NottsRam77

2 hours ago, Bob The Badger said:

Kyle Walker who plays for a side who regularly steamroller teams 3 and 4 nil, saying it's unrealistic for people to expect them to steamroller teams 3 and 4 nil. 
 

 

One of those teams has pep in charge .. the other most certainly doesnt 

5 hours ago, Returning ram said:

Not really, ATE is way down the list, source of funds is much higher.

Hmmm have to respectfully agree to disagree on that one 👍

23 hours ago, Returning ram said:

I understand Crypto, I work with it. I said one of the main selling points was its perceived anonymity at the time, which it was, for criminal activity. You will of course know that even now, it's the main payment type on the dark web.
 

My surprise was that it's remains as popular despite a lot of regulatory focus around it and the exchanges that are the bridge between turning the currency into cash. I know what people see as benefits, once again not my point, I don't need a salesman pitch to tell me, I can see the numbers for myself, I just said in my opinion I was surprised it hasn't impacted it more.

Iv no problem with regulatory compliance from exchanges. 
 

its all to do with making sure taxes are paid on realised profits… fair enough to me 🤷

23 hours ago, Wolfie said:

You really don’t seem to understand that the inflation figures are an average of everything over a rolling 12 months period.

Big energy rises were reflected in last years high inflation but the reductions since are helping pull it down again. 

I do actually mate,

Im talking about how inflation has effected me and my wage and savings buying power. Who says inflation has to be measured annually? The governement ? Colour me Shocked.

i deal in longer time frames, which is why u wont  see me crying about bitcoin being volatile week to week , month to month .. im looking at inflation , my money and bitcoin over the big picture and what bitcoin does through its cycles 

inflation will erode into my moneys purchasing power and bitcoin will go up against fiat because fiat is constantly being debased

both statements are true 

Anything else is just noise quite frankly

On 16/06/2024 at 11:31, Day said:

If the FCA are reading, I am not a financial advisor, this is just my own personal view.

Never listen to people on the internet what to do with your money, especially through social media/YouTube.

Too many shills and influencers out there with only one interest in mind, their own. Ask yourselves why someone on X would want to make you rich, why this attractive woman on Instagram in lingerie is promoting a Crypto coin.

Investing your hard earned money correctly is one of the biggest challenges we all face, do your own research then if it fails or returns you a lot of money, that is on you.

Memecoin and shitcoin shillers are a poison of the crypto space hence why its always key to do ur own research / dont by s***/meme coins 🤷‍♂️lol

13 minutes ago, Comrade 86 said:

I haven't said that history means nothing either, that's your assertion, not mine, indeed I used historical trends to try and explain the thinking behind the notion that BTC might be bought for considerably less than than the current figures in the not too distant future. You are so quick to jump on anyone whose opinion does not precisely mirror yours, that you can't even read what they've actually said. 

But hey, best of luck 

For what its worth i think the current levels will represent the next cycles low.

based purely on chart data .. but again thats history related and speculating 

7 hours ago, Returning ram said:

And good luck to you, if BTC is working for you, then why not shout about it. I'd certainly wished I'd had the hindsight to invest all then years ago. People keep saying the value is going to drop, it's going to fall through etc...but doesn't seem to be happening any time soon, so hopefully you continue to make money.

What I do find interesting, is that one of the main selling points was its anonymity and the obvious benefits it brought with that to some. I was shown last week how you can trace the funds now from the wallets and the journey the funds takes via open source software.
 

I won't delve into what they had done, but it does highlight that even with regulatory focus, it appears it's here to stay, which is where I thought it would start to lose its appeal.

I think theres a little confusion there

let me try and explain

Anonymity isnt one of bitcoins features/ selling points

quite the opposite, transparency.

I can send u £1000 of btc and anyone in the world, anywhere in the world can view that transaction. Bitcoin is a public ledger for the planet… just think about that for a second… i think thats mindblowing

no one can change the transaction, no one can delete it, copy it,  reverse it, manipulate it. Its there.. forever for anyone to view

etched in digital time 
 

it also doesnt need the permission of a 3rd party, it doesnt need to be held by a third party 

it is trustless and permissionless

those are its main points 

21 minutes ago, Comrade 86 said:

And this is why I CBA with this thread. I've said historically that any lengthy plateau has most often been a portent to balancing, NOT that there's never been a plateau before. Try reading what folk say before jumping in with 'go look at the charts' comments. 

Enough's enough. I'm out.

