Cryptocurrency, Bitcoin, Blockchain and investments

[Lawrence Rook]

Hi Everyone,

 

Cryptocurrencies are becoming increasingly popular and there has been an exponential increases in many of their values in 2020. The positive attributes of Bitcoin or Ethereum and blockchain technology means the transactions are private and de-centralised which in theory gives the monetary power back to the people, irradiating the corrupt banking system.

 

However, a cashless society has long been discussed by David Icke and other such researchers and can clearly be used to orchestrate and totally control society.

 

I would be very interested to hear peoples thoughts as to whether the rise of Bitcoin and other Alt coins could be viewed as a positive, liberating, empowering technology for the people. Or if this is part of an agenda and could be seen in a dangerous or negative technological transition.

 

Thanks

[screamingeagle]

5 hours ago, Lawrence Rook said:

would be very interested to hear peoples thoughts as to whether the rise of Bitcoin and other Alt coins could be viewed as a positive, liberating, empowering technology for the people. Or if this is part of an agenda and could be seen in a dangerous or negative technological transition

see who runs the world,there is your answer......

[Ziggy Sawdust]

Bitcoin now through the £20,000 barrier.

I sold two of them for £59 each back in the day.

Havent' owned any for about 5 years now.

[kninjahman]

Personally I feel they will all crash one day - my gut tells me that the banks will use blockchain for their new digital currency but it will be THEIR digital currency - when this happens they will want to crash all the other ones somehow. 

 

It looks like they are allowing these technologies at the moment because they need the research to create their own one - but why would they allow things which take away their power and control? They will allow it for a time but then they'll be looking to take it out of the game.

 

Furthermore - they are not currently currencies, they are stocks.

 

Just my 2 cents for what it's worth. 

 

Peace.

 

EDIT - Plus500 has already banned crypto trading on their platform - I got an email from them a month or so ago.

 

Also - crypto's have been sold under false pretences, the masses seem to believe they are anonymous, when in fact they are the complete opposite of that - they leave a very exact trail that can't be modified or deleted, they are in fact the perfect tool for tracking and tracing.

Edited January 2, 2021 by kninjahman

[Counter_Violentmoves]

57 minutes ago, kninjahman said:

Personally I feel they will all crash one day - my gut tells me that the banks will use blockchain for their new digital currency but it will be THEIR digital currency - when this happens they will want to crash all the other ones somehow. 

 

It looks like they are allowing these technologies at the moment because they need the research to create their own one - but why would they allow things which take away their power and control? They will allow it for a time but then they'll be looking to take it out of the game.

 

Furthermore - they are not currently currencies, they are stocks.

 

Just my 2 cents for what it's worth. 

 

Peace.

 

EDIT - Plus500 has already banned crypto trading on their platform - I got an email from them a month or so ago.

 

Also - crypto's have been sold under false pretences, the masses seem to believe they are anonymous, when in fact they are the complete opposite of that - they leave a very exact trail that can't be modified or deleted, they are in fact the perfect tool for tracking and tracing.

 

FCA in the UK have banned retail traders from opening any new positions in cryptocurrencies from 4th Jan. I think USA has also taken the same position.

This prohibition is done on the pretence that the authorities are saving Joe Public from themselves. Nanny state alive and well! The short term effect of these measures could see a reversal in Crypto prices. But unless you are already in position, then retail will not be able to take advantage in the short term.

 

So, if the authorities want Joe Public out of the arena, it follows that the authorities want control of it, because it must be a good thing!

[Mr H]

The biggest change in this space imo has been the introduction of De-Fi which is still in it's infant stages. But I think this could be positively disruptive going forwards.

 

Generally speaking, crypto is the future, especially if you want a free society and economy - and move away from the corrupt financial system we have today. I can see the governments trying their best to prevent crypto being used mainstream, but the more the pension funds start to invest in crypto and some are starting to see it as a neccesity as part of their portfolio - then the harder it becomes for governments to ban it.

[kninjahman]

On 1/2/2021 at 1:20 AM, Counter_Violentmoves said:

 

FCA in the UK have banned retail traders from opening any new positions in cryptocurrencies from 4th Jan. I think USA has also taken the same position.

