Best platform for crypto investment

Exodi

silvercue said:

Exodi said:

silvercue said:

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Best performing asset class of the last decade.    Even looking at just the last 5 years S&P growth of 50% is dwarfed by 500% BTC growth.

You say asset class, but it's clear you mean specifically just Bitcoin.

I'm sure if we actually looked at the asset class of cryptocurrency like you said, it would probably be one of the worst performing asset classes given that it has been famously proliferated with pump and dump schemes, scams and corrupt crypto institutions.

Even if we ignore that and solely focus on a the very specific 'asset' (I'll humour you) of Bitcoin, I still resent this argument every time it gets regurgitated. 

Glacing at BTC>GBP on Google, we can see BTC has grown £215.20 to £29,647.27 since it's inception, making an impressive 13,676.49%.

Yet, if we similarly gaze into our retrospecto-scope, Amazon as another specific asset for example, has grown from $0.09 to $146.71, making a 162,911.11% return.

You never see people that invest in companies use these disingenuous arguments regularly seen in the crypto space, as you have.

Malthusian said:

Punters' money in == punters' money out.

Few understand.

In danger of derailing the thread.  Not sure what £215 is, it was trading for cents in 2009 and 2010 and I regularly bought it under £60

Then don't - it's a pretty irrelevant point and it's disappointing that it's the only thing you respond to, as I said I glanced at BTC>GBP on Google, feel free to take it up with them. If you intend to only focus on that and drive the point that the percentage increase is actually higher since its inception, then you've clearly missed the point regarding your disingenuous cherry-picking of lottery tickets after the fact.

silvercue

Exodi said:

silvercue said:

Exodi said:

silvercue said:

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Best performing asset class of the last decade.    Even looking at just the last 5 years S&P growth of 50% is dwarfed by 500% BTC growth.

You say asset class, but it's clear you mean specifically just Bitcoin.

I'm sure if we actually looked at the asset class of cryptocurrency like you said, it would probably be one of the worst performing asset classes given that it has been famously proliferated with pump and dump schemes, scams and corrupt crypto institutions.

Even if we ignore that and solely focus on a the very specific 'asset' (I'll humour you) of Bitcoin, I still resent this argument every time it gets regurgitated. 

Glacing at BTC>GBP on Google, we can see BTC has grown £215.20 to £29,647.27 since it's inception, making an impressive 13,676.49%.

Yet, if we similarly gaze into our retrospecto-scope, Amazon as another specific asset for example, has grown from $0.09 to $146.71, making a 162,911.11% return.

You never see people that invest in companies use these disingenuous arguments regularly seen in the crypto space, as you have.

Malthusian said:

Punters' money in == punters' money out.

Few understand.

In danger of derailing the thread.  Not sure what £215 is, it was trading for cents in 2009 and 2010 and I regularly bought it under £60

Then don't - it's a pretty irrelevant point and it's disappointing that it's the only thing you respond to, as I said I glanced at BTC>GBP on Google, feel free to take it up with them. If you intend to only focus on that and drive the point that the percentage increase is actually higher since its inception, then you've clearly missed the point regarding your disingenuous cherry-picking of lottery tickets after the fact.

LOL - you posted the nonsense maths up to make a point, but used completely incorrect data for it.  Not just slightly wrong, but out by a factor of thousands  - so I would say that is pretty relevant. 

We get it, you don't like crypto much, so maybe lurk in threads for subjects you do have an interest in. 

Exodi

silvercue said:

Exodi said:

silvercue said:

Exodi said:

silvercue said:

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Best performing asset class of the last decade.    Even looking at just the last 5 years S&P growth of 50% is dwarfed by 500% BTC growth.

You say asset class, but it's clear you mean specifically just Bitcoin.

I'm sure if we actually looked at the asset class of cryptocurrency like you said, it would probably be one of the worst performing asset classes given that it has been famously proliferated with pump and dump schemes, scams and corrupt crypto institutions.

Even if we ignore that and solely focus on a the very specific 'asset' (I'll humour you) of Bitcoin, I still resent this argument every time it gets regurgitated. 

