Cryptocurrencies

[larrygobfiend]

Higher lows is what it looks like to me

What made you enter the world of Bitcoin Kev? I'd like to know the story behind you deciding to risk 40k of your own money it. Obviously, it was worth the risk because you're on the brink of retirement.

Cheers pal.

 

[Bungle]

View attachment 43361

I don't know why, but when I read this thread, I always think of the film - Trading Places.

Plus it was a good excuse to post a pic of the magnificent Jamie Lee Curtis in her prime.

True Lies was prime Jamie Lee Curtis

 

[Goat]

MAN THE BATTLE STATIONS

WE ARE GOING DOWN, DIVE, DIVE, DIVE

 

[Huyton Layne]

View attachment 43361

I don't know why, but when I read this thread, I always think of the film - Trading Places.

Plus it was a good excuse to post a pic of the magnificent Jamie Lee Curtis in her prime.

mmmmm tiddies

 

[Bruce Wayne]

True Lies was prime Jamie Lee Curtis

You can see where she got it from

 

[Efcjake]

But cryptos/Bitcoin isn't a currency in the traditional sense of the word so any analogies such as this are false?

A currency is the disposable medium of a defined economic entity - and its performance in terms of market pricing is determined by two things as far as I'm aware:

1 - performance and outputs of its native economy
2 - perception of the (strengths) of that economy relative to other economies in the world

I'm very new to getting my head around this but do not see any relationship with traditional currencies. In my mind the best comparison is with the gold indexes but there, again, there's a flaw in that, at least with gold there is an underlying base value.

So taking it one step further - its more like a gold derivatives index?

Why is the analogy false? Bitcoin and its proponents tout it as a currency. There are characteristics about how it is managed that differentiate it from fiat but it is still intended to be used as a medium for exchange of value in transactions.

Performance and outputs of its native economy is what I was addressing when I was speaking about the turnover as currency turnover can be used as a measurement of the performance and outputs of the economy. More turnover means more demand for native currency which comes as a result of value added activities producing growth.

Now just because bitcoin isn't tied to a national GDP doesn't mean that it isn't subject to the same principles of increased demand caused by increased turnover caused by increased adoption and use. Bitcoin rises in value based on the demand level of the market, same as with a national fiat currency, and an increased turnover rate means increased demand and increased value of the Bitcoin as more people seek to purchase it to use it in their own purchasing activities.

I don't see it as being anything like a gold derivatives index because you can't take a holding in a gold derivatives index and use that to pay for a good or service without selling it and using the currency you receive in exchange to make your purchase which Bitcoin allows you to do.

 

[Bungle]

You can see where she got it from

This may sound rather stupid but I never knew that was her dad until you posted that.

 

[Bruce Wayne]

This may sound rather stupid but I never knew that was her dad until you posted that.

Her grandma was Czech.

 

[COYBL25]

True Lies was prime Jamie Lee Curtis

I'd forgotten about that one.

I may be away for a while, thanks x

 

[evilwebby]

This "new currency" argument is totally fallacious. 99.99% of current buying and selling is driven by pure speculation instead of facilitating the exchange of goods and services.

Real functioning currencies don't gyrate 5-10% a day.. unless they're in the death throws of hyperinflation.

 

[Bungle]

Her grandma was Czech.

Ah yeah you and your Czech connections, who'd have thought you'd be able to put the knowledge you now have about their liftstyle and culture to use on a Cryptocurrency thread on an Everton forum discussing Jamie Lee Curtis' tits.

 

[Bruce Wayne]

Ah yeah you and your Czech connections, who'd have thought you'd be able to put the knowledge you now have about their liftstyle and culture to use on a Cryptocurrency thread on an Everton forum discussing Jamie Lee Curtis' tits.

We actually cover Bitcoin regularly in lessons. Those who dabble are referred to as hloupy pici, chamtivý zmrdy or in Kev's case, a cvok.

 

[Bungle]

We actually cover Bitcoin regularly in lessons. Those who dabble are referred to as hloupy pici, chamtivý zmrdy or in Kev's case, a cvok.

Google doesn't translate that well, basically those that dabble are stupid, but Kev is a stud?

Has Joey hacked your account?

 

[Bruce Wayne]

Google doesn't translate that well, basically those that dabble are stupid, but Kev is a stud?

Has Joey hacked your account?

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[Bungle]

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