easytiger Posted May 26, 2021 Share Posted May 26, 2021 hey,are the good people of East Dulwich following the bitcoin story? how it has gone from $100, to $65k and thanks to Elon Musk dumping bitcoin and not taking it as payment for his electric cars the bitcoin price has plummeted. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/ Share on other sites More sharing options...
DuncanW Posted May 27, 2021 Share Posted May 27, 2021 I think I?m right in saying, that you would still have trebled your money if you had bought one year ago and sold today, even with the recent downtick in price. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514234 Share on other sites More sharing options...
mrwb Posted May 27, 2021 Share Posted May 27, 2021 It's a technology obfuscated pyramid scheme. Crypto, generally not only Bitcoin.Buying it to sell it on for more is what it's all about. Until the base of the pyramid gets too big and can't find someone to sell to. With social media and the covid stimlus the pyramid has had a huge and well funded base. What else is the point of it? Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514267 Share on other sites More sharing options...
JohnL Posted May 27, 2021 Share Posted May 27, 2021 What put me off recently was the cost to mine it - using fossil fuels etc.Apparently it generates a lot of heat and takes a lot of energy - and what for - to solve problems that do not need solving ? Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514273 Share on other sites More sharing options...
Seabag Posted May 27, 2021 Share Posted May 27, 2021 mrwb Wrote:-------------------------------------------------------> It's a technology obfuscated pyramid scheme.> Crypto, generally not only Bitcoin.> > Buying it to sell it on for more is what it's all> about. Until the base of the pyramid gets too big> and can't find someone to sell to. With social> media and the covid stimlus the pyramid has had a> huge and well funded base. > > What else is the point of it?What about Boris?s ?inverted pyramid of piffle?? he goes on about, where does that come into the equation? Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514305 Share on other sites More sharing options...
wordsworth Posted May 28, 2021 Share Posted May 28, 2021 GunnerPewPew Wrote:-------------------------------------------------------> I think this is all much more complicated than it> seemsBut don't you think that the intelegencia on this thread will be able to clarify things? Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514463 Share on other sites More sharing options...
JohnL Posted May 29, 2021 Share Posted May 29, 2021 Seabag Wrote:-------------------------------------------------------> What about Boris?s ?inverted pyramid of piffle??> he goes on about, where does that come into the> equation?Hancock ate it all up. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514622 Share on other sites More sharing options...
Spartacus Posted May 30, 2021 Share Posted May 30, 2021 I thought this was a thread about a new vinyl pressing title by Miss Spears. So confused and disappointed now ! Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514728 Share on other sites More sharing options...
easytiger Posted May 31, 2021 Author Share Posted May 31, 2021 this thread is about crypto and how disruptive it will be on the banking system. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514912 Share on other sites More sharing options...
SpringTime Posted February 5, 2022 Share Posted February 5, 2022 Can anyone explain the mining element behind crypto to me please? Also, are crypto currencies in essence really just like ponzi schemes, or have I got that wrong? Thanks Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563559 Share on other sites More sharing options...
Lemming Posted February 6, 2022 Share Posted February 6, 2022 Have a flutter if you must - but Crypto is pure speculation, not an investment. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563613 Share on other sites More sharing options...
KidKruger Posted February 6, 2022 Share Posted February 6, 2022 SpringTime Wrote:-------------------------------------------------------> Can anyone explain the mining element behind> crypto to me please? Also, are crypto currencies> in essence really just like ponzi schemes, or have> I got that wrong? ThanksYou can Google mining - it?s all explained. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563629 Share on other sites More sharing options...
TheCat Posted February 6, 2022 Share Posted February 6, 2022 As with any investment...whether that's property, equities, horse racing or crypto....if you don't really understand how it works....then you probably shouldn't be putting money into it. Even 'experts' in each of those fields are doing well if they are right more than 50 percent of the time..... Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563701 Share on other sites More sharing options...
Sephiroth Posted February 6, 2022 Share Posted February 6, 2022 And everyone understands how it works. Until they don?t Bitcoin is not an investment Repeat after meBitcoin Is notAn investmentWell doneNow ?nft?s Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563704 Share on other sites More sharing options...
TheCat Posted February 6, 2022 Share Posted February 6, 2022 On that we can agree.As someone who works in the investment industry, I had to look up what NFT was the other day....FFS....Maybe I'm just a dinosaur....but screw that.... Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563710 Share on other sites More sharing options...
JohnL Posted February 7, 2022 Share Posted February 7, 2022 Everyone on twitter with bitcoin/crypto in their profile seems to have an agenda.it's like a warning signal. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563765 Share on other sites More sharing options...
Bob Buzzard Posted February 11, 2022 Share Posted February 11, 2022 I tried to pay for my Comt? at Mons with bitcoin, but they said no. Link to comment https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1564529 Share on other sites More sharing options...
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