Bitcoin

[goose]

"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??"

[Ronald_antly]

The US Federal Reserve is preparing to wheel out its own digital currency. It will be the VHS to Bitcoin's Betamax.

[Cheezey Bell-End]

"I think not investing in something you don't understand is a good policy for someone who is cautious. Personally I see it as a much better investment than lottery tickets or online gambling, yet people throw billions into that."

[bill green]

cheers branded some lockdown reading fwiw the one to watch is blockchain the tech underneath rather than bitcoin the gambling chip bit like betting on Levi's in the goldrush rather than the fellas who dug up the gold and drank their profits

[bill green]

cheers branded some lockdown reading fwiw the one to watch is blockchain the tech underneath rather than bitcoin the gambling chip bit like betting on Levi's in the goldrush rather than the fellas who dug up the gold and drank their profits

[Golden Oldie]

"BRANDED 1:06 On that note, a very well known work in certain circles yet not much promoted in the mainstream is an excellent book The Creature from Jekyll Island by G. Edward Griffin https://www.amazon.co.uk/Creature-Jekyll-Island-Federal-Reserve-dp-091298645X/dp/091298645X/ref=dp_ob_title_bk Plenty of promotional blurb to explain why it's so valuable a book but the following covers the gist of it ""This book is about the most blatant scam of history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Your world view will definitely change."" Coffee ""you liberatarian spaz"" How rude, Fur queue!"

[Vexed]

"Darby_ 11:51 Fri Dec 18 That post exudes bitterness. I love it. I'm not going to bet on the price of Bitcoin, could be anything tomorrow let alone next year. But you are an idiot if you think it'll be dead in a year. Pretty sure you said that last time, you lunch."

[Ronald_antly]

Coffee 12:53 Fri Dec 18 Are you TRIGGERED by the word 'libertarian'?

[Woodford Green]

"I don't understand Crypto currency so won't touch it with a bargepole. There are still good gains to be had in the stock market. I invested in Tesla in October and its up 60%, made a similar gain on Greggs and doubled my money in 3 months on a fintech insurance company called Lemonade (expecting it to double again over the next 18 months). I'm expecting big things (100%+) with Draft Kings and Nio (Chinese Tesla) over the next year too."

[BRANDED]

"Bill My favourite book on money is by Eric Lonegran https://www.amazon.co.uk/gp/product/B0046A9MJA/ref=ppx_yo_dt_b_d_asin_title_o02?ie=UTF8&psc=1 Its called "" Money "" strangely enough Eric is a hard core trader Things they don’t tell you at Davos: a deposit in a bank is an unbacked loan to a highly leveraged financial institution; quantitative easing is the cancellation of government debt; and the secret to ending a recession is to stop funnelling money through banks and simply give it to people to spend, especially poor people"

[Coffee]

Golden Oldie 12:23 Fri Dec 18 A bunch of libertarians. Quelle surprise.

[bill green]

"Branded good points - bitcoin relies on money being there, not actually replacing it, merely taking out the centralised control of government or visa or a bank when transferring value. I like the analogy of the reason money exists - the farmer only needs a pair of shoes from the cobbler once a year but the cobbler needs to eat every day"

[Golden Oldie]

"I knew a guy who had a shed on someone else's farm in France devoted to bitcoin mining that would ask me to help out now and again, that's where I first heard about a guy called Jeff Berwick who started up Dollar Vigilante years back who has been touting bitcoin since 2009, which was the best time to get in on it and made enough to now fuck off youtube, faceberg,google who shut him down the other month because all he seems to do these days is openly piss in the faces of the global tech elites he released a book recently that's been doing very well on amazon that covers most of the scams from 9/11 to covid (hence his getting shut down the other week) so he set up his own video platform. Of course it's a pyramid scheme and like all pyramid schemes there's a prime time to get into it and a point where it's too late to make much out of it, that's probably round about now. If it's advice from someone with a proven track record with bitcoin he'd be your guy, unless you're the type to be triggered by a bloke with enough ""fuck you"" cash reserves to tell you the truth in a world mostly held together with a litany of endless lies. https://dollarvigilante.com/channel/"

