I can't believe what I hear. What compels these people to attack bitcoin?

 

 

People attack what they dont understand. Ironically Munger says inflation is out of control. 7.9% official but 12% real.

41 minutes ago, Neeranam said:

What compels these people to attack bitcoin?

The reason that is native to any investor of certain dignity. They are just angry at themselves because they did not understand it from start. Didn´t believe in it from start. Never got on the train. They have missed a great opportunity to make more money, as it now has a high value already, Something that means they have missed the time when they could have been investing and got 10 000 - 20 000 % profit.

I don't think I seen you lads post in the post about

Thailand not supporting Crypto ,to say the least

now the UK taking measures..........???? 

regards Worgeordie

1 hour ago, worgeordie said:

Thailand not supporting Crypto

Thailand does support crypto, just not as a form of payment yet. Heres a quote from the Thai press last week that many dont realise :

 

"With Thailand leading the world in the proportion of internet users owning cryptocurrencies (20.1% of Thais aged 16-64)"

 

UK is similar, does not  support as an alternative currency but as an investment its fine. The exchange I use is approved by the UK government.

 

Why would Thailand not support as a form of payment? IMHO because it is a serious risk to the Thai baht, Thailand will want to have a digital currency of its own in place because the current capitalisation of crypto is 4 times higher than Thailand's total market capitalisation!

Crypto is here. It may be too big to stop but countries will want to slow its adoption down to protect their own financial systems. 

Edited March 28, 20224 yr by Whale

1 hour ago, worgeordie said:

I don't think I seen you lads post in the post about

Thailand not supporting Crypto ,to say the least

now the UK taking measures..........???? 

regards Worgeordie

Thailand not banning crypto. Just banned use as currency. You can buy and sell it like a share.

U cant use Amazon shares to buy milk either 555

 

 

6 minutes ago, Sparktrader said:

U cant use Amazon shares to buy milk either 555

 

 

But Crypto is supposed to be used as currency ....? is that right,

regards Worgeordie

2 minutes ago, worgeordie said:

But Crypto is supposed to be used as currency ....? is that right,

regards Worgeordie

Not really. Its a hedge against inflation digital gold.

 

currency is but one use but not vital.

 

wine, baseball cards, gold, crypto

 

you can make money 

Art

Why is one painting worth $40m?

 

24 minutes ago, Whale said:

Thailand does support crypto, just not as a form of payment yet. Heres a quote from the Thai press last week that many dont realise :

 

"With Thailand leading the world in the proportion of internet users owning cryptocurrencies (20.1% of Thais aged 16-64)"

 

UK is similar, does not  support as an alternative currency but as an investment its fine. The exchange I use is approved by the UK government.

 

Why would Thailand not support as a form of payment? IMHO because it is a serious risk to the Thai baht, Thailand will want to have a digital currency of its own in place because the current capitalisation of crypto is 4 times higher than Thailand's total market capitalisation!

Crypto is here. It may be too big to stop but countries will want to slow its adoption down to protect their own financial systems. 

Yes otherwise baht tanks

Aud up a lot last 6 months

 

Btc is like a foreign currency

Swap into baht then spend

Satoshi's vision is a direct threat to the establishment because it has the potential to give the people control over their money instead of the fat cats (rats?). Munger is a fat old cat so I very much suspect that's the reason he refers to Bitcoin as 'rat poison'.

Edited March 28, 20224 yr by Lemsta69

1 hour ago, Lemsta69 said:

Satoshi's vision is a direct threat to the establishment because it has the potential to give the people control over their money instead of the fat cats (rats?). Munger is a fat old cat so I very much suspect that's the reason he refers to Bitcoin as 'rat poison'.

Correct

 

Rich control slipping

4 hours ago, Sparktrader said:

Thailand not banning crypto. Just banned use as currency. You can buy and sell it like a share.

Or like a lottery ticket.   LOL

5 minutes ago, KannikaP said:

Or like a lottery ticket.   LOL

Lotteries are gambling.

3 minutes ago, Sparktrader said:

Lotteries are gambling.

And so is buying Bitcoin.

2 minutes ago, KannikaP said:

And so is buying Bitcoin.

Nothing like it at all. Btc moves 1 to 5% most days.

 

Lottery tickets mostly lose 100%.

Just now, Sparktrader said:

Nothing like it at all. Btc moves 1 to 5% most days.

 

Lottery tickets mostly lose 100%.

1 - 5% up or down?

Btc actually less risky than buying the baht.

1 minute ago, KannikaP said:

1 - 5% up or down?

Dont you know how markets work? Obviously not

 

A single share in Berkshire Hathaway is worth more than half a million dollars, and the collateral is bricks and mortar companies, not a stream of electrons that can be blown away by hackers or an EMP.

That suggests to me Buffet and Munger have a longer track record of success than the gamblers at the crypto roulette wheel.

2 minutes ago, Sparktrader said:

Dont you know how markets work? Obviously not

 

Yes, sometimes they go up, other times down. Buy at the bottom, sell at the top. Gamble!

2 minutes ago, KannikaP said:

Yes, sometimes they go up, other times down. Buy at the bottom, sell at the top. Gamble!

Wrong. Its called trading. No difference to shares.

 

Gambling is 100% luck no skill and you can lose 100% in a day.

 

Its impossible to lose 100% in a day on btc.

 

6 hours ago, worgeordie said:

I don't think I seen you lads post in the post about

Thailand not supporting Crypto ,to say the least

now the UK taking measures..........???? 

regards Worgeordie

SCB, owned by the Crown Bureau bought Bitkub, the largest crypto exchange in Thailand.. 

Green cheap

Hold fair value

Red sell

1 hour ago, Neeranam said:

SCB, owned by the Crown Bureau bought Bitkub, the largest crypto exchange in Thailand.. 

Buying an exchange makes them money without being exposed to crypto.  Jumping on the business aspect does not mean they are saying yes or no to it's viability.

 

Can you please put your future posts in the crypto forum?

11 hours ago, Gottfrid said:

The reason that is native to any investor of certain dignity. They are just angry at themselves because they did not understand it from start. Didn´t believe in it from start. Never got on the train. They have missed a great opportunity to make more money, as it now has a high value already, Something that means they have missed the time when they could have been investing and got 10 000 - 20 000 % profit.

Agreed, just bitter. 

7 minutes ago, Neeranam said:

Agreed, just bitter. 

Every person in the World would be rich with hindsight .

There have been numerous investment opportunities we all could have taken and become rich 

5 hours ago, Sparktrader said:

its impossible to lose 100% in a day on btc.

many people trade with leverage.????‍♂️

13 hours ago, treetops said:

Can you please put your future posts in the crypto forum?

I agree