BITCOIN

boingy

Scottex99 said:

boingy said:

Comparing Bitcoin with shares is not a sensible approach.
You should compare Bitcoin with other, more traditional, currencies. People invest in Dollars, Pounds and Euros. Just like Bitcoin, none of those things are real.

Anyhow, I'm just glad to get my Bitcoin money back. Too volatile for my liking.

I don't know why crypto triggers such strong responses in people. 

Good for you, everyone is here to try to make money from their investments.

It creates such strong responses because it’s nascent, the White Paper for Bitcoin is 15 years old.

Typically older people don’t trust it as they can’t understand it and younger people see it as a type of digital gold: store of value, democratised hardest form of money that cannot be inflated away like fiat money can (and has).

We all know big bankers can’t be trusted to look after the average person, the same as the majority of politicians. Jamie Dimon just came out this week saying he hates Bitcoin and no doubt gave some Terrorist Financing, Money Laundering reason for it, ironic given what his bank has paid in fines for doing the exact same thing.

It is very volatile and speculative, I personally find it fun.

If you want to hold bonds or very low risk funds, then go ahead. If you want to throw £500 at some super risky altcoin then do that too. We all know to max out our ISAs, invest in sensible baskets of stocks that return 10-12% per year and over decades we can retire comfortably - but

A lot of young people today don’t have that choice and they are looking for alternatives. If there is some great reset coming in whatever form, crypto MAY be a way to front run it.

Scott, I find that quite an aggressive response to what was a very neutral post. So I've put you on ignore. 

zagfles

Scottex99 said:

Hexane said:

But Scott, for those of us that found this interesting, it's all a bit quiet. What should we do now? Keep searching dead threads like this one? Or do I need to sign up to "podcasts and newsletters" to follow what you guys are up to?

tbh I've just sunk another 10K in an HSBC fund.

Yeah I don’t mind keeping it going, just can’t be bothered with all the arguments like last time.

Even though I’ve worked in Crypto since 2018, the bear markets are boring and I tend to cut out the newsletters and podcasts, but I’m back in them now, haha.

It’s pretty interesting to see the psychology.

”oh it’s dead, it’s going to 0”
”wait a sec it’s come back a bit”
”it’s doing pretty well now”
”I can’t believe I didn’t buy loads at the bottom, please will it go down in price so I can buy more”

Yeah really interesting psychology, here's another, although it probably doesn't fit the narrative

https://forums.moneysavingexpert.com/discussion/comment/78167059/#Comment_78167059

Strange, I never feel the need to do or say anything like that with any of my investments, or potential investments, regardless how well or badly they've done. Why don't other investments have the same psychology I wonder.

Scottex99

Lol, my point exactly with forums, especially this one.

No aggression intended and I wasn’t being sarcastic either when I said that I was glad you broke even 

zagfles

boingy said:

Comparing Bitcoin with shares is not a sensible approach.
You should compare Bitcoin with other, more traditional, currencies. People invest in Dollars, Pounds and Euros. Just like Bitcoin, none of those things are real.

Anyhow, I'm just glad to get my Bitcoin money back. Too volatile for my liking.

I don't know why crypto triggers such strong responses in people. 

I'm sure you do really!

Scottex99

zagfles said:

Scottex99 said:

Hexane said:

But Scott, for those of us that found this interesting, it's all a bit quiet. What should we do now? Keep searching dead threads like this one? Or do I need to sign up to "podcasts and newsletters" to follow what you guys are up to?

tbh I've just sunk another 10K in an HSBC fund.

Yeah I don’t mind keeping it going, just can’t be bothered with all the arguments like last time.

Even though I’ve worked in Crypto since 2018, the bear markets are boring and I tend to cut out the newsletters and podcasts, but I’m back in them now, haha.

It’s pretty interesting to see the psychology.

”oh it’s dead, it’s going to 0”
”wait a sec it’s come back a bit”
”it’s doing pretty well now”
”I can’t believe I didn’t buy loads at the bottom, please will it go down in price so I can buy more”

Yeah really interesting psychology, here's another, although it probably doesn't fit the narrative

https://forums.moneysavingexpert.com/discussion/comment/78167059/#Comment_78167059

Strange, I never feel the need to do or say anything like that with any of my investments, or potential investments, regardless how well or badly they've done. Why don't other investments have the same psychology I wonder.

