Bitcoin sets fresh records after Elon Musk investment
09/02/2021 | news | business | 593
Bitcoin sees further strong gains after Elon Musk's Tesla bought $1.5bn of the cryptocurrency.
1
09/02/2021 13:10:06 9 4
bbc
A fool and their money are soon parted.
7
09/02/2021 13:14:04 12 8
bbc
I've been investing in BTC since 2010 and can only say that if you hold your positions, you will make money. The money in your wallet is only worth £10 because everyone agrees it is. If 1BN people want bitcoin, the price will easily go above 100K USD - it is digital gold except there is a finite amount in this case.
12
09/02/2021 13:11:39 3 4
bbc
said the governor of the bank.
16
09/02/2021 13:17:06 3 4
bbc
A fool?

The worlds richest man, who's created an electric car company and a revolutionised travel to space?
2
09/02/2021 13:11:07 5 9
bbc
People laughed when others' said it would reach £10, then £100, then £1000, then £10,000, now £100,000 per coin..

They're not laughing now and nor will they be in the future. Crypto is here to stay and all the talk of volatility is just noise. Trading commodities like Gold , Silver, Oil is incredibly volatile... the difference, bitcoin always goes up when it comes down to reach new highs!
28
09/02/2021 13:21:36 3 3
bbc
BBC readers not understanding facts again. I don't mind, stay with your fiat currency based on nothing other than debt. In 20 years, fiat will be the same as having money under your mattress...
94
Bob
09/02/2021 13:45:09 2 0
bbc
People would have done the same for tulips, the South Sea Company, the many gold rushes and oil booms, the dot-com bubble and most recently Gamestop. 'To the moon, it'll reach $1,000' they all said and so on.
280
09/02/2021 14:45:05 1 0
bbc
Pyramid selling.
290
09/02/2021 14:49:13 0 0
bbc
The most hilarious part of this is that the people buying Bitcoin bought it with legitimate currencies and are excited that they can sell it for legitimate currencies. Will Musk sell Bitcoin for Doge coins? Perhaps he could sell 800 billion bitcoins for Doge coins? Looking forward to his twitter post on this matter.
3
09/02/2021 13:12:05 3 6
bbc
"...there was some criticism about a green car firm investing in such an energy intensive currency."

Really?!

I guess the trillions of coins and notes manufactured world-wide are made from Unicorn urine and fairy farts.
4
09/02/2021 13:12:52 19 5
bbc
Record fall soon to follow
36
09/02/2021 13:23:01 4 1
bbc
love your analysis
57
09/02/2021 13:32:41 5 4
bbc
they said the same in 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020 and they will keep saying it. You'd be one of those guys waving a red flag walking in front of a car in the 1900's when they said 'the automobile will never take off' its just too funny.
5
09/02/2021 13:13:18 25 5
bbc
Via Google: "The Tesla Model 3 is the cheapest Tesla for 2020, with a purchase price of just $37,990"

So for one Bitcoin you can buy a Tesla? And get change?

(I can't imagine they are going to accept that?)
40
09/02/2021 13:20:37 20 7
bbc
You are correct, Because SheepCoin is not real money.
504
09/02/2021 17:37:11 1 1
bbc
A Bitcoin is divisible to 100,000,000 sub units called satoshis. So there would be no need to give change. And yes they will accept 0.9 btc for their vehicle. HFSP lol
6
09/02/2021 13:13:42 84 16
bbc
We learn that Bitcoin consumes huge amounts of energy. And that our energy consumption is trashing the planet.

And we go right ahead with bitcoin without so much a s pause for thought.

As my father would have said - we must need our heads examining.
26
09/02/2021 13:21:16 44 12
bbc
When quantum computers get the required number of Qubits, it's going to render Bitcoin and all the other crypto currencies worthless.
43
09/02/2021 13:26:38 5 24
bbc
We live in an era of free energy. This argument is dead
52
09/02/2021 13:30:23 7 21
bbc
would you swap your tumble dryer for a mangle, your car for a horse, your plane for a ship - the energy usage of the above 3 things outstrips Bitcoin by a mile, and it is no where near as energy intensive as the current financial system, nor does it chop down trees for billions of pieces of paper. Next
328
09/02/2021 15:11:51 1 1
bbc
The irony here is that Tesla claims on its website that it's "accelerating the world's transition to sustainable energy". Buying bitcoin does not seem in keeping with this strategy. Before someone tells me buying it isn't the same as mining it, have a think about whether buying it is creating demand that incentivises someone else to mine it.
542
f
09/02/2021 20:33:44 0 0
bbc
The cheapest sources of energy are renewable atm. The majority of miners are in china for this very reason and they use hydro energy. Do some research before jumping blindly on a bandwagon.
1
09/02/2021 13:10:06 9 4
bbc
A fool and their money are soon parted.
7
09/02/2021 13:14:04 12 8
bbc
I've been investing in BTC since 2010 and can only say that if you hold your positions, you will make money. The money in your wallet is only worth £10 because everyone agrees it is. If 1BN people want bitcoin, the price will easily go above 100K USD - it is digital gold except there is a finite amount in this case.
125
09/02/2021 13:54:42 3 1
bbc
Like all other bitcoin speculators, it's in your interest to talk this thing up.
279
09/02/2021 14:44:34 0 1
bbc
So far the 2 advocates on here have been Patriot and British Bias Coorporation. My advice to you would be- you are enough and Musk is not your saviour. Otherwise, one would think this was verging on right wing fascism.
8
Waz
09/02/2021 13:14:08 16 8
bbc
The majority of the population have an opinion on Cryptocurrency, yet the majority haven't got the foggiest of ideas what it is. Couch experts get left behind. My recommendation, start learning or continue to have your money stolen by the government and financial institutions
27
09/02/2021 13:21:19 7 5
bbc
Crypto currency is a waste of the energy used to mine it.
513
09/02/2021 17:51:02 1 0
bbc
Few....
9
09/02/2021 13:14:47 2 2
bbc
It's confusing. Central banks hold gold, not crypto's, to prop up their currencies, implicitly. And yet, one bitcoin at $48,000 will fetch circa 26 gold coins roughly (1 troy ounce each). Is this because people are scared of the potential "wealth tax" on its way, far better to have wealth in areas not vulnerable to bank bail-ins? The EU set a dodgy precedent there, pushing people into alt assets.
23
09/02/2021 13:17:47 3 1
bbc
Because the UK is no longer part of the EU, and don't have to bail out lots of failed economies, we do not have to worry too much about high taxes.
41
09/02/2021 13:24:26 2 1
bbc
Fiat currencies are not backed by gold. They are backed by debt
10
09/02/2021 13:15:02 5 3
bbc
Just think what could happen to all those who have invested money in bitcoin, if it were subjected to a sophisticated cyber attack to break the chains.
15
09/02/2021 13:16:55 5 5
bbc
It would have to be quite sophisticated - beyond the ability of the most powerful available quantum computers
22
09/02/2021 13:16:20 2 0
bbc
You Sir, are a genius!
44
09/02/2021 13:26:38 4 3
bbc
What is Bitcoin's current hash rate? 171 million EH/s, which stands for exa hashes per second, at the time this article was published. 1 exa hash = 1 quintillion hashes. That means that miners are computing 171 quintillion hashes every second.