There is irony here, that u chose to ignore that i had so many times said DYOR and that history means nothing

but hey 

best of luck

7 hours ago, Wolfie said:

How is your fuel bill still going up?. That's one of the negative drivers that's brought average inflation back down to what it is now.

So if your car insurance is now £41.50 / month and your council tax is now £221, that's only a fraction of your total monthly outgoings - which will be offset by stable or falling prices for other stuff (petrol, gas/Elec, some food etc etc).

in the last 2 years or so its gone from 1100 a year to whatever it went to for all of us cos of russia and has now settled back down to 1500… with talk of a slight

increase latter half of the year and a slight pull back start of next 

i make that about a 40% increase in the last 2 years ….. 

that aint 2% measured inflation is it 

1 hour ago, Comrade 86 said:

Just my opinion, but I think now is a terrible time to be buying BTC. The price has plateaued for probably the longest period ever and price history shows that any sustained plateau a is typically a portent to another dip, or 'balancing'. That's always been the trend with BTC and why I've always favoured playing in the dips over the HODL strategy, as doing so greatly increases the amount of coins one accumulate over time and also affords investors a means to play with profits, not savings. It's one of the very few absolutes for me.

Of course as with any investment, past performance is not a 100% indicator of future values, which is why I get testy over anyone suggesting or implying that BTC trumps all other investments, though I do agree with @NottsRam77's assertion that the price is likely to continue to climb over time.

My guess is we'll see BTC balancing down to somewhere between $35K and $50k, before rallying to in excess of $100k in 2025/25, but there are a number of outside factors that worry me, that give me pause for thought. The regulatory outlook seems to change daily and with elections both here and in the US, who really knows how the new incumbents will view things? There is a growing and increasingly noisy group of lobbyists unhappy with BTC's carbon footprint, a not unreasonable stance IMO and from a transactional perspective, regards for mining are coming under ever-increasing pressure.

Equally, there are also some strong positive indicators, greater uptake of the BTC blockchain in the financial sector being a good example, that could really benefit BTC holders. Visa and Mastercard are increasingly using the chain to validate payments and are even extending that to significantly less mainstream blockchains, Solana being the latest addition I believe and this is only one of the reasons I believe that out of hand dismissal of all alt coins (read 'blockchains') makes very little sense.

By the same token, some folk seem to believe that the value of BTC is notional and to a degree, it is, but a fundamental understanding of blockchain tech and it's related eco systems would explain why it's not purely notional. The fact is, this is a volatile and ever evolving landscape and anyone wishing to get involved really should spend some significant time researching the subject, hence my DOYR mantra, the only 'absolute' I stand by.

Please note , I have been very clear, very categoric and repetitive with regard to do ur own research and  repeatedly on here said that past performance is no indication of future performance of any asset.
 

However i believe that if u do ur own research and learn about bitcoin … and not from some guy from a football forum you will start to understand where im coming from and why im so passionate about it, and why imo its the superior asset class to beat inflation.

it is volatile, but its still in its infancy stage .. adoption… and its getting adopted which i have already covered.. soon to be in every pension pot on the planet.

Re your first Statement ……. 
Go look at the charts , bitcoin had plateaued for 6 months after the halving on most other cycles so this is absolutely nothing new.
in terms of worst time to buy bitcoin, depends on your belief in it and ur timeframe which is down to the individual. We are start of the bull run, is it the best time to buy no.. is it the worst no. 

Totally agree the regulatory landscape is always changing.

what is interesting now though is that bitcoin is now seen as a potential vote winner such is its fanatical slightly cult like support.

youve got trump in the states being very very vocal over his support for it and to keep the regulators off our crypto.. now does he mean it ? Probably not.. but thats not he point. The point is wall street are now behind it and it means that bitcoin cannot be ignored and is very much part of the global future financial framework. 

11 hours ago, G STAR RAM said:

Your experience of inflation isn't how measuring inflation works though I'm afraid.

My experience of Bitcoin is that it's earned me nothing over the last year but my bank account has earned me interest at a higher rate than inflation. 

Does that mean that having money in a bank is better than having Bitcoin?

Obviously that's a rhetorical question.

I measure inflation on how it effects me.. how my bills have gone up, how my food costs have gone up, how going out for a beer or aa meal has gone up, how much my wrap around child care has gone up. Etc etc .. none of those have gone up by just 2% as i said in most cases its about 5x that. 
 

if ur bitcoin hasnt gone up in the last year then i suggest u must have bought quite recently and in which case arnt investing your gambling…. And hoping for a quick buck (see chart) not a pop just an observation.

