comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 4 minutes ago
comment by Admin1 (U1)
posted 1 minute ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
Even gold had a ridiculous low usage in the modern world... May as well call that tulip too
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Except that is a viable to use as a currency.
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Is it... walk into Wal-Mart or Tesco with a cunch of gold
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I'd be much more confident in some post capitalism apocalyptic wasteland that a gold coin would get me fed as opposed to a crypto currency.

comment by Admin1 (U1)
posted 16 seconds ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 4 minutes ago
comment by Admin1 (U1)
posted 1 minute ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
Even gold had a ridiculous low usage in the modern world... May as well call that tulip too
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Except that is a viable to use as a currency.
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Is it... walk into Wal-Mart or Tesco with a cunch of gold
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I'd be much more confident in some post capitalism apocalyptic wasteland that a gold coin would get me fed as opposed to a crypto currency.
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Nether would be worth anything really... gold has no real worth in such a world... bullets, water, seeds and a million other things would be worth more than gold.

It's another weak argument... sorry.

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 12 seconds ago
comment by Admin1 (U1)
posted 16 seconds ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 4 minutes ago
comment by Admin1 (U1)
posted 1 minute ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 1 minute ago
Even gold had a ridiculous low usage in the modern world... May as well call that tulip too
----------------------------------------------------------------------
Except that is a viable to use as a currency.
----------------------------------------------------------------------
Is it... walk into Wal-Mart or Tesco with a cunch of gold
----------------------------------------------------------------------
I'd be much more confident in some post capitalism apocalyptic wasteland that a gold coin would get me fed as opposed to a crypto currency.
----------------------------------------------------------------------
Nether would be worth anything really... gold has no real worth in such a world... bullets, water, seeds and a million other things would be worth more than gold.

It's another weak argument... sorry.
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Gold has had a near 4,000 track record of establishing a defacto standard as far as a globally accepted means of wealth measurement and as a barter currency. Bitcoin on the other hand....

Not in this posy apocalyptic world you talk about.

How much would your pieces of paper and savings book be worth....

We'd all have bigger fish to fry the currency... in such a world.

Anyway.... you stick to your 0.5% interest.... not everyone is a risk taker

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 2 seconds ago
Anyway.... you stick to your 0.5% interest.... not everyone is a risk taker
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True. But virtually all signs point to bitcoin being a bubble underpinned by irrational speculation. It's an E-Tazzo.

Bitcoin bubble already burst some years ago.... its now on a second rise.... of course it can drop again... but that does not take away the fact that it is a legit concept.

Tulips were a scam.

Gold is a store of value based on percieved trust of worth... just like bitcoin.

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 51 seconds ago
Bitcoin bubble already burst some years ago.... its now on a second rise.... of course it can drop again... but that does not take away the fact that it is a legit concept.

Tulips were a scam.

Gold is a store of value based on percieved trust of worth... just like bitcoin.
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It didn't burst back then. It merely demonstrated how fragile the market is. A burst will see it below $1

comment by Nickasaurus (U9257)
posted 43 minutes ago
comment by Edinspur (U1109)
posted 3 minutes ago
Invest in cannabis companies, that market will explode once it becomes more and more legalised in the US #AskEdin
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lol not a bad shout tbh, have you done so yourself edin?

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Mate I'm £100 overdrawn before next paycheck. I can't afford to invest in my own bank account.

the struggles real

comment by Admin1 (U1)
posted 9 minutes ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 51 seconds ago
Bitcoin bubble already burst some years ago.... its now on a second rise.... of course it can drop again... but that does not take away the fact that it is a legit concept.

Tulips were a scam.

Gold is a store of value based on percieved trust of worth... just like bitcoin.
----------------------------------------------------------------------
It didn't burst back then. It merely demonstrated how fragile the market is. A burst will see it below $1
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Sorry... more nonsense... when the internet bubble burst.... it was still worth billions as an industry

I'm deep into fintech... at a conference as we speak (web summit).... heard it all a million times... it's the running joke this year... tulips and b apocalypse .... swap your gold and coins for toilet paper

Really not a fan of the "I've been to a few TED talks" culture on here.

comment by Edinspur (U1109)
posted 1 minute ago
Really not a fan of the "I've been to a few TED talks" culture on here.
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Way better to form an opinion based on guys on a football forum rather than speak to experts.

That's the brexit way

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 3 minutes ago
comment by Admin1 (U1)
posted 9 minutes ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 51 seconds ago
Bitcoin bubble already burst some years ago.... its now on a second rise.... of course it can drop again... but that does not take away the fact that it is a legit concept.

