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Thread: Bitcoin

  1. #2951
    Hmmmm, this is interesting - Elon's not stupid and is a slippery eel. My take is he's backtracking with a problem, a few months later BANG he's come up with a tech solution, clean BTC etc Musk brand on it, green cred, more PR and he'll see his investment up again far beyond $65K.

  2. #2952
    So I fancied throwing a bit of pocket money at crypto. Nothing much, just a bit of a flutter for a bit of a larf.

    So I was all set up on Binance and find out you can’t link your HSBC bank account to it. So, no way of withdrawing funds when the time comes.

    Any other option without creating a new bank account, which is too much faff.

  3. #2953
    Quote Originally Posted by noTAGlove View Post
    So I fancied throwing a bit of pocket money at crypto. Nothing much, just a bit of a flutter for a bit of a larf.

    So I was all set up on Binance and find out you can’t link your HSBC bank account to it. So, no way of withdrawing funds when the time comes.

    Any other option without creating a new bank account, which is too much faff.

    Just move your crypto when the time comes to another exchange like Kraken who you can withdraw to HSBC with

  4. #2954
    Quote Originally Posted by Vanguard View Post
    Just move your crypto when the time comes to another exchange like Kraken who you can withdraw to HSBC with
    I believe HSBC have banned all crypto exchanges from depositing and withdrawing money.

  5. #2955
    Master petethegeek's Avatar
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    My name is Michael and I keep buying bitcoin.

    "The company disclosed that it spent $15.0 million to buy about 271 bitcoins on Thursday at an average price of $55,387 per bitcoin, including fees."

    https://www.marketwatch.com/story/mi...ghs-2021-05-13

    I think a chart update is due as soon as I've got the time.

  6. #2956
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    Musk plays around with bitcoin and Tesla: https://www.iflscience.com/technolog...rns-musk-says/

  7. #2957
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    Quote Originally Posted by petethegeek View Post
    My name is Michael and I keep buying bitcoin.

    "The company disclosed that it spent $15.0 million to buy about 271 bitcoins on Thursday at an average price of $55,387 per bitcoin, including fees."

    https://www.marketwatch.com/story/mi...ghs-2021-05-13

    I think a chart update is due as soon as I've got the time.

    I think the market has realised what is happening. That company will not survive 2021.

    #plantpot

  8. #2958

  9. #2959
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    So I’ve just dipped my toe into the crypto market not really knowing to much , I’ve only used a very very small amount that I call shits and giggles amount so if I loose it then it is what it is , Binance seem to be the one that comes up alot on threat , so let the shits and giggles begin

  10. #2960
    Quote Originally Posted by noTAGlove View Post
    And this probably didn’t help.

    https://arstechnica.com/tech-policy/...-mine-bitcoin/


    Sent from my iPad using Tapatalk

  11. #2961
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    Could be carrying on the trend as tether have dropped a report saying they’re only actually 3% backed by USD. Probably trying to lob it out under the radar of the tesla news.

    I’m not convinced it’ll blow up just yet, been going for years and not exactly a secret what they’re up to, I’m sure they can milk it a few more.

  12. #2962
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    I had a few £ in Binance / Coinbase holding Eth, helium and ICP. I may regret it (esp ICP) but I’ve sold them all and swapped for bitcoin.

  13. #2963
    Master petethegeek's Avatar
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    Quote Originally Posted by Raffe View Post
    That company will not survive 2021.
    Good to hear. It was getting a bit tight on the x-axis.

    Quote Originally Posted by wombleh View Post
    ...tether have dropped a report saying they’re only actually 3% backed by USD.
    This one?

  14. #2964
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    Lot of crypto being hit the last 24 hours but ADA Cardano is bucking the trend, admittedly only 10% on $1.20 but doing better than the big players..

  15. #2965
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    Doge up 17% (!)

  16. #2966
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    Quote Originally Posted by demonloop View Post
    Doge up 17% (!)
    Elon again.

    I wonder how long until somebody is doing something against this?


    For all you stakers: https://cryptowhalex.medium.com/here...t-83e1d96f4a81
    #plantpot

  17. #2967
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    Assuming Elon is profiting off the back of his tweets then he’s doing no different than John Mcaffe.

  18. #2968
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    Quote Originally Posted by Bangers View Post
    Assuming Elon is profiting off the back of his tweets then he’s doing no different than John Mcaffe.
    True dat.

    What happened with John?
    #plantpot

  19. #2969
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    Quote Originally Posted by wombleh View Post
    Could be carrying on the trend as tether have dropped a report saying they’re only actually 3% backed by USD. Probably trying to lob it out under the radar of the tesla news.

    I’m not convinced it’ll blow up just yet, been going for years and not exactly a secret what they’re up to, I’m sure they can milk it a few more.
    Quote Originally Posted by petethegeek View Post

    Amazing report by tether. One would be inclined to short tether against USD, because it cannot go up as it's pegged and will go down if it fails. But wait, there is a 9% interest rate - a bit surprising as it is pegged 1-1 against the Dollar. A free lunch of converting your Dollars to tether and collect the 9%? Me thinks no, I'd rather short the hell out of this.

