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This year's best investment up 5250% ...
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Is it fair to call Bitcoin an investment? When does a 'risky' investment become 'gambling' in the purest sense of the word. I don't think that I would for example 'invest' (or 'gamble') 10% of my portfolio on Bitcoin in very much the same way that I wouldn't have gambled it on West Ham to beat Spurs 3:0 a couple of weeks ago (probably available on betfair at about 500/1, about 25 times better return than Bitcoin this year).
Perhaps I am too risk averse for Bitcoin, yet I have made my money from taking calculated risks, maybe it is only because I am now comfortable and have everything to lose, but when it comes to Bitcoin as they say in Dragons' Den, 'I'm out'.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »Is it fair to call Bitcoin an investment? When does a 'risky' investment become 'gambling' in the purest sense of the word. I don't think that I would for example 'invest' (or 'gamble') 10% of my portfolio on Bitcoin in very much the same way that I wouldn't have gambled it on West Ham to beat Spurs 3:0 a couple of weeks ago (probably available on betfair at about 500/1, about 25 times better return than Bitcoin this year).
Perhaps I am too risk averse for Bitcoin, yet I have made my money from taking calculated risks, maybe it is only because I am now comfortable and have everything to lose, but when it comes to Bitcoin as they say in Dragons' Den, 'I'm out'.
That's fair enough. I'm also comfortable financially.
However, as I said in an earlier post, I no longer think of Bitcoin as a gamble. I genuinely believe in the fundamentals and philosophy of Bitcoin and can see its potential.
I have always acknowledged that the price could go to zero, I just don't think it ever will and am quite happy earning and holding bitoins.0 -
That's fair enough. I'm also comfortable financially.
However, as I said in an earlier post, I no longer think of Bitcoin as a gamble. I genuinely believe in the fundamentals and philosophy of Bitcoin and can see its potential.
I have always acknowledged that the price could go to zero, I just don't think it ever will and am quite happy earning and holding bitoins.
That's fair comment, also you invested at an earlier stage and are in a different position to what a new entrant into the Bitcoin market would be. By the way you might want to edit your 900%, if £1k it went up to £20k shouldn't that be 1,900%.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »That's fair comment, also you invested at an earlier stage and are in a different position to what a new entrant into the Bitcoin market would be. By the way you might want to edit your 900%, if £1k it went up to £20k shouldn't that be 1,900%.
That's the same with anything I suppose. Timing is important, but if you're a "buy and hold" type even buying some now could lead to big gains in the coming months and years.
(have amended title, thanks for the heads up
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suppose that use of anonymous digital currency will expand massively. (even exponentially, for a while.) this seems plausible to me.
but does it have to be bitcoin? it could be another digital currency. (it could be several, with some form of exchange between them.)0 -
Where's that thread from the chap who had his current account locked right after he had receive money from some bitcoin fraudster? He never reported any unlocking afaik. In fact, he abruptly stopped posting from what I know.
It's an undeniable fact that criminals such as drug dealers and money launderers love bitcoin. Its regulation-free nature is the nirvana of the underworld. Honest bitcoiners will have a tough job to ensure they aren't getting inadvertently caught in the quagmire. For just only that reason, I am out too!
EDIT: here we go, found that thread: https://forums.moneysavingexpert.com/discussion/45809750 -
It's an undeniable fact that criminals such as drug dealers and money launderers love bitcoin.
Scammers love sterling too. They have recently printed another £375 billion of the stuff and trashed its value :mad:“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »Scammers love sterling too. They have recently printed another £375 billion of the stuff and trashed its value :mad:
Pah, amateurs... and calling it sterling is a scam in itself, since it is backed by exactly nothing.
Some commentators suggest the US fed fraudsters look set to up the counterfeiting there to $1tn a month once Yellen gets transplanted.
It's intriguing how bitcoin detractors and belittlers throw everything against it that applies in at least equal measure to fiat, conveniently forgetting the massive advantages btc has over manipulated wealth transfer tickets.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
So do I get a guarantee for my bitcoin deposit, up to a set sum of bitcoins, if so by whom? How do I ensure I am not being mistaken for some drug baron?
All I have so far seen is condescending attitude from bitcoin fans.0 -
The guarantee is inherent, what can't be guaranteed is that they won't, at some point, be confiscated by the biggest and most powerful gang of crooks on the planet.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0
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