BITCOIN

Zola.

Scottex99 said:

Zola. said:

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

Bullish. 
Could be what's behind the little recovery from the last 5 days.. 

Except that was this time last year!

Then Elon suddenly realised that mining uses electricity and dumped them (at profit) I think.

It’s cool though, we still have Saylor

Whoops, they're still holding, wrong link... 

Scottex99

Yep I just saw another post saying they have $1.99bn in holdings, so we were both wrong haha.

Pamp anyway 

Zola.

https://twitter.com/KPMG_Canada/status/1490728332345987078?t=BK1UVVWIvq0iXblkJX2a1w&s=19

It's only KPMG, one of the biggest financial houses for auditing and conducting due diligence, buying Bitcoin.

Probs nothing. 

Scottex99

Definitely, probably nothing 

tebbins

Zola. said:

If it wasn't obvious by the block capital title, this thread is for people who are interested in talking about Bitcoin. Why participate if you've no interest, I assume you have better things to do with your time... maybe not. 

I have been, my last post was months ago.

thegentleway

Scottex99 said:

benbay001 said:

Scottex99 said:

in the last year they started listening, everyone is making good % returns now. 

Can you explain who you think they are profiting from exactly?

Another quick question, what did you do before you worked in crypto? Were you a double glazing salesman?

Eh? We have a little fund for fun. I manage it and just keep track of the progress, 200% ish up in 3 months. They have their own "coins" on Rev/eToro/CB now too.

Banking, taught English for a year.

We're getting nowhere fast with this anyway.

100 quid, BTC is closer to $100k than $10k by end of year. Loser pays winners charity..... happy to pay multiple boomer no coiners if I have to 

Did anyone take the bet?

Aegis

thegentleway said:

Scottex99 said:

benbay001 said:

Scottex99 said:

in the last year they started listening, everyone is making good % returns now. 

Can you explain who you think they are profiting from exactly?

Another quick question, what did you do before you worked in crypto? Were you a double glazing salesman?

Eh? We have a little fund for fun. I manage it and just keep track of the progress, 200% ish up in 3 months. They have their own "coins" on Rev/eToro/CB now too.

Banking, taught English for a year.

We're getting nowhere fast with this anyway.

100 quid, BTC is closer to $100k than $10k by end of year. Loser pays winners charity..... happy to pay multiple boomer no coiners if I have to 

Did anyone take the bet?

I didn't, largely because there's absolutely no telling what direction the price will move in from year to year.  I don't think the current price is rational, but as the saying goes "the market can stay irrational longer than you can stay solvent".  In other words, in the short term it can continue to perform amazingly well (the last couple of months notwithstanding), or it could drop to next to nothing.  Either scenario is equally plausible (though by no means am I suggesting that this means equal probability or expectation, just that either could happen and not be a surprise).

By the way, are you a judo fan?

Scottex99

thegentleway said:

Scottex99 said:

benbay001 said:

Scottex99 said:

in the last year they started listening, everyone is making good % returns now. 

Can you explain who you think they are profiting from exactly?

Another quick question, what did you do before you worked in crypto? Were you a double glazing salesman?

Eh? We have a little fund for fun. I manage it and just keep track of the progress, 200% ish up in 3 months. They have their own "coins" on Rev/eToro/CB now too.

Banking, taught English for a year.

We're getting nowhere fast with this anyway.

100 quid, BTC is closer to $100k than $10k by end of year. Loser pays winners charity..... happy to pay multiple boomer no coiners if I have to 

Did anyone take the bet?

Nah did they F. I’m surprised I would have lost it actually although it did hit $69k not long after.

I’m clearly bias and I’m just finishing The Bitcoin Standard (great info imo) but I was getting even more bullish as the price was dropping in recent weeks.

Central bank controlled fiat currencies are only going one way and BTC (and a few other good liquid stores of value) will pick up the pieces

thegentleway

Aegis said:

thegentleway said:

Scottex99 said:

benbay001 said:

Scottex99 said:

in the last year they started listening, everyone is making good % returns now. 

Can you explain who you think they are profiting from exactly?

Another quick question, what did you do before you worked in crypto? Were you a double glazing salesman?

Eh? We have a little fund for fun. I manage it and just keep track of the progress, 200% ish up in 3 months. They have their own "coins" on Rev/eToro/CB now too.

Banking, taught English for a year.

We're getting nowhere fast with this anyway.

100 quid, BTC is closer to $100k than $10k by end of year. Loser pays winners charity..... happy to pay multiple boomer no coiners if I have to 

Did anyone take the bet?

I didn't, largely because there's absolutely no telling what direction the price will move in from year to year.  I don't think the current price is rational, but as the saying goes "the market can stay irrational longer than you can stay solvent".  In other words, in the short term it can continue to perform amazingly well (the last couple of months notwithstanding), or it could drop to next to nothing.  Either scenario is equally plausible (though by no means am I suggesting that this means equal probability or expectation, just that either could happen and not be a surprise).

By the way, are you a judo fan?

Yes I am 😁 although I do more BJJ now. You train as well?

Aegis

thegentleway said:

Yes I am 😁 although I do more BJJ now. You train as well?

I started out in judo and moved to jujutsu, dabbling a little in eskrima and HEMA.  Due to an illness, I can't currently train, but I hope to get back to it some day.