Is Bitcoin the Next Big Thing?

websaway said:

A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.
Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart

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That was a random copy and paste without a comment attached?

Risk takers can win big. On the opposite side they can also blow the lot and never make another penny. Hindsight is a wonderful thing but judging by the way you speak I can only assume you set up an online book shop earlier than most, or sent the first email. Have an opinion but don't preach. I didn't invest in bitcoin, I am not risk adverse, all successful people do not take huge risks. What is success, are you successful? Shall we judge your success against others? Pull your flies back up and stop pretending like your dangling a monster and set up some multinational by the age of 10.

Just my opinion

Coolbreeze said:

The Cautious "bystanders" always wish they had after the Fact, Risk Takers Win big, Bitcoin\Risky investments is for the guys who wear the big pants were the big boys play, never attach yourself emotionally to an investment, entrepreneurial philosophy. For those who are skeptical keep watching and let those with teeth in the game ride the storm. Nothing is a sure thing all successful men take huge risks the cautions keep dreaming nothing is a sure thing in life but death. Invest now no brainer or watch history pass you by if you are only interested in the next bowl of soup then this is no playground for you. My opinion only.

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Murray said:

Depends how much you have to invest

£10,000 might be a weeks disposable income for one person and the life savings of another; totally different levels of risk

If you don't have a lot of money, you should only invest in backing yourself, not speculative stuff out of your control.

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We Agree on that is not for everyone.

websaway said:

Risk comes from not knowing what you're doing.

Warren Buffet.

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I prefer

"In the business world, the rearview mirror is always clearer than the windshield."

Warren Buffet.

woffer said:

Risk takers can win big. On the opposite side they can also blow the lot and never make another penny. Hindsight is a wonderful thing but judging by the way you speak I can only assume you set up an online book shop earlier than most, or sent the first email. Have an opinion but don't preach. I didn't invest in bitcoin, I am not risk adverse, all successful people do not take huge risks. What is success, are you successful? Shall we judge your success against others? Pull your flies back up and stop pretending like your dangling a monster and set up some multinational by the age of 10.

Just my opinion

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Woffer I agree Risk takers win Big, I don't even know who you mate, try not to take my view too personal. I try not to get into personal exchanges on forums especially

not knowing who is on the other end. Great opening

up about why you did not invest but you do not have to explain yourself to me.

In my experience, yet to meet or read about a great business mind who never took a huge risk, tell stories of risky ventures
or took bad decisions everything is a risk and people lose it all through various reasons in life.

I'm not a Bill Gates, I don’t play in children's playgrounds also not on here to measure shoe sizes, ties , dresses or interested in boosting my ego I am comfortable where I'm at so if you need to blow of some steam I suggest you do it offline I won’t bite and engage in a slug match to make you feel better. Best of Luck. Wish you a Great New Year.

Slight bitcoin tangent. Anyone had any experience with bitreserve ? They allegedly give 0.15% interest per hour on bitcoin. It's a mining company

bitreserve.io

full disclosure... ref link if anyone signs up . I'm thinking of trying.

dee said:

Slight bitcoin tangent. Anyone had any experience with bitreserve ? They allegedly give 0.15% interest per hour on bitcoin. It's a mining company

bitreserve.io

full disclosure... ref link if anyone signs up . I'm thinking of trying.

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Do you know anyone who has tried it? it looks like a very new company/website and looking at the calculator they have on the site, the interest looks a bit unbelievable.

markb said:

Do you know anyone who has tried it? it looks like a very new company/website and looking at the calculator they have on the site, the interest looks a bit unbelievable.

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No I dont. Hence the post here. I guess if it seems to good to be true then probably is. I just thought if some here suddenly said " Ive been on there for ages and brilliant" , then would be worth a go

Not heard of that one and I thought I knew most of them. Will check it out and have book marked your referral.

For anyone interested in existing perhaps more stable cloud mining, these are the two I use (full disclosure too, referral links):

https://hashflare.io/r/887C3431
https://www.genesis-mining.com/a/Gf2VIJ

Alternatively, if anyone fancies trying their luck on what may be a pyramid scheme (though has lasted the test of time quite well), then Bitconnect is worth a look:

https://bitconnect.co/?ref=mdianuk

I also made a video about Bitconnect above if anyone wants to be bored by my voice for 15 minutes


Happy New Year all.

