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Bitcoin

That's another false conflation of the payment mechanism with the speculative asset imo. Bitcoin may well become the future of payment transactions (seems unlikely considering its energy usage and slow transaction times) but that doesn't mean that bitcoins are an asset that'll inherently grow in value. When contactless payments came along you didn't see folk rushing out to acquire lots of cards with the aim of selling them for $100k each.

El Salvador are a special case anyway, with a U.S. dollar based economy. This move is essentially a play to get more dollars into the country imo.

Follow the money. Huge financial institutions are buying up Bitcoin and crypto. More and more places are taking it as a form of payment and it's not going away. I don't see it as a pyramid scheme at all. It will go up and down in cycles like most investments do. Right now it's still in a bull market and I think we'll see $100,000 Bitcoin with the next 12 months. I've done very well buying and selling crypto. Take profits and slowly cost averaging back in. Some people will buy high and get burnt, that's inevitable. Most investor's are patient enough to hold and buy when there's a bear market.
 
Follow the money. Huge financial institutions are buying up Bitcoin and crypto. More and more places are taking it as a form of payment and it's not going away. I don't see it as a pyramid scheme at all. It will go up and down in cycles like most investments do. Right now it's still in a bull market and I think we'll see $100,000 Bitcoin with the next 12 months. I've done very well buying and selling crypto. Take profits and slowly cost averaging back in. Some people will buy high and get burnt, that's inevitable. Most investor's are patient enough to hold and buy when there's a bear market.
For a noobie, is there a particular app or website that can inform you of how to go about getting started with this?
 
For a noobie, is there a particular app or website that can inform you of how to go about getting started with this?

I'd use the apps Coinbase and crypto.com. They are well established and safe places to buy and store crypto. Once you have them downloaded, it's fairly simple to buy many different crypto's from there. Here's a video from YouTube that should help.

 
Follow the money. Huge financial institutions are buying up Bitcoin and crypto. More and more places are taking it as a form of payment and it's not going away. I don't see it as a pyramid scheme at all. It will go up and down in cycles like most investments do. Right now it's still in a bull market and I think we'll see $100,000 Bitcoin with the next 12 months. I've done very well buying and selling crypto. Take profits and slowly cost averaging back in. Some people will buy high and get burnt, that's inevitable. Most investor's are patient enough to hold and buy when there's a bear market.
I've heard all of those lines dozens of times but I've still never found anyone who can explain to me how money gets into the system to drive an increase in price, other than by somebody being prepared to pay more for the exact same asset than someone else did previously.

I looked at trades right back to the inception of Bitcoin and by my reckoning everybody who currently holds bitcoin paid an average of $5k for them. So there's plenty paper profit sitting around but the idea that there's a market that would buy all of those people out at a 10 or 20 times multiplier strikes me as unlikely.

If everyone who currently holds Marks & Spencer shares suddenly decided to sell their shares tomorrow they'd find buyers for them as they have an intrinsic value as a share of future profits. They'd undoubtedly take a haircut due to supply and demand imbalances but they'd still get a decent wedge. If everybody who holds bitcoin decided to sell it'd fall off a cliff and become worthless.

Some people will make money, but it'll be the ones who get out and back into fiat before the implosion. Much like a pyramid scheme, get in low and get out before it collapses.
 
I'd use the apps Coinbase and crypto.com. They are well established and safe places to buy and store crypto. Once you have them downloaded, it's fairly simple to buy many different crypto's from there. Here's a video from YouTube that should help.

Thank you sensi, shall have a watch. 👍
 
I've heard all of those lines dozens of times but I've still never found anyone who can explain to me how money gets into the system to drive an increase in price, other than by somebody being prepared to pay more for the exact same asset than someone else did previously.

I looked at trades right back to the inception of Bitcoin and by my reckoning everybody who currently holds bitcoin paid an average of $5k for them. So there's plenty paper profit sitting around but the idea that there's a market that would buy all of those people out at a 10 or 20 times multiplier strikes me as unlikely.

If everyone who currently holds Marks & Spencer shares suddenly decided to sell their shares tomorrow they'd find buyers for them as they have an intrinsic value as a share of future profits. They'd undoubtedly take a haircut due to supply and demand imbalances but they'd still get a decent wedge. If everybody who holds bitcoin decided to sell it'd fall off a cliff and become worthless.