It’s a forum to talk about investments, some might have strong opinions, incorrect or not.

It’s cyclical in nature, just the stock market but on a shorter timeframe. 2017, 2021 and soon to be a likely bullrun in 2025 - due to the 4 year halvening events. All you can do is try to learn more from each one.

People also tend to gloat or brag if they are in the minority of being right on something speculative. I’ll try to keep mine to a minimum when BTC rips next year 😉

zagfles

Scottex99 said:

zagfles said:

Scottex99 said:

Hexane said:

But Scott, for those of us that found this interesting, it's all a bit quiet. What should we do now? Keep searching dead threads like this one? Or do I need to sign up to "podcasts and newsletters" to follow what you guys are up to?

tbh I've just sunk another 10K in an HSBC fund.

Yeah I don’t mind keeping it going, just can’t be bothered with all the arguments like last time.

Even though I’ve worked in Crypto since 2018, the bear markets are boring and I tend to cut out the newsletters and podcasts, but I’m back in them now, haha.

It’s pretty interesting to see the psychology.

”oh it’s dead, it’s going to 0”
”wait a sec it’s come back a bit”
”it’s doing pretty well now”
”I can’t believe I didn’t buy loads at the bottom, please will it go down in price so I can buy more”

Yeah really interesting psychology, here's another, although it probably doesn't fit the narrative

https://forums.moneysavingexpert.com/discussion/comment/78167059/#Comment_78167059

Strange, I never feel the need to do or say anything like that with any of my investments, or potential investments, regardless how well or badly they've done. Why don't other investments have the same psychology I wonder.

It’s a forum to talk about investments, some might have strong opinions, incorrect or not.

It’s cyclical in nature, just the stock market but on a shorter timeframe. 2017, 2021 and soon to be a likely bullrun in 2025 - due to the 4 year halvening events. All you can do is try to learn more from each one.

People also tend to gloat or brag if they are in the minority of being right on something speculative. I’ll try to keep mine to a minimum when BTC rips next year 😉

I've done well on speculative stuff, also done badly on others, but I never feel the need to gloat, brag, or even cry about any of it. I never feel the need to make predictions about my investments on internet forums either. Somehow bitcoin is different. Very strange that.

I also never feel I've missed out if a speculative investment which I turn down does really well. Any more than if a mate wins a 50-1 shot on the horses. They took a gamble, they won, good for them. I wasn't prepared to take the gamble. I never feel I've lost out because I didn't do the same.

Good luck to everyone, whatever you're investing in. But beware of anyone who makes any predictions about anything unpredictable. Particularly using carefully selected statistical information. Just google a graph, then you see the level of volatility and risk, and then you may start to question why social media is full of people who only want to give one side of the story...

Qyburn

boingy said:

Comparing Bitcoin with shares is not a sensible approach.
You should compare Bitcoin with other, more traditional, currencies. People invest in Dollars, Pounds and Euros. Just like Bitcoin, none of those things are real. 

I don't see how Bitcoin can be both a currency and an investment. To be a currency it needs a stable and predictable value.

mooneysaver

zagfles said:

Scottex99 said:

zagfles said:

Scottex99 said:

Hexane said:

But Scott, for those of us that found this interesting, it's all a bit quiet. What should we do now? Keep searching dead threads like this one? Or do I need to sign up to "podcasts and newsletters" to follow what you guys are up to?

tbh I've just sunk another 10K in an HSBC fund.

Yeah I don’t mind keeping it going, just can’t be bothered with all the arguments like last time.

Even though I’ve worked in Crypto since 2018, the bear markets are boring and I tend to cut out the newsletters and podcasts, but I’m back in them now, haha.

It’s pretty interesting to see the psychology.

”oh it’s dead, it’s going to 0”
”wait a sec it’s come back a bit”
”it’s doing pretty well now”
”I can’t believe I didn’t buy loads at the bottom, please will it go down in price so I can buy more”

Yeah really interesting psychology, here's another, although it probably doesn't fit the narrative

https://forums.moneysavingexpert.com/discussion/comment/78167059/#Comment_78167059

Strange, I never feel the need to do or say anything like that with any of my investments, or potential investments, regardless how well or badly they've done. Why don't other investments have the same psychology I wonder.

