Crypto Currency - Believers Only

-si-

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!

benson

-si- or winning as he likes to call it

Hursty

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

-si-

Hursty

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

Blame hernan!

mono-stereo

-si-

Herman has always supported an expansionary fiscal and monetary policy. Back in the 2012 he began issuing short-term debt instruments denominated in locks of his thick thatch.

Thankfully the Argentine central bank devalued Cattáneo’s hair after it started looking a bit scruffy.

Smallman1

Mad_Cyril 😂

Ding 🛎️

Lol!

Smallman1

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.

Mad_Cyril

Smallman1
aka winning?

Hursty

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

Smallman1

Is the right answer!

Hursty

ECB nailed it with their impressive foresight, last gasp indeed

-si-

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?

Hursty

-si- NFTs were great as mentioned, it was a flash market with lots to be made, luckily I was in at the start of it relatively speaking

As for the ECB, my point there as with many mainstream outlets is that they constantly try and throw mud at Bitcoin yet it keeps going and gaining momentum. It’s not too much of a stretch to acknowledge it as an investment purely based on a store of value when that is what it has delivered in spades since its inception.

The ETFs coming in 2024 will open up new liquidity for speculators to gain exposure so we will see how that affects the price as well

RichM

Hursty so basically back to bitcoins only value being people buy and sell it U.K. make money, no other value.

If so the stupidity of some investors can continue to raise its value but I doubt to the massive levels you suggested next year.

Funky

I just filled up my car with Polkadot there on my coinbase card basically a free fill. The whole is it a real currency isn’t important at the moment, fact is you cant print crypto like u can the dollar, crypto actually burns its circulating supply along with staking so not just does it tackle inflation it actually gains value due to the less supply.

Unless you have had 50% pay rise since 2008 you’re wage won’t have met current inflation. Fiat is fkd and banks no it that’s why those clowns said back in January it going to zero, many here said the same.

Everyone basically needs a side hustle these days to tackle inflation esp civil servants, we are 46% poorer than 2008 which was our last proper pay rise.

Hursty

Funky The £ has lost ⅓ of its value since 2020 mainly due to the printer but it never gets reported. The only reports you get are blaming other geo-political factors such as Ukraine or CPI.

The bottom line is that every single paper currency since the Ancient Greeks has failed, but remember, this time its different, (said every government who has ever introduced one throughout history).

Mad_Cyril

I love it when the dynamic duo start riffing 🚀🌖

bosstrabs

Mad_Cyril Proper bouncing off each other.

Hursty

👌🍌

Millsy

Funky is a civil servant? I had him down as someone who uses his hands

Mad_Cyril

Millsy Funky is a civil servant? I had him down as someone who uses his hands

The two aren’t mutually exclusive, especially in Whitehall

RichM

Hursty why is it no doubt? If it was why isn’t everyone investing? Including financial institutions not just joe bloggs on the Street?

Smallman1

Doesn’t Funky help build roads?

Fairly sure he does something along those lines.

Not being disrespectful, just what I remember.

Funky

Smallman1 yeah but still classed as a civil servant here, can be hands on or in the office at times.

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