Rave Posted December 7, 2017 Share Posted December 7, 2017 17 minutes ago, markyh said: Cool. Meet you In Springtime for a Tesla Model S P100D race around the M25 in Ludicrous mode, we can pay for all the fines and avoid jail by offering to Pay the UK Brexit divorce bill with a few spare milibit. Good luck charging it- by that point bitcoin mining will be using more power than the total output of the sun, apparently. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted December 7, 2017 Share Posted December 7, 2017 (edited) Just popped £11k, crypto market cap creeping up on £300 billion. Edited December 7, 2017 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
Kosmin Posted December 7, 2017 Share Posted December 7, 2017 Is this the future of bitcoin mining? http://www.walesonline.co.uk/news/wales-news/man-offering-welsh-council-74-13993161 http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-value-james-howells-newport-landfill-hard-drive-campbell-simpson-laszlo-hanyecz-a8091371.html How many other mining opportunities might there be? http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted December 7, 2017 Share Posted December 7, 2017 How long till bitcoin passes the Dow Jones? Who'd of thought it.. Quote Link to comment Share on other sites More sharing options...
ddd Posted December 7, 2017 Share Posted December 7, 2017 $17,500 in Korea. Quote Link to comment Share on other sites More sharing options...
ddd Posted December 7, 2017 Share Posted December 7, 2017 Exit all shitcoins. Quote Link to comment Share on other sites More sharing options...
tomandlu Posted December 7, 2017 Share Posted December 7, 2017 I'm sorry, I cannot find a way out of my conviction that this is one of the most delusional bubbles in human history. Strip away the zealotry, and you're all hoarding an asset whose entire value lies in it being used. Quote Link to comment Share on other sites More sharing options...
Errol Posted December 7, 2017 Share Posted December 7, 2017 (edited) 10 hours ago, Eddie_George said: It's naive and hysterical. The Middle Ages weren't devoid of innovation because of a gold-backed currency Ironically, gold standards lead to near-unparalleled human invention and creativity. A true golden age. Edited December 7, 2017 by Errol Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted December 7, 2017 Share Posted December 7, 2017 £12,000 by the end of the day? Quote Link to comment Share on other sites More sharing options...
thirdwave Posted December 7, 2017 Share Posted December 7, 2017 37 minutes ago, tomandlu said: I'm sorry, I cannot find a way out of my conviction that this is one of the most delusional bubbles in human history. Strip away the zealotry, and you're all hoarding an asset whose entire value lies in it being used. Agree. Whilst blockchain has a lot of potential, it currently remains a solution looking for a problem and all this blind cheerleading around cryptos is causing people to lose all sense of perspective.. https://seekingalpha.com/article/4130195-just-bitcoin-bubble-far-worse Quote Link to comment Share on other sites More sharing options...
markyh Posted December 7, 2017 Share Posted December 7, 2017 21 minutes ago, GeordieAndy said: £12,000 by the end of the day? Passed $15000 now. My Facebook friends are gonna think I faking news soon as I am twice daily adding "Bitcoin passes $xx,0000" posts, and saying buy some before it's to late. Quote Link to comment Share on other sites More sharing options...
curious1 Posted December 7, 2017 Share Posted December 7, 2017 It's getting a bit silly now.... Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted December 7, 2017 Share Posted December 7, 2017 No-one has mentioned it, but the reason for the rise (although there's plenty of FOMO on top of it) is because of progress with the Lightning Network. That would also explain the sell-off in altcoins. Quote Link to comment Share on other sites More sharing options...
markyh Posted December 7, 2017 Share Posted December 7, 2017 Another day , another thousands of dollars! Updated my spreadsheet @ 6.30am this morning. £72400, a rise of £7100 last 24 hrs, including a big drop off in Alts and my IOTA back to purchase price. I worked out that going back to August when I started a spreadsheet to track daily totals , 104 days ago, on average the FIAT value of my Digital assets with no more FIAT added at all, has risen on average £700 per day. If this carries on I will be retiring @ 50, and I am 49 soon! Quote Link to comment Share on other sites More sharing options...
tomandlu Posted December 7, 2017 Share Posted December 7, 2017 1 minute ago, markyh said: Another day , another thousands of dollars! Updated my spreadsheet @ 6.30am this morning. £72400, a rise of £7100 last 24 hrs, including a big drop off in Alts and my IOTA back to purchase price. I worked out that going back to August when I started a spreadsheet to track daily totals , 104 days ago, on average the FIAT value of my Digital assets with no more FIAT added at all, has risen on average £700 per day. If this carries on I will be retiring @ 50, and I am 49 soon! Good luck. What percentage have you cashed out? Quote Link to comment Share on other sites More sharing options...
markyh Posted December 7, 2017 Share Posted December 7, 2017 (edited) 9 minutes ago, tomandlu said: Good luck. What percentage have you cashed out? Do you not read my posts? None. I HODL, had the same stash as when I quit mining in 2014. First rule of Bitcoin, never sell. TBH anywhere from £500k to £1m a BTC and I will start selling because I will be a FIAT multi millionaire, retired, mortgageless, and will want to really enjoy life. This it's easy not to sell when you don't need the money. If I lost my job would cash in small amounts to pay the bills every month until I got another job, but that's it. Edited December 7, 2017 by markyh Quote Link to comment Share on other sites More sharing options...
