Any other Stakers?

Thrugelmir

darren232002 said:

whatstheplan said:

darren232002 said:

To the naysayers, if you aren't in the crypto world right now then the next 5 years is going to be a pretty painful one for you in terms of returns. 

I'm not a crypto basher, indeed I'm still toying with putting some money into BTC if the price drops   However I'm not sure I agree with your assertion.  It implies the crypto world is going to see decent returns over the next 5 years but the rest of the investment world isn't?

The old school investment world still believes in 60/40 and bonds are paying 1.7% which doesn't even beat inflation.

You are seriously out of date. Serious bond discussion was being had over 5 years ago. That's the inherent danger when you are last to the party. The best food has already been eaten. 

User232002

Thrugelmir said:

You are seriously out of date. 

Holy irony batman

ratechaser

I wonder if all this is because us wise old heads on here have made our (relative) fortunes already and it's the whipper-snappers that are desperate to copy us, only quicker...

I sense a hard lesson coming at some point in the future. But apparently the concept of intrinsic value is very outmoded. Everyone wants to be a Moist von Lipwig and not a Mavolio Bent...

Flatulentoldgoat

ratechaser said:

I wonder if all this is because us wise old heads on here have made our (relative) fortunes already and it's the whipper-snappers that are desperate to copy us, only quicker...

I sense a hard lesson coming at some point in the future. But apparently the concept of intrinsic value is very outmoded.

Let me guess, you bought your first house at 13 on the back of the back of being a weekend paper boy. Said house is now worth 1000x it's original value. Teach us more of this great investment wisdom.

Thrugelmir

darren232002 said:

Thrugelmir said:

You are seriously out of date. 

Holy irony batman

Bitcoin was created as long ago as 2008.  

ratechaser

Flatulentoldgoat said:

ratechaser said:

I wonder if all this is because us wise old heads on here have made our (relative) fortunes already and it's the whipper-snappers that are desperate to copy us, only quicker...

I sense a hard lesson coming at some point in the future. But apparently the concept of intrinsic value is very outmoded.

Let me guess, you bought your first house at 13 on the back of the back of being a weekend paper boy. Said house is now worth 1000x it's original value. Teach us more of this great investment wisdom.

Nah, 23. But the paper round helped, as well as working weekends for 6 years while studying and then a couple of years of working 16 hour days to get started in banking.

Never mind, hard work is probably just as outmoded. 

strawb_shortcake

Flatulentoldgoat said:

Crypto is a big 'scam' according to the Boomer friend I know. There's no way to convince him otherwise. I suspect the real reason is because he's sore he missed out on the whole investment opportunity.

I'm sure he'd fit in here perfectly.

@Flatulentoldgoat perhaps a personal question if you may? 
5 months ago you posted about your friend earning £45k pa and you couldn't quite get your head around someone earning so much money. Now you are talking about putting thousands into high risk opportunities without so much of a second thought. How do you go from one extreme to another in such a short space of time?

For what it's worth, I don't invest in crypto, I don't understand it and to be honest I feel no need or desire to so. Gut feeling is it's very volatile some people will be lucky others less so. 

As a general comment and not to you personally reading some of the comments, the phrase that comes to mind is; "the lady doth protest too much" 

underground99

Unfortunately I'm no longer able to see the thread title without thinking of Peter Ian Staker, the gentlemen with the escaped swan in the classic comedy Hot Fuzz.

HansOndabush

While I see glassy-eyed gamblers around the roulette table long past their bedtime.

ratechaser

underground99 said:

Unfortunately I'm no longer able to see the thread title without thinking of Peter Ian Staker, the gentlemen with the escaped swan in the classic comedy Hot Fuzz.

But there really was a swan!

Classic Stephen Marchant...