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BITCOIN
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https://uk.finance.yahoo.com/news/swiss-city-lugano-bitcoin-tether-174342351.html
The Swiss city of Lugano is making Bitcoin legal tender.1 -
Over 7% fall in value today and I thought that the stock markets were having it bad.0
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Only traders should care about short term fluctuations..Thrugelmir said:Over 7% fall in value today and I thought that the stock markets were having it bad.0 -
Zola. said:
Only traders should care about short term fluctuations..Thrugelmir said:Over 7% fall in value today and I thought that the stock markets were having it bad.
Well, and anyone looking to actually spend their value. 7% in a year would be really bad as a loss of value for cash, in a day it would just be horrific.
I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
If you've had the asset for 5 years and you're up 3500% i dont think you'd sweat it too much.2
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Zola. said:If you've had the asset for 5 years and you're up 3500% i dont think you'd sweat it too much.
Right, but that's completely ignoring the fact that a drop of 7% in a day is not a good thing for cash, especially if you have short-term requirements to spend that cash. Suddenly all of those bills will cost 7% more.
I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Rome wasn't built in a day my friend.0
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Who cares... Find the zoom button on your chart man. Are you really posting a daily return figure on an investment forum and expecting to be taken seriously?Thrugelmir said:Over 7% fall in value today and I thought that the stock markets were having it bad.
The last 12 months have been near perfect for Bitcoin. Russia being kicked off SWIFT just made every country sit up and realise what sovereign money actually means.
Bitcoin isn't trying to be cash.Aegis said:
Right, but that's completely ignoring the fact that a drop of 7% in a day is not a good thing for cash, especially if you have short-term requirements to spend that cash. Suddenly all of those bills will cost 7% more.
And its not a short term hold. Time preference.
And your argument is dumb because you can reasonably extend it by analogy to any time period beyond a day. Extended to 2 years ago, my bills are about 90% less than they should be because Bitcoin is still up 10x since then.2 -
Gotta laugh at the posters pointing out a 7% drop in Bitcoin, seriously you need to show a bit of class.
I don't see any posts gloating about Bitcoin going up 11% this Monday, or up around 6% on Tuesday but you point out the 7% drop as if it is a terrible thing lol
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