people starting saying bitcoin was worthless when you could buy 3 for a pound.It doesn't change the fact though that it's actually worthless and only propped up by the hype surrounding it
As an asset it's worthless and it's more like gambling, it's like buying a car that might be worth more than you bought it for or it might be worth less. Obviously cars depreciate but then you get a car to drive, with bitcoin you have nothing but a number on a screen.people starting saying bitcoin was worthless when you could buy 3 for a pound.
And every day since, for over 10 years.
Surely there must come a time when a tipster succeeds and bitcoin does indeed become worthless.
If the coin gets hacked that would do it, without a doubt
Good day for REZZF :-)Global Battery Metals REZZF - new on Trading 212 this week - Up 200% in 3 days. Pity I only play with small money!
Also looking good on CCIV - bought @ 17, currently at 30, with rumours of the Lucid Motors takeover rumbling on.
Lots of what you’re saying about the intrinsic value and the mining is also true of gold. Many of things gold does, Bitcoin can do, only better.As an asset it's worthless and it's more like gambling, it's like buying a car that might be worth more than you bought it for or it might be worth less. Obviously cars depreciate but then you get a car to drive, with bitcoin you have nothing but a number on a screen.
The only thing keeping Bitcoin going is the fact that its propped against currency which allows people to buy it easily and people are only doing so because of the hype. If those same people couldn't buy it and had to mine it instead then it would be very different and I doubt we'd even be talking about it.
It's definitely worth a punt just like betting on the horses is but it's far too risky to for example put your life savings into it. It's funny that the people making the loudest noises about it are the ones who likely hold quite a lot of bitcoin.
The penny might be starting to drop over at WSB. Nobody really knows which way this stock is headed but honestly if you have any serious money in it might be time to seriously consider getting out before things go seriously sour. It's already at $90 after hours.
I admit that even though I never had any actual capital in the game I got carried away with some of the hype and memes flying around and genuinely thought this stock could reach ridiculous highs (And it might have done had retail brokers allowed people to continue to buy shares)
I really hope nobody does anything too crazy but I've seen posts over there of people putting in tens of thousands of dollars into this stock that are now hugely in the red and still refusing to sell, this might not end well at all.
Unbelievable day - and up 500% in just over a week. These lithium / battery metal stocks seems to be a good investment at the moment. Thinking of putting a bit more into Lake Resources (LLKKF) which went up yesterday but still hasn't yet had the kind of gains that American Battery Metals (ABML) and REZZF have.Good day for REZZF :-)
Fucking hell - it's up nearly 100% pre-market! Is it still worth a bit of a punt do you reckon?Unbelievable day - and up 500% in just over a week. These lithium / battery metal stocks seems to be a good investment at the moment. Thinking of putting a bit more into Lake Resources (LLKKF) which went up yesterday but still hasn't yet had the kind of gains that American Battery Metals (ABML) and REZZF have.
You'd probably need a financial expert to give you that answer and that's not me.Fucking hell - it's up nearly 100% pre-market! Is it still worth a bit of a punt do you reckon?
Cheers. It was REZZF I was looking at. Not planning on putting loads in - maybe just diverting 1%-2% of the current value of my SIPP but will have a gander at LLKKF first before deciding which one, if any, to go in on.You'd probably need a financial expert to give you that answer and that's not me.
Are we talking LLKKF or REZZF?
I bought REZZF @ 0.31 last week and now it's 1.50 - as I say, I'm no expert but it feels like that has done most of its climbing.
Looks like LLKKF is just starting its climb so that would be probably worth a punt. Just put an order in on Trading 212 for some more - word is there's high demand and the queues are moving slowly, so we'll see how that pans out!