BITCOIN

adindas

Hexane said:

adindas said:

Hexane said:

adindas said:

HHarry said:

adindas said:

Malthusian said:

Thank you for confirming the only way to make money from Bitcoin is to sell it to someone else for a higher price than you bought it (aka Greater Fool Theory). Or to put it another way, from somebody else losing money.

For comparison, if someone asked me "How can I make money from shares without someone else losing money", the answer would take one paragraph.

If you are refering to me, no I am not confirming The greater fool theory applies to BTC. In fact it is just the opposite. Re-Read all my posts.

I’ve read them all.  Basically “Bitcoin is great because some wealthy Tech people have bought it”

Anyone who asks how they are going to make money from it are fed a semi-offensive response.

Could it be that the wealthy Tech people will make their money by selling it on to some other punter at a higher price?  But they can influence small changes in the price  (Elon Musk) in a way that a normal punter can’t, and a small increase can mean fat £££ with a large enough holding.

ReRead ALL my posts,

Done! Especially the one from 1st December 2021 which you finished by saying "In the past I will need to search evidence although it took me sometime to find it but it is much better than you are called a liar."

I read that one a couple of times, just to be sure.

Quite a few of your posts seemed to be demanding information on how to use debit cards to pay into savings accounts. Some pretty sophisticated investing going on there.

Now do not go away :

Wouldn't dream of it!

adindas said:

Please list all of the videos and information I have posted in this thread

Well now steady on my good chap, let's not get carried away here 

As I already explained before The previous response I am responding to query regarding whether BTC is "The greater fool theory.”

All of that information is in this thread. So do you want to admit that you are lying when you said Done! (e.g you have read all of my posts).

bugbyte_2

adindas, have a word with Matt Damon will you?

You have never proven that Bitcoin or any token / coin can make money outside of you buy it for x and sell it for y. Everyone else thinks thats OK and quite a historically good way of making money apart from you.

You repeatedly get mixed up with the underlying tech and the tokens themselves - owning a token or coin does not mean you own the tech. If the tech is used for something else - for example keeping registers of ownership or to underlie a new state digital currency you are not going to get one bean owning a coin that also uses that tech. Either you do not understand this, or do not want to admit it. Perhaps another poster could support your point? 

adindas

bugbyte_2 said:

adindas, have a word with Matt Damon will you?

You have never proven that Bitcoin or any token / coin can make money outside of you buy it for x and sell it for y. Everyone else thinks thats OK and quite a historically good way of making money apart from you.

You repeatedly get mixed up with the underlying tech and the tokens themselves - owning a token or coin does not mean you own the tech. If the tech is used for something else - for example keeping registers of ownership or to underlie a new state digital currency you are not going to get one bean owning a coin that also uses that tech. Either you do not understand this, or do not want to admit it. Perhaps another poster could support your point? 

Nope. Because I know Matt Damon not an expert on this area. But I like the message when he is posing for the advertisement for cryoto.com "Fortune favours the brave"

And would you please remind me when I ever said that "owning a token or coin mean you own the tech" !!

We have gone through BTC, Alt coins and blockchain this many times have not we? And the discussion has turned out to be the dialogue of the deaf.

We both are not expert on these areas, neither people on this MSE. For that reason, I agree we should not be listening to  random people especialy here on MSE which are not a crypto discussion forum.

You make you own conclusion and other people and I made my own conclusion based on our own DDs. Both of us could be wrong for sure.

But the best way to approach to this not ask Matt Damon but to ask the expert who understand from multi perspective, the people like Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks, Don Tapscott, etc. If you are lucky, you might get answered from them. I know they do response some questions on their social media.

HHarry

adindas said:

But the best way to approach to this not ask Matt Damon but to ask the expert who understand from multi-dimensional, the people like Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks. If you are lucky, you might get answered form them. I know they do response some questions on their social media.

And I continue to disagree that engaging with those people is the best place for expert advice.

If you’ve got multiple billions of $/£ then sticking a few million in BTC for fun means nothing. If it goes bust it’ll have no material effect on their wealth.  If it goes to the moon they’ll have made a few quid and can crow about how they made the right call.

It’s just another example of how the seriously rich can splash their wealth around for entertainment - it doesn’t make them experts.

adindas

HHarry said:

adindas said:

But the best way to approach to this not ask Matt Damon but to ask the expert who understand from multi-dimensional, the people like Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks. If you are lucky, you might get answered form them. I know they do response some questions on their social media.

And I continue to disagree that engaging with those people is the best place for expert advice.

If you’ve got multiple billions of $/£ then sticking a few million in BTC for fun means nothing. If it goes bust it’ll have no material effect on their wealth.  If it goes to the moon they’ll have made a few quid and can crow about how they made the right call.

