lozcb
Member
- Messages
- 12,586
Be nice to have the young fella backHi Wattie, long time no hear....
Be nice to have the young fella backHi Wattie, long time no hear....
I miss him on here too!Be nice to have the young fella back
I know and understand buddy...Too Controversial Stu.
Thanks for the mention.
My Mrs ain’t banned
Whoops he's gone again lol, maybe a quiet word with the powers that be , seems i missed all the shananiginsI know and understand buddy...
Im a touch it feel it kind of guy Ewan and I only advocate holding physical gold, due to age and lack of in depth knowledge all the rest such as BTC to me is all smoke and mirrors and can be taken away in a puff of smoke as in what happened to SBF.........but hey what ever floats ones boatIn 3 months, gold has gone from £1600 to £1850 (very approx), while BTC has gone from £35k to £54k (again, very approx). So if you hold either of these, you’ll be happy right now.
Let’s see what the BTC halving brings. A small peak followed by a sharper correction, possibly. In which case, that might be a good time to dive in to then old for the medium term (12-24 months).
So what are the potential risks of bitcoin? For sure, it’s been by far the best investment since launched, unless bought and sold at the wrong times of course!I can understand the security in gold. It will go up and down in value, but can’t disappear if it’s hidden under your bed (metaphorically). Always a safe long term bet, though can be a very boring low-yield investment for years at a time. Tends only to give a return in times of financial trouble (like now!).
The point of BTC is that it is not controlled by the will of a government. So unlike currencies that can be devalued in a heartbeat and lose value over time due to inflation, BTC is a global asset with a limited supply. Ultimately, therefore, it can seen as a far safer bet. (Of course, it’s value will still go up and down with demand, but no individual or government can make it disappear.) Best to view it as an asset, rather than a currency. So more like investing in a Picasso or a vintage Ferrari, etc.
Investment banks have poured billions into it over the last two months (since the ETF ruling), with lots of worthy “experts“ expecting it to be a good long term investment. For what it’s worth, I expect it to go down later this spring/summer, then pick up again by the end of the year. I’d not be surprised if it doubled in value by the end of next year. So for me, it’s a hold (and potential buy), and I’ll be happy to ride out any dips on the journey.
Oh sh1t; no one told me it was metaphorically. My poor bl00dy back.............I can understand the security in gold. It will go up and down in value, but can’t disappear if it’s hidden under your bed (metaphorically).