This prohibition is done on the pretence that the authorities are saving Joe Public from themselves. Nanny state alive and well! The short term effect of these measures could see a reversal in Crypto prices. But unless you are already in position, then retail will not be able to take advantage in the short term.

 

So, if the authorities want Joe Public out of the arena, it follows that the authorities want control of it, because it must be a good thing!

 

Oh they definitely want control of it - I genuinely believe that's why they are teaching all about it everywhere you look, but I don't think it will survive long into the future - I have the maddest feeling that the plan of the elite is to destroy the current internet and bring about a brand new internet based on KIM DOTCOMS design, at the same time banning (or making it impossible for crypto to work) on their system while bringing in a ONE crypto which is owned by powers that be - essentially killing two birds with one stone.

 

It just seems like the logical thing to do if I were them. 

 

Peace.

 

(Kim Dotcom said he was working on a new version of the internet that runs off everyones connected devices - he was in the making of this years ago but everything went silent about the technology a long time back also - fortunately for me things like this stick in my mind, if you didn't know Kim Dotcom is the guy who brought us the MEGA upload system) 

 

Edit - What I'm saying is crypto prices won't fall at all - one day they will simply be GONE, everything lost, just like everything currently hosted on the internet - the big companies will have to develop new systems for the new systems. Insiders will be given this knowledge ahead of time to prepare them. My gut tells me I'm calling this one correctly but only time will tell. 

 

 

Edited January 3, 2021 by kninjahman

[Beaujangles]

On 1/1/2021 at 7:14 PM, kninjahman said:

Personally I feel they will all crash one day - my gut tells me that the banks will use blockchain for their new digital currency but it will be THEIR digital currency - when this happens they will want to crash all the other ones somehow. 

 

It looks like they are allowing these technologies at the moment because they need the research to create their own one - but why would they allow things which take away their power and control? They will allow it for a time but then they'll be looking to take it out of the game.

 

Furthermore - they are not currently currencies, they are stocks.

 

Just my 2 cents for what it's worth. 

 

Peace.

 

EDIT - Plus500 has already banned crypto trading on their platform - I got an email from them a month or so ago.

 

Also - crypto's have been sold under false pretences, the masses seem to believe they are anonymous, when in fact they are the complete opposite of that - they leave a very exact trail that can't be modified or deleted, they are in fact the perfect tool for tracking and tracing.

 

I'm guessing the values have escalated due to certain monied individuals causing the upturn. Too good to be true. People have made money last year...but I think they need to be taking out the profits and leaving bare minium to do the gaining...while it can...who knows.

[Muqs]

I'm very new to crypto, have heard about it long ago but havent done anything about it. In athe past week have put in 3,500 gbp and already the value is 3,900 gbp. I think I'll leave it in for the year and see what happens. Whether the government printing money like mad, wonder what will happen.

[Mr H]

22 hours ago, Muqs said:

 Whether the government printing money like mad, wonder what will happen.

 

What I find strange is that non-stop money printing never gets debated either by the public, media or politicians. It's kinda given that it's ok. 

 

Obviously it's not ok and it leads in the end to the debasement of your currency. Interestingly, if history is to go by, I guess that would be added positive for bitcoin. If you look at the charts, it seems to be inversely correlated to the USD generally speaking. Whether it de-couples over time - who knows. 

[Free Range]

Im looking to invest a bit of cash ive made this year. The cryptos are too dodgy imo, for me anyway. I did buy some Eos tokens a couple of years back on the off chance it might take off. Probably increased 5x since then but its small change in the scheme of things.

      My interest in buying silver was rekindled after following a couple of exchanges on the covid thread. Problem is i dont know where to start. i was looking at a dealer earlier, an ounce coin about £35.

A kilo £900. So a kilo is about £350 cheaper. Im thinking its better getting the coins for exchanging stuff down the line if it all goes tits. Is this the only reason for the big gulf?

2) Does anyone have any advice or recommendations, or links? Probably cant afford gold so im looking at silver.