Glacing at BTC>GBP on Google, we can see BTC has grown £215.20 to £29,647.27 since it's inception, making an impressive 13,676.49%.

Yet, if we similarly gaze into our retrospecto-scope, Amazon as another specific asset for example, has grown from $0.09 to $146.71, making a 162,911.11% return.

You never see people that invest in companies use these disingenuous arguments regularly seen in the crypto space, as you have.

Malthusian said:

Punters' money in == punters' money out.

Few understand.

In danger of derailing the thread.  Not sure what £215 is, it was trading for cents in 2009 and 2010 and I regularly bought it under £60

Then don't - it's a pretty irrelevant point and it's disappointing that it's the only thing you respond to, as I said I glanced at BTC>GBP on Google, feel free to take it up with them. If you intend to only focus on that and drive the point that the percentage increase is actually higher since its inception, then you've clearly missed the point regarding your disingenuous cherry-picking of lottery tickets after the fact.

LOL - you posted the nonsense maths up to make a point, but used completely incorrect data for it.  Not just slightly wrong, but out by a factor of thousands  - so I would say that is pretty relevant. 

We get it, you don't like crypto much, so maybe lurk in threads for subjects you do have an interest in. 

Edit: took out paragraphs of text because I don't want to go in circles.

Technically you could argue that as bitcoin has never had any underlying assets (or any cryptocurrency) that the assets starting price was zero, meaning all cryptocurrencies have experienced an infinity percent increase.

I have no qualm with whatever figure you wish to use, it is not in my interest to ensure the return figures for bitcoin are communicated as highly as possible.

I will say though, it is interesting you choose to counter an accusation of cherry picking, by implying different data should be used to represent returns. The numbers were not important, but I understand to you they are.

silvercue

Exodi said:

silvercue said:

Exodi said:

silvercue said:

Exodi said:

silvercue said:

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Best performing asset class of the last decade.    Even looking at just the last 5 years S&P growth of 50% is dwarfed by 500% BTC growth.

You say asset class, but it's clear you mean specifically just Bitcoin.

I'm sure if we actually looked at the asset class of cryptocurrency like you said, it would probably be one of the worst performing asset classes given that it has been famously proliferated with pump and dump schemes, scams and corrupt crypto institutions.

Even if we ignore that and solely focus on a the very specific 'asset' (I'll humour you) of Bitcoin, I still resent this argument every time it gets regurgitated. 

Glacing at BTC>GBP on Google, we can see BTC has grown £215.20 to £29,647.27 since it's inception, making an impressive 13,676.49%.

Yet, if we similarly gaze into our retrospecto-scope, Amazon as another specific asset for example, has grown from $0.09 to $146.71, making a 162,911.11% return.

You never see people that invest in companies use these disingenuous arguments regularly seen in the crypto space, as you have.

Malthusian said:

Punters' money in == punters' money out.

Few understand.

In danger of derailing the thread.  Not sure what £215 is, it was trading for cents in 2009 and 2010 and I regularly bought it under £60

Then don't - it's a pretty irrelevant point and it's disappointing that it's the only thing you respond to, as I said I glanced at BTC>GBP on Google, feel free to take it up with them. If you intend to only focus on that and drive the point that the percentage increase is actually higher since its inception, then you've clearly missed the point regarding your disingenuous cherry-picking of lottery tickets after the fact.

LOL - you posted the nonsense maths up to make a point, but used completely incorrect data for it.  Not just slightly wrong, but out by a factor of thousands  - so I would say that is pretty relevant. 

We get it, you don't like crypto much, so maybe lurk in threads for subjects you do have an interest in. 

How disappointing you triple down in completely disregarding my entire response to focus on a number I already said from the outset was from Google finance data. Whether you want to use a different chart to prove Bitcoin has returned 10,000 or 1,000,000x returns or whatever is completely irrelevant because you're still cherry-picking. You're proving my point about the disingenuous arguments commonly circulated in the crypto community - I've said the same thing three times now, it's obvious you're deliberately choosing to ignore everything except focusing on this random number on Google - I get it, but not much of point a of us going round and round in circles (as is often the case with Crypto-bros).

