Cryptocurrencies

[Efcjake]

I never said it was ending fiat or curing world poverty. I viewed it as a store of wealth. I believe the governments are taking action against it to protect their own fiat ponzi and will crush it like they’ve crushed precious metals.

My December purchases haven’t seriously affected my profits as I’m sure you’re aware.

https://www.grandoldteam.com/forum/threads/bit-coin-s.98800/page-23#post-5981360

It’s information for you to interpret in any way you choose.

Me, id say that’s indicative of the destruction of fiat

 

[larrygobfiend]

Happens this time every year @Kev The Rat. You should've stuck to your guns. Oh well, no early retirement for you, but at least you've made a nice wedge.

 

[Kev The Rat]

Not ruling out buying back in

 

[Azzurri]

I don’t think the world’s big governments will allow that. The second any cryptocurrency becomes a threat to the value of the US dollar, something will be done.

*fashions new tinfoil hat

Threat to the value of the dollar? I think we are well past that stage.

Are we?

In my opinion I think it’s got well past that, yes.

In what way?

I’ve stated it multiple times here but it’s been ignored/laughed at - people are turning to crypto because if a total lack of faith in national currencies.

But nowhere near enough people to cause a fall in the value of the dollar surely?

That’s not the only way I would define threat.

But since you raise the point - National currencies have indeed collapsed against crypto.

...

I never said it was ending fiat or curing world poverty. I viewed it as a store of wealth. I believe the governments are taking action against it to protect their own fiat ponzi and will crush it like they’ve crushed precious metals.

My December purchases haven’t seriously affected my profits as I’m sure you’re aware.

Hiya, kev. Stick with me and you’ll be sound mate.

 

[larrygobfiend]

Not ruling out buying back in

That's the Kev I'm talking about!!!

 

[Bungle]

Not ruling out buying back in

 

[evilwebby]

If Kev's genuinely made any money then he's done well. It is impossible to accurately predict the top in a bubble, never mind one as big and volatile as cryptos have been. The professionals are the ones who bought much earlier and then got out when everyone else was getting excited about them... while at the same time publicly "predicting" 50k Bitcoin, y'know.. just to lure the suckers in while they were selling up.

All said, 20k down to 7k is a hell of a haircut. Wouldn't surprise me if we see a 50% bounce to rebuild some optimism, but I for one will be steering well clear!

 

[orly]

Not ruling out buying back in

I have a good feeling about it if you do Kevin.

*looks to the seaside

 

[Connor]

Not ruling out buying back in

lollol

 

[Azzurri]

Not ruling out buying back in

Got to admire someone who goes against absolutely all logic and tells the internet.

 

[Efcjake]

Not ruling out buying back in

Oh WOW

 

[GrumpyBlue]

Oh WOW

Stupid is what stupid does.

 

[Efcjake]

Stupid is what stupid does.

Stupid doesn't actually have any bitcoins or if he does he bought them in December and made a loss.

 

[Groucho]

Yeah still no clue about all this.

 

[Toast]

Some serious money will be lost on the UK stock market in about an hour..

Maybe this new currency is the way ahead ?