Tulips were a scam.

Gold is a store of value based on percieved trust of worth... just like bitcoin.
----------------------------------------------------------------------
It didn't burst back then. It merely demonstrated how fragile the market is. A burst will see it below $1
----------------------------------------------------------------------
Sorry... more nonsense... when the internet bubble burst.... it was still worth billions as an industry

I'm deep into fintech... at a conference as we speak (web summit).... heard it all a million times... it's the running joke this year... tulips and b apocalypse .... swap your gold and coins for toilet paper
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There are none so blind. At least give this a read....https://www.amazon.co.uk/dp/B004EYT932/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 If nothing else at least open yourself to the fact it can and may very well go back to near zero.

comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 2 minutes ago
Way better to form an opinion based on guys on a football forum rather than speak to experts.

That's the brexit way
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I'm not forming an opinion, just think its funny that you are dismissing what Admin1 is saying outright because in your mind your credentials far outweigh his?

comment by Edinspur (U1109)
posted 1 minute ago
comment by Ji Sung Park's Cousin - 2017 joy squids (U2958)
posted 2 minutes ago
Way better to form an opinion based on guys on a football forum rather than speak to experts.

That's the brexit way
----------------------------------------------------------------------

I'm not forming an opinion, just think its funny that you are dismissing what Admin1 is saying outright because in your mind your credentials far outweigh his?
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I'm certainly not disputing that it could go to 10,000 dollars. But there is nothing inherently special or practical about Bitcoin, which is why there are about 100 other crypto coins, many of which have already failed. It's a highly volatile bearer bond in some respects. But at 7tx per second and a transaction clearing time that can be 24 hours. It most certainly is not a viable currency, or anything close to that.

People said bitcoin peaked at 2.5 k dew months ago,now its the more than double that. Someone said it will get to 100k, and it probably will.

But what is bitcoin backed by? Real, physical currency is backed by gold, what about bitcoin? Does China one day say that enough is enough and all that money that has been gained go to waste?

comment by 50...feck Giroud (U1147)
posted 6 minutes ago
People said bitcoin peaked at 2.5 k dew months ago,now its the more than double that. Someone said it will get to 100k, and it probably will.

But what is bitcoin backed by? Real, physical currency is backed by gold, what about bitcoin? Does China one day say that enough is enough and all that money that has been gained go to waste?


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Most currencies aren't back by gold now. But instead backed by central banks and underlying economy/balance of payments.

comment by I am just McCann these days, Unless I am pumpin ye and ye want to call me Daddy (U21454)
posted 7 hours, 22 minutes ago
When Warren Buffet says it’s aload of pash that will fail, you listen, but what would he know?
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And if Bill Gates says Bitcoin is "Better than currency", you might want to listen as well.


https://www.youtube.com/watch?v=e6KRp91YAw8

Nick I've got investments in Bitcoin, Ethreum, Ripple XRP, and Litecoin, I use a site called 'etoro'.

I wasn't sure if I missed the boat but invested anyway, just in case.

You don't actually own it but just invest in it.

All the crypo's had a bad dip in September and pretty stagnant in October but have been picking up over the last week or so.

Due to it's volatility I've been studying the graphs, buying the dips when it's low and selling when it looks to have peaked. I've made a few hundred dollars like that but I still keep some permanently invested on the off chance it does rocket.

The price cap is in the billions of dollars so theoretically there's nothing to stop it going ballistic.

It may go bust, as some predict, but for the cost of a few hundred dollars, I reckon it's worth the risk!

Never know I might be able to retire when I'm 95!

Warren Buffett never invests in anything he does not understand.

I think it is a good policy to follow, so for those that do want to invest in these products, make sure you fully understand the fundamentals that drive them up and down. Personally, i don't understand it well enough to play

comment by SWTN - Judas is number 1 (U7916)
posted 14 minutes ago
Warren Buffett never invests in anything he does not understand.

I think it is a good policy to follow, so for those that do want to invest in these products, make sure you fully understand the fundamentals that drive them up and down. Personally, i don't understand it well enough to play
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TBH Biggish, I don't understand it either. However, what I've learned over 3 months is to understand it volatility and use it to advantage!

its* volatility

I've an old bitcoin wallet tucked away, but will have very little in it. Nearly bought my nephew a bitcoin the day he was born for £250 bucks or so, but opted against it.