BITCOIN

fwor

Scottex99 said:

Do you really think I want you to invest £1k into BTC to pump my bags and that's why I'm on here?

This is an internet forum, so I've absolutely no idea.

The various claims about what might happen at some point in the future are fine - when honestly described as such.

What is annoying is when people start saying ridiculous things that are plainly not true, simply because they ~need~ to generate interest in Bitcoin to keep new money coming in.

Adyinvestment

I think it very unfair to say that anybody on this thread is trying to shill/promote Bitcoin.

This is a Bitcoin thread!

This is supposed to be a discussion about Bitcoin, and would not be much of a discussion if nobody actually believed in it and spoke favourably about it.

Also I can't think of a worse place to shill Bitcoin than MSE investment forum which is full of hardened investors who want Bitcoin to fail because it will draw trillions out of the stock market.

deejaybee

Despite originally buying in not long after the ATH, i am now actually ahead ! ( i did do a bit of trading, and also bought more of  some of my original coins to average down the cost )

Timed a CARDANO sell really badly though recently, had bought at 1.06,  it went down a fair bit, gradually got back to where i could break even, allowing for trading costs, so i offloaded it, only for it to make a  big jump days later, currently around 1.80... :-(

the coins i am earning 4 to 5 % on ( ALGO COSMOS & TEZOS ) are all doing well lately.

ps: personally i appreciate Scott's contributions on this thread.

Scottex99

fwor said:

Scottex99 said:

Do you really think I want you to invest £1k into BTC to pump my bags and that's why I'm on here?

This is an internet forum, so I've absolutely no idea.

You missed my point here, it’s not that I want you to, it’s that it would do literally nothing to the market if you did. I’ve traded 50 BTC in one clip and it’s barely created a hint of a wick on the exchange.

The fact that new money has to continually pour in is a fallacy anyway but you really think I’ve picked this exact forum full of 50-60 year old stonks/pension/vanguard guys as my target market?

Crypto is (likely) going to make me financially free, if it doesn’t happen and somehow goes to zero then I’ll have to suck it up and deal with it. And all the naysayers can celebrate, the same way I will when we hit new ATHs again and again. Each to their own always, as someone just said, what would the point of a Bitcoin/Crypto thread be if there was nobody on the for side. Just for your sanity too, you don’t want me coming back here in 2 years winding you up asking which of my 5 lambos should I drive to work today 

Adyinvestment

Scottex99 said:

The fact that new money has to continually pour in is a fallacy anyway but you really think I’ve picked this exact forum full of 50-60 year old stonks/pension/vanguard guys as my target market?

Oi! I am 50 and I am on your side 

Scottex99

Ha I’m not as young as some people think either, 38

fwor

Scottex99 said:

You missed my point here.

I haven't missed your point. It's an internet forum - everything you say about how much you trade and how you're a co-founder of this or that may be true, or it could be complete invention. So your motives here can't be inferred from what you say.

As people have explained further up this thread, any market that's based on speculation is dependent on new money coming in to cause values to rise. The same money going round and round won't make it "go to the moon".

Scottex99

Lol again. Yeah coz i'd waste my time and yours making stuff up for the sake of it?

I would never say dumb noob phrases like "to the moon" either, 

https://www.crowdcube.com/companies/digital-asset-management-dam/pitches/Z1X5gl

You can find me here, you can even see me awkwardly reading my lines in the video. Stick a tenner in so you can heckle me at our AGM's once we go public in 5 years  

fwor

To be frank, I'm really not interested in you that much.

If I had to guess at your motivation here, I would say that you're someone who figures that just having a thread with the title "Bitcoin" in the Savings and Investments section of MSE serves your purpose well enough.

What the thread says doesn't really matter, as you can always push anything critical out of the way with more of your own posts (usually, it seems, starting with Lol, to make you sound such a nice guy).

Scottex99

So I'll cancel that seat at our AGM for you then? 

Good luck with your investments