| Bitcoin, can someone help 21:43 - Feb 15 with 3875 views | chrismakin |
Mother in law has 5 bitcoins, she's no idea what she's doing with them as husband bought for her, how much are the worth at the moment to sell, i've no idea how it works. |  |
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| Bitcoin, can someone help on 21:44 - Feb 15 with 3408 views | BryanPlug |
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| Bitcoin, can someone help on 21:45 - Feb 15 with 3401 views | CokeIsKey |
Erm... That's like £170,000 right now - sounds like a shrewd investment from her husband. |  |
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| Bitcoin, can someone help on 21:45 - Feb 15 with 3399 views | ElderGrizzly |
They are worth about £35k each! |  | | |
| Bitcoin, can someone help on 21:48 - Feb 15 with 3350 views | Funge |
Righto. |  | | |
| Bitcoin, can someone help on 21:48 - Feb 15 with 3356 views | chrismakin |
| Bitcoin, can someone help on 21:44 - Feb 15 by BryanPlug |
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Thanks, i wasn't sure i saw on google it said the value of it, but weren't sure if that was a literal thing!
Think he put in 5k in total when he got them | |
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| Bitcoin, can someone help on 21:50 - Feb 15 with 3324 views | BryanPlug |
| Bitcoin, can someone help on 21:48 - Feb 15 by chrismakin |
Thanks, i wasn't sure i saw on google it said the value of it, but weren't sure if that was a literal thing!
Think he put in 5k in total when he got them |
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| Bitcoin, can someone help on 21:56 - Feb 15 with 3267 views | Illinoisblue |
| Bitcoin, can someone help on 21:48 - Feb 15 by Funge |
Righto. |
Someone is going to respond with a sarky “I’ve got a chest full of gold coins and diamonds, anyone know what they’re worth?” post. Not me. |  |
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| Bitcoin, can someone help on 21:57 - Feb 15 with 3262 views | BlueandTruesince82 |
If she wants to sell she needs to know how or where they are held? Are they on an exchange (where you trade crypto) or on a hard drive or in cold storage (off line)..
If on an exchange she can just sell but suggest she gets some advice RE Tax implications. |  |
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| Bitcoin, can someone help on 22:00 - Feb 15 with 3223 views | chrismakin |
| Bitcoin, can someone help on 21:57 - Feb 15 by BlueandTruesince82 |
If she wants to sell she needs to know how or where they are held? Are they on an exchange (where you trade crypto) or on a hard drive or in cold storage (off line)..
If on an exchange she can just sell but suggest she gets some advice RE Tax implications. |
Cheers, we're going to look into further tommorow | |
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| Bitcoin, can someone help on 22:03 - Feb 15 with 3208 views | BryanPlug |
| Bitcoin, can someone help on 22:00 - Feb 15 by chrismakin |
Cheers, we're going to look into further tommorow |
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| Bitcoin, can someone help on 22:05 - Feb 15 with 3182 views | chrismakin |
| Bitcoin, can someone help on 22:03 - Feb 15 by BryanPlug |
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Will do, | |
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| Bitcoin, can someone help on 22:05 - Feb 15 with 3181 views | J2BLUE |
| Bitcoin, can someone help on 22:03 - Feb 15 by BryanPlug |
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Someone on here posted they didn't get in at the start as they didn't think it should be distributed the way it was...
Could have done some amazing charity work with the gains... |  |
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| Bitcoin, can someone help on 22:06 - Feb 15 with 3168 views | BlueandTruesince82 |
| Bitcoin, can someone help on 22:00 - Feb 15 by chrismakin |
Cheers, we're going to look into further tommorow |
Once you know where they are let me know and I can advise a little bit more as to what to do. Watch the price over the comming days, it will move.... just Google it and you'll see | |
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| Bitcoin, can someone help on 00:59 - Feb 16 with 2817 views | JDB23 |
Will be interesting to see how much cryptocurrency has an effect on climate change given the mass amount of energy being used to mine it. Good to see Elon "saviour of the world" Musk pushing it hard for the bantz. |  | | |
| Bitcoin, can someone help on 01:38 - Feb 16 with 2782 views | El_Fenix |
I'm glad for your mother-in-law, but why is this a football thread?
You could add another sentence "How many bitcoins would it take to pay off Paul Lambert's contract?"
Fixed it for ya!  |  |
| ITFC shall rise like a phoenix from the ashes of its long decline! |
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| Bitcoin, can someone help on 07:10 - Feb 16 with 2614 views | BryanPlug |
| Bitcoin, can someone help on 01:38 - Feb 16 by El_Fenix |
I'm glad for your mother-in-law, but why is this a football thread?
You could add another sentence "How many bitcoins would it take to pay off Paul Lambert's contract?"
