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Black Rod

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  1. ‘True elites actually hold bitcoin’ 🤣 Jilted. How do you make this stuff up. There is a massive pump campaign I will grant you and prominent financial figures and economists have been offered large sums of money and bitcoin to endorse it.😁 The only game is town is try and convince the bloody plebs they need to own a unique part of a worthless database, before the big dump and their next project.
  2. Oh dear Jilted. Bitcoin is exactly the same. It’s just a pump and dump over a much more complex and longer time frame. The pump to try and hold $12,000 has failed and just not enough money coming in to hold at that level.
  3. markyh, I advise and have advised a large number of people over the years on tax effective use of money. Once you know, it’s just beyond belief that most people don’t know even 10% of it. You already know what to do and even Bitcoin aside, your main worry will be which little sh*t to leave your money to.
  4. markyh, To be fair I totally believe your posts and without you and a few others this thread would be nothing.
  5. markyh, In my opinion a ponzi is something that has no utility and real value, where you only make money based on the number of people entering after you. To debate your interpretation of the dictionary definition, strikes me as desperation, when you should surely be disputing it’s being pumped by pretend money. Polly Peck was brilliant, myself and all colleagues knew for a fact it was worthless, but it was so complicated and the share price so manipulated it pulled lots of people in, until it went pop. None of us would dare buy a put option though as the timelines were too short.
  6. Huggy, I am afraid the chance of £100k is very close to zero. In terms of stages ponzi’s go through. This one is near capitulation. Too many people know what is going on and the big holders would rip your arm off to dump out big at $10,000. They know it’s impossible. Best Ponzi I have studied though, only Polly Peck was more amazing. Was quite surprised how much places want from you regarding voluntary work. I do a lot of free coaching for people wanting to improve on motorcycle track days. Cadwell Park tomorrow. 4.30am start ?
  7. Huggy, I am retired. Was not my choice though. I am 52 and TBH was probably happier working, although my working life now seems a bit of a blur. Worked mainly in the city. Linked to the old school investment industry and have had a life long passion reading about and studying speculative bubbles. The dump outs in bitcoin are coming in around 12,000 dollars. The big holders know that pumping it higher is unlikely and it’s like pushing a heavy boulder uphill. Good luck with £100,000, I take it you do understand that mathematically for that to happen It would take a huge sustainable Inflow of money. Just multiply the coin price by the number being mined in a given time frame. Very little real money is being used to pump it and it clearly has no ability to deal with large dumps, so the big holders are spending shed loads on marketing and trying to dump small amounts and often.
  8. The Winkletoss twins should be deeply ashamed. They and the other big holders are desperately marketing something they know is a ponzi. Only the poor and the stupid will enter at these prices and they know without new money they cannot keep the plates spinning as the sheer amount of fake tether money required to even buy the crap mined weekly to keep it pumped is hard to hide forever. Bitcoin will crash to very, very low levels when the big dump plays out, but I cannot tell you when. Best Ponzi I have seen since Polly Peck!
  9. I shall be Adam LOL! Hi Doomed, what are your latest thoughts about Bitcoin and Bitcoin Cash?
  10. Jilted. IF DEMAND STAYS THE SAME? There is not enough money/demand coming in to support the price of coins being mined at present even! when the halving takes place you will need twice the money coming in to even keep the price of Bitcoin the same!!
  11. Yes I have seen the FTSE. Bought a fair amount of Saga shares and Royal Mail this afternoon. 15.5p and 137p (there were big spreads). Bit of a gamble, as it’s enough to hurt my retirement fund if they tank further, but strongly suspect both will be higher in a few years time.
  12. Agreed, Price predictions and using charts in such a massively manipulated market is pretty pointless. I would not dare short Bitcoin as so much fake money is being used in a thin market. I can only really say that massively manipulated markets, where a relatively small number of large holders try to benefit always, always fail eventually. Reminds me a lot of the Polly Peck saga and the silver market long ago. A fascination with bubbles and the psychology behind them drew me to this Bitcoin forum.
  13. Jilted. The massive pump using fake intra exchange loans converted to tether to pump Bitcoin timed with the halving has and is failing. There isn’t even enough real money coming in to support the current price to buy the coins being mined. very interesting bubble, but when all is stripped away it’s just a big Ponzi scheme totally reliant on new people buying the shite. Bitcoin has had it’s run in the sun and you cannot pump a turd up twice. I would start praying the big holders don’t start dumping.
  14. Jilted, your many posts are well thought out and quite well written, but the chance of Bitcoin being a go to place as a store of value is pretty much zero. People who are reasonably investment savvy, simply do not look at Bitcoin as ever fulfilling this function. Bitcoin is simply viewed as a massively manipulated plaything, to perhaps put a few grand in and chase higher. The recent massive pump, using over $350 million of tether type funny money by the big players has not generated any real interest and very little new real money.
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