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Unread 14-06-2022, 08:20 AM
Hyman_Roth
 
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Quote:
Originally Posted by Switching Off
Coinbase. That's my referral code, in the spirit of transparency. But that really is the simplest place for a novice.
Thanks pal. Will look into it.
 
Unread 14-06-2022, 08:49 AM
shenwen
 
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Quote:
Originally Posted by Hyman_Roth
Should I be buying into this stuff (bitcoin) now and whatís the best platform to do so for a novice?
I wouldn't be touching it right now. A lot of volatility, most of it downward. See the video Armers posted

Also, be aware of high fees and the fact that some of these platforms could - and have - disappear overnight, taking all your money with it.

It's a casino, mostly. If you have the balls - or like the rush - go for it. Even so, one of the first rules of investment (and I know this is speculation not investment, but still): be wary of putting your money into something you don't understand
 
Unread 14-06-2022, 09:05 AM
Hyman_Roth
 
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Quote:
Originally Posted by shenwen
I wouldn't be touching it right now. A lot of volatility, most of it downward. See the video Armers posted

Also, be aware of high fees and the fact that some of these platforms could - and have - disappear overnight, taking all your money with it.

It's a casino, mostly. If you have the balls - or like the rush - go for it. Even so, one of the first rules of investment (and I know this is speculation not investment, but still): be wary of putting your money into something you don't understand
All sage stuff shenners. I donít understand it and am not that motivated to do so but I quite like the idea of it.

Iíll try and do some more research. Always presumed the big named investment platforms would provide a pathway to bitcoin but if they donít then Iíll probably pass. Not sending £50k to George Adawangawango via Cousin Benson type shit.
 
Unread 14-06-2022, 09:37 AM
jem
 
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Quote:
Originally Posted by Hyman_Roth
Should I be buying into this stuff (bitcoin) now and whatís the best platform to do so for a novice?
do you have a time machine?

if not (a) would you like to contribute to my time machine development programme - you will get a significant return if we are successful (see the what odds would you back united thread and imagine the odds in the many thousands to one), but success is ... um... not guaranteed; (b) no. unless you fancy a flutter. it's not an investment. seriously.
 
Unread 14-06-2022, 10:25 AM
Gypsum Fantastic
 
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Keith, the guy from the tweet wrote a great micro-book/essay called 'The Bitcoin Standard'. Good starting point and definitely worth reading before you get involved.
 
Unread 14-06-2022, 10:34 AM
jem
 
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I also have a book recommendation.

https://www.amazon.co.uk/Time-Machin...d=OG95PXGUR445
 
Unread 14-06-2022, 10:38 AM
tatty
 
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Iím still not convinced of its utility, or longevity, as an investment.

I got involved whilst momentum was positive but the chart now looks pretty awful, especially when you overlay against the nasdaq and see they are almost correlated to 1. Crypto should be marching to its own drum not being pulled about by the equity markets.

However, it has recovered from apparent death spirals before so if sentiment turns positive Iíll be back in working on the Ďgreater foolí theory.
 
Unread 14-06-2022, 10:45 AM
jem
 
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one day, some (not too distant) future ai will decree that bitcoin contributed to the global environmental disaster and it will track down anyone who ever invested and kill them. unfortunately, due to the inherent technology, there will be no arguing with the evidence.

liquidate your bitcoin and invest in analogue home defence systems now.
 
Unread 14-06-2022, 11:07 AM
Hyman_Roth
 
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Thanks all.

Donít get Jemís time machine reference but hay whatís new?
 
Unread 14-06-2022, 11:12 AM
jem
 
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Quote:
Originally Posted by Hyman_Roth
Thanks all.

Donít get Jemís time machine reference but hay whatís new?
if I had a time machine, I would definitely invest in bitcoin, because the historical performance has been excellent. otherwise, not so much.
 
Unread 14-06-2022, 11:16 AM
Bunker Buster
 
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Quote:
Originally Posted by Hyman_Roth
Thanks all.

Donít get Jemís time machine reference but hay whatís new?
It's pretty obvious.... If you had a time machine you could back to when it was worth buying...

You could of course invest in my ship, but I must warn you, it has sailed, etc....
 
Unread 14-06-2022, 11:24 AM
waynes ear's
 
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Keep an eye on what Tether is doing.
 
Unread 14-06-2022, 11:27 AM
shenwen
 
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Quote:
Originally Posted by Gypsum Fantastic
https://twitter.com/saifedean/status...j8GT8jMOXEShmA

Keith, the guy from the tweet wrote a great micro-book/essay called 'The Bitcoin Standard'. Good starting point and definitely worth reading before you get involved.
Bitcoin is the best performing asset class of the past 10 years, 10x more returns than the second placed Nasdaq 100.

Still doesn't make it an attractive gamble right now.

See Jem and time machines.
 
Unread 14-06-2022, 11:55 AM
Gypsum Fantastic
 
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Well, right now if you can find attractive gambles please let me know.

Some gold, more btc, few stocks/trackers, some property, some disaster cash.
 
Unread 14-06-2022, 12:34 PM
Hyman_Roth
 
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Quote:
Originally Posted by jem
if I had a time machine, I would definitely invest in bitcoin, because the historical performance has been excellent. otherwise, not so much.
Oh.
 
Unread 14-06-2022, 01:18 PM
waynes ear's
 
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Quote:
Originally Posted by Gypsum Fantastic
Well, right now if you can find attractive gambles please let me know.

Some gold, more btc, few stocks/trackers, some property, some disaster cash.
Shorting crude
 
Unread 14-06-2022, 01:19 PM
tatty
 
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Quote:
Originally Posted by waynes ear's
Shorting crude
Definitely wonít be a dull ride.
 
Unread 18-06-2022, 09:36 AM
tatty
 
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Thereís some wealth destruction going on with BTC.

£15,700.

There looks like a pretty solid floor around £7,000/£8,000Öa reasonable entry point perhaps?
 
Unread 18-06-2022, 10:35 AM
Mr_Ed
 
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Think £12,500 ($15k for Tory Dave) will be the bottom based on previous events but you never know what else could happen.
 
Unread 18-06-2022, 10:40 AM
Tory Dave
 
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Could you all stop referring to the price in GBP?

Thanks.
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