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Old 05-02-2018, 19:07   #31
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Re: Bitcoin

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Originally Posted by SnoopZ View Post
Not really a problem you can still buy using a debit card or like i do use a sepa transfer.

Who buys with a credit card anyway? lol
You'd be surprised. Why ban it if no-one were using it?
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Old 05-02-2018, 19:21   #32
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Re: Bitcoin

There was some article a few months back saying a third of new investors to Bitcoin were using credit cards. As to if that was just with Coinbase or a particular country, I cannot remember.

Using credit cards for money or money related stuff usually has extra charges too, so not the best way of doing it.

Some people remortgaged their home to get some equity to put in to Bitcoin. Goes way beyond the general rule of only investing what you can afford to lose.

This current dip is harsh but those in to crypto's early in 2017 or earlier are still a huge percent ahead than they were. Just lost some of those gains in the last month.
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Old 05-02-2018, 20:52   #33
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Re: Bitcoin

Trying to guess when the dips are going to be is hard, i got it wrong and lost out, but i expect it to go up and i will be making a profit in 6 months time.

Just need to consider buying more while the prices are low, especially on the cheap ones like Ripple which cost 0.72 euros today.
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Old 05-02-2018, 21:05   #34
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Re: Bitcoin

Buying low doesn't always work without considering background and future forecasts. Even then it's a minefield.

The credit card companies banning purchases will affect the price in the future as it depresses speculation buying.
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Old 05-02-2018, 23:35   #35
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Re: Bitcoin

Remember dips are only dips if they later recover.
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Old 05-02-2018, 23:43   #36
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Re: Bitcoin

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Remember dips are only dips if they later recover.

Absolutely.
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Old 06-02-2018, 01:36   #37
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Re: Bitcoin

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Remember dips are only dips if they later recover.
If
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Old 06-02-2018, 14:13   #38
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Re: Bitcoin

Just said it because there is a lot of 'buy the dip!' around at the moment but people were saying that when it was at £10k......
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Old 06-02-2018, 17:01   #39
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Re: Bitcoin

i thought buy the dip was when you got a bag of doritos.
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Old 26-02-2021, 21:18   #40
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Re: Bitcoin

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Originally Posted by Paul View Post
Yes, and dont waste your time (and money).
I was just looking to see if there were any mining posts and come across this post from a long time ago and had to say how wrong this turned out to be

I had a bash when it first all started and had the same opinion as Paul did here . My goodness I am kicking myself now

$47K per coin . At the start you could buy them for a quid
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Old 26-02-2021, 22:42   #41
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Re: Bitcoin

There is a big difference between mining them when bitcoin first started, and now (or even 2017, when that was posted) - the chances of actually mining one are small, and the costs high.
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Old 26-02-2021, 23:48   #42
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Re: Bitcoin

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Originally Posted by Paul View Post
There is a big difference between mining them when bitcoin first started, and now (or even 2017, when that was posted) - the chances of actually mining one are small, and the costs high.
now it is impossible to mine Bitcoin it is pretty much all done by investment. Mining and holding has made a fair few people very rich so for them it certainly was not a waste of time or money and with ETH now it looks like it could be very profitable. People mining now could very well be rich in a few years
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Old 07-05-2021, 19:17   #43
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Re: Bitcoin

I've just purchased over 6million Safemoons which is a new altcoin that the market are talking about, so thought i would take the risk and get in early as it only cost me $60, so if/when it goes pair shaped and i lose it all it won't matter, but if it eventually goes the way of Dogecoin then it'll be fun!

Anyone else done anything like this for very little cost?
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Old 08-05-2021, 14:57   #44
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Re: Bitcoin

I had €501 in an account i had never purchased any coins with so took the risk an hour ago and bought 851 Dogecoins, it's already made a €6 profit, i like this game.

Disclaimer... only invest what you can afford to lose and i always expect to lose it.
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Old 08-05-2021, 15:04   #45
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Re: Bitcoin

Quote:
Originally Posted by SnoopZ View Post
I had €501 in an account i had never purchased any coins with so took the risk an hour ago and bought 851 Dogecoins, it's already made a €6 profit, i like this game.

Disclaimer... only invest what you can afford to lose and i always expect to lose it.
Millionaire in a year
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