It’s just another example of how the seriously rich can splash their wealth around for entertainment - it doesn’t make them experts.

I fully agree that the billioniares who have got multiple billions of $/£ then sticking a few million in BTC for fun means nothing in financial term for them.

But you will need to find out who Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks are. As I said previously these people are not just multi billionaires but also understand the detail aspect of the technologies behind it. I posted the link to videos previously when they air the B-Word Conference. And you will need to find out how the crypto community see the B-Word Conference. Also, I posted the videos where Brian P. Brooks testifying as a blockchain expert before the US congress.

For the same reason I will quote Warren Buffet or Charlie Munger when talking about fundamental of investment, especially in the area of value investing. But I do not really listen when they are talking about BTC, alt coins as there is no evidence (such as engage in the conference, debate, writing books) that they have good knowledge in this area.

Section62

adindas said:

But you will need to find out who Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks are. As I said previously these people are not just multi billionaires but also understand the detail aspect of the technologies behind it.

Genuine question.... do you also believe when Elon Musk tweets about the latest SpaceX mission he "understands the details aspects of the technologies behind it" and could knock out all the flight physics calculations himself?

How do you gauge the detailed understanding anyone has on any subject when all you've got to go on is (social) media comments they've made?

lozzy1965

adindas said:

Hexane said:

adindas said:

ReRead ALL my posts,

Done! Especially the one from 1st December 2021 which you finished by saying "In the past I will need to search evidence although it took me sometime to find it but it is much better than you are called a liar."

I read that one a couple of times, just to be sure.

Quite a few of your posts seemed to be demanding information on how to use debit cards to pay into savings accounts. Some pretty sophisticated investing going on there.

Are you sure you have read ALL of my posts, have you done that? And why just from December 1??

Regarding your comment “Quite a few of your posts seemed to be demanding information on how to use debit cards to pay into savings accounts. Some pretty sophisticated investing going on there”. Indeed, I did ask that question. Are you aware how the people on this MSE are using such information to play the game ?? The simplest way to find out that information is to ask people who have tried it as you will not be able to test all of the saving accounts before opening those accounts. That is one of the reason why we are all here, aren't we ?. FYI, I and other people on this MSE have made a few thousands free money from similar bank account, saving as well as Investment game. Keep staying in your compound critisizing people and just watching people making free money playing the game. Also just watching people beating the market while some people keep losing money from high inflation in saving accounts.

The previous response I am responding regarding whether BTC is "The greater fool theory.” In response to “Malthusian” and “HHarry” Now do not go away :

Find out what the Blockchain could do. I and other people have posted numerous amounts of videos adn information from authoritative sources as it seems that explanation from random people from the internet here has turned to become the dialogue of the deaf.

Please list all of the videos and information I have posted in this thread to proof it you have done that.

Person A:  Re-read all my posts on this subject.
Person H:  Ok I've done that.
Person A:  I don't believe you, prove it by reposting links from them.

Seriously????

mooneysaver

But the best way to approach to this not ask Matt Damon but to ask the expert who understand from multi perspective, the people like Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks, Don Tapscott, etc. If you are lucky, you might get answered from them. I know they do response some questions on their social media.

Lol, nice list of independent experts you've got there. After that shall we ask Jeff Bezos if we should invest in Amazon?

adindas

mooneysaver said:

But the best way to approach to this not ask Matt Damon but to ask the expert who understand from multi perspective, the people like Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks, Don Tapscott, etc. If you are lucky, you might get answered from them. I know they do response some questions on their social media.

Lol, nice list of independent experts you've got there. After that shall we ask Jeff Bezos if we should invest in Amazon?

Nope. Jeff Bezos is the major share holder of Amazon so there is conflict of interest here. Could you not see the obvious ?? If not then you might also fall into the obvious scam that has been posted here before.

Section62

adindas said:

mooneysaver said:

But the best way to approach to this not ask Matt Damon but to ask the expert who understand from multi perspective, the people like Michael Saylor, Jack Dorsey, Elon Musk or Brian P. Brooks, Don Tapscott, etc. If you are lucky, you might get answered from them. I know they do response some questions on their social media.

Lol, nice list of independent experts you've got there. After that shall we ask Jeff Bezos if we should invest in Amazon?

Nope. Jeff Bezos is the major stake holder of Amazon so there is conclict of interest here. Could you not see the obvious ?? If not then you might also fall into the scam that has been posted here before.

By the same token, anyone (heavily) invested in Bitcoin/Crypto has a conflict of interest.

Are you suggesting it is 'obvious' we should ignore all people who are (or suspected) of holding Crypto?

If so, that kind of kills this thread stone dead.