Author Topic: CryptoCurrency Who Plays?  (Read 551 times)

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Offline DannyG

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CryptoCurrency Who Plays?
« on: February 19, 2021, 07:14:06 AM »
Does anyone on here dabble in Cryptocurrency?

I am working with some new casuals for the last year or so and all they do is ramble on about trading crypto money. So much so that I thought I may as well have a bit of a play myself.....you know, a bit like going to the casino.....Im only spending money I am willing to donate ;)

I dont know a lot about it in the big scheme of things and I was one of these people people that always thought bitcoin was some sort of a scam.

What are your thoughts.
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Offline MDS69

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Re: CryptoCurrency Who Plays?
« Reply #1 on: February 19, 2021, 08:02:57 AM »
The guy I sit next to at work just withdrew some money from his “wallet” I think it was called. He purchase about $2k worth of bitcoin (I don’t know how long ago) and his investment was worth $9k late last week so he cashed in but kept his original amount in his account.
The guy that sits over from me dabbles in mining shares mostly obscure ones but has around $15k out there in the share market. He also dabbles in crypto currency but not bitcoin.
I just wish I had a few dollars to play with to have a go.

Offline paceman

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Re: CryptoCurrency Who Plays?
« Reply #2 on: February 19, 2021, 08:20:42 AM »
I got out of Bitcoin and started at the bottom with ChainLink... got 4 and a bit ‘coins’

Hopefully it will be like Bitcoin in a few years... :)


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Offline lloydus67

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Re: CryptoCurrency Who Plays?
« Reply #3 on: February 19, 2021, 10:11:30 AM »
I haven’t played, but a couple of mates at work do.
They told me that the like of ethereum, litecoin, neo etc are purchased using bitcoins and so many gains are cancelled out by opposing drops
Ie ethereum goes up, Bitcoin goes down, so little actual profit these days.
Most of them have kept a small amount as stock, but are not really trading until things change.
Lloyd


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Offline Ozemu

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Re: CryptoCurrency Who Plays?
« Reply #4 on: February 19, 2021, 11:44:30 AM »
Have a look at Qoin, interesting little thing going on there.

Offline lloydus67

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Re: CryptoCurrency Who Plays?
« Reply #5 on: February 19, 2021, 11:50:34 AM »
Qoin is the old bartercard system.
It was a little unsuccessful as who wants to trade a new phone for 2500 coffees or some other similar trade.
Maybe the currency will do a little better


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Offline GBC

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Re: CryptoCurrency Who Plays?
« Reply #6 on: February 19, 2021, 02:42:41 PM »
I haven’t played, but a couple of mates at work do.
They told me that the like of ethereum, litecoin, neo etc are purchased using bitcoins and so many gains are cancelled out by opposing drops
Ie ethereum goes up, Bitcoin goes down, so little actual profit these days.
Most of them have kept a small amount as stock, but are not really trading until things change.
Lloyd


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Usually accurate, but since Musk grabbed $1.5b worth of Bitcoin there have been gains everywhere. I have all of those and a couple more. My portfolio has doubled in the past few weeks but prior to that sat for a year or two.
Buying in now with Bitcoin at all time high would not be recommended. If you were a gambler you’d go all in against it right now. There is little rhyme to it all and it is gambling at best. It keeps me interested though. Like anything, time in the market is the trick. I bought in when neo was called Antshares in 2016 so I’m doing ok.

Offline edz

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Re: CryptoCurrency Who Plays?
« Reply #7 on: February 20, 2021, 09:43:23 AM »
So when you blokes make your first $100.000 in Bit coins can you draw it out as real cash ? or go buy a new Cruiser with it ?  ..Never heard of anyone actualy getting anything  with it, just asking  .
A couple of blokes at work reckon theyre raking it in, But an honest  " So why are you still here working in this Shithole " is met with mumbles and  change of subject  .
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Offline GBC

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Re: CryptoCurrency Who Plays?
« Reply #8 on: February 20, 2021, 10:25:50 AM »
So when you blokes make your first $100.000 in Bit coins can you draw it out as real cash ? or go buy a new Cruiser with it ?  ..Never heard of anyone actualy getting anything  with it, just asking  .
A couple of blokes at work reckon theyre raking it in, But an honest  " So why are you still here working in this Shithole " is met with mumbles and  change of subject  .

Of course you can. I bought a boat with profits a few years back. You also need to declare income and pay tax in Australia. You can buy a Tesla with Bitcoin without converting currency. There are also crypto credit cards which do instant conversions. The handling fees on those are more than normal fiat though so not worthwhile in my case.

Offline edz

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Re: CryptoCurrency Who Plays?
« Reply #9 on: February 20, 2021, 10:28:29 AM »
Ok cool thanks .
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