3) Dumb question maybe but how do you actually sell it? Is it with a dealer or an ebay type equivalent.

        Im not looking for in depth as obviously i need to research it but any pointers welcome. 

[Anti Facts Sir]

Keep seeing these big full-size ads at bus-stops etc for Bitcoin. Seems a bit suspicious that a so-called underground/alternative currency is suddenly getting this much mainstream promo?

Edited March 8, 2021 by Anti Facts Sir

[kitkat]

2 hours ago, Free Range said:

Im looking to invest a bit of cash ive made this year. The cryptos are too dodgy imo, for me anyway. I did buy some Eos tokens a couple of years back on the off chance it might take off. Probably increased 5x since then but its small change in the scheme of things.

      My interest in buying silver was rekindled after following a couple of exchanges on the covid thread. Problem is i dont know where to start. i was looking at a dealer earlier, an ounce coin about £35.

A kilo £900. So a kilo is about £350 cheaper. Im thinking its better getting the coins for exchanging stuff down the line if it all goes tits. Is this the only reason for the big gulf?

2) Does anyone have any advice or recommendations, or links? Probably cant afford gold so im looking at silver.

3) Dumb question maybe but how do you actually sell it? Is it with a dealer or an ebay type equivalent.

        Im not looking for in depth as obviously i need to research it but any pointers welcome. 

I've been looking at this site:

https://atkinsonsbullion.com/

You can buy gold or silver coins or bars. Silver has VAT added to it but not gold. I have been told that it is cheaper to buy as big as you can, but like you, I have been thinking about silver if needed for trade. You can also sell your gold and silver back to the company so it makes it pretty simple. I am an amateur in this, but the person that suggested this site to me seems happy with it. This is a reputable company. Don't go near ebay or anything as you are more likely to get chocolate coins posted out to you.

[Woodsman]

I am a novice when it comes to these interesting modern electronic financial transactions but seems to me this is all vulnerable to being hacked/stolen/cannot purchase food with/officials blocking use/internet down so cannot trade. So which are the best value and most secure with least risks. Who decides on the electronic monies and how these are sold/traded? How about being taxed on earnings? Looks like more of this in future instead of good old cash but unlike Gold is not a physical item. Thanks

[Mr H]

11 hours ago, Woodsman said:

I am a novice when it comes to these interesting modern electronic financial transactions but seems to me this is all vulnerable to being hacked/stolen/cannot purchase food with/officials blocking use/internet down so cannot trade. So which are the best value and most secure with least risks. Who decides on the electronic monies and how these are sold/traded? How about being taxed on earnings? Looks like more of this in future instead of good old cash but unlike Gold is not a physical item. Thanks

1. BTC and ETH.

2. People

3. You will be taxed at capital gains rate.

[Moonlight]

while crypto currencies are the future it can not hurt to be invested
with providers like for example BitQt - which is an App - you can put 250 Euro in buying different cryptos - and see how it goes
or invest in a fonds like for example "Invesco Elwood Global"
Binance - the biggest crypto exchange worldwide

Gold volatile also cause most gold is hold be Institutional Investors - more than from countries

[Mr H]

On 5/26/2021 at 6:43 AM, Moonlight said:

Gold volatile also cause most gold is hold be Institutional Investors - more than from countries

 

Depends what you are comparing it to.

 

If you compare it to other risk off assets, silver and crypto gold is not volatile!

[Moonlight]

2 hours ago, Mr H said:

Depends what you are comparing it to.

 

If you compare it to other risk off assets, silver and crypto gold is not volatile!

 

it depends on who holds it.......in itself Gold is quite stable
nevertheless - when everything breaks down - we will problably not going back to pay with Gold Coins
 

[Mr H]

3 minutes ago, Moonlight said:

 

it depends on who holds it.......in itself Gold is quite stable
nevertheless - when everything breaks down - we will problably not going back to pay with Gold Coins
 

I'm thinking that things will not break down. We're obviously witnessing the collapse of the current currency system - via the mechanics of inflation which will transfer massive wealth from the middle classes to the wealthy. This is a potential point for total chaos if the middle classes started protesting rioting en masse. But witnessing how the middle classes have bought covid story - I assume they will buy any inflation story that comes their way and believe any future promises and there will not be backclash that will result in chaos.

