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Bitcoin FAQs

Back in 2014 I started hearing about Bitcoin and being inquisitive I researched it and found out how to buy some, which I did. I then promptly ignored them and carried on with my fumbling attempts to make money out of other things.

In fact, I couldn’t remember what my details were and how to access them.

Whilst clearing out some old paper work recently I stumbled across where I had written down my account details, so I logged into Blockchain and my bitcoins where still there and what was more pleasing I was sat on a 10 bagger.

Now at this point you are probably thinking “Smug Bastard” but no I was kicking myself.

At the time, I purchased I had thought “What am I going to do with them and they will probably go belly up as a scam and I only bought 0.1 bitcoins. Yes, I risked a massive £21 which is now worth £210 as I type.

So, I am now sitting thinking why didn’t you buy 1 or 5 or 10 for God’s sake it would not have broken you at the time.

So Doh! This making money game is easy when looking through a rear-view mirror.

I will hang on to my small stake and maybe it will 10 bagger again and I still don’t know what to do with them, but things are changing.
M

Australian Banks Reportedly Freeze Accounts Of Bitcoin Users


by Tyler Durden

Sat, 12/30/2017 - 20:30


Adding to the pressures on bitcoin early this morning, the Sydney Morning Herald reported that bitcoin users across Australia are reporting that their accounts have been abruptly frozen by the country’s “Big Four” banks. And while the banks have remained largely tight-lipped about the closures, many angry account-holders are jumping to conclusions and blaming the banks for punishing them because of their involvement with bitcoin.



More: https://www.zerohedge.com/news/2017-12-30/australian-banks-reportedly-freeze-accounts-bitcoin-users


http://www.smh.com.au/business/bitcoin-tensions-rise-as-investors-claim-banks-freezing-their-accounts-20171229-p4yy3z.html

How can you run up an electricity bill like this for something that doesent exist?


https://btcmanager.com/three-american-states-cheapest-mining-bitcoin/

https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/


Is this for real?

try tech financials tech & cedex to trade bit coin, tech to receive dividends, note
alaskan gold, the shovels made the secure money. BB

http://www.bbc.co.uk/news/technology-42872610

In 2014 Revenue & Customs published guidelines making clear the different taxes that apply to any earnings from crypto-currencies.

For most people who have bought a few bitcoins some years ago, it is Capital Gains Tax that will be relevant.

This will apply to any profits, once you hit the £11,300 CGT threshold, not just if they are converted into a standard currency but if they are used to buy other crypto-currencies such as Ethereum or to invest in initial coin offerings (ICOs).

But in recent weeks there is some evidence that a few people are making trading in crypto-currencies a full-time job, in which case they are likely to be liable for income tax on their earnings.

S.Korea says uncovered about $600 mln in cryptocurrency crimes

Bitcoin just hit 8000 and is on a horrible downtrend.

Has the craze peaked? Is everyone rushing for the door to cash in while they can?

Did Martini call the top?

Will the gamblers return to the stock-market as a less risky option?


All this and more to be revealed in the next year... Keep watching

I think that interest waned when the regulators started to take an interest. Also, didn't one of the big on-line companies (Amazon??) refuse to recognise transactions in Bitcoin?

CALLING THE BITCOIN BUBBLE BURST (12:33 GMT) - (Julien Ponthus)

With Bitcoin just crashing below 8,000 dollars, it's probably not a surprise that a number of analysts feel it's now safe to make a call. "The continuing drop in cryptocurrency prices can probably now be classified as a bursting of that particular bubble," said Paul Donovan, chief economist at UBS Wealth Management about five hours ago.

Consensus goes that the crash won't have any macro or systemic impact but then again it could very well add to the gloominess building up on equity markets. As Donovan noted, an otherwise confident American consumer could feel somewhat less upbeat this morning ahead of the U.S. payroll data. "There is no reason for the U.S. consumer to be concerned at the moment about the state of things, unless of course that consumer has been so foolish as to gamble on Bitcoin," Donovan said.

Virtual currencies may stay even if bubble is already deflating: ECB

Went to seminar out of interest.
Wont risk a penny which ever way it goes.

Expecting sometime soon.

Amazoncoin
Easycoin
Virgincoin
TITcoin (Trotters Independent Traders)

Boom