It’s a forum to talk about investments, some might have strong opinions, incorrect or not.

It’s cyclical in nature, just the stock market but on a shorter timeframe. 2017, 2021 and soon to be a likely bullrun in 2025 - due to the 4 year halvening events. All you can do is try to learn more from each one.

People also tend to gloat or brag if they are in the minority of being right on something speculative. I’ll try to keep mine to a minimum when BTC rips next year 😉

I've done well on speculative stuff, also done badly on others, but I never feel the need to gloat, brag, or even cry about any of it. I never feel the need to make predictions about my investments on internet forums either. Somehow bitcoin is different. Very strange that.

I also never feel I've missed out if a speculative investment which I turn down does really well. Any more than if a mate wins a 50-1 shot on the horses. They took a gamble, they won, good for them. I wasn't prepared to take the gamble. I never feel I've lost out because I didn't do the same.

Good luck to everyone, whatever you're investing in. But beware of anyone who makes any predictions about anything unpredictable. Particularly using carefully selected statistical information. Just google a graph, then you see the level of volatility and risk, and then you may start to question why social media is full of people who only want to give one side of the story...

Not really a bet on the horses when as Scott has explained anyone investing now is guaranteed to make money come 2025 due to the halvening

zagfles

mooneysaver said:

zagfles said:

Scottex99 said:

zagfles said:

Scottex99 said:

Hexane said:

But Scott, for those of us that found this interesting, it's all a bit quiet. What should we do now? Keep searching dead threads like this one? Or do I need to sign up to "podcasts and newsletters" to follow what you guys are up to?

tbh I've just sunk another 10K in an HSBC fund.

Yeah I don’t mind keeping it going, just can’t be bothered with all the arguments like last time.

Even though I’ve worked in Crypto since 2018, the bear markets are boring and I tend to cut out the newsletters and podcasts, but I’m back in them now, haha.

It’s pretty interesting to see the psychology.

”oh it’s dead, it’s going to 0”
”wait a sec it’s come back a bit”
”it’s doing pretty well now”
”I can’t believe I didn’t buy loads at the bottom, please will it go down in price so I can buy more”

Yeah really interesting psychology, here's another, although it probably doesn't fit the narrative

https://forums.moneysavingexpert.com/discussion/comment/78167059/#Comment_78167059

Strange, I never feel the need to do or say anything like that with any of my investments, or potential investments, regardless how well or badly they've done. Why don't other investments have the same psychology I wonder.

It’s a forum to talk about investments, some might have strong opinions, incorrect or not.

It’s cyclical in nature, just the stock market but on a shorter timeframe. 2017, 2021 and soon to be a likely bullrun in 2025 - due to the 4 year halvening events. All you can do is try to learn more from each one.

People also tend to gloat or brag if they are in the minority of being right on something speculative. I’ll try to keep mine to a minimum when BTC rips next year 😉

I've done well on speculative stuff, also done badly on others, but I never feel the need to gloat, brag, or even cry about any of it. I never feel the need to make predictions about my investments on internet forums either. Somehow bitcoin is different. Very strange that.

I also never feel I've missed out if a speculative investment which I turn down does really well. Any more than if a mate wins a 50-1 shot on the horses. They took a gamble, they won, good for them. I wasn't prepared to take the gamble. I never feel I've lost out because I didn't do the same.

Good luck to everyone, whatever you're investing in. But beware of anyone who makes any predictions about anything unpredictable. Particularly using carefully selected statistical information. Just google a graph, then you see the level of volatility and risk, and then you may start to question why social media is full of people who only want to give one side of the story...

Not really a bet on the horses when as Scott has explained anyone investing now is guaranteed to make money come 2025 due to the halvening

 

OK I'm sure you're taking the p, but just in case not, or anyone else reading doesn't understand basic market fundamentals...

Any known future event will already be priced into the current market price. If the market knows or even anticipates a future event which is likely to increase price or demand, the price will have already risen to account for it. 

So no, there is no guarantee whatsoever. Unless you know something that no-one else does.

Scottex99

Haha, not sure if you're winding me up or not. No guarantees in investing ofc.

ETFs coming, Halvening coming. Institutional money and then retail, COULD mean a big bullrun into 2025.

Some of it will be priced in already and macro landscape looks weird, recession coming in the US... Good for BTC? Not quite sure at the moment