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The world is just nuts... https://www.newyorker.com/news/daily-comment/the-obscene-energy-demands-of-ai

Well if that's the case go for investment diversification in bonds, equities, metals, property, fine art whatever. Crypto is no safe haven...

A year ago we hit a peak of £48k, it was never an investment for widows and orphans. Never more than a ponzi scheme really, it won't be the last...

June was terrible for bitcoin, lost 1/3 of its value. On the plus side, should save some energy and the silly pursuit of GPU's

Its always the JCL's that get burnt, I suspect a lot of poor people across the world we will have lost everything. From an ethical standpoint a terrible investment wastes loads of energy, has driven up the cost of semi-conductors and delivered nothing to society

All the warning signs have been there in recent months, the big sell off in speculative assets has been occurring in the US. Warren Buffet is usually right in the end, value wins

Its all a bit 1999 Assets that sell hot air and optimism have been hammered of late, crypto will be no different. Maybe, its time to take any profits and stuff that makes money. Resources and energy spring to mind

Is Bitcoin a Ponzi scheme? No its far worse than that... https://www.youtube.com/watch?v=jRgYcHV2zd0

The markets generally starting to feel very 1999 when cabbies would be dishing out tech share tips All the talk of Cypto currencies is a sign we're getting near the top of the cycle. We've been here before fellas, don't risk more than you can lose

Bitcoin is starting to create issues in the WW supply chain of semi-conductors. https://www.fxempire.com/forecasts/article/bitcoin-mining-adds-to-existing-shortage-in-semiconductor-market-chip-prices-surge-712458 This craze adds nothing to the world we live in, the sooner its over the better

Didn't realise but it seems like bitcoin is an incredibly dirty business. https://www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost Not one for the ESG investor

Wise words, big drop today. I think its OK playing as long as you are prepared for maximum downside on your stake. I notice there are Bitcoin tracker funds available, this seems attractive even with a fairly high annual charge

There is an asset. A digital store of value that is held as the gold standard for a method of value asset that will be the main function of how we all spend and receive money in the future. In future it may also be the only way to keep and spend money away from the view of govt and mainstream...

Would it be fair to say Bitcoin is really just another Ponzi scheme? Lets face it there are no earnings, assets or profit There is an hope or expectation that funds managers just won't be able to resist the rise and start taking small stakes to wildly increase the value. I've even heard some...

Some of the froth around certain assets right now reminds me of the 2000 tech boom. Tesla is another one 700% in a year and worth more than every automaker on planet earth

Anyone buy when this thread started? It gone up 30 times.

Not surprised an 8 month bull market had to correct, the US has been nuts. FTSE almost back its level 12 months ago Bitcoin reminds me a lot of the dotcom bust. A cabbie at christmas gave me a Bitcoin tip, always a pointer meltdown is getting close

Bitcoin dipped below £5000 today, amazing fall since it hit £15000 in mid December. Another failed ponzi scheme