FabSwingers.com > Forums > Ireland > Bitcoin
Bitcoin
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"You don't actually own the bitcoin with revolut. That might not matter to you though "Tis why i said the value  | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late." Where's the stockbroker when you need him | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late." It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood." Tell that to those who bought at 20k thinking it was going up up up and are still down today. | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today." Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years 
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi. | |||
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"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today. Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi. "Right Dec 31st I'm gonna find this thread and bump it to the top
Bitcoin will not be at 40k | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today. Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi.
Right Dec 31st I'm gonna find this thread and bump it to the top
Bitcoin will not be at 40k"Obviously no one can see the future. But yeah it'd be really interesting to pull up this thread periodically | |||
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"Am I the only one reading this wondering who has a few grand to spare? I must be living on a different planet. " No | |||
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"Bitcoin is great for buying crypto & Stock, but I think after Dec 31st you account may not be valid due to some Brexit rule. I would use Trading 212 instead at this point in the year. Also, Chinese electric vehicles are where I'd put my money right now rather than BTC. Extremly fast growing market, I bought in at $7 during the summer, and price is $45 now. "Lol edit... "Revolut is great for buying crypto and Stock"... | |||
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"Bitcoin is great for buying crypto & Stock, but I think after Dec 31st you account may not be valid due to some Brexit rule. I would use Trading 212 instead at this point in the year. Also, Chinese electric vehicles are where I'd put my money right now rather than BTC. Extremly fast growing market, I bought in at $7 during the summer, and price is $45 now. "where did you buy the electric stock? I have been watching nio. | |||
"Bitcoin is great for buying crypto & Stock, but I think after Dec 31st you account may not be valid due to some Brexit rule. I would use Trading 212 instead at this point in the year. Also, Chinese electric vehicles are where I'd put my money right now rather than BTC. Extremly fast growing market, I bought in at $7 during the summer, and price is $45 now.
where did you buy the electric stock? I have been watching nio. "On revolut. Yeah, I went in with Nio big. Everyone i know is sick of hearing me harp on about it, it's a serious competitor to Tesla. I've made 6 times my money back in a few months. | |||
"Bitcoin is great for buying crypto & Stock, but I think after Dec 31st you account may not be valid due to some Brexit rule. I would use Trading 212 instead at this point in the year. Also, Chinese electric vehicles are where I'd put my money right now rather than BTC. Extremly fast growing market, I bought in at $7 during the summer, and price is $45 now.
where did you buy the electric stock? I have been watching nio.
On revolut. Yeah, I went in with Nio big. Everyone i know is sick of hearing me harp on about it, it's a serious competitor to Tesla. I've made 6 times my money back in a few months. "Thanks. I was watching it on plus500, hard to know if I've missed the boat! | |||
"Bitcoin is great for buying crypto & Stock, but I think after Dec 31st you account may not be valid due to some Brexit rule. I would use Trading 212 instead at this point in the year. Also, Chinese electric vehicles are where I'd put my money right now rather than BTC. Extremly fast growing market, I bought in at $7 during the summer, and price is $45 now.
where did you buy the electric stock? I have been watching nio.
On revolut. Yeah, I went in with Nio big. Everyone i know is sick of hearing me harp on about it, it's a serious competitor to Tesla. I've made 6 times my money back in a few months.
Thanks. I was watching it on plus500, hard to know if I've missed the boat!"Doubt it if you are thinking of holding for a year or more. Electric vehicles are in their infancy, but 100% will take over in a few years. I think it's the same as investing in computers when only the rich could afford them. Within a few years they would be in every home on the planet. | |||
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"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today." They are the risk you need to take have to be in it for the long term not just a quick few quid | |||
"Bitcoin is great for buying crypto & Stock, but I think after Dec 31st you account may not be valid due to some Brexit rule. I would use Trading 212 instead at this point in the year. Also, Chinese electric vehicles are where I'd put my money right now rather than BTC. Extremly fast growing market, I bought in at $7 during the summer, and price is $45 now. "212 have a BTC ETP/ETF now . Ticker BTCE Sitting pretty on a small Nio position too since April's government investment news | |||
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"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today. Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi.
Right Dec 31st I'm gonna find this thread and bump it to the top
Bitcoin will not be at 40k"Interesting to pull this up every now and then. My prediction of 40k at Christmas was close. Bitcoin was briefly $61k at the weekend. I'm predicting 288k some time this year (s2f) | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today. Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi.
Right Dec 31st I'm gonna find this thread and bump it to the top
Bitcoin will not be at 40k
Interesting to pull this up every now and then. My prediction of 40k at Christmas was close. Bitcoin was briefly $61k at the weekend. I'm predicting 288k some time this year (s2f)"Reckoning the cap will peak around the end of this year although if it follows the 2013 cycle, could be in for an interesting ride. | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today. Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi.
Right Dec 31st I'm gonna find this thread and bump it to the top
Bitcoin will not be at 40k
Interesting to pull this up every now and then. My prediction of 40k at Christmas was close. Bitcoin was briefly $61k at the weekend. I'm predicting 288k some time this year (s2f)
Reckoning the cap will peak around the end of this year although if it follows the 2013 cycle, could be in for an interesting ride. "What do people use to decide when to sell their bit coin. Surprised no one has mentioned coinbase | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today. Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi.
Right Dec 31st I'm gonna find this thread and bump it to the top
Bitcoin will not be at 40k
Interesting to pull this up every now and then. My prediction of 40k at Christmas was close. Bitcoin was briefly $61k at the weekend. I'm predicting 288k some time this year (s2f)
Reckoning the cap will peak around the end of this year although if it follows the 2013 cycle, could be in for an interesting ride.
What do people use to decide when to sell their bit coin. Surprised no one has mentioned coinbase
"We got ours through coinbase but we have them on a ledger hodling | |||
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"So how would you go about investing a grand...what do you do....haven't a clue " Coinbase is the place to start.revoluts good but you don't own the coin . | |||
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"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late. It's more volatile than the stock market because the market cap is so low. It's going up though. As for it being too late - that same prediction has been made every bitcoin cycle and it's been wrong every bitcoin cycle. Wait until next year, there are going to be a lot of newly minted millionaires in all likelihood. Tell that to those who bought at 20k thinking it was going up up up and are still down today. Talk to them at the end of the year when it's 40k and their investment has done +100% in 3 years
Seriously though, a cheeky few grand or whatever your not going to miss would be my strategy. And consider it list for a few years. More in btc less in alts and defi.
Right Dec 31st I'm gonna find this thread and bump it to the top
Bitcoin will not be at 40k
Interesting to pull this up every now and then. My prediction of 40k at Christmas was close. Bitcoin was briefly $61k at the weekend. I'm predicting 288k some time this year (s2f)
Reckoning the cap will peak around the end of this year although if it follows the 2013 cycle, could be in for an interesting ride.
