Rayvin

Fair.

So my logic was more that if they opened it up to public ownership as per royal mail, and gave priority to average citizens, that there might be enough people who think like us to grab a controlling stake.

The BBC seems to be in something of a shitstorm this morning - fresh calls for privitisation following it. Just wondering on that though - if it was privatised, could it end up actually impartial? So for instance, both the left and right believe it to be flawed against their own ends. What if it was largely bought into by the left/centre? If we ended up with a controlling stake in it, we could make it fully factual, could we not? Then we'd have a huge platform as a counter to all the right wing nonsense. I find it unlikely that the right wingers would take the same approach.

They're investing in it and some are, apparently, trying to be "part" of it due to the threat to their relevance. XRP is sorta built for those ones, it's not decentralised and is owned by a company. Their angle is to be the halfway house option that the banks can take up easily. And indeed, banks are keen. The US government is currently suing them though, so who knows where that ends up. I will pay my taxes though, guaranteed. Although if ewerk is right, it sounds like it'll more be the case that the whole thing will be a tax deductible loss..!

Weird one. I've not got an open position on ETH at the moment (closed earlier to boost my ADA position, trying to max out on the volatility). That sounds like... well idk. Transferring to a wallet isn't selling though.

Just reading back through this thread from when it was about $11k

I also invest in gold fwiw, and that has been pretty fucking mental in recent times as well. You'll just be sitting there watching the numbers day to day and suddenly some national reserve will dump or buy a great whack of it, and then it's just a frenzy. That actually happens less in crypto, in my experience..! Well, until the other day.

I think it hinges on the notion that the bubble will eventually burst and whoever is left standing holding the commodity at the end gets burned. Which is exactly the same as all the other movements I see on the stock and commodities markets tbf Although I suppose you could claim that with crypto, if you do believe it's going to die eventually, that will be a reckoning greater than any of the more established commodities. It's still the same principle though.

All of us here are capitalists, last I checked I prefer to view it as intelligent money profiting from stupid money. Which cuts both ways, and which I have been on both sides of the line on in my experience so far

We're not early adopters tbf - long missed the boat on that, this stuff has been going solidly for years now. Well actually, Quiff might be - I'm not though, I can claim about 6 months at best. I'm 'third wave' apparently. What do you think happens on the "non-ponzi" markets incidentally? People buy, trade and short gold, shares, commodities... and those people aren't also guilty of exactly the same thing?

Maybe not, but it's sure as shit getting bigger than it was. Growth is growth. The major banks have been indicating that they're paying more and more attention to it this year and if they do decide to jump in, then it's going to be a step closer to 'mainstream'. The question I'm asking myself in general terms, is whether $2tn worth of investment is going to disappear in the next 3 years. I think probably not. I'll revisit the view in 3 years time.

I'm just comparing the market caps. Crypto isn't a 'small' thing. Exactly what I was thinking.

Based on the googling I've just done, if crypto were a bank, it would be placed at 11th biggest in the world based on market cap. And 4 of the top ten are Chinese state owned banks.

It has a $2tn market cap at the moment mind. That's not exactly a kitten either.

I mean, I agree. I fundamentally agree with that. But then, I'm not investing into Bitcoin. My 'belief' is that the currencies I'm investing into will have functional utility in the medium to long term. XRP for instance has already lined up a number of banks to start working with it. If that's still not enough to persuade you then fair enough, but I don't really see how it's any different to gold or national currencies, other than that they are established and crypto is not.

It's the arrogance of it that gets me - why does she feel entitled to watch this man get arrested? To stand in his yard? To make a PR stunt out of his moment of humiliation? She's a fucking bitch.

Why is Priti Patel joining the police on arresting people? That doesn't feel like it should be a thing.

Great position to be in - people keep talking about how BTC will eventially hit $1m. Not sure about that myself but I think it'll go back north of $60k.

Yeah I jumped out while it fell to go back in later. The risk with that is that it immediately starts rising again when you sell, thus meaning you've lost money with no gain - but I seemed to get this one right. That said, it'll take me a while I think for it to get back to where it was, which is when I'll have really made some profit from it. I think it has fallen as far as it's going to for now, I guess the test from here is whether or not the market confidence has taken a more serious hit, or if it's going to start climbing again as people eye better prices.

I did buy the dip...

Wait, have we met in real life? Did I apologise to you? Sorry about that.

ETH, ADA, XRP - my usuals. You might well be right on Bitcoin btw, just my view.

Indeed, but I really don't see the logic in holding if you know it's going to go down significantly enough to make some money out of it. It's a weird sentiment.

I bought back in If we get back to where we were, I'll have made some money out of the dip. Honestly I held for the first bit but it was so obvious we were going to take a hit as the day rolled on and the US woke up to see red everywhere that I didn't think it made sense to hold.

Well you hit me with an 'I told you so' when it does then. For now at least, I'm back to green - so I'm not complaining about it myself.