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Unread 01-01-2021, 12:41 PM
waynes ear's
 
Default Bitcoin 2021

 
Unread 03-01-2021, 05:46 AM
tatty
 
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Put another limit order in at £21,700.

Feels hugely toppy but i've been saying that for months now.
 
Unread 03-01-2021, 06:50 AM
waynes ear's
 
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Care to expand on “toppy” Tatty? Odd statement given supply is being further restricted
 
Unread 03-01-2021, 07:34 AM
tatty
 
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Quote:
Originally Posted by waynes ear's
Care to expand on “toppy” Tatty? Odd statement given supply is being further restricted
I don't think there has been an asset class in the whole of human history that has not crashed after seeing a parabolic rise and a degree of hysteria.

This book was written over 150 years ago and is still relevant today...

https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of _Crowds

I'm not saying we've seen the peak of Bitcoin; i've no idea if we will see £30k or £130k but bubbles never deflate gradually when they do eventually go.
 
Unread 03-01-2021, 07:47 AM
waynes ear's
 
Default

just to be clear I wasn't having a pop at you pal, i'm interested in other peoples views on this apart from the usual "MOOOOOOOOON" or "oh god its dead" after dropping 2% in 20 minutes

someone on reddit earlier posted about Saudi money flowing in. I never even thought about that and its startling to think that the oil bastards (at least not publicly) haven't started hoovering up any sats yet

this is pretty cool

 
Unread 03-01-2021, 10:02 AM
Carlton
 
Default

It’ll continue to rise for as long as the printing machine goes brrrrrr. It’s a hedge against inflation and the continued devaluation of the traditional currencies. The smart money knows the scale of the damage to the traditional economy caused by lockdown is absolutely huge and yet to be revealed. Who wants to be holding dollars when the shit hits the fan?

It’s a store of value for when the bail ins start.
 
Unread 04-01-2021, 01:35 PM
Lok
 
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What's currently the best platform for buying and selling.
 
Unread 04-01-2021, 01:40 PM
Cream
 
Exclamation

Quote:
Originally Posted by Lok
What's currently the best platform for buying and selling.
For you? Ebay.

Stay out of financial affairs.
 
Unread 04-01-2021, 01:47 PM
Lok
 
Default

Quote:
Originally Posted by Cream
For you? Ebay.

Stay out of financial affairs.
Right...

I've been paper trading using coinbase rates. The buy and sell prices are a bit shit compared to market rates plus fees on top. It also seems to take an eternity to make the transaction.

I have a reasonable amount to invest so needs to be something secure but don't want to be messing around too much creating wallets etc...
 
Unread 04-01-2021, 02:11 PM
Carlton
 
Default

Quote:
Originally Posted by Cream
For you? Ebay.

Stay out of financial affairs.


Quote:
Originally Posted by Lok
Right...

I've been paper trading using coinbase rates. The buy and sell prices are a bit shit compared to market rates plus fees on top. It also seems to take an eternity to make the transaction.

I have a reasonable amount to invest so needs to be something secure but don't want to be messing around too much creating wallets etc...
Uh oh. He’s bitten off more than he can chew here.
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