What do people use to decide when to sell their bit coin. Surprised no one has mentioned coinbase
We got ours through coinbase but we have them on a ledger hodling"Is bitcoin not up to like 56k last I looked and cardano is set for a big jump I got in at 40c it's now up to 1.23 and should be up to 3 quid by end of month I'd say. Have money in bitcoin aswell but I have a sell order on that so hopefully it hits 70k | |||
"Bitcoin is great for buying crypto & Stock, but I think after Dec 31st you account may not be valid due to some Brexit rule. I would use Trading 212 instead at this point in the year. Also, Chinese electric vehicles are where I'd put my money right now rather than BTC. Extremly fast growing market, I bought in at $7 during the summer, and price is $45 now.
where did you buy the electric stock? I have been watching nio.
On revolut. Yeah, I went in with Nio big. Everyone i know is sick of hearing me harp on about it, it's a serious competitor to Tesla. I've made 6 times my money back in a few months. "Must look into that I use binance not sure what the electric stock would be named as in there but wouldn't mind finding out as would take a punt on it leave some cash in and set up a sell order. | |||
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"I've a referral code for crypto. Com where u get free $25" what's crypto like to use I have only ever used binance app for mine | |||
"Quite an interesting read here, I didn’t expect to find so many people interested in investing and the crypto space in particular. My own two cents is that I think BTC will take a small dip and consolidate before going for ATH but if you’re planning on holding for the long term you’re better off just buying it and HODLing. As for other crypto currencies I am interested in that look like they could be good next year are VET, ETN and XRP. " Last night I put 250 into VET let's hope it takes off I'll leave it and let it sit for a year see how it goes. | |||
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"Quite an interesting read here, I didn’t expect to find so many people interested in investing and the crypto space in particular. My own two cents is that I think BTC will take a small dip and consolidate before going for ATH but if you’re planning on holding for the long term you’re better off just buying it and HODLing. As for other crypto currencies I am interested in that look like they could be good next year are VET, ETN and XRP. Last night I put 250 into VET let's hope it takes off I'll leave it and let it sit for a year see how it goes." IMO that’s a really bad idea , spend 250 on sine nice whisky or wine instead | |||
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"Quite an interesting read here, I didn’t expect to find so many people interested in investing and the crypto space in particular. My own two cents is that I think BTC will take a small dip and consolidate before going for ATH but if you’re planning on holding for the long term you’re better off just buying it and HODLing. As for other crypto currencies I am interested in that look like they could be good next year are VET, ETN and XRP. Last night I put 250 into VET let's hope it takes off I'll leave it and let it sit for a year see how it goes. IMO that’s a really bad idea , spend 250 on sine nice whisky or wine instead " Kinky like the lottery tho if your not in you cant win haha I have cash in ada/cardano and a few others alone with vet. Some times when I do cash jobs I take small bit from that and invest | |||
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"Just bumping this quietly" | |||
"Bitcoin was worth 20k in 2017, 4k in March this year, and is worth nearly 15k now. Up and down like a fabbers knickers. Its now at he highest it's been in ages. When the man on the internet sex site starts talking about it... then it's probably too late." | |||
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"May not have been bitcoin but i do have a success story. Bought a crypto in ICO trying to reestablish itself after some koreans got there hands on it. Hopped on at 3.00 euro peer token with 107 in total. Individual token value currently at 115.14 so looks like college is paid for " Sweet, I'm well into 6 figures even after the dip - thinking it's about to pump now. 100k Bitcoin soon, and all the alts will follow  | |||
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"My 16 year old nephew has been crypto trading for the last 2 years and just after Christmas 2020 convinced me to get into it as a hobby. Me and my brother and his son have now bonded over the love for a certain coin and community. I Bought 200euro at 0.01 Hodl "What's it worth now? | |||
"My 16 year old nephew has been crypto trading for the last 2 years and just after Christmas 2020 convinced me to get into it as a hobby. Me and my brother and his son have now bonded over the love for a certain coin and community. I Bought 200euro at 0.01 Hodl
What's it worth now?
"I'm guessing doge, if so it's 0.35 so about 7k from 200 initial | |||
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"My 16 year old nephew has been crypto trading for the last 2 years and just after Christmas 2020 convinced me to get into it as a hobby. Me and my brother and his son have now bonded over the love for a certain coin and community. I Bought 200euro at 0.01 Hodl
What's it worth now?
I'm guessing doge, if so it's 0.35 so about 7k from 200 initial
"It's a nice profit if I sold but the weird thing is that I've bonded with my nephew over this and he made me promise at the beginning not to sell until it hits at least a dollar, today or 2030 lol | |||
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"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome" Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol" Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun" Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol" You know you can automate your buys and sells based on your chosen prices you don”t to sit there pressing F5 hovering over the sell button | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run " Bill run?? Is it not down 50 % this month? | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome" Hex | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Bill run?? Is it not down 50 % this month? " Yes a bull run. Anyone who has followed bitcoin since it started would understand the cycles and corrections. The last four year cycle was the same with the 30 odd percent corrections before it flew up and hit all time high over 20000. Which is why i said to the lad above to research and understand how different cryptocurrencies work as it is different to forex | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Bill run?? Is it not down 50 % this month? Yes a bull run. Anyone who has followed bitcoin since it started would understand the cycles and corrections. The last four year cycle was the same with the 30 odd percent corrections before it flew up and hit all time high over 20000. Which is why i said to the lad above to research and understand how different cryptocurrencies work as it is different to forex" Anyone who owns stock, bonds, currencies or ETFs should know what a bull run is. Bitcoin is not on a bull run. | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Bill run?? Is it not down 50 % this month? Yes a bull run. Anyone who has followed bitcoin since it started would understand the cycles and corrections. The last four year cycle was the same with the 30 odd percent corrections before it flew up and hit all time high over 20000. Which is why i said to the lad above to research and understand how different cryptocurrencies work as it is different to forex Anyone who owns stock, bonds, currencies or ETFs should know what a bull run is. Bitcoin is not on a bull run. " Corrections are always inevitable on any cycle. It has been the same the whole way through. As i said the same corrections happened numerous times previously in or about the average percentage drops. Either way im hodling and im up money. Everyone has differing views when it comes to bitcoin. Either hate it or love it. | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Bill run?? Is it not down 50 % this month? Yes a bull run. Anyone who has followed bitcoin since it started would understand the cycles and corrections. The last four year cycle was the same with the 30 odd percent corrections before it flew up and hit all time high over 