• General

  • Crypto Currency - Believers Only

demand to what end though? Presumably the only thing people want to do with it is sell it for more than they bought it for

Hit 44k today, can’t right of 100k by end of 2025. So many countries with crazy high inflation like Argentina gonna be very keen on crypto. We haven’t even had the ETF yet either.

    RichM there is absolutely no doubt it will exceed that figure

        Funky So many countries with crazy high inflation like Argentina gonna be very keen on crypto.

        Are the argies sticking their reserves into crypto now?

        I can’t keep up!

            -si- no, but the new president understands something needs to change in their economy as their current FIAT Ponzi is killing them, have you seen their inflation charts, bear in mind they are official which are lower than unofficial

            Crypto may play a role, perhaps Bitcoin which crucially has a fixed supply or gold which again has a relatively fixed supply and known mining cost, to stabilise the situation

                It was for Dave’s benefit to be fair

                Hursty Crypto may play a role, perhaps Bitcoin which crucially has a fixed supply or gold which again has a relatively fixed supply and known mining cost, to stabilise the situation

                This is the guy at the bookies who’s lost all of his wages, only £20 left in his top pocket for his daughter’s birthday and decides to chuck it onto an outsider in the final race, as it’s a sure thing and will fix all of his wrongs!

                    -si- it will be interesting to see how things pan out for Argentina, it cannot get any worse after years of fiscal meltdown

                    • -si- replied to this.

                        Hursty

                        The argies aren’t the only south american economy with a dodgy inflation issue.

                        Blame hernan!

                            Having spent some time in Argentina I can confirm their economy is an absolute blessing for those rolling with GREAT British sterling in their sky rockets.

                            Makes the steak, the vino tinto and the kitchen sinking as cheap as chips.

                              Smallman1 In 5 years the £ has gone from 47 pesos to 457 pesos, astonishing considering how much the £ has been debased over a similar time period

                                ECB nailed it with their impressive foresight, last gasp indeed

                                • -si- replied to this.

                                  Hursty ECB nailed it with their impressive foresight, last gasp indeed

                                  Oh come on, hursty. I’ve just clicked on the original post tab and if we go ALL THE WAY BACK to Mar 21, we can all read you’ve just bought an NFT to get involved. I won’t ask how your impressive foresight worked out!

                                  Hindsight is a wonderful thing, especially where investing and the markets are concerned.

                                  Is crypto any further on as legal tender in any country, being regulated to the extent it’s accepted as payment across the globe and being stable enough for the average joe to consider investing in it? Shirley that’s a no on all counts?