Some people will make money, but it'll be the ones who get out and back into fiat before the implosion. Much like a pyramid scheme, get in low and get out before it collapses.

I suspect the main value is its potential for anonymous storage and transferral of money. There's a big market for that but I'd guess little of it is entirely legitimate and there are other digital currencies which have the same properties.

I've often wondered about gold in the same way, if governments sold their gold, it would have little value beyond making trinkets and tiny amounts in electronics, industry etc. It's only valuable because the owners don't sell. Same could be said for Bitcoin, I suppose.
 
I suspect the main value is its potential for anonymous storage and transferral of money. There's a big market for that but I'd guess little of it is entirely legitimate and there are other digital currencies which have the same properties.

I've often wondered about gold in the same way, if governments sold their gold, it would have little value beyond making trinkets and tiny amounts in electronics, industry etc. It's only valuable because the owners don't sell. Same could be said for Bitcoin, I suppose.
Agree that there's a value to some people in anonymous money movement, but again that's about the underlying technology. not the asset itself. If I want to pay a hitman on the other side of the world I can do that by converting from fiat currency to bitcoin, sending the payment, hitman receives it then converts straight back to fiat. There's no need to sit on a stash of bitcoin to make that happen.

I also agree that there's a lot of similarity to gold, although it turns out that gold does have more intrinsic value than I thought (for the reasons you mention - jewellery / electronics etc). No-one gets into gold as a way to make investment gains over the long term though, it's just seen as a stable store of value when people are afraid of stock market volatility. It managed to serve that purpose when covid hit, and increased in value by 4% in March 2020. Bitcoin singularly failed to be a stable store of value at that time, losing 25% of value in the same time period.

Don't get me wrong, I'm sure a number of people will make big bucks from Bitcoin. However the idea that everyone who's currently sitting on Bitcoin is going to make a profit is utterly fanciful. And if anybody wants to know the precise moment when it'll crash, I can advise that it would be approximately five minutes after I bought some, if that ever happened.
 
Screenshot_20210910-190901.jpg

Even Hibs getting involved in the crypto/blockchain game now 😆
 
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Even Hibs getting involved in the crypto/blockchain game now 😆
Bet Hibs are making them pay in good old pounds though...
 
Bet Hibs are making them pay in good old pounds though...
For now! 😉
 
XRP since I first tipped it at $0.20 is now trading at $1.17 Up over 500%

Cardano ADA Since the start of the year was $0.20 and now $2.75. Up over 2200%

Vechain since the start of the year. $0.02 and now $0.12. Up 500%

Safemoon which I predicted also was the loser of the bunch, losing 125% That one I did feel was a complete punt. The others above I still feel have some room to grow.

Other crypto I have researched that I like going forward I'll list below. I invested in these last month and already seeing big gains. I'll mark the price next to them and see where we are in a year.

Celer Network - CELR $0.045 This one I'm really BIG on. I think this has massive potential to make big moves upwards. That's my top pick from the list

Polkadot - DOT $26 Another one I like with great potential

Solana - SOL $76 This one has already shot up over 100% since I invested in it a month or so back. Again I see a lot of potential with this. Very undervalued.

I know some think crypto is crazy and refuse to accept it as an investment. I study the market pretty hard and try to keep an eye on the crypto currencies that are undervalued and go under the radar. Just bumping this for anyone that's interested.

Bought Celer when you posted this and it’s doubled so far. Bit of a dip past couple of weeks like the rest of the market but is holding a lot of it’s gain. You still excited about this one?
 
Bought Celer when you posted this and it’s doubled so far. Bit of a dip past couple of weeks like the rest of the market but is holding a lot of it’s gain. You still excited about this one?

Yes, still very bullish on CELR. I'm expecting October thru December to be big for all crypto. I'll be taking profits around the end of November to be safe. I think CELR is still undervalued and will go up even further.
 
Return seems too good to be true, for me. Be careful if you ever do sign up, be prepared to be contacted incessantly by somebody called Karl,
 
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Bought Celer when you posted this and it’s doubled so far. Bit of a dip past couple of weeks like the rest of the market but is holding a lot of it’s gain. You still excited about this one?

What did you use to buy it? Doesn’t show as being available on my Coinbase app in the UK.
 