    FT commentary today: https://archive.ph/i88vx
    #plantpot

  20. #2970
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    Quote Originally Posted by Raffe View Post
    Amazing report by tether. One would be inclined to short tether against USD, because it cannot go up as it's pegged and will go down if it fails. But wait, there is a 9% interest rate - a bit surprising as it is pegged 1-1 against the Dollar. A free lunch of converting your Dollars to tether and collect the 9%? Me thinks no, I'd rather short the hell out of this.

    FT commentary today: https://archive.ph/i88vx

    So when do we get the first implosion?

  21. #2971
    Quote Originally Posted by noTAGlove View Post
    I believe HSBC have banned all crypto exchanges from depositing and withdrawing money.

    I just withdrew some money from my Kraken account to my HSBC account on Wednesday, if they do look to ban it I'll change banks

  22. #2972
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    Quote Originally Posted by Raffe View Post
    What happened with John?
    Sadly, growing older in a Spanish jail still awaiting extradition.

    "Many specifics of the cryptocurrency fraud charges are, as yet, largely unclear. But it is understood the Securities and Exchange Commission (SEC) believe McAfee had been tweeting about digital assets he held in order to inflate their price."

    "The veteran programmer hinted earlier this year that it was his early involvement with the joke Dogecoin – a seven-year-old cryptocurrency heavily plugged on twitter and even Saturday Night Live by billionaire Elon Musk – that led to US authorities hunting him down on a string of charges."

    Stop me if you've already heard it.

    https://www.cityam.com/john-mcafee-c...fraud-charges/

  23. #2973
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    More on tether: https://www.coindesk.com/tether-firs...on-report-usdt

    I am seriously wondering what it will take to start this thing to fall apart? We might hear a reaction by the NYAG soon.
    #plantpot

  24. #2974
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    Quote Originally Posted by Raffe View Post

    I am seriously wondering what it will take to start this thing to fall apart? .
    Same as any other Ponzi scheme I guess, people pulling their capital out.

  25. #2975
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    Jackson Palmer, one of the co-founders of Doge-Coin, left Twitter a while ago.

    He returned for a few minutes yesterday to tweet this (and deleted it again - but the tweet is authenticated here).


    #plantpot

  26. #2976
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    lol'd great stuff, pot kettle/ takes one to know one etc eh.

  27. #2977
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    Quote Originally Posted by Passenger View Post
    lol'd great stuff, pot kettle/ takes one to know one etc eh.
    Maybe not.

    https://decrypt.co/3722/dogecoin-inv...egrets-nothing
    #plantpot

  28. #2978
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    Quote Originally Posted by Raffe View Post
    Strewth, actually cheers for posting that R.

  29. #2979
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    Quite a few of us in this thread own crypto while quite a few feel its a ponzi waiting to collapse.

    Be interesting to hear views on what you feel the future holds for crypto?

    Personally I think its here to stay, the likes of ETH and BTC are being pushed for ETF recognition in the US which would make it far more investable for big institutions, Visa are looking to use crypto as a payment system, even a £30m Banksy was purchased using crypto this week!

    Of course, it could all come down like a pack of cards and Wallstreet can celebrate but like I said I think its here to stay, especially the big players..

  30. #2980
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    Quote Originally Posted by murkeywaters View Post
    Quite a few of us in this thread own crypto while quite a few feel its a ponzi waiting to collapse.

    Be interesting to hear views on what you feel the future holds for crypto?

    Personally I think its here to stay, the likes of ETH and BTC are being pushed for ETF recognition in the US which would make it far more investable for big institutions, Visa are looking to use crypto as a payment system, even a £30m Banksy was purchased using crypto this week!

    Of course, it could all come down like a pack of cards and Wallstreet can celebrate but like I said I think its here to stay, especially the big players..

    It’s hard to think that there won’t be some sort of global crypto currency in the future... but quite how that works I’m unclear and how is it regulated and exchange rates set. For 3rd world residents with poor local currency management and banking it would be very attractive.

    In the west we already have a perfectly good means of exchange and digital transactions are easy, cheap and instant. So I’m not sure if there is a problem to solve. Only 3% of money exists as physical cash so it’s all digital so not really that different to crypto is it?

    Bitcoin may survive as a digital commodity if it achieves mainstream confidence but with no intrinsic value it’s really at risk from a loss of confidence. If you want to invest in something like that how is a Bitcoin eft and better than a gold etf?

    There will be some long term crypto activity but right now it looks like a Wild West gold rush and there is a lot of highly dubious activities going on. There will be some big winners and a lot of losers, so I’m staying clear ... good luck to those who take the plunge but it’s not for me ... until it becomes mainstream and has some level of regulation or protection of assets.

