Discussion in 'SMB' started by Doctor Diesel, Nov 23, 2017.

  1. Dave Herbal

    Dave Herbal Striker

    Heard about this on the radio this morning but didn’t understand it and can’t be bothered to read the thread. What’s worth the money? An actual bitcoin itself? in which case what did they start at and how are they so expensive now?
  2. Andy_Roker1983

    Andy_Roker1983 Striker

    Capital gains tax free allowance is currently 11,300. Sell a bitcoin transfer the tax free amount into your bank. Wait couple
    month then transfer the other couple of grand. Do you think the tax man would find out? Not that I have this problem mind :lol:

    It’s be a nice problem to have. Bet there’s loads of people who haven’t declared it.
  3. PTR

    PTR Striker

    Surely this has all the hallmarks of a classic bubble now?

    The demand is from people who don't understand, trying to get on the train, and all the clever people are picking a moment to dump?
  4. safcsafc

    safcsafc Midfield

    Can't argue with that profit mind. It's all just numbers on a screen until the cash is sitting in your bank.

    She might be kicking herself if it does get to 40k though:)
    No7 likes this.
  5. CraigyLee

    CraigyLee Striker

    Now we get out ^
  6. Dave Herbal

    Dave Herbal Striker

    Haway man, like I have money to invest in anything :lol:
  7. MackneyHackem

    MackneyHackem Central Defender

    Haway man you have to keep one of them.
    Billy The Kid and No7 like this.
  8. Doctor Diesel

    Doctor Diesel Striker

    Please post a picture of her expression when they hit 100k USD and you've already sold them at her wish
    No7 likes this.
  9. CraigyLee

    CraigyLee Striker

    Bitcoin has died 202 times iirc
    PTR and No7 like this.
  10. kossoff

    kossoff Winger

    His wife does by the sounds of it...
  11. No7

    No7 Midfield

    I will to be fair. But as you say, it's the profit currently made. She's holding that over my head :lol:

    If I had my way, I would be keeping the lot for a lot longer. I can't live a life where I'm getting moaned at every waking minute of the day because of this ha!

    I'll post mine :lol:

    Without a brown paper bag :lol:
    safcsafc likes this.
  12. MackneyHackem

    MackneyHackem Central Defender

    She doesn't have to know does she? If you just keep the one. Or half of one.
  13. CraigyLee

    CraigyLee Striker

    She's already spent te money by sounds of it every last penny or is it a satoshi
    Doctor Diesel and No7 like this.
  14. No7

    No7 Midfield

    She'd know. She knows what they're worth now!

  15. pfoz88

    pfoz88 Central Defender

    This didnt pan out as expected.
  16. AndrewP

    AndrewP Striker

    It's been like this for a couple of months now. Bubble for sure, just when will it pop. If it doesn't pop soon, then a lot of erm speculative people could end up doing very well out of it.
  17. Geronimo

    Geronimo Striker

    It's the very definition of a bubble.

    Tech stocks in the dotcom crash were worth $2.9tn before collapsing in 2000, whereas the market cap of bitcoin currently stands at $170bn, which could signal there is more room for the bubble to grow. The libertarian dream of bitcoin’s creators is of a currency existing outside the traditional world of finance. But the bigger bitcoin grows and the more conventional institutions such as the CME get involved, the more chance there is of investors losing money and for regulators to intervene.

    DON'T !!!!

    Unless you can afford to lose it all
  18. CraigyLee

    CraigyLee Striker

    There’s been about 4 bitcoin bubbles tbf

    Wish i'd invested a few bob in Amazon and Ebay before the bubble burst mind
    Last edited: Dec 7, 2017
    Coeus likes this.
  19. AndrewP

    AndrewP Striker

    Aye, but in the last couple of months it's been everywhere.
  20. Indeed

    The tax authorities in the US have made Coinbase release details I think.

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