What did you use to buy it? Doesn’t show as being available on my Coinbase app in the UK.

crypto.com
 
i bought into one called mybricks a couple weeks ago seemingly only launched a 8 weeks ago and so far so good even with the recent pull back I’m over 400% up. Never put that much into it so I’m going to hold for a bit long term and see where it goes
 
What did you use to buy it? Doesn’t show as being available on my Coinbase app in the UK.

Same as chuck, Crypto.com. The big plus this has going for it, is when it does get listed on Coinbase, it will get an immediate 40-50% boost in price. Still nice and early to get on board.

Been a bit of a pullback this week, but traditionally September is a bad month for crypto. Expecting October and November to be BIG! I took advantage of the dip and bought in again. Coins below are what I bought on the dip.

CELR
SOL
AVAX
VET
ETH
 
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I bought Dogecoin at just under 7 cents and am holding. I pulled out my original investment months ago so now I only have fun money to play with which is nice. Big drops the last week or two but just going to hold on and not care.
 
I bought Dogecoin at just under 7 cents and am holding. I pulled out my original investment months ago so now I only have fun money to play with which is nice. Big drops the last week or two but just going to hold on and not care.

Topped up my Safemoon after the dip too. Out of all the crypto, that's my biggest punt. The rest I'm confident in, this one's a total gamble though. They recently just released a safemoon wallet on Android which makes it so much easier to buy, rather than jump through the hoops you had to before. When the wallet was released, the price jumped up 20% They recently submitted the wallet to the Apple App store to be released too. I think when it becomes available on Apple, it's going to get a big boost in price again.

Nice profits from Doge! That's one I completely missed the boat on. A lot of people made big bucks from that one. Had a nice wee run up today as well 👍
 
Another small dip in the market, loading up some more. October thru December is going to be big!
 
$100,000 Bitcoin by end of year
 
$100,000 Bitcoin by end of year
Have finally taken the plunge and invested. I haven't put alot in to begin with, will see how it goes.
 
Have finally taken the plunge and invested. I haven't put alot in to begin with, will see how it goes.

Good luck! Expecting good things
 
Good luck! Expecting good things
China issuing their own digi currency causing any worries ? (should be)...
 
China issuing their own digi currency causing any worries ? (should be)...
News regarding China that you'd assume would be detrimental to bitcoin comes out every few weeks, doesn't seem to have an effect any more

Been buying Verasity recently, worth looking into as they have a patented 'proof of view' thing which companies will be able to use to determine whether their ads are being viewed by real people, could be huge in the advertising space. Market cap still only £250m.

Dipped my toes into NFTs the other week too, could be interesting
 
China issuing their own digi currency causing any worries ? (should be)...
I'd probably take the view that anyone who's not already worried at paying $50k for something that everyone else who currently holds it paid an average of $5k for is unlikely to be worried by anything China does.
 
News regarding China that you'd assume would be detrimental to bitcoin comes out every few weeks, doesn't seem to have an effect any more

Been buying Verasity recently, worth looking into as they have a patented 'proof of view' thing which companies will be able to use to determine whether their ads are being viewed by real people, could be huge in the advertising space. Market cap still only £250m.

Dipped my toes into NFTs the other week too, could be interesting
Had a look at Verasity earlier, seems to have taken a bit of a dip. Not looked at NFTs yet.
 
Had a look at Verasity earlier, seems to have taken a bit of a dip. Not looked at NFTs yet.
Yeah it's pulled back slightly in the last couple of days after a nice run for a few weeks
 
Bit like house prices.

Up. Up. Up. etc etc etc

pop

tears.
 
Bit like house prices.

Up. Up. Up. etc etc etc

pop

tears.

That's a fair analysis. If you're smart you take profits along the way. Also when the market crashes, hold, ride it out, don't panic sell. Been a few crashes with Bitcoin, always comes back with all time highs similar to the housing market.
 
For anyone involved in investing, how long have you been doing it? And what is the biggest increase you've seen in a day/week/month? Percentage wise I mean.
 
For anyone involved in investing, how long have you been doing it? And what is the biggest increase you've seen in a day/week/month? Percentage wise I mean.
Investing is an odd choice of word.
 
That's a fair analysis. If you're smart you take profits along the way. Also when the market crashes, hold, ride it out, don't panic sell. Been a few crashes with Bitcoin, always comes back with all time highs similar to the housing market.