  31. #2981
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    Interesting video interview with one of the original Bitcoin gurus.

    I’d say he’s still bullish.

    https://youtu.be/dvdt-B-dNBw

  32. #2982
    When the shoe shine boy or balding 50-something boomer puts a few quid into crypto, you know it’s time to liquidate your crypto holdings.

    Just put £100 each into BTC, ETH, LTC, ADA and VET for a bit of entertainment.

    A lot of skill and research went into the above choice, using the tried and tested dart and dartboard approach.

  33. #2983
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    Elon working hard to tank bitcoin, now suggesting that Tesla already sold out of their position.

    Doge is up, by the way.
    #plantpot

  34. #2984
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    Crickey! NoTagLove bought some Bitcoin! Whatever next, Montello buying Doge?

  35. #2985
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    I sold out of my Argo position before the weekend so take this as an indicator that crypto will moon.....

    Sent from my SM-G950F using Tapatalk

  36. #2986
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    Quote Originally Posted by Raffe View Post
    Elon working hard to tank bitcoin, now suggesting that Tesla already sold out of their position.

    Doge is up, by the way.
    He is defo up to something. I have a suspicion that whatever it is, it’s going to result in two things……

    1) Elon being the richest man on Earth by some margin.

    2) Tesla share price going to a new ATH.





    I wonder if his plan is as simple as……make people sell their BTC to buy Doge, then convert all his Doge into BTC and send that skyward again.

    Or……try to make Doge into the “Satoshi” fractional coin that Bitcoin needs to become mainstream.

  37. #2987
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    Quote Originally Posted by ryanb741 View Post
    Delighted that I liquidated my Argo Blockchain Portfolio at 200p a couple weeks ago.

    Less delighted that I piled the entire proceeds into SMT.



    Sent from my SM-G950F using Tapatalk
    Quote Originally Posted by ryanb741 View Post
    I sold out of my Argo position before the weekend so take this as an indicator that crypto will moon.....

    Sent from my SM-G950F using Tapatalk

    #plantpot

  38. #2988
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    Quote Originally Posted by Raffe View Post
    I went back in. And out quickly again! Finally timed something right!

    Sent from my SM-G950F using Tapatalk
    Last edited by ryanb741; 16th May 2021 at 20:46.

  39. #2989
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    Quote Originally Posted by ryanb741 View Post
    I went back in. And out quickly again! Finally timed something right.

    Sent from my SM-G950F using Tapatalk
    Well done you. Nice and smooth.

    Don't think crypto will rally, very weak right now on the back of the Tesla rumour, just wait until that hits the big wires and Asia starts their day. I think BTC has a lot of downside from here.
    #plantpot

  40. #2990
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    Quote Originally Posted by mr noble View Post


    2) Tesla share price going to a new ATH.
    Hahahahahahahahahahahaha, can't stop laughing.

    Tesla will go below $100.
    #plantpot

  41. #2991
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    Quote Originally Posted by Raffe View Post
    ...just wait until that hits the big wires...
    Bloomberg carrying it now.

    https://archive.ph/e3ajP
    #plantpot

  42. #2992
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    Quote Originally Posted by Raffe View Post
    Well done you. Nice and smooth.

    Don't think crypto will rally, very weak right now on the back of the Tesla rumour, just wait until that hits the big wires and Asia starts their day. I think BTC has a lot of downside from here.
    Thank you. A quick 20% and I didnt have the stomach to hold when I could see BTC wasnt rallying and I didnt want to leave it in play over the weekend.

    Sent from my SM-G950F using Tapatalk

  43. #2993
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    Quote Originally Posted by Raffe View Post
    Bloomberg carrying it now.

    https://archive.ph/e3ajP
    BTC at 45k. And heading south

    Sent from my SM-G950F using Tapatalk

  44. #2994
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    Quote Originally Posted by mr noble View Post
    Montello buying Doge?
    Lol ... never going to happen...

  45. #2995
    He will dump Doge as well when it suits. Absolutely mad.

  46. #2996
    Grand Master ryanb741's Avatar
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    Had a look at the Polestar2 yesterday. So much nicer than the Tesla equivalent and cheaper too. Proper luxury inside instead of the Tesla plastic vibe.

    Made me think Tesla's days as the default EV may be numbered as I'd for sure rather spend £50k on a Polestar 2 than a Model 3.

    I guess I'm not unique so at some stage that'll filter through to investor sentiment.

    Sent from my SM-G950F using Tapatalk

  47. #2997
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    Never thought I’d see Bitcoin below 40k again, but today we might

  48. #2998
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    The Technoking clarifies:



    #plantpot

  49. #2999
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    Good time to buy perhaps

  50. #3000
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    Regardless of whether Tesla has or has not sold BTC I just find it ridiculous that ones mans comments can have such an effect. Imagine Warren Buffett touting or slating a stock every couple of days through social media..

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