BITCOIN

benbay001

I do understand crypto. I understand well enough to know its not an investment.

I also know it well enough to know that as long as its around it provides an easy way for criminals to shift money anonymously without providing any advantage to Joe Blogs who wants to buy milk from Tesco.

HansOndabush

Scottex99 said:

[Deleted User] said:

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

That's exactly what I recommend to all my friends who approach me regarding this. DCA is the way to average out this volatile asset.

https://dcabtc.com?sd=2016-04-22&sda=5_years&f=monthly&d=5_years&ac=10000&c=false

Last 5 years, £100 monthly = £6000 investement and £142000 return.

But, I buy BTC and ETH with GBP on a regular basis. I bought yesterday. I bought when BTC was $4k last year. I bought when BTC was $60k last week. I'll keep buying as the fundamentals haven't changed.

That's right; it was fundamentally worthless last week and still is today.

Scottex99

Yawn, I can sell some of mine right now and have the £ in my bank and spent within the hour.
Whether that’s a pencil or a Beamer it’s categorically worth something

Thrugelmir

Scottex99 said:

thegentleway said:

Scottex99 said:

Lol and cash isn’t used for all the worst stuff in the world? Today and every day for hundreds of years?

I don’t give af how rich or not he is or I am, it’s the insanely boring boomer attitude.

If you saw a few people giving clear examples of what they do in the crypto universe, I.e running companies or using products, making or even losing money, wouldn’t you even be the slightest bit curious and go for a little look?

Or would you fixate on oooh someone bought some coke with BTC on the internet or oooh BitConnect and OneCoin were scams.

Like I said, boring

Sorry you’re bored buddy but don’t take it out on other people.

It may be boring to you but considering how rife crypto scams are; it’s sensible to warn people against them. Some people also consider ethics in their investment decisions (or whether to pay for products or services in cash).

You also seem to be under the impression that anyone that looks into crypto will be blown away by how awesome it is and will want to investment, which isn’t the case. A lot of people don’t want the risk of picking individual stocks let alone gamble on crypto. It’s very arrogant to assume you know best. 

 All i'm doing is correcting some of the myths, mainly spread by people who are clueless and have very limited knowledge of the industry as a whole.

It might be arrogant but save a couple of people i've seen on here, I probably do. It's a niche market, it moves at ridiculous speed. 4 years in crypto is like 40 in retail banking. But whatever, when DeFi eats the banks we can come back to this and laugh.

I suspect many ultimately won't be laughing. Crypto is simply the latest in a long history of get rich quick schemes. There are no myths. There is no industry. Just a number of shrewd operators taking greedy punters to the cleaners. The long term value is the technology i.e. blocktrain. 

TheAble

Thrugelmir said:

Scottex99 said:

thegentleway said:

Scottex99 said:

Lol and cash isn’t used for all the worst stuff in the world? Today and every day for hundreds of years?

I don’t give af how rich or not he is or I am, it’s the insanely boring boomer attitude.

If you saw a few people giving clear examples of what they do in the crypto universe, I.e running companies or using products, making or even losing money, wouldn’t you even be the slightest bit curious and go for a little look?

Or would you fixate on oooh someone bought some coke with BTC on the internet or oooh BitConnect and OneCoin were scams.

Like I said, boring

Sorry you’re bored buddy but don’t take it out on other people.

It may be boring to you but considering how rife crypto scams are; it’s sensible to warn people against them. Some people also consider ethics in their investment decisions (or whether to pay for products or services in cash).

You also seem to be under the impression that anyone that looks into crypto will be blown away by how awesome it is and will want to investment, which isn’t the case. A lot of people don’t want the risk of picking individual stocks let alone gamble on crypto. It’s very arrogant to assume you know best. 

 All i'm doing is correcting some of the myths, mainly spread by people who are clueless and have very limited knowledge of the industry as a whole.

It might be arrogant but save a couple of people i've seen on here, I probably do. It's a niche market, it moves at ridiculous speed. 4 years in crypto is like 40 in retail banking. But whatever, when DeFi eats the banks we can come back to this and laugh.

The long term value is the technology i.e. blockchain. 

Well - if that

Scottex99

Thrugelmir said:

Scottex99 said:

thegentleway said:

Scottex99 said:

Lol and cash isn’t used for all the worst stuff in the world? Today and every day for hundreds of years?

I don’t give af how rich or not he is or I am, it’s the insanely boring boomer attitude.

If you saw a few people giving clear examples of what they do in the crypto universe, I.e running companies or using products, making or even losing money, wouldn’t you even be the slightest bit curious and go for a little look?

Or would you fixate on oooh someone bought some coke with BTC on the internet or oooh BitConnect and OneCoin were scams.

Like I said, boring

Sorry you’re bored buddy but don’t take it out on other people.

It may be boring to you but considering how rife crypto scams are; it’s sensible to warn people against them. Some people also consider ethics in their investment decisions (or whether to pay for products or services in cash).

You also seem to be under the impression that anyone that looks into crypto will be blown away by how awesome it is and will want to investment, which isn’t the case. A lot of people don’t want the risk of picking individual stocks let alone gamble on crypto. It’s very arrogant to assume you know best. 

 All i'm doing is correcting some of the myths, mainly spread by people who are clueless and have very limited knowledge of the industry as a whole.

It might be arrogant but save a couple of people i've seen on here, I probably do. It's a niche market, it moves at ridiculous speed. 4 years in crypto is like 40 in retail banking. But whatever, when DeFi eats the banks we can come back to this and laugh.

I suspect many ultimately won't be laughing. Crypto is simply the latest in a long history of get rich quick schemes. There are no myths. There is no industry. Just a number of shrewd operators taking greedy punters to the cleaners. The long term value is the technology i.e. blocktrain. 

Care to expand?

How about I do from my side. 

There is an industry because I work in it and my firm will easily trade over €200m this month. In fact, I traded €8.5m to USDT in one trade last week,

Yeah and it's Blockchain, nice try though

benbay001

Scottex99 said:

Lol and cash isn’t used for all the worst stuff in the world? Today and every day for hundreds of years?

I don’t give af how rich or not he is or I am, it’s the insanely boring boomer attitude.

If you saw a few people giving clear examples of what they do in the crypto universe, I.e running companies or using products, making or even losing money, wouldn’t you even be the slightest bit curious and go for a little look?

Or would you fixate on oooh someone bought some coke with BTC on the internet or oooh BitConnect and OneCoin were scams.

Like I said, boring

Cash is used for all the worst stuff in the world because its so commonplace.

Regarding being a boomer, where did this assumption come from? Im younger than you!

Scottex99

And that makes it fine then? Lolz.

Boomer attitude, nout to do with age

HansOndabush

Scottex99 said:

Yawn, I can sell some of mine right now and have the £ in my bank and spent within the hour.
Whether that’s a pencil or a Beamer it’s categorically worth something

It might be categorically worth something at the moment but not fundamentally worth something which is what you said originally. Fundamentally Bitcoin is just a hex number and worthless.

Scottex99

Nah it's hard money. Fixed supply, decentralised. Needs 51% attack on the network to change any of that which is billions and billions of USD in energy costs.

You don't have to control your own money without a centralised middle man, but I can.

Carry on claiming it's worthless if you want, your prerogative