BITCOIN

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

Michael121

Those 48k views on this thread definitely isn't going to pump bitcoin, I'm sure that's per member click as well, I've probably contributed 100 views over the months.

Section62

Adyinvestment said:

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.

I think the BiB illustrates a fundamental misunderstanding, and an example of a worrying trend where everything is seen as binary - it appears for some people we either have to be 'for' bitcoin or 'against' bitcoin, there's no possibility that other people could have a viewpoint somewhere in the middle.

I'm not a crypto fan, but I don't want Bitcoin to fail.  If it did, it will do collateral damage to things that do matter to me.  I'm particularly concerned that some people out there have got into crypto without really knowing what they are doing, and failure could result in them being financially wiped out. Nobody with a shred of empathy could want that.

The thing that bugs me though are the folks who only speak of the upsides of crypto, and do so with pseudo-authority gleaned only from watching some YT videos.

If Bitcoin is to avoid becoming a failure then everyone needs to keep it real, see and agree that there are potential downsides - because relentless pumping is a guaranteed way of ending up with failure. Sooner or later all bubbles burst, and acknowledging that fact is essential to successful investing.

Scottex99

Yep valid. I’d say most of the disagreements here though come from the pro crypto peeps explaining that it’s not pure shilling that they are doing.

Of course there are downsides and things that need to work better. Liquid just got hacked for $90m, Poly was hacked for $600m. It’s super volatile and it’s very risky.

Personally I’ve seen my portfolio lose 30-50% in days/weeks multiple times but then always reach a new ATH. It’s on it’s way to a new one now (it seems).

Most savvy people in the space talk about BTC 100k and ETH 10k, because of how they see the markets, how the world works, what is being built and how crypto became a Trillion dollar asset class from nowhere. But we don’t expect it to go straight there without a lot of drama first, that’s the difference.

You also don’t need to swing trade or scalp trade and sit and watch charts all day because you can just DCA some small amounts (always best if you’re new) and forget about it for a few years, I’d be very surprised if you didn’t get a nice return on that although $DYOR of course

adindas

Section62

The thing that bugs me though are the folks who only speak of the upsides of crypto, and do so with pseudo-authority gleaned only from watching some YT videos..

Well, I am not quite sure whether you are aware of the state of art of You Tube nowadays. You could literally find almost every credible information, channels, News, interview, conference with well-known figures that you normally watch on Cable TV read on Newspaper but on your convenience time and / or catch-up mode. Many of the important quick news you can not even find on Cable TV.

Think about CNBC, CNN, Fox Business, FT, Bloomberg, Morningstar, TrustNet, the Motley fool etc you name it. It is there. A few people try to condense the stock market news from various reliable source into a single video so it will save your time rather then spending time watching them one by one.

It is very convenience as you could easily find / search them in a single platform .

Certainly, there are a lot of scammers outthere that will try to scam you. But it is entirely up to you how you screen it.

tranquility1

PayPal to let UK users buy, sell and hold crypto.

This will nicely by-pass banks who block crypto purchases.


https://news.sky.com/story/paypal-to-let-uk-users-buy-hold-and-sell-cryptocurrencies-12388151