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clive_road_stamper Posted on 07/12/2018 10:55
bitcoin threads
 
 
just looked back on some of the bitcoin threads on here over the last 12/24 months.

As the price there continues to tumble down 10% just today there are some interesting views that looking back with hindsight have proved to be absolute tosh.

Anyone here went short and made some money ?

Or anyone care to talk about some big losses - dont be shy. You will be a bigger man for it

btw a few etherium fans pushed hard on here tis a bigger disaster 10K invested at the peak is barely worth 500 quid


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Jonny_Rondos_Disco_pants Posted on 07/12/2018 11:07

bitcoin threads

 
I know someone who made £1m from Eth

I know lads who ate still well up but could have made £750-800k if they cashed out.

Itís not dead and buried.
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MightyDuck Posted on 07/12/2018 11:13

bitcoin threads

 
Wasnt around the £2k mark the start of the clamber to buy?
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UTFB_1986 Posted on 07/12/2018 11:18

bitcoin threads

 
Someone who made £1m, really ? Whatís he done with the money. Has he even got the money ?
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clive_road_stamper Posted on 07/12/2018 12:04

bitcoin threads

 
"if they cashed out"
why didnt they ?

Well if they were looking at 800K which I presume is calculated at peak no doubt, thats probably worth 40-60 K now. quite a hit
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HezBurra Posted on 07/12/2018 12:33

bitcoin threads

 
Someone who made £1m, really ? Whatís he done with the money. Has he even got the money ?

I also know someone (maybe the same person) who made in excess of this, and they still have the money, its invested in other ventures.
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gramercy Posted on 07/12/2018 17:57

bitcoin threads

 
Quite why youíd start a thread to highlight your smugness about peopleís investments losing money is beyond me.
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gramercy Posted on 07/12/2018 17:59

bitcoin threads

 
Actually having said that, I do know.
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MrIsaac Posted on 07/12/2018 18:48

bitcoin threads

 
You only lose/gain on your investment when you sell.

The market has collapsed since its peak at the beginning of this year, but anyone who held their coins, hasnít lost a penny if they donít sell them.

Itís obviously a fantastic time to buy crypto currencies. They maybe at very low levels now, but their future worth and potential to earn huge sums from them still exists.
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Mfc79 Posted on 07/12/2018 19:07

bitcoin threads

 
MrIsaac, is it a good time to buy or are are they going to fizzle out to nothing? Genuine question as my knowledge on this is pretty limited.

A friend of my brother who lives in mbro has a ridiculous amount of cash invested in etherium. He bought them the day they came onto the market so hes made a killing but nothing compared to what they were worth.
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MrIsaac Posted on 07/12/2018 19:20

bitcoin threads

 
The huge amount of investment in technology linked to crypto currencies by some of the most successful companies in the world, is all you need to know.

It is a simple case of buying as low as possible in a coin that you have researched, and having the patience to see them rise enormously at some point in the future.
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Mfc79 Posted on 07/12/2018 19:23

bitcoin threads

 
[^]
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Facefuzz Posted on 07/12/2018 19:33

bitcoin threads

 
I've lost about 200 quid[:P]
But I haven't cashed out yet.
I bought lowish last November. More an interest thing than anything else.
Got a mixture of coins.
If I lost the money I wouldn't be bothered. I never use more than I have.
A friend of a friend I know made over a million. Boro lad.
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MrIsaac Posted on 07/12/2018 19:35

bitcoin threads

 
I have two millionaire nephews as a result of crypto currencies.

It can be done.
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benboro1 Posted on 07/12/2018 20:31

bitcoin threads

 
So which Tiffy made a million?
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redwurzel Posted on 07/12/2018 21:46

bitcoin threads

 
The common reaction to a following price 6 months ago was to buy more at the lower price - from my memory.

I never touched them looked like Tulipmania to me. People understood the advantages of blockchain technology and saw cyber currencies were the best way into block chain. Like tulips there was no solid way of putting a value on bitcoin and all its brothers and sisters. A few people were tulip millionaires i.e those you got in early and sold at the peak, but most lost. It will be the same with Bit Coin.
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TheFair86 Posted on 08/12/2018 09:57

bitcoin threads

 
The common reaction to any bitcoin price drop is to buy more, itís a weird cultural thing thatís been going since the first crash and has probably propped up the price w fair bit over the years as people who are all in keep on buying more when others are selling, stopping it dropout quite as much. Itís still massive profit for some people - remember that a guy in 2010 bought two papa johns pizzas for 10,000 bitcoins.

If he had sold when it hit 15k that would have been £150m, he is probably sick as a dog of people mentioning that. Even at todayís price 2600 it would be £26m

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Jonny_Rondos_Disco_pants Posted on 08/12/2018 10:37

bitcoin threads

 
Do you really think iíd post names on here?

A spark has made far more. He was in very very early.

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benboro1 Posted on 08/12/2018 13:56

bitcoin threads

 
Good luck to them, not into it myself but wish I'd bought a shed load of Fevertree shares back in 2015 instead, which still have quite a tangible gain now.
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