Bitcoin price $100K for the first time

[Pinchy]

At $100K (£80K) per coin we have reached what some believe to be an important milestone for bitcoin.

There is now pretty much consensus that blockchain works and that for bitcoin at least it is a safe way to store information and the coins themselves. Although like cash there is criminality and bad practice around it, the payment system itself has never failed.

Large financial institutions including pension funds are now using bitcoin either directly or indirectly although it is currently mostly seen as speculative as the price becomes too big to ignore. Support from the upcoming Trump government has re-energised the price.

IMO the price has a long way to go along an inevitable trajectory as understanding and confidence grows.

So, why aren't you buying lots of bitcoin?

[levtweeney]

I invested in The Ethereum (ether) blockchain a few years ago and that has risen to over £3000 per ether today so I’m more than happy with that. Only wish I had bought more 😂

I buy my crypto on Coinbase then transfer it on to my Ledger wallet.

I have also bought the crypto Ada which is also climbing nicely.

[Perthite]

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.

[belfastbabe]

I’m not buying because a) don’t have enough money to invest and b) didn’t understand one word of the post🙈🤣🤣🤣

[wanye]

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

[Moorlandman]

Bitcoin/crypto currency.

Can I use it in Argos to pay for Christmas pressies? no
Can I use it to buy drugs and other illegal items? yes
Can I use it to gamble on unregulated Casinos? yes

[tspill]

Originally Posted by Perthite

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.

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While I agree to a point. Criminals will learn to exploit everything. That doenst necessarily mean it is morally wrong in itself.

I bought a few thousands of £ worth years ago as a punt and FOMO. I saw it halve, and now I have seen it nearly triple in value. So yes, it is VERY volatile and a gamble.

[CarolynU]

Originally Posted by belfastbabe

I’m not buying because a) don’t have enough money to invest and b) didn’t understand one word of the post🙈🤣🤣🤣

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Me neither. lol!

[Pinchy]

Originally Posted by levtweeney

I invested in The Ethereum (ether) blockchain a few years ago and that has risen to over £3000 per ether today so I’m more than happy with that. Only wish I had bought more 😂

I buy my crypto on Coinbase then transfer it on to my Ledger wallet.

I have also bought the crypto Ada which is also climbing nicely.

See more...

I used to have a fair bit of ether but moved most of it to bitcoin when they went to proof of stake.

Well done on the investment. I don't think there is a single person that doesn't wish they had bought more. I told everyone I knew about it and not a single one bought any crypto even when you could get free money mining it with a laptop.

[levtweeney]

Originally Posted by Pinchy

I used to have a fair bit of ether but moved most of it to bitcoin when they went to proof of stake.

Well done on the investment. I don't think there is a single person that doesn't wish they had bought more. I told everyone I knew about it and not a single one bought any crypto even when you could get free money mining it with a laptop.

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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