Nagel Posted April 9, 2013 Author Share Posted April 9, 2013 (edited) I came across this link about Reasons not to buy bitcoins= http://www.forbes.com/sites/timothylee/2013/04/03/four-reason-you-shouldnt-buy-bitcoins/ If you got in there at the right time like Nagel than its all good but personally I'm not to keen on electronic currency. They are at £117 something at the moment. I don't have many Bitcoins, just 25 and I'm not buying more. The ones I have were free because I sold just enough to cover my initial outlay when the price started rising. So if they crash to zero I haven't lost anything at all If you're not keen on electronic currency then you should ditch Pounds Sterling and buy Gold. All bank accounts are strings of ones and zeroes with only the say-so of the government to back them up. In a real monetary crisis the government will renege on their promise like in Cyprus. Edited April 9, 2013 by Nagel Link to comment Share on other sites More sharing options...
Angles Posted April 9, 2013 Share Posted April 9, 2013 Nagel are you not considering selling the remaining 25 now? They are at a record high $197. I bought in at $100 so I'm hoping they can push on to $350 for a decent return, some seem confident that it will hit $1000+ but if they ever do I'm sure it will be after this bubble has burst, too many people must be getting itchy feet I reckon. Link to comment Share on other sites More sharing options...
Nagel Posted April 9, 2013 Author Share Posted April 9, 2013 Nagel are you not considering selling the remaining 25 now? They are at a record high $197. I bought in at $100 so I'm hoping they can push on to $350 for a decent return, some seem confident that it will hit $1000+ but if they ever do I'm sure it will be after this bubble has burst, too many people must be getting itchy feet I reckon. $207 now. I'm really not bothered about cashing them in. Like I said, if they drop to zero I've lost nothing. Link to comment Share on other sites More sharing options...
Angles Posted April 9, 2013 Share Posted April 9, 2013 (edited) $207 now. I'm really not bothered about cashing them in. Like I said, if they drop to zero I've lost nothing. True, though some find that gaining something is a better feeling than losing nothing. If you're not quite so capitalistic though I'm sure you won't mind sharing to aid the even redistribution of Sheffield's bitcoin wealth (I only have 2 BTC) 1Cft97XSgaAxxo9Vto8c1FUPUdLgQmqodn Edited April 9, 2013 by Angles Link to comment Share on other sites More sharing options...
geared Posted April 11, 2013 Share Posted April 11, 2013 Nagel are you not considering selling the remaining 25 now? They at a record high $197. I bought in at $100 so I'm hoping they can push on to $350 for a decent return, some seem confident that it will hit $1000+ but if they ever do I'm sure it will be after this bubble has burst, too many people must be getting itchy feet I reckon. The price on them just collapsed, they seem like a very unstable currancy at the moment. You're still making abit, but it looks like 350 or 10000 is abit unlikely. http://www.bbc.co.uk/news/technology-22105322 Link to comment Share on other sites More sharing options...
Nagel Posted April 11, 2013 Author Share Posted April 11, 2013 Every day is interesting with Bitcoins Link to comment Share on other sites More sharing options...
Angles Posted April 12, 2013 Share Posted April 12, 2013 I sold at $160 and bought back at $67. Hopefully it's will stabilise at around $85. Link to comment Share on other sites More sharing options...
Phanerothyme Posted April 12, 2013 Share Posted April 12, 2013 I think they've slumped, rather than crashed. When they drop below a dollar, they've crashed. Link to comment Share on other sites More sharing options...
Nagel Posted April 12, 2013 Author Share Posted April 12, 2013 I sold at $160 and bought back at $67. Hopefully it's will stabilise at around $85. Probably a smart move If I was brave I'd buy some more now. Link to comment Share on other sites More sharing options...
Super Hans Posted April 12, 2013 Share Posted April 12, 2013 Unless you're deep webbing on silk road or something then what's the point? Link to comment Share on other sites More sharing options...
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