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Sustainability. We are not yet powering everything with clean energy, which means we are potentially worsening climate change, or in the case of nuclear, wondering where to stash the highly radioactive waste material for the next 10,000 years. It may be that over years or decades we can build...

Well, I placed my little bet about a month ago. Let’s just say that my “holdings” are currently “worth” less than I paid for them. However, like a gambler with their mechanism gone, I’m convinced that this next 12-24 months will be lifestyle defining, and make up for all the bad times...

Yup, I’ve recouped my trading fees. Come in all you greater fools, the water’s lovely.

I’ve had a cheeky bet, staying true to my “it’s a speculation not an investment” cynicism. £400 split equally across eight currencies. I will check in annually and see if anything’s happened, comparing notes with my ISA. I look forward to my 84,352% returns. 🧐 Please don’t leave it too...

You’ve made quite a lot of bold predictions, I’m in agreement with you wrt shitcoins, they’re just the old penny stocks pump and dump scam all over again. I’m far less certain that the Federal Reserve will just sit idly by and let the dollar implode, quite apart from anything else they’ll be...

Yup, I’ve noted the changes that have permitted holding as an ETF in the US recently, but all that says to me is that the grifters can reach a much larger market of greater fools, it hasn’t given BTC a purpose in life. It absolutely explains the “number goes up” of recent weeks though. I...

As @CheeseRolls pointed out above, you haven’t cleaned up until you’ve converted back to FIAT and paid the tax man. I wish you well with it, but on the evidence so far it’s not for me.

Off topic slightly, but America at present feels to me like a country actively looking for a civil war. I hope it doesn’t come to pass, but the level of heat/anger over there seems irreconcilable. I do fear that something incredibly stupid could be allowed to happen. Ah well, at least we...

This ties into another reason that I distrust Bitcoin, the largely false trope that the regular financial system is looking on in envy and simultaneously desiring Bitcoin (and secretly, always secretly) investing in it. Bitcoin has a market price and a finite supply. It could easily be...

Thank you for your answer, I like this argument more, this is effectively saying “Bitcoin is a store of value” rather like the people suckered in by ZeroHedge back in the day were always talking about how much gold bullion they had in their underground bunkers. So, the thinking is, America...

There I disagree with you. If it has no other purpose than to be traded, then it has no genuine utility, and is really poorly designed for the task. I know that other coins improve on BTCs limitations, but BTC has poor transaction throughput, and performs in a vastly inferior fashion to...

I was referring to BTC, yes. If its utility is “to be traded” then is that a true utility? There may be coins out there linked to specific real world projects, and they would then have some utility. The question there, is what value is the project being funded by its own currency providing...

I understand that those who speculated at the start have gained significantly. However, a winning bet is still a bet. There has been no real world service or goods provided, there is no utility attached to the coin. I don’t know of anyone, even those who’ve profited, who would argue with...

As I say, I wish you well and hope the good fortune continues. I’m glad the number has gone up during the period of your holding these. You don’t sound at all arrogant, and you’re ready to absorb any loss should the number drop, though the fall would have to be dramatic given the level of...

I’m taking a longer view. Absolutely there may be pressure in the short term for institutional investors to pile in, but I’m personally of the opinion that they’ll soon get tired of having their overall performance dragged about by a speculative instrument where the number goes up and goes...

It’s interesting isn’t it? The “coins” (they aren’t coins) have no utility, you’re not investing in a company that creates something or provides services, and they burn through incredible amounts of energy to “mine”. The transaction throughput rate is too slow for them to form the basis of...

100% this.

So your answer to elected governments, established legal and tax systems, and defined roles and responsibilities are “trust us” tech bro’s. Ye gods. Tax isn’t theft btw unless you’re one of those lunatic libertarians who don’t believe in human society. I’m at risk of the MMT chap crawling...

It all sounds dangerously close to tin foil hat territory to me. An uncontrolled by central bank token is fine by me, but the real world has to buy into it willingly. There are absolutely dangers in becoming cashless as a society, it effectively means your money is always under somebody else’s...

I’m not far behind him TBH. Everything I can see points me toward the POV that blockchain technology is valid and has potential practical applications in the wider economy. Cryptocurrencies however, are shady unregulated mechanisms by which money can be laundered and mug punters fleeced. I...