[Finance] The cryptocurrency (Bitcoin etc) thread

[tstanbur]

This @chickens. Me and thee clearly aren't watching enough youtube videos with the required degree of confirmation bias

And right on cue, the original troll appears

 

[Tom Hark Preston Park]

And right on cue, the original troll appears

Always happy to assist the hard of thinking

 

[beorhthelm]

I’m sorry, but we’ve just gone through/are still going through a period of significant market volatility, during which all genuine financial instruments underwent some form of significant price movement. BTC, toy token that it is, just sat there, with nobody giving it any consideration whatsoever. It’s divorced from any kind of financial reality.

as the whole market has gone down, BTC has tracked that "significant price movement", gets its fair bit of attention among other tech. compared to top Nasdaq companies it's movements are broadly same. seems you dont really follow it so assume no one else is.

 

[chickens]

"We" - who are you representing? you and Tom Hark? What a team!

I don't love my "tokens", the vast majority are a load of shit which will lose a lot of money. I have done but I'm still here as can see the bigger picture and have learned my lesson over time in the market.

Bitcoin is very different to the rest of crypto and judging it on a year is not long enough (it is up over the last year anyway).

Do you judge all other investments on a year's performance?

They’re speculations, not investments.

 

[tstanbur]

In a growing market, you would expect transaction volume to continue to increase, the fact that transaction volumes have declined, indicate that interest in BTC as a market instrument has declined, and is clearly of interest to a decreasing number of potential investors. I picked the 1 year chart precisely because it shows the last year. I’m interested in what’s happening now.

How about you do some proper research rather than spreading misinformation, it doesn't take that long:

Bitcoin Price Lost 25% in Q1 2025 but Crypto Volumes Surged 141% Amid Pro-Crypto Policy Shift

Institutional cryptocurrency trading volumes surged 141% year-over-year (YoY) in the first quarter of 2025, according to data released today (Thursday) by Finery Markets , reflecting the market's r...

www.financemagnates.com

 

[Tom Hark Preston Park]

They’re speculations, not investments.

As Warren Buffett once said, cryptocurrencies are 'rat poison squared'

 

[Weststander]

I've not gambled myself. The two sensible posters here who don't use hyperbole in claiming it's the new gold/USD and admit it's a short/medium term punt where you might prosper through timing are imho @beorhthelm and @Knocky's Nose.

Never listen to youtube gurus claiming all kinds of stuff. They have a vested interest one way or another.

 

[tstanbur]

They’re speculations, not investments.

If you are happy to hold Bitcoin for at least five years then all the evidence is there that it is a solid investment.

I agree that pretty much all other (shit) coins are speculative.

 

[tstanbur]

I've not gambled myself. The two sensible posters here who don't use hyperbole in claiming it's the new gold/USD and admit it's a short/medium term punt where you might prosper through timing are imho @beorhthelm and @Knocky's Nose.

Never listen to youtube gurus claiming all kinds of stuff. They have a vested interest one way or another.

care to show my "Hyperbole" with those claims?

I wouldn't say that suggesting Bitcoin is good investment over 5 years is hyperbole.

Have you even looked the chart?

Btw one of the posters you've mentioned has been shilling a load of "speculative" shitcoins on this thread, not that you'd realise as by your own admission you have no knowledge of the subject.

 

[Weststander]

care to show my "Hyperbole" with those claims?

I wouldn't say that suggesting Bitcoin is good investment over 5 years is hyperbole.

Have you even looked the chart?

Btw one of the posters you've mentioned has been shilling a load of "speculative" shitcoins on this thread, not that you'd realise as by your own admission you have no knowledge of the subject.

Yes, I look often at the Bitcoin and other graphs, and don't wish ill on any nsc gambler.

You guys may only be posting about Bitcoin this week, but there's been a plethora of posts in this thread over the years championing other crypto and at this moment most/all have steadily crashed.

Fitting in with my view that if lucky this can be a nice earner if in and out quickly, buying in a trough. BUT which product to pick?!

Sorry if this offends anyone here, I've not time for the people here or elsewhere who pontificate that it's the new USD. The future. There's no evidence of that, it's unstable as ****. Clever large investors (all commodities etc) in the US ..... some hold about 3% in crypto, for the sole reason in case it one day takes off, they have a foot in the door. They admit based on nothing objective.

I like the way @beorhthelm and @Knocky's Nose brazenly admit they're just in for a killing if it comes good.

 

[tstanbur]

Yes, I look often at the Bitcoin and other graphs, and don't wish ill on any nsc gambler.

You guys may only be posting about Bitcoin this week, but there's been a plethora of posts in this thread over the years championing other crypto and at this moment most/all have steadily crashed.

