Helpful ReplyHot!BITCOINS

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Whagwan
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Re: RE: BITCOINS 2017/12/07 12:36:54 (permalink)
I had about £60 in nicehash the cunts, hadn't paid out yet.

Anyone who doesn't keep the bulk of their BTC in a private wallet is an idiot anyway.
OEM
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Re: RE: BITCOINS 2017/12/07 13:22:59 (permalink) ☄ Helpfulby Leer0y 2017/12/07 20:33:11
This is great. Another 22% up in 24hrs. They bubble will never burst. NEVER.


SW14
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Re: RE: BITCOINS 2017/12/07 13:28:41 (permalink)
Was reading something saying that when BTC futures market launches it will be vulnerable to big hedge funds etc piling in and shorting the currency with huge highly leveraged transactions while apparently at the moment all trades have to be cash settled.
dimdum
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Re: RE: BITCOINS 2017/12/07 14:13:09 (permalink)
If someone even had say £1million worth. How easy is it to sell it in one go? I seem to remember localbitcoin having limits on what you can buy and sell
OEM
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Re: RE: BITCOINS 2017/12/07 14:14:51 (permalink)
Fuck. I just saw £12K. 


Griff
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Re: RE: BITCOINS 2017/12/07 14:16:08 (permalink)
Price has been soaring the last couple of days, it's crazy
OEM
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Re: RE: BITCOINS 2017/12/07 14:24:53 (permalink)
Mate of mine just told me his €28k investment is now worth €68k. Ffs.


Griff
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Re: RE: BITCOINS 2017/12/07 14:36:07 (permalink)
Fucked up man.  You got anything? 
OEM
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Re: RE: BITCOINS 2017/12/07 14:44:20 (permalink)
Only what I wouldn't miss if it went down the shitter.  £200 two weeks ago now £380ish.
 
Mate went all in. He's as much bigger risk taker than me in a lot of respects lol.


Whagwan
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Re: RE: BITCOINS 2017/12/07 14:48:25 (permalink)
It'll have to drop to £800 for me to lose out right now and I reckon even after the bubble bursts it will sit higher than that...
Griff
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Re: RE: BITCOINS 2017/12/07 15:30:44 (permalink)
Just be interesting to see how high it climbs, the rate this past week has been insane. 
OEM
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Re: RE: BITCOINS 2017/12/07 15:38:18 (permalink)
There is a lot of speculation that this bubble will burst. As always. From what I've read there is a tidal wave of investment from China. Money laundering, tax evasion, speculators, people driven by greed etc.
 
Then you see Bank of America do this https://www.coindesk.com/bank-of-america-outlines-cryptocurrency-exchange-system-in-patent-award/
 
Then you see Steam do this http://uk.businessinsider.com/valve-owned-steam-has-stopped-accepting-bitcoin-2017-12?r=US&IR=T
 
 And now my £200 just doubled lol. Its fucking madness, I tell you. 


SW14
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Re: RE: BITCOINS 2017/12/07 15:46:53 (permalink)
15k
OEM
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Re: RE: BITCOINS 2017/12/07 15:56:18 (permalink)
It's just pulled back a little but £12.5K is way beyond what some were predicting.
 
Expect to see more of this https://cryptovest.com/news/nicehash-hacked-at-peak-btc-prices-loses-64-millions-worth-of-bitcoin/

Nicehash Hacked at Peak BTC Prices, Loses $64 Million's Worth of Bitcoin

Nicehash, one of the best selling cloud services and hashing power marketplace, fell victim to an alleged wallet hack, siphoning off more than 4,000 Bitcoin. by Christine Masters , 07 December
 


Nicehash, one of the best-used cloud mining services, has seen its site breached and its payment system drained of about 4,700 BTC. At current prices above $14,000, the theft is worth more than $64 million.

Bitcoin wallets are usually a highly secure technology, but the hack may have included a sophisticated attempt to scam and steal wallet keys. The hack was " a highly professional attack with sophisticated social engineering," said Andrej P. Škraba for Reuters.
The Slovenia-based cloud service stated it would cooperate with local authorities. Nicehash needs the Bitcoin to repay users who offer up spare computing power for mining various coins. Nicehash acts as an intermediary for miners to sell idle equipment, while buyers choose the preferred coins trending at the moment.
As the value of crypto coins increases, more hackers are attacking wallets directly. But stealing the private key to a wallet may be a task requiring a gain of trust, to make a user provide their private key or access to the wallet.
Reddit users believe the hack may in fact be an internal affair, with no way to know for sure. Slovenian media have shown connections between the owners of Nicehas's capital and a recently arrested hacker, Matjaž Škorjanc.
 
 


OEM
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Re: RE: BITCOINS 2017/12/07 16:58:36 (permalink)
LOL it's happening. -5% in one hour 
 
Its too much excitement fffffff 
post edited by OEM - 2017/12/07 17:04:36


Leg Warmer
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Re: RE: BITCOINS 2017/12/07 17:07:49 (permalink)
ETH price dropping pretty quickly because of some silly cat game that is clogging up the network.
 
