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Cryptocurrency

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    $101 billion has now been pumped into crypto. For how long this will continue but watch that number. When it starts falling in a big way I'm for the off. This will happen in the next 18-24 months if the dotcom boom is anything to go by.

    Will not sell it all though. Instead I'll short it big time.

    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    Comment


      Originally posted by scooterscot View Post
      $101 billion has now been pumped into crypto. For how long this will continue but watch that number. When it starts falling in a big way I'm for the off. This will happen in the next 18-24 months if the dotcom boom is anything to go by.

      Will not sell it all though. Instead I'll short it big time.
      I am seriously pissed I missed the 27th last week.... not sure I wanna put money in at this point, seems to be another bubble...

      As I asked before, would it not make more sense to use your LTD Company to invest?

      Comment


        There's always 'missed' points. Put it behind you as quickly as possible and move on. Hope you managed to buy into some Stellar when it was hovering around $.031 ten days ago. Now at $0.052!

        I'm in Germany. We do cash accounting here. Ltd companies are for 'companies', you know places with more than 1 or 2 people rather than tax dodging vehicles.
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

        Comment


          Originally posted by scooterscot View Post
          There's always 'missed' points. Put it behind you as quickly as possible and move on. Hope you managed to buy into some Stellar when it was hovering around $.031 ten days ago. Now at $0.052!

          I'm in Germany. We do cash accounting here. Ltd companies are for 'companies', you know places with more than 1 or 2 people rather than tax dodging vehicles.
          Trouble is so many different cryptos not enough to cover all of them or even most of them.
          Rhyddid i lofnod psychocandy!!!!

          Comment


            Originally posted by psychocandy View Post
            Trouble is so many different cryptos not enough to cover all of them or even most of them.
            Have the same issue. More so difficult to know / understand who the competition is.
            "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

            Comment


              Originally posted by scooterscot View Post
              $101 billion has now been pumped into crypto.

              Comment


                Originally posted by AtW View Post
                $100 billion has been pumped into Sterling via QE
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  Originally posted by scooterscot View Post

                  I'm in Germany. We do cash accounting here. Ltd companies are for 'companies', you know places with more than 1 or 2 people rather than tax dodging vehicles.
                  I am not sure the local small company would be happy with that remark, plenty of companies that have 2 3 people working, plumbers, construction workers, accountants, lawyers etc. Somehow Germany thinks that any small company of under 5 people is a tax dodging vehicle? 99% of people dealing in crypto don't declare their profits since the government doesn't quite have the means to check it yet. How about crypto then, call that criminal tax dodging and illegal trading?


                  Etherum is going the hell up... jeee. Looks like the next bitcoin.

                  Here some nice reading:
                  https://cointelegraph.com/explained/...rice-explained


                  http://www.usdebtclock.org/world-debt-clock.html

                  Comment


                    Originally posted by scooterscot View Post
                    $101 billion has now been pumped into crypto
                    Nobody pumped $101 bln of real money into "crypto"

                    Comment


                      Originally posted by scooterscot View Post
                      $100 billion has been pumped into Sterling via QE
                      Yes, because BoE can print money in one nano-second, but buyers of "crypto" can't - "mining" isn't quick and getting exponentially harder.

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