| Bitcoin, can someone help 21:43 - Feb 15 with 3882 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 14:34 - Feb 16 with 420 views | hype313 |
Milky bars are on you. |  |
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| Bitcoin, can someone help on 14:37 - Feb 16 with 412 views | BryanPlug |
[content removed at owner's request] |  |
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| Bitcoin, can someone help on 14:42 - Feb 16 with 391 views | Nthsuffolkblue |
| Bitcoin, can someone help on 14:34 - Feb 16 by hype313 |
Milky bars are on you. |
Higher up someone equated $200 worth now being valued at £45M.
If the dollar price has gone up 250 fold and the pound price was on the date of $200 around $1 to the £, that would mean the pound has plummeted to £900 to the $.
I suspect the £45M was some factor of a thousand out!
Of course, all of these things are only worth what someone is willing to pay for them. If someone is willing to pay these sort of prices, I would cash in if I had them. I can't understand why the value would continue to rise. But then I am no economist. |  |
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| Bitcoin, can someone help on 18:13 - Feb 16 with 333 views | Guthrum |
| Bitcoin, can someone help on 12:51 - Feb 16 by BlueandTruesince82 |
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 |
Certainly. My post was a response to the first sentence of your final paragraph, really.
The "Crypto" part is something of a conceit, perhaps to make it seem more glamourous in anti-establishment eyes. Especially now it's moving more into the mainstream (which I believe it will continue to do). A better term might be "Unbacked", as they are free-floating and not underwritten by banks or nation stares. |  |
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| Bitcoin, can someone help on 18:39 - Feb 16 with 304 views | Giant_Midget |
| Bitcoin, can someone help on 22:03 - Feb 15 by BryanPlug |
[content removed at owner's request] |
About 8 or 9 years ago, I took a trip down the silk road and remember buying bitcoin when it traded around £200 a coin, I thought it was incredible a bit of data was so valuable.
I wish I'd kept hold of my half a coin now, rather than effectively snorting a house deposit! [Post edited 16 Feb 2021 19:41]
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| Bitcoin, can someone help on 18:41 - Feb 16 with 302 views | BryanPlug |
| Bitcoin, can someone help on 14:42 - Feb 16 by Nthsuffolkblue |
Higher up someone equated $200 worth now being valued at £45M.
If the dollar price has gone up 250 fold and the pound price was on the date of $200 around $1 to the £, that would mean the pound has plummeted to £900 to the $.
I suspect the £45M was some factor of a thousand out!
Of course, all of these things are only worth what someone is willing to pay for them. If someone is willing to pay these sort of prices, I would cash in if I had them. I can't understand why the value would continue to rise. But then I am no economist. |
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| Bitcoin, can someone help on 18:57 - Feb 16 with 271 views | BlueandTruesince82 |
| Bitcoin, can someone help on 18:13 - Feb 16 by Guthrum |
Certainly. My post was a response to the first sentence of your final paragraph, really.
The "Crypto" part is something of a conceit, perhaps to make it seem more glamourous in anti-establishment eyes. Especially now it's moving more into the mainstream (which I believe it will continue to do). A better term might be "Unbacked", as they are free-floating and not underwritten by banks or nation stares. |
That's true with bitcoin which has no real world use case other than providing anonymity. Lots of Alt coins are designed with a purpose and it will be demand for that which drives their value.
Coins for gamers as an example, ultimately they will get traded out for cash by the game makers but within the market place they will be essential as they become a form of payment.
If we look at Musk cynically pushing Doge which was created as a joke we see the rougher end of what is still a market in its infancy. |  |
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