Fixed it for ya! |
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| Bitcoin, can someone help on 07:47 - Feb 16 with 2521 views | Snedders |
| Bitcoin, can someone help on 00:59 - Feb 16 by JDB23 |
Will be interesting to see how much cryptocurrency has an effect on climate change given the mass amount of energy being used to mine it. Good to see Elon "saviour of the world" Musk pushing it hard for the bantz. |
Bitcoin is much more efficient than traditional banking and gold mining on a global scale. Traditional banking consumes 2.34 billion gigajoules (GJ) per year and gold mining 500 million GJ, while Bitcoin consumes 184 million GJ, less than 10% and 40% of traditional banking and gold mining, respectively.
https://ark-invest.com/articles/analyst-research/bitcoin-myths/ |  | | |
| Bitcoin, can someone help on 07:52 - Feb 16 with 2493 views | Herbivore |
| Bitcoin, can someone help on 07:10 - Feb 16 by BryanPlug |
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Yeah, those threads you started trolling everyone about how great we were during and after the Blackpool game, followed by threads doing a complete 180 just 3 days later were pretty cringe to be fair. |  |
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| Bitcoin, can someone help on 07:54 - Feb 16 with 2489 views | BlueandTruesince82 |
| Bitcoin, can someone help on 07:47 - Feb 16 by Snedders |
Bitcoin is much more efficient than traditional banking and gold mining on a global scale. Traditional banking consumes 2.34 billion gigajoules (GJ) per year and gold mining 500 million GJ, while Bitcoin consumes 184 million GJ, less than 10% and 40% of traditional banking and gold mining, respectively.
https://ark-invest.com/articles/analyst-research/bitcoin-myths/ |
Bitcoin is not the only currency, many others are not mined at all.
Bitcoin is a starting point and there are literally hundreds of alts outhere with real world use cases. Lots of people say BTC will fall by the wayside. Equally others say it will continue to fly.
Just in terms of the need not to mint physical currency you are reducing the impact. BTC is probabaly the less efficient but it's impact is over hyped | |
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| Bitcoin, can someone help on 08:29 - Feb 16 with 2396 views | Sparky85 |
I have traded a little with crypto so just a word of warning about how volatile this market can be.
I agree with a previous post about taking some of the profits and leaving some invested. Its worth keeping an eye on the price though as it has fluctuated between £5k and £35k in 2020 alone.
Also maybe take some financial advice before selling up. You can be hit with capital gains tax if you take too much profit out in one hit.
That's my 2p worth anyway. Great story and congrats to your mother in law. Have you negotiated your fee for assisting her in this? :)
I am still hoping to randomly find a few bitcoins on my old computers. The search continues... | | | |
| Bitcoin, can someone help on 09:04 - Feb 16 with 2295 views | Guthrum |
| Bitcoin, can someone help on 07:47 - Feb 16 by Snedders |
Bitcoin is much more efficient than traditional banking and gold mining on a global scale. Traditional banking consumes 2.34 billion gigajoules (GJ) per year and gold mining 500 million GJ, while Bitcoin consumes 184 million GJ, less than 10% and 40% of traditional banking and gold mining, respectively.
https://ark-invest.com/articles/analyst-research/bitcoin-myths/ |
Altho if Bitcoin becomes a mainstram currency, it will require a lot of the same infrastructure - and therefore energy consumption - as traditional banking.
Much of the world's gold mining goes into electronics and jewellery, not anything to do with currency.
Plus Bitcoin is consuming that much while it's still a fringe currency with very little actual circulation. |  |
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| Bitcoin, can someone help on 09:08 - Feb 16 with 2286 views | Guthrum |
| Bitcoin, can someone help on 07:54 - Feb 16 by BlueandTruesince82 |
Bitcoin is not the only currency, many others are not mined at all.
Bitcoin is a starting point and there are literally hundreds of alts outhere with real world use cases. Lots of people say BTC will fall by the wayside. Equally others say it will continue to fly.
Just in terms of the need not to mint physical currency you are reducing the impact. BTC is probabaly the less efficient but it's impact is over hyped |
Physical currency is still needed, tho. Bitcoin is useless in a low-tech environment with uncertain or no internet access (or power supplies, even). | |
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| Bitcoin, can someone help on 12:51 - Feb 16 with 2115 views | BlueandTruesince82 |
| Bitcoin, can someone help on 09:08 - Feb 16 by Guthrum |
Physical currency is still needed, tho. Bitcoin is useless in a low-tech environment with uncertain or no internet access (or power supplies, even). |
It's not designed for a low tech environment. That's missing the point. Even in the poorest countries smart phones are finding there way. There are already users in such countries holding stable coins to guard agaisnt the volatilty of their local currency.
Crypto will not replace fiat, it will sit alongside and integrate with it so you will still be able to pay in fiat. If you mint bitcoin its no longer bitcoin..... just coin | |
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| Bitcoin, can someone help on 12:54 - Feb 16 with 2095 views | Nthsuffolkblue |
| Bitcoin, can someone help on 22:03 - Feb 15 by BryanPlug |
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Remarkable how much the pound has plummeted! |  |
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