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goose 6:04 Thu Dec 17
Bitcoin
Bitcoin went past $23,000 today.
I've made just over £400 today trading it from the comfort of my sofa.

other cryptocurrencies have been flying as well.

short term fad or long term alternative currency??

Replies - Newest Posts First (Show In Chronological Order)

Vexed 5:34 Wed Feb 24
Re: Bitcoin
Pretty much every country in the world is planning a rollout of a Central Bank Digital Currency, including the yanks.

But it's not catching on this cryptocurrency stuff......

goose 1:18 Wed Feb 24
Re: Bitcoin
the ECB are pushing ahead with the 'digital euro'.
guessing the other banks will follow the same idea.

apart from the yanks who haven't even embraced contactless payments.

Block 1:02 Wed Feb 24
Re: Bitcoin
I see MUSK has lost BILLIONS due to investing in bitcoin, his shares in Tesla took a battering.

* thumbs up *

Vexed 1:00 Wed Feb 24
Re: Bitcoin
Darby_ 2:49 Wed Feb 24

Again, I'm not here to educate you, but I'd love to hear what you think are the fundamentals of your very poorly performing stocks Darby_ son.

Oh and pay up that bet you lost you fat cunt.

PwoperNaughtyButNot 8:35 Wed Feb 24
Re: Bitcoin
It’s a storage of wealth for the wealthy

Cash is ok the way out

Bitcoin is the new gold

The likes of ether and cardano will be the tradable currency.

After that will be smart contracts and non fungible tokens.

Think of everything that takes days to process - bank transfers, transfer of property etc - it will all be gone forever with the blockchain. You can even go further and see an end of voter fraud with each vote being on the blockchain.

This isn’t a technology that is going backwards anytime soon. Web 3.0 is here. Decentralisation is on the horizon and governments are weak the world over so will struggle to stop this.

Have a read of this if you want an idea of what 2021 and beyond brings:

https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARK–Invest_BigIdeas_2021.pdf

Mike Oxsaw 4:08 Wed Feb 24
Re: Bitcoin
If I'm prepared to exchange a product or service for Bitcoins instead of cash, then it has value to both me and the buyer,

I'm taking a risk at that point as to be of any use to me - to spend them - I then need to find someone who has a product or service I want and is prepared to sell it to me in exchange of my Bitcoins (or some of them).

If I can't find that person then, for the moment, I can regard them as either worthless or a "forced investment", only to be realised when something I want becomes available priced in Bitcoins.

Those Bitcoins have absolutely no worth to anybody else unless they can spend them themselves on something they want.

The value of Bitcoins then naturally rises when more and more people are prepared to accept them as a legitimate form of payment.

The number of Bitcoins is finite and, unlike cash, institutions can't simply create more out of thin air, as they can with cash, so their exchange rate with physical items rockets.

It will only come down when too few people accept them and they can't be used for transactions.

Darby_ 2:49 Wed Feb 24
Re: Bitcoin
Has Vexed explained what Bitcoin's fundamentals are, goose? I didn't catch it.

ParadiseLost 11:32 Tue Feb 23
Re: Bitcoin
Charleyfarley I understand the supply and demand argument but I struggle in what you are actually buying. What is the utility of it beyond money? Even the supply and demand falls down. When there can’t be any more Bitcoins created there’s nothing to stop a Bitcoin 2. There are already plenty of other crypto currencies. Why is one any better (or more durable) than another.
I live in Colombia and Bitcoin is very, very popular here with some interesting local pricing distortions. It’s almost as if people were trying to launder dollar bank notes from some activity into something more easily moved around....

DocMarten 11:31 Tue Feb 23
Re: Bitcoin
Yellen is fucking clueless. You don’t buy BTC for your daily groceries. Really? Thank god i had her to tell me that.

Its a damn sight more ‘efficient’ if i want to move $500m from A to B than the banks.

Vexed 10:11 Tue Feb 23
Re: Bitcoin
This Yellen old bint is hilarious. Complete fuckwit. She wanted to tax the yanks on their UNREALISED crypto profits a few weeks back. That's partly the cause of the last dip. Madness. Doesn't understand the technology at. Bit like Darby_ actually. Bout the same age I reckon.

If I was a criminal I reckon BTC would be last on my list of covert ways to fling my ill gotten gains about.

goose 9:47 Tue Feb 23
Re: Bitcoin
Bitcoin was on the brink of entering a bear market Tuesday as the volatile crypto asset suffered a double-digit plunge over the past 24-hour period.

Why is bitcoin’s price down?

Indeed, that was a point raised by Treasury Secretary Janet Yellen on Monday during a New York Times DealBook conference.

To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said

Northern Sold 1:20 Tue Feb 23
Re: Bitcoin
Good day for I3e... 20% up on the day... nice news of a decent dividend this quarter...


PORK FUCKING BELLIES

goose 1:17 Tue Feb 23
Re: Bitcoin
So supply & demand thank you.

And what data sources would you use to find out how many BTC are in circulation?

charleyfarley 1:11 Tue Feb 23
Re: Bitcoin
goose if it helps, the main force driving the price up is main stream banks and other commercial enterprises investing into bitcon, appprox 18 million bitcoins in circulation and only about 3 million left available to be mined. So a lot of demand and limited supply.

Block 1:05 Tue Feb 23
Re: Bitcoin
Ag ag ag ag

penners28 12:34 Tue Feb 23
Re: Bitcoin

Block 11:57 Tue Feb 23
Re: Bitcoin

You just copy someone elses name....

goose 12:33 Tue Feb 23
Re: Bitcoin
I said there was only TA, i didn’t say it was useless.

How can I back up something that doesn’t exist (imo)?
I’ve asked you to tell me about the fundamentals that drive price and you won’t.

Who said I’m losing money btw?

Side of Ham 12:31 Tue Feb 23
Re: Bitcoin
Stop this nerd chat, couldn't give a fuck how much money it makes as that's what the nerds used to get a good kicking for.....all the money they were going to make.......this site is getting more & more Spursy in the sorts of mincey shite being discussed.....

Vexed 12:24 Tue Feb 23
Re: Bitcoin
Goooser, you didn't feel the need to back up your claim that there weren't, I was good enough to give you a start as I'm not here to educate you, which you have chosen to ignore so you can prolong whatever point it is you're trying to prove.

If you cant be bothered to read about stuff then it's not surprise that you're losing money. That takes some doing in the current market.

According to you there are no fundamentals and TA is useless. I wonder what all these massive firms are basing their multi billion investments on then? They should have come to you Goosey son, that's where they've gone wrong. You and Darby would have pointed them in the right direction.

goose 12:13 Tue Feb 23
Re: Bitcoin
I said before I don’t think there are, you said today ‘yes there is’ so instead of just saying the same thing again I asked you which fundamentals drive the price of crypto........

And you’ve avoided answering.

Block 11:57 Tue Feb 23
Re: Bitcoin
Fuck that, I might be a cunt but I'm not that sort of cunt to name their kid that will give him a life of misery.

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