20000. Which is why i said to the lad above to research and understand how different cryptocurrencies work as it is different to forex Anyone who owns stock, bonds, currencies or ETFs should know what a bull run is. Bitcoin is not on a bull run. Corrections are always inevitable on any cycle. It has been the same the whole way through. As i said the same corrections happened numerous times previously in or about the average percentage drops. Either way im hodling and im up money. Everyone has differing views when it comes to bitcoin. Either hate it or love it. " A correction is 10% or more. A bear market is 20% or more of a decline. Bitcoin is in a bear market. These are facts not opinions. You are wrong to think it's a bull market. | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Bill run?? Is it not down 50 % this month? Yes a bull run. Anyone who has followed bitcoin since it started would understand the cycles and corrections. The last four year cycle was the same with the 30 odd percent corrections before it flew up and hit all time high over 20000. Which is why i said to the lad above to research and understand how different cryptocurrencies work as it is different to forex Anyone who owns stock, bonds, currencies or ETFs should know what a bull run is. Bitcoin is not on a bull run. Corrections are always inevitable on any cycle. It has been the same the whole way through. As i said the same corrections happened numerous times previously in or about the average percentage drops. Either way im hodling and im up money. Everyone has differing views when it comes to bitcoin. Either hate it or love it. A correction is 10% or more. A bear market is 20% or more of a decline. Bitcoin is in a bear market. These are facts not opinions. You are wrong to think it's a bull market. " Well agree to disagree. If you went back over all bitcoin charts over the last few years and seen the percentage corrections you will plainly see the corrections have been well over 10%. Im not going to argue with regard to what run its on. I have my opinion with regard to it. You have yours. | |||
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"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Bill run?? Is it not down 50 % this month? Yes a bull run. Anyone who has followed bitcoin since it started would understand the cycles and corrections. The last four year cycle was the same with the 30 odd percent corrections before it flew up and hit all time high over 20000. Which is why i said to the lad above to research and understand how different cryptocurrencies work as it is different to forex Anyone who owns stock, bonds, currencies or ETFs should know what a bull run is. Bitcoin is not on a bull run. Corrections are always inevitable on any cycle. It has been the same the whole way through. As i said the same corrections happened numerous times previously in or about the average percentage drops. Either way im hodling and im up money. Everyone has differing views when it comes to bitcoin. Either hate it or love it. A correction is 10% or more. A bear market is 20% or more of a decline. Bitcoin is in a bear market. These are facts not opinions. You are wrong to think it's a bull market. Well agree to disagree. If you went back over all bitcoin charts over the last few years and seen the percentage corrections you will plainly see the corrections have been well over 10%. Im not going to argue with regard to what run its on. I have my opinion with regard to it. You have yours. " These are not opinions. These are facts. You need to look up these terms if your going to be quoting them. A bull market is when the price of a commodity is increasing by a large % of a short period of time. Is the price of bitcoin increasing by a large percentage over a short period of time. No. So its not on a bull run. | |||
"The problem with the term "correction" as I understand is that its suggesting that something is undervalued or overvalued. Bitcoin literally has zero value in itself and is just valued at what someone is willing to pay for it. Its not like a share where a company is doing better or worse than expected and therefore needs correcting. There is no underlying value. That mean its not a correction. It could just be a downwards trend. Past performance is not any kind of guarantee of future performance." Past performance is not any guarantee of future performance with anystock or currency. This is what happened in the crash of 08. The past cannot predict the future of any underlying asset. | |||
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"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run " Thanks for the info. And I'm going to go in deep before I put anything into it! A lot of concepts and things to be understood first. Right where is that crypto for dummies book I had lying around  | |||
"True but if you invest in a share then you have the performance of the company to go on, and the expectations and forecasts going forward. With bitcoin there is no real world basis for the price. There is no underlying real world value to be had in the thing you own. That makes the idea of a correction nonsense. The price is never wrong. There are just trends upwards and downwards, and that has been notoriously difficult to predict." Look up Daniel Kahneman who was awarded the Nobel Memorial Prize in Economic Sciences for his groundbreaking work in applying psychological insights to economic theory, particularly in the areas of judgment and decision-making under uncertainty. The stock market is all relative. The value of anything is what someone is willing to pay for it. And if you worried about bitcoin having no value. Look up Nick leeson. Enron. Bernie Madof or Dolphin trust. Dolphin trsut are in the news this week as Irish investors invested over 100 million in something the has no value. And these assets were sold by financial advisors. | |||
"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Thanks for the info. And I'm going to go in deep before I put anything into it! A lot of concepts and things to be understood first. Right where is that crypto for dummies book I had lying around "Split your risk. Put half in crypto and half in stocks. Reduce risk. Aim for a return. Learn about fees. | |||
"Am I the only one reading this wondering who has a few grand to spare? I must be living on a different planet. " you said it unless you live in a cave eat grass and ride a bike | |||
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"True but if you invest in a share then you have the performance of the company to go on, and the expectations and forecasts going forward. With bitcoin there is no real world basis for the price. There is no underlying real world value to be had in the thing you own. That makes the idea of a correction nonsense. The price is never wrong. There are just trends upwards and downwards, and that has been notoriously difficult to predict. Look up Daniel Kahneman who was awarded the Nobel Memorial Prize in Economic Sciences for his groundbreaking work in applying psychological insights to economic theory, particularly in the areas of judgment and decision-making under uncertainty. The stock market is all relative. The value of anything is what someone is willing to pay for it. And if you worried about bitcoin having no value. Look up Nick leeson. Enron. Bernie Madof or Dolphin trust. Dolphin trsut are in the news this week as Irish investors invested over 100 million in something the has no value. And these assets were sold by financial advisors. " Dolphin Trust is a failed property business. It was a business that was based on real life properties that's it owned. When it got into trouble it began using investor funds to pay the interest owed to other investors and then became like a ponzi scheme. This isn't anything remotely like bitcoin as this was a real life business which used investor greed to keep an insolvent business afloat. This business had a (shitty) business plan and (shitty) management, but a great investment sales team. The owners/shareholders at Dolphin would have seen their shared rise and fall with the success and failure of the business. Not so with Bitcoin as there is no value behind it. That coin it a string of text characters with no more intrinsic value than the characters that make up this post. This will end in tears. | |||
