KD1711 Posted September 1, 2022 Share Posted September 1, 2022 1 minute ago, DiegoDiego said: Good god. How did someone like that get their hands on 60k to begin with? They are quite prominent online and probably got over confident and went in, I know of someone who remortgaged 400k out his house and put it into crypto and lost 50% before taking the hit and cashing out. Euphoria does mental things to people. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted September 1, 2022 Share Posted September 1, 2022 1 hour ago, KD1711 said: When XRP went to 1.90 last April there is a paid group on instagram called Crypto Glasgow spouting pish like this about it being the new reserve currency. Had a look at their twitter page, XRP Permabull means they're idiots or scammers surely. 1 Quote Link to comment Share on other sites More sharing options...
KD1711 Posted September 1, 2022 Share Posted September 1, 2022 Had a look at their twitter page, XRP Permabull means they're idiots or scammers surely. They’re total idiots, when they started their group they used to post their buys - £300 a month on xrp etc. As soon as their paid group took off they started talking in percentages rather than posting their actual buys and cutting about with Porsches and Aston martins and claiming it was their crypto profits (had about 2000 subs at their peak paying £50 a month.)I tried to watch one of their lives and it was embarrassing they can’t read a chart despite being crypto educators [emoji23].They regularly delete any calls as well that go to shit to make themselves look good online. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted September 1, 2022 Share Posted September 1, 2022 The MLM element is the saddest part of it. People who probably won't make much quite happy to string along people who will definitely lose out. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted September 21, 2022 Share Posted September 21, 2022 (edited) This may be of interest Edited September 21, 2022 by topcat(The most tip top) 1 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted September 22, 2022 Share Posted September 22, 2022 Down 100bn dollars in a week. https://www-independent-co-uk.translate.goog/tech/crypto-market-latest-interest-rate-bitcoin-price-b2172808.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB&_x_tr_pto=wapp Buy the dip? 1 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted September 23, 2022 Share Posted September 23, 2022 20 hours ago, Suspect Device said: Down 100bn dollars in a week. Have you told the wife? 2 Quote Link to comment Share on other sites More sharing options...
KD1711 Posted September 26, 2022 Share Posted September 26, 2022 On 23/09/2022 at 10:10, Sergeant Wilson said: Have you told the wife? She left him for Satoshi. 0 Quote Link to comment Share on other sites More sharing options...
iron mike python Posted September 26, 2022 Share Posted September 26, 2022 It is a good time to switch your chosen crypto portfolio currency as GBP..... You won't feel down as much. 2 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted September 26, 2022 Share Posted September 26, 2022 43 minutes ago, iron mike python said: It is a good time to switch your chosen crypto portfolio currency as GBP..... You won't feel down as much. Finally! some investment advice that makes perfect sense 1 Quote Link to comment Share on other sites More sharing options...
iron mike python Posted September 26, 2022 Share Posted September 26, 2022 9 minutes ago, topcat(The most tip top) said: Finally! some investment advice that makes perfect sense The GBP chart is mad, really mad. It could get even worse. (GBP is showing more volatility than BTC currently) I'm sure the BoE will take some action to try and stop it falling but this could increase inflation. 0 Quote Link to comment Share on other sites More sharing options...
Fraser Fyvie Posted September 26, 2022 Share Posted September 26, 2022 The problem with GBP is its just a ponzi with infinite supply and no intrinsic value. Looks like the bubble is finally bursting. 2 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted September 26, 2022 Share Posted September 26, 2022 23 minutes ago, iron mike python said: GBP is showing more volatility than BTC currently The pound has dropped 6% against the Euro over the last 6 months, but it's gained 47% against BTC. So swings and roundabouts. 1 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted September 26, 2022 Share Posted September 26, 2022 1 minute ago, Fraser Fyvie said: The problem with GBP is its just a ponzi with infinite supply and has no intrinsic value. Looks like the bubble is finally bursting. The pound has dropped because the market has lost faith in the UK's will to control inflation and debt. Bitcoin drops because of an Elon Musk tweet. 3 Quote Link to comment Share on other sites More sharing options...
Fraser Fyvie Posted September 26, 2022 Share Posted September 26, 2022 (edited) 41 minutes ago, welshbairn said: The pound has dropped because the market has lost faith in the UK's will to control inflation and debt. Bitcoin drops because of an Elon Musk tweet. You see, the thing with GBP is you're basically just hoping someone will buy it off you for more than you paid for it before the music stops and it eventually crashes to zero. I just prefer to hold more stable assets like bitcoin I guess. Edited September 26, 2022 by Fraser Fyvie 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted September 26, 2022 Share Posted September 26, 2022 (edited) 2 hours ago, welshbairn said: The pound has dropped 6% against the Euro over the last 6 months, but it's gained 47% against BTC. So swings and roundabouts. To be fair to Mr Python he was talking about short term volatility right now And given that the pound has lost and then more or less regained about 4% against the dollar between midnight and breakfast he's currently correct Of course if a butterfly flaps it's wings a bit funny in Bolivia Bitcoin might say "hold my beer" and do something even more dramatic this afternoon ETA: Bitcoin has gained and the more or less lost 3% in the last 6 hours so it's a fairly close run thing Edited September 26, 2022 by topcat(The most tip top) 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted September 26, 2022 Share Posted September 26, 2022 Loving the fact that the crypto nut jobs are trying to get some comfort out of the £ crashing against the $. Go on yersel lads! 1 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted September 26, 2022 Share Posted September 26, 2022 5 hours ago, topcat(The most tip top) said: To be fair to Mr Python he was talking about short term volatility right now And given that the pound has lost and then more or less regained about 4% against the dollar between midnight and breakfast he's currently correct Of course if a butterfly flaps it's wings a bit funny in Bolivia Bitcoin might say "hold my beer" and do something even more dramatic this afternoon ETA: Bitcoin has gained and the more or less lost 3% in the last 6 hours so it's a fairly close run thing Aye, but I always thought crypto was for the long term, buy on the dip and hold till it bleeds or whatever. Flash trading is another thing, but I'm sure, even if you have the time and expertise to take advantage of very short term volatility, it's a lot quicker to dump sterling than crypto. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted September 26, 2022 Share Posted September 26, 2022 (edited) 3 hours ago, welshbairn said: Aye, but I always thought crypto was for the long term, buy on the dip and hold till it bleeds or whatever. Flash trading is another thing, but I'm sure, even if you have the time and expertise to take advantage of very short term volatility, it's a lot quicker to dump sterling than crypto. It’s a doddle to dump sterling i offloaded plenty in the pub during and after the Scotland game ETA: This post does not constitute investment advice. Beer can come back up as well as go down Edited September 26, 2022 by topcat(The most tip top) 5 Quote Link to comment Share on other sites More sharing options...
iron mike python Posted September 28, 2022 Share Posted September 28, 2022 Does anybody in this thread have an urge to buy USD Stable Coins or Bitcoin/ Ethereum at this point in time to hedge against the drop in GBP? I know the majority feeling in this thread is negative towards digital assets (since it got moved to General Nonsense) but doesn't even 1% of your body feel like you should hedge? 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.