOTA is my next target, as I have heard similar things about its structure and possible future uses. Unfortunately I have to wait 15-20 days for ID authorisation on Bitfinex before I can buy any!I missed out on the bitcoin price explosion despite having a clear heads-up from my finance mate......see earlier in the thread.
However, the same bloke has recently persuaded me to take a punt on IOTA.......looks very interesting & from my limited understanding of the technology, appears to have a great chance of being THE one for a longer term punt.....
My mate has even agreed to act as my broker, so I didn't have to arse about getting BTC & buying on the exchange etc.......just sent him GBP.
So....lets see where this goes......could make me £100K in 12 months, or I could lose the lot tomorrow.....
ooohhhhh.....Bosch venture capital appear to share our views.....IOTA is my next target, as I have heard similar things about its structure and possible future uses. Unfortunately I have to wait 15-20 days for ID authorisation on Bitfinex before I can buy any!
Can you explain to me why you think so? Genuine question because I don't get it.cryptocurrency in general has a big future......
It's not as anonymous as many people think. All transactions are logged on the blockchain and can be traced. Also (unless you are a miner) the only way you can buy or sell Bitcoin is via a bank transfer to or from a Bitcoin exchange and all of these are reported by your own bank to the Inland Revenue, DWP, etc.I understand it is useful for criminals wanting anonymity on the internet