You would need to source an awful lot of computers, numbs my mind how dumb you guys are.
11
bbc
Removed
1
09/02/2021 13:10:06 9 4
bbc
A fool and their money are soon parted.
12
09/02/2021 13:11:39 3 4
bbc
said the governor of the bank.
13
09/02/2021 13:16:03 7 1
bbc
I’ve got 50 million somewhere, now where’s my password
74
09/02/2021 13:30:05 5 1
bbc
Sure it isn't on that hard drive that you threw in the rubbish bin a few years ago? ;-)
415
09/02/2021 16:04:13 0 0
bbc
It got hacked !
14
09/02/2021 13:16:05 21 6
bbc
It will all crash soon
18
09/02/2021 13:17:38 10 2
bbc
Bitcoin or Tesla?
35
09/02/2021 13:22:43 4 8
bbc
12 years and counting they have been saying that, meanwhile it is now the 8th biggest asset on Earth - crypto market cap has just passed £1 trillion pounds and it supports tens if not hundreds of thousands of jobs, but yeah mate its all gonna crash soon.
378
09/02/2021 15:46:10 0 0
bbc
That's what you want ! Freudian slip LOL
508
09/02/2021 17:44:08 0 0
bbc
The dollar?
10
09/02/2021 13:15:02 5 3
bbc
Just think what could happen to all those who have invested money in bitcoin, if it were subjected to a sophisticated cyber attack to break the chains.
15
09/02/2021 13:16:55 5 5
bbc
It would have to be quite sophisticated - beyond the ability of the most powerful available quantum computers
29
09/02/2021 13:21:45 2 0
bbc
Yeah, more likely to forget your password and lose it.
39
09/02/2021 13:23:37 1 0
bbc
Are you sure? If current computers can create them then future computers will be able to hack them.
281
09/02/2021 14:42:25 1 0
bbc
Forget the hackers, people will just forget thier passwords of their hard disk locked access
1
09/02/2021 13:10:06 9 4
bbc
A fool and their money are soon parted.
16
09/02/2021 13:17:06 3 4
bbc
A fool?

The worlds richest man, who's created an electric car company and a revolutionised travel to space?
17
09/02/2021 13:17:07 5 2
bbc
This just demonstrates what a massive Ponzi scheme financial markets are.

Take the risks and you might just get rich quick.

I haven't got the vitals to have a go but those brave enough deserve respect.
14
09/02/2021 13:16:05 21 6
bbc
It will all crash soon
18
09/02/2021 13:17:38 10 2
bbc
Bitcoin or Tesla?
128
09/02/2021 13:55:30 3 1
bbc
Bank of England?
206
09/02/2021 14:16:44 1 1
bbc
Possibly both...get your cash out now before Musk makes his profit and runs away
19
09/02/2021 13:17:54 2 5
bbc
Things that challenge the status quo are always met by a lot of criticism and resistance to change...
34
09/02/2021 13:22:13 4 0
bbc
Yup - I remember Copernicus, even if you don't.

But it doesn't stop some new ideas being terrible. DDT and CFCs, for example.
20
09/02/2021 13:15:06 37 10
bbc
Uni Coin

It isn't real people. ELon Musk actually has those billions to risk. The rest of you don/t. He is just playing games with people, because that is what he likes to do.
49
09/02/2021 13:29:09 24 20
bbc
Go to your bank and ask them to give you your entire savings account, now in cash. Ask everyone to do that and you will quickly realise that FIAT is not real either.
21
09/02/2021 13:19:23 42 6
bbc
Good luck to those taking a risk, but don't come crying if you lose it all - this is completely unregulated and there is no-one to go after; there will be no ambulance-chasing claims firms coming out of the woodwork this time...
126
09/02/2021 13:54:47 16 30
bbc
Anyone buying and holding Bitcoin has never lost money. You need to educate yourself to stay ahead.
198
09/02/2021 14:16:24 6 5
bbc
Only people losing out are the ones who missed the boat. Onwards to $80k and beyond...
201
MVS
09/02/2021 14:17:10 0 4
bbc
I bet there will be lawyers, aided and abetted by the BBC, looking for someone to scapegoat for people's ignorance.
332
09/02/2021 15:15:26 3 2
bbc
Probabaly you will come crying that you should have educated yourself about crypto.
548
09/02/2021 21:25:06 2 1
bbc
We are adults, we don't need our hands held, we are responsible for our wallets and like the fact that nobody can prevent us from sending value to anyone in the world at any time 24/7/365
10
09/02/2021 13:15:02 5 3
bbc
Just think what could happen to all those who have invested money in bitcoin, if it were subjected to a sophisticated cyber attack to break the chains.
22
09/02/2021 13:16:20 2 0
bbc
You Sir, are a genius!
9
09/02/2021 13:14:47 2 2
bbc
It's confusing. Central banks hold gold, not crypto's, to prop up their currencies, implicitly. And yet, one bitcoin at $48,000 will fetch circa 26 gold coins roughly (1 troy ounce each). Is this because people are scared of the potential "wealth tax" on its way, far better to have wealth in areas not vulnerable to bank bail-ins? The EU set a dodgy precedent there, pushing people into alt assets.
23
09/02/2021 13:17:47 3 1
bbc
Because the UK is no longer part of the EU, and don't have to bail out lots of failed economies, we do not have to worry too much about high taxes.
67
09/02/2021 13:38:13 0 0
bbc
Looking ratio of in work paying taxes v those not in work (in Education unemployed retired or just economically inactive) Tax rises are more likely than Tax cuts. The UK population is aging quite rapidly.
24
09/02/2021 13:20:28 38 6
bbc
Why announce a significant investment in something unless one wishes to attempt to pump the market?

.... then dump when there's profit to be had.

There are laws against that sort of behaviour.
33
09/02/2021 13:22:11 28 2
bbc
Not for Bitcon there aren’t
38
09/02/2021 13:23:23 2 2
bbc
It may well be disreputable conduct but I’m not sure it’s illegal. Perhaps you’d care to clarify?
46
09/02/2021 13:28:13 2 1
bbc
Currently, Bitcoin is not being regulated by mainstream stock exchanges so he could get away with "market manipulation"
115
09/02/2021 13:52:29 7 0
bbc
Technically he didn't announce it. Someone discovered the public SEC filing and broke the story.
121
Bob
09/02/2021 13:53:57 2 1
bbc
I think in this instance they have to report their investment to satisfy US authorities.

However, if you *know* you have to do that and you *know* that doing so will cause sheep to pile in then that just makes the game plan for a pump and dump work and all you've done is your legal obligation.

The best cons are the ones that give you impunity.
194
09/02/2021 14:15:27 1 0
bbc
Yes there are....on regulated legalmarket..Bitcoin is unregulated and questionable at te best of times
500
09/02/2021 17:31:45 1 1
bbc
lol its a public company they HAVE to announce it.
25
09/02/2021 13:20:58 20 5
bbc
An awful lot of variable value gift vouchers that can only be used in a few places and with an unknown use by date.
75
09/02/2021 13:30:15 6 15
bbc
You seem to have confused this Bitcoin thread with a conversation about £20 notes?
84
09/02/2021 13:32:09 3 4
bbc
"An awful lot of variable value gift vouchers that can only be used in a few places and with an unknown use by date."

- said the bartender, to the drunk clutching his fistful of Scottish fivers.

#Yourwelcome
127
09/02/2021 13:47:08 2 2
bbc
One day they will be about as valuable as Woolworth's vouchers!
6
09/02/2021 13:13:42 84 16
bbc
We learn that Bitcoin consumes huge amounts of energy. And that our energy consumption is trashing the planet.

And we go right ahead with bitcoin without so much a s pause for thought.