These things aren't built to scale!
OEM
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Re: RE: BITCOINS 2017/12/07 17:09:59 (permalink)



gutlessrhyme
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Re: RE: BITCOINS 2017/12/07 18:36:26 (permalink)
Coinbase is overloaded and has been down all afternoon.
 
Anyone recommend an easy to use alternative for relatively small transactions?
Griff
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Re: RE: BITCOINS 2017/12/07 18:53:41 (permalink)
I use localbitcoins, the fees are ridiculous at the moment though
Shiverman
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Re: RE: BITCOINS 2017/12/07 22:03:44 (permalink)
It's really not great for tax evasion, or laundering, it's far from untraceable. People tout it as an anonymous currency but it's not it's synonymous. IE every single transaction you ever made it is on a public ledger forever with a key, so if you're tied to that wallet (not that hard) you're busted. Government is already looking at cracking down it in the UK. They'll ramp that up if it becomes worth it. There's ways to part anonymise them but they're not great.
gutlessrhyme
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Re: RE: BITCOINS 2017/12/07 22:19:30 (permalink)
Griff
I use localbitcoins, the fees are ridiculous at the moment though


Payment methods look limited too. I'm after PayPal ideally. Or CC
Gonna register on CEX and give that a bash
SW14
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Re: RE: BITCOINS 2017/12/08 01:07:44 (permalink)
17k
Leg Warmer
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Re: RE: BITCOINS 2017/12/08 07:15:23 (permalink)
gutlessrhyme
Griff
I use localbitcoins, the fees are ridiculous at the moment though


Payment methods look limited too. I'm after PayPal ideally. Or CC
Gonna register on CEX and give that a bash


You gonna try and do a chargeback/open a case if your coins end up worthless?
OEM
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Re: RE: BITCOINS 2017/12/08 07:23:51 (permalink)
Not that I should be bothered tbh, I'm small fry compared to some investments.
 
 
But; fucking £13.7K to 10.7K swing in 24hrs is the difference between "Hello Richard Branson, which island is available right now", to "Sorry mum, I need 50p for rizla".
 


OEM
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Re: RE: BITCOINS 2017/12/08 07:28:55 (permalink)
Leg Warmer
gutlessrhyme
Griff
I use localbitcoins, the fees are ridiculous at the moment though


Payment methods look limited too. I'm after PayPal ideally. Or CC
Gonna register on CEX and give that a bash


You gonna try and do a chargeback/open a case if your coins end up worthless?



 
Everything is worthless when it comes to Bitcoin. It's a game some chose to gamble with, some using more money than others. 


Leg Warmer
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Re: RE: BITCOINS 2017/12/08 07:30:28 (permalink)
OEM
Leg Warmer
gutlessrhyme
Griff
I use localbitcoins, the fees are ridiculous at the moment though


Payment methods look limited too. I'm after PayPal ideally. Or CC
Gonna register on CEX and give that a bash


You gonna try and do a chargeback/open a case if your coins end up worthless?



 
Everything is worthless when it comes to Bitcoin. It's a game some chose to gamble with, some using more money than others. 


I'll give you 1p for all your Bitcoin then. Deal?
OEM
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Re: RE: BITCOINS 2017/12/08 07:33:25 (permalink)
It may well be worthless. However, I do have value more than 1p on my collection.


frizzyd
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Re: RE: BITCOINS 2017/12/08 09:37:59 (permalink)
Just noticed that Revolut are now doing BTC - you can't transfer to an external wallet so it is a bit of a pointless service (IMHO) unless you are buying them to sit on as an investment, then cash out. BUT the rate they are offering is pretty much around $1000 less than the rate being published on Coinbase.

At this moment Revolut is saying $14,554, Coinbase is saying £15,747
 
Excuse my ignorance but why would this be, I get BTC rates would vary in the same way foreign exchange rates do, but by $1200??!
 
Revolut are basing their rate on the Bitstamp exchange - is it just a bit of a shit exchange? 
post edited by frizzyd - 2017/12/08 09:41:40
Syhr
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Re: RE: BITCOINS 2017/12/08 09:53:26 (permalink)
has anyone made actual, significant amounts of cash money from all this?
 
Not just big BTC gainz, but real world wedge that can be spent on things that aren't drugs?


frizzyd
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Re: RE: BITCOINS 2017/12/08 10:12:06 (permalink)
Apparently (from Reddit) someone sold over 16k BTC yesterday when the price was around $17,000 which was the cause of yesterdays late afternoon price drop.
 
Obviously no idea what that person bought them for, but that's about $200m, based on that I assume some people are making significant amounts of cash money as mainstream investors are now getting involved.
 
I have no idea how dark web dealers cash out without massively baiting themselves up though
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