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.TUX. Flag 06 Aug 19 8.06am

Originally posted by dollardays

Bounces back once again. There's less action in Rocky!

It's fun

Still very early days...........


[Link]

Edited by .TUX. (06 Aug 2019 8.08am)

 

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Stirlingsays Flag 06 Aug 19 8.15am Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by .TUX.

It's fun

Still very early days...........


[Link]

Edited by .TUX. (06 Aug 2019 8.08am)

Watched a video by analyst Alessio Rastani saying that Bitcoin was about to dip.....just before it shot up again.

You have to laugh.

 

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.TUX. Flag 06 Aug 19 9.16am

Originally posted by Stirlingsays

Watched a video by analyst Alessio Rastani saying that Bitcoin was about to dip.....just before it shot up again.

You have to laugh.

I like him but equally this is why i avoid TA and trading. Long-term is far safer and not at all stressful.
Saying that, 'Crypto Daily' is always worth a watch

 

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.TUX. Flag 12 Aug 19 10.56pm

As posted many times previously, we're lining up nicely for the second part of the year.

SAGTTB.

 

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Invalid user 2019 Flag 12 Aug 19 11.27pm

I do get the feeling that if the economy hits the skids, Bitcoin may take up part of the role that gold once hit. Sure you could argue that it's too volatile to be a 'safe haven', but if anything in such circumstances there may be far more upside, so I'm sure its an option many will keep on the table.

 
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.TUX. Flag 13 Aug 19 12.12am

Originally posted by dollardays

I do get the feeling that if the economy hits the skids, Bitcoin may take up part of the role that gold once hit. Sure you could argue that it's too volatile to be a 'safe haven', but if anything in such circumstances there may be far more upside, so I'm sure its an option many will keep on the table.

Gold still rules the roost. Govt buying the yellow metal proves this......though they for reason they never tell the public?
It's no coincidence that when the economy died on 08/09 we witnessed the birth of Bitcoin.

 

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cryrst Flag The garden of England 19 Aug 19 8.41am Send a Private Message to cryrst Add cryrst as a friend

I watched 'the big short' last night.
Hard watch but well acted.
It struck me that nothing is new and everyone is a fraudster.
The banks lie about how good their books are.
The ratings agencies lie to keep the banks business.
People lie to get credit.

Nothing to make me think a different type of currency will change anything.

Maybe I missed the point in the film but that's how I saw it.

 
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Tom-the-eagle Flag Croydon 19 Aug 19 10.41am

Originally posted by cryrst

I watched 'the big short' last night.
Hard watch but well acted.
It struck me that nothing is new and everyone is a fraudster.
The banks lie about how good their books are.
The ratings agencies lie to keep the banks business.
People lie to get credit.

Nothing to make me think a different type of currency will change anything.

Maybe I missed the point in the film but that's how I saw it.

Great film.

Explained more about how the economy works than any book or documentary ever did.

 

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.TUX. Flag 19 Aug 19 1.23pm

Originally posted by cryrst

I watched 'the big short' last night.
Hard watch but well acted.
It struck me that nothing is new and everyone is a fraudster.
The banks lie about how good their books are.
The ratings agencies lie to keep the banks business.
People lie to get credit.

Nothing to make me think a different type of currency will change anything.

Maybe I missed the point in the film but that's how I saw it.

Maybe this will help..........
[Link]


 

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cryrst Flag The garden of England 19 Aug 19 7.53pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by .TUX.

Maybe this will help..........
[Link]


It shows the facts but surely that's just how it is.
The debt of 97% is basically how it works.
If all debt was called in then most of the world would be on its arse.
You pay for a service and borrowing money is a service.
Borrowing over the time to pay back is the equation.
2-3 times what you borrow as a total payback is and has always been the norm. The longer period the more the total.
Mortgages are a prime example.
Even smaller interest rates would create a large figure over the time of payback.
I still dont get how crypto wont eventually go this way.
Someone will eventually find a way to make out of it so back where we are now.

 
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.TUX. Flag 19 Aug 19 8.16pm

Originally posted by cryrst

It shows the facts but surely that's just how it is.
The debt of 97% is basically how it works.
If all debt was called in then most of the world would be on its arse.
You pay for a service and borrowing money is a service.
Borrowing over the time to pay back is the equation.
2-3 times what you borrow as a total payback is and has always been the norm. The longer period the more the total.
Mortgages are a prime example.
Even smaller interest rates would create a large figure over the time of payback.
I still dont get how crypto wont eventually go this way.
Someone will eventually find a way to make out of it so back where we are now.

Ok.

 

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cryrst Flag The garden of England 19 Aug 19 8.26pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by .TUX.

Ok.

No seriously is that not a very simple explanation.
How can it be different.
It's ok posting all your links and how great crypto is but it seems to me to just be a protest vote.
How will crypto be better.
It seems like the envy of the poorer.
All I read is how we are being robbed and how it shouldn't be etc etc.
How on earth can it change.
There is a hierarchy in all of life.
Including finance.
Correct what I've said and why your way will be so much better.
If you reduce the amount of markets like when the euro came to Europe then you reduce competition to retaliate against currency.
Crypto is a single currency.
This cannot be good unless you get in early and control it exactly as the banks are now.

 
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