Best Bitcoin rates?

barnstar2077

I would not say that gold and bitcoin are the same.  A commodity like gold, or coffee etc, has a real use, you can make gold into jewellery or incorporate it into electronics for instance.  So barring ww3 gold will always have some intrinsic value, even if that value is hard to predict.

83705628

barnstar2077 said:

flannel2 said:

Please, if you can't reply to the opening post, stay away or start a new thread.

I think some of the regular posters are just concerned that someone coming to the board for the first time might see bitcoin related threads and think that it was a good idea to invest their life savings.  When in reality bitcoin is a bit of a gamble, and should be treated as such.  As someone who doesn't care about the success of bitcoin either way, my impression of it is that the people praising it have a vested interest in doing so, and that bitcoin doesn't offer me anything that I cannot already do in a safe and timely way (eg I can already buy goods and services with sterling online.)  No harm in putting a few percent of your wealth in gold or bitcoin though, as long as you don't rely on the results.

/
Why not buy tulips?
But seriously I'd rather gamble, at least then it's properly regulated and you know the odds.

RolandFlagg

To be fair although I like Bitcoin as a future investment/gamble, MSE isn't the place to discuss it when you get huge threads about whether to swap from a 1% online bank account to one paying 1.01%.

[Deleted User]

RolandFlagg said:

To be fair although I like Bitcoin as a future investment/gamble, MSE isn't the place to discuss it when you get huge threads about whether to swap from a 1% online bank account to one paying 1.01%.

TBC15

6022tivo said:

I did have a tiny value of bitcoin as change from a transaction I did about 4 years ago. 
I logged into my blockchain account and was surprised by the rise. 
I have been looking at putting a bit of spare change into one of the crypto currencies and am surprised by the resistance on here for it being a sensible investment. 

Probably because 99% of the people on here don’t think it’s sensible and about as far from an investment as one could possibly imagine.

[Deleted User]

tcallaghan93 said:

RolandFlagg said:

It's only a small amount. I like a bit of everything in my portfolio. 1.5% is in Gold.

/
Gold and bitcoin are not investments so you cannot consider than as part of an investment portfolio, rather they are bets.

Repeat after me:

Bitcoin is not an investment. Bitcoin is not an investment...

Oops...

Damn, please call Bloomberg and Paul Tudor Jones (he is worth $5.1 Billion, but what does he know?) quick, you forgot to tell them that Bitcoin is not an investment, they must have made a mistake, of course.

bowlhead99

pioruns said:

tcallaghan93 said:

RolandFlagg said:

It's only a small amount. I like a bit of everything in my portfolio. 1.5% is in Gold.

/
Gold and bitcoin are not investments so you cannot consider than as part of an investment portfolio, rather they are bets.

Repeat after me:

Bitcoin is not an investment. Bitcoin is not an investment...

Oops...

That +47% in the first 43 days of the year suddenly reversing all the way and going on to become -30% over the next month certainly has all the hallmarks of a reliable investment, rather than a bet... For people who don't really want a loss greater than 50% in a month, there are other more conventional investments I suppose. 

Oh and that time when it went from £14700 to £2500 in just under a year. How we were glad we'd made room for it in our portfolios. Such larks!

[Deleted User]

If you don't understand it, don't invest.

If it's too volatile for you, don't invest.

Just because you can't handle something, doesn't mean that it doesn't exist.

The likes of Paul Tudor Jones, Winklevoss twins, many investment funds and venture capitalists, or even early adopters didn't know... and invested.. and now they are multimillionaires/billionaires

Link: https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp

bowlhead99

pioruns said:

If you don't understand it, don't invest.

If it's too volatile for you, don't invest.

Just because you can't handle something, doesn't mean that it doesn't exist.

The likes of Paul Tudor Jones, Winklevoss twins, many investment funds and venture capitalists, or even early adopters didn't know... and invested.. and now they are multimillionaires/billionaires

Link: https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp

I was quite late to the party with BTC trading, but it's been quite good to me. I sold some of the bitcoin that I had been buying and selling in the $320-420 range in 2014 for $670 in 2016, some more in the $9500-12900 range in late 2017, and nearly all of the rest of it in summer 2019 around $13700. By fluke, I bought more at about $5550 this March which was not far off the bottom and sold for $7550 when it had gone up by a third in a month and ten days. I now have only 0.1 BTC to keep me interested in checking the price every so often. 

But whether one can 'handle' the returns or not, these are the sorts of price swings you get from betting or daytrading rather than from investment. As it happens, I do like betting, but not as the cornerstone of my pension - for that I use actual investments in productive stuff, with a small element of fun money for more speculative punts.

83705628

pioruns said:

tcallaghan93 said:

RolandFlagg said:

It's only a small amount. I like a bit of everything in my portfolio. 1.5% is in Gold.

/
Gold and bitcoin are not investments so you cannot consider than as part of an investment portfolio, rather they are bets.

Repeat after me:

Bitcoin is not an investment. Bitcoin is not an investment...

Oops...

Damn, please call Bloomberg and Paul Tudor Jones (he is worth $5.1 Billion, but what does he know?) quick, you forgot to tell them that Bitcoin is not an investment, they must have made a mistake, of course.

/
That's called survivor and confirmation bias.
Bitcoin is not an investment at all, it is pure speculation, it is worse than gambling.
Ordinary retail investors should avoid it.
Those rich people could afford to lose the money they bought bitcoin with
Your comment is stupid and invalid, you can  always find examples of "famous clever investor bought this".
Warren Buffett and Jack Bogle agree with me, Pensioncraft has analysed crypto in detail and there is no correlation between it and anything else.
Why not buy tulips?