Bitcoin surges past $60,000 for first time
14/03/2021 | news | business | 865
The volatile cryptocurrency extends its record-breaking run to reach a new high.
1
14/03/2021 14:19:00 28 5
bbc
Vital information for the ordinary man in the street.
826
15/03/2021 16:32:00 0 0
bbc
Yes...the financial system is collapsing and ordinary people have found an alternative. Everybody should be considering how to shift out of fiat currency into algorithmically scarce assets.
2
14/03/2021 14:20:26 14 11
bbc
Do you get tulips from bitcoin?
37
14/03/2021 14:30:26 3 3
bbc
Or the dot-com bubble??!!
3
14/03/2021 14:21:51 28 13
bbc
I like to think that I’m of above-average intelligence, but the very notion of a cryptocurrency blows my tiny little mind.
38
01
14/03/2021 14:30:56 16 7
bbc
Same here, it's all based on nothing, worse than quantitative easing in my opinion. It'll all come crashing down soon enough and millions will lose thousands, if not more.
453
14/03/2021 17:18:03 1 4
bbc
OK go back and rethink your whole comment! Is above average intelligence with a tiny little mind an oxymoron?? Just to give you a measuring stick I have an IQ of 135 when I'm drunk! P. S i recently retired off the back of my bitcoin investments!
4
14/03/2021 14:22:14 19 17
bbc
This is tailor made for criminals, especially for those who would finance the subversion of democracies across borders.

Anyone contributing to demand for it increases the wealth and power of those global gangsters.
11
aw
14/03/2021 14:27:16 13 6
bbc
The entire internet is tailor made for criminals.....I can't see that going anywhere very quickly?
36
01
14/03/2021 14:29:47 0 3
bbc
Not really, you need something more "secret" like Monero. Most cryptocurrency transactions can be traced these days, especially by the HMRC who are now cracking down on any profits made.
51
14/03/2021 14:42:54 1 2
bbc
Blockchain is transparent. Do you think that fiat currencies are not used by criminals?
243
14/03/2021 15:49:07 1 3
bbc
guns are tailor made for murderers
banks are tailor made for money launderers
parliaments are tailor made for oppressors

ban everything. now.
314
14/03/2021 16:03:27 1 1
bbc
So it's not at all like us dollars then???
5
14/03/2021 14:23:14 103 43
bbc
The energy consumption used by computers to solve algorithms to generate a bitcoin exceeds that of entire countries such Argentinia Cambridge researchers have found. In times of climate change this is insane. Bitcoin is a climate threatening currency.
That's why I think only a fool would invest in it now. It's only a matter of time before the tree-huggers convince their governments to step in and outlaw mining and trading of Bitcoin, crashing it to zero. It'll be overtaken by something more enviromentally friendly eventually. Removed
53
14/03/2021 14:45:31 13 8
bbc
To be fair though the same could be said of stock markets etc in general, years ago I did some maintenance work repairing fire escapes at a banks server house and heat coming out was insane, just rows and rows and rows of servers, they had huge tanks of diesel and a generator incase of large scale power outages but that would only keep it going for 14 days
134
14/03/2021 15:06:25 9 14
bbc
Don't worry, quantum computing will make bitcoin mining trivial in the near future.

Anyone and everyone will be able to print their own bitcoins for next to nothing.

Only thing is ... at that point they'll be worthless.
Shut up you hysterical moron Removed
190
14/03/2021 15:29:12 2 10
bbc
so then "Britain" must be a "climate threatening" country.
And then to extrapolate further, humans must be "climate threatening".

You need to start thinking instead of regurgitating the rubbish you read on BBC.

The climate threatening problem is how we generate the power we use, not that we use power.

Unless you're suggesting we stop using power and become hunter gatherers or something.
210
14/03/2021 15:35:03 2 8
bbc
Why don't you fly on holiday 4 times a year then reuse your carrier bags are tell yourself how great you are :-) the legacy banking system runs entirely on wind dont you know!
524
14/03/2021 19:45:22 0 2
bbc
This was my view for a while, but the issue is not really energy use. Electricity is clean, however the production of electricity might not be. So really the issue is clean production of electricity.

In the future, long after we're dead, and assuming humanity has not killed itself, a Dyson Sphere might one day be created. Our energy requirements at this stage, will make today look miniscule
739
15/03/2021 10:35:59 0 1
bbc
Surely the energy used to distribute the details of any transaction is also huge?
I imagine this would mean that bitcoin can never replace transactions stored in a limited number of databases.
796
15/03/2021 13:40:39 0 0
bbc
twin
The energy consumption used by computers to solve algorithms to generate a bitcoin exceeds that of entire countries such Argentinia....Bitcoin is a climate threatening currency.

------

It's not a currency, it's a gamble.
817
15/03/2021 16:20:58 0 0
bbc
Yeah - we should ban Gold mining at once because it consumes more energy than Bitcoin and blows up the earth.
853
15/03/2021 18:41:20 0 0
bbc
Social media uses more energy than Bitcoin
6
14/03/2021 14:24:57 5 6
bbc
Yes but will it bomb as the World comes out of lockdown over the next 12 months.?.Will stick to classic cars and lego (things i can see and touch).
7
14/03/2021 14:26:24 1 4
bbc
Who sets the price and how is that price calculated specifically?
20
14/03/2021 14:32:25 0 3
bbc
who knows is the answer and the problem
27
14/03/2021 14:38:34 2 1
bbc
Supply and demand, literally. You can sell it for any price you want (if you can find a buyer), and buy it for any price you can find, on the markets. Supply is very limited, demand is very high, so the price is going up.
46
14/03/2021 14:42:02 2 1
bbc
The price is the result of supply and demand just like any currency. The difference being that Bitcoin has a finite supply, unlike fiat currencies which are overinflated by irresponsible financial mismanagement.

