ewerk 26355 Posted October 25, 2023 Share Posted October 25, 2023 1 Link to comment Share on other sites More sharing options...
Dr Gloom 19826 Posted October 25, 2023 Share Posted October 25, 2023 Wonder if quiff is still holding Link to comment Share on other sites More sharing options...
Monkeys Fist 38768 Posted October 25, 2023 Share Posted October 25, 2023 1 hour ago, Dr Gloom said: Wonder if quiff is still holding Not the called the Kamagra Kid for nothing 1 Link to comment Share on other sites More sharing options...
RobElliott 970 Posted October 25, 2023 Share Posted October 25, 2023 Whats the minimum number of bitcoin you can buy? Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 25, 2023 Share Posted October 25, 2023 2 hours ago, RobElliott said: Whats the minimum number of bitcoin you can buy? The thing about bitcoin is that you can buy a tiny fraction of one. The whole idea is that unlike pounds, dollars or euros which can be conjured out of nothing, there’s a finite number of bitcoin that will ever exist. Coinbase is the biggest and safest exchange to buy from as I recall. They’ll let you buy (say) £100 worth which would be 0.0035 bitcoins. 1 Link to comment Share on other sites More sharing options...
Alex 30414 Posted October 25, 2023 Share Posted October 25, 2023 Funny how there’s a good chance that bloke would’ve sold the lot for about $150k if he hadn’t lost the password. Link to comment Share on other sites More sharing options...
Kid Dynamite 5914 Posted October 25, 2023 Share Posted October 25, 2023 2 hours ago, Ginolaandtonic said: The whole idea is that unlike pounds, dollars or euros which can be conjured out of nothing, there’s a finite number of bitcoin that will ever exist. Howay man 1 Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 25, 2023 Share Posted October 25, 2023 58 minutes ago, Kid Dynamite said: Howay man Quoi? Link to comment Share on other sites More sharing options...
Dazzler 5511 Posted October 26, 2023 Share Posted October 26, 2023 17 hours ago, Ginolaandtonic said: The thing about bitcoin is that you can buy a tiny fraction of one. The whole idea is that unlike pounds, dollars or euros which can be conjured out of nothing, there’s a finite number of bitcoin that will ever exist. Coinbase is the biggest and safest exchange to buy from as I recall. They’ll let you buy (say) £100 worth which would be 0.0035 bitcoins. Bitcoin is digital, it was quite literally conjured out of nothing. Actual currency needs to be manufactured, and creating more of it devalues the amount currently in circulation so they tend to avoid doing it on a large scale. Last major increase in volume was in 2021 for Sterling, so not like they are churning them out constantly. Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 26, 2023 Share Posted October 26, 2023 30 minutes ago, Dazzler said: Bitcoin is digital, it was quite literally conjured out of nothing. Actual currency needs to be manufactured, and creating more of it devalues the amount currently in circulation so they tend to avoid doing it on a large scale. Last major increase in volume was in 2021 for Sterling, so not like they are churning them out constantly. There is no upper limit as to how many Pounds/Euros/Dollars can be created which why the value of fiat currency is constantly falling. The opposite is true of Bitcoin which is why its value has risen. Link to comment Share on other sites More sharing options...
