Bitcoin

snooloui

This is one of those threads where a few of my brain cells die every time I open it.

EdGasketTheThird

[Deleted User] said:

thegentleway said:

[Deleted User] said:

As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one. Except for those who speculated and sold at cheaper price, of course.

Not quite, you only make a loss (or gain) when you sell...

Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.

No they can't because if they all tried to, the price of bitcoin would collapse. They most certainly can't all close their positions at a profit.

RichTips

Another_Saver said:

Your entire profile is comments on this thread, one on another crypto thread, and another offering a crypto referral code.

I do not need to misrepresent my opinions as facts or declare that something I want to be true is "clearly" or "obviously" true based on circumstantial, limited evidence to make a point. I present facts, and my opinions, and I make a clear distinction between the two for the benefit of others. I am bullish on the UK, and you can see that I present that opinion with cogent explanations, relevant, actual evidence and always explain that it is not a view shared by many in the forum and global diversification is likely to be less risky than limiting yourself to the UK. I do not insult or degrade people who do not share that view; accuse them of being stupid, foolish or mentally ill; rely on the statements of others; declare that I have won an argument; declare that I am absolutely right; or demand that people agree with me or face a tantrum.

Why are you even here pushing your agenda in a thread started by someone apparently not very knowledgeable about bitcoin asking a basic question about it? What do you gain by getting less knowledgeable people on your side? Do you hope to gain extra referrals like on your first ever post?

You may disagree, and dislike my wording, but it is no more colourful than any other forum user's posts on crypto, CFD trading, options, Forex, or any of the other common pitfalls people come across when trying to find out about investing.

Okay, well, in the interests of moving in a more positive direction, I apologise for any offence I may have caused you. I clearly don't share your outlook but perhaps we can agree to disagree amicably. Speaking personally, I don't think the two-way dialogue we've started has done either of us any favours, so perhaps we should discontinue it. Happy to answer any questions from you in DM, but I think two people have now expressed a reticence towards being exposed to continued debate. 

[Deleted User]

So Ed Gasket The Second has just been banned, account with 3 years and 1600 posts. And he's still trolling?

What a shame dude. Just stop. Sorry but ignoring third iteration of that troll too.

EdGasketTheThird

EdGasket's are like a shooting star. They briefly soar and amaze everyone with their brilliance but sadly burn out too soon leaving only pleasant memories.

[Deleted User]

And his third account is banned! Thank you forum moderators for swift action 😃🙏

thegentleway

That was quick!

planteria

Malthusian said:

patient_investor said:

Of course, those who didn't wait crystallized a loss. Those who did, with Bitcoin at all time high now, can close their position at a profit - everyone who ever invested.

Please tell us more about how everyone who currently holds Bitcoin can cash out at a profit. Specifically, where the money (or money's worth) to fund these withdrawals would come from.
If everyone who ever invested closes their positions at a profit, that means new punters have handed over money for their Bitcoin. How are those new players going to cash out at a profit?

failing to understand patient's post takes some real commitment   -it's clearly not about everyone exiting the market at the same time, it's that at an all time high every individual investor has an asset that they can sell into a market that is at a higher price than it was when they invested.
significant further gains during the past few days. fwiw personally i'm more than happy if it stalls/dips these next few days as then i can add during early January. 2021 will be another interesting year for Bitcoin.

[Deleted User]

BTC price: £19329
ATH (£20296) Distance: -967 (-4%)
1d:  £19493 (-0%)
7d:  £17545 (10%)
1mo: £12593 (53%)
3mo: £8410 (129%)
6mo: £7352 (162%)
I am happy with my 160% in 6 months, aren't you guys? That's very sad how naysayers and haters are loosing out to those who are not afraid to bet 1% of their money to have 200x bigger return comparing to laughable <1% saving accounts.

HansOndabush

[Deleted User] said:

BTC price: £19329
ATH (£20296) Distance: -967 (-4%)
1d:  £19493 (-0%)
7d:  £17545 (10%)
1mo: £12593 (53%)
3mo: £8410 (129%)
6mo: £7352 (162%)
I am happy with my 160% in 6 months, aren't you guys? That's very sad how naysayers and haters are loosing out to those who are not afraid to bet 1% of their money to have 200x bigger return comparing to laughable <1% saving accounts.

Have you cashed out? Will it be laughable when Bitcoin's value approaches zero which is all a theoretical number is worth?