As my father would have said - we must need our heads examining.
26
09/02/2021 13:21:16 44 12
bbc
When quantum computers get the required number of Qubits, it's going to render Bitcoin and all the other crypto currencies worthless.
69
09/02/2021 13:38:29 14 3
bbc
Yeah course mate because The Bitcoin Foundation (literally some of the best coders on earth) are doing nothing to future proof the Bitcoin code against Quantum computing
https://www.forbes.com/sites/rogerhuang/2020/12/21/heres-why-quantum-computing-will-not-break-cryptocurrencies/?sh=7c337398167b
71
09/02/2021 13:28:14 12 1
bbc
Along with every other digital payment system, or web-facing bank account.

Be careful what you wish for :)
111
09/02/2021 13:51:38 4 4
bbc
Do some research...that scenario isn't remotely close to even being a possibility. Straws and clutching comes to mind.

In any case I've already withdrawn serious profit from it into my bank, so the coins I still have are all extra.

Keep on hoping it fails though, no-coiner!
168
09/02/2021 14:08:09 0 0
bbc
No, it's not.
178
09/02/2021 14:08:49 2 1
bbc
far too way ahead in the future...Its now when thieves like Musk should be tackled and stopped.
It the finacial authorties who should fines these robbers 20% of their wealth every time they take to social medi to gabble on about 'their investments'.
293
09/02/2021 14:51:12 1 1
bbc
Quantum computing is years off and will not render crypto currencies useless anyway
405
09/02/2021 16:01:23 0 0
bbc
Only for coin still held on p2pk addresses, which is largely lost coin. Newer addresses hash the public key, which is only exposed in a transaction. If addresses aren't reused Bitcoin is quantum secure. Decent bounty prize for a QC breakthrough though...
409
09/02/2021 16:02:03 1 0
bbc
I understand all those words you just said, just not in the order you arranged them.
546
09/02/2021 21:17:58 0 0
bbc
I will wager you £1000 inflationary pounds that it does not happen in your lifetime.
8
Waz
09/02/2021 13:14:08 16 8
bbc
The majority of the population have an opinion on Cryptocurrency, yet the majority haven't got the foggiest of ideas what it is. Couch experts get left behind. My recommendation, start learning or continue to have your money stolen by the government and financial institutions
27
09/02/2021 13:21:19 7 5
bbc
Crypto currency is a waste of the energy used to mine it.
207
09/02/2021 14:18:50 4 1
bbc
I do 5 days at work and earn £500. The chancellor needs more money for (insert reason) and prints more from nowhere. The value of £500 if now really £400 but no one notices cos it still says 500. One day of my effort has been stolen from me without my permission. Bitcoin prevents this. Now where is the waste of energy? The mining or my day of life gone?
288
Waz
09/02/2021 14:47:33 3 0
bbc
And printing money cuts down trees... your point?
2
09/02/2021 13:11:07 5 9
bbc
People laughed when others' said it would reach £10, then £100, then £1000, then £10,000, now £100,000 per coin..

They're not laughing now and nor will they be in the future. Crypto is here to stay and all the talk of volatility is just noise. Trading commodities like Gold , Silver, Oil is incredibly volatile... the difference, bitcoin always goes up when it comes down to reach new highs!
28
09/02/2021 13:21:36 3 3
bbc
BBC readers not understanding facts again. I don't mind, stay with your fiat currency based on nothing other than debt. In 20 years, fiat will be the same as having money under your mattress...
284
09/02/2021 14:46:01 0 0
bbc
Which currency did you buy Bitcoin with? As you wish to abolish said currency and replace it with Bitcoin?
15
09/02/2021 13:16:55 5 5
bbc
It would have to be quite sophisticated - beyond the ability of the most powerful available quantum computers
29
09/02/2021 13:21:45 2 0
bbc
Yeah, more likely to forget your password and lose it.
30
09/02/2021 13:21:48 19 11
bbc
I remember a BBC story from summer 2013 when bitcoin reached $100 for the first time (I remember it well because it was when I bought my first coins for £72 each)

In the comments, you had the same fools blabbering on about crashes, not real, scam etc as you have today, when it's $46K+.

How did that work out for you idiots?!

See you all at $100K, when you can trot out the same stuff again.
42
09/02/2021 13:24:47 10 11
bbc
So lovely to see a forward thinking person with a similar mind on the BBC! I got in at $172... haven't looked back :)
58
09/02/2021 13:32:59 2 1
bbc
You strike me as being a person (man) of dubious hygiene.
164
09/02/2021 14:07:36 2 0
bbc
Good luck to you. I think if a single US billionaire can send them soaring on a whim (when he's probably just bored or after some PR), then he or another can tank them on a whim too. And I'd guess when the tide turns it's going to be a washout. So why not get out now with the tidy sum you've already made?
261
09/02/2021 14:36:38 0 2
bbc
I wouldn't be too confident now if I were you. Now the big scam merchants are in a playing the crash will happen when they want it to and when they have made their bucks. While its unregualted or central bank backed there will be people who will lose a lot of dosh when it collapses because Musk and Co. pull their profits
277
09/02/2021 14:41:25 0 0
bbc
Can you answer me one question.....
So your bought Bitcoin, just exactly who did youhand over your hard earned cash to to get your Bitcoins?
In this unregualted game that guy is the winner as he/she is the real winner by selling something totally fictional with no worldly value in exchange for usable £,$,rubel etc
31
09/02/2021 13:21:49 6 14
bbc
This is the BBC saying it was wrong about bitcoin in 2017 whilst still being wrong about it's future. Buy bitcoin! Let's pull this corrupt old system down
81
09/02/2021 13:40:47 1 0
bbc
Exactly
112
09/02/2021 13:51:50 2 0
bbc
This comment will go down like a pint of puke with these luddites on here. This comment will age well though. Bitcoin is the best solution to money and storing your effort (wealth) that mankind has ever created. It's digital gold and when it reaches gold's market cap will be worth $500k per coin.
32
09/02/2021 13:21:51 98 10
bbc
Lets see: Mischievous billionaire buys lots of bitcoin then talks it up to his millions of blinkered followers who then drive the price up giving Mr Musk's company and friends who may have been tipped the wink a greatly increased valuation and profit if sold slowly.
What a guy!
107
09/02/2021 13:50:56 52 10
bbc
Musk will drive it up slightly. His fans will buy BC at the artificially inflated price and that will drive the price up slightly more.. Then he will sell and the price will come crashing down. He wins because he made a profit. They lose because they bought after he manipulated the price. He's trolling.
379
09/02/2021 15:46:37 1 2
bbc
You took the words right out of my mouth, virtually word for word - and Im sure many others. Its not as if Musk hasnt done something similar before or something so many others have done, continue to do. But then again you dont get rich by being honest, not that rich. And yet there are those out there who still believe Musk is some sort of great visionary just because he shoots a few rockets!
426
09/02/2021 16:09:19 2 0
bbc
Great. A crash would be excellent to buy in at a lower price.
446
pd
09/02/2021 16:20:44 1 2
bbc
So he's just as guilty as those market manipulators that trashed the market last week, let's hope he never plans to go for president.
501
09/02/2021 17:32:07 2 1
bbc
Got that wrong; he's supported Bitcoin quite a while now, he missed the boat slightly a bit- like you.
24
09/02/2021 13:20:28 38 6
bbc
Why announce a significant investment in something unless one wishes to attempt to pump the market?

.... then dump when there's profit to be had.

There are laws against that sort of behaviour.
33
09/02/2021 13:22:11 28 2
bbc
Not for Bitcon there aren’t
170
09/02/2021 14:08:35 2 1
bbc
Indeed - not yet.

