Cryprocurrency

[wayzgoose]

Please don't waste peoples time with cartoon derived ******. FFS.

Someone's peeved they didn't put 100 quid in when it was £.000001 and now it's £.00005

 

[HFE Signs]

I'd be very reluctant to invest in anything right now, the markets are so over inflated the general feeling is a big correction isn't far away. Having said that there also seems to be an endless supply of stimulus propping it all up and markets keeps going up - it is a gamble and you risk losing hard earnt cash. If you do decide to gamble it, have a strategy and know in advance where you sell out in either direction. IG.com are a good broker. Good luck

 

[WaveJumper]

If you invest in a pension lets hope the correction is not to big then

 

[HFE Signs]

It might also be worth holding on a while and see what happens with the impact of Evergrande

 

[Martin Patfield]

Someone's peeved they didn't put 100 quid in when it was £.000001 and now it's £.00005

Lol.

Quite happy with a £400 Bitcoin back many, many, many years ago when it was fairly new and unheard of.
I've seen it rise, dip, fall, rise, dip.

I plan to see it through until 6 figures and take a look again then.

 

[wayzgoose]

Lol.

Quite happy with a £400 Bitcoin back many, many, many years ago when it was fairly new and unheard of.
I've seen it rise, dip, fall, rise, dip.

I plan to see it through until 6 figures and take a look again then.

Very nice! My best was £2500

 

[Casually made]

Another adage "if you feel like trading in commodities, lie down until the feeling goes away"

I am not sure bitcoin meets a strict definition of a commodity, but its fungible so close enough. Possibly more like foreign currency in that you can lend it at interest.



On the other hand you can say the same of gold and diamonds. Yes, they are pretty, but so are a lot of cheaper substutites and neither that nor practical uses for them justify more than a tiny fraction of their prices.

Prices are maintained by their use as a store of wealth (central bank stocks, traditional use as a personal store of value), value as a status symbol because they are expensive, and, in the case of diamonds, artificial restrictions on supply.

Yea problem is a pyramid scheme is also store of wealth ..... for the people running it

Gold and diamonds are bonafide time tested commodities with established supply and demand commercial and retail markets

What is bitcoin ? why do i need it ? why does anyone need it ?

The central banks and governments certainly don't seem to think is has any place in mainstream society , hence why the FCA has banned it

To me it looks like a quasi asset at very best an unregulated and dangerous one at that

blockchain tech has some interesting abilities but that is entirely seperate from "bitcoin"

I have a bad feeling a day is going to come when there's a rapid race to the bottom and very little will stop it

 

[gpietersz]

Gold and diamonds are bonafide time tested commodities with established supply and demand commercial and retail markets

They have been around longer, but my point is that they are expensive for no reason except that they are widely accepted as a store of wealth. If they can be, why not bitcoin?

The central banks and governments certainly don't seem to think is has any place in mainstream society , hence why the FCA has banned it

When did the FCA ban ******?

blockchain tech has some interesting abilities but that is entirely seperate from "bitcoin"

It is an interesting idea and may have other applications, but no really compelling ones have yet appeared.

 

[WaveJumper]

A bit of interesting reading for bedtime
https://www.coindesk.com/policy/202...member-states-to-agree-on-******-regulations/

 

[Nico Albrecht]

Yeah she mentions " attracting retail investors" were are not in 2017 anymore. Today 90% of ****** is owned by institutions not retail investors. Was the other around 4 years ago
It just shows how little she understands about the actual market.