"True but if you invest in a share then you have the performance of the company to go on, and the expectations and forecasts going forward. With bitcoin there is no real world basis for the price. There is no underlying real world value to be had in the thing you own. That makes the idea of a correction nonsense. The price is never wrong. There are just trends upwards and downwards, and that has been notoriously difficult to predict. Look up Daniel Kahneman who was awarded the Nobel Memorial Prize in Economic Sciences for his groundbreaking work in applying psychological insights to economic theory, particularly in the areas of judgment and decision-making under uncertainty. The stock market is all relative. The value of anything is what someone is willing to pay for it. And if you worried about bitcoin having no value. Look up Nick leeson. Enron. Bernie Madof or Dolphin trust. Dolphin trsut are in the news this week as Irish investors invested over 100 million in something the has no value. And these assets were sold by financial advisors. Dolphin Trust is a failed property business. It was a business that was based on real life properties that's it owned. When it got into trouble it began using investor funds to pay the interest owed to other investors and then became like a ponzi scheme. This isn't anything remotely like bitcoin as this was a real life business which used investor greed to keep an insolvent business afloat. This business had a (shitty) business plan and (shitty) management, but a great investment sales team. The owners/shareholders at Dolphin would have seen their shared rise and fall with the success and failure of the business. Not so with Bitcoin as there is no value behind it. That coin it a string of text characters with no more intrinsic value than the characters that make up this post. This will end in tears." Value is all relative. Just because you say something has no value. Doesn't mean its true. If I sell a call for a million euro to someone. That's the value of the car. Value is what someone is willing to pay for something. Graphes, numbers and past performance can not account for human emotion. | |||
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"Supp yall crypto folk! Having recently listened to a v good podcast about the potential of cryto currency and having a significant portion of funds put by Would anyone here think it a good punt to but say 1000 euro into any of the current coins/platforms Again if it was to flop its not the end of the world but I have money sitting in a bank doing nowt. The possibility of any type of ROI is intriguing Any thoughts on the potential positives and negatives are all welcome Think of ot as a hobby rather than investments. I used to spend all my free time on the fab forums now I spend most of it watching the value of coins rise and fall by the hour lol Yeah I'm looking at it as something that could be good to try without thinking I'm going to be the next Gordon Gekko! Any good sites or platforms you go off for keeping an eye on things? Could be fun Bitstamp or coinbase for cryptocurrency. I would suggest doing a bit of research before you just put money into anything. Take a bit of time to understand how the market works. Bitcoin still has some way to go yet before it reaches its top of this bull run Bill run?? Is it not down 50 % this month? Yes a bull run. Anyone who has followed bitcoin since it started would understand the cycles and corrections. The last four year cycle was the same with the 30 odd percent corrections before it flew up and hit all time high over 20000. Which is why i said to the lad above to research and understand how different cryptocurrencies work as it is different to forex" You have no idea what you are taking about , calling 30% loss is value in a single month a bull run is the most stupid thing I’ve heard in this site for a while | |||
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"With bitcoin there is no car. There is no physical asset whatsoever. Risky" Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. | |||
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"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. " Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value. | |||
"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value." What does having a massive pile of cash how to do with anything?? | |||
"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value." A very large part of Apple stock price is speculation - it's priced way higher than realistic future profits or dividends, you're essentially betting on price in the future being even higher. But really, it doesn't matter if you're into crypto or not - I'm strongly suspecting not plenty of people are making massive amounts of money right now. Bitcoin will crash again, it will moon again, but over a long timeline crypto is disrupting traditional finance - you can either get in or don't. But as can be seen from historical data, crypto market value in the medium and long term is always up.
And in case you don't realize, the value of Bitcoin is the value of the technology to create real decentralized money. | |||
"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value. What does having a massive pile of cash how to do with anything?? " It gives stability. They aren't going anywhere soon. They can grow through making acquisitions. They can pay dividends. They can invest in real assets like chip fabrication plants. They can do r&d. All these things are owned by shareholders and give real value. Yes we can argue the toss about I'd a company is overvalued or undervalued.. BUT crucially. There is real life value. Youre buying part of all that when you buy a share. | |||
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"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value. What does having a massive pile of cash how to do with anything?? It gives stability. They aren't going anywhere soon. They can grow through making acquisitions. They can pay dividends. They can invest in real assets like chip fabrication plants. They can do r&d. All these things are owned by shareholders and give real value. Yes we can argue the toss about I'd a company is overvalued or undervalued.. BUT crucially. There is real life value. Youre buying part of all that when you buy a share." Companies go bust all the time. If the concern is that a particular crypto may disappear, then don't invest in just one. If the concern is that it will all disappear, then don't invest at all. And definitely don't invest what you can't lose, or invest with leverage, but then again that goes for stocks too. | |||
"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value. What does having a massive pile of cash how to do with anything?? It gives stability. They aren't going anywhere soon. They can grow through making acquisitions. They can pay dividends. They can invest in real assets like chip fabrication plants. They can do r&d. All these things are owned by shareholders and give real value. Yes we can argue the toss about I'd a company is overvalued or undervalued.. BUT crucially. There is real life value. Youre buying part of all that when you buy a share." And what about all the debt apple has? Is it still over 100 billion?? Do the shareholders own that?? Also just because it has all of what you named doesn't mean it's any less likely to fall to zero. Did Anglo Irish not have all these before they went bust? Did Enron not have the same? Did Debenhams not have the same. Also excess cash does not give stability, it increases the cost of raising capital. Also would they not be best servrd paying off their debt with all that cash? | |||
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"This thread is funny, you either get it or you don’t. " So true. I made about 25k from a 900 investment in ghost face over the weekend so I'm feeling alright | |||
"This thread is funny, you either get it or you don’t. So true. I made about 25k from a 900 investment in ghost face over the weekend so I'm feeling alright "What the hell is a ghost face. The world currency of the future I'm sure lol. I have a lot of respect for making a quick buck don't get me wrong, but thats all these are. | |||
"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value." The dollar or the euro has less intrinsic value. They are slowly going to zero. Bitcoin is digital gold, the best performing asset in the last 10 years. | |||