[BRANDED]

Bill. Sure. But money needs to be available to all for the free trade of goods and services to be really useful. Holding onto cash hasnt been that wise for a long time. I saw a very interesting speech by an economist on the sibject. Here's a few take aways: There is an ever decreasing algorithm in bitcoin but infinite algorithms in crypto. You are dealing with a first to the races and well marketed product. Its really only as good as the interest ( of investors ) in it. The big problem is the use of energy resources. The value is set in fiat and in general known in the immediate future. That isnt the case with crypto. There isnt and never will be enough of it to replace standard fiat unless someone comes up with a crypto fiat but that makes no sense. At the end of the day cash is cash and non cash assets are assets that can have their value changed dramatically. Crypto has no other real value except betting on value. Unlike whisky which you can drink or gold you can wear.

[Cheezey Bell-End]

"SurfaceAgentX2Zero 10:54 Fri Dec 18 I see it a bit like that too. There's an aspect of Ponzi scheme about it. At least at this stage of the market's development. I will forever rue not taking more interest when I first read about it in about 2009. Traditionally you had money, then you had possessions to trade with, like gold. I don't see crypto replacing the latter at all, nor the former any time soon. It's something new that fits in the middle."

[Darby_]

"No surprise you didn't take the bet after how the last one turned out, Vexed. This is just another pump and dump to extract money from the punters. It'll be dead in a year. Since you won't back yourself, I'll do a one-way bet. If it's 50k USD in 12 months, I'll donate £100 to Gav's fund. See you next year."

[bill green]

"Branded i guess by money you mean fiat currency - government secured currency that raises taxes and controls the amount available, with government guarantees on payback. bitcoin is a ledger for transferring value not replacing money itself. the price is volatile owing to its perceived supply control compared to fiat currency quantatitive easing and more speculators getting involved."

[BRANDED]

Bit coin can never be considered money until it is formally backed by a nation. It looks like crypto might be going that way but the real problem lies in the way its mined. Its really like diamonds or gold or rare whisky. Except with those you can actually do something with them.

[BRANDED]

There’s a number of limitations but one is available energy. They may get regulated too.

[Johnson]

"SurfaceAgentX2Zero 10:54 Fri Dec 18 That's my view of it. Great for those making actual money out of it but what can you actually do with it, other than make actual money out of it by selling bits of it to a richer geek?"

[SurfaceAgentX2Zero]

"Crypto-currencies are an interesting phenomenon. I read up on the technical aspects and am convinced they are an incredibly secure means of protecting against inflation and the seemingly never-ending propensity of central banks to engage in competitive devaluations without the expense of buying physical assets like gold. However, paradoxically, were the shit really to hit the fan and the world's financial markets and currencies collapse, I'm not sure how many cans of baked beans and packets of shotgun cartridges I will secure by waving a bunch of really secure electrons in the seller's face. It's possible crypto-currency is the ultimate in pyramid selling schemes."

[Vexed]

That's some high quality bitterness from Darby_. His trademark. Eat it up son.

[Darby_]

"“Darby_ told me it was a load of shit and that it was finished a year or so ago. Genius he is. 50k this time next year.“ Finally back in the black are you, Vexed? Good to hear. It pains me seeing naifs lose money. Brave of you to make another prediction though after the way the last one went. How about another bet? $50k USD 1 year from now? Loser pays £100 to Gav’s fund?"

[Cheezey Bell-End]

"I bought 1 BTC on Revolut when it was really cheap a few months ago. I sold it for £2000 profit, which I've regretted ever since. I could have lived of it and still had much of it left."

[Cheezey Bell-End]

"The betst way I think is to set up an account with 3c.exchange, which gives you a load of automated trading tools and is a front end with Binance as the exchange."

[Cheezey Bell-End]

"The betst way I think is to set up an account with 3c.exchange, which gives you a load of automated trading tools and is a front end with Binance as the exchange."