Bitcoins in 2014?

[DLOE]

Not a single customer wants to use BTC, Nobody understands BTC, None of the banks will accept BTC (or BTC related transactions), No business will accept BTC (and keep them), Mining difficulty has gone up to the max, Influencing a market is as easy as chips, The currency has been more then once (about a million times) related to drugs, murderers etc... Sell, Sell Sell!

On top of this.. One of the big selling points of BTC were the international transactions... Have a look at services like Transferwise and you will be able to transfer money for next to nothing... Saves you from signing up to a BTC exchange where you get screwed over with your local currency/BTC rates and your selling rates.

BTC has been good, good for the people who owned/own BTC from the start and the companies who were selling crap mining equipment like KNC and simmilar companies.

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[accelerator]

I think the main challenge for Bitcoin is going to be whether it can compete with strong commercial mobile payments services such as Apple Pay, where they've made a very easy to use payment solution.

Rgds

 

[Murray]

Finally broke over $400 again

 

[Retired_Member38]

It was over $450 earlier. Huge fluctuations today, even moreso than normal :lol:

 

[Mgx]

It was over $450 earlier. Huge fluctuations today, even moreso than normal :lol:

Pro investor lol, bitcoins, org.uk predictions and co.uk valuations / investments have all been epic fails for you, please keep preaching to forum like a mr know it all, it's amusing.

 

[Retired_Member38]

Pro investor lol, bitcoins, org.uk predictions and co.uk valuations / investments have all been epic fails for you, please keep preaching to forum like a mr know it all, it's amusing.

You're making yourself look stupid here

 

[Retired_Member38]

I decided to have a go at trading Bitcoin to see how it went... i'm up 1.8 coins in a couple of days:

 

[martin-s]

Be honest with yourself Monday, it's basically just gambling isn't it?

Might as well stick £500 on a first goalscorer

 

[Retired_Member38]

Sure, its effectively gambling as its near impossible to say which way its going to go.

 

[bonusmedia]

I can recommend a good casino if you like...

 

[accelerator]

Sure, its effectively gambling as its near impossible to say which way its going to go.

Are you using a trading methodology?

Rgds

 

[Retired_Member38]

Are you using a trading methodology?

Rgds

Yeah, what I'm doing does appear to be working but its time intensive. I don't think i'm going to bother continuing with it... when you look at the time involved and the capital risk if I get it wrong, its not exactly looking like a brilliant use of time

 

[accelerator]

Yeah, what I'm doing does appear to be working but its time intensive. I don't think i'm going to bother continuing with it... when you look at the time involved and the capital risk if I get it wrong, its not exactly looking like a brilliant use of time

For something like Forex, you could learn technical analysis and possibly do OK from it. The other day I found this free video series (don't know how good it would be though):

http://www.investoo.com/advanced-technical-analysis/

However, with a nascent market like Bitcoin, it's questionable whether traditional technical analysis could be employed, and it's rather difficult to get information about the demand side of things. As I have said before, I think a big issue with Bitcoin could be intervention by governments and possibly punitive regulation. Long term I am hopeful but not necessarily optimistic about bitcoin's future. Short term it seems highly difficult to predict anything.

Rgds

 

[mart1n19]

Personally I wouldn't go near bitcoin at the prices, but I quite like Ripple ( XRP )

Impressed at its rise so far, & you can get them very cheap.

 

[websaway]

Be honest with yourself Monday, it's basically just gambling isn't it?

Might as well stick £500 on a first goalscorer

The diffence to gambling on games of chance is that until it actually goes tits up your horse is still running.
I would not buy bitcoin but it's not comparable to gambling on chance, which is even more foolish than bitcoin.

 

[martin-s]

gambling on chance, which is even more foolish than bitcoin.

Depends if you look on sports betting at it just as fun or to make a game more exciting, rather than trying to convince yourself that bitcoin trading is an investment of some sort!

 

[Mgx]

Yeah, what I'm doing does appear to be working but its time intensive. I don't think i'm going to bother continuing with it... when you look at the time involved and the capital risk if I get it wrong, its not exactly looking like a brilliant use of time

Good summary of being a domainer in 2014.

 

[Pred]

I'm happy to accept bitcoin for any domains I'm selling

 

[AssetDomains]

Another massive company now accepting them

http://www.bbc.co.uk/news/technology-30377654

 

[accelerator]

Yes, I saw this on Twitter earlier, and it's another little step forward in the adoption of Bitcoin.

I really hope Bitcoin is going to make it, and I think every business that adopts it is a little step forward towards its success.

I think the technical experts are going to benefit from Bitcoin in being able to make very low cost fund transfers. The rest of the population will need to use a commercial service that makes it all easy for them, and will be charged accordingly. I am aware of Circle.com but I'm not quite sure what its business model is, however, it aims to make things simple.

Rgds