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Bitcoins - the new currency?


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Bitcoins are doing well again. I bought some at £2.70 each on 30th December and they're now worth £3.24.

 

Free money :)

 

Anyone who is interested I'd recommend this site where you can buy and sell them commission free. It also explains how they work if you follow the links - https://britcoin.co.uk/

 

Bitcoins are worth £31 each today. That's a 1000% increase.

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They've spiked big time, I hope you bought a load back in December when they were going for a few quid a piece.

 

I'm starting to look at mining again, those teams must be enjoying the big increase in the coin value.

 

I bought 25 Bitcoins for £5 sometime late spring last year. Sell or keep? Caution or greed?

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I bought 25 Bitcoins for £5 sometime late spring last year. Sell or keep? Caution or greed?

 

Keep a close eye on things, if it starts to rocket down chuck them.

How much higher can it go tho?

I think if alot of people get into mining it will lower the value of the coins, kind of like what happens if we just start printing money.

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Keep a close eye on things, if it starts to rocket down chuck them.

How much higher can it go tho?

I think if alot of people get into mining it will lower the value of the coins, kind of like what happens if we just start printing money.

 

I had 35 BTC up till last week that I bought at £5 each (£175 spent).

 

I sold 10 last week at £18 each (£180 gained).

 

That means even if the value of Bitcoins drops to zero I haven't lost anything and the 25 BTC I have left cost me nothing. You could also say that if I had sold those 10 BTC today I would have made £130 more.

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