... and was the dropped second "i" in "Bitcoin" accidental, if not then well played indeed. It does indeed seem to be a "bit" con.
19
09/02/2021 13:17:54 2 5
bbc
Things that challenge the status quo are always met by a lot of criticism and resistance to change...
34
09/02/2021 13:22:13 4 0
bbc
Yup - I remember Copernicus, even if you don't.

But it doesn't stop some new ideas being terrible. DDT and CFCs, for example.
14
09/02/2021 13:16:05 21 6
bbc
It will all crash soon
35
09/02/2021 13:22:43 4 8
bbc
12 years and counting they have been saying that, meanwhile it is now the 8th biggest asset on Earth - crypto market cap has just passed £1 trillion pounds and it supports tens if not hundreds of thousands of jobs, but yeah mate its all gonna crash soon.
4
09/02/2021 13:12:52 19 5
bbc
Record fall soon to follow
36
09/02/2021 13:23:01 4 1
bbc
love your analysis
37
09/02/2021 13:23:19 18 5
bbc
My concern about Bitcoin (and I say that as a relatively small owner who bought when it was at approx £5000) is what's the point of it. Ultimately, can I see Bitcoin being used as daily currency? Probably not. So do I just want the price of Bitcoin to rise so that I can sell up and thus turn it back into 'real money'? Probably. If so, does their become a point when it all falls apart? Possibly.
48
09/02/2021 13:28:34 18 6
bbc
Why did you spend 5K on something you didn't understand the point of? Sounds fishy to me.
56
Ian
09/02/2021 13:32:10 2 0
bbc
Probably like all Ponzi schemes.
65
09/02/2021 13:36:05 7 2
bbc
In a world economy drowning in debt, the only way out is by debasing (printing more to reduce the value of) our pounds / dollars.

That means provably scarce assets will rise in value.

Bitcoin is a neutral asset – no one nation can control it because of its decentralised nature. And because the blockchain is fully public, it is perfectly auditable.

This makes it "pristine collateral"
78
09/02/2021 13:40:08 4 1
bbc
What's the point of you ??
119
09/02/2021 13:45:07 0 0
bbc
Please can I hire you as my financial advisor?
221
09/02/2021 14:22:18 6 1
bbc
Gold is not used as daily currency either. But it is a rare resource and the market as a consequence agrees a price. No different to Bitcoin.
229
09/02/2021 14:23:19 2 2
bbc
It is effectively an unregulated dodgy share ponsy scheme. Only the big investors will ae anything out of it as they will control when it crashes or when it goes sky rocket. Sorry mate get you profits out now while you can
362
09/02/2021 15:37:09 0 0
bbc
It's the 21st century version of tulip bulbs. Plenty of money to be made, unless you turn out to be the greatest fool.
24
09/02/2021 13:20:28 38 6
bbc
Why announce a significant investment in something unless one wishes to attempt to pump the market?

.... then dump when there's profit to be had.

There are laws against that sort of behaviour.
38
09/02/2021 13:23:23 2 2
bbc
It may well be disreputable conduct but I’m not sure it’s illegal. Perhaps you’d care to clarify?
15
09/02/2021 13:16:55 5 5
bbc
It would have to be quite sophisticated - beyond the ability of the most powerful available quantum computers
39
09/02/2021 13:23:37 1 0
bbc
Are you sure? If current computers can create them then future computers will be able to hack them.
5
09/02/2021 13:13:18 25 5
bbc
Via Google: "The Tesla Model 3 is the cheapest Tesla for 2020, with a purchase price of just $37,990"

So for one Bitcoin you can buy a Tesla? And get change?

(I can't imagine they are going to accept that?)
40
09/02/2021 13:20:37 20 7
bbc
You are correct, Because SheepCoin is not real money.
Haha Musk told everyone otherwise yesterday, no-coiner!

In any case, you idiots don't seem to get how trivial it is to exchange to fiat at an exchange.

Enjoy being poor, no-coiner.
Removed
135
09/02/2021 13:57:09 4 3
bbc
Please describe real money.
9
09/02/2021 13:14:47 2 2
bbc
It's confusing. Central banks hold gold, not crypto's, to prop up their currencies, implicitly. And yet, one bitcoin at $48,000 will fetch circa 26 gold coins roughly (1 troy ounce each). Is this because people are scared of the potential "wealth tax" on its way, far better to have wealth in areas not vulnerable to bank bail-ins? The EU set a dodgy precedent there, pushing people into alt assets.
41
09/02/2021 13:24:26 2 1
bbc
Fiat currencies are not backed by gold. They are backed by debt
80
09/02/2021 13:31:38 0 0
bbc
BitCoin is backed by fairies apparently. But most people know that fairies don;t exist.
30
09/02/2021 13:21:48 19 11
bbc
I remember a BBC story from summer 2013 when bitcoin reached $100 for the first time (I remember it well because it was when I bought my first coins for £72 each)

In the comments, you had the same fools blabbering on about crashes, not real, scam etc as you have today, when it's $46K+.

How did that work out for you idiots?!

See you all at $100K, when you can trot out the same stuff again.
42
09/02/2021 13:24:47 10 11
bbc
So lovely to see a forward thinking person with a similar mind on the BBC! I got in at $172... haven't looked back :)
53
09/02/2021 13:31:30 4 0
bbc
How many have successfully converted Bitcoin into cash or some sort of tangible asset? NB This is a serious not a rhetorical question and I hope someone can offer clarification.
155
09/02/2021 14:04:33 0 0
bbc
Time to give up on here though methinks - full of closed mind no-coiners who want it to fail out of jealousy or lack of understanding (or probably both).

They'll be very disappointed when it goes even higher over the next couple of years, and will still be calling it a scam ??

Have a nice life with you gains, I sure am.

[out of here]
264
09/02/2021 14:37:33 1 0
bbc
A good wise buy then, but noe=w the scam merchant are playin the game, hold on to your pamts....or better, exit now and take your profit
6
09/02/2021 13:13:42 84 16
bbc
We learn that Bitcoin consumes huge amounts of energy. And that our energy consumption is trashing the planet.

And we go right ahead with bitcoin without so much a s pause for thought.

As my father would have said - we must need our heads examining.
43
09/02/2021 13:26:38 5 24
bbc
We live in an era of free energy. This argument is dead
55
09/02/2021 13:32:03 18 0
bbc
Is that what you say to your electricity supplier when they send you a bill?
85
09/02/2021 13:32:53 8 0
bbc
Tell my gas and electricity supplier that.

You do here a lot of fantasy rubbish on any threads about Uni Coin (for the sunlit uplands)
100
09/02/2021 13:46:29 7 2
bbc
Just set out for us this compelling economic model of yours, Dylan.

The one in which you cut down US hardwood forests to ship over to UK to burn in Drax power stations for your free energy..and none of this costs anything? You mean there are no consequences?

Your education seems to have been deficient. And your children will pay for this deficiency. Smarten up boy! as my Dad also used to say.
10
09/02/2021 13:15:02 5 3
bbc
Just think what could happen to all those who have invested money in bitcoin, if it were subjected to a sophisticated cyber attack to break the chains.
44
09/02/2021 13:26:38 4 3
bbc
What is Bitcoin's current hash rate? 171 million EH/s, which stands for exa hashes per second, at the time this article was published. 1 exa hash = 1 quintillion hashes. That means that miners are computing 171 quintillion hashes every second.

