Reply With Quote^^ you’re just early
I’m 46, friends of all occupations and incomes. Probably 20k pa to 100k pa
Only two of them holding any crypto, one on my encouragement. I’d say half have barely heard of it
following on, my mate and i hold crypto and discuss crypto, we got to considering how many 68 & 69 year olds would hold crypto or know what it is , we did a quick poll in the pub and there were some 40 year olds who had never heard of crypto! and no one owned any!, not scientific i know but. so question are we astute old gits or suckers for a scam ?you know anybody 70 ish holding crypto?👍
^^ you’re just early
I’m 46, friends of all occupations and incomes. Probably 20k pa to 100k pa
Only two of them holding any crypto, one on my encouragement. I’d say half have barely heard of it
My Dad asked me to buy him £1000 of Bitcoin over Christmas, out of the blue!
He’s 82.
Turns out he’s been subscribed to some online finance newsletter that sometimes has articles about BTC and crypto miners etc. He was very clued up when we had a chat about it, I was impressed!
hope you bought it , he will be in profit ?Originally Posted by mr noble
Absolutely!hope you bought it , he will be in profit ?
Sadly PayPal have stopped allowing UK users to buy it. That would have been the easiest way. So I had to use my Coinbase account and am now worried about telling him that he’s going to have to pay 20% CGT on any profits.
i’ve got a couple of grand in bitcoins via crypto.com which are doing very nicely, only problem is being a bit of a numpty i’ve got no idea how to take the money out if i want to as you can’t seem to just withdraw it to a bank account , i tried to take it out a few months ago, glad i didnt now as they are on the up
Withdraw to a hardware wallet, Ledger etc
Open a Coinbase account and transfer the funds to that. You can then cash out and withdraw to a bank account, card or PayPal.
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hi, i have the crypto.com app on my phone, i have withdrawn fiat to my revolut account, with no issue, to be fair i add to the app via the revolut account too. but it should be possible to withdraw to a bank account
https://help.crypto.com/en/articles/...ry-withdrawals
Nice little lift overnight
Yes, pleasant indeed! I’m sure it won’t last though!
According to the oracles on Twitter we will get past 60k before a correction. Time will tell!
At the rate the ETF's are buying Bitcoin it will not stop going up anytime soon, the demand is massively outstripping supply at the moment and the supply is about to half in 52 days, think about that.
6 green monthly candles in a row for Bitcoin, that is a new record
Last edited by Vanguard; 28th February 2024 at 14:06.
Not far off the all time high, let’s see where it goes from here.
Even higher, up 38% for this year alone and we're not even at the halving yet.
Lamborghinis all round!
Well a round of Lambrinis at least :)
It's just a matter of time...
Very nice
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65k ticked off, and the ETFs will be hoovering up from now until Friday.
Happy days!
All of which is only relevant if selling and if you brought alot cheaper and have a decent profit margin. Not forgetting HMRC's 40%
RIAC
CGT rates are not 40% in the UK
Still waiting to see the Lambos and mansions or even would like to see anyone who brought a coin at £6k and its now worth £65k and they actually sold it and got the cash.
Instead it always seems to be a frenzy of publicity when up and radio silence when down.
RIAC
You could reasonably say the same about any investment. Stocks, precious metals etc.
Ah but not Houses in the UK, very much in the news whether up, down or sideways, the exception to the rule.
´´This time next year Rodders!´´
Last edited by Passenger; 4th March 2024 at 12:00.
Not really. Shove it in ISA or Prem bonds and get 4.7%. Safe and sound.
I dont do S&S as just do not need to gamble
RIAC
Weren´t you quite pro the coin back in the early days though, do seem to recollect that...apologies IF I´m mixing my monkeys...
Yeah was you back around early 2018.
Last edited by Passenger; 4th March 2024 at 12:10.
I did purposely exclude housing from my illustration :-)Ah but not Houses in the UK, very much in the news whether up, down or sideways, the exception to the rule.
´´This time next year Rodders!´´
Fair do´s.
Yep had a go as part of a portfolio and it was the least performing aspect with the highest risk and most complexity. So from experience not one for me. At the time an option due to low interest rates and a need to make money work but no longer an option for me personally.Weren´t you quite pro the coin back in the early days though, do seem to recollect that...apologies IF I´m mixing my monkeys...
Yeah was you back around early 2018.
My only concern is painting it to be the messiah of wealth and others being burned through ignorance or greed
RIAC
When I first bought in it went from 10k to 4k, so you're not alone in seeing a drop or two
<update>... 4.40%, variable ...</update>
https://www.nsandi.com/products/premium-bonds
Average Pete
4.7% on an ISA drops a few quid a month into the bank nicely and luck on the bonds has seen me have closer to 6% rolling
RIAC
:-)
well currently £1800 up, first time ahead in 3-4 years , my only problem now is the bloody complex crypto self assessment tax return you are now not only mandated/ required to do in uk and back date it !! GRRR
ps far more than i have won on PB in last two years with max amount in!
Last edited by mitch1956; 4th March 2024 at 14:01.
Original funds not at risk in PBs, only the risk of not winning/increasing
And if that £50k didnt perform id drop it into something that did.
Could of been worse lads, you could have speculated in Rolex, AP, & Patek.
RIAC
I don't have any coins, my work colleague and his friend (both in their early 20's) have a fair amount it, his friend has been putting in £400 a week for the last 2-3 years, not in bitcoin but smaller coins, after 2 years of feeling drab he's pretty confident on it going to £75k or more once the halving happens. If that happens he will do very well, his friend extremely well. At their age it just is a normal thing to do, and they are happy gambling on coins, at my age (41) I just can't take the risk, if I had more spare money I might do.
Hello there 71k
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It'll be disappointing to not get to 75k by close of trading Friday
Breaking: Microstrategy raises $800m to buy more Bitcoin
30 minutes later
Breaking: Microstrategy has acquired 12000 BTC for $821m
BlackRock also
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That will being his average price per coin up quite a bit ... incredible people keep piling in ...
It's all a scam.
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SEC Form 8-K submission February 26, 2024... As of February 25, 2024, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 193,000 bitcoins, which were acquired at an aggregate purchase price of approximately $6.09 billion and an average purchase price of approximately $31,544 per bitcoin, inclusive of fees and expenses.
SEC Form 8-K submission March 11, 2024... As of March 10, 2024, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 205,000 bitcoins, which were acquired at an aggregate purchase price of approximately $6.91 billion and an average purchase price of approximately $33,706 per bitcoin, inclusive of fees and expenses.
Amazing, so if BTC returns to its Dec 22 level they will be $3.5B down …
If it doesn't.....
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Moon, obvs …
Excellent news
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I said this tongue in cheek, but it's looking more likely than not
What are people’s sell targets? Just interested in what level people would be willing to sell at and the thinking behind it.
Looking at the chart the obvious resistance is $80k. From a technical standpoint there is no reason to sell until then, it's at all time highs and finding its next level.
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