West Ham Online

"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??"

"Funnily enough, that reminds me, the friend of mine I mentioned who’s a LINK devotee, was in a newspaper article in about 2018, and there literally is a photo of him in the paper looking like a broken man. I wonder if I can find it."

"There’s nothing stopping ‘ordinary people’ from buying stocks and bonds. Stocks have made massive gains in the last ten years. The difference with cryptos is that it’s a fad that’s mostly attracted people new to investing, who don’t really understand it, and who can be wowed by hype and meaningless tech gibberish. Last time there was a crypto bubble in 2017, people on here were saying the same thing. “See? The experts don’t know anything. They’re just jealous.” Then after the bubble crashed, the people who were saying that the experts were jealous sounded like broken men. Someone explain to me why the same thing isn’t going to happen this time."

"It’s always about what you get out,not what you put in."

I cashed out today. After the capital gains deductions are taken in account I’ll have enough to do a loft conversion.

"Again, probably the stupidest thing anyone can do in life would be to take financial advice from someone called ""mashed in maryland"" on a West Ham website, but generally when BTC goes up, a lot of the altcoins soon follow days/weeks/months later. Could do a lot worse than lumping some spare change into a few of them and checking back in a few weeks when the pubs are (hopefully) open for a bit of free beer money."

"BRANDED 1:23 Sun Feb 21 I've heard of it mate, hate reading political theory though, its basically fiction. One BTC is now worth more than 1kg of gold, btw."

I think Siver Streak Inc way overpriced. Solid performer in the sector and always shows. Come mid March should be sitting on a pretty penny.

"Mashed. I don’t disagree. However we aren’t there and are unlikely to be so. There is a brilliant book written in the late 69s early 70s that got dismissed because it’s quite “ right wing” and anti government called Anarchy, State and Utopia by Robert Nozick. It’s a hard acedemic read in a 1970s style so needs a lot of concentration. In the book he describes how a society might organise after a complete breakdown with no government. You have strong people and clever people. People with skills and resources. Leaders of people who lead, for example, security firms to protect the clever people or the farming specialists. Anyway,over time you get back to where we are with different levels of government, laws, controls and shared understanding. We are here for a reason. He argues the case for very small government at a time when big government was winning all the arguments. He argues this as he suggests government merely distorts the market. Most importantly government has a monopoly on violence."

"goose 11:47 Sun Feb 21 Companies like Apple, Google, AT&T, Burger King and several big banks and the Chinese government are involved in cryptos. There's at least one big company that lends money with BTC as collateral. The cartels supposedly use cryptos to pay each other millions of dollars undetected. A few tech startups pay employees with it. Some private banks have dedicated crypto departments. There's a budding sector of law based around it. Its not a fad any more if this much time and energy is going into it. Yes, you may well be able to buy a pack of fags or fill your car up with a cryptocurrency in the next decade. If not, who gives a shit. Its making a lot of (regular) people a LOT of money. Maybe that's why some people are so opposed to it."

"BRANDED 11:34 Sun Feb 21 If society collapsed tomorrow, even a billionaire playboy like you will be worth exactly as much as the poorest most destitute poster on here. Unless one of you had a gun. Or a bow & arrow. Don't believe me? Go to North Sentinal Island and try buying something off one of the tribesmen with a load of £20 notes and see how far you get."

"From the sounds of it, a Tesla vehicle is probably at the bottom of my shopping list if I had a never ending supply of bitcoins."

Yep and buy Uzis. Or crack. It's the fees for transferring funds via mining that fuck me off.

"""and not much else"" Can't you hire contract killers on the dark web?"

At some point the value of BTC will be tested - at the moment you can buy a Tesla vehicle with it and not much else. If you can’t pay or be paid in BTC then what’s the point of it? At least the money in my pocket is under written by the BOE.

Not strictly true. There are mechanisms in place that creates valuations of things. Some things are are and collectable. Some things generate income. If you work you put your time in and hope for a return based upon an agreement or contract. Never guaranteed but generally you can work out the probability of getting paid. With stock markets and bitcoins and gold or any other asset you can purchase there are people paid a lot of money trying to work out what will trigger a change in mood.

Not strictly true. There are mechanisms in place that creates valuations of things. Some things are are and collectable. Some things generate income. If you work you put your time in and hope for a return based upon an agreement or contract. Never guaranteed but generally you can work out the probability of getting paid. With stock markets and bitcoins and gold or any other asset you can purchase there are people paid a lot of money trying to work out what will trigger a change in mood.

"""The value only exists because society says it does"" Same with the bits of paper in our pockets and the numbers on the screen when we check our balance Nothing really means fuck all in the scheme of things"

Same question with Gold or Silver That’s the problem with that shit The value only exists because society says it does.

When do you sell? That's the problem with this shit...

I see Nvidia are cranking down their new GPU cards if used for bitcoins

Northern Sold 6:38 Fri Feb 19 It has to be a full moon and hit exactly 50k on the stroke of midnight

Does that mean Darby has to put some more dollars in the fund??

"BTC @ 54K now. BNB been hurling upwards the last couple of days. Anyone with a Binance account with some BNB in they've forgotten about might wanna check it, you'll probably get a nice surprise for the weekend"

Mining is a fools errand now. Well for Bitcoin it is. I believe Ethereum is more viable but potentially short lived.

"If you spent say 15k on a decent mining rig, what's your payback time going to be? If money wasn't an issue, what would you NEED to spend on a rig to make it viable? Or is mining a waste of time now?"