You would need to source an awful lot of computers, numbs my mind how dumb you guys are.
Removed
192
09/02/2021 14:15:32 2 1
bbc
Well said
45
09/02/2021 13:27:02 97 30
bbc
Elon Musk is just a market manipulator & the worse of capitalism, it remains a complete mystery to me how anything he has done or manufactured has value to the extent that it makes him the richest person in the world.
54
09/02/2021 13:32:01 19 36
bbc
There are people like musk everywhere: greedy people I would call them. Even when the are from China or sell dreams to economic migrants that will never come true! They are all the same: and luckily we will be all equal in front of our own Gods one day.
104
09/02/2021 13:48:48 14 11
bbc
well, he wants to colonise Mars because you know 6 times in the past a meteor hit us ending all life on this Earth.He has built a reusable rocket (they said it couldn't be done) massively reducing the cost of space travel, he is without doubt largely resp for EV's, getting filthy fossil fuel vehicles off the road. You reminded me of the classic Monty Python 'what did the Romans ever do for us'?
143
Bob
09/02/2021 14:00:07 9 1
bbc
Because people without moral compasses can exploit the weaknesses of those with them.
205
09/02/2021 14:18:26 3 2
bbc
Whilst he has undoubtedly brought the idea of the electric car to the mass market in a slightly more affordable way, I understand that the bulk of the turnover generated by Tesla is in fact through the sale of carbon offsetting credits to regular carmakers.
218
09/02/2021 14:21:43 6 4
bbc
You may question the market valuations, but surely his contributions to electric vehicles, space technology, and payments have to earn him some respect? They are brilliant and inspiring to a generation of future engineers
275
09/02/2021 14:41:10 2 1
bbc
I trust you'd say the same of anyone who was a genuine entrepreneur who's built his wealth from a wide variety of businesses he's made himself which end up successful because people want his products. Same with Apple, Microsoft etc.
Regards Bitcoin, he's clearly taking a short term view to profit on the rise. Can't blame him, that's what every single Bitcoin investor is doing, large or small.
435
VoR
09/02/2021 16:13:21 0 0
bbc
It's the variety, I would say. Revolutionised/revolutionising access to space. Advancing energy storage, which itself advances renewables challenging fossil fuel use. Essentially taking the lead in many of the techs we'd expect to require in the near to medium future.

Amazon is also well placed for providing what is likely to be demanded in the near to medium future.
503
09/02/2021 17:36:29 0 1
bbc
Oh, because you can't understand something it can't exist?
24
09/02/2021 13:20:28 38 6
bbc
Why announce a significant investment in something unless one wishes to attempt to pump the market?

.... then dump when there's profit to be had.

There are laws against that sort of behaviour.
46
09/02/2021 13:28:13 2 1
bbc
Currently, Bitcoin is not being regulated by mainstream stock exchanges so he could get away with "market manipulation"
47
09/02/2021 13:22:11 19 8
bbc
This is absolutely ludicrous, beeb.

I have lots of Tesla shares wrapped up in funds - now I am nervously awaiting the potential demise of my nest egg.
37
09/02/2021 13:23:19 18 5
bbc
My concern about Bitcoin (and I say that as a relatively small owner who bought when it was at approx £5000) is what's the point of it. Ultimately, can I see Bitcoin being used as daily currency? Probably not. So do I just want the price of Bitcoin to rise so that I can sell up and thus turn it back into 'real money'? Probably. If so, does their become a point when it all falls apart? Possibly.
48
09/02/2021 13:28:34 18 6
bbc
Why did you spend 5K on something you didn't understand the point of? Sounds fishy to me.
73
09/02/2021 13:39:21 4 4
bbc
More money than sense most probably! I did some research first though.The limited supply of Bitcoin attracted/attracts me compared to the conjured-up-out-of-thin-air fiat currencies. MMT sounds like a disaster waiting to happen so I took a punt on Bitcoin. Ultimately though, I want to turn my Bitcoin back into fiat at some point to pay of my mortgage - that's my conundrum.
20
09/02/2021 13:15:06 37 10
bbc
Uni Coin

It isn't real people. ELon Musk actually has those billions to risk. The rest of you don/t. He is just playing games with people, because that is what he likes to do.
49
09/02/2021 13:29:09 24 20
bbc
Go to your bank and ask them to give you your entire savings account, now in cash. Ask everyone to do that and you will quickly realise that FIAT is not real either.
108
09/02/2021 13:50:59 5 5
bbc
What a tedious comment. Posing a scenario that will never happen, and pretending you are a currency expert by using the term FIAT. I was going to write more, but am bored already....
454
VoR
09/02/2021 16:23:27 3 1
bbc
Only if everyone decides to do what you ask. Which they won't.
479
09/02/2021 16:48:09 2 1
bbc
EXACTLY the Bank Run would Crash the Whole System which as we all know is built on DEBT & LIES !
50
09/02/2021 13:29:28 3 8
bbc
What a great man!! These are the type of modern heroes that we adulate!
Thanks God we all die at the end! bad and good ones. What a great thing that God has done.
Can u imagine if billionaires could just be eternal! The world might be exterminated in a couple of years! Musk might even buy his own moon!
72
09/02/2021 13:39:11 0 1
bbc
Thank God a positive comment ??
51
09/02/2021 13:30:03 60 11
bbc
Emperor's new clothes syndrome... just wait for the crash
62
09/02/2021 13:34:22 21 3
bbc
He will be fine. Let's hope that the poorer will not get to damaged in the process! Some body has to lose! If he sells he crashes the market! What game is he playing?
166
09/02/2021 14:07:41 4 3
bbc
People said that in 2017, look where we are now. Next.
6
09/02/2021 13:13:42 84 16
bbc
We learn that Bitcoin consumes huge amounts of energy. And that our energy consumption is trashing the planet.

And we go right ahead with bitcoin without so much a s pause for thought.

As my father would have said - we must need our heads examining.
52
09/02/2021 13:30:23 7 21
bbc
would you swap your tumble dryer for a mangle, your car for a horse, your plane for a ship - the energy usage of the above 3 things outstrips Bitcoin by a mile, and it is no where near as energy intensive as the current financial system, nor does it chop down trees for billions of pieces of paper. Next
42
09/02/2021 13:24:47 10 11
bbc
So lovely to see a forward thinking person with a similar mind on the BBC! I got in at $172... haven't looked back :)
53
09/02/2021 13:31:30 4 0
bbc
How many have successfully converted Bitcoin into cash or some sort of tangible asset? NB This is a serious not a rhetorical question and I hope someone can offer clarification.
82
09/02/2021 13:40:47 2 2
bbc
I withdraw bitcoin every few months via a Luxembourg subsidiary , pay tax there and voila, done.
140
Bob
09/02/2021 13:58:06 2 0
bbc
You'd think no one because $ and £ and € are all junk worthless currencies controlled by governments who are trying to keep you poor and blah blah blah.

