BITCOIN

Bravepants

Oh God here we go again...another round of "My guess is better than your guess!"

Way to go pushing buttons OP.

zagfles

Malthusian said:

Imagine investing in Vanguard LifeStrategy (that is, investing in the globe's economic activity open to public investment weighted by value) and being anxious about people causing your investment to go down by upvoting posts on Internet forums.

Indeed. I only thanked it because I thought it was funny

aaj123

Section62 said:

adindas said:

Rheumatoid said:

£3 to £3.50 or therabouts

Have you heard about shorting assets. If you believe in your prediction you should be shorting BTC with 100x|+ leverage, You will become a multi millionaires by that time.

Please prove and provide evidence that you really believe in what you are saying not just talking nonsense without knowing what they are talking about. It could be like providing such as print screen showing your trading activities in the shorting side.

Curious why you aren't also asking for proof and evidence for "in the neighbourhood of $150k" etc and suggesting that could be "nonsense" as well?

Anyone who knows what they are talking about would know any figure given here today is just a guess, or as Scottex99 rightly says, "who knows".

I can sure give many reasons why 150k is a much more likely number for 2025. On the other hand the perhaps jestful 3 or 3.5 number was ludicrous and indicative of the decade and longer (and empirically repeatedly refuted) skepticism seen about crypto. Hence has the higher burden of explanation. 

zagfles

aaj123 said:

COYI123 said:

Hi everyone , just wondering everyone’s predicted prices for bitcoin by 2025

In the neighbourhood of $150k but nonetheless the poster who replied above will have a bunch of 'Thanks' against their post. 

Always interesting to check previous predications of those who attempt to predict the future

https://forums.moneysavingexpert.com/discussion/6173073/bitcoin-exposure-now-possible-in-an-isa/p2

Section62

aaj123 said:

Section62 said:

adindas said:

Rheumatoid said:

£3 to £3.50 or therabouts

Have you heard about shorting assets. If you believe in your prediction you should be shorting BTC with 100x|+ leverage, You will become a multi millionaires by that time.

Please prove and provide evidence that you really believe in what you are saying not just talking nonsense without knowing what they are talking about. It could be like providing such as print screen showing your trading activities in the shorting side.

Curious why you aren't also asking for proof and evidence for "in the neighbourhood of $150k" etc and suggesting that could be "nonsense" as well?

Anyone who knows what they are talking about would know any figure given here today is just a guess, or as Scottex99 rightly says, "who knows".

I can sure give many reasons why 150k is a much more likely number for 2025. On the other hand the perhaps jestful 3 or 3.5 number was ludicrous and indicative of the decade and longer (and empirically repeatedly refuted) skepticism seen about crypto. Hence has the higher burden of explanation. 

Is the BiB is also jestful then?

Why would one person's random guess on an internet forum about what something might be in two years time need more justification than anyone else's guess?

aaj123

zagfles said:

aaj123 said:

COYI123 said:

Hi everyone , just wondering everyone’s predicted prices for bitcoin by 2025

In the neighbourhood of $150k but nonetheless the poster who replied above will have a bunch of 'Thanks' against their post. 

Always interesting to check previous predications of those who attempt to predict the future

https://forums.moneysavingexpert.com/discussion/6173073/bitcoin-exposure-now-possible-in-an-isa/p2

Why cherry pick? Look what and when I first posted in that thread and decide whether I was in the right direction or not. 

If my suggestion had been heeded, then like me, you would have still had bitcoin exposure in your sipp and isa which is one that gives me the most certainty about my future pension value. 

But ofcourse now the FCA decided to 'protect' retail from such benefits!

Malthusian

adindas said:

Have you heard about shorting assets. If you believe in your prediction you should be shorting BTC with 100x|+ leverage, You will become a multi millionaires by that time.

"I'm going to get rich by going into that casino and putting all my savings on red."
"The casino is rigged and you're going to lose your money."
"Well if you're so sure of yourself, why don't you come with me and put all your money on black?"
Bill Ackman lost hundreds of millions of dollars shorting an honest-to-god pyramid scheme, because the market stayed irrational longer than he could stay solvent. Are you better at hedgefunding than Bill Ackmann?

aaj123

Malthusian said:

adindas said:

Have you heard about shorting assets. If you believe in your prediction you should be shorting BTC with 100x|+ leverage, You will become a multi millionaires by that time.

"I'm going to get rich by going into that casino and putting all my savings on red."
"The casino is rigged and you're going to lose your money."
"Well if you're so sure of yourself, why don't you come with me and put all your money on black?"
Bill Ackman lost hundreds of millions of dollars shorting an honest-to-god pyramid scheme, because the market stayed irrational longer than he could stay solvent. Are you better at hedgefunding than Bill Ackmann?

Ho hum... here come the casino / ponzi alluding comments again. See why we need a thread on this? To help filter out noise that posts like yours create about this investment class. 

Exodi

Malthusian said:

adindas said:

Have you heard about shorting assets. If you believe in your prediction you should be shorting BTC with 100x|+ leverage, You will become a multi millionaires by that time.

"I'm going to get rich by going into that casino and putting all my savings on red."
"The casino is rigged and you're going to lose your money."
"Well if you're so sure of yourself, why don't you come with me and put all your money on black?"
Bill Ackman lost hundreds of millions of dollars shorting an honest-to-god pyramid scheme, because the market stayed irrational longer than he could stay solvent. Are you better at hedgefunding than Bill Ackmann?

I think Bill Ackman shorting 'erbalife is an interesting comparison. As is often the case with these things, it's not a pyramid scheme until it is.

I'm sure there are other things this might apply to, but to be honest, I'm still chuckling to myself that:

Rheumatoid said:

£3 to £3.50 or thereabouts

caused more controversy in this thread than this:

aaj123 said:

In the neighbourhood of $150k but nonetheless the poster who replied above will have a bunch of 'Thanks' against their post. 

I think we're way past people sipping the Kool-Aid, some posters on this forum seem to be downing it.

aaj123 said:
bitcoin exposure in (my) sipp and isa which is one that gives me the most certainty about my future pension value. 

But ofcourse now the FCA decided to 'protect' retail from such benefits!

Big yikes.

Malthusian

aaj123 said:

Ho hum... here come the casino / ponzi alluding comments again. See why we need a thread on this? To help filter out noise that posts like yours create about this investment class. 

And how's that going?
That reminds me, I should be one of the cool kids and click "thanks" on Rheumatoid's post. Up to 8 now.