My waves wod up more than 100% since November 20th, just as I predicted. Woah.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cryptocurrency
Collapse
X
Collapse
-
Last edited by scooterscot; 4 December 2018, 14:07."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Originally posted by scooterscot View Poston contra - contrarians are quite excited at the minute. The heard is looking away whilst I'm seeing many alt-coins looking like they are about to explode. Take my position on Factcom (FCT) as an example. Almost a 500% increase since the beginning of November. The current Satoshi value is more or less the same as it was in January. And it's just warming up. You'll all miss out on some serious gains remaining Bitcoin centric.
I see BTC as a potential opportunity for a calculated gamble.
Buy low, sell high. Or better still, buy when there's blood on the streets. At the moment, there's not been enough blood letting. If it goes below $3000, I'll start accumulating small amounts. Patience is the name of the game.Comment
-
Originally posted by stonehenge View PostI'm not bothered about missing out. It was FOMO that got a lot of people into trouble a year ago.
I see BTC as a potential opportunity for a calculated gamble.
Buy low, sell high. Or better still, buy when there's blood on the streets. At the moment, there's not been enough blood letting. If it goes below $3000, I'll start accumulating small amounts. Patience is the name of the game.
I still expect a weekly price <$3000. It might total panic sell down to $1100, but it'll be a day or two at most. If it does I've got cash waiting."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostDollar cost average in. Don't try and time the market. Not even Warren Buffet can time the market. No one can. At its very basic level people are going to be sending money over the internet in the coming years. Think about the future value of Bitcoin not the current. That's how good investors think, long term.
I still expect a weekly price <$3000. It might total panic sell down to $1100, but it'll be a day or two at most. If it does I've got cash waiting.Last edited by FrontEnder; 4 December 2018, 15:24.Comment
-
Current prediction having analysed all the analysis: Bitcoin is doomed.
If the price crashes people lose interest when currently the main use of it is as a speculative investment. Blockchain's lack of scalability means it won't be used as a currency by more than a few anytime soon. Lightening and other solutions yet to be proven.
If the price soars the world's governments will clampdown on it in the name of saving the planet (but really saving FIAT they can manipulate at will), due to all the CO2 mining it produces (estimated to be equivalent to 1 million transatlantic flights per year), which ramps up as the hashrate increases as more miners look to make money when the price soars. An inverted death spiral.
Solution: New crypto that doesn't use mining approach.
Problem: Governments will want to control it along with the banks, hence XRP.
Result: Perpetual war on alt currencies that drive it all underground and therefore remain only used by geeks.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
-
Originally posted by scooterscot View PostDollar cost average in.Comment
-
Originally posted by stonehenge View PostYep, that's what I intend to do.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by Hobosapien View PostCurrent prediction having analysed all the analysis: Bitcoin is doomed.
I'm willing to wager a small sum on the off chance that it does another moon shot. By small, I'm talking around one BTC (c. £3k).Comment
-
Originally posted by FrontEnder View PostNo one can time the market, but you're going to try anyway?!
HTHOriginally posted by Old GregI admit I'm just a lazy, lying cretinous hypocrite and must be going deaf♕Keep calm & carry on♕Comment
-
Originally posted by Hobosapien View PostCurrent prediction having analysed all the analysis: Bitcoin is doomed.
If the price crashes people lose interest when currently the main use of it is as a speculative investment. Blockchain's lack of scalability means it won't be used as a currency by more than a few anytime soon. Lightening and other solutions yet to be proven.
If the price soars the world's governments will clampdown on it in the name of saving the planet (but really saving FIAT they can manipulate at will), due to all the CO2 mining it produces (estimated to be equivalent to 1 million transatlantic flights per year), which ramps up as the hashrate increases as more miners look to make money when the price soars. An inverted death spiral.
Solution: New crypto that doesn't use mining approach.
Problem: Governments will want to control it along with the banks, hence XRP.
Result: Perpetual war on alt currencies that drive it all underground and therefore remain only used by geeks.
Bitcoin annual Twh consumption is 28.67 , so currently more than 3 times more efficient than the global banking system.
Blockchains lack of scalability? That's a strength imo, unless you prefer printed funny money.
The world's governments are suddenly going to collaborate to clampdown on Bitcoin when they can't even agree how to treat tax evading giants like Amazon & Apple? MMmmmm okay."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
Partners
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment