I wonder if he cashed out his $8million in 2018 or... https://www.theverge.com/2018/1/24/16930010/50-cent-rich-bitcoin-twitter-instagram-humblebrag
I was working with a guy back in 2014. I had a few quid sat in savings. Well, more safety net than savings really. We got chatting about his background before moving to Cornwall and joining the company. He was an Analyst for a Hedge Fund in London, running data/numbers for guys that made £250mil+ a year. He was certainly a bright lad and knew how to work his money. Long story short, he was buying Bitcoin every payday/monthly when it was around £200 and pretty much all the way through 2014-2016 when he left the company. Every month he'd keep telling me to "buy some bloody Bitcoin Jimbo, don't just leave it sat in the bank". Six years later those words are now seared into my thick skull. I think the difference was our position on risk tolerance... I come from a pretty poor background, no inheritance coming my way, no house to sell when mum/dad pass away etc. Every penny I earn needs to cover my ass should I fall on hard times and be without an income. My ex-colleague came from a, let's say wealthier background. He had a nice big inheritance coming his way, parents own big houses in the South East. Not knocking him, but you get the idea. He wasn't afraid to lose money in the same way I was. Sometimes the same opportunities present themselves equally but our life experiences really affect our point of view. Anyway, I hope he cashed out and made millions.
Surveyed a new build for a client who wanted a two storey extension adding before moving in. Met him later to go through the insulation legals. He told me that he’d bought the house outright with change to spare when his crypto went through the roof. Didn’t say how much but I’d be guessing at £500k with the extension. He got into it from buying online weapons & booster packs for a video game!
Gosh look another article talking down bitcoin which is over $50,000. By saying somehow it consumes more electricity than countries.. https://www.theguardian.com/technol...n-mining-electricity-use-environmental-impact
I liked the whole idea of it and set up a wallet. Bought a few amounts of £25 - which was the maximum you could buy without registering. Sure enough the BTCs arrived in my wallet and I had a balance of about 1/2 bitcoin. Happy that it worked. I could buy small amounts - send to others - really small scale to test the feasibility of it all, and it all worked fine. So did not bother much after that until the price suddenly shot up to $15,000. I had to do some KYC in order to be able to sell my small holding. Copy of passport - did a selfie holding my passport as proof of ID - usual KYC stuff required by any bank. Sold my small holding for about £3,000. Bought a nice camera and lens (or two) with the money. I probably spent about £100 on bitcoin in all. I just liked the idea of it. A new idea for money, outside of corporate and government control. I could not believe it when the price shot up like that ! It was all right playing around with £25 at a time - could afford to loose it. But the stakes are higher now.
i read in Facebook that everyone is being vaccinated to allow all transactions to be conducted by the microchips they inject into your bloodstream
whats the minimum you can buy now and how do you buy them? I remember a news item a long time ago about a guy who was searching a refuse tip because he threw the hard drive in the bin that held his Bitcoin wallet. It was worth over £1million then
hmm, are you sure? Richard Murphy says we need to get rid of them if we intend to get serious about going green and saving the planet
When I opened my wallet account with www.blockchain.com they had no facility to buy and sell, it was just a wallet - you could move bitcoin in and out to other people's wallets. Now I think they actually have the facility to do the trade so you can buy and sell from the wallet. Their website, and the Company, has expanded massively since the early days. I see these guys are still going - but now you have to register. When I did this you could buy a small amount without registering, which is what I did. You provide you walled address and pay the £22 to the bank account they say, giving the reference. Then cross your fingers - but I always received mine and it was only a few quid. I figured no big loss since I was not giving them my bank account details they were giving me theirs. But it was fine. ( Disclaimer - this is who I used - I do not advocate anything - this is just personal experience for information )
But it's always, "I knew someone..." or "Someone told me...", buy never "I did"..... I get a bit sceptical... You have to sell bitcoin for actual folding - which bitcoin believes to be wrong. I have not got the nerve to try and use bitcoin at my local Co-Op to buy something that is real and tangible - like food.... I suspect that I'd be told to f... right off!
You can buy penthouse apartments in London tower blocks or now tesla cars. A bit more substanial than food,...so basically you think if its for small transactions you'd join in. But because its mythical in some respect, you don't get it. Each printed monetary note has a code on it; a different code for each £5/10/20/50/scottish £100 note. Have you not noticed that??
Building a new video editing PC at the moment. Due to cypto currency mining GPU prices are through the roof. And that's if you can find anywhere that has any stock. Reasonably spec'd graphics cards are far more efficient for this than anything else. Used cards are selling for significantly more that they were new. The miners are making small gains daily with racks of many cards, it all adds up in the end and then they have an asset to sell. Bastards... Had to settle for a used professional GPU where prices seem a little less volatile. When the bottom falls out of mining, once Ethereum levels off, the market will be flooded with used GPUs and I may well upgrade then.
I bought a small fraction of a bitcoin through my Revolut account with £150 I had in there, one month later it's worth over £200. I know it's not much, plus I bought at a high point, non the less it's more than it was making just sat there and more than any bank pays.
I don't know but presume you have a couple of tenner's or twenty pound notes in your wallet. If they are fresh from the bank (few remain on many highstreets) you might of gotten some with consecutive printed numbers. Just like bitcoin has a unique long amalgamation of letters/signs/alphabet code. So do each individual printed paper note....just to clarify how those 'bitcoin work' better in your head. You can buy fractions of a whole bitcoin just the same way £40,000+ per bitcoin (not that the coins exist as its all digital)
I don't do cash any more. If I can't use bitcoin from my bank account, or buy with it at any of the places that I usually buy from, then I can see no reason whatsoever to ever get involved. As far as I am concerned it is rubbish. If Stroud Brewery accepted it, then I would be more interested. My local Co-op does not accept it, Stroud Brewery don't, nor do Amazon. Money only has value if you can exchange it for useful goods. Who (selling anything remotely useful) accepts Bitcoin? Yes, plenty of people can throw their arms up in the air and tell you that Bitcoin is fantastic, but to me, it has no value whatsoever.
