BITCOIN

Zola.

Bitcoin Podcaster Peter McCormack takes over Bedford FC

Lofty goals for the premier league! 

https://www.bbc.co.uk/sounds/play/p0bbp53t

adindas

https://nypost.com/2021/12/10/prices-spike-6-8-percent-most-in-39-years/

The inflation figure in the US is even higher. The Inflation has now reached a 39-year high.

FED has announced they will set up a more rapid end of monthly bond buying, and expect to stop the bond buying in march next year. They will raise interest rate three times next year.

So, the inflation is not transitory but it it there to stay and even keep rising.

IMO this will hugely accerately your money losing machine by staying in bonds, savings Gilts and not willing to accomodate some level of a calculated risk.

Section62

adindas said:

https://www.ons.gov.uk/economy/inflationandpriceindices

The CPI rose by 4.6% in the 12 months to November 2021, up from 3.8% in the 12 months to October. RPI as @ November 2021 4.9%.

People are losing money day by day by not willing to accomodate a calculated risk. Investment risk correspond to the return that you get.

Locking your money for 5-10 years into the treasury bonds, savings guaranteed by Government scheme, Gilts is defenitely a making loss strategy. You will keep losing your money day by day.

"Fortune favours the Brave"

A timely reminder people shouldn't invest in things they don't understand, especially on the basis of fear/pressure applied by others (e.g. hinting that greater losses will be made if you don't do as 'advised')....

BBC Bitcoin mining report used in crypto-scam

https://www.bbc.co.uk/news/technology-59659881

....also a reminder that however 'professional' the video looks, the people behind it can be nothing more than scammers.

Although in my view, playing on people's fears as these people do would be better described as 'scummy', not just 'scammy'.

adindas

Watch Crypto expert explain the Blockchain to Congress, Dec 8, 2021. Keep in mind he is testifying it in front of a congress. Not BS bla bla that you often hear ...

https://www.youtube.com/watch?v=pSTNhBlfV_s

I will keep referring to flatearthers the dialog of the deaf to have a discussion with the people who said that the blockchain does not have value or have very little value. Who said that major cryptos are a greater fool theory e.g BTC has vey little value and the only way to make money is to sell it to another at a higher price.

Brian P. Brooks understands blockchain from multi-perspectives; not only he understands the technological side but also from banking, investing and legal side.

adindas

Section62 said:

adindas said:

https://www.ons.gov.uk/economy/inflationandpriceindices

The CPI rose by 4.6% in the 12 months to November 2021, up from 3.8% in the 12 months to October. RPI as @ November 2021 4.9%.

People are losing money day by day by not willing to accomodate a calculated risk. Investment risk correspond to the return that you get.

Locking your money for 5-10 years into the treasury bonds, savings guaranteed by Government scheme, Gilts is defenitely a making loss strategy. You will keep losing your money day by day.

"Fortune favours the Brave"

A timely reminder people shouldn't invest in things they don't understand, especially on the basis of fear/pressure applied by others (e.g. hinting that greater losses will be made if you don't do as 'advised')....

BBC Bitcoin mining report used in crypto-scam

https://www.bbc.co.uk/news/technology-59659881

....also a reminder that however 'professional' the video looks, the people behind it can be nothing more than scammers.

Although in my view, playing on people's fears as these people do would be better described as 'scummy', not just 'scammy'.

I fully agree of what you said that people shouldn't invest in things they don't understand. Also never be under pressure when come to investing your own money. If you do this and get result you are not expecting the only one you will need to blame is yourself.

You do not need to understand "fully" something before you start something. You will never fully understand something as the more you learn the more you will see how much you do not understand. Also new information keeps coming.

You will only a scammer or a scummer if you are the master mind and you gain something from the action. Scam is everywhere, not only in the crypto market but also in the stock, commodity and bond market.

There is Bitcoin but there is also Sh1coin. Up to november 2021 there are more than 10.000+ cryptos in circulation.

In the Stock Market, there is Bluechip stock but there is also OTC P&D penny stock.

In the cash ISA there is trustworthy provider such as reputable bank, there is also ISA provider such as LC&F.

Now look at the snapshot how this guy fall into the scam

"On 18 October he joined a Telegram channel called B2C Mining.

Peavsky told Chiranjeevi that if he were to send him over $160 they would mine a type of crypto-currency for 24 hours.

