ozimoron
Advanced Member-
Posts
19,506 -
Joined
-
Last visited
Content Type
Forums
Downloads
Quizzes
Everything posted by ozimoron
-
He is no longer anonymous but creating it and controlling it are two different things. Nobody controls it, nobody can destroy it and nobody can change the blockchain algorithm.
-
Nobody, one of its main attractions.
-
buy low and sell high like any other asset.
-
The ones that fall the least whenever bitcoin drops and rise the most when bitcoin rises.
-
It would be in Pattaya. I understand that the TM30 will be done the same day as I arrive by the condo office where I will stay. Why would I need to change my address? In the past this has always been done through the office in soi 5 in Jomtien.
-
If I use an agent to do the original non O visa will the 90 online reporting work OK?
-
I wouldn't say it was a selling point but it was an incorrect assumption. Like gold isn't either despite having a supposed reputation for being so. Bitcoin (and all crypto) history of following the stock market belies any theory that it would ever become a hedge against inflation..
-
The current bear market is easily explainable. Bitcoin has always been in a bull market because it came at an ideal time, several years after huge injections of money supply following the GFC and then again aftyer covid started. Most of that money found it's way into share buybacks and crypto. It also caused rampant inflation which the Fed failed to recognise and check. Now they have no weapons to fight inflation other than increase interest rates which drives up the cost of capital and depresses the stock market. Since crypto always follows the stock market the outlook is down for the next couple of years at least, probably much longer. War with Russia and economic losses due to climate change are also depressing asset prices..
-
Soon to be pauper Michael Saylor ????
-
He is on the money here. If you want to do something other than gratuitously bash Thailand why not put up a reasoned argument with citation to show how he's wrong. I live in the only state in Australia where chlorpyrifos is legal and I was a mango farmer in a past life. That industry uses lots of it unnecessarily. Both paraquat and chlorpyifos are extremely dangerous to the environment and food chain. Chlorpyrifos has a 100 year half life.
- 31 replies
-
- 14
-
Like you, the only thing I believe is that bitcoin will still be around. I don't know how many times I have to say that it's not necessarily a good investment at current prices. In the short term it may rise but at the end of the day I believe this is a bear market for ALL asset classes and the longer term outlook is down for everything. My reasons are off topic here. Unlike you, I believe that bitcoin will never be "worthless" and that one day it will again be an excellent investment. Most crypto will fail (as has happened historically) but bitcoin won't because of the huge amount invested in it and the fact that it was the first crypto. It's lack of utility actually benefits its value, similar to gold. While gold has some utility that represents a tiny fraction of its value. Its rarity gives it value.
-
Bitcoin is running out the clock on Time will tell. It isn't going away. The reason the "crypto crowd" refer to tokens as coins is because of the "coin " in bitcoin which was the first one and was intended to be a currency but really evolved as a store of value instead.
-
Assault on Kiev: Russian helicopters swoop above Ukraine's capital
ozimoron replied to Chris.B's topic in The War in Ukraine
They won't have to do anything unless Russia attacks Sweden. If that happens, article 5 gets invoked. -
Most crypto is not money and doesn't purport to be so.
-
I have seen anyone pushing people to invest. All assets go up and down.
-
I'm not trying to convince you that they are a good investment, they are not. Like shares, they should be bought and sold, not just held. There is money to be made and investors are attracted to crypto precisely because of the volatility. The price of gold or shares move at a snail's pace in comparison. For those who are willing to put in the work there is the potential for great gains to be made. Historically, that has been the case, along with great losses.
-
We can't say that any asset will make money. None. If we experience another great depression, houses will be worth a fraction of their current price.
-
Bitcoin won't be a currency for the same reasons as gold isn't. It's worth too much, there's not enough off it and transaction times are too long.