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Jimmy2trees

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Everything posted by Jimmy2trees

  1. Bitcoin kissed goodbye to £10k last year and is very very unlikely to ever get that low again my friend. When it hits £100k you'll be waiting for it to go down to £50k (which it never will) and while you continue to chase your tail you'll be missing out on massive gains. If you have the cash just sitting around buying Bitcoin is easily the best thing to do with it, even at current prices
  2. JUST BUY SOME BLOODY BITCOIN!!! 😉
  3. My initial investment in 2012 was around £5k which at the time bought 700 bitcoins and at today's price would be worth around £28 million However I sold most of them during the high of 2017 at around £14k but still hodled a few and have not sold any more at the most recent highs I'm waiting for £200k per bitcoin (which is a matter of when not if) then ill cash out some more and maybe buy a Tesla if they accept Bitcoin in the UK by then. If I was a no-coiner, I would be buying even at today's prices because the fundamentals of Bitcoin are rock solid and the price reflects true value and has potential to reach unimaginable highs.
  4. Over the past year I have been doing the exact opposite 😅
  5. I don’t understand why you frame everything in terms of trading when it comes to investing in cryptos. Having been into Bitcoin since 2012, I can assure you that the best strategy and the one which has made the most money has been to buy and hold. Or HODLING as we like to call it. Trading cryptos only became fashionable in 2017 with the proliferation of pre-mined shitecoins being pumped and dumped to dupe newbies looking to make a fast buck. Most traders lose money eventually and even those that gain tend to convert their gains into Bitcoin. Its just not worth the hassle. Instead, I would suggest ignoring all other cryptos and "blockchain" type investments and just buying and holding Bitcoin. Also, I don’t understand why you consider Elon musk a credible source when it comes to cryptos
  6. Picked up this beauty this morning from a pawn shop in Gloucester...
  7. Since my last post yesterday, Bitcoin is up about 3%, while gold has hardly moved. The money printing you mention is the reason. Historically, rising gold prices would accompany this but market manipulation has prevented this for years and there is no longer any mechanism for true price discovery in the gold markets and many other markets for that matter. And this will always be the case for as long as the dollar is the world reserve currency. This is where Bitcoin comes in. It is the new "canary in the mine" and is the only asset class that cannot be manipulated or confiscated and its price is a true reflection of its soundness as a store of value. It is better at being gold than gold. The upside potential for Bitcoin far outweighs the potential for losses, even at current prices. Given the choice of buying gold or Bitcoin, I think it's a no-brainer. And don't forget, gold is only 10% of its all time high as well.
  8. I'm not sure what that first line means. "Collectable" gold coins are a terrible way to invest in gold. If you're into collecting, fine. Then it's no different from collecting old comics or beer bottles. But as an investment in a balanced portfolio, if you want to invest or store wealth in gold, buy standard bullion coins. At this point in time, I would advise buying Bitcoin over gold all day.
  9. Buying rare and unusual gold coins is probably the worst way of investing in gold at the best of times.
  10. I was referring to a few posts up, where Stacktastic mentioned a ban on cryptos.
  11. Russian activity in the Arctic is nothing more than opening up the northeast passage. They have been working on it for years but the recent fiasco at the suez canal has prompted them into increasing their efforts. I can't see gold rising much over the short to medium term, never mind "going to the moon " Bitcoin, not "cryptos", is the best horse in the race for store of value . And contrary to what has been said elsewhere, it cannot be banned or confiscated by governments or anyone else for that matter.
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