Nope. It's an interesting one though as it was a rise that was very much predicated and a crash which people have been calling for years but hasn't happened. It was always high risk but some people must have made an absolute mint on it. More akin to gambling than investing I'd say.
Yes, I moved some BTC to Ethereum and Monero when BTC hit $25 before Xmas, they are near $50 now! Just a bit of fun for me, no serious money
No, and don't properly understand it enough, but the I suppose how many people actually completely understand the banking system of currencies used today around the world. Once we become a cashless society, then the need for current traditional currencies will probably eventually vanish with it, over the course of time. So bitcoin probably does have a market for the future, but what legal (digital/crypto) currency will evolve is to be seen. I think the German Banking system, see a digital currency by 2030, the Americans argue you won't see one anytime soon. Europe and the UK for a longtime have I feel been well ahead of the US in contactless payments, and only legal moves will prevent cash from being a thing of the past.
I heard recently about some bloke who had bought bitcoins about 10 years ago, they were now worth gazillions but he'd forgotten the password and had a week or something to unlock it or lose it all. He'd had 8 attempts and only had 2 goes left and if he got those wrong he'd lose it all as well. Can't request password reset as it's linked directly to the hard drive or something like that? Pretty sure it wasn't some urban myth as it was on the news. Gotta feel almost as bad as Liverpool winning the league then losing it before lockdown is over. Almost.
There was a story about a bloke who supposedly had millions of it and it was on a computer that had ended up at the dump, and he’d been trying for the last couple of years to get access to the tip, offering a chunk of the cash for the privilege. As with your tale I’m pretty sure that one was also absolute bullshit and a figment of a damaged mind.
The top one is true (or at least it is true that he did at one point have the Bitcoin he says he still has as the person who gave them to him has shown that the transaction occurred so it's likely to be true). It's a guy who works in IT and was paid for some work in Bitcoin that was, at the time, worth a few thousand but is now valued at a couple of hundred million. There wasn't a time limit on him getting it but he had indeed forgotten his password and it wipes after 10 attempts. https://www.bbc.co.uk/news/technology-55645408#:~:text=We've all been there,£175m) worth of Bitcoin. in the article it says it's worth "£240m" but with the jump since then it's now more like "£320m". The article also mentions the Welsh guy you talk about Tobes but that one is harder to verify as it's just the guys word. In the article it says "worth £4m", that'd be worth £330m now... jeez. https://www.bbc.co.uk/news/av/technology-25138627
Out of curiosity, IF his story is true, why would he throw a hard drive away? Surely you throw the computer away, but take the hard drive out beforehand.
My mate chats to me about it all the time, he’s got some of my money that he said he’s invested since about 2013 in stuff like this but I don’t really pay attention when he’s talking about it. Bores me to be honest, bunch of lads getting excited and calling their bedroom investments ‘Side hustles’ 99.9% will fail miserably long term and some folk are gonna get burned. Creation of a new wave of gamblers, fast becoming its own pandemic.
True this. As much as I enjoyed seeing the Reddit yoof sticking it to the hedge funds and costing them an absolute ****ing wedge the other week, over that Sherman game store short. Unfortunately, the vast majority of those kids will lose their shirts when that stock gets back to its rightful position.
I've never bought any bitcoin,but £1000 invested 10 years ago would be worth approx a billion today. About six months ago i invested a grand in a bitcoin miner (ARB).I got the shares at just under 5p. Today they are at £1.20.....First 20+ bagger i've ever had.Happy days
Yeah, that happened. And he received an offer from the former director of Cybersecurity at Facebook, to get him access for a 10% cut.
This is true as was reported this week: German prosecutors have seized over 1,700 Bitcoins worth $60 million from a thief who is currently imprisoned for the crime of covertly installing cryptocurrency mining software on other computers. Reuters reports the German authorities are unable to access the seized Bitcoins as the fraudster refused to divulge the password. Once authorities access them, the amount will go to the government treasury. the criminal still won’t tell them the password and will do his time and then transfer the coins to a new wallet
I wouldn't give a **** about the 10%, I'd be more worried about trusting him to do it without fcking it up for good. I know that "director of Cybersecurity" sounds like the shizzle, but lets not forget Nick Clegg is head of global affairs and communication at Facebook. And I wouldn't trust him to reset my router if the wifi went down.
People have been told to ditch their bitcoins because crash for years. It will go up, have a dip and keep going up, it's not stopping here. Dutch guy I worked with here in FI, bought a few bitcoins at $300 back in the day. He was saying he'd been advised many times to sell it he still has 8x bitcoins, $2400 investment is worth a mint now Good thing about small investments is, you dont have to **** your pants when there is a crash in the price, you just wait for it to go back up as it has always done I only dabble with puts and calls, easy small gains, occasional small loss. Better than the bookies
‘Experts’ are expecting a September dump on Bitcoin, due to the way they’re mined iirc. But yeah they will most likely keep increasing in value long-term. I’d imagine the fact that Tesla et al who are accepting Bitcoin as payment is somehow related to the US’s intention to print another $2Tn
