Best Bitcoin rates?

83705628

As Bowlhead said it's a bit of fun like betting or gambling. It is not an investment. Ordinary retail investors should avoid it like a scam.
If you understand it, and you want to play with some money, go ahead.
But.

You wouldn't withdraw your SIPP and bet on the Grand National because some other clever famous people did.
You wouldn't buy tulips or gold because some other people did.
So why are you trying to encourage ordinary investors to so something that f****** stupid?

bowlhead99

tcallaghan93 said:

You wouldn't buy tulips or gold because some other people did.
So why are you trying to encourage ordinary investors to so something that f****** stupid?

I don't believe he's trying to 'encourage ordinary investors to do something [   ] stupid'. 

The OP asked a question about where the best bitcoin rates could be had.  In response to some criticism, Pioruns pointed out some of the sample returns (and losses) available from BTC in response in the recent past, and noted that if you don't understand it or find it too volatile, don't invest. "If you don't understand it, don't invest" is similar in substance to saying that ordinary retail investors should avoid it (as you have said) and that if you do understand it and want to play, go ahead (as you have said).  So, live and let live etc.  There are usually ample warnings accompanying bitcoin threads here. 

If OP wants to trade bitcoin they will be better served with other forums than a moneysaving expert one, but they have already been a member here for a decade and realise that people here often have reliable information about all manner of things, rather than being shills for bitcoin scam sites, so it might be a reasonable place to ask about selling the coins that they already have.  Pioruns is not asking them to invest more.

As a side note, perhaps cool it with the f*** this and f****** that. I'm quite partial to the odd expletive-derived acronym here and there for comic effect, we're all grown-ups and a few slips are understandable. But it's largely a family-friendly site. In the less than two weeks that you've adopted this place as your new home, you're comfortably into double figures on the f**** s.   Due to the human mind's excellent ability to 'subvocalise', even the most pious among us will still hear the word in our heads when you ashamedly blot out the word with asterisks.

[Deleted User]

Even bowlhead99 made money on Bitcoin. Congratulations sir!

But tcallaghan93 is saying that I am stupid (or my posts are) to call Bitcoin an investment. Maybe I am, but it doesn't make this statement invalid: Bitcoin can be an investment and everyone can make (or lose - especially if they trade it frequently) money on it! I've made money on it. Bowlhead made money on it. Everyone can jump in to make money on it. I bought some Bitcoin in march, for £3761 per coin. Today, each coin is worth £7290. If you can't handle volatility, stay away! Do not trade, simple as that. But if you can, use it.

And if you believe the project, you can buy and hold. That's an investment - for longer term. And you can actually use it. Bitcoin and blockchain, underlying protocol, has plenty of uses. Unlike your tulips.

Maybe I should not be surprised that you denying Bitcoin, you have "Bitcoin is cancer" statement in your signature attached to every post you make on forums. You must have a lot of hate towards something so unworthy. Why?

bowlhead99 Thanks for clear post. You and I may differ on wording what we can call "an investment", but with the rest I totally agree.

83705628

Bitcoin is not an investment. If you don't understand that you need to educate yourself.
If you think bitcoin is an investment then so is art, wine, tulips, gold, oil, Golden Grahams - literally anything that can be bought and sold.
Trading something to make a profit is trading, it's a business.
Investing would be investing in a bitcoin mining computer, or buying an exchange.

[Deleted User]

We already know your opinion, we can now move on, please.

83705628

pioruns said:

We already know your opinion, we can now move on, please.

/
Not opinion, fact.
Mind if I ask what your financial independence number was and how you hit it?

Prism

tcallaghan93 said:

Bitcoin is not an investment. If you don't understand that you need to educate yourself.
If you think bitcoin is an investment then so is art, wine, tulips, gold, oil, Golden Grahams - literally anything that can be bought and sold.
Trading something to make a profit is trading, it's a business.
Investing would be investing in a bitcoin mining computer, or buying an exchange.

Investing is any time you put your money into something in the hope that it makes a profit. It doesn't need to be a company via shares. Someone buying Tesla today in the hope that they can sell it in a few years for more money is the same as someone buying gold or Bitcoin with the same plan. That shareholder of Tesla is doing absolutely nothing that benefits the company in the meantime and the Bitcoin holder is doing nothing to benefit the use of crypto. Neither return anything to the holder or are likely too in the near future. 

[Deleted User]

tcallaghan93 said:

Mind if I ask what your financial independence number was and how you hit it?

I'd rather prefer if you mind your own business, no offense.

Prism said:

tcallaghan93 said:

Bitcoin is not an investment. If you don't understand that you need to educate yourself.
If you think bitcoin is an investment then so is art, wine, tulips, gold, oil, Golden Grahams - literally anything that can be bought and sold.
Trading something to make a profit is trading, it's a business.
Investing would be investing in a bitcoin mining computer, or buying an exchange.

Investing is any time you put your money into something in the hope that it makes a profit. It doesn't need to be a company via shares. Someone buying Tesla today in the hope that they can sell it in a few years for more money is the same as someone buying gold or Bitcoin with the same plan. That shareholder of Tesla is doing absolutely nothing that benefits the company in the meantime and the Bitcoin holder is doing nothing to benefit the use of crypto. Neither return anything to the holder or are likely too in the near future. 

Thank you. Clear and simple explanation, I share the same view.

tcallaghan93, are you getting it?

83705628

Prism said:

tcallaghan93 said:

Bitcoin is not an investment. If you don't understand that you need to educate yourself.
If you think bitcoin is an investment then so is art, wine, tulips, gold, oil, Golden Grahams - literally anything that can be bought and sold.
Trading something to make a profit is trading, it's a business.
Investing would be investing in a bitcoin mining computer, or buying an exchange.

Investing is any time you put your money into something in the hope that it makes a profit. It doesn't need to be a company via shares. Someone buying Tesla today in the hope that they can sell it in a few years for more money is the same as someone buying gold or Bitcoin with the same plan. That shareholder of Tesla is doing absolutely nothing that benefits the company in the meantime and the Bitcoin holder is doing nothing to benefit the use of crypto. Neither return anything to the holder or are likely too in the near future. 

/
That's not investing, that's speculating. Buying and selling non-productive assets is not investing but trading.

A Tesla shareholder indirectly supplied capital to Tesla via the original investor. A Bitcoin buyer is buying some that someone else is selling.
If Bitcoin why not any other cryptocurrency? Computer game real estate? EVE online Plex? Jewellery?

83705628

pioruns said:

tcallaghan93 said:

Mind if I ask what your financial independence number was and how you hit it?

I'd rather prefer if you mind your own business, no offense.

Prism said:

tcallaghan93 said:

Bitcoin is not an investment. If you don't understand that you need to educate yourself.
If you think bitcoin is an investment then so is art, wine, tulips, gold, oil, Golden Grahams - literally anything that can be bought and sold.
Trading something to make a profit is trading, it's a business.
Investing would be investing in a bitcoin mining computer, or buying an exchange.

Investing is any time you put your money into something in the hope that it makes a profit. It doesn't need to be a company via shares. Someone buying Tesla today in the hope that they can sell it in a few years for more money is the same as someone buying gold or Bitcoin with the same plan. That shareholder of Tesla is doing absolutely nothing that benefits the company in the meantime and the Bitcoin holder is doing nothing to benefit the use of crypto. Neither return anything to the holder or are likely too in the near future. 

Thank you. Clear and simple explanation, I share the same view.

tcallaghan93, are you getting it?

/
Wrong and nonsense, were getting nowhere.
All this does it convince me I'm going to do very well by avoiding all this speculative twoddle