Cryptocurrency

[TheGreenBastard]

Weekend showdown - China versus JP Morgan Chase fighting for control of bitcoin.

Both of them are loading up on lower prices. Mark me words.

your track record is dire

[scooterscot]

my portfolio suggests otherwise

[ChimpMaster]

my portfolio suggests otherwise

Scoots are you back into BTC yet? Almost a 40% correction off the recent highs but there's no support until around $2000.

[TheGreenBastard]

my portfolio suggests otherwise

That's not my point, you're a bull market expert i.e. pure luck.

[FrontEnder]

Scoots are you back into BTC yet? Almost a 40% correction off the recent highs but there's no support until around $2000.

Wondering when to buy some myself.

[milanbenes]

oh dear

catching a falling knife eh

Milan.

[northernladyuk]

Are people holding cryptocurrency purely for speculative purposes?

[FrontEnder]

Are people holding cryptocurrency purely for speculative purposes?

Some are. Some are actively trading them and others are using as a currency for various reasons.

[milanbenes]

Are people holding cryptocurrency purely for speculative purposes?

no, they're holding them as the ultimate life insurance policy like gold, and they think gold is passe, and when the nuclear war or whatever comes, and there's no electricity they're going to find that their hard disk with a gazillion bitcoins on it is only good for a propping up their bed in their cave

Milan.

[FrontEnder]

oh dear

catching a falling knife eh

Milan.

Buy low, sell high.