Twenty-four hours later, his investment was returned with interest. Chiranjeevi had made about $40. He couldn't believe how simple it was.

"It was easy money," he says.

Also just be aware some people want to look like a victim (to get compensation, for instance) where they voluntarily take part of the well known scam they already know hoping they would manage to escape early after making money and left the mess up to others. Even for ordinary people this type of scam is already well known since ages. It comes with various variations e.g advance-fee, overpayment scam, etc.

One that could leap frog one's belief is to see what reasonable number of knowledgeable, smart people who understand the things from multi perspectives of the things you are interested in, are doing. But this is not to suggest that you blindly follow them. You could learn from eveyone but when investing/trading your own money you make your own decision.

mooneysaver

https://mobile.twitter.com/_elcomisionado_/status/1472326380620632064?s=21

Section62

adindas said:

I will keep referring to flatearthers the dialog of the deaf to have a discussion with the people who said that the blockchain does not have value or have very little value.

If you really want to persist with using this offensive term (despite the offensiveness being repeatedly pointed out to you) then you should at least understand that the meaning of the phrase is that neither party to the discussion is listening to and acknowledging/understanding the other. There is fault on both sides.

So you are - in a sense - insulting yourself when you use that phrase about your conversations with others.

But could you not find some different words which are less offensive?  We are nearly into 2022... references to disabilities and afflictions as a means of criticism of others should have been history a long time ago.

Section62

adindas said:

"fully"

I don't understand why you put that word into your post using bold and quotation marks.  I didn't use that word in my post.

The gist of the article is based on the well-known concept of a little knowledge being a dangerous thing - knowing enough to get involved in crypto, but not enough to understand when you are being scammed.

The people referred to in the article didn't get scammed because they didn't "fully" understand crypto - they got scammed because they understood a bit, and listened to others telling them they could get rich quick.

adindas

Section62 said:

adindas said:

"fully"

I don't understand why you put that word into your post using bold and quotation marks.  I didn't use that word in my post.

The gist of the article is based on the well-known concept of a little knowledge being a dangerous thing - knowing enough to get involved in crypto, but not enough to understand when you are being scammed.

The people referred to in the article didn't get scammed because they didn't "fully" understand crypto - they got scammed because they understood a bit, and listened to others telling them they could get rich quick.

"On 18 October he joined a Telegram channel called B2C Mining.

Peavsky told Chiranjeevi that if he were to send him over $160 they would mine a type of crypto-currency for 24 hours.

Twenty-four hours later, his investment was returned with interest. Chiranjeevi had made about $40. He couldn't believe how simple it was.

"It was easy money," he says.

Even for ordinary people this type of scam is already well known since ages and well documented. It comes with various variations e.g. advance-fee, advance payment, overpayment scam, etc.

Also just be aware some people want to look like a victim (to get compensation, get attention for instance) where they voluntarily take part of the well known scam they already know hoping they would manage to escape early after making money and left the mess up to others.

I fully agree of what you said that people shouldn't invest in things they don't understand. But you do not need to fully understand to take action. You will never "fully"  understand an investment product. Even the well known wall street analysts, acute multi billionaires hedge fund managers have never reached that stage. That is why they got it wrong in many some occasions.  Also never be under pressure when come to investing your own money. That is why I said If you do this and get result you are not expecting the only one you will need to blame is yourself.

adindas

Section62 said:

adindas said:

I will keep referring to flatearthers the dialog of the deaf to have a discussion with the people who said that the blockchain does not have value or have very little value.

If you really want to persist with using this offensive term (despite the offensiveness being repeatedly pointed out to you) then you should at least understand that the meaning of the phrase is that neither party to the discussion is listening to and acknowledging/understanding the other. There is fault on both sides.

So you are - in a sense - insulting yourself when you use that phrase about your conversations with others.

But could you not find some different words which are less offensive?  We are nearly into 2022... references to disabilities and afflictions as a means of criticism of others should have been history a long time ago.

Nope, I am not insulting myself for saying that as I am referring to particular people. There are still people on this MSE who said BTC is a scam. There are people on this BTC said that BTC is a greater fool theory where they have no or very little value and the only way to make money is to sell it to another fool. I posted the link previously again when other people are challenging me to proof it.