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House Price Crash Forum


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About AndyFTB

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  1. From over $10,000 on Feb 12th to under $5000 a month later, the "halving" happened much sooner than expected! (Not my joke, but worth sharing)
  2. Personally I use Binance but there are many exchanges available to you. You can keep the coins in Binance or transfer them to a wallet of your choice. If you just want to speculate on the price movements without owning the coins as such I suggest Etorro. These are just who I use and have always provided me with a good service. There is a LOT of choices out there for you though.
  3. I have used these before, a long time ago and then it tracked the FTSE 100 not the 600, but... The fee is very low, it allows for dividends to be reinvested every 6 months or you can draw an income. https://uk.virginmoney.com/virgin/unit-trusts/ftse/ Look into whether you can hold this in an ISA, you should be able to, if you can not though you would probably not want this but look for something which can be.
  4. Anything, literally anything, can be both a good investment and also a bad investment depending on the time you enter and exit. Name anything and I will give you dates that make it both, FTSE, Oil, Gold, Bitcoin... you name it! The FTSE does appear to be a bit of a lame duck though yes, but as you suggest with reinvested dividends it should still have shown growth.
  5. So $7800, who was expecting this? I naively thought when Stock Markets crashed and there was fear on the streets Bitcoin would act as a safe haven. Apparantly not.
  6. Fair enough. I hold a tiny amount of various crypto currencies, and intend to add more, so I hope that the long term future is rosey too. I intend to buy and sell a bit rather than blindly holding though, but each to their own.
  7. What, in your opinion, could happen to the BTC price which would be negative? I am all for being optimistic and viewing things as the glass being half full but you remind me of Muhammad Saeed al-Sahhaf.
  8. https://www.mansionglobal.com/articles/dubai-villa-prices-fall-to-lowest-point-in-a-decade-205042?reflink=outbrain_editorial_0010fef7040889f13e76871fd837cfee56 Prices now lowest for a decade, and that is with a steady oil price and stable economy too.
  9. It is still early days, very early days, to think this rally will surpass the last. People are posting as if it is a dead cert and we will not go below $5k ever again. We may not, but we might...
  10. I have been looking too but have not found much and have read it is illegal for any that were made to be published. The nearest Proxy I have found is by using the Betfair betting markets. The market for Brexit party share of votes had some fluctuations on the day but has settled as pretty much a two horse race between 30% and 40%, with over 40% slowly drifting outwards and being less likely. The market is here: https://www.betfair.com/exchange/plus/politics/market/1.158459621 There are other markets too and it is not close to a perfect guide of results but if any unofficial exit polls had been predicting anything significantly different then the "smart money" would be betting accordingly.
  11. Facebook are planning on launching a crypto currency. I am not sure what this will do for Bitcoin, I can see it going either way. I think the hype will certainly make another "moon" for the whole sector in 2020/2021 quite likely. https://www.bbc.com/news/business-48383460
  12. There is no need to be rude, he (or she) is making good points politely, that is the whole point of a "discussion" thread. If you just want to hear your same view amplified by others then I understand that and it is very nice and comforting but you will never really learn anything new and in actual fact it is pointless. BTC has already been a success by most metrics if you asked people in 2011 what would success be by 2020. That doesnt mean it will always be sucessfull and talking about the pros and cons and the other options is in the interest of everyone.
  13. There is, and there is no reason why it could not happen except, Bitcoin was there first so has credibility and sucess breeds sucess. I think it is a bit like when Ebay began and a few years in there was no reason why someone else could not write auction code and do exactly what Ebay did. Many tried that. BUT... Ebay kept going, because it was already number 1, so it remained number 1. The others could not get the users to switch once Ebay was dominant, that was that. It is not a perfect analogy but I think its that sort of idea.
  14. That is not actually true, you need more buyers relative to sellers to initiate a price rise. In theory you would only need 1 person willing (and able, which is a key point) to pay $100,000 a coin if there is 0 people willing to sell for $99,999 or less. In that scenario one buyer is enough to set the market price. I dont think Bitcoin is going to those levels in this wave, I think there will be a lot of sellers, but if there are not... I have a small number of Bitcoin (less than 1) and other cryptos but like an idiot having bought most at $35xx I sold about half at between $4.2 and $5 expecting a retrace. Oh well I have learnt my lesson now, no more selling from me.
  15. I have no idea what the price is going to do and neither does anybody else and talking about it certainly wont change anything. What will give Bitcoin (crypto currencies) a long term value and become "Gold 2.0" (remember that one) will be if it is treated as a store of value akin to and in fact more trusted than national FIAT currencies. It is beginning to happen: https://www.bbc.com/news/business-47553048
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