BIT COIN (S)

[Efcjake]

Bruce cleverly suggested as such earlier; would you engage in a mortgage in which you owed bitcoin?

Imagine the complexity of trying to offer a deflationary mortgage as a bank given bitcoin's volatility.

 

[Efcjake]

Have some faith Kev! We want to see you get that 2 MILLION BIG ONES

He can buy us all "I'm poor and didn't believe in bitcoin" mugs.

 

[Kev The Rat]

Have some faith Kev! We want to see you get that 2 MILLION BIG ONES

I’ll quote you on that when it happens.

 

[SerenityNigh]

Imagine the complexity of trying to offer a deflationary mortgage as a bank given bitcoin's volatility.

Look at what happened when we had ARMs based on tied to LIBOR, renewing at once!

And that's a relatively simple product.

 

[orly]

I’ll quote you on that when it happens.

I'd be delighted for you mate. £35k for an average of 900 per coin is beastly balls

 

[abelard]

I'd be delighted for you mate. £35k for an average of 900 per coin is beastly balls

yes, good luck @Kev The Rat.Sincerely.

And as always, never invest more than you can afford to lose.

 

[degsy]

It's not a guarantee at all that it will always recover lost value.

There's absolutely zero logic backing up the idea that it's a guaranteed long term profit when it's value is currently massively inflated because of artificial speculation value.

Remember, past performance is not a guaranteed indicator of future performance.

This
caveat emptor

 

[Ducans elbow]

http://glbn.ca/wWNDmz

No thanks

 

[Tennessee Blue Mike]

Musical chairs comes to mind in this investment. It is a store of value that has had crazy speculation. Jaime Diamon aptly put it copying P.T. Barnum a sucker is born every minute. Maybe he is wrong but it seems way to frothy to believe this will last and may make the Bernie Madoff situation look like peanuts. Good luck to those sticking a toe in the water though. But not me.

 

[Kev The Rat]

11k gbp hit as predicted

 

[Philw]

It'll have to exist as unfortunately if you want to buy a cup of coffee or eggs you're paying about 10 pound per transaction. Nobody would use it everyday if it stays like that.

Luckily for Kev the £10 worth of Bitcoins he is using will have only cost him 35p originally if the value keeps climbing as he is predicting....

Tbh I'd be half tempted to jump on and make a quick buck if I could buy in cheap enough!!

 

[Kev The Rat]

Luckily for Kev the £10 worth of Bitcoins he is using will have only cost him 35p originally if the value keeps climbing as he is predicting....

Tbh I'd be half tempted to jump on and make a quick buck if I could buy in cheap enough!!

Remember bitcoin is divisible by 8 - you don’t need to buy a full bitcoin to get on board this train!

 

[larrygobfiend]

Tbh I didn’t expect this rate of growth this quickly.

So the answer is actually no as I believe it to be an adoption curve at this point.

I’m now looking to 40k as an exit point but I see very few alarm bells in terms of immediate crash signs.

Really? This is when things go tits for people. Greed. Stick to your original plan of £20,000 and get out of the game.

 

[Bruce Wayne]

 

[Kev The Rat]

Really? This is when things go tits for people. Greed. Stick to your original plan of £20,000 and get out of the game.

Thanks but I see a stronger market now than before. I’ll update here every 1k milestone.

Bitcoin is becoming or probably already has become too big to fail.