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  1. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    It's not a crypto stock. It's a media stock, well, actually, it's a scam for Dump to fleece his MAGA supporters and pay his fines.
  2. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    That's what it looks like to me also. Blockchain technology (possibly/probably) becoming mainstream while the coins are invaluable to criminal enterprises and market manipulators.
  3. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    Money can be made on any magic beans. There are always mugs willing to lose money.
  4. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    I've had a SIPP for well over 20 years and have made all my own fund choices, but based on research. I have done minimal research on crypto and have no desire to (it's all a scam with no intrinsic value anyway🤣), so the discretionary fund management approach suits me well.
  5. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    I understand you comments. I am also a sceptic but if they are hooked in to the whales manipulating the crypto markets they are more likely to generate gains. Edit: you can convert crypto back into fiat at any time and withdraw. I have done it previously with BTC through Binance. Whether they...
  6. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    I have just taken a look at SwissBorg, reading some of their Q&As. Is it really as simple as (once you open an account) depositing some GBP or EUR and then buying crypto coins entirely within their app without having to use my Binance wallet or any other exchange? Alternatively, just buying...
  7. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    Prince William will be all over it if there's pegging involved. Royal Warrant forthcoming soon?
  8. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    https://twitter.com/nytimes/status/1578437514372829192?t=RCrZxvY-I_8LJsIp0uoMVg&s=19
  9. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    Isn't bankruptcy a criminal offence in Dubai, leading to a jail sentence?
  10. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    I'm with you on this. I lived through the dot com boom and bust in the late 90's,early noughties. If it has no intrinsic value it has no value. I've dabbled in crypto and got out at break even. I still think it's magic beans. Time will tell.
  11. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    With the disclaimer that I haven't studied Musk's behaviour and utterings on Crypto in any detail, I am old enough to remember when Ivan Boesky, Michael Milken and a few other big swinging dicks got busted for insider trading and manipulating the stock market. It looks to me from a distance that...
  12. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    Crypto is not regulated though. He can do and say pretty much anything he wants to manipulate the price.
  13. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    That's good to know about Portugal, thanks.
  14. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    What is the UK CGT situation with realised (cashed out to GBP) crypto gains, and for crypto gains held in BTC?
  15. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    Sounds a lot like the early days of personal computers when every man and his dog was making them in his garage but after a few years there were only a few big players.
  16. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    I know very little about crypto but I am genuinely interested in whether there are similarities with the dot com boom (and bust).
  17. Seagull58

    [Finance] The cryptocurrency (Bitcoin etc) thread

    There must be some here who remember the dot com boom and bust of '99 to 2001. What's the view on the crypto surge? Has The Sage of Omaha bought any crypto?
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