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Post by Delta9 on Jan 3, 2018 21:19:52 GMT
It's a Ponzi scheme in the same way precious metals or stocks are. Most things require new players to enter the game for the price to rise. Precious metals and stocks have tangible value. Bitcoin doesn't and its increase in value is driven entirely by the "Greater Fool Theory". Bitcoin does have value, you just don't understand why.
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Post by Mr Stabby on Jan 3, 2018 21:28:09 GMT
Precious metals and stocks have tangible value. Bitcoin doesn't and its increase in value is driven entirely by the "Greater Fool Theory". Bitcoin does have value, you just don't understand why. Well, if you're so smart, how come you sold bucketloads of them at $10 instead of hanging on until they were worth $19,783?
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Post by Delta9 on Jan 3, 2018 21:40:31 GMT
Bitcoin does have value, you just don't understand why. Well, if you're so smart, how come you sold bucketloads of them at $10 instead of hanging on until they were worth $19,783? The only people that held on since the early days are those that were already stupidly rich or those that forgot they owned any. Most normal people sell when their initial investment has already gone up by 10,000%. But yes, I am a dumbass.
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Post by thebfg on Jan 3, 2018 22:29:19 GMT
Anyway if this thread is about predicting things that are going to happen in 2018 im going to predict something wayerways related. The owner of Planet (Alan Roberts) will get his boat back. The people responsible for the debacle will get convicted in criminal courts and get sentenced to prison. This includes the ceo Richard parry who is ultimately responsible. This will result in such bad publicity for Crt that there will be a huge public outcry that results in the Crt being dissolved and a new waterways user lead organisation taking over the responsibilities and property lock stock and barrel. Ensuring the long term survival of the waterways as a navigable network. That'sy my prediction anyway. I'll add that the EA will take over in an emergency move
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Post by peterboat on Jan 3, 2018 22:49:41 GMT
I had a look on line and bitcoin did lose a bit of value in the last two months $8000 dollars in some cases on exchanges around the world so it wasnt a spam article, I was worried as I have been in receipt of the articles for over two years and have been reading daily. Anyway as I said we will see what the end of the year brings and its highs and lows
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Post by Delta9 on Jan 3, 2018 23:15:14 GMT
I had a look on line and bitcoin did lose a bit of value in the last two months $8000 dollars in some cases on exchanges around the world so it wasnt a spam article, I was worried as I have been in receipt of the articles for over two years and have been reading daily. Anyway as I said we will see what the end of the year brings and its highs and lows It goes up and down a lot, sudden moves of 35% or so up and down are not unusual. It's up about 50% over the last month and 1500% over the last year. If it shoots up by £5,000 and then drops by £1,000 you'll get media articles claiming price has 'plunged' or fallen through the floor as you put it. It's rare to see anything accurate about bitcoin in the media.
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Post by Graham on Jan 3, 2018 23:16:39 GMT
Are there any members with crystal balls on here? On another note does anyone have predictions about what will happen in 2018 (if anything) ? Is it going to be an interesting year or just a boring one full of hum-drum non-events and tasteless celebrity bullshit. War that gets noticed ? Leaps in technology like finally sorting out batteries? New generators for narrow boats? I"m hoping for Good Things to happen. Maybe the battery thing may be close to being solved. Been working on some battery cost figures including charging. Relion 100Ah 50% discharge, comes out at cost pers year of £33.89 per year over the expected life of the battery Relion 100Ah 80% discharge, comes out at cost pers year of £49.33 per year over the expected life of the battery Victron Lithium 160Ah 50% discharge, comes out at cost pers year of £76.93 per year over the expected life of the battery Poweline T105 225Ah 50% discharge, comes out at cost pers year of £185.83 per year over the expected life of the battery Trojan T105 225A 50% discharge, comes out at cost pers year of £191.91 per year over the expected life of the battery
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Post by Deleted on Jan 3, 2018 23:27:37 GMT
I had a look on line and bitcoin did lose a bit of value in the last two months $8000 dollars in some cases on exchanges around the world so it wasnt a spam article, I was worried as I have been in receipt of the articles for over two years and have been reading daily. Anyway as I said we will see what the end of the year brings and its highs and lows It goes up and down a lot, sudden moves of 35% or so up and down are not unusual. It's up about 50% over the last month and 1500% over the last year. If it shoots up by £5,000 and then drops by £1,000 you'll get media articles claiming price has 'plunged' or fallen through the floor as you put it. It's rare to see anything accurate about bitcoin in the media. Which only goes to show how easily the whole thing can be manipulated. Before long, a rogue government will manipulate it, and that will be the end. Insurance companies, the money markets etc are all aware of this, and although slightly bemused by the trend, are steering well clear.