Except the reality is many people, and the nonsense they spout about government control and so on is just the lie they sell to hep make them the gains.
240
09/02/2021 14:28:43 1 0
bbc
Many times. In 2017 after buying in 2014, and this year after buying back in early last year. I withdraw my initial stake once it has trebled in value and leave the rest in - I’ve long lost trust in the current banking system which steals through printing & inflation.
45
09/02/2021 13:27:02 97 30
bbc
Elon Musk is just a market manipulator & the worse of capitalism, it remains a complete mystery to me how anything he has done or manufactured has value to the extent that it makes him the richest person in the world.
54
09/02/2021 13:32:01 19 36
bbc
There are people like musk everywhere: greedy people I would call them. Even when the are from China or sell dreams to economic migrants that will never come true! They are all the same: and luckily we will be all equal in front of our own Gods one day.
346
09/02/2021 15:25:02 2 0
bbc
Don't let a bit of envy get in the way of some facts, he co founded paypal one of the most popular payment platforms, SpaceX the thing that gets most of the communications satellites into the space, and owns a few green companies like Telsa and SolarCity........ I'm at a loss as to why he's so wealthy?
43
09/02/2021 13:26:38 5 24
bbc
We live in an era of free energy. This argument is dead
55
09/02/2021 13:32:03 18 0
bbc
Is that what you say to your electricity supplier when they send you a bill?
61
09/02/2021 13:33:46 5 16
bbc
No I don't have one. I'm off grid but you can keep paying them if you want.
37
09/02/2021 13:23:19 18 5
bbc
My concern about Bitcoin (and I say that as a relatively small owner who bought when it was at approx £5000) is what's the point of it. Ultimately, can I see Bitcoin being used as daily currency? Probably not. So do I just want the price of Bitcoin to rise so that I can sell up and thus turn it back into 'real money'? Probably. If so, does their become a point when it all falls apart? Possibly.
56
Ian
09/02/2021 13:32:10 2 0
bbc
Probably like all Ponzi schemes.
4
09/02/2021 13:12:52 19 5
bbc
Record fall soon to follow
57
09/02/2021 13:32:41 5 4
bbc
they said the same in 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020 and they will keep saying it. You'd be one of those guys waving a red flag walking in front of a car in the 1900's when they said 'the automobile will never take off' its just too funny.
105
Bob
09/02/2021 13:49:54 4 2
bbc
On 1st December 2017 a Bitcoin was worth ~$14k. On 1st December 2018 it was worth just ~$3.7k and was continuing to fall.

Just one of it's many crashes.
138
09/02/2021 13:57:55 4 2
bbc
Exactly. Listen to all the no-coiners desperate for it to fail because they don't own any.

Pathetic. In any case, most of us have already secured fiat profit anyway so they're pissing in the wind.

Sad.
30
09/02/2021 13:21:48 19 11
bbc
I remember a BBC story from summer 2013 when bitcoin reached $100 for the first time (I remember it well because it was when I bought my first coins for £72 each)

In the comments, you had the same fools blabbering on about crashes, not real, scam etc as you have today, when it's $46K+.

How did that work out for you idiots?!

See you all at $100K, when you can trot out the same stuff again.
58
09/02/2021 13:32:59 2 1
bbc
You strike me as being a person (man) of dubious hygiene.
146
09/02/2021 14:01:38 1 1
bbc
Nice insult, no-coiner. Is that the best you can come up with to compensate for being poor?

And to the other comment, yes I've part sold enough into fiat to be very comfortable regardless of what happens.
59
09/02/2021 13:33:07 13 7
bbc
bitcoin = Ponzi scheme.
Idiot = Idiot Removed
283
09/02/2021 14:43:46 1 1
bbc
Exactly. I have thought that for ages but kept thinking I must have missed something.
383
09/02/2021 15:48:38 2 0
bbc
No central pool of money being paid out and no guaranteed return on investment. Not a Ponzi scheme.
60
09/02/2021 13:33:26 22 6
bbc
I will get the popcorn out, as now Musk has touched it the drop will be staggering, all these people diving on the back of it with their life savings are going to be very disappointed when it comes crashing down,
68
09/02/2021 13:38:14 13 18
bbc
Unfortunately you'll be waiting a long time. Only an idiot invests their life savings and it's never going below 20K again. Hope you're happy with your money depreciating in an outdated banking system lol ??
55
09/02/2021 13:32:03 18 0
bbc
Is that what you say to your electricity supplier when they send you a bill?
61
09/02/2021 13:33:46 5 16
bbc
No I don't have one. I'm off grid but you can keep paying them if you want.
203
09/02/2021 14:17:36 7 0
bbc
So off grid that you engage with HYS ;)
269
09/02/2021 14:40:12 2 0
bbc
Can I have a go on your clockwork computer?
51
09/02/2021 13:30:03 60 11
bbc
Emperor's new clothes syndrome... just wait for the crash
62
09/02/2021 13:34:22 21 3
bbc
He will be fine. Let's hope that the poorer will not get to damaged in the process! Some body has to lose! If he sells he crashes the market! What game is he playing?
103
09/02/2021 13:48:23 4 0
bbc
He'll sell just before the drop. He'll probably even help cause the drop. The plebs who bought after him when the price was unnaturally inflated will be the ones who lose out. Same thing happened on the stock market with GME. If you buy late into a bandwagon you don't get rich quick.
181
09/02/2021 14:09:56 2 1
bbc
Of course he'll be fine, he would have pulled his cash from crypto well in advance of just breaking even
63
09/02/2021 13:35:28 42 6
bbc
So you or I buy an electric car to go green and the company will invest the profits in a polluting currency to ensure the world doesn't benefit!

That's without examining the morality of massive market manipulation by Elon Musk to net Tesla about $375M.
97
09/02/2021 13:45:33 13 33
bbc
Bitcoin is about conserving energy, YOUR energy. Government money printing is stealing days of your effort and energy everytime they debase the currency. How much CO2 is created each time they steal a day of your life?
187
09/02/2021 14:14:16 0 3
bbc
It also smack of massive tax evasion as Bitcoin is totay un regulated and non taxable anywhere in on planet earth.]It may be on some far away dream planet Musk is dreaming up so his Space X craft can fly to....and rip us off along the way
64
09/02/2021 13:36:00 1 5
bbc
Finally the BBC wake up to the Great Reset by being forced to cover Bitcoin
86
09/02/2021 13:42:15 3 0
bbc
That's conspiracy loon stuff for narcissists and the gullible. One would hope that the BBC can be a bit more credible than spreading wing nut conspiracy theories.
37
09/02/2021 13:23:19 18 5
bbc
My concern about Bitcoin (and I say that as a relatively small owner who bought when it was at approx £5000) is what's the point of it. Ultimately, can I see Bitcoin being used as daily currency? Probably not. So do I just want the price of Bitcoin to rise so that I can sell up and thus turn it back into 'real money'? Probably. If so, does their become a point when it all falls apart? Possibly.
65
09/02/2021 13:36:05 7 2
bbc
In a world economy drowning in debt, the only way out is by debasing (printing more to reduce the value of) our pounds / dollars.

That means provably scarce assets will rise in value.

Bitcoin is a neutral asset – no one nation can control it because of its decentralised nature. And because the blockchain is fully public, it is perfectly auditable.

This makes it "pristine collateral"
66
09/02/2021 13:37:25 21 7
bbc
Market manipulation. I hope the authorities investigate his shenanigans.
87
09/02/2021 13:42:26 10 4
bbc
It's not regulated.
106
09/02/2021 13:39:46 1 0
bbc
They already have, the TxID is legit.
23
09/02/2021 13:17:47 3 1
bbc
Because the UK is no longer part of the EU, and don't have to bail out lots of failed economies, we do not have to worry too much about high taxes.
67
09/02/2021 13:38:13 0 0
bbc
Looking ratio of in work paying taxes v those not in work (in Education unemployed retired or just economically inactive) Tax rises are more likely than Tax cuts. The UK population is aging quite rapidly.
60
09/02/2021 13:33:26 22 6
bbc
I will get the popcorn out, as now Musk has touched it the drop will be staggering, all these people diving on the back of it with their life savings are going to be very disappointed when it comes crashing down,
68
09/02/2021 13:38:14 13 18
bbc
Unfortunately you'll be waiting a long time. Only an idiot invests their life savings and it's never going below 20K again. Hope you're happy with your money depreciating in an outdated banking system lol ??
98
09/02/2021 13:45:45 4 4
bbc
The prices will normalise again next week. Anyone who bought BC in the period right after Musk did this will lose out when it goes back down to what it should be. People tend to sell when the speed of the rise slows down, and that will create a drop. You'd have to be pretty silly to buy right now.
215
09/02/2021 14:21:05 1 0
bbc
OK. Buy me a sandwich. Mine manages that.
230
Bob
09/02/2021 14:26:10 4 1
bbc
If you think only an idiot would invest their life savings then you clearly don't believe in it, do you. Either it is the currency of the future, and it *is* worth what the asking price is today, or it isn't and it is a pumped up ponzi scheme.

