Crypto currency (IF banned from CA)

[YoboCopter]

Mate iv been telling them for over 2 years here and the lads I go the match with since 2016, they just laugh and ridicule, although the lads in the pub don't mention it now lol

Can lead a horse to water... comes to mind

 

[witchdoc187]

Think ETH might go big this year

 

[Efcjake]

Mate iv been telling them for over 2 years here and the lads I go the match with since 2016, they just laugh and ridicule, although the lads in the pub don't mention it now lol

Maybe they just don't want to be left the holding bag while you lads make your profit.

The entire thing is just a pump and dump cycle.

There is money to be made but it could all go tits up at any second because these values are all built solely on speculation .

 

[Kev The Rat]

blah blah blah.....

You hold for the long term. Mate youve been proven wrong on more than one occassion on this matter, time to pack it in eh?

 

[nikom court]

Maybe they just don't want to be left the holding bag while you lads make your profit.

The entire thing is just a pump and dump cycle.

There is money to be made but it could all go tits up at any second because these values are all built solely on speculation .

Give it up mate lol

 

[GrandOldTeam]

Maybe they just don't want to be left the holding bag while you lads make your profit.

The entire thing is just a pump and dump cycle.

There is money to be made but it could all go tits up at any second because these values are all built solely on speculation .

I don't invest in Crypto because I don't understand it, but isn't what you've described there is most of the market?

A stop loss order would give a good amount of peace of mind too.

 

[Efcjake]

You hold for the long term. Mate youve been proven wrong on more than one occassion on this matter, time to pack it in eh?

In the long term I see the arse falling out.

There are only so many "next greatest fool" in line to buy into the market expecting easy profit. When that dries up what then?

It hasn't been adopted as a currency and it never will be.

The value is purely driven by speculation and nothing like how fiat currency has its value determined.

 

[nikom court]

In the long term I see the arse falling out.

There are only so many "next greatest fool" in line to buy into the market expecting easy profit. When that dries up what then?

It hasn't been adopted as a currency and it never will be.

The value is purely driven by speculation and nothing like how fiat currency has its value determined.

You were saying all this when bitcoin was 3-4k,I'd quit if I was you!

 

[Kev The Rat]

In the long term I see the arse falling out.

There are only so many "next greatest fool" in line to buy into the market expecting easy profit. When that dries up what then?

It hasn't been adopted as a currency and it never will be.

The value is purely driven by speculation and nothing like how fiat currency has its value determined.

how fiat currency has its value determined - haha thats a good one.

 

[Efcjake]

I don't invest in Crypto because I don't understand it, but isn't what you've described there is most of the market?

A stop loss order would give a good amount of peace of mind too.

Well it depends on the products you are buying. Commodities, company shares, they have some tangible value and a portion of it is speculated value influencing its price. Not all products have some sort of tangible value attached.

Currency gets value determined by the demand for the currency. Usually the demand for currency is because people need it to use it as a medium of exchange for goods and services.

Bitcoin as a currency is only being valued based on the speculation someone will pay more it tomorrow than today on the expectation that someone will pay them more for it thebday after. Not because people need the currency to use for exchange.

The more exchange happening in a currency traditionally the more demand for that currency and the higher value. That isn't a factor in the price of a bitcoin.

 

[nikom court]

 

[Efcjake]

You were saying all this when bitcoin was 3-4k,I'd quit if I was you!

Nothing that has happened has changed my opinion.

What is driving bitcoin growth other than the idea someone else will pay you more for it tomorrow?

Don't try and blag me and tell me folk are jumping into bitcoin because they believe the technology is worth something because that might have been true for early adopters but it definitely isn't now.

 

[Kev The Rat]

A load of nonsense spouted

Have you been proven wrong over the last 3 years?
Yes.
End of conversation

But good luck with being a no coiner hope it works out for you.

 

[Efcjake]

how fiat currency has its value determined - haha thats a good one.

If you could respond with something resembling an intelligent argument you would.

You just don't have it in you Kev.

You bought bitcoin because you wanted to play the speculation game. That's fine. Just don't try to make out like you did some actual analysis beyond that when making your decision.

I remember your arse falling out and you selling up your entire stake a few years back. Then you said you bought back in at a higher price.

You're hardly Warren Buffet

 

[Efcjake]

Have you been proven wrong over the last 3 years?
Yes.
End of conversation

But good luck with being a no coiner hope it works out for you.

Kevin if you had it in you to actually make a decent discussion out of this we would be having one.