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Sterling to get abused even more?
Comments
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The Bank has already injected £375bn into the economy through QE, the largest monetary stimulus of any developed country as a proportion of GDP. Sir Mervyn King, the outgoing Governor, has called for another £25bn for the last two months – but has been outvoted by his fellow policymakers.
http://www.telegraph.co.uk/finance/economics/9981600/Billions-of-pounds-of-QE-unlikely-to-cause-inflation-IMF.html
Come on what difference will another £250000000000 make?
Everyone knows the new head of the BOE Mark Carney is going to turn up the currency abuse to make Merv look like an amateur groaper .
Mark Carney is going to be an abuser to rival Jimmy Savile. Just like the BBC let Savile get away with it for decades, the BOE will be allowed to get away with far more serious abuse that will affect more children's futures.0 -
Bitcoin up £25 overnight.
... now trading at £158 each.0 -
Are you going to take any profits here?0
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IzzyFreedman wrote: »Are you going to take any profits here?
No, but I do wish I waited until now to sell the 15 that I sold last week.
I could have made an extra £900.
I won't be cashing in or spending the 5 I have left though since they effectively cost nothing.
I've got nothing to lose so I'm going to stay along for the ride.
It's very exciting.
Who knows when or where this will end?0 -
£163, crazy, just crazy.
Glad I got in when I did.Sealed pot challange no: 3390 -
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No, but I do wish I waited until now to sell the 15 that I sold last week.
I could have made an extra £900.
I won't be cashing in or spending the 5 I have left though since they effectively cost nothing.
I've got nothing to lose so I'm going to stay along for the ride.
It's very exciting.
Who knows when or where this will end?
How do you go about declaring it for cap gains? Its all private isnt it?0 -
IzzyFreedman wrote: »Its very hard to catch the top on the way up, but very easy to miss it on the way down
Very true.
And it's easy to become too greedy.
I thought it would top out at about £100, hence my selling.
This further climb to £160 has taken me by surprise really.
With lots of big money looking for a home in the wake of recent events and joining in, who knows where it could end.
Bitcoin actually could be the real deal and a credible alternative to our current system.0 -
Backing from a central authority is no backing at all. You are talking about fiat currencies they are just as unbacked as bitcoin.0
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