If I cherry-pick shares, you can similarly find rocket emoji returns - that's the point. It's not about a !!!!!!-measuring contest. between Amazon and Bitcoin.

The reason I am not responding back on all of your points is becuase it will derail the thread, as I said above.  There is another thread for that.  I responded on that one point becuase you have presented specific examples backed with numbers that are completely wrong.

This post is OP asking for platforms, and I posted back 4 examples that I use with some context.  

Exodi

silvercue said:

Exodi said:

silvercue said:

Exodi said:

silvercue said:

Exodi said:

silvercue said:

NithyaH said:

By ‘investment’ do you mean ‘speculation’?

Best performing asset class of the last decade.    Even looking at just the last 5 years S&P growth of 50% is dwarfed by 500% BTC growth.

You say asset class, but it's clear you mean specifically just Bitcoin.

I'm sure if we actually looked at the asset class of cryptocurrency like you said, it would probably be one of the worst performing asset classes given that it has been famously proliferated with pump and dump schemes, scams and corrupt crypto institutions.

Even if we ignore that and solely focus on a the very specific 'asset' (I'll humour you) of Bitcoin, I still resent this argument every time it gets regurgitated. 

Glacing at BTC>GBP on Google, we can see BTC has grown £215.20 to £29,647.27 since it's inception, making an impressive 13,676.49%.

Yet, if we similarly gaze into our retrospecto-scope, Amazon as another specific asset for example, has grown from $0.09 to $146.71, making a 162,911.11% return.

You never see people that invest in companies use these disingenuous arguments regularly seen in the crypto space, as you have.

Malthusian said:

Punters' money in == punters' money out.

Few understand.

In danger of derailing the thread.  Not sure what £215 is, it was trading for cents in 2009 and 2010 and I regularly bought it under £60

Then don't - it's a pretty irrelevant point and it's disappointing that it's the only thing you respond to, as I said I glanced at BTC>GBP on Google, feel free to take it up with them. If you intend to only focus on that and drive the point that the percentage increase is actually higher since its inception, then you've clearly missed the point regarding your disingenuous cherry-picking of lottery tickets after the fact.

LOL - you posted the nonsense maths up to make a point, but used completely incorrect data for it.  Not just slightly wrong, but out by a factor of thousands  - so I would say that is pretty relevant. 

We get it, you don't like crypto much, so maybe lurk in threads for subjects you do have an interest in. 

How disappointing you triple down in completely disregarding my entire response to focus on a number I already said from the outset was from Google finance data. Whether you want to use a different chart to prove Bitcoin has returned 10,000 or 1,000,000x returns or whatever is completely irrelevant because you're still cherry-picking. You're proving my point about the disingenuous arguments commonly circulated in the crypto community - I've said the same thing three times now, it's obvious you're deliberately choosing to ignore everything except focusing on this random number on Google - I get it, but not much of point a of us going round and round in circles (as is often the case with Crypto-bros).

If I cherry-pick shares, you can similarly find rocket emoji returns - that's the point. It's not about a !!!!!!-measuring contest. between Amazon and Bitcoin.

The reason I am not responding back on all of your points is becuase it will derail the thread, as I said above.  There is another thread for that.  I responded on that one point becuase you have presented specific examples backed with numbers that are completely wrong.

This post is OP asking for platforms, and I posted back 4 examples that I use with some context.  

AHH I edited before you post showes - as above sorry.

So you didn't want to derail the thread, but it was absolutely critical the returns of bitcoin were communicated as highly as possible. Sorry if you disapproved of my use of Google asset charts, I didn't realise it would be such an issue for you.

Scottex99

Ah how I missed this.

Silvercue has already given a good answer. For brand new investors I’d say Revolut too. You won’t actually hold the asset and you’ll probably pay a fee/spread of ~1.5-2% for the trade but very easy to go in and out from GBP and track the value too.

Anything held on exchanges shouldn’t really be meaningful money to a user just to be on the safe side, cold storage always best.

Im looking forward to how the markets play out in 2024, looks bullish to me.