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  1. #2416
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    Quote Originally Posted by jonu View Post
    Elon musk is proving not to be as smart as he would have you believe. What he has been very good at is utilising other peoples ideas....that and self promotion. His high speed tunnel and driverless carts look great in their computer animations but he is very short on detail when it comes to some of the practical problems they create. Getting off topic. Some Crypto currencies may be useful, certainly criminals love them for laundering cash. As for BTC offering something we haven't seen before? Scams come in many different guises and we have certainly seen elements of this one before.
    Its very easy for someone uneducated on a matter to call it a scam. You say we've seen elements of this scam before. Care to elaborate? I'd also love to hear your theory of how BTC is a scam exactly.

  2. #2417
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    Quote Originally Posted by Paddles View Post
    Its very easy for someone uneducated on a matter to call it a scam. You say we've seen elements of this scam before. Care to elaborate? I'd also love to hear your theory of how BTC is a scam exactly.
    Take a read through this thread paddles. I can't be arsed going through it all again. It's not BTC in particular, the whole crypto bubble. As pointed out through out the thread, it is not to say that there is no potential utility in crypto currencies.

  3. #2418
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    Quote Originally Posted by jonu View Post
    Take a read through this thread paddles. I can't be arsed going through it all again. It's not BTC in particular, the whole crypto bubble. As pointed out through out the thread, it is not to say that there is no potential utility in crypto currencies.
    Absolutely there are crypto scams, I dont think any money or currency in history has been immune to scammers.
    That doesn't mean BTC is scam.

    BTC is a digital asset, it's value, as is with anything, is what someone is willing to pay for it.

    Since its inception people have dismissed it, every "bubble" and subsequent crash has been labled its death knell. And in every case it has bounced back and smashed previous all time highs. Except for one of course :-)

    With the verious on-ramps into crypto now, the next bull run will see $100k BTC I've got no doubt. I don't know if that's now but one thing is for sure, there is lots of money sitting on the sidelines ready to enter as each residence level is broken through.

  4. #2419
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    Hey paddles....

    Here on sharetrader the crypto denial crew is heavy on the tulip patrol... They know the tulips so well they link cryptocurrency to its impending doom....they can tell you everything about tulips from grades of bulbs to trading prices... but you ask them one thing and they cant tell you anything about cryptocurrency.... nudda...
    The only term they know is shiitcoin and their only advice is to short crypto....
    You wouldnt believe how intelligent some of these posters are yet they continue to remain in denial and after the huge progress it is making (even in a falling market)... that one can continue to deny the emergence of crypto NO MORE.....!!!....
    Listen to the nonsense of it all....
    As you said there is so much money on the sidelines waiting to invest...
    And as I said the intrepretted charts were for crypto to fall to $2500-$2800 btc and if it took off before that would be extremely bullish .... crypto is about to unravel and take off this is the moment where the tulip patrol stop the nonsense and sit back and just watch this pup fly oh my ...
    Cryptocurrency holdings in utrust cardano and power ledger... ripple... neo.... .....LOCI ...
    Market capitalisation 130billion...
    Coinmarketcap.com

  5. #2420
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    I agree bitcoin to $100,000us
    Cryptocurrency holdings in utrust cardano and power ledger... ripple... neo.... .....LOCI ...
    Market capitalisation 130billion...
    Coinmarketcap.com

  6. #2421
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    Quote Originally Posted by Shrewd Crude View Post
    I agree bitcoin to $100,000us
    You still won't (can't) explain how you come up with this figure.

    What people seem to miss with crypto as a currency is that to be a valid currency it will need to be stable.
    Once it is stable then it won't (can't) be a 100 bagger or any bagger really.

    The blockchain is fine, crypto is fine - when it becomes stable.
    Still have to sort out the energy issues though.

  7. #2422
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    Quote Originally Posted by dobby41 View Post
    You still won't (can't) explain how you come up with this figure.

    What people seem to miss with crypto as a currency is that to be a valid currency it will need to be stable.
    Once it is stable then it won't (can't) be a 100 bagger or any bagger really.