headmelter Posted December 7, 2017 Share Posted December 7, 2017 5 minutes ago, markyh said: Do you not read my posts? None. I HODL, had the same stash as when I quit mining in 2014. First rule of Bitcoin, never sell. TBH anywhere from £500k to £1m a BTC and I will start selling because I will be a FIAT millionaire, retired, mortgageless, and will want to really enjoy life. This it's easy not to sell when you don't need the money. If I lost my job would cash in small amounts to pay the bills every month until I got another job, but that's it. Don't be 'Paddy last' it's not different this time.... it's a bubble. Quote Link to comment Share on other sites More sharing options...
boynamedsue Posted December 7, 2017 Share Posted December 7, 2017 10 minutes ago, markyh said: Do you not read my posts? None. I HODL, had the same stash as when I quit mining in 2014. First rule of Bitcoin, never sell. TBH anywhere from £500k to £1m a BTC and I will start selling because I will be a FIAT multi millionaire, retired, mortgageless, and will want to really enjoy life. I remember listening to an old lady talking to her friend about a flat in the country that she was thinking of selling, in Barcelona, 2006. "Never sell houses," The lady said. "Never, ever sell!" If she listened to her friend's advice, she lost about 200k in Euro. The difference is that at least she still has a house now the market has crashed, bitcoins will be worth nothing Quote Link to comment Share on other sites More sharing options...
markyh Posted December 7, 2017 Share Posted December 7, 2017 6 minutes ago, headmelter said: Don't be 'Paddy last' it's not different this time.... it's a bubble. I am fully prepared mentally for the next 80% drop, the 4th, because after every 80% drop is followed by another x 50 to x 100 gain from the new lows over the following 2 years. It has happened 3 times before it will happen again. Then I sell. Quote Link to comment Share on other sites More sharing options...
markyh Posted December 7, 2017 Share Posted December 7, 2017 (edited) 7 minutes ago, boynamedsue said: I remember listening to an old lady talking to her friend about a flat in the country that she was thinking of selling, in Barcelona, 2006. "Never sell houses," The lady said. "Never, ever sell!" If she listened to her friend's advice, she lost about 200k in Euro. The difference is that at least she still has a house now the market has crashed, bitcoins will be worth nothing Tell me what % of Barcelona residents are without housing compared to the Total that live there? And then what % of the world population Hold Bitcoin. Long, long way yo go yet. Edited December 7, 2017 by markyh Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted December 7, 2017 Share Posted December 7, 2017 1 minute ago, markyh said: Tell me what % of Barcelona residents are without housing compared to the Total that live their? And then what % of the world population Hold Bitcoin. Long, long way yo go yet. Not everyone wants to put their money into something that is too complicated, unregulated and with no money back guarantees of any kind. Quote Link to comment Share on other sites More sharing options...
Barnsey Posted December 7, 2017 Share Posted December 7, 2017 12 minutes ago, markyh said: I am fully prepared mentally for the next 80% drop, the 4th, because after every 80% drop is followed by another x 50 to x 100 gain from the new lows over the following 2 years. It has happened 3 times before it will happen again. Then I sell. You sure you'll sell? Quote Link to comment Share on other sites More sharing options...
tomandlu Posted December 7, 2017 Share Posted December 7, 2017 34 minutes ago, markyh said: Do you not read my posts? None. I HODL, had the same stash as when I quit mining in 2014. First rule of Bitcoin, never sell. TBH anywhere from £500k to £1m a BTC and I will start selling because I will be a FIAT millionaire, retired, mortgageless, and will want to really enjoy life. This it's easy not to sell when you don't need the money. If I lost my job would cash in small amounts to pay the bills every month until I got another job, but that's it. Well, I'm not stalking you... I've read all posts in this thread afaik - I find the subject fascinating, despite - and partly because of - my cynicism, but I don't necessarily keep good track of everyone's specific position (the only thing I remember off the top of my head is that Stanley Holloway is a convert, and Goldfinger isn't) Quote Link to comment Share on other sites More sharing options...
markyh Posted December 7, 2017 Share Posted December 7, 2017 4 minutes ago, Barnsey said: You sure you'll sell? Then, Yes, slowly, any Fiat value over £2million I would cash out 50% pay off the mortgage, invest 1/2 million into income providing assets, slowly spend the rest, then cash out of the remaining 50% as and when I needed it, unless by then I could by my kids houses directly with BTC , cars directly wth BTC etc. I like the "Swiss bank account" function of crypto that only I control it. Protects me from wives and governments trying to get their hands on it unless I want them too. Quote Link to comment Share on other sites More sharing options...
guest_northshore Posted December 7, 2017 Share Posted December 7, 2017 55 minutes ago, Eddie_George said: No-one has mentioned it, but the reason for the rise (although there's plenty of FOMO on top of it) is because of progress with the Lightning Network. That would also explain the sell-off in altcoins. People are trading non-BTC cryptokitties for $117k. I rather doubt LN is the BTC price driver. Quote Link to comment Share on other sites More sharing options...
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