Bitcoin (cryptocurrency)

[SWP's back]

apparently your recruitment specialists, engineers and project manager are different than mine

Yes I’m sure everyone you know that dived into crypto in Q4 last year when it was making the news every day is quite the expert and have avoided the bloodbath.

 

[Manchester33]

Yes I’m sure everyone you know that dived into crypto in Q4 last year when it was making the news every day is quite the expert and have avoided the bloodbath.

:')

Funny how every Tom, Dick and Harry becomes an expert on something when it's suddenly in the news every other day.

I genuinely wish anyone who invested in Bitcoin all the best. Just like I would if someone stuck their life savings on Black. Or someone who buys a lottery ticket. It doesn't make it a good investment though:

No, you should not invest in Bitcoin. The reason is that it’s not an investment. Just like gold, tulip bulbs, Beanie Babies, 1999 dotcoms without any hope of a product plan, “pre-construction pricing” Toronto condominiums you have no intent to occupy or rent out, and rare baseball cards are not investments.
These are all things that people have bought in the past, and driven to completely irrational prices, not because they did anything useful or produced any money and value to society, but solely because they thought they would be able to sell them to someone else for more in the future.
When you make this kind of purchase, which you should never do, you are speculating, which is not a useful activity. You’re playing a psychological, win-lose battle against other humans with money as the only objective.

 

[SWP's back]

^^^^^
Great post and quote.

 

[Easy]

^^^^^
Great post and quote.

You will be proved wrong, not tomorrow but in the next few years. Bitcoin may fail but another will take its place. Crypto currencies are the future whether you like it or not.

A currency backed by math and science instead of corrupt governments that can print as much as they need is obviously better.

You are as wrong on this as you were on Alexis Sanchez where you were posting in his thread everyday in December/January: “can’t wait until he’s here”, “only a few weeks until he joins us” and so on.

 

[smudgedj]

You will be proved wrong, not tomorrow but in the next few years. Bitcoin may fail but another will take its place. Crypto currencies are the future whether you like it or not.

A currency backed by math and science instead of corrupt governments that can print as much as they need is obviously better.

You are as wrong on this as you were on Alexis Sanchez where you were posting in his thread everyday in December/January: “can’t wait until he’s here”, “only a few weeks until he joins us” and so on.

Lol
Are you Cathy Newman?

If you want a non aligned, non third party liability exchange mechanism buy gold. Unless of course you're just speculating, which is what @SWP's back is saying.

 

[Easy]

Lol
Are you Cathy Newman?

If you want a non aligned, non third party liability exchange mechanism buy gold. Unless of course you're just speculating, which is what @SWP's back is saying.

I honesty believe in the technology. Enables the transfer of money very fast. Recommend everyone to try it out. You can send money Friday night from London to Tokyo and it arrives in less than hour, you don’t to wait until Monday morning or even more for it to “clear”.

Honestly I’m fed up with banks and their monopoly, they will finally have some competition. So happy to see Uber and similar apps destroy the business of all the taxis around the world that were effectively scamming their customers charging enormous prices. What Uber did to Taxi companies, crypto currencies will do to banks.

 

[andy1234uk]

You will be proved wrong, not tomorrow but in the next few years. Bitcoin may fail but another will take its place. Crypto currencies are the future whether you like it or not.

A currency backed by math and science instead of corrupt governments that can print as much as they need is obviously better.

You are as wrong on this as you were on Alexis Sanchez where you were posting in his thread everyday in December/January: “can’t wait until he’s here”, “only a few weeks until he joins us” and so on.

There’s no point engaging with him, he is a know it all who runs to google for every comment.

He is probably just upset that he didn’t keep the 100 bitcoins he had years ago as his every comment in this thread is filled with bitterness and negativity.

The fundamental tech behind these currencies is brilliant and solves a lot of problems. That said it does create problems and there are obviously some absolute scams going around so all involved need to tread with caution.

The current crash, like all the other yearly ones is a result of co-ordinated market manipulation. Essentially the really rich are scaring people into selling so they can buy cheaper, then the market will likely recover and go from strength to strength, and the manipulators will increase their wealth and hold over the markets. This crash is coinciding with the stock market having a wobble also.

Again, to play devils advocate it could all go tits and people could get seriously hurt from it, so hopefully people playing are only playing with what they can afford to lose!

 

[SWP's back]

You will be proved wrong, not tomorrow but in the next few years. Bitcoin may fail but another will take its place.

Which is and has always been my point you muppet.

There’s nowt wrong with crypto. It was the moronic bubble from nob ends “investing” expecting ten fold returns inside ten days.

 

[SWP's back]

There’s no point engaging with him, he is a know it all who runs to google for every comment.

Oh the irony. Unlike you, I’ve not relied on google nor the crypto thread on reddit nor any crypto forum for any of my comments seeing as I actually understand economics and investments and have been making money for my clients for neigh on two decades.

He is probably just upset that he didn’t keep the 100 bitcoins he had years ago as his every comment in this thread is filled with bitterness and negativity.

No, every comment, even before and during the Q4 boom was actually filled with sage advice. You don’t like the advice as it’s proving correct which also means your now losing money on a daily basis.

Don’t shoot the fucking messenger.

The fundamental tech behind these currencies is brilliant and solves a lot of problems.

Crypto is fantastic and one or two will become the standard. Not bitcoin due to the cost involved for micro transactions but others will win out.

The current crash, like all the other yearly ones is a result of co-ordinated market manipulation.

Wibble. It’s due to a sentiment led bubble like many bubbles before it. The growth was due to laypeople reading about the growth and assuming it would continue forever more as every bubble in history has.

Again, to play devils advocate it could all go tits and people could get seriously hurt from it, so hopefully people playing are only playing with what they can afford to lose!

Hmmm. Isn’t that what I’ve been saying the whole time? So why do you add it as a caveat yet when I say it, I’m bitter and negative?

What is it you do for a profession out of interest?

 

[SWP's back]

This crash is coinciding with the stock market having a wobble also.

For fucks sake. Stick to what you (reddit) (thinks they) know.

The current ‘wobble’ in the stock market is due to increased US wage growth, leading to higher inflation and increased 10 year gilt yields.

Nowt worse than amateur fucking economists deciding the Illuminati are responsible for everybthing.