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Crypto currency (IF banned from CA)

Marius57 said:
That did make me laugh 😂
Click to expand...

Glad it wasn't just me.

I'm also suprised to see such an esteemed investor as Damo, with a company/board discussing their investments and crumpets no less, using terms like 'initial input' instead of 'principal'.

I see he picked up a few buzzwords from me the other day though which is cute.

This thread is very entertaining.
 
YoboCopter said:
Its funny how jealous and scared people are of people who make money of crypto

Its actually more entertaining than the profit

They all just convince themselves its bad and ponzi because there too scared to invest

Comedy gold happens every time
Click to expand...

I'm really happy for the people who are making money off it.

Ive got a few mates that are always dipping in and out, im happy for them, im happy for you if you are making bank.

It's just not for me.

So I'm not jealous, scared? Maybe, I prefer low yield guaranteed returns, so I don't play the stock market or gamble much any more.

So good luck with your investments, to the moon.
 
Goat said:
I'm really happy for the people who are making money off it.

Ive got a few mates that are always dipping in and out, im happy for them, im happy for you if you are making bank.

It's just not for me.

So I'm not jealous, scared? Maybe, I prefer low yield guaranteed returns, so I don't play the stock market or gamble much any more.

So good luck with your investments, to the moon.
Click to expand...
Bit too gambly for me. It's a value based on "feelz"
 
YoboCopter said:
Its funny how jealous and scared people are of people who make money of crypto

Its actually more entertaining than the profit

They all just convince themselves its bad and ponzi because there too scared to invest

Comedy gold happens every time
Click to expand...
Just because people make money doesn't make it not a Ponzi scheme. That's actually a key feature of getting people to buy into the Ponzi scheme.

What are people using Bitcoin for outside of a store of value? It's not really had any large scale adoption as a currency. If El Salvador was as successful as some have claimed then loads of countries would be following their example.
 
Efcjake said:
Just because people make money doesn't make it not a Ponzi scheme. That's actually a key feature of getting people to buy into the Ponzi scheme.

What are people using Bitcoin for outside of a store of value? It's not really had any large scale adoption as a currency. If El Salvador was as successful as some have claimed then loads of countries would be following their example.
Click to expand...
Call it a bubble sure, but by definition it's not a ponzi scheme, there is no guy in the middle dishing out returns like madoff. The price is driven up by speculation and the next guy buying, like everything else in the world.
 

Tommy. said:
Glad it wasn't just me.

I'm also suprised to see such an esteemed investor as Damo, with a company/board discussing their investments and crumpets no less, using terms like 'initial input' instead of 'principal'.

I see he picked up a few buzzwords from me the other day though which is cute.

This thread is very entertaining.
Click to expand...

I'm glad the thread police are fine with it

To be honest I didn't read what you wrote or your buzzwords. Sorry to report
 
Goat said:
I'm really happy for the people who are making money off it.

Ive got a few mates that are always dipping in and out, im happy for them, im happy for you if you are making bank.

It's just not for me.

So I'm not jealous, scared? Maybe, I prefer low yield guaranteed returns, so I don't play the stock market or gamble much any more.

So good luck with your investments, to the moon.
Click to expand...

I'm not "dipping in and out". We've had Bitcoin now for over 6 years.

With no changes expected to our position on it either.

It's just sitting there generating wealth / value for us. Well above inflation rates. That was the intention and expectation.
 
Damo_1878 said:
I'm glad the thread police are fine with it

To be honest I didn't read what you wrote or your buzzwords. Sorry to report
Click to expand...

The fact you replied to me several times? Of course that actively saved forum exchange isn't proof at all.

You're not very bright for a WUM.

Just admit you were lying and we'll move on, no harm no foul.

Also please explain why an investing company would say 'initial input' instead of "principal'.
 
DuuuncanHadaPigeon said:
Call it a bubble sure, but by definition it's not a ponzi scheme, there is no guy in the middle dishing out returns like madoff. The price is driven up by speculation and the next guy buying, like everything else in the world.
Click to expand...
Well a Ponzi scheme doesn't have someone in the middle it has someone profiting off of the top of the pyramid.

These would be your early adopters and whale investors who are generating profit from increasing demand.

The Bitcoin itself isn't actually producing any inherent value. It's value is being derived from the next person paying more for it than the person before. This is where the Ponzi comparisons come in. Yes, it's also a bubble. It's a Ponzi because you have large investors spending money to generate public interest in acquiring Bitcoin as that is the only thing driving the price.

I cannot remember the last time I heard people even bother spreading hype about the Blockchain concept. That's firmly been replaced with AI as the latest all-hype tech development that's scamming investors with promises of huge returns.
 

Tommy. said:
The fact you replied to me several times? Of course that actively saved forum exchange isn't proof at all.

You're not very bright for a WUM.

Just admit you were lying and we'll move on, no harm no foul.

Also please explain why an investing company would say 'initial input' instead of "principal'.
Click to expand...

We're not an "investing company". I work in legal. We set up an investment company vehicle (outside the UK) to do our investment

Also I can use whatever term I like. It's a statement of fact it was our "initial input" on the Bitcoin investment. Why would I describe it otherwise? I'm not in a banking or finance forum
 

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