So I guess that you have paid a presumably largish mortgage off, credit etc for cars, kids education and one of the most profit motivated undemocratic health systems on this planet, if so splendid, I tip my fedora to you , however, short of winning the Lottery, more importantly are you still working your fucking arse off the like most of the unenlightened in North America,South America, Asia Australasia, and Europe.Tell me and any Bounce bitcoin affecianados if your dabble has made you Tony Gallenti.

I may give it a bash


BIG G
 
Investing is an odd choice of word.
You know what I mean... Gambling! :22:
 
You know what I mean... Gambling! :22:
Ha that's more like it. You're safe till I take a punt io
 
I predict that bitcoin will nudge $60k before crashing to zero. There's an enormous amount of irrationality involved so it may even go to three times that. Some people will make an absolute mint. Most will crash and burn. Much like ponzi.

No doubt the bitcoin bros will disagree but none of them can answer questions about the fundamentals so I'll pass on their "it's going to the moon" rhetoric.
 
Why are you tight fisted bastards not buying the club and getting us Messi?
 
So I guess that you have paid a presumably largish mortgage off, credit etc for cars, kids education and one of the most profit motivated undemocratic health systems on this planet, if so splendid, I tip my fedora to you , however, short of winning the Lottery, more importantly are you still working your fucking arse off the like most of the unenlightened in North America,South America, Asia Australasia, and Europe.Tell me and any Bounce bitcoin affecianados if your dabble has made you Tony Gallenti.

I may give it a bash


BIG G

I'll be straight with you G. I bought 33 Bitcoin at an average price of $450 about 7 years ago. I cashed in all but 10 which I still hold.

I reinvested a lot of the money in to order crypto that are currently doing very well since investing. You can choose to look at my previous posts where I posted the prices at the times over the years and see that some are way up in price.

Right now I'm not buying any Bitcoin, there's more value in other crypto projects if you do your research. I spend hours and hours a week looking at different projects that I see value in.

As for my lifestyle. I have a small mortgage left to pay, no credit card, or car payments and have a college fund set up for my wee man for when he's older. I'm buy no means rich, but comfortable. I've worked hard, and done some shitty jobs over the years too. Started working in the Royal Mail humping bags up and down stairs at the age of 16. Since being state side, even spent a year stocking shelf's in Walmart as it paid more than the factory job I worked.

I'm not here to brag, or anything like that. Just share what knowledge I have from having a hand in Bitcoin and crypto for almost 10 years. I'd love nothing more than a bunch of fellow Hibees to make a right few quid.
 
I'll be straight with you G. I bought 33 Bitcoin at an average price of $450 about 7 years ago. I cashed in all but 10 which I still hold.

I reinvested a lot of the money in to order crypto that are currently doing very well since investing. You can choose to look at my previous posts where I posted the prices at the times over the years and see that some are way up in price.

Right now I'm not buying any Bitcoin, there's more value in other crypto projects if you do your research. I spend hours and hours a week looking at different projects that I see value in.

As for my lifestyle. I have a small mortgage left to pay, no credit card, or car payments and have a college fund set up for my wee man for when he's older. I'm buy no means rich, but comfortable. I've worked hard, and done some shitty jobs over the years too. Started working in the Royal Mail humping bags up and down stairs at the age of 16. Since being state side, even spent a year stocking shelf's in Walmart as it paid more than the factory job I worked.

I'm not here to brag, or anything like that. Just share what knowledge I have from having a hand in Bitcoin and crypto for almost 10 years. I'd love nothing more than a bunch of fellow Hibees to make a right few quid.
Fair play if you're encouraging Hibees to spend 60 thousand pounds to buy the exact same thing you spent 300 quid on. Who could possibly lose right?
 
Fair play if you're encouraging Hibees to spend 60 thousand pounds to buy the exact same thing you spent 300 quid on. Who could possibly lose right?

Go read post #148 At no point have I told anyone to spend 60 grand on Bitcoin. I just said as much in my last post that I wouldn't buy Bitcoin right now. I still think it hits $100,000 year end, but see value in other crypto.

You go take a look at post #148. Anyone buying those coins at that time will have done very well. Much better than betting Hibs to win 3-0 ever week.
 
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