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Thread: Bitcoin update

  1. #1

    Bitcoin update

    It has been a negative year overall but things are changing.
    Sentiment is turning. Attention is focused on an ETF. An exchange traded fund. An ability to invest in bitcoin without actually owning bitcoin which in itself is moderately difficult and requires some effort.

    The problem for an ETF is that you can’t really short bitcoin. The reason is that there is a finite supply and unlike shares that can always be increased by issuing more bitcoin is limited.

    Only approximately 715,000 people worldwide have 1 or more bitcoin in their own private wallet. Hard to believe but this statistic excludes the many investors that are foolishly leaving their bitcoin investment in an exchange wallet.

    The price must surge soon unless the cryptography is broken.

    Price now £6,250. Let’s see where it is when the season kicks off.

  2. #2

    Re: Bitcoin update

    I remortgaged my house and lost 42 grand after one of your previous pieces of advice

  3. #3

    Re: Bitcoin update

    Great you had a mortgage in the first place otherwise you would have lost more 😂😂😂😂😂

    I never give advice.

  4. #4

    Re: Bitcoin update

    Still peddling this shit , I have 100 lucky bags I my attic , a years time you will be desperate to swap your worthless rubbish .

  5. #5

    Re: Bitcoin update

    Look porn star why do you read a thread headed up bitcoin update if you are a non believer. YAAFT

  6. #6

    Re: Bitcoin update

    I do struggle to believe, or get my head around how the IMF, big banks and governments will ever introduce this to society. I definitely don't know enough, but it does seem very pie in the sky. Not an attack, an observation.

  7. #7

    Re: Bitcoin update

    My answer to that is that a little research will make it clear that there is more to trust in crypto than sterling as we know and use it.

  8. #8

    Re: Bitcoin update

    Quote Originally Posted by AlwaysAway2 View Post
    My answer to that is that a little research will make it clear that there is more to trust in crypto than sterling as we know and use it.
    But even if there is more trust, the governments and banks won't really care about that will they ? Doesn't fit their agenda's...

  9. #9

    Re: Bitcoin update

    It will all end in tears

  10. #10

    Re: Bitcoin update

    Quote Originally Posted by AlwaysAway2 View Post
    It has been a negative year overall but things are changing.
    Sentiment is turning. Attention is focused on an ETF. An exchange traded fund. An ability to invest in bitcoin without actually owning bitcoin which in itself is moderately difficult and requires some effort.

    The problem for an ETF is that you can’t really short bitcoin. The reason is that there is a finite supply and unlike shares that can always be increased by issuing more bitcoin is limited.

    Only approximately 715,000 people worldwide have 1 or more bitcoin in their own private wallet. Hard to believe but this statistic excludes the many investors that are foolishly leaving their bitcoin investment in an exchange wallet.

    The price must surge soon unless the cryptography is broken.

    Price now £6,250. Let’s see where it is when the season kicks off.

    Not everyone decides to just sit & hold their bitcoin. A lot of those who have their coins on an exchange are doing so because they are actively trading. I have a Ledger Nano S, however, my bitcoin is on my Bittrex exchange at this moment, due to the fact I've been trading and trying to capitalise on the constant peaks and troughs that bitcoin has been going through since the beginning of this year.

  11. #11

    Re: Bitcoin update

    The landlord in my local still won't accept it. Philistine.

  12. #12

    Re: Bitcoin update

    It's dropped to just over £6,000 today!

  13. #13

    Re: Bitcoin update

    Quote Originally Posted by GL1Blue View Post
    It's dropped to just over £6,000 today!
    And if it doesn't pick up again over the weekend I am a Jack.

  14. #14

    Re: Bitcoin update

    Qué!!!!!!

  15. #15

    Re: Bitcoin update

    Quote Originally Posted by AlwaysAway2 View Post
    And if it doesn't pick up again over the weekend I am a Jack.
    Up and down more than a lift mate, my money is in ripple, got in dirt cheap just need it to go the same way as ethereum!

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