I bought in the last year too and that investment has nearly 3xd. 🤷‍♂️

I also topped up some at 65k… so that hasnt gone up yet either, but i believe in the long term process and all the pap iv spouted previously that im sure u dont want to hear me go through again😂🙈

4 hours ago, Returning ram said:

If you listen to someone on a football internet forum on where to invest your money and it goes wrong then you only have yourself to blame im afraid.

I have a friend who invested in bitcoin in its early days, started trading in different Cryptos, they need to remove it now and have made seven figures from it, had they remained in their original investment, would have been 9 figures. They have struggled to get the bank to take the money, has taken months and has been a real problem for them. 
 

They have retired now, no need to work again, however they aren't going to reinvest that money back into Crypto, because as they say, that is their nest egg and they can't continue to gamble with it. Me, I'll stick to premium bonds, won 800 over past two months, may not win another penny for rest of year but I know my money is safe with a chance of winning something.

Im not good enough, confident enough or believe enough in different cryptos (altcoins i assume) that is gambling in my eyes as altcoins are the wild west for reasons i have discussed. 

theyre a totally different being to bitcoin.

but well done ur buddy, fair play to him but its not a strategy i could go with or would suggest to people .. cos its hard, really hard and risky

5 hours ago, Day said:

Even DYOR for example is an acronym some new to investing may not even know, that’s where some of the dangers lie, not truly understanding what people are actually telling you. 

Agree , but if ur putting hard earned money into anything … literally anything bitcoin, stocks, property a purchase off amazon any sane person does a bit of digging first. 
 

I mean if ur new to investing, you would do some research first before aping in… DYOR is just a jazzy way of spelling out the obvious and what any sane person would do anyhow 

1 hour ago, Returning ram said:

If you listen to someone on a football internet forum on where to invest your money and it goes wrong then you only have yourself to blame im afraid.

I have a friend who invested in bitcoin in its early days, started trading in different Cryptos, they need to remove it now and have made seven figures from it, had they remained in their original investment, would have been 9 figures. They have struggled to get the bank to take the money, has taken months and has been a real problem for them. 
 

They have retired now, no need to work again, however they aren't going to reinvest that money back into Crypto, because as they say, that is their nest egg and they can't continue to gamble with it. Me, I'll stick to premium bonds, won 800 over past two months, may not win another penny for rest of year but I know my money is safe with a chance of winning something.

Everyones different 

as i said DYOR and whatever works for you then go with. We all have different outlooks and risk tolerances and shouldnt deviate from our beliefs

i deem holding money in bank a risk as i know it will lose value against real inflation. Im not saying im Right its just what i believe. 
prem bonds, stocks and shares , property etc etc can all work for people and gives them the security they are happy with.  
 

imo diversity is also key 

11 minutes ago, Day said:

If the FCA are reading, I am not a financial advisor, this is just my own personal view.

Never listen to people on the internet what to do with your money, especially through social media/YouTube.

Too many shills and influencers out there with only one interest in mind, their own. Ask yourselves why someone on X would want to make you rich, why this attractive woman on Instagram in lingerie is promoting a Crypto coin.

Investing your hard earned money correctly is one of the biggest challenges we all face, do your own research then if it fails or returns you a lot of money, that is on you.

Obviously .. as i have stated previously DYOR .. always No matter what ur spending / investing your money in

im merely interested in protecting my savings and theyre value  and spending power and find the who subject interesting when dive into our financial system and how it works.. or doesnt as o believe the case to be 

16 minutes ago, Comrade 86 said:

In other news, I've just dumped my entire holding @ £52k and change. I 'd explain why, but you wouldn't listen to a word of it so instead I'll just wish you all the best.

 

I actually would 

but cest la vie 

all the best 

1 hour ago, G STAR RAM said:

You do realise that the figures released are an average? So taking your own situation and applying it to the whole country probably doesn't work?

Obviously they're my own figures, its my experience of inflation

but are u telling me your car insurance , fuel, telecomunications and council tax etc havent gone up by more than 2% in the last year ? … or the year before that ? 
everyones figures will be different but i can wager theyll be an obvious trend

so if ur saying that the ‘measured’ inflation is an average of consumer products can u tell me what has actually come down so exponentially do average us down to to 2% if all the obvious stuff has gone up so much 

not arguing with u , just genuinely dont see how its not anything but total spin from the powers that be 

24 minutes ago, G STAR RAM said:

Yes, I assume we all get payrises too?

