BITCOIN

Linton

Scottex99 said:

Well well well, hello chaps. It's been a while.

Only scanned the last 6 pages and no idea when I last posted or what I'm doing back but seems the discussion is still alive.

I was very much part of the BTC to $100k crew as it rose past $20k in December 21? In hindsight, rampant inflation was obvious after all the money printing but I wasn't expecting macro to be so bad and equities to tank bad too. Plus War and whatever else.

LUNA collapse was a shock to me, UST peg wasn't difficult to break but I got sucked in by the UI/UX of the Terrastation which was very slick. 

Obviously that rekt Celsius, then 3AC, recently FTX and now Genesis having problems and Huobi in trouble too. Tough times for crypto firms. We've been regulated with full asset segregation from the beginning and traded about $400m in November and December, will be looking to Series A in 12-18 months, so there are still good players out there.

Recession due 2023? I wouldn't expect the markets to recover much next year but I do expect another crypto bullrun within a couple of years and BTC to get well past $100k in the long term.

Cheers

Scott

Surely rampant inflation etc should have been good for BTC when all the sheeple panicked out of the dodgy fiat currencies into the safety offered by BTC?

bugbyte_2

Hi Scott, so glad you are alive and well.

If I was held to account for every stupid thing I had said in the past I would be in serious trouble, so I think we really should drop the £1000 thing.

Scottex99

Surely rampant inflation etc should have been good for BTC when all the sheeple panicked out of the dodgy fiat currencies into the safety offered by BTC?

Yeah I was in that camp too, kind of. 

But obviously when your equities are dumping and you're losing money everywhere you are not going to find BTC a safe haven.

BTC has never been more correlated to equities than it is now but I do think it will dislocate some time in the future 

Scottex99

Haha nice, I do remember trying to get some bets on with people, couldn't remember what the figures were.

10 people vote and I'll pay the grand to the one with the most?

TBC15

I'm in pay up.

fwor

Vote #2 from me.

The Ukranian humanitarian appeal would get my support, but I wouldn't veto any other appropriately registered charity.

jelajelavic

One more vote from me too. What about food banks in the UK (The Trussell Trust is a collective organisation that has many across the country), given the acute cost of living crisis facing many of those people who don’t have the luxury of deciding whether to invest in Bitcoin or not (or shares, savings accounts etc)

masonic

fwor said:

Vote #2 from me.

The Ukranian humanitarian appeal would get my support, but I wouldn't veto any other appropriately registered charity.

Seems like a good choice, gets my vote.

TBC15

+1 for Ukrainian humanitarian appeal

Section62

masonic said:

fwor said:

Vote #2 from me.

The Ukranian humanitarian appeal would get my support, but I wouldn't veto any other appropriately registered charity.

Seems like a good choice, gets my vote.

Same for me.