Make up your mind.
365
09/02/2021 15:38:43 3 1
bbc
The Stock Market is a massive Debt Bubble, there is No Debt in Bitcoin that's why it was created in the first place. We are trying to educate people now about the new Internet of Value. It will take a while but unfortunately many will miss the greatest opportunity of their lifetimes thru fear alone :-/ The great wealth transfer is happening now folks ! Enjoy Bitcoin growing and growing $$$
26
09/02/2021 13:21:16 44 12
bbc
When quantum computers get the required number of Qubits, it's going to render Bitcoin and all the other crypto currencies worthless.
69
09/02/2021 13:38:29 14 3
bbc
Yeah course mate because The Bitcoin Foundation (literally some of the best coders on earth) are doing nothing to future proof the Bitcoin code against Quantum computing
https://www.forbes.com/sites/rogerhuang/2020/12/21/heres-why-quantum-computing-will-not-break-cryptocurrencies/?sh=7c337398167b
91
09/02/2021 13:43:59 2 3
bbc
Intel probably thought the same about multithreading too.
59
09/02/2021 13:33:07 13 7
bbc
bitcoin = Ponzi scheme.
70
bbc
Idiot = Idiot Removed
101
09/02/2021 13:46:38 1 2
bbc
It is totally a ponzi sheme. £20 says it drops down again before the middle of next week.
26
09/02/2021 13:21:16 44 12
bbc
When quantum computers get the required number of Qubits, it's going to render Bitcoin and all the other crypto currencies worthless.
71
09/02/2021 13:28:14 12 1
bbc
Along with every other digital payment system, or web-facing bank account.

Be careful what you wish for :)
110
09/02/2021 13:51:06 3 3
bbc
Indeed, stick to cash, precious stones or metals, future thieves will won't be moving out of their chairs to rob you and will either have forgotten how to walk or are incapable due to an enormous BMI.
50
09/02/2021 13:29:28 3 8
bbc
What a great man!! These are the type of modern heroes that we adulate!
Thanks God we all die at the end! bad and good ones. What a great thing that God has done.
Can u imagine if billionaires could just be eternal! The world might be exterminated in a couple of years! Musk might even buy his own moon!
72
09/02/2021 13:39:11 0 1
bbc
Thank God a positive comment ??
48
09/02/2021 13:28:34 18 6
bbc
Why did you spend 5K on something you didn't understand the point of? Sounds fishy to me.
73
09/02/2021 13:39:21 4 4
bbc
More money than sense most probably! I did some research first though.The limited supply of Bitcoin attracted/attracts me compared to the conjured-up-out-of-thin-air fiat currencies. MMT sounds like a disaster waiting to happen so I took a punt on Bitcoin. Ultimately though, I want to turn my Bitcoin back into fiat at some point to pay of my mortgage - that's my conundrum.
395
09/02/2021 15:55:46 0 0
bbc
Just hold. You won't have to ever cash out.
13
09/02/2021 13:16:03 7 1
bbc
I’ve got 50 million somewhere, now where’s my password
74
09/02/2021 13:30:05 5 1
bbc
Sure it isn't on that hard drive that you threw in the rubbish bin a few years ago? ;-)
25
09/02/2021 13:20:58 20 5
bbc
An awful lot of variable value gift vouchers that can only be used in a few places and with an unknown use by date.
75
09/02/2021 13:30:15 6 15
bbc
You seem to have confused this Bitcoin thread with a conversation about £20 notes?
76
P2
09/02/2021 13:39:38 30 3
bbc
He’s definitely the best Bond villain there never was!
528
09/02/2021 18:39:08 1 0
bbc
Hardly. He's not even a contender compared with Klaus Schwab.
77
09/02/2021 13:39:47 33 8
bbc
How can you use it as a currency when it fluctuates by 1000s in just a few hours?
And to what asset or predictable forecast is the money tied to?
This is just a modern pyramid scheme and Musk knows it and he is playing the game... waiting for you all to jump on it, watch it appreciate it, and then pull out his profits. All the best!
109
09/02/2021 13:42:31 18 22
bbc
Bitcoins intrinsic value never changes, 1 BTC is worth 1 BTC.

It's the inflationary FIAT currencies that keep fluctuating, they're almost entirely random it seems, from where I'm sitting.
397
09/02/2021 15:56:39 3 0
bbc
There are stable coins, dozens of them too !
429
09/02/2021 16:11:00 2 3
bbc
I agree. Why would anyone (who isn't a drug dealer) accept bit coins in exchange for a car given the volatility in value. I can't see how it can currently work as a currency whilst coexisting alongside traditional monies.
502
09/02/2021 17:34:12 3 0
bbc
They (TESLA) are using it as a long term store of value. Look at the price of btc every year and compare it to storing cash, which is better? HFSP lol
37
09/02/2021 13:23:19 18 5
bbc
My concern about Bitcoin (and I say that as a relatively small owner who bought when it was at approx £5000) is what's the point of it. Ultimately, can I see Bitcoin being used as daily currency? Probably not. So do I just want the price of Bitcoin to rise so that I can sell up and thus turn it back into 'real money'? Probably. If so, does their become a point when it all falls apart? Possibly.
78
09/02/2021 13:40:08 4 1
bbc
What's the point of you ??
79
M-M
09/02/2021 13:31:27 65 9
bbc
Can invest 1.5 billion but can't pay his staff their pension. Great guy.
561
09/02/2021 22:56:28 1 1
bbc
What are you talking about? What is he accused of regarding staff pensions?
41
09/02/2021 13:24:26 2 1
bbc
Fiat currencies are not backed by gold. They are backed by debt
80
09/02/2021 13:31:38 0 0
bbc
BitCoin is backed by fairies apparently. But most people know that fairies don;t exist.
161
09/02/2021 14:05:45 0 0
bbc
nope read my answer above and for goodness sake open your mind just a little bit. Its backed by 171 quintillion hashes per second. The power of millions of computers spread all around the world impervious to attack.
31
09/02/2021 13:21:49 6 14
bbc
This is the BBC saying it was wrong about bitcoin in 2017 whilst still being wrong about it's future. Buy bitcoin! Let's pull this corrupt old system down
81
09/02/2021 13:40:47 1 0
bbc
Exactly
53
09/02/2021 13:31:30 4 0
bbc
How many have successfully converted Bitcoin into cash or some sort of tangible asset? NB This is a serious not a rhetorical question and I hope someone can offer clarification.
82
09/02/2021 13:40:47 2 2
bbc
I withdraw bitcoin every few months via a Luxembourg subsidiary , pay tax there and voila, done.
83
09/02/2021 13:41:10 4 2
bbc
This is Gamestop 2.0. People will buy bitcoin this week thinking they can get rick quick, only to find that the prices normalise next week and they lose money. Jumping on to bandwagon late nearly always causes you to lose out.
25
09/02/2021 13:20:58 20 5
bbc
An awful lot of variable value gift vouchers that can only be used in a few places and with an unknown use by date.
84
09/02/2021 13:32:09 3 4
bbc
"An awful lot of variable value gift vouchers that can only be used in a few places and with an unknown use by date."