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"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value." I would be inclined to agree with you. From all I can see all those “coins” are nothing but fried air in a fancy wrapper. Blah blah blah blockchain blah blah blah, it has no national bank backer, it’s completely unregulated and as far as I can see it hasn’t got legal tender status anywhere. In a way it’s a bit like giving Monopoly money a serial number and me agreeing with you that one of those monopoly banknotes is now worth €5k. | |||
"With bitcoin there is no car. There is no physical asset whatsoever. Risky Doesn't matter what the asset is. I could sell fresh air for 100 euro. If someone pays 100 euro. That's the value of it. All investments are risky. Bitcoin is no different to apple shares or bank shares. There is chance you'll lose all your money and chance you'll gain money. Err.. yeah bircoin is VERY different. Apple has massive real life assets and a massive pile of cash. The share buys a part of that. There is real stuff behind the share. Bitcoin has zero intrinsic value. I would be inclined to agree with you. From all I can see all those “coins” are nothing but fried air in a fancy wrapper. Blah blah blah blockchain blah blah blah, it has no national bank backer, it’s completely unregulated and as far as I can see it hasn’t got legal tender status anywhere. In a way it’s a bit like giving Monopoly money a serial number and me agreeing with you that one of those monopoly banknotes is now worth €5k." These coins are regulated in the US by the Sec and the US treasury. That's literally how money was created. People agreed that pieces of paper and metal coins were worth a set value. Also to your point you do know that euros are only legal tender in the EU and the GBP is only legal tender in the UK? Also by saying blah blah blah it just shows you haven't got a clue what your talking about. | |||
"Like the dollar and the euro are seen as having strengthened over the last few years. What about other smaller currency? Are they all going to crash too? Are we talking about some new worldwide depression with pension funds emptied and wages considered worthless. It's a nonsense. Sooner or later folks will realise the emperor has no clothes. " Yes smaller currencies have crashed before. Its called hyper inflation. Wages are begining to be worthless. Cost of living in Ireland has never been higher and wages have not changed to any real degree in the last 3 decades. Anything else? | |||
"Like the dollar and the euro are seen as having strengthened over the last few years. What about other smaller currency? Are they all going to crash too? Are we talking about some new worldwide depression with pension funds emptied and wages considered worthless. It's a nonsense. Sooner or later folks will realise the emperor has no clothes. Yes smaller currencies have crashed before. Its called hyper inflation. Wages are begining to be worthless. Cost of living in Ireland has never been higher and wages have not changed to any real degree in the last 3 decades. Anything else? " Inflation in Ireland is about 0.86%. Hyperinflation my ass | |||
"Like the dollar and the euro are seen as having strengthened over the last few years. What about other smaller currency? Are they all going to crash too? Are we talking about some new worldwide depression with pension funds emptied and wages considered worthless. It's a nonsense. Sooner or later folks will realise the emperor has no clothes. Yes smaller currencies have crashed before. Its called hyper inflation. Wages are begining to be worthless. Cost of living in Ireland has never been higher and wages have not changed to any real degree in the last 3 decades. Anything else? Inflation in Ireland is about 0.86%. Hyperinflation my ass" I didn't mention inflation in Ireland. I was talking about the cost of living in Ireland. Would you not agree that has increased considerably in the last 2 decades where as wages haven't. Thus so many people are now fighting for a living wage, can't afford to buy a house or have a decent standard of living. Due to wages almost becoming worthless as the cost of living is so high. You asked would smaller currencies crash and I answered yes they have. Due to hyperinflation. In Argentina in the 80s they to had to bring in a new peso (a new currency) for stability. Same happened in Zimbabwe with the dollar. People use to have to carry a rubbish bag full of cash notes just to buy a news paper. You figure of. 86% I'd from 2019. So anything else?? | |||
"Thats bonkers. You are predicting the US dollar and the euro will collapse to zero? Are you serious?" Slowly going to zero, because every year you get less for your euro. Some companies have already started converting their spare cash to bitcoin to protect its value. It’s just a few now, but it will become the norm eventually. Currency is backed by nothing, only faith in the system. And governments are printing money like crazy. So it’s pretty obvious that it’s slowly going to zero. | |||
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"Right now isn’t the time to FOMO! I’ll say by 2030 Bitcoin could hit 1million, climate change will hamper Bitcoin mining ? in the short term! The most underrated crypto on the planet now is XRP it will replace swift ! " Climate change discussion is just a distraction. Do people think that their bank runs on no energy? Or even where all the minerals for electric car batteries come from? Bitcoin mining is only a drop in the ocean. Everything is moving to renewables anyway. | |||
"Like the dollar and the euro are seen as having strengthened over the last few years. What about other smaller currency? Are they all going to crash too? Are we talking about some new worldwide depression with pension funds emptied and wages considered worthless. It's a nonsense. Sooner or later folks will realise the emperor has no clothes. Yes smaller currencies have crashed before. Its called hyper inflation. Wages are begining to be worthless. Cost of living in Ireland has never been higher and wages have not changed to any real degree in the last 3 decades. Anything else? Inflation in Ireland is about 0.86%. Hyperinflation my ass I didn't mention inflation in Ireland. I was talking about the cost of living in Ireland. Would you not agree that has increased considerably in the last 2 decades where as wages haven't. Thus so many people are now fighting for a living wage, can't afford to buy a house or have a decent standard of living. Due to wages almost becoming worthless as the cost of living is so high. You asked would smaller currencies crash and I answered yes they have. Due to hyperinflation. In Argentina in the 80s they to had to bring in a new peso (a new currency) for stability. Same happened in Zimbabwe with the dollar. People use to have to carry a rubbish bag full of cash notes just to buy a news paper. You figure of. 86% I'd from 2019. So anything else?? " Hang on, Argentina after Videla and the drubbing handed by the Brits in the Falklands War, Zimbabwe after decades of Mugabe corruption and cleptocracy. Why don’t you mention the Reichsmark in May 1945 as well. I fully realise that the Euro and the Pound are only legal tender in the EU and the UK but the EU and the UK are hundreds of thousands of hectares of farmland, Volkswagen, Renault, Alstom, Siemens, EDF, Diageo, Kerry Group, SNCF, dozens of airports, the ports of Rotterdam, Bremen, Hamburg, Glasgow, Antwerp...., hundreds of millions of people, schools, universities, hospitals. All very real and tangible. Crypto currencies are a handful of people with a handful of powerful computers essentially creating a bit of intangible data and convincing each other that bit of data is worth something. I know it’s not that simple but if someone decides to flick the switch it’s gone. The real economy on the other hand is a bit more resilient to say the least. | |||
