I’m all about positive equity Wal!
No negative vibez here!
Crypto Currency - Believers Only
Eth will hit 10k this cycle.
Telcoin is starting to wake up, get in before it’s too late.
Wake up sheeple!
Yield farming MC, yield farming….
Etherium going bonkers at the moment. Magic beans ahoy!
Lucky pebbles are this weeks thing Wal, keep up brother!
This is why I’m oot. If I was already involved then fair enough but no way I’m getting involved now. I can see the arse falling out of all of it very soon
Old man with vested interest in the status quo says new thing that replaces status quo is stupid. News at 10!
Positive or negative make your own mind up but I’m still holding.
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Old-Dutch So if it has no real value. Why are the government taxing it?
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Not pretending to know anything about it mate. Just don’t trust it at all so won’t be investing any of my hard earned into it. Smacks of mahoosive ponzi scheme to me but that’s just my opinion.
People can do what they want with their own money.
Also when these regulated official digital currencies come online I suspect it will kill off the others.
The thought has crossed my mind but it just seems too much if a ball-ache to be honest
It’s completely anonymous no? I guess the only way they can is when the time comes to spend it or sell it and it’s got a tangible link to an individual
benson Yes basically capital gains when you sell the assets. Coinbase has been telling HMRC about customers who purchase over 5k worth of crypto.
The_Greek That is not specific to crypto though. That is any asset. Not sure why you are singling it out. Everything has a value of what people are prepared to pay. If some fool is prepared to allow you to make a 13k profit in sterling then the government will want their cut.
What the BoE are saying is that although there is apparent value, which allows you to make a profit in GBP, there is no intrinsic vale and that apparent value could crash at any point.
There’s no intrinsic value to fiat currency. It’s pieces of cotton we collectively agree mean something?
There may he no intrinsic value to the digital currencies but the underlying block chain tech some of them use is revolutionary and can’t be disconnected from them since the currencies power them.
This BOE guy is bricking it because block chain tech can make banks redundant for huge swathes of the population. Transactions are faster by magnitudes and don’t lose commissions on the blockchain.
Only a matter of time before a killer app comes out on one of the programmable chains like Etherium and mass adoption begins imo.