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Post by Delta9 on Jan 3, 2018 23:33:04 GMT
It goes up and down a lot, sudden moves of 35% or so up and down are not unusual. It's up about 50% over the last month and 1500% over the last year. If it shoots up by £5,000 and then drops by £1,000 you'll get media articles claiming price has 'plunged' or fallen through the floor as you put it. It's rare to see anything accurate about bitcoin in the media. Which only goes to show how easily the whole thing can be manipulated. Before long, a rogue government will manipulate it, and that will be the end. Insurance companies, the money markets etc are all aware of this, and although slightly bemused by the trend, are steering well clear. The bigger it gets the harder it is to manipulate, and it's already well past the point of a government or governments being able to kill it. The money markets are well aware of this, and are far from steering clear. They are the ones that have pushed the price to current levels.
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Post by peterboat on Jan 3, 2018 23:35:09 GMT
Are there any members with crystal balls on here? On another note does anyone have predictions about what will happen in 2018 (if anything) ? Is it going to be an interesting year or just a boring one full of hum-drum non-events and tasteless celebrity bullshit. War that gets noticed ? Leaps in technology like finally sorting out batteries? New generators for narrow boats? I"m hoping for Good Things to happen. Maybe the battery thing may be close to being solved. Been working on some battery cost figures including charging. Relion 100Ah 50% discharge, comes out at cost pers year of £33.89 per year over the expected life of the battery Relion 100Ah 80% discharge, comes out at cost pers year of £49.33 per year over the expected life of the battery Victron Lithium 160Ah 50% discharge, comes out at cost pers year of £76.93 per year over the expected life of the battery Poweline T105 225Ah 50% discharge, comes out at cost pers year of £185.83 per year over the expected life of the battery Trojan T105 225A 50% discharge, comes out at cost pers year of £191.91 per year over the expected life of the battery You have lost me Graham I only paid 80 squids for my trojanoids which are on the bathtub
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Post by Deleted on Jan 3, 2018 23:37:03 GMT
Which only goes to show how easily the whole thing can be manipulated. Before long, a rogue government will manipulate it, and that will be the end. Insurance companies, the money markets etc are all aware of this, and although slightly bemused by the trend, are steering well clear. The bigger it gets the harder it is to manipulate, and it's already well past the point of a government or governments being able to kill it. The money markets are well aware of this, and are far from steering clear. They are the ones that have pushed the price to current levels. No, the money markets have done nothing of the sort. It's down to marketing from the people living within the Bitcoin image. It's nothing but a Dyson, shiny, very colourful, but crap. It's days are numbered. Old money will always rule the roost.
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Post by Delta9 on Jan 3, 2018 23:42:39 GMT
The bigger it gets the harder it is to manipulate, and it's already well past the point of a government or governments being able to kill it. The money markets are well aware of this, and are far from steering clear. They are the ones that have pushed the price to current levels. It's nothing but a Dyson, shiny, very colourful, but crap. It's days are numbered. Old money will always rule the roost. Yes, people have been telling me that all the way up from $2
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Post by Stumpy on Jan 4, 2018 0:50:51 GMT
The bigger it gets the harder it is to manipulate, and it's already well past the point of a government or governments being able to kill it. The money markets are well aware of this, and are far from steering clear. They are the ones that have pushed the price to current levels. No, the money markets have done nothing of the sort. It's down to marketing from the people living within the Bitcoin image. It's nothing but a Dyson, shiny, very colourful, but crap. It's days are numbered. Old money will always rule the roost. I do find it most amusing, that when visiting the local dump ( re-cycling centre), that Dyson is Top Of The Pops in the skips.
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Post by Delta9 on Jan 4, 2018 1:22:01 GMT
I recently found a fully functional Kirby vacuum cleaner in a skip, bloody expensive things they are. I donated it to my office because it was too chunky for the boat, and nearly sucked the fucking rug up.
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Post by patty on Jan 4, 2018 7:55:49 GMT
I knew someone who researched bitcoins when they first came on the scene...dunno if he invested though, I hope he did as his life pretty s... on the financial front. He helped me during ill health and provided much needed support...He 'disappeared' in rather odd circumstances and we lost touch.
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