"Like the dollar and the euro are seen as having strengthened over the last few years. What about other smaller currency? Are they all going to crash too? Are we talking about some new worldwide depression with pension funds emptied and wages considered worthless. It's a nonsense. Sooner or later folks will realise the emperor has no clothes. Yes smaller currencies have crashed before. Its called hyper inflation. Wages are begining to be worthless. Cost of living in Ireland has never been higher and wages have not changed to any real degree in the last 3 decades. Anything else? Inflation in Ireland is about 0.86%. Hyperinflation my ass I didn't mention inflation in Ireland. I was talking about the cost of living in Ireland. Would you not agree that has increased considerably in the last 2 decades where as wages haven't. Thus so many people are now fighting for a living wage, can't afford to buy a house or have a decent standard of living. Due to wages almost becoming worthless as the cost of living is so high. You asked would smaller currencies crash and I answered yes they have. Due to hyperinflation. In Argentina in the 80s they to had to bring in a new peso (a new currency) for stability. Same happened in Zimbabwe with the dollar. People use to have to carry a rubbish bag full of cash notes just to buy a news paper. You figure of. 86% I'd from 2019. So anything else?? Hang on, Argentina after Videla and the drubbing handed by the Brits in the Falklands War, Zimbabwe after decades of Mugabe corruption and cleptocracy. Why don’t you mention the Reichsmark in May 1945 as well. I fully realise that the Euro and the Pound are only legal tender in the EU and the UK but the EU and the UK are hundreds of thousands of hectares of farmland, Volkswagen, Renault, Alstom, Siemens, EDF, Diageo, Kerry Group, SNCF, dozens of airports, the ports of Rotterdam, Bremen, Hamburg, Glasgow, Antwerp...., hundreds of millions of people, schools, universities, hospitals. All very real and tangible. Crypto currencies are a handful of people with a handful of powerful computers essentially creating a bit of intangible data and convincing each other that bit of data is worth something. I know it’s not that simple but if someone decides to flick the switch it’s gone. The real economy on the other hand is a bit more resilient to say the least." There’s no switch to turn off bitcoin. It’s impossible to stop it. If you look into it, it’s very impressive, and when you get it, you get it. | |||
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"So can someone explain in simple terms. What is Bitcoin? How do you buy it? What is it worth? What can you buy with Bitcoin? " Seconded. | |||
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"So can someone explain in simple terms. What is Bitcoin? How do you buy it? What is it worth? What can you buy with Bitcoin? " Not in great detail but feel free to reach out. What is Bitcoin? Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. There can only ever be 21 million Bitcoin mined (Bitcoin mining is a completely different topic) You can send Bitcoins (or part of one ... a sat) to your digital wallet, and you can send Bitcoins to other people. Each single transaction is recorded in a public list called the blockchain. IMO depending where in the world you are people view it as a store of value (Digital Gold), investment or currency which governments can't get their hands on (Think Venezuela, Peru, etc, etc) How do you buy it? Lots of ways to buy it, Crypto Exchanges traditional but since Q3 2020 & 2021 lots of companies putting it in balance sheet so an option to buy stock in that company (TESLA / Microstrategy - main examples) More Credit Card / Finance Companies & Banks getting on board daily. What is it worth? Currently 1 BTC = €30,000. Very volatile to trade. What can you buy with Bitcoin? Anything you want if you find a person that accepts Bitcoin as payment. If you want to get into Bitcoin, read up on it or listen to Podcasts. I'd recommend The Investors Podcast with Preston Pesh, the Wednesday episodes that are Bitcoin only. Start with the first one and it'll bring right down the rabbit hole. It's only the start for Bitcoin IMO | |||
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"Thats bonkers. You are predicting the US dollar and the euro will collapse to zero? Are you serious? Slowly going to zero, because every year you get less for your euro. Some companies have already started converting their spare cash to bitcoin to protect its value. It’s just a few now, but it will become the norm eventually. Currency is backed by nothing, only faith in the system. And governments are printing money like crazy. So it’s pretty obvious that it’s slowly going to zero." So because inflation exists therfore bitcoin. Makes sense. Great logic right there. Some companies have converted some cash to bitcoin in what has been regarded by many as a dangerous and risky move. Teslas 1.5bn bitcoin investment has swung wildly from profit to loss. It has not been popular with investors. Its akin to gambling. He may as well go to Vegas and put it on red or black. Most funds have only held small percentages of their assets in crypto because its deemed a very risky investment. Warren Buffet has famously said bitcoin is "rat poison squared" and that "I don’t have any cryptocurrency and I never will". | |||
"Thats bonkers. You are predicting the US dollar and the euro will collapse to zero? Are you serious? Slowly going to zero, because every year you get less for your euro. Some companies have already started converting their spare cash to bitcoin to protect its value. It’s just a few now, but it will become the norm eventually. Currency is backed by nothing, only faith in the system. And governments are printing money like crazy. So it’s pretty obvious that it’s slowly going to zero. So because inflation exists therfore bitcoin. Makes sense. Great logic right there. Some companies have converted some cash to bitcoin in what has been regarded by many as a dangerous and risky move. Teslas 1.5bn bitcoin investment has swung wildly from profit to loss. It has not been popular with investors. Its akin to gambling. He may as well go to Vegas and put it on red or black. Most funds have only held small percentages of their assets in crypto because its deemed a very risky investment. Warren Buffet has famously said bitcoin is "rat poison squared" and that "I don’t have any cryptocurrency and I never will". " I have to say I agree with most of this. The dollar (and fiat) is not going to zero. Companies holding Bitcoin as a reserve currency is definitely a risky move, as Tesla have found out. However, I think the case for crypto is broader than that. I'm not a financial expert, but a lot of the defi use cases are genuinely revolutionary. Taking out loans without banks, for instance. Bitcoin is getting an upgrade this month that will allow smart contacts and defi, or at least start that process. I'm long term bullish on btc and crypto generally - it's around for good (13 years and counting), solves genuine issues, the price can drop without taxpayers getting screwed (like they do when the stock market tanks). The problem for retail investors especially is that it is very volatile and you need to hold long term. Many buy when the price is high and panic sell when it drops. I've a feeling that crypto is an area where views are entrenched. If you're bullish or bearish on Bitcoin, the other side won't convince you of anything. So I'll just keep tapping away making a few quid
And it's fine for Warren Buffett to opine about something he knows nothing about (by his own admission) because he's already rich | |||
"Thats bonkers. You are predicting the US dollar and the euro will collapse to zero? Are you serious? Slowly going to zero, because every year you get less for your euro. Some companies have already started converting their spare cash to bitcoin to protect its value. It’s just a few now, but it will become the norm eventually. Currency is backed by nothing, only faith in the system. And governments are printing money like crazy. So it’s pretty obvious that it’s slowly going to zero. So because inflation exists therfore bitcoin. Makes sense. Great logic right there. Some companies have converted some cash to bitcoin in what has been regarded by many as a dangerous and risky move. Teslas 1.5bn bitcoin investment has swung wildly from profit to loss. It has not been popular with investors. Its akin to gambling. He may as well go to Vegas and put it on red or black. Most funds have only held small percentages of their assets in crypto because its deemed a very risky investment. Warren Buffet has famously said bitcoin is "rat poison squared" and that "I don’t have any cryptocurrency and I never will". " Telsa mad over a 100 million profit on bitcoin in the last quarter. The Telsa investment has never been in the red. The price has not dropped below what they paid for it once. Are you just making things up now?? | |||