- said the bartender, to the drunk clutching his fistful of Scottish fivers.

#Yourwelcome
43
09/02/2021 13:26:38 5 24
bbc
We live in an era of free energy. This argument is dead
85
09/02/2021 13:32:53 8 0
bbc
Tell my gas and electricity supplier that.

You do here a lot of fantasy rubbish on any threads about Uni Coin (for the sunlit uplands)
64
09/02/2021 13:36:00 1 5
bbc
Finally the BBC wake up to the Great Reset by being forced to cover Bitcoin
86
09/02/2021 13:42:15 3 0
bbc
That's conspiracy loon stuff for narcissists and the gullible. One would hope that the BBC can be a bit more credible than spreading wing nut conspiracy theories.
133
09/02/2021 13:56:37 0 1
bbc
LoL the term Conspiracy Theory was invented by the CIA to fool the people into believing what governments want them to believe. Government translation = Mind Control. Don't suppose you studied Latin ??
66
09/02/2021 13:37:25 21 7
bbc
Market manipulation. I hope the authorities investigate his shenanigans.
87
09/02/2021 13:42:26 10 4
bbc
It's not regulated.
123
09/02/2021 13:54:08 2 3
bbc
It is regulated
88
09/02/2021 13:43:07 2 1
bbc
Gambling. Only bet the amount you can afford to lose.
89
Ian
09/02/2021 13:43:27 4 2
bbc
South Sea bubble and Dutch bulbs "investments" come to mind.

Where can anyone actually spend a bitcoin?
116
AC
09/02/2021 13:52:32 3 0
bbc
At Tesla, as the article outlines
185
09/02/2021 14:14:31 0 0
bbc
Paypal have 26 million merchants all who accept Bitcoin. Will that do for starters? Oh and looks like Tesla. Do you think everyone else will allow them this competitive advantage and get left behind or jump on? me thinks you know the answer. Gradually then suddenly.
https://www.ledgerinsights.com/paypal-merchants-to-accept-cryptocurrency/
424
09/02/2021 16:09:10 0 0
bbc
Everywhere, I can literally spend Bitcoin everywhere I can use a debit card. Just the same as when I'm abroad.
90
09/02/2021 13:43:35 6 1
bbc
I honestly cannot see why people think that this guy is worth following.He is like PT Barnham;a showman.People will throw money into buying these cryptocurrencies and then lose the lot,because they are not backed up by Central banks.Its like a Ponzi scheme.
69
09/02/2021 13:38:29 14 3
bbc
Yeah course mate because The Bitcoin Foundation (literally some of the best coders on earth) are doing nothing to future proof the Bitcoin code against Quantum computing
https://www.forbes.com/sites/rogerhuang/2020/12/21/heres-why-quantum-computing-will-not-break-cryptocurrencies/?sh=7c337398167b
91
09/02/2021 13:43:59 2 3
bbc
Intel probably thought the same about multithreading too.
92
Jim
09/02/2021 13:44:15 0 3
bbc
Most people will still stay clear, but I can understand how there is pressure to try and make cash reserves do something even with the dubious morality of these products.
120
09/02/2021 13:53:44 0 1
bbc
That's the saddest part, people don't know about the great wealth transfer
93
Jam
09/02/2021 13:45:02 1 1
bbc
It is not a finite currency, anyone can create a crypto currency. Once an official regulated crypto currency is released, Bitcoin will suddenly be worthless except to criminals.
156
09/02/2021 14:04:40 1 0
bbc
Research "network effect" to understand Bitcoin's advantage.
248
09/02/2021 14:32:23 0 0
bbc
Does the existence of the Dollar, the Euro or any other currency make the Pound worthless? Next.
309
09/02/2021 15:00:23 0 0
bbc
Except that one of the main attractions of Bitcoin is that it’s not ‘official’ and can’t be controlled by governments. Any official digital currency wouldn’t have a finite supply either so they could continue to print and devalue it
2
09/02/2021 13:11:07 5 9
bbc
People laughed when others' said it would reach £10, then £100, then £1000, then £10,000, now £100,000 per coin..

They're not laughing now and nor will they be in the future. Crypto is here to stay and all the talk of volatility is just noise. Trading commodities like Gold , Silver, Oil is incredibly volatile... the difference, bitcoin always goes up when it comes down to reach new highs!
94
Bob
09/02/2021 13:45:09 2 0
bbc
People would have done the same for tulips, the South Sea Company, the many gold rushes and oil booms, the dot-com bubble and most recently Gamestop. 'To the moon, it'll reach $1,000' they all said and so on.
95
09/02/2021 13:45:10 1 1
bbc
So Tesla can "invest"1.5billion, force the market price to sharply rise and then quickly sell in the flurry pocketing the difference on said sharp increase. How is that legal when they've has the financial might to cause the increase and then profit from it?
124
09/02/2021 13:54:16 2 0
bbc
Bitcoin is not a regulated product, it's worth what someone will pay for it. Purely supply & demand, it is regarded as a commodity not cash (yet)...
195
09/02/2021 14:15:49 0 0
bbc
Check the public blockchain dude - see if they sell, betcha they dont.
96
09/02/2021 13:45:32 1 1
bbc
The price of btc has not risen simply because of Mr Musk. Michael Saylor and Stanley Druckenmiller, to name but two, have invested heavily in btc - as a store of value. It had already hit $40000 before Musk got involved. Six trillion $US added by the Fed to the money supply in the past year is another reason. Don't be distracted.
63
09/02/2021 13:35:28 42 6
bbc
So you or I buy an electric car to go green and the company will invest the profits in a polluting currency to ensure the world doesn't benefit!

That's without examining the morality of massive market manipulation by Elon Musk to net Tesla about $375M.
97
09/02/2021 13:45:33 13 33
bbc
Bitcoin is about conserving energy, YOUR energy. Government money printing is stealing days of your effort and energy everytime they debase the currency. How much CO2 is created each time they steal a day of your life?
209
09/02/2021 14:18:51 3 2
bbc
Get a grip
68
09/02/2021 13:38:14 13 18
bbc
Unfortunately you'll be waiting a long time. Only an idiot invests their life savings and it's never going below 20K again. Hope you're happy with your money depreciating in an outdated banking system lol ??
98
09/02/2021 13:45:45 4 4
bbc
The prices will normalise again next week. Anyone who bought BC in the period right after Musk did this will lose out when it goes back down to what it should be. People tend to sell when the speed of the rise slows down, and that will create a drop. You'd have to be pretty silly to buy right now.
43
09/02/2021 13:26:38 5 24
bbc
We live in an era of free energy. This argument is dead
100
09/02/2021 13:46:29 7 2
bbc
Just set out for us this compelling economic model of yours, Dylan.

The one in which you cut down US hardwood forests to ship over to UK to burn in Drax power stations for your free energy..and none of this costs anything? You mean there are no consequences?

Your education seems to have been deficient. And your children will pay for this deficiency. Smarten up boy! as my Dad also used to say.
139
09/02/2021 13:58:00 1 0
bbc
its fair to say it never worked with you.
430
09/02/2021 16:11:21 3 1
bbc
i'm looking at my bitcoin holdings and i'm about a 10% increase off full financial freedom but i also have this guy here calling me a 'boy' and suggesting he's smart
538
09/02/2021 19:50:13 1 0
bbc
Are you seriously suggesting Dylan is shipping trees from the US to charge his Off grid batteries? Okay... Are there any other possible options that may be free for the small independent Off grid setup? Hmm. Brighten up Boy? Or are you blowing a bit of wind...maybe.