Fitting in with my view that if lucky this can be a nice earner if in and out quickly, buying in a trough. BUT which product to pick?!

Sorry if this offends anyone here, I've not time for the people here or elsewhere who pontificate that it's the new USD. The future. There's no evidence of that, it's unstable as ****. Clever large investors (all commodities etc) in the US ..... some hold about 3% in crypto, for the sole reason in case it one days off, they have a foot in the door. They admit based on nothing objective.

I like the way @beorhthelm and @Knocky's Nose brazenly admit they're just in for a killing if it comes good.

I haven't posted about anything other than Bitcoin but if you can find a post of mine that says otherwise then happy to eat humble pie.

As I said, one of the posters you "admire" has been doing that, naming actual tokens that would have seen 50% plus loss since.

Isn't everyone who invests/speculates trying to make a killing?

 

[chickens]

I haven't posted about anything other than Bitcoin but if you can find a post of mine that says otherwise then happy to eat humble pie.

As I said, one of the posters you "admire" has been doing that, naming actual tokens that would have seen 50% plus loss since.

Isn't everyone who invests/speculates trying to make a killing?

Really? Here’s you posting about all of crypto, not just bitcoin.

Bitcoin transaction volumes were down exactly as my graph showed.

How about you do some proper research rather than spreading misinformation, it doesn't take that long:

Bitcoin Price Lost 25% in Q1 2025 but Crypto Volumes Surged 141% Amid Pro-Crypto Policy Shift

Institutional cryptocurrency trading volumes surged 141% year-over-year (YoY) in the first quarter of 2025, according to data released today (Thursday) by Finery Markets , reflecting the market's r...

www.financemagnates.com

Interesting that the surge the article talks about was all down to stable coins linked to the dollar. What happened to the dollar recently?

View attachment 199865

If you are happy to hold Bitcoin for at least five years then all the evidence is there that it is a solid investment.

I agree that pretty much all other (shit) coins are speculative.

Here’s Wikipedia on speculation:

Speculation - Wikipedia

en.m.wikipedia.org

You can’t invest in Bitcoin because it doesn’t do anything. It is a speculative asset that is bought with hope of it increasing in value.

If I invest in a company, I am investing in its staff, assets, and products or services. Its outputs in the real economy. I am putting my skin in the game to say I believe that this company is well run and its products/services have value. I can look at their balance sheet and see their assets against their liabilities

I can’t invest in Bitcoin, it has no outputs, it is simply a number on a large but inefficient public ledger. You cannot buy Bitcoin and point to its product, it doesn’t have one. It doesn’t have fundamentals, it creates nothing. Such an “asset” can never be anything but speculative, to claim otherwise is wishful thinking of the highest degree.

 

[tstanbur]

Here’s Wikipedia on speculation:

Speculation - Wikipedia

en.m.wikipedia.org

I can’t invest in Bitcoin, it has no outputs, it is simply a number on a large but inefficient public ledger. You cannot buy Bitcoin and point to its product, it doesn’t have one. It doesn’t have fundamentals, it creates nothing. Such an “asset” can never be anything but speculative, to claim otherwise is wishful thinking of the highest degree.

Also on Wikipedia...

Investment - Wikipedia

en.m.wikipedia.org

 

[tstanbur]

Really? Here’s you posting about all of crypto, not just bitcoin.

Nice try.

I haven't specifically named any other token/coin (or promoted/marketed/placed a full page ad)

 

[beorhthelm]

always fun playing around with semantics

 

[WATFORD zero]

The first few pages of this thread are quite an entertaining read, particularly with 8 years of hindsight. I wonder how much those posters have made

 

[tstanbur]

May be of interest to some. The S&P 500 is more volatile than Bitcoin.

S&P 500 More Volatile Than Bitcoin as U.S. Assets Lose Investor Favor

Investors move away from U.S. assets, causing a rise in Treasury yields and a decline in the dollar index and U.S. stocks.

www.coindesk.com

 

[chickens]

May be of interest to some. The S&P 500 is more volatile than Bitcoin.

S&P 500 More Volatile Than Bitcoin as U.S. Assets Lose Investor Favor

Investors move away from U.S. assets, causing a rise in Treasury yields and a decline in the dollar index and U.S. stocks.

www.coindesk.com

Well duh. It is now the Orange peril has his mitts on it. Who’s investing in America atm?

 

[tstanbur]

Well duh. It is now the Orange peril has his mitts on it. Who’s investing in America atm?

CBA

 

[Weststander]

The first few pages of this thread are quite an entertaining read, particularly with 8 years of hindsight. I wonder how much those posters have made

They all invested in Bitcoin at $300. Do the math, you’re referring to nsc millionaires.