Dazzler 5511 Posted October 26, 2023 Share Posted October 26, 2023 7 minutes ago, Ginolaandtonic said: There is no upper limit as to how many Pounds/Euros/Dollars can be created which why the value of fiat currency is constantly falling. The opposite is true of Bitcoin which is why its value has risen. The value isn't constantly falling though, this is incorrect. Between 2014 - 2018 the value of Sterling in circulation increased year on year by roughly 1% per year. Then covid and brexit happened. So far this year the value of Sterling in circulation has held steady to 2022. Still lower than 2018, but hasn't fallen compared to the prior year (it's actually increased by 0.08%). Average value is largely static and has really only been affected by economic uncertainty in the country so it's incorrect to make out that it is in a constant decline. Bitcoin prices have dropped substantially and increased again over that same time period. In October 2021 the price was $61k, a year later it was down to $16k, and even now it's only back up to $28k. It's value has risen over a very short lifespan, but it's far, far more volatile than traditional currency. Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 26, 2023 Share Posted October 26, 2023 24 minutes ago, Dazzler said: The value isn't constantly falling though, this is incorrect. Between 2014 - 2018 the value of Sterling in circulation increased year on year by roughly 1% per year. Then covid and brexit happened. So far this year the value of Sterling in circulation has held steady to 2022. Still lower than 2018, but hasn't fallen compared to the prior year (it's actually increased by 0.08%). Average value is largely static and has really only been affected by economic uncertainty in the country so it's incorrect to make out that it is in a constant decline. Bitcoin prices have dropped substantially and increased again over that same time period. In October 2021 the price was $61k, a year later it was down to $16k, and even now it's only back up to $28k. It's value has risen over a very short lifespan, but it's far, far more volatile than traditional currency. Of course it’s more volatile but it’s a completely new currency designed to do what fiat currency doesn’t do, ie store value. Time will tell if Bitcoin will be the currency to do that successfully. Currency was more stable when it was tied to something else (ie gold) and for decades money held its value. The last 50 years or so has seen money being printed at astronomical rates. You can argue over a short time scale that fiat is stable but it’s a nonsense argument to try and claim that fiat currency isn’t inherently prone to losing value. Link to comment Share on other sites More sharing options...
Alex 30414 Posted October 26, 2023 Share Posted October 26, 2023 Strong GQ vibes 3 Link to comment Share on other sites More sharing options...
spongebob toonpants 3604 Posted October 26, 2023 Share Posted October 26, 2023 24 minutes ago, Alex said: Strong GQ vibes Yep. Already called it 1 Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 26, 2023 Share Posted October 26, 2023 Sorry you guys missed the boat 🤷♂️ Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 26, 2023 Share Posted October 26, 2023 Why not jump in now, you never know your luck Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 26, 2023 Share Posted October 26, 2023 Link to comment Share on other sites More sharing options...
Ginolaandtonic 169 Posted October 26, 2023 Share Posted October 26, 2023 😎🚀 Link to comment Share on other sites More sharing options...
Monkeys Fist 38768 Posted October 26, 2023 Share Posted October 26, 2023 40 minutes ago, Alex said: Strong GQ vibes No way this bloke is a smoggie, mind. Link to comment Share on other sites More sharing options...
Dazzler 5511 Posted October 26, 2023 Share Posted October 26, 2023 2 hours ago, Monkeys Fist said: No way this bloke is a smoggie, mind. Not with a knock off Rolex from a Turkish bazaar. Smoggies don't have opposable thumbs, a watch would fall right off. 3 Link to comment Share on other sites More sharing options...
Christmas Tree 3997 Posted November 16, 2023 Share Posted November 16, 2023 KAS performing phenomenally. Currently up over 450% since April and the bull markets only just raising its head. Link to comment Share on other sites More sharing options...
Howmanheyman 26847 Posted November 16, 2023 Share Posted November 16, 2023 48 minutes ago, Christmas Tree said: "KAS performing phenomenally. Currently up over 450% since April and the bull markets only just raising its head." Alreet, CT. 8 Link to comment Share on other sites More sharing options...
Gemmill 34478 Posted November 16, 2023 Share Posted November 16, 2023 "Guys. Scratch that stuff I said about the bull market. Didn't work out." 7 Link to comment Share on other sites More sharing options...
Monkeys Fist 38768 Posted November 16, 2023 Share Posted November 16, 2023 Boldon’s own Gordon Geekoid. 5 Link to comment Share on other sites More sharing options...
ewerk 26355 Posted November 16, 2023 Share Posted November 16, 2023 16 minutes ago, Monkeys Fist said: Boldon’s own Jeffrey Epstein FYP 3 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now