    The blockchain is fine, crypto is fine - when it becomes stable.
    Still have to sort out the energy issues though.
    Once it's stable you've missed the boat.

  8. #2423
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    Quote Originally Posted by Paddles View Post
    Once it's stable you've missed the boat.
    Then thats is just silly. If people want to trade and they cant use, say Bitcoin, because they missed the boat then they (the buyer and Seller) will find a currency both parties can trade. No business is going to limit their customer base only to the holder of a certain cryptocurrency.

  9. #2424
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    Quote Originally Posted by Paddles View Post
    Once it's stable you've missed the boat.
    So we agree then that, at the moment, this is purely speculation and not an 'investment' at all.
    Gambling.
    I'm fine with that - do as you wish - just don't call it an investment (any more than buying a lotto ticket or visiting the casino).

  10. #2425
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    Quote Originally Posted by dobby41 View Post
    So we agree then that, at the moment, this is purely speculation and not an 'investment' at all.
    Gambling.
    I'm fine with that - do as you wish - just don't call it an investment (any more than buying a lotto ticket or visiting the casino).
    Yep, pension fund, Uni endowment funds and others are now buying the equivalent lotto tickets instead of investing

    https://www.coindesk.com/yale-univer...gm-crypto-fund
    https://www.bloomberg.com/news/artic...ed-400-million
    https://www.forbes.com/sites/michael...-capital-fund/

    Why isn't this raising more alarm bells?

    I think any investor looking to diversify their portfolio should have some exposure to crypto.

  11. #2426
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    Quote Originally Posted by Entrep View Post
    Yep, pension fund, Uni endowment funds and others are now buying the equivalent lotto tickets instead of investing

    https://www.coindesk.com/yale-univer...gm-crypto-fund
    https://www.bloomberg.com/news/artic...ed-400-million
    https://www.forbes.com/sites/michael...-capital-fund/

    Why isn't this raising more alarm bells?

    I think any investor looking to diversify their portfolio should have some exposure to crypto.
    Exposure to Lotto might be in order also.

  12. #2427
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    Samsung obviously believe that this space is worth taking seriously enough to warrent native intergration on their devices.

  13. #2428
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    Dobby,
    You dont grasp concepts that well... you act like a preschooler who has been bunking classes and then when your not completing homework tasks that you expect to be spoon fed....
    Man.....

    An investment is merely an expection to make a positive return... when you gamble you can not expect to make a positive return... buddy so crypto is therefore investing...!!
    Dobby,
    You need some extra after class tuition...
    In detention!!!
    Cryptocurrency holdings in utrust cardano and power ledger... ripple... neo.... .....LOCI ...
    Market capitalisation 130billion...
    Coinmarketcap.com

  14. #2429
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    Quote Originally Posted by Shrewd Crude View Post
    Dobby,
    You dont grasp concepts that well... you act like a preschooler who has been bunking classes and then when your not completing homework tasks that you expect to be spoon fed....
    Man.....

    An investment is merely an expection to make a positive return... when you gamble you can not expect to make a positive return... buddy so crypto is therefore investing...!!
    Dobby,
    You need some extra after class tuition...
    In detention!!!
    When people gamble they don't do so to lose - they expect to win.
    So in your book that is an investment.
    Go for it - fill your boots but crypto, until it has more stability, is speculation (gambling) pure and simple.

  15. #2430
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    Default Why FB allows all these Crypto scams ...

    Quote Originally Posted by Entrep View Post
    Yep, pension fund, Uni endowment funds and others are now buying the equivalent lotto tickets instead of investing

    https://www.coindesk.com/yale-univer...gm-crypto-fund
    https://www.bloomberg.com/news/artic...ed-400-million
    https://www.forbes.com/sites/michael...-capital-fund/

    Why isn't this raising more alarm bells?

    I think any investor looking to diversify their portfolio should have some exposure to crypto.
    https://ice3x.co.za/swedens-cryptocu...gTTfrTpB2kbEW4
    People don't have ideas, ideas have people

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