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BITCOIN

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Comments

  • Prism
    Prism Posts: 3,858 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Prism said:
    I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.
    Squid being the latest craze. 
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 29 October 2021 at 5:51PM
    Prism said:
    I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.
    A limit order in and around 10-15% off spot price will allow you to get a bit of a deal, it will wick down and up again and vice versa. 

    You can also refer to the greed and fear index to get an idea when its overheated, although its usually pretty obvious....you can also see how much live-action there is in the mempool as well as this page 
  • Adyinvestment
    Adyinvestment Posts: 371 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Prism said:
    I have a bit of experimental cash in crypto. Not having any other method of valuing BTC or ETH I use this thread, and a couple of FB groups as a measure of if to top up. A couple of posts a week and its a good time to add some cash. Multiple posts a day tend to suggest its near a peak. I find it amazing how crypto sucks in the crowds due to FOMO.
    It's quite funny but I have noticed something similar, the more the price goes up the more it's talked about and also the more the naysayers argue against it, this is turn leads to more and more posts and I would imagine more people curious as to what all the fuss is about.

    Bitcoin - self perpetuating  :D
  • RolandFlagg
    RolandFlagg Posts: 179 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    This is what Bitcoin is doing for people outside of the first world.

    From Reddit:

    "Bitcoin and lightning have just done something fiat couldn’t for me

    My mom flown all the way from Asia to Europe to see me this morning. She has a prepaid phone with some money in it. All the money got burned the moment she landed because she forgot to turn off data roaming.

    She couldn’t recharge the phone as she’s super low tech and now in a foreign country. Luckily, a fellow traveler texted me to let me know she couldn’t contact me at all, not even receiving international calls because the phone is out of cash for roaming.

    I went onto bitrefill, chose Vietnam, her mobile provider, input her phone number and recharged her phone with 40k satoshi using Muun wallet. All within 2 minutes. I couldn’t have done this with my credit card because the Asian service provider wouldn’t have accepted my European credit card. I didn’t want to jump through their KYC hoops either. Didn’t have to with bitrefill.

    Thank you Bitcoin and lightning developers and community for making communication possible for me and my mom today!

    Bitcoin is for global citizens"

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    RolandFlagg said:
    This is what Bitcoin is doing for people outside of the first world.

    From Reddit:

    "Bitcoin and lightning have just done something fiat couldn’t for me

    My mom flown all the way from Asia to Europe to see me this morning. She has a prepaid phone with some money in it. All the money got burned the moment she landed because she forgot to turn off data roaming.

    She couldn’t recharge the phone as she’s super low tech and now in a foreign country. Luckily, a fellow traveler texted me to let me know she couldn’t contact me at all, not even receiving international calls because the phone is out of cash for roaming.

    I went onto bitrefill, chose Vietnam, her mobile provider, input her phone number and recharged her phone with 40k satoshi using Muun wallet. All within 2 minutes. I couldn’t have done this with my credit card because the Asian service provider wouldn’t have accepted my European credit card. I didn’t want to jump through their KYC hoops either. Didn’t have to with bitrefill.

    Thank you Bitcoin and lightning developers and community for making communication possible for me and my mom today!

    Bitcoin is for global citizens"

    Wow that's impressive. How did we use to cope in such situations? 
  • Section62
    Section62 Posts: 10,774 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    RolandFlagg said:
    This is what Bitcoin is doing for people outside of the first world.

    From Reddit:

    "Bitcoin and lightning have just done something fiat couldn’t for me

    My mom flown all the way from Asia to Europe to see me this morning. She has a prepaid phone with some money in it. All the money got burned the moment she landed because she forgot to turn off data roaming.

    She couldn’t recharge the phone as she’s super low tech and now in a foreign country. Luckily, a fellow traveler texted me to let me know she couldn’t contact me at all, not even receiving international calls because the phone is out of cash for roaming.

    I went onto bitrefill, chose Vietnam, her mobile provider, input her phone number and recharged her phone with 40k satoshi using Muun wallet. All within 2 minutes. I couldn’t have done this with my credit card because the Asian service provider wouldn’t have accepted my European credit card. I didn’t want to jump through their KYC hoops either. Didn’t have to with bitrefill.

    Thank you Bitcoin and lightning developers and community for making communication possible for me and my mom today!

    Bitcoin is for global citizens"


    The "mom" flew from Asia to Europe without the means to pay for anything herself - not even for a coffee in the airport?  Wow!

    Definitely a problem there.

    Although extremely contrived to suggest that Bitcoin was the only possible solution to that problem.


    And which of Vietnam or the European country are regarded as "outside of the first world"?
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 31 October 2021 at 6:31AM
    RolandFlagg said:

    Matt Damon does a one minute ad for Crypto.com under the title "Fortune favours the Brave" (Which has always been my thoughts with investing).
    https://www.youtube.com/watch?v=9hBC5TVdYT8&ab_channel=CryptoCom

    I love that ancient roman's proverbs


    I plot (Coca Cola, IBM) & (Bitcoin, Tesla) over more than five years. Did you notice you cannot even see the line graph of Coca Cola, IBM if you plot it together with Tesla, Bitcoin.

    No-one sensible will take unnecessary risk for nothing.

    The discussions have been around for a few hundred years. But there are still people outthere who believe that the earth is flat.

  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 30 October 2021 at 6:27PM
    Tesla has already made $1BN from their bitcoin investment and they only bought it a year ago.

    Soon the S&P 500 will be littered with companies adding it to their balance sheet, because its just so worthless. ;)

    Apple's founder gets it, mostly
    https://www.nasdaq.com/articles/bitcoin-is-mathematical-purity-says-apple-co-founder-steve-wozniak-2021-10-29

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