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"Thats bonkers. You are predicting the US dollar and the euro will collapse to zero? Are you serious? Slowly going to zero, because every year you get less for your euro. Some companies have already started converting their spare cash to bitcoin to protect its value. It’s just a few now, but it will become the norm eventually. Currency is backed by nothing, only faith in the system. And governments are printing money like crazy. So it’s pretty obvious that it’s slowly going to zero. So because inflation exists therfore bitcoin. Makes sense. Great logic right there. Some companies have converted some cash to bitcoin in what has been regarded by many as a dangerous and risky move. Teslas 1.5bn bitcoin investment has swung wildly from profit to loss. It has not been popular with investors. Its akin to gambling. He may as well go to Vegas and put it on red or black. Most funds have only held small percentages of their assets in crypto because its deemed a very risky investment. Warren Buffet has famously said bitcoin is "rat poison squared" and that "I don’t have any cryptocurrency and I never will". Telsa mad over a 100 million profit on bitcoin in the last quarter. The Telsa investment has never been in the red. The price has not dropped below what they paid for it once. Are you just making things up now?? " Ok so it never quite tipped into loss by the looks of it, but it has swung wildly. It's a pure gamble. Everyone is delighted when it's on the way up, and will lose their shirts on the way down. When to sell? Who the fuck knows! There are no real world indicators because its not based on anything in the real world. Fortunes will be won and lost. | |||
"Thats bonkers. You are predicting the US dollar and the euro will collapse to zero? Are you serious? Slowly going to zero, because every year you get less for your euro. Some companies have already started converting their spare cash to bitcoin to protect its value. It’s just a few now, but it will become the norm eventually. Currency is backed by nothing, only faith in the system. And governments are printing money like crazy. So it’s pretty obvious that it’s slowly going to zero. So because inflation exists therfore bitcoin. Makes sense. Great logic right there. Some companies have converted some cash to bitcoin in what has been regarded by many as a dangerous and risky move. Teslas 1.5bn bitcoin investment has swung wildly from profit to loss. It has not been popular with investors. Its akin to gambling. He may as well go to Vegas and put it on red or black. Most funds have only held small percentages of their assets in crypto because its deemed a very risky investment. Warren Buffet has famously said bitcoin is "rat poison squared" and that "I don’t have any cryptocurrency and I never will". Telsa mad over a 100 million profit on bitcoin in the last quarter. The Telsa investment has never been in the red. The price has not dropped below what they paid for it once. Are you just making things up now?? Ok so it never quite tipped into loss by the looks of it, but it has swung wildly. It's a pure gamble. Everyone is delighted when it's on the way up, and will lose their shirts on the way down. When to sell? Who the fuck knows! There are no real world indicators because its not based on anything in the real world. Fortunes will be won and lost." The issue as I see it is that Tesla shares are pretty much speculation instruments, so proxying a further speculative asset like Bitcoin adds to volatility. Volatility in btc price is fine, because only btc investors are affected, but but for stocks because if stock markets crash then we basically all end up paying to bail them out. I'm also much more worried about short squeezes on stock markets than anything in crypto atm because there's a genuine chance of another crash and us all getting screwed. | |||
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"Like the dollar and the euro are seen as having strengthened over the last few years. What about other smaller currency? Are they all going to crash too? Are we talking about some new worldwide depression with pension funds emptied and wages considered worthless. It's a nonsense. Sooner or later folks will realise the emperor has no clothes. Yes smaller currencies have crashed before. Its called hyper inflation. Wages are begining to be worthless. Cost of living in Ireland has never been higher and wages have not changed to any real degree in the last 3 decades. Anything else? Inflation in Ireland is about 0.86%. Hyperinflation my ass I didn't mention inflation in Ireland. I was talking about the cost of living in Ireland. Would you not agree that has increased considerably in the last 2 decades where as wages haven't. Thus so many people are now fighting for a living wage, can't afford to buy a house or have a decent standard of living. Due to wages almost becoming worthless as the cost of living is so high. You asked would smaller currencies crash and I answered yes they have. Due to hyperinflation. In Argentina in the 80s they to had to bring in a new peso (a new currency) for stability. Same happened in Zimbabwe with the dollar. People use to have to carry a rubbish bag full of cash notes just to buy a news paper. You figure of. 86% I'd from 2019. So anything else?? Hang on, Argentina after Videla and the drubbing handed by the Brits in the Falklands War, Zimbabwe after decades of Mugabe corruption and cleptocracy. Why don’t you mention the Reichsmark in May 1945 as well. I fully realise that the Euro and the Pound are only legal tender in the EU and the UK but the EU and the UK are hundreds of thousands of hectares of farmland, Volkswagen, Renault, Alstom, Siemens, EDF, Diageo, Kerry Group, SNCF, dozens of airports, the ports of Rotterdam, Bremen, Hamburg, Glasgow, Antwerp...., hundreds of millions of people, schools, universities, hospitals. All very real and tangible. Crypto currencies are a handful of people with a handful of powerful computers essentially creating a bit of intangible data and convincing each other that bit of data is worth something. I know it’s not that simple but if someone decides to flick the switch it’s gone. The real economy on the other hand is a bit more resilient to say the least. There’s no switch to turn off bitcoin. It’s impossible to stop it. If you look into it, it’s very impressive, and when you get it, you get it." Data that is stored is data that can be wiped and a storage medium that can be destroyed. The real economy doesn’t disappear that easily, that requires an extinction event like an asteroid impact. Even during the Black Death the real economy survived, it contracted badly alright and took a lot of time to recover but it never disappeared. If you put your eggs in a virtual basket don’t be surprised that at some stage the basket can simply disappear into nothing. | |||
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"As I said last week....never mind Bitcoin buy AMC... currently at a very cheap price $58" The latest Wall Street bets pump and dump? | |||
" I know it’s not that simple but if someone decides to flick the switch it’s gone. The real economy on the other hand is a bit more resilient to say the least. There’s no switch to turn off bitcoin. It’s impossible to stop it. If you look into it, it’s very impressive, and when you get it, you get it. Data that is stored is data that can be wiped and a storage medium that can be destroyed. The real economy doesn’t disappear that easily, that requires an extinction event like an asteroid impact. Even during the Black Death the real economy survived, it contracted badly alright and took a lot of time to recover but it never disappeared. If you put your eggs in a virtual basket don’t be surprised that at some stage the basket can simply disappear into nothing." That’s the beauty of the decentralized blockchain, the data is stored in thousands of locations, not one location. It’s also like saying don’t use email, it’s only virtual, send a letter instead. | |||
"https://www.reuters.com/technology/tesla-shares-lag-bitcoin-plunges-china-crackdown-2021-05-19/ You know its not just me saying this right? The tesla share price is now effected by the ups and downs of bitcoin. Its a massive gamble." The fine line of this report literally says falls close to the purchase price. So they haven't lost any money on this. Holding cash is a far bigger issue then spending it. | |||
