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Post by Deleted on Nov 15, 2022 9:21:20 GMT
The chaps who sold Manhattan island were labouring under the same delusion. Car sales do not take crypton currency, I know this for fact. Neither does waitrose, marks & sparks, petrol stations, the marinas or CRT.
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Post by Aloysius on Nov 15, 2022 9:24:05 GMT
The managers of Waitrose and M&S simply believe more in Sterling. There's a basic truth you entirely fail to see.
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Post by Deleted on Nov 15, 2022 9:24:13 GMT
The FTX thing isn't all that isolated. Well I suppose going totally bust is an exception but even well known coins like Etherium and BTC have come down enormously since the highs of 2021 (Funny coincidental timing as it lined up with the end of the lockdown when everyone was at home due to the covid bullshit and not spending so much money).
Etherium top level 12 Nov 2021 $3,462 ... 15 Nov 2022 $1077. So it is now approximately 30% of what it was a year ago.
Bitcoing top level 5 Nov 2021 $45,561 ... 15 Nov 2022 $14,307. So it is now approximately 31% of what it was a year ago.
Strange coincidence ?
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Post by Deleted on Nov 15, 2022 9:27:13 GMT
The managers of Waitrose and M&S simply believe more in Sterling. There's a basic truth you entirely fail to see.
yes but that is obvious.
If a large enough group of people decided that dog shit scraped up from pavements or picked up in parks could be used as a method of payment then dog shit would become a hugely valued commodity and people would have battery dog farms just to extract the resource.
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Post by Mr Stabby on Nov 15, 2022 10:16:51 GMT
The chaps who sold Manhattan island were labouring under the same delusion. Manhattan Island is real.
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Post by Aloysius on Nov 15, 2022 10:19:23 GMT
Good grief.
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Post by Deleted on Nov 15, 2022 10:20:38 GMT
Buy land because they won't be making any more of it?
Only thing is that private ownership of land is unacceptable on a fundamental level and should be discouraged.
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Post by Aloysius on Nov 15, 2022 10:23:51 GMT
Right on man.
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Post by Deleted on Nov 15, 2022 10:26:20 GMT
And I'm like "yeah yeah yeah"
It is actually true though isn't it.
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Post by Mr Stabby on Nov 15, 2022 10:27:48 GMT
I get the idea that someone on this thread is heavily invested in crypto and looking for reassurance.
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Post by Aloysius on Nov 15, 2022 10:30:11 GMT
Tell us who it is.
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Post by Deleted on Nov 15, 2022 10:34:26 GMT
Not me. I'm not heavily invested in anything except boats and beers, and bacon.
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Post by Deleted on Nov 15, 2022 20:43:56 GMT
Another big move. The FTT token is now at $1.92. Was $1.44 yesterday.
My mental arithmetic suggests quite a big rise. 30% in a day or something a bit more.
Calculator says 33℅. In a day.
No idea if one can convert that to money but its quite an interesting situation.
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Post by Clinton Cool on Nov 21, 2022 11:33:50 GMT
I get the idea that someone on this thread is heavily invested in crypto and looking for reassurance. I've got some! I wouldn't say heavily invested though. 5% of my worldly assets. I bought at just under $30,000 so at current prices there's a 45% or so loss. My pounds haven't done too well either. 10% inflation only offset 2% by bank interest. This is the problem that led to Bitcoin and the like. Governments with deliberate inflationary monetary policy, the only way you can maintain the value of your hard earned, taxed cash is to put it into one risky investment, or another.
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Post by naughtyfox on Nov 21, 2022 11:49:55 GMT
Buy land because they won't be making any more of it? Iceland is expanding sideways by 2cm per year thanks to all that luvvly jubbly magma bubbling up from the bowels of the Earth.
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