BITCOIN

Zola.

I like his stance on Twitter though, its almost unusable from all the spam bots.. Twitter are clearly lying by not disclosing the data around the true amount of bots, its a lot more than 5% that they claim. 

Reaper

Zola. said:

I like his stance on Twitter though, its almost unusable from all the spam bots.. Twitter are clearly lying by not disclosing the data around the true amount of bots, its a lot more than 5% that they claim. 

I have less sympathy for him. He was in such a rush to buy twitter that most unusually he waived his right for due diligence. Then when the markets dropped (particularly tech stocks) and his bid looked somewhere between pricey and unaffordable he starts whinging that he isn't being helped with a due diligence issue.

I have no idea whether the percentage of spam accounts is accurate or not but it gives him no grounds to walk away from the deal. He is dangerously impulsive and both the Bitcoin and Twitter issues will hurt him financially.

Zola.

https://www.bbc.co.uk/news/uk-england-oxfordshire-62399371.amp

mooneysaver

2012: "No one uses it"

2013: "Only criminals use it"

2015: "Only nerds use it"

2017: "Only speculators use it"

2019: "Only a small % of the world uses it"

2020: "Only small companies use it"

2021: "Only small countries use it"
2022: "Only non-league football teams use it"

Cus

After the last few minutes months has it shook you Zola our are you still committed?  

What kind of events need to happen for you to cut losses?
Comment: This is not a dig, I'd like to know what a pro bitcoin investor thinks?

Zola.

Cus said:

After the last few minutes months has it shook you Zola our are you still committed?  

What kind of events need to happen for you to cut losses?
Comment: This is not a dig, I'd like to know what a pro bitcoin investor thinks?

Not at all. I am not aiming to trade Bitcoin on a very short term basis, so my time horizon is far out. I am also adding to my stack when the prices are low (as well as continuing to buy index funds etc).

What events would need to happen to cut losses? It would have to be something utterly devastating, like a serious bug in the code, or some other catastrophic self inflected wound.

Everything else is just speculation and noise. 

Linton

Zola. said:

Cus said:

After the last few minutes months has it shook you Zola our are you still committed?  

What kind of events need to happen for you to cut losses?
Comment: This is not a dig, I'd like to know what a pro bitcoin investor thinks?

Not at all. I am not aiming to trade Bitcoin on a very short term basis, so my time horizon is far out. I am also adding to my stack when the prices are low (as well as continuing to buy index funds etc).

What events would need to happen to cut losses? It would have to be something utterly devastating, like a serious bug in the code, or some other catastrophic self inflected wound.

Everything else is just speculation and noise. 

Are prices for Bitcoin low at the moment?  What analysis tells you that?

Bitcoin has dropped by more than 40%  (in USD) in the past year.  Why could it not drop by 40% in the next year?

Aegis

Linton said:

Zola. said:

Cus said:

After the last few minutes months has it shook you Zola our are you still committed?  

What kind of events need to happen for you to cut losses?
Comment: This is not a dig, I'd like to know what a pro bitcoin investor thinks?

Not at all. I am not aiming to trade Bitcoin on a very short term basis, so my time horizon is far out. I am also adding to my stack when the prices are low (as well as continuing to buy index funds etc).

What events would need to happen to cut losses? It would have to be something utterly devastating, like a serious bug in the code, or some other catastrophic self inflected wound.

Everything else is just speculation and noise. 

Are prices for Bitcoin low at the moment?  What analysis tells you that?

Bitcoin has dropped by more than 40%  (in USD) in the past year.  Why could it not drop by 40% in the next year?

This is exactly the question I keep coming back to - how do you determine fair value so that you know whether short term movements are buying opportunities?  The answer usually seems to be "long term trend", which in my view simply doesn't adequately answer the question of where value comes from.

Malthusian

Just checked Oxford City FC's website to see how many Bitcoin a ticket costs. Surprise surprise, all their prices are quoted in GBP.

They are not accepting Bitcoin, they have a tie-in with a company that will convert your Bitcoin to fiat for a fee, so you can pay Oxford City FC fiat for football tickets.

The "lOOk at this random small business that is accepting fiat currency that has recently been converted from Bitcoin!" pitch was already old and tired in 2017.

But let's focus on the positives: £10 a match is very reasonable (even if it's Conference South), which is good news for bros who are struggling to afford their usual Football League season ticket after their savings dumped 60%.

Section62

Malthusian said:

They are not accepting Bitcoin, they have a tie-in with a company that will convert your Bitcoin to fiat for a fee, so you can pay Oxford City FC fiat for football tickets.

The same company being their recently announced shirt-back sponsor.

So a bit like announcing the catering outlets will be selling ACME pies (alongside other savoury food), at the same time as announcing the ACME Pie & Sausage Roll Company Ltd as a kit sponsor.  In some respects a commercial expediency, not an article of faith in the quality and value of the pies.