"Thats bonkers. You are predicting the US dollar and the euro will collapse to zero? Are you serious? Slowly going to zero, because every year you get less for your euro. Some companies have already started converting their spare cash to bitcoin to protect its value. It’s just a few now, but it will become the norm eventually. Currency is backed by nothing, only faith in the system. And governments are printing money like crazy. So it’s pretty obvious that it’s slowly going to zero. So because inflation exists therfore bitcoin. Makes sense. Great logic right there. Some companies have converted some cash to bitcoin in what has been regarded by many as a dangerous and risky move. Teslas 1.5bn bitcoin investment has swung wildly from profit to loss. It has not been popular with investors. Its akin to gambling. He may as well go to Vegas and put it on red or black. Most funds have only held small percentages of their assets in crypto because its deemed a very risky investment. Warren Buffet has famously said bitcoin is "rat poison squared" and that "I don’t have any cryptocurrency and I never will". Telsa mad over a 100 million profit on bitcoin in the last quarter. The Telsa investment has never been in the red. The price has not dropped below what they paid for it once. Are you just making things up now?? Ok so it never quite tipped into loss by the looks of it, but it has swung wildly. It's a pure gamble. Everyone is delighted when it's on the way up, and will lose their shirts on the way down. When to sell? Who the fuck knows! There are no real world indicators because its not based on anything in the real world. Fortunes will be won and lost." Sure when do you sell any share or stock or investment? The first rule of investing is invest what you can afford to lose. Doesn't matter if thats in stock, currencies or bonds. Fortunes are made and lost every day on the stock market. | |||
"As I said last week....never mind Bitcoin buy AMC... currently at a very cheap price $58" Great pick last week. You got anymore? Didn't get in on the last one. | |||
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"Dying to get into this just wondering where to learn?" YouTube | |||
"As I said last week....never mind Bitcoin buy AMC... currently at a very cheap price $58 The latest Wall Street bets pump and dump?" No this is not a pump and dump. This is the last time anything will happen in the markets like this! It's been bubbling since January. It's about to squeeze | |||
"As I said last week....never mind Bitcoin buy AMC... currently at a very cheap price $58 Great pick last week. You got anymore? Didn't get in on the last one. " Well obviously the longer term stock is virgin galactic! Successful test flight two weeks ago. Branson will be on a ship and in space by July. Space tourism is real and this is a trillion dollar industry | |||
"So can someone explain in simple terms. What is Bitcoin? How do you buy it? What is it worth? What can you buy with Bitcoin? Not in great detail but feel free to reach out. What is Bitcoin? Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. There can only ever be 21 million Bitcoin mined (Bitcoin mining is a completely different topic) You can send Bitcoins (or part of one ... a sat) to your digital wallet, and you can send Bitcoins to other people. Each single transaction is recorded in a public list called the blockchain. IMO depending where in the world you are people view it as a store of value (Digital Gold), investment or currency which governments can't get their hands on (Think Venezuela, Peru, etc, etc) How do you buy it? Lots of ways to buy it, Crypto Exchanges traditional but since Q3 2020 & 2021 lots of companies putting it in balance sheet so an option to buy stock in that company (TESLA / Microstrategy - main examples) More Credit Card / Finance Companies & Banks getting on board It's only the start for Bitcoin IMO" Thank you! Might try Bank so.. | |||
"So can someone explain in simple terms. What is Bitcoin? How do you buy it? What is it worth? What can you buy with Bitcoin? Not in great detail but feel free to reach out. What is Bitcoin? Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. There can only ever be 21 million Bitcoin mined (Bitcoin mining is a completely different topic) You can send Bitcoins (or part of one ... a sat) to your digital wallet, and you can send Bitcoins to other people. Each single transaction is recorded in a public list called the blockchain. IMO depending where in the world you are people view it as a store of value (Digital Gold), investment or currency which governments can't get their hands on (Think Venezuela, Peru, etc, etc) How do you buy it? Lots of ways to buy it, Crypto Exchanges traditional but since Q3 2020 & 2021 lots of companies putting it in balance sheet so an option to buy stock in that company (TESLA / Microstrategy - main examples) More Credit Card / Finance Companies & Banks getting on board It's only the start for Bitcoin IMO Thank you! Might try Bank so.." Banks don’t sell bitcoin yet. Try any of the crypto exchanges, I won’t mention them here in case I get banned for promotion. | |||
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"It's been drawing massive SHS for weeks so we may see it down to 19k soon. From them up again in my opinion but not exponentually as it did this last months. Just an opinion. Whatever you invest in, only invest money that you can lose, don't invest savings that you man need. Good luck (and good lick)" Sorry for the typos | |||
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"Down below 30k USD this morning (€25k). " I'm waiting for $25k. Sold some at 56 and hoping to get back in at less than half. Still think it will be 100k this year but who knows. Will get there eventually. | |||
"Down below 30k USD this morning (€25k). I'm waiting for $25k. Sold some at 56 and hoping to get back in at less than half. Still think it will be 100k this year but who knows. Will get there eventually." So in the next 5 months you're looking for it to drop to 25k and then rise to 100k? | |||
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"Down below 30k USD this morning (€25k). I'm waiting for $25k. Sold some at 56 and hoping to get back in at less than half. Still think it will be 100k this year but who knows. Will get there eventually. So in the next 5 months you're looking for it to drop to 25k and then rise to 100k? " Yes, this is my expectation as well. This cycle washes out the weak hands and non believers, and makes the rest of us rich. | |||
"Down below 30k USD this morning (€25k). I'm waiting for $25k. Sold some at 56 and hoping to get back in at less than half. Still think it will be 100k this year but who knows. Will get there eventually. So in the next 5 months you're looking for it to drop to 25k and then rise to 100k? Yes, this is my expectation as well. This cycle washes out the weak hands and non believers, and makes the rest of us rich." Erm... but it never did drop to 25k? So someone waiting for that would still be waiting and wouldn't have seen the current upside | |||
"Down below 30k USD this morning (€25k). I'm waiting for $25k. Sold some at 56 and hoping to get back in at less than half. Still think it will be 100k this year but who knows. Will get there eventually. So in the next 5 months you're looking for it to drop to 25k and then rise to 100k? Yes, this is my expectation as well. This cycle washes out the weak hands and non believers, and makes the rest of us rich. Erm... but it never did drop to 25k? So someone waiting for that would still be waiting and wouldn't have seen the current upside" The current upside is called a bull trap. That was predictable as well. | |||
"Down below 30k USD this morning (€25k). I'm waiting for $25k. Sold some at 56 and hoping to get back in at less than half. Still think it will be 100k this year but who knows. Will get there eventually. So in the next 5 months you're looking for it to drop to 25k and then rise to 100k? Yes, this is my expectation as well. This cycle washes out the weak hands and non believers, and makes the rest of us rich. Erm... but it never did drop to 25k? So someone waiting for that would still be waiting and wouldn't have seen the current upside The current upside is called a bull trap. That was predictable as well." Bull trap confirmed in the price range where it was expected to be confirmed. Probably sideways and down for months now between $25k and 40k, before we go above $100k next year. | |||
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"New ATH baby!"  | |||
