BITCOIN

Solider

I think that now bitcoin can reach a price of one hundred thousand, but it can also fall to 20-30 thousand . This is a very risky time for everyone who owns bitcoin. Ethereum I think is the best cryptocurrency option for investing.

David713

Solider said:

I think that now bitcoin can reach a price of one hundred thousand, but it can also fall to 20-30 thousand . 

If a lot of people lost confidence in it and decided to sell at around the same time, it could fall to well below £20k to £30k.

MaxiRobriguez

Solider said:

I think that now bitcoin can reach a price of one hundred thousand, but it can also fall to 20-30 thousand . This is a very risky time for everyone who owns bitcoin. Ethereum I think is the best cryptocurrency option for investing.

It could be one trillion, or zero.

No one has any idea. 

Anyone taking a position in bitcoin is gambling. There is nothing inherently wrong with taking a bitcoin position if those who do so know the risk they are taking and that position is a small part of a wider investment portfolio.

Anyone taking a majority position in bitcoin, or cryptocurrency, is an absolute idiot. That idiot may make money, but they are still an idiot. 

IvanOpinion

This year I will be focussing on ethical and environmental investments - so bitcon is out.

whatstheplan

MaxiRobriguez said:

Solider said:

I think that now bitcoin can reach a price of one hundred thousand, but it can also fall to 20-30 thousand . This is a very risky time for everyone who owns bitcoin. Ethereum I think is the best cryptocurrency option for investing.

It could be one trillion, or zero.

No one has any idea. 

Anyone taking a position in bitcoin is gambling. There is nothing inherently wrong with taking a bitcoin position if those who do so know the risk they are taking and that position is a small part of a wider investment portfolio.

Anyone taking a majority position in bitcoin, or cryptocurrency, is an absolute idiot. That idiot may make money, but they are still an idiot. 

I admit I wish I'd invested/gambled back in 2017 when I considered doing so.  Rightly or wrongly I wouldn't put anything in at present, however if it drops to £20k and hovers around there or starts to creep up, I might put £5k in at that point as a punt.

I know it's all hindsight, 20/20 vision etc, however it amuses me to think I bought a small BTL in 2015, putting down a £15k deposit or thereabouts.  If I'd bought BTC instead, it would now be worth around £3.5 million!

Malthusian

IvanOpinion said:

This year I will be focussing on ethical and environmental investments - so bitcon is out.

That's rather short-sighted, bro. When Bitcoin makes everyone rich, no-one will need to do environmentally damaging jobs like mining or steelworking because they can just live off their perpetually rising Bitcoin. When Bitcoin has made everyone rich, everyone will be able to afford high quality plant-based food which will greatly reduce the demand for meat. And everyone will drive a Tesla.

We're in a climate emergency. The planet is going to melt by 2030 if we don't do something, and that something is to buy Bitcoin.

Blockchain!

User232002

Buying Bitcoin will probably be the best investment of your life. Most people saying that Bitcoin isnt an investment and that it is gambling have very little idea why BTC is valuable. Look around, its not conspiracy theorists and rednecks buying Bitcoin, its rocket scientists, CEO's, institutions and computer programmers/STEM graduates. These guys know the way the world is going. JP Morgan in 2017 said BTC is a ponzi, in 2021 they are advising their clients to put a % of their portfolio in it and predicting prices in the $140k range. Citigroup threw out a $300k+ price prediction. These aren't idiots - they are the institutions you trust to manage your 'investments.' 

Lastly, if you know anything at all about the crypto space right now, you would know its possible to get 10% APY interest on stable coins very easily for gods sake. That is, coins denominated in USD. You deposit $10k now, you'll have $11k next year. No exposure to volatility and all denominated in USD. The only risk you have is (1) GBP/USD risk and (2) counter-party risk, which is almost negligible if you stick to the big providers. With a bit of work and knowledge, you can find 30% interest. I've been personally getting 100%+ APY interest paid and compounded daily for the last 3 months in one of the safest projects out there.

I'm not really interested in having a long discussion with people that are still babbling about ponzi's, tulips, intrinsic value or hexadecimal numbers in cyberspace. If you don't get it, I don't have time to explain it to you. But I would strongly encourage people to look in to this space because it will be the greatest wealth creation event of my generation. Its literally the internet version 2.0.

Scottex99

*rubs hands together in anticipation*

Too many things to respond to and not got time but I’m the Head of a Trading at a fully regulated Crypto OTC desk. We do full DD/KYC/AML checks on every single client, have 8 bank accounts and traded 100m last month in various crypto assets against the major fiats.

There’s various types of regulation in the space now. So is it a scam? No. Could you get scammed? Yes.

Scottex99

darren232002 said:

Buying Bitcoin will probably be the best investment of your life. Most people saying that Bitcoin isnt an investment and that it is gambling have very little idea why BTC is valuable. Look around, its not conspiracy theorists and rednecks buying Bitcoin, its rocket scientists, CEO's, institutions and computer programmers/STEM graduates. These guys know the way the world is going. JP Morgan in 2017 said BTC is a ponzi, in 2021 they are advising their clients to put a % of their portfolio in it and predicting prices in the $140k range. Citigroup threw out a $300k+ price prediction. These aren't idiots - they are the institutions you trust to manage your 'investments.' 

Lastly, if you know anything at all about the crypto space right now, you would know its possible to get 10% APY interest on stable coins very easily for gods sake. That is, coins denominated in USD. You deposit $10k now, you'll have $11k next year. No exposure to volatility and all denominated in USD. The only risk you have is (1) GBP/USD risk and (2) counter-party risk, which is almost negligible if you stick to the big providers. With a bit of work and knowledge, you can find 30% interest. I've been personally getting 100%+ APY interest paid and compounded daily for the last 3 months in one of the safest projects out there.

I'm not really interested in having a long discussion with people that are still babbling about ponzi's, tulips, intrinsic value or hexadecimal numbers in cyberspace. If you don't get it, I don't have time to explain it to you. But I would strongly encourage people to look in to this space because it will be the greatest wealth creation event of my generation. Its literally the internet version 2.0.

Bingo.

HFSP to the no coiners bro, lolz

thegentleway

darren232002 said:

Its literally the internet version 2.0.

How is crypto literally going to replace the internet?