Tricky period for full-time HODLers.
BITCOIN as an alternative to regular currency
- Realrocknrolla
- Posts: 1903
- Joined: Fri Jun 05, 2020 7:15 pm
Had a ride down this last few weeks and made enough to treat the Mrs.
Can only see it going back up.
https://aggr.trade/
Can only see it going back up.
https://aggr.trade/
- firlandsfarm
- Posts: 2722
- Joined: Sat May 03, 2014 8:20 am
Hi there WTFH, I understand Ponzi's and Bitcoin (which fits your description of the death of a Ponzi perfectly). When the hype and fashion wears off and the number of sellers and new coins coming into the market (existing investors) wanting to realise their investment is greater than the number of buyers (new investors) the price will collapse just like a Ponzi.wearthefoxhat wrote: ↑Tue Jun 22, 2021 9:49 amMore information about Bitcoin and its' creation is known in advance. (halving). In an actual Ponzi, the creator runs out of new investors/new money and then tries to run away when everyone wants to cash out. There have been Ponzi's associated with Bitcoin, ie: Operators of Bitconnect, but it wasn't actually Bitcoin that was the Ponzi.
Here's a quick 5 minute YT.
https://99bitcoins.com/bitcoin-mining/halving/
MaxBitcoin.png
Bitcoin tumbles below $30,000 on China crypto-crackdown
https://www.bbc.co.uk/news/business-57549543
https://www.bbc.co.uk/news/business-57549543
- jamesedwards
- Posts: 2309
- Joined: Wed Nov 21, 2018 6:16 pm
$33k this morning. $28k by lunchtime. $33k now.
Mad!
Mad!
- Realrocknrolla
- Posts: 1903
- Joined: Fri Jun 05, 2020 7:15 pm
Yep… just click the link i posted above and see what volume is being used. Knocks the socks off of BF
- MobiusGrey
- Posts: 294
- Joined: Fri Nov 23, 2018 8:10 pm
When the 'big boys' pull out and realise their gains a LOT of people are going to get caught with their pants down. It's the ones who can't afford to lose that have invested heavily in crypto thinking that they're trading who I feel sorry for the most.
Crypto for show, trading options for dough
Crypto for show, trading options for dough
Looks like the UK is starting to crack down on crypto. Binance is one of the biggest ones so I'm surprised they are going after them and not sure what it means for us UK users
https://www.ft.com/content/8bc0e5e0-270 ... ccaffaee87
https://www.ft.com/content/8bc0e5e0-270 ... ccaffaee87
- wearthefoxhat
- Posts: 3220
- Joined: Sun Feb 18, 2018 9:55 am
Slippery slope for UK users.alexmr2 wrote: ↑Sun Jun 27, 2021 6:32 pmLooks like the UK is starting to crack down on crypto. Binance is one of the biggest ones so I'm surprised they are going after them and not sure what it means for us UK users
https://www.ft.com/content/8bc0e5e0-270 ... ccaffaee87
However, usually Bitcoin jumps on bad news....
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Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
https://nymag.com/intelligencer/2021/10 ... ubble.html
https://nymag.com/intelligencer/2021/10 ... ubble.html
- Realrocknrolla
- Posts: 1903
- Joined: Fri Jun 05, 2020 7:15 pm
Usually alt coins follow Bitcoin (I assume people hedge on them at the high) but most of them seem to be remaining weak on this run except ETH.
I've been more interested in privacy coins recently as they can't be tracked (big advantage for lots of people). I'm trying Monero, Dero and Pirate Chain in the hope that more people switch to them over the next few years
I've been more interested in privacy coins recently as they can't be tracked (big advantage for lots of people). I'm trying Monero, Dero and Pirate Chain in the hope that more people switch to them over the next few years