 

The money lenders will not give up control and they already have the digital system in place for the collapse of this system. So I see a relatively smooth transition with SOME turmoil and un rest to the new system of total slavery.

[Truthspoon]

3 hours ago, Moonlight said:

 

it depends on who holds it.......in itself Gold is quite stable
nevertheless - when everything breaks down - we will problably not going back to pay with Gold Coins
 

 

Gold has been valuable all throughout history.

If society breaks down it is unlikely it could break down to anything less than mediaeval style feudalism, and this is the most dire kind of fantasy, but even if we revert to some more primitive society and we have no electricity and heavy industry then gold will continue to function as a store of wealth.

 

I just can't imagine a society or system, no matter how broken down or chaotic, where gold would not be seen as intrinsically valuable.

Every country, every culture on Earth has revered gold.

 

So don't think people will be throwing their gold into the trash any time soon. In fact there will be far less available and it will be even more valuable because it will be the only way, apart from hard assets, that will have any value. Cash and bank accounts will have become worthless.

[elongated1]

This explains bitcoin in 10 sec. lol

 

https://preview.redd.it/5bzzsa9qkg271.gif?format=mp4&s=73164be926fa100012488104442342c102d7f513

 

[bamboozooka]

well i've just bought some pirate chain arrr. 

bought some bitcoin with my credit card on binance.

moved it to tradeogre which was a bitch as btc withdrawal fees are stupid high

then bought some pirate chain with the bitcoin.

a bit long winded but the only way i know.

then moved the arrr to the wallet on my pc

 

i'll probably buy some monero and wownero over the next few months

[Truthspoon]

20 minutes ago, bamboozooka said:

well i've just bought some pirate chain arrr. 

bought some bitcoin with my credit card on binance.

moved it to tradeogre which was a bitch as btc withdrawal fees are stupid high

then bought some pirate chain with the bitcoin.

a bit long winded but the only way i know.

then moved the arrr to the wallet on my pc

 

i'll probably buy some monero and wownero over the next few months

 

Why?

 

Not being funny. Why? 

 

I buy gold, rare single malt scotch and Rolexes..... That's my investment portfolio.

 

Why buy something that doesn't exist?

 

I'm not trolling, I'm just curious. I have a Bitcoin trading account to pay for my TRS subscription.

 

I would buy Bitcoin if I genuinely thought it might be useful in the future, don't even care about the investment angle, but it seems to me that it'll be shut down sooner or later, especially in this era of cyber repression.

 

 

 

Edited June 10, 2021 by Truthspoon

[bamboozooka]

4 minutes ago, Truthspoon said:

 

Why?

 

Not being funny. Why? 

 

I buy gold, rare single malt scotch and Rolexes..... That's my investment portfolio.

 

Why buy something that doesn't exist?

 

I'm not trolling, I'm just curious. I have a Bitcoin trading account to pay for my TRS subscription.

 

I would buy Bitcoin if I genuinely thought it might be useful in the future, don't even care about the investment angle, but it seems to me that it'll be shut down sooner or later, especially in this era of cyber repression.

 

 

 

why not.

bitcoin will crash, but there will be other cryptos.

its not rolex amounts, i wont miss it and it can sit there see what happens.

 

[spideysensei]

I half expected BTC to make a new higher low after the breakout, and by the looks of it now it will. Plenty of shorts recked here i'm sure.

 

Classic fakeout from the pattern it'd been forming the past month and now price is back in said pattern, with a greater likelihood of breaking upwards. What does this mean? The bull market is probably still in play. Bearish indicators mean less in a bullmarket, and vice versa.  What we're seeing on the weekly chart is hidden bullish divergence from at least two indicators - the ones i use anyway, RSI and MACD. Now we just need to hold this support level, could take a few weeks, but this is a solid buying opportunity IMO. Technically, 100k BTC later this year is more than plausible. Fundamentally, who knows what could happen.