Bitcoin update.

[Optimistic Nick]

It will bounce back, as it always does. As an investor, you just need to hold steady and not panic sell.

Steady on there. Not everything bounces back. Although I suspect you are probably right in the medium term, the wall of governmental pressure is going to have an impact at some point and Bitcoin is a relatively limited currency. These things do have a function and there are coins that function better than bitcoin. At some point the value will be placed in that utility and who knows? Bitcoin may find itself a long way down the pecking order. And let's be honest, a lot of these currencies won't actually survive.

[stan butler]

Steady on there. Not everything bounces back. Although I suspect you are probably right in the medium term, the wall of governmental pressure is going to have an impact at some point and Bitcoin is a relatively limited currency. These things do have a function and there are coins that function better than bitcoin. At some point the value will be placed in that utility and who knows? Bitcoin may find itself a long way down the pecking order. And let's be honest, a lot of these currencies won't actually survive.

What coins function better than bitcoin?

[stan butler]

Is it worth buying just a few hundred quids worth?

[OurManFlint II]

Is it worth buying just a few hundred quids worth?

If you can afford to lose it go for it.

[stan butler]

If you can afford to lose it go for it.

Is a few hundred worth it though? I know i could lose out with them but whats the best profit i could hope for on say £400 worth?

[OurManFlint II]

Is a few hundred worth it though? I know i could lose out with them but whats the best profit i could hope for on say £400 worth?

Oh defiantly, i mean you won't be buying a super yacht but it really is worth understand a bit more about what it actually is, why its better than all the other coins, and what potential it can have as a decentralised "currency" rather than just looking to make some money.

[lardy]

Is a few hundred worth it though? I know i could lose out with them but whats the best profit i could hope for on say £400 worth?

You should be very happy if you've doubled your money in a year's time.

[OurManFlint II]

What coins function better than bitcoin?

None

[Optimistic Nick]

None

I've yet to be involved in an NFT that is part of a Bitcoin blockchain. All of the auctions I've been involved with have been in ethereum. I'm no expert but I do work alongside experts, and when I ask why we always seem to base everything off etherium I'm told that it is much more versatile than Bitcoin which can only really be used as a secure method for transfering value. Other blockchains are, I am told, capable of doing/transferring a lot more than Bitcoin can. And the things that I am involved with (to a limited extent) in ethereum have very real utility which is why I can understand where its value comes from.

[OurManFlint II]

I've yet to be involved in an NFT that is part of a Bitcoin blockchain. All of the auctions I've been involved with have been in ethereum. I'm no expert but I do work alongside experts, and when I ask why we always seem to base everything off etherium I'm told that it is much more versatile than Bitcoin which can only really be used as a secure method for transfering value. Other blockchains are, I am told, capable of doing/transferring a lot more than Bitcoin can. And the things that I am involved with (to a limited extent) in ethereum have very real utility which is why I can understand where its value comes from.

No doubt, but is Ethereum even a coin, isn't it a supercomputer to run dApps? So the above makes sense, however which coin functions better than Bitcoin, i still say none.

In the space of the masses of cyrpto shit out there ETH and BTC will be around forever, the rest i very much doubt it.