Ask yourself why your national currency has any notional value. It is nothing other than sentiment. Sentiment is changing over time. We are closer than you think to big change.
8
14/03/2021 14:26:31 8 5
bbc
A lot of people are getting very rich.
35
14/03/2021 14:29:44 9 4
bbc
And many more will become very poor!
42
Ted
14/03/2021 14:38:49 4 1
bbc
Getting rich off other people who will lose it all
370
14/03/2021 16:30:20 0 3
bbc
Yep!!!
9
14/03/2021 14:26:40 14 1
bbc
Much of the financial system has been reduced to little more than a huge bubble propped up by central bank fiat currency. The notion that 'the market' even vaguely represents a genuine price for commodities and stocks has been destroyed. This has happened before (although not on this scale) and we foolishly believe that 'technology' will prevent this from ending in disaster - we are mistaken.
10
14/03/2021 14:26:52 12 4
bbc
Bitcoin as well as other cryptocurrencies have a number of risks to associate with and have a lot more volatility compared with normal currencies. However, as the value is so high and also the actual owner of cryptocurrencies is not always known i.e. real identify I can bet they are been also used for illegal activities like large note bills are. And there are always going to be winners and losers
22
14/03/2021 14:34:42 7 11
bbc
They don’t and can’t own it as it’s non existent
4
14/03/2021 14:22:14 19 17
bbc
This is tailor made for criminals, especially for those who would finance the subversion of democracies across borders.

Anyone contributing to demand for it increases the wealth and power of those global gangsters.
11
aw
14/03/2021 14:27:16 13 6
bbc
The entire internet is tailor made for criminals.....I can't see that going anywhere very quickly?
316
14/03/2021 16:04:27 1 1
bbc
No just zero to $60,000 in 12 years..... Low iq??
12
14/03/2021 14:27:19 49 3
bbc
Fantastic news for those who saw the light early. I saw it at around $1000, so mustn't grumble. Every time it doubles I sell half. I have some sympathy with the view that it's a potentially huge bubble, and it's certainly little use as a payment mechanism. I would still have a dabble with £100, but don't gamble what you can't afford to lose.
266
14/03/2021 15:47:31 13 9
bbc
Well done mate I got in around 4 years ago and I have retired at 49 p.s don't sell anymore and if you fancy making a passive income from it then take a good look at Blockfi I trust them.
421
14/03/2021 16:49:15 1 1
bbc
how and where do you turn your bitcoin in to your bank account in pounds? thanks
756
15/03/2021 10:58:11 0 0
bbc
Sounds reasonable but just more encouragement for people to buy a small amount of bitcoin so that the price increases and those who bought early sell at a profit. Ponzi scheme if ever there was one.
13
14/03/2021 14:27:21 8 9
bbc
I'm not sure why the BBC needs to report so much on Bitcoin , maybe to seem hip.
28
14/03/2021 14:39:11 11 5
bbc
Maybe because it has a current market capitalisation of over $1tn and is set to grow probably another 2-4 times before this bubble bursts.

The ignorance surrounding cryptocurrencies is staggering. Give it another 1-2 cycles and it will find its intrinsic value, volatility will decrease and many comments on these boards will not age well.

For now only invest what you can afford to lose
48
14/03/2021 14:42:38 0 1
bbc
The Director General must have a load of money stashed in bitcoin.
367
14/03/2021 16:28:37 1 1
bbc
Well if its the complete nothing burger everyone on here says it is why the Interest?? Odd isn't it
14
14/03/2021 14:29:09 70 19
bbc
I know a number of people investing in Bitcoin and none of them have a great understanding of what makes it valuable, they simply see it as a lottery ticket that is guaranteed to win. The latest surge was caused by Americans using their stimulus cheques on this understanding. Like most things in the economy this looks like a bubble that is waiting to burst.
154
14/03/2021 15:17:38 24 26
bbc
It's funny how the MSM are constantly pushing how Bitcoin will burst, but it's always going higher. All the right people hate it, I wish Bitcoin every success.
173
14/03/2021 15:23:26 1 3
bbc
All trading is that way.
186
14/03/2021 15:27:55 3 5
bbc
Green eyed monster? What’s your understanding of the Bitcoin oh intelligent one!
237
14/03/2021 15:46:25 5 7
bbc
You seem to know very little about Bitcoin. The latest surge was mainly brought about by investment companies finally realising how valuable Bitcoin is and investing billions. Mock it all you want, you'll be sorry you didn't invest.
779
15/03/2021 12:17:25 0 0
bbc
Remember that for every dollar someone makes from Bitcoin, someone has lost a dollar, just like the share market. It's value is based on speculation, though with nothing tangible to support it. It will ultimately crash and burn.
Bet that guy is getting stressed even more. Looking for his hard drive in the council's landfill.
Oh how blessed are the ones who have nothing as we have no worries. Gather your treasure for the eternity.
Bitcoin will come and go. You will live on.
131
14/03/2021 15:02:56 3 6
bbc
"the poor we will always have with us"
218
14/03/2021 15:40:36 8 8
bbc
Bitcoin is here to stay. It's fiat money that you need to worry about. The people that had the foresight to buy Bitcoin early will have the last laugh.
522
14/03/2021 19:41:13 2 1
bbc
"The things you own end up owning you"
- Tyler Durden
16
14/03/2021 14:30:35 26 13
bbc
bubble written all over it
822
15/03/2021 16:24:20 2 0
bbc
Why not short it then? Sounds like you know what you're talking about.
17
14/03/2021 14:30:43 66 45
bbc
Bitcoin is the currency of choice for druglords, human traffickers and serious crime (Y'know, the mafia).

Aside from the environmental impact of bitcoin, is this the company that we want to be keