[Finance] The cryptocurrency (Bitcoin etc) thread

[Weststander]

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

60 nations are queuing up to.

 

[Tom Hark Preston Park]

60 nations are queuing up to.

... appease the orange ****

 

[Marshy]

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.

I dont own any bitcoin, never have, its the pet rock of crypto.... it does not do anything.

My 'other' crypto's are doing very nicely thanks ( One's with real utility ) And also would not consider myself a gambler at all.

For me its the most obvious play out there with a little research and avoiding the meme nonsense
I have busted my ass for 4 years saving a couple of hundred quid or so each month and putting it in Crypto.

Time in the market is what its all about.

Still up over 300% on my investment. And we have not started yet in this run.

If i have to wait another few years i will because all finance\ movement of anything of value will run on blockchain and use crypto. Simple really.

The chance to front run Big Banks and Financial Institutions does happen every day.

And when the Banks and large FI's move in the opportunity of big gains will be gone.

Much Love Marshy

 

[tstanbur]

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

@chickens will be raging at that!

 

[Knocky's Nose]

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

He doesn't understand it. The guy is 94 years old and likes what he knows. You can't blame him for that.

Personally I think Bitcoin is a Ponzi Scheme and will at some point collapse. If Tether goes, BTC will follow it down the toilet.

 

[tstanbur]

He doesn't understand it. The guy is 94 years old and likes what he knows.

Probably quite an accurate description of some of the posters on this thread

 

[tstanbur]

He doesn't understand it. The guy is 94 years old and likes what he knows. You can't blame him for that.

Personally I think Bitcoin is a Ponzi Scheme and will at some point collapse. If Tether goes, BTC will follow it down the toilet.

If Tether goes everything goes.

It won’t go.

 

[Knocky's Nose]

I dont own any bitcoin, never have, its the pet rock of crypto.... it does not do anything. - Correct. It's a psyop to distract the great unwashed from Precious Metals and Utility Crypto.

My 'other' crypto's are doing very nicely thanks ( One's with real utility ) And also would not consider myself a gambler at all. -

For me its the most obvious play out there with a little research and avoiding the meme nonsense
I have busted my ass for 4 years saving a couple of hundred quid or so each month and putting it in Crypto. - Anyone with an internet connection, an enquiring mind and a modicum of intelligence can unearth what's coming.

Time in the market is what its all about. - "Time in the market, not timing the market". Over 90% of day traders lose money. You're betting against corporations and exchanges who use sophisticated AI algo's to fleece punters. It's not fair, and it's not illegal.

Still up over 300% on my investment. And we have not started yet in this run. - I'm enough 'up' since last November to retire, and yes - we haven't seen the boom yet. Anyone entering now is coming in at 'the end of the beginning' so to speak. In my opinion, anyway.

If i have to wait another few years i will because all finance\ movement of anything of value will run on blockchain and use crypto. Simple really. - Same. Laws and Regulations need to be passed and enacted. It's all happening now, and thanks to the technology already being available the adoption will be lightning fast. Once one bank or institution starts using it and gains a massive advantage the rest will follow in short order.

The chance to front run Big Banks and Financial Institutions does happen every day. - You meant it doesn't, and you're so right.

And when the Banks and large FI's move in the opportunity of big gains will be gone. - Most utility cryptos simply won't be available on exchanges when we reach full adoption. If they are, they'll run at a massive premium. You'll be able to lend your crypto for all manner of uses and get a return on it.

Much Love Marshy

 

[Knocky's Nose]

If Tether goes everything goes.

It won’t go.

I tend to think that, too - but what a great way to bomb the crypto market and start over.

 

[tstanbur]

I tend to think that, too - but what a great way to bomb the crypto market and start over.

haha no thanks