BITCOIN as an alternative to regular currency

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
Post Reply
eightbo
Posts: 1943
Joined: Sun May 17, 2015 8:19 pm
Location: Malta

Classic confirmation bias in action. People like the idea of having picked a winner.

I suspect that if blockchain does catch on in a big way, it will take longer than most holders like to envision.
fahivechh
Posts: 6
Joined: Fri Feb 21, 2020 3:44 pm

Bitcoin is not an alternative to currency and never has been. Bitcoin is a good way to buy something without paying taxes, and something in a dark market. You can also trade it, but it’s better to use other cryptocurrencies for this, plus you can also use bots as from my list - best crypto trading bot (if I get a commission from them if that :D :D :D )
weemac
Posts: 645
Joined: Mon Sep 16, 2013 8:16 pm

Just spotted Bitcoin cash price fell 35% in the space of 2 hours this morning. I wonder why the sudden move.
User avatar
Euler
Posts: 20425
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

So much for it being a hedge on 'normal' assets!
User avatar
Euler
Posts: 20425
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

21:30

-28.77%

$5.6k

Curiously, Bitcoin, indexes, Gold, Oil all down.
weemac
Posts: 645
Joined: Mon Sep 16, 2013 8:16 pm

A ban is to be introduced from Jan 6th for retail traders on trading CFDs or spread bets on Cryptos as they are "ill-suited for retail traders due to the possibility of sudden and unexpected losses". (Source: FCA)

The nanny state extends its grip. Again.
User avatar
The Silk Run
Posts: 235
Joined: Mon May 14, 2018 12:53 am

Migrate to Gaming. NOT included in the UK governments wide ranging reviews, and consultations !!!
User avatar
superfrank
Posts: 2713
Joined: Fri Aug 14, 2009 8:28 pm

Image

Bitcoin up 5 fold since Covid lows in March.

I read that Lily Allen was once offered 200,000 bitcoin to play a gig. She turned it down!
User avatar
Euler
Posts: 20425
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

It's interesting, as Bitcoin more or less shares the same problems as conventional assets, probably worse. FOMO in full effect at the moment.

Widestream acceptance is growing though, so that will drive it short term.
User avatar
gutuami
Posts: 1810
Joined: Wed Apr 15, 2009 4:06 pm

a new high
You do not have the required permissions to view the files attached to this post.
Post Reply

Return to “Trading Financial markets”