Acid In The Punch Bowl

Hi If you have bitcoin on an exchange, what's the easiest process if you want to use your capital gains limit, but stay in BTC. Can you sell BTC and buy back immediately? Or do you need to sell and keep in GBP for any period of time? Any advice appreciated.

Any predictable pattern in a market will be exploited and therefor become unpredictable. Thats why you can see patterns in the past, but they don't make you money in the future. It's really not complicated. Good luck mate.

$50k

I’m not a fan of alt coins, but a have a mate really really bending my ear about chainlink. So I was just wondering if anyone had any specific views, positive or negative. FWIW I am in no way planning to buy, just interested since he seems pretty all in on it. I get the alt coins are bs, it’s all about Bitcoin argument, so no need to make that. Just wondering about the specifics of chainlink from the POV of the hive mind.

hATHppy Christmas one and all.

Well you cursed that one.

Reminds me of this HPC classic. https://soundcloud.com/user-844026673/the-great-hargeisa-goat-bubble

Love that everyone on here talks with authority about Bitcoin either booming or busting, but no-one predicted this massive ******ing rally.

Loads of people have! Selling books and online courses on TA.

Whats going on here then? Says 24hr high of $6.31mil! Hope someone got to sell at that price!

Interestingly I bought in about 5 years ago. If you told me then, we would be where we are now after 5 years I would have told you to ****** right off with your crazy predictions. Been a mad 5 years. Loved the crashes as much as the gains, what a ride.

I think you posted in the wrong thread by mistake. This is the XRP thread:

Can we hold you to that? Run along to the existing and busy XRP thread and we'll see you back here at the end of next year. Byeeee

For me the value and backing for Bitcoin is maths, cryptography and algorithms. After observing the actions of central banks and governments in the last couple of decades, I would prefer to entrust a portion of my money to a decentralised currency that relies on maths, cryptography and algorithms, rather than humans.

yup, this

Just googled when the Euro came in to existence. Was Jan 1st 1999. So at the end of this year it will have been around for 20 years. It will be interesting to see how this is celebrated given the endless and current problems with the currency.

Yeah XRPs amazing, definitely gonna be the one. Lets all head over to the dedicated XRP thread to chat about it:

Yeah surely if you sign up for swift, the first thing you do when you get then is trade them for a non inflationary coin.

Serious question. Why not use GBP for day to day transactions?

Depends what problem you need fixing. I dont need need help with day to day transactions. I can do it with cash and card. I don’t need help thansfering money to a mate, I can do it with bank transfer or PayPal. I don’t need help with online purchases, I can do it with PayPal or card. International transfers could do with some streamlining, but also not a massive problem. The problem I have is I need a savings account. No currency seems worth saving in these days. Then along comes Bitcoin, a deflationary currency. As soon as I read about it I realized what a game changer it was. And since then it’s done exactly what it said on the tin. It seems Narco is waiting for some unicorn coin that solves the non problems that I first mentioned, but you missed it. Bitcoin was the invention.

I don’t think it’s about being tech savvy, it’s more about being financially aware. I think a lot of the people who bought early on understood the problems with the economy and so understood what a sea change Bitcoin represents. From there the learnt what they needed to to use the tech. I think more recently a lot of tech savvy people have joined.

No, 2103 was massive. It just looks like a tiny spec in hindsight. In fact there were 2 massive bubbles in 2013. Look at it in log scale and the moves then were much more violent.

I do loads of work for London these days... From the other side of the world. Did a some great work in the pre Christmas rush from a beach hut in the tropics. Do work for Dubai and all over Asia also. So glad not to live in that shot hole. The works good though, just glad I can do it from somewhere nicer.

Personally I believe a true free market, international currency with a fixed supply will be hugely attractive. How do you place an exact value on that? Impossible, we'll just have to see how it plays out. One thing I don't understand is how people with multiple thousand posts on this site can not understand what a fundamental change cryptos represent. (edit to add that wasn't aimed at Kosmin, just a general observation)

I've taken 14 x my original stake in profits and have 50 x my original stake still in crypto, mostly Bitcoin. In terms of sheer multiplications of investment, I doubt I will ever beat that. I bought in the middle of the first 2013 bubble. The money I have taken as profits has gone in to my (small) business genuinely helping me have an edge over my competitors.