The latest price of a Bit-coin.

[tuffers#1]

Some poor f*ckers being screwed over right here

[Adz]

When interest rates rise risk assets fall. Crypto is the greatest risk asset there is so it will fall the furthest. If you are that way inclined buy back in when the fed cuts rates.

Oh well, many so called ''Experts'' are still saying that long term the only way is UP for Bit-coin, we shall see and of course for anyone who is an enthusiastic Bit-coiner, surely now is the time to BUY, BUY, BUY !!

Experts Say Bit-coin Could Hit $100,000 In 2022. Here’s What Investors Should Know
Megan DeMatteo
June 18, 2022
It’s been a rocky start to the year for Bit-coin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if.
https://time.com/nextadvisor/investing/ ... edictions/

For expert read spruiker

[CEB]

Total lay person on this, but I can’t get past that it seems that people are only buying Bitofacon as an investment, not because they have a realistic expectation that it will be an actual currency. As such it seems obvious that anyone who is intending to “win” by investing is reliant on a mug losing out later on

[Fisch]

Total lay person on this, but I can’t get past that it seems that people are only buying Bitofacon as an investment, not because they have a realistic expectation that it will be an actual currency. As such it seems obvious that anyone who is intending to “win” by investing is reliant on a mug losing out later on

and those mugs are getting thinner on the ground.

[Sid Bishop]

Its on the rise again, sunk to just a tad over £15000 now in one day risen again to £16,505, so like volatile shares, buying and selling levels, so anyone who buys now perhaps sell if it goes above £28,000 !

[Max Fowler]

Total lay person on this, but I can’t get past that it seems that people are only buying Bitofacon as an investment, not because they have a realistic expectation that it will be an actual currency. As such it seems obvious that anyone who is intending to “win” by investing is reliant on a mug losing out later on

No one has to lose out for an earlier investor to ‘win’.

[Adz]

Total lay person on this, but I can’t get past that it seems that people are only buying Bitofacon as an investment, not because they have a realistic expectation that it will be an actual currency. As such it seems obvious that anyone who is intending to “win” by investing is reliant on a mug losing out later on

The very definition of a ponzi scheme

[CEB]

Total lay person on this, but I can’t get past that it seems that people are only buying Bitofacon as an investment, not because they have a realistic expectation that it will be an actual currency. As such it seems obvious that anyone who is intending to “win” by investing is reliant on a mug losing out later on

No one has to lose out for an earlier investor to ‘win’.

I didn’t say that - I said that intending to win by utilising the dynamics of this kind of investment is reliant on a mug losing later on. Doesn’t have to be at the next step.

[Max Fowler]

Total lay person on this, but I can’t get past that it seems that people are only buying Bitofacon as an investment, not because they have a realistic expectation that it will be an actual currency. As such it seems obvious that anyone who is intending to “win” by investing is reliant on a mug losing out later on

No one has to lose out for an earlier investor to ‘win’.

I didn’t say that - I said that intending to win by utilising the dynamics of this kind of investment is reliant on a mug losing later on. Doesn’t have to be at the next step.

No, it’s not reliant on someone losing out later on at all.

[Beradogs]

I just bought a few ethereum here for a bit of a punt. Sh1t or bust at 850

Such a great trade.

[Sid Bishop]

I just bought a few ethereum here for a bit of a punt. Sh1t or bust at 850

Such a great trade.

latest price is 922.58GBP, buy low, then sell high.
Of course then it comes down to a gamble as to when to sell and when to buy !

[CEB]

No one has to lose out for an earlier investor to ‘win’.

I didn’t say that - I said that intending to win by utilising the dynamics of this kind of investment is reliant on a mug losing later on. Doesn’t have to be at the next step.

No, it’s not reliant on someone losing out later on at all.

So it’s an investment that nobody loses out on?

[Sid Bishop]

I didn’t say that - I said that intending to win by utilising the dynamics of this kind of investment is reliant on a mug losing later on. Doesn’t have to be at the next step.

No, it’s not reliant on someone losing out later on at all.

So it’s an investment that nobody loses out on?

Its another form of gambling, so of course like gambling on a horse race or on high risk shares, some win and some lose out !
Only gamble what you can afford to lose.

[CEB]

Well yes. That’s my assumption.

[Dunners]

I didn’t say that - I said that intending to win by utilising the dynamics of this kind of investment is reliant on a mug losing later on. Doesn’t have to be at the next step.

No, it’s not reliant on someone losing out later on at all.

So it’s an investment that nobody loses out on?

So long as everyone just keeps on buying, then that's correct - nobody can possibly lose.

[CEB]

No, it’s not reliant on someone losing out later on at all.

So it’s an investment that nobody loses out on?

So long as everyone just keeps on buying, then that's correct - nobody can possibly lose.

That’s what I thought

[Max Fowler]

I didn’t say that - I said that intending to win by utilising the dynamics of this kind of investment is reliant on a mug losing later on. Doesn’t have to be at the next step.

No, it’s not reliant on someone losing out later on at all.

So it’s an investment that nobody loses out on?

Now is not the time to ask me that question.

[Max Fowler]

No, it’s not reliant on someone losing out later on at all.

So it’s an investment that nobody loses out on?

So long as everyone just keeps on buying, then that's correct - nobody can possibly lose.

'People' are still buying BTC.

[CEB]

No, it’s not reliant on someone losing out later on at all.

So it’s an investment that nobody loses out on?

Now is not the time to ask me that question.

Ooooff.

[CEB]

Invest in Lego. Holds its value at worst, increases significantly at best, and you get to make x-wings and ghostbusters cars free . What’s not to like?

[Currywurst and Chips]

The look of pity on the shopkeeper's face

[CEB]

The look of pity on the shopkeeper's face

Ever been in a Lego shop? I’m guessing not, because when you go in, it’s like you’ve gone into a Scientologist type cult run by Rod, Jane and Freddie

[Dunners]

Pound Sterling appears to be dropping faster than Bitofacon. Anyone know why?

[EliotNes]

Pound Sterling appears to be dropping faster than Bitofacon. Anyone know why?

The traders (for that read gamblers) in the money markets have decided to try and make some money on a falling pound. It'll come round again. (I had a friend work in the money markets for his bank in the 80's - the stories he used to tell me about how they decide what to buy and sell, IMO it was 90% gambling, nothing to do with the state of a countries economy.

And yes, I know that most trading is decided by computer algorithms nowadays, not actual people.

[Max B Gold]

Pound Sterling appears to be dropping faster than Bitofacon. Anyone know why?

You're doing that thing aren't you?

Is it because the American economy is the strongest it has been in a long time ?