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Old 20-10-2017, 09:41 PM   #1
toastie
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Default Bitcoin !!

hello . so it looks interesting but im way out of my depth

Like to learn so here we go ..

Anyone got any ?

Where and how is it safe to buy some ?

Whats the web wallet all about ? whats a safe one ?

Am i going to get F**ked over ?


So to kick off if i wanted to get £1000 worth what should i be doing ?

any info very welcome , i know very little about it tbo .

Cheers T
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Old 20-10-2017, 09:53 PM   #2
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I don't know anything about this but I spoke to a mate about it today and he reckons you need a farm of computers running 24hrs to make money.
I stopped listening after he said that as my laptop alone pisses me off.
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Old 23-10-2017, 09:18 AM   #3
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I don't know anything about this but I spoke to a mate about it today and he reckons you need a farm of computers running 24hrs to make money.
This^

I'm led to believe that the computing power required makes it very difficult to actually 'make money'.
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Old 23-10-2017, 04:53 PM   #4
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hi chaps , i dont really understand it , it does seem like theres loads of brokers and i guess there all out to make money but i was looking at it the same way you would shares , it just seems to be going up so having some would have to be a good thing you would think . seems theres more to it

ta for reply's d
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Old 23-10-2017, 05:36 PM   #5
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I think its more of an untraceable unregulated money moving machine, I think making money via investing is way down the list, but you could make money in the beginning as there were a set number of bitcoin, so the only way to get them was to buy from someone who has them, I don't think you get interest as such just an increase in value due to demand or inflation, however, I always wondered what happens if mr bitcoin decides to stop operating, a friend has a good sum of money invested but has done from the early days, hes happy with the money he makes
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Old 23-10-2017, 06:23 PM   #6
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The OP didn't say he was looking to mine bitcoins, I took it that he's thinking about buying some and waiting to see if they go up in value.

Every time I think about doing similar, I manage to convince myself that ship has sailed! Who knows, it's a gamble I guess.

As for virtual wallets to hold your virtual currency, your options seem to be a) an online wallet - you need to research who you choose for this in terms of reputation in case they do a runner with your money, and any fees they charge. b) You can install a wallet on your computer/phone and manage it yourself. You need to keep a backup of it somewhere safe in case the computer/device dies. Also, some malware looks for bitcoin wallets (I believe) in order to steal your bitcoins.

Happy to stand corrected on any of this - I've researched it but haven't taken the plunge into bitcoin ownership myself.
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Old 24-10-2017, 07:12 PM   #7
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thanks chaps , does sound a bit scary dosnt it .
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Old 25-10-2017, 08:41 AM   #8
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Have a read of this very interesting!
http://www.bbc.com/future/story/2016...e-bitcoin-mine
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Old 25-10-2017, 08:55 PM   #9
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Have a read of this very interesting!
http://www.bbc.com/future/story/2016...e-bitcoin-mine
The interesting thing is that the value was $450 then (2016) and it is now $5500 (2017)

https://www.google.com/search?q=1+BT...A4f38AePqb-YDA
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Old 25-10-2017, 09:27 PM   #10
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If something looks too good to be true...


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