But not in line with inflation.

my mrs is a teacher and sister a nurse

so am well aware of this 

my car renewal quote went from 297 to 498 …

my expected fuel bill sits at circa 1500 from 1100 per annum.

council tax 205 to 221 per month (whats that 7 ish percent) 

Actual inflation vs measured inflation 

10 hours ago, G STAR RAM said:

Inflation is currently around 2.3% compared to the 4.95% on a savings account?

See my comment a couple of posts below 

theres a fundamental difference between “measured” inflation and actual inflation.

a manipulated basket of goods vs actual realtime rising costs like car insurance, water rates, council tax, telecomunications all risen in the last year 5x ahead of the supposed current 2 point Whatever “measured” inflation rate

what they spin u and what actually happens …. Two very different things. 
it amazes me people (not getting at u at all) are so blind to it

i mean.. we all get the same bills right? 🤷‍♂️

9 hours ago, Comrade 86 said:

The current UK inflation rate is 2.3%. Last year it hit a 41 year high at 11.1%. Last year you comment would have been true, this year, it's not. You talk in absolutes, but the landscape is changeable (for crypto and fiat) and you really need to grasp that fact.

Erm u know they change the baskets of goods they use to measure inflation.

coffee and olive oil used to be in the basket but they went up 70% so they have now been removed. 
 

Fuel bills remain what 20,30,40 percent higher than they were 2 years ago.

car insurance .. 40-70% renewal quotes. 

council tax 7- 10% 

Water .. what are they lobbying from us now .. 30 - 50% increase?

virgin/sky … mines gone up 10% basic package

even a fricking happy meal has gone up 10% plus lol

”measured” what they want to tell u inflation and actual inflation.. two very very different things 

23 hours ago, G STAR RAM said:

What about the interest earned on your savings?

the interest on your savings wont keep up with inflation, not even close 

4 hours ago, Comrade 86 said:

The only message you should be pushing is DOYR. That's all the evangelising that's needed, or warranted. You are not an investment specialist and you really need to stop presenting yourself as one. No disrespect intended, but anyone taking your mantra at face value could find themselves in all sorts of bother. To my way of thinking, posting fundamentally flawed advice like the above is shilling, not advising and as you know, I hold Bitcoins myself. Not trying to get on your case here, I just think that for some, the line you are pushing is a very dangerous one.

I have stated throughout this thread MANY a time DOYR and only ever invest what u can afford to lose no matter what u invest in, bitcoin or otherwise

And that video is slightly tongue in cheek, but he has a point at the end of the day. 
 

cash in the bank is losing value annually .. its a fact that no one can argue with

how u beat that inflation is totally down to the individual. 
 

but theres only so many answers right? 

On 12/06/2024 at 07:24, G STAR RAM said:

Might be being thick here but surely they would have been better saving in dollars?

On 12/06/2024 at 21:11, NottsRam77 said:

Simple terms , and im not being condersending just its hard to explain over text but its bitcoin.

If ur trying to beat inflation and protect the value of ur money over time its bitcoin. 
 

the pound, the peso, the euro lose value against the dollar, the dollar is the worlds currency everyone buys goods and commodities around the world in it, there is a demand for it. Outside of the uk how much demand is there for the pound.. bugger all

so these other currencies lose against the dollar as they are weaker…  and they lose to government inflation. 
 

the dollar loses its value against inflation and bitcoin

bitcoin beats inflation

if u dont believe me theres about a million charts showing each asset against the other and inlflation over time 

Googled it

in 2002 the peso was 1-1 with the dollar… btc came along 2008/9

so yes btc has expondentially and immeasurably outperformed the dollar in that time frame

what i will say though is back then and for the next however many years no sane person would have seen btc as a store of value as it was literally then this internet magic money.. its come a v v long way since

23 minutes ago, G STAR RAM said:

But in the example given, would the person have been better holding dollars or Bitcoin? 

Simple terms , and im not being condersending just its hard to explain over text but its bitcoin.

If ur trying to beat inflation and protect the value of ur money over time its bitcoin. 
 

the pound, the peso, the euro lose value against the dollar, the dollar is the worlds currency everyone buys goods and commodities around the world in it, there is a demand for it. Outside of the uk how much demand is there for the pound.. bugger all

so these other currencies lose against the dollar as they are weaker…  and they lose to government inflation. 
 

the dollar loses its value against inflation and bitcoin

bitcoin beats inflation

if u dont believe me theres about a million charts showing each asset against the other and inlflation over time