Bitcoin

[Scoobos]

I doubled my cash in BTC from £5k to 10.5K last year and cashed out in October. Then two months later it was £25k.

And that my friend, is the pain of dealing in Bitcoin. It never goes away either. My mates 10's of thousands earnt, became "1 point something" million lost, in 2016 :/

I thought my mate cashing out at 33k in December was wise, and look now just 2 months later he'll be feeling the pain too.

It helps somewhat, to be a bleedin heart liberal - its fuelling crime and corruption and people are profiting from that.

[AtW]

It’s a clear Ponzi scheme now

[d000hg]

So do any of you diversify or is there no point with anything except BTC unless you're really an expert? As I said in the other thread, I put a small amount in to see how it all works and decided to split it 5 ways on ones I'd heard of... but there's dozens I hadn't heard of and I can't see the point.

Is it now the point anyone can start their own currency and so that's what is happening? There's a small temptation to put £5 into each tiny currency and forget about it

[_V_]

It’s a clear Ponzi scheme now

From 2018

https://www.seattletimes.com/opinion...-ponzi-scheme/

So no, my barber shouldn’t buy bitcoin. This will end badly, and the sooner it does, the better.

I hope he doesn't go back to that barber and ask for a Turkish shave

[_V_]

So do any of you diversify or is there no point with anything except BTC unless you're really an expert? As I said in the other thread, I put a small amount in to see how it all works and decided to split it 5 ways on ones I'd heard of... but there's dozens I hadn't heard of and I can't see the point.

Is it now the point anyone can start their own currency and so that's what is happening? There's a small temptation to put £5 into each tiny currency and forget about it

I have a selection of what I call "the best tulipcoins out there" too. We are in a booming alt coin season.

[Lockhouse]

I have a selection of what I call "the best tulipcoins out there" too. We are in a booming alt coin season.

I'm still running two masternodes for a particular tulipcoin - my stash currently worth 30ishK - was 60k last week and 20k the week before that. Not enough volume for me to cash out at the moment.

[jamesbrown]

It gets to the point where 10% per day is disappointing

Just wait a little longer and you'll be disappointed with a negative daily win of 50%.

[_V_]

just wait a little longer and you'll be disappointed with a negative daily win of 50%. :d

i will not be the bag holder. Not this time!!!!

[_V_]

It’s a clear Ponzi scheme now

I would liken it more to a game of poker. Join the table, play the game, walk away with the pot. Don't get greedy. Don't believe the crypto bulltulip. Don't be the mark.

[jamesbrown]

i will not be the bag holder. Not this time!!!!

If you accept it as a punt and don't bet the house, then punt away. Nothing wrong with a bit of fun

The problem arises when you start to sniff your own farts too much, like scootie.