Made a video on Bitreserve too if anyone wants to be even more bored by me fumbling through

Edit - removing the video, there is no way Bitreserve are legit; their web template is spread across number of similar websites, all registered in London, most of which stop paying after a short time.

(I am really bad at it, I know, but I just find it interesting)

ian said:

(I am really bad at it, I know, but I just find it interesting)

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Just watched the whole video about Bitreserve thanks you have a career in YouTube.

Great Job!

Coolbreeze said:

Just watched the whole video about Bitreserve thanks you have a career in YouTube.

Great Job!

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Thanks for the kind words..but I don't believe you haha!

Another video, this time Hashflare (not getting any better though, but I'm just interested in whether I can build a following as a result)

ian said:

Thanks for the kind words..but I don't believe you haha!

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you Just can't admit the truth too humble I guess..

ian said:

Another video, this time Hashflare (not getting any better though, but I'm just interested in whether I can build a following as a result)

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I will check it out, by the way if you decide to take this on full time remember to kick back 10% for suggesting you carry on

@ian, he said you have a career in YouTube, not ON YouTube

Haha

ian said:

Alternatively, if anyone fancies trying their luck on what may be a pyramid scheme (though has lasted the test of time quite well), then Bitconnect is worth a look:

https://bitconnect.co/?ref=mdianuk

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https://imgur.com/YIppi2J

Edit: Why can't I use images @Admin?

DaveP said:

https://imgur.com/YIppi2J

Edit: Why can't I use images @Admin?

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Click the blue button 'Upload a file' its next to Post reply

Coolbreeze said:

The Cautious "bystanders" always wish they had after the Fact, Risk Takers Win big, Bitcoin\Risky investments is for the guys who wear the big pants were the big boys play, never attach yourself emotionally to an investment, entrepreneurial philosophy. For those who are skeptical keep watching and let those with teeth in the game ride the storm. Nothing is a sure thing all successful men take huge risks the cautions keep dreaming nothing is a sure thing in life but death. Invest now no brainer or watch history pass you by if you are only interested in the next bowl of soup then this is no playground for you. My opinion only.

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I did enjoy reading this post, but don't think that this is the only 'right' way.

Warren Buffet only plays things safe, wouldn't touch bitcoin with a bargepole, and invests in the boring stuff which gets ignored by the city boys... and is arguably the greatest investor in living history.

There is also the whole longevity thing.... Bitcoin has had huge returns in a short time frame, but that doesn't necessarily make it a better investment than one which could realistically increase in value 10% per year for 30 years. Any compound growth calculator will demonstrate.

You can also leverage some asset classes, and I can't think of a way you can currently do that with bitcoin.

An acre of UK agricultural land is currently about £10,000. That at least doubles every decade, because its limited in supply. Plus some people win the lottery when their plot is zoned for development, supply actually DECREASES and the population is growing faster than ever, so it is forever DECREASING in supply as more housing is required.

That's better than the 'Fixed' supply that Bitcoin will one day offer isn't it?

The Chinese have been buying up agricultural land in Bulgaria and Romania.... humans need food. That said, they have been buying up everything.

Sound said:

What makes me laugh is people who don't own and never will own Bitcoins telling people what to do with their Bitcoins that have gone up from $200 to $20,000

The same people are the ones who don't like change and think Brexit was the end of the world and that no one can make money from domains if the brought them after 1979...

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Well I'm somebody who doesn't own bitcoin who is happy for those who have done well out crypto, it doesn't mean that its the only way to become rich....There is a 34 year old from my hometown who has turned £85k of his own money into a business worth probably £300m+ over the past 5 years and he still owns 100% of it.

Presumably building that business involved 90 hour weeks, time he wouldn't have invested if he was distracted by something like Bitcoin from 2013 onwards instead...... so lets not assume that everybody heavily invested in crypto right now are the only people doing things right, and that everybody who has opted out is an ignoramus or isn't generating good money elsewhere.

Ironically that business processes cash payments for businesses, although not as ironic as crypto bagholders who shout about bitcoin becoming a new mainstream currency whilst measuring the value and their ROI in dollars.

I am pretty sure that Warren Buffet also invested in many off the radar companies, which in hindsight now look like good safe long term investments, but at the time he had to put huge amounts of his money into them based on his own thoughts and calculations on the companies. So he actually saw the future value of some companies long before anyone else, which you could argue is quite the same as people investing in Crypto.