Bitcoin exposure now possible in an ISA

aaj123

Thrugelmir said:

aaj123 said:

Seeing how sceptical some of the folks here were at the time of above thread in July 2020, I can only say they learnt a lesson to be a bit more openminded about investments.

Don't confuse naivety with open-mindedness.  

Any day, I will choose 'perceived naivety' over missing out on humongous gains.

Tragen

aaj123 said:

Any day, I will choose 'perceived naivety' over missing out on humongous gains.

And humongous losses.

aaj123

Tragen said:

aaj123 said:

Any day, I will choose 'perceived naivety' over missing out on humongous gains.

And humongous losses.

Wake me up when that happens. And don't point to temporary 80% dips because no Bitcoin holder has lost over holding periods of two or three years or more. Few understand this. 
Btw I am going to post again to this thread by end of this year about why you skeptics once again missed the boat from even this point onwards. Yeah - because BItcoin is gonna do another 5x from current price to around $300K. Am I naive ( or are Joe public clueless about Bitcoin)? We will see.

Wings_of_Ambition

Wow, this guy can predict the future.  While you're here gracing us with your presence, instead of playing around on your yacht, can I have next week's Euromillions numbers?

aaj123

Wings_of_Ambition said:

Wow, this guy can predict the future.  While you're here gracing us with your presence, instead of playing around on your yacht, can I have next week's Euromillions numbers?

Nah. You can continue believing Bitcoin is akin to Euromillions and therefore comfort yourself that you only stayed away because it was a 'gamble'. A coping strategy that could be useful. 

Wings_of_Ambition

aaj123 said:

Tragen said:

aaj123 said:

Any day, I will choose 'perceived naivety' over missing out on humongous gains.

And humongous losses.

Wake me up when that happens. And don't point to temporary 80% dips because no Bitcoin holder has lost over holding periods of two or three years or more. Few understand this. 
Btw I am going to post again to this thread by end of this year about why you skeptics once again missed the boat from even this point onwards. Yeah - because BItcoin is gonna do another 5x from current price to around $300K. Am I naive ( or are Joe public clueless about Bitcoin)? We will see.

     

md258

No one who invests early enough in a Ponzi scheme loses money either.

And, as bitcoin has a limit on the block size (number of transactions that can happen in a certain timeframe) that is nowhere near high enough to become used for all transactions, I don't think it's the future either.

5x current price might be possible, but so is 0x and I would be more upset about losing all my money in a gamble than by someone else getting rich through their gamble.

EthicsGradient

Investing in cryptocurrencies means putting all your faith in the people who control the market - that they'd be looking out to be fair to you when something crashes. They're unregulated, they hide between jurisdictions, and have lied in the past about what assets back their 'stablecoins' which they claim are pegged to the dollar (and in which 70% of bitcoin trades are made). And have been fined for it, when a regulator can catch up with them. So the chances of them being on your side when the crunch comes are about zero.

https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization
https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether
https://en.wikipedia.org/wiki/Tether_(cryptocurrency)