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Bitcoins (and other crypto currencies)



MonkeyKnifeFight

ClioSport Club Member
  Rusty Cup
Just stumbled across SCS (SpeedCash) less than 500,000 volume. Looks like the Airdrop and recent activity has set a ball rolling. Some simple maths shows this coin could be worth alot.

Worth a squirt or take the free coins being offered in the airdrop.
 

Stay Puft

ClioSport Club Member
  Clio 172
I'm given up and trying to withdraw my remaining £91, and coinbase is s**t. Just tells me to add a add, even though I have two cards assigned to my account. Anyone know what to do? Coinbase have ignored my email.

Failing that, does anyone want £91 worth of whatever currency for £80 or so?
 
  BMW M4; S1000 RR
Just tells me to add a add
?

When I first withdrew from coinbase I had to use revolut to add money in Euros so I could then withdraw in euros. Looks like you can do sterling now but I imagine it's the same deal where you need to add money before it verifies your account.
 

Stay Puft

ClioSport Club Member
  Clio 172
?

When I first withdrew from coinbase I had to use revolut to add money in Euros so I could then withdraw in euros. Looks like you can do sterling now but I imagine it's the same deal where you need to add money before it verifies your account.

Sorry, tells me to add a card. I added money when I initially deposited though??
 
  BMW M4; S1000 RR
Sorry, tells me to add a card. I added money when I initially deposited though??

I originally added money via card too. But you can't withdraw to a card, needs to be to a bank account. And last time I checked the only way to add a bank account is by depositing from a bank account to coinbase
 

R3k1355

Absolute wetter.
ClioSport Club Member
I'm given up and trying to withdraw my remaining £91, and coinbase is s**t. Just tells me to add a add, even though I have two cards assigned to my account. Anyone know what to do? Coinbase have ignored my email.

Failing that, does anyone want £91 worth of whatever currency for £80 or so?

Convert it all to bitcoin and spend it on the dark web or something?
 
  BMW M4; S1000 RR

Well yeah, that's like going to a cash machine in a night club and coming up with a title for your blog that says "Oceana charged me a 50% cash machine fee" (because you had to pay £2.95 to withdraw a fiver)
 

The Psychedelic Socialist

ClioSport Club Member
Fair enough, just proper iffy in my opinion.
It's iffy because large numbers of people are sinking money into it thinking it's like investing in traditional stocks and shares, i.e. that they might make a packet, but worst case they'll lose a little bit of money if the 'share price' drops. Problem is, the price could go to zero and people aren't prepared for that.

Bitcoin's not an investment, it's an asset, albeit a digital one. Think of it like a gift card and each Bitcoin is worth 1. The problem is that we don't know what website the gift card is for, or what 1 bitcoin is actually worth, so everyone speculates wildly and a market evolves.
 
  BMW M4; S1000 RR
Not really any different to stocks (in that you can lose all your money but there's not really anything more volatile than crypto at the moment), but people don't tend to read a Facebook article or car forum post and decide to open a trading account.
 

The Psychedelic Socialist

ClioSport Club Member
Not really any different to stocks (in that you can lose all your money but there's not really anything more volatile than crypto at the moment), but people don't tend to read a Facebook article or car forum post and decide to open a trading account.
The difference is though that it's a lot harder to lose your money with stocks.

If I'm buying a stock, I can look at the company's P&L reports and their balance sheet. If they have significant assets on hand (e.g. if you're buying Apple shares), then you can be confident that there's something supporting a non-zero valuation. With Bitcoin, there's nothing tangible that underpins its value.
 

R3k1355

Absolute wetter.
ClioSport Club Member
It's far worse than that though.
People were putting large amounts of money in without bothering to do any research and ignoring quite obvious warning signs.

There's plenty of stories of dodgy companies doing an ICO and later going bankrupt, they manage to con large amounts of money from people in the process too.
Like this one that took in $32m, another one that will collapse soon is the obvious crap touted by Paris Hilton last year.
 

BoatNonce

ClioSport Club Member
There's plenty of stories of dodgy companies doing an ICO and later going bankrupt, they manage to con large amounts of money from people in the process too.
mary-lou-movie.jpg



Bitcoins were (and still are) legitimate, but they're incredibly high risk. I did come close to investing but I had a gut feeling that I'd missed the boat and it was too late. Turned out I was right and it crashed.

For me the biggest hurdle is getting your money back out of it.
 

R3k1355

Absolute wetter.
ClioSport Club Member
Pfft, that was just a movie.

sec-charges-dj-khaled-floyd-mayweather-backed-ico-with-fraud.png


Two men have been arrested on suspicion of spinning a "web of lies" to sell unregistered crypto investments.
The US Securities and Exchange Commission has alleged that Sohrab "Sam" Sharma and Robert Farkas, who co-founded "financial services startup" Centra Tech, made "ill-gotten" gains of $32m.
The SEC said that the claims the pair made in their advertising were "simply false".

The duo were yesterday charged with orchestrating a fraudulent ICO, in breach of anti-fraud and registration provisions of federal securities laws.
 
  Clio 197
How’s everyone doing? Haply I got into Electrify Asia early
Good gains for Electrify! There's also going to be an airdrop where OMG token holders who will get Electrify tokens in addition to the OMG/Cosmos tokens. Really looking forward the summer due to the recent news from Jun.
 


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