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Old 5 Dec 24, 03:45 PM  
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#11
Nomis
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Originally Posted by wanye View Post
transaction fees to send BTC to users has gotten beyond a joke if youre a casual user.

i think it cost me something like £18 in fees to transfer £30 in BTC to someone recently via coinbase
I did £210 and it cost me £35 in fees ludicrous now
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Old 5 Dec 24, 03:47 PM  
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#12
Nomis
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Originally Posted by levtweeney View Post
Oh the stories of what might have been

My friend told me, when Ether was about £200 each, that I should buy a few. He had about ten at the time. I was like yeah whatever… I wish I could go back to that time
That’s the thing though isn’t it hindsight I remember look a few years at Apple and read that if when the first iPod came out instead of buying one you bought the $400 of Apple stock it would be worth $45k and I think it’s gone up probably 50% since then
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Old 5 Dec 24, 03:53 PM  
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#13
novocastrian
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In this day & age most people dont have £££ to invest & the last place I would invest is in something unregulated like Crypto

from Santander website

Investment in crypto assets can be high risk
Before you invest, you need to know the basics and understand the risks. Crypto activity is not regulated yet in the UK. This means there is no safety net if things go wrong. If you decide to invest in crypto, then you should be prepared to lose all your money.
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Old 5 Dec 24, 04:01 PM  
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#14
Pinchy
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Originally Posted by Perthite View Post
For starters it’s hugely risky and volatile.

Moreover, many of us feel uncomfortable about the whole thing for moral reasons. Blockchain currencies thrive because of their untraceability and are the currency of choice for criminals, terrorists, money launderers, blackmailer, tax evaders and so on.
The volatility doesn't bother me as I'm looking at it long term. It's still not fully appeciated even by some of the big investors, people take profits, there's a fixed supply that can't react to demand and lots of other reasons. It will stabilise, which is why many experts say buy and hold on for dear life.

I like bitcoin because it is designed as a much fairer way of dealing with value on-line which is far more moral than the system we have now. As has been said it has been exploited but criminals are slowly learning that it isn't as untraceable as they thought. It's certainly far more traceable than cash which still makes up the vast majority of illegal use and we don't regard that as morally wrong. Well I don't anyway.
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Old 5 Dec 24, 04:04 PM  
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Nomis
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Crypto goes up when Trump is in power as he will be harder on the Mexican border making cash going back and forth riskier or at least that is what I read
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Old 5 Dec 24, 04:21 PM  
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#16
Pinchy
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Originally Posted by belfastbabe View Post
I’m not buying because a) don’t have enough money to invest and b) didn’t understand one word of the post🙈🤣🤣🤣
I would say that any amount is the right amount because IMO it's going to be worth a lot more in a few years. It is the best performing asset in history.

In essence it's being able to make payments from one person to another without a bank in between. It can be 100% trusted and is secure because it relies on a network of computers running the software only, not the operators.
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Old 5 Dec 24, 04:26 PM  
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#17
Moorlandman
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Originally Posted by Pinchy View Post
In essence it's being able to make payments from one person to another without a bank in between. It can be 100% trusted and is secure because it relies on a network of computers running the software only, not the operators.
All works well if everyone is honest.

At least with a bank there is some protection from scammers.
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Old 5 Dec 24, 04:29 PM  
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#18
novocastrian
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Originally Posted by Pinchy View Post
I would say that any amount is the right amount because IMO it's going to be worth a lot more in a few years. It is the best performing asset in history.

In essence it's being able to make payments from one person to another without a bank in between. It can be 100% trusted and is secure because it relies on a network of computers running the software only, not the operators.
surely no one can a guarantee 100% on anything

the best you will ever get is 5 nines (99.999%)

there is always a risk
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Old 5 Dec 24, 04:59 PM  
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A few years back my mate purchased one coin at 20k it then crashed to 4K, i purchased one.

I sold at 8k and declared myself a expert 🤣 he kept and still has his.
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Old 5 Dec 24, 05:14 PM  
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Originally Posted by Pinchy View Post
I would say that any amount is the right amount because IMO it's going to be worth a lot more in a few years. It is the best performing asset in history.

In essence it's being able to make payments from one person to another without a bank in between. It can be 100% trusted and is secure because it relies on a network of computers running the software only, not the operators.

Could AI one day be a threat to Crypto security?
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