Bitcoins and Other Crypto-currencies

Gamestop was forming into one giant bubble, the ‘sell-only’ restrictions are still BS though

twitter.com/ArkhonDH/status/1354834763245359111

lmao

Igor wrote:If I had any spare cash I could afford to lose, I'd be buying BlackBerry right now. This 40% drop seems completely artificial and I expect it'll be back to at least $20 by market close. Company is in excellent shape and with the exception of Tesla, nearly every single car company working on autonomous vehicles has signalled that they'll be using BlackBerry's security software. Their software is already in 175million cars worldwide. They're no longer a phone company.

I'm in for about 1,300 shares and will hold to at least $100. Obviously, I could be completely wrong.

I'm also heavy into Ethereum (approx. £100k at this point). If this has shown us anything, it's that we absolutely need to remove control of financial markets away from a single centralised point of control. I believe Ethereum will be the platform for decentralised finance and my price target is at least $10k.

Full disclosure, I'm not an expert by any means, I work in corporate banking but my role has nothing to do with this sort of thing. Overall I'm up about £140k over the last 10 months, though most of that is unrealised.

You could cash out £100k? What did you start with?

This stuff fascinates me. I just haven't got the balls to put any money down.

Dual wrote:
Igor wrote:If I had any spare cash I could afford to lose, I'd be buying BlackBerry right now. This 40% drop seems completely artificial and I expect it'll be back to at least $20 by market close. Company is in excellent shape and with the exception of Tesla, nearly every single car company working on autonomous vehicles has signalled that they'll be using BlackBerry's security software. Their software is already in 175million cars worldwide. They're no longer a phone company.

I'm in for about 1,300 shares and will hold to at least $100. Obviously, I could be completely wrong.

I'm also heavy into Ethereum (approx. £100k at this point). If this has shown us anything, it's that we absolutely need to remove control of financial markets away from a single centralised point of control. I believe Ethereum will be the platform for decentralised finance and my price target is at least $10k.

Full disclosure, I'm not an expert by any means, I work in corporate banking but my role has nothing to do with this sort of thing. Overall I'm up about £140k over the last 10 months, though most of that is unrealised.

You could cash out £100k? What did you start with?

This stuff fascinates me. I just haven't got the balls to put any money down.

£150k

140k capital gains made in 12 months. strawberry floating outstanding work Igor!

Drumstick wrote:What app do you use to buy/sell/trade/watch etc?

American users use Robinhood but I don't believe that's launched here and "market conditions" means its been indefinitely delayed:

https://www.theguardian.com/business/2020/jul/18/democratising-finance-for-all-an-investment-app-for-amateurs-and-a-student-traders-death

The UK alternative is probably Trading212. It allows commission free share purchases and also allows CFD investments which is how most of the spectacular percentage returns are achieved:

https://www.moneyadviceservice.org.uk/en/articles/spread-betting-and-contracts-for-difference

However "76% of users lose money using CFDs" so definitely not without risk!

Minty14 wrote:

twitter.com/ArkhonDH/status/1354834763245359111

lmao

Rumour is these are margin calls.

I'm fairly confident Igor will be retiring this year. 10k Eth this year is the minimum imo.

Though I'm new to all of this so could be completely wrong

Well I made £14 interest on one of my savings accounts last year so I think I'm pretty handy at this stuff as well if anyone has any questions? :lol:

twitter.com/GameSpot/status/1354892849800638465

Fuzzy Dunlop wrote:I'm fairly confident Igor will be retiring this year. 10k Eth this year is the minimum imo.

Though I'm new to all of this so could be completely wrong

He's a Corporate Banker. He'll be blowing it all on Cocaine.

Igor wrote:Overall I'm up about £140k over the last 10 months.

Right that's it. I gotta get in on this.. :lol:

Big pump to a new all time high thanks to Elon. My portfolio has reached 5 figures for the first time. Feels like we could reach 50k USD this week.

twitter.com/ruskin147/status/1359183875059179524

Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524

Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524

Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The global mining of bitcoin is a huge energy user, that much is fact.

It's also growing at a ridiculous rate (and will continue to as the inherent design is that the computational problem gets harder to solve over time and therefore consumes more energy). In mid-2019 that energy usage figure was less than half of what it is now.

pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524

Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.

Knoyleo wrote:
pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524

Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.

Yep, most of the estimates (which come with well reasoned assumptions) I've seen show that Bitcoin uses more energy per transaction than all of the worlds banks do put together.

I just bought a small amount of Ethereum, despite not knowing what the strawberry float I'm doing.

Can't wait to be rich :datass:

.

Knoyleo wrote:
pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524

Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.

That's the stupidest thing ive ever read on here i think.

Bitcoin mining uses 1/100th the energy of mining gold. So, i'd like to see where gold sits on that list above. And dont say gold get used for industrial purposes....yes it does but it's a tiny fraction.

https://www.reddit.com/r/Bitcoin/commen ... rebuttals/

Jenuall wrote:
Knoyleo wrote:
pjbetman wrote:
Knoyleo wrote:

twitter.com/ruskin147/status/1359183875059179524

Glad to see the "currency of the future" well on its way to incinerating the planet. Presumably Elon runs Tesla just as a carbon offsetting scheme against his bitcoin?

I'm pretty sure that's nonsense. But what does FIAT use? (not the car btw lol)

The full methodology is here: https://cbeci.org/cbeci/methodology

While not 100% accurate as some assumptions have to be made, it's probably not far off the actual picture.

As for normal money, that doesn't need farms of computers to print or mint, or conduct transactions, the energy usage will be significantly less, verging on negligible.

Yep, most of the estimates (which come with well reasoned assumptions) I've seen show that Bitcoin uses more energy per transaction than all of the worlds banks do put together.

Gold is considered Fiat? News to me.

https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html

Digiconomist estimates that the energy footprint of one bitcoin transaction is equivalent to 453,000 payments on the Visa network.

Bitcoins and Other Crypto-currencies

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