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Bitcoin - you might do well to read this

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    Bitcoin - you might do well to read this

    Morning All,

    well we all know investing is simply about timing and asset class.

    And nobody can deny Bitcoiners have had a good run.

    Nevertheless anybody with Bitcoins could do well to read this,

    Regulator warns Bitcoin buyers: Be ready to lose all your money

    Don't say you weren't warned.

    Milan.

    #2
    Can we have all anti bitcoin news in the unofficial* anti thread:

    https://forums.contractoruk.com/gene...2-bitcoin.html

    Don't want them adding bitcoin to the banned list of words in General.

    *AtW not available until after last post of new year to make it official.
    Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

    Comment


      #3
      you muppet,

      this is not anti bitcoin

      investing is about timing and asset class

      this is research information for bitcoin investors

      Milan.

      Comment


        #4
        I'm afraid the ignorance on display is exactly why cryptocurrencies will remain viable (maybe not in this current wild west state) - lack of regulation, mathematical proof, public ledger, difficulty for one party to control (i.e. govs / bankers) are all strengths. "It's a odd commodity because it's finite", is this guy straight out of clown college?

        Comment


          #5
          Originally posted by milanbenes View Post
          you muppet,

          this is not anti bitcoin

          investing is about timing and asset class

          this is research information for bitcoin investors

          Milan.
          I expect you forgot a

          If you're serious then where exactly are we on the graph for Tulip Mania with bitcoin?

          Don't say this is different as there are many anecdotes online of people buying in only because the price is rising so much in recent weeks. Many of them know less than me about bitcoin, they don't care about any future potential, they just want a big profit.

          For sure there will be some making big money on this phase of bitcoin's life, but many more will be losing out over the coming weeks/months/years as that has to happen for the others to get rich. It's a zero sum game. Unless bitcoin gets widely adopted or secures a future where undesirables stash their ill gotten gains, then maybe the opportunity to cash in will be longer than a pure speculative bubble.

          Unfortunately it's all prediction and guess work, so gamble what you are willing to lose. Not remortgaging and maxing out credit lines like anecdotes elsewhere.
          Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

          Comment


            #6
            Hi hobo,

            I take back the muppet bit, it was purely a joke and not intended to offend

            this guy is saying it will go to 400,000U$D

            https://www.cnbc.com/2017/12/17/bitc...00-400000.html

            I don't hold any by the way

            do your own research etc etc

            Don't invest <cough> gamble what you cannot afford to lose

            I am curious, though, since September the 11th 2001, a zillion laws have been bought in regarding money laundering, know your client etc, transparency from CH private banks etc, and now there's bitcoin which is giving all of the world's dirty money a home

            Like the haircut which happened in Cyprus a couple of years ago (look it up on google if you don't know about it) where all the dirty money had a haircut, I am curious, what percentage of the money in bitcoin is dirty and hence, what an opportunity it presents for taking away dirty money if bitcoin were to be closed down

            https://www.rt.com/business/412700-b...bitcoin-piles/

            Milan.

            Comment


              #7
              Recently came across this news:

              'Wolf of Wall Street' says Bitcoin is a 'huge scam' | Daily Mail Online

              Comment


                #8
                Originally posted by milanbenes View Post
                Hi hobo,


                dribble dribble
                tl;dr ?


                summary: I've not bought any so I hope it fails.
                See You Next Tuesday

                Comment


                  #9
                  Originally posted by Lance View Post
                  tl;dr ?


                  summary: I've not bought any so I hope it fails.
                  poor Lance cheer up mate

                  I don't hold any and I am very happy if everybody becomes very rich and find their own happiness and inner peace

                  I am now past the point of debating what bitcoin is, it's now just a curiosity to watch where it goes

                  If it goes up perpetually then fantastic for people in that asset class, if it collapses, bad luck

                  Investing is about timing and asset class

                  Good luck,

                  Milan.

                  Comment


                    #10
                    Originally posted by milanbenes View Post

                    I am now past the point of debating what bitcoin is, but can't stop trying to predict its demise and downfall along with all those on the gravy train I missed.
                    FTFY


                    If you were actually so sure then why don't you short it?
                    See You Next Tuesday

                    Comment

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