Cryptocurrency

[AtW]

This is gonna **** a lot of folk in this thread, assuming they traded during the good times and are still HODLing.

The real good one is “using cryptoassets to pay for goods or services”

[AtW]

“HMRC does not consider the buying and selling of cryptoassets to be the same as gambling.‘

[DimPrawn]

“HMRC does not consider the buying and selling of cryptoassets to be the same as gambling.‘

Is because with gambling there is at least some chance you will come out on top?

[Cirrus]

Deja vu all over again

Bitcoin Difficulty Drops Over 7%

It's interesting that although in theory Bitcoin adapts to lower demand, the above article indicates miners are exiting the cryptocurrency market in a way that puts a question mark over stability.

I'm reading The Great Crash 1929 by KH Galbraith. You'd only need to change a few names to make it tell very much the same story as Bitcoin. OK 1929 happened faster but the move from the current Bitcoin-like faltering to the sudden plummet off a cliff came without any warning whatsoever. If Scooter had been around there is no doubt in my mind he would have nailed it with his graphs and chartspeak but for the rest of you: don't read anything into the recent minor upticks.

[scooterscot]

Bitcoin Difficulty Drops Over 7%

It's interesting that although in theory Bitcoin adapts to lower demand, the above article indicates miners are exiting the cryptocurrency market in a way that puts a question mark over stability.

I'm reading The Great Crash 1929 by KH Galbraith. You'd only need to change a few names to make it tell very much the same story as Bitcoin. OK 1929 happened faster but the move from the current Bitcoin-like faltering to the sudden plummet off a cliff came without any warning whatsoever. If Scooter had been around there is no doubt in my mind he would have nailed it with his graphs and chartspeak but for the rest of you: don't read anything into the recent minor upticks.

Today's market has more in common with 1939 rather than 1929. Consider 1929 as our 2008. 39 is often ignored because of you know what, however the politics of the time as well as the debt are much more aligned with the present. Protectionism, trade wars, debt, central banks on a printing spree.

Bitcoin could not be further from this period of time for the simple reason, it is immutable. You cannot print more, capital control cannot be enforced, central banks cannot control.

The USA needs to accept it is about to have its USSR moment. Whether it'll happen without a shot being fired remains to be seen.

Agree regarding price action on the market. Don't read into it, that's what the heard are doing. There'll be other opportunities.

[darmstadt]

For the lover of a radically decentralized monetary system rooted in privately issued competitive currencies and free-banking from 140 years ago:

https://www.amazon.com/dp/0913610453

[b0redom]

Anyone seen Scooter? He's suspiciously quiet. Maybe he sold all his BTC at $100k on the 1st and is sunning himself in a tax haven somewhere.....

I missed when it hit the $100k, I note it's currently down to $3858 - down by 77.59% since this time last year..... Should've invested in the stock market I guess...

[northernladuk]

And right now is the time to do. WAX, WAVES, FCT (perhaps too late, already cleared 500% since bottom), XEM (NEM), Metal (MTL), they are all looking very poppy the moment.

Not any more they aren't...

[scooterscot]

Not any more they aren't...

Why bother commenting if you can't realise such huge profits? Those are gains people don't see in 10 year periods that were maid in the space of weeks.


WAVES - near 400% in the last 3 weeks

FCT - - almost 600% in the last 2 months

[northernladuk]

Why bother commenting if you can't realise such huge profits? Those are gains people don't see in 10 year periods that were maid in the space of weeks.


WAVES - near 400% in the last 3 weeks

FCT - - almost 600% in the last 2 months

No profits from when you called it to now though huh.