ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jan 3, 2021 12:29:34 GMT
I'm not a fan of BitCoin at all, but hey, if you have the knowledge and/or confidence in it, and/or spare spondoolies to play with, Fill Yer Boots!!  |
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GeorgeT
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Post by GeorgeT on Jan 8, 2021 15:01:06 GMT
I'm doing well with bitcoin and my other 2 cryptos, ethereum and stellar.
I put some money in around the beginning of December, spread across those 3 coins and by the start of this week the value of my portfolio had more than doubled, in part because I had some stellar which almost tripled after the Ukraine announcement. I withdrew most of it but they've continued to rise so I've put a bit more in again. I find it quite entertaining and a useful distraction in these troubled times, but I'd never risk a lot.
I was quite surprised how easy it was to withdraw in cash to my bank account. When I dabbled in bitcoin a few years ago I found it all a bit of a nightmare to understand and had to jump through all sorts of hoops to cash in my holding, but it seems easier now. I'm using coinbase and my money was back in my bank within seconds. For me, the hardest part was the ID verification process.
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agent69
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Post by agent69 on Jan 11, 2021 14:34:33 GMT
Currently down 18% on the day
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registerme
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Post by registerme on Feb 8, 2021 18:17:05 GMT
www.bbc.co.uk/news/business-55939972So Telsa have spent $1.5b on Bitcoin. I can't help that think they might have put that capital to better use. But I guess it might turn out to be the speculative punt of the century?
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adrianc
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Post by adrianc on Feb 8, 2021 23:00:09 GMT
www.bbc.co.uk/news/business-55939972So Telsa have spent $1.5b on Bitcoin. I can't help that think they might have put that capital to better use. But I guess it might turn out to be the speculative punt of the century? Given that St Elon's fanboys leap at anything he does, I can see this announcement itself giving the market a real kick up the chuff to ever sillier heights. Then St Elon will sell. Quietly? If it's public, there will be a collapse...
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registerme
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Post by registerme on Feb 8, 2021 23:17:06 GMT
Knock knock SEC? Anybody at home? EDIT: Should get ozboy frothing at the mouth anyhow  |
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agent69
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Post by agent69 on Feb 9, 2021 9:08:42 GMT
www.bbc.co.uk/news/business-55939972So Telsa have spent $1.5b on Bitcoin. I can't help that think they might have put that capital to better use. But I guess it might turn out to be the speculative punt of the century? Shame they are about 3 months late to the party.
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r00lish67
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Post by r00lish67 on Feb 9, 2021 10:27:31 GMT
Knock knock SEC? Anybody at home? EDIT: Should get ozboy frothing at the mouth anyhow On that note, an interesting article on how to kill bitcoin (should it be necessary, which seems increasingly plausible)
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registerme
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Post by registerme on Feb 9, 2021 12:45:39 GMT
On that note, an interesting article on how to kill bitcoin (should it be necessary, which seems increasingly plausible) That was an interesting read, thanks for the link .
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adrianc
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Post by adrianc on Feb 9, 2021 14:36:07 GMT
Anyway, if Tesla really HAS bought big at recent prices, then they're going to get very badly burned. Does this look like the price graph for something YOU would be buying right now?  |
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iRobot
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Post by iRobot on Feb 9, 2021 15:27:53 GMT
EM makes me laugh... Mid December he tweets:  Then, in January, Tesla goes on a January buying spree.  Probably reasonable to presume that $1.5Bn purchase wasn't a single transaction and that it was spread across a period of time. Based info from Bloomberg, the average price across Jan 2021 was just shy of $34.7k. Not a bad return if Tesla are already quietly selling.... |
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agent69
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Post by agent69 on Feb 9, 2021 15:41:38 GMT
Anyway, if Tesla really HAS bought big at recent prices, then they're going to get very badly burned. Does this look like the price graph for something YOU would be buying right now? It looks better than the gamestop graph.
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agent69
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Post by agent69 on Feb 9, 2021 15:43:06 GMT
EM makes me laugh... Mid December he tweets: Then, in January, Tesla goes on a January buying spree. Probably reasonable to presume that $1.5Bn purchase wasn't a single transaction and that it was spread across a period of time. Based info from Bloomberg, the average price across Jan 2021 was just shy of $34.7k. Not a bad return if Tesla are already quietly selling.... So give up making cars, and just become a currency speculator?
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iRobot
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Post by iRobot on Feb 9, 2021 15:56:47 GMT
So give up making cars, and just become a currency speculator? When you can move markets to the extent that EM can with a tweet or an official announcement, it's hardly 'speculating'.... 
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adrianc
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Post by adrianc on Feb 9, 2021 16:00:53 GMT
EM makes me laugh... Mid December he tweets: Then, in January, Tesla goes on a January buying spree. Probably reasonable to presume that $1.5Bn purchase wasn't a single transaction and that it was spread across a period of time. Based info from Bloomberg, the average price across Jan 2021 was just shy of $34.7k. Not a bad return if Tesla are already quietly selling.... So give up making cars, and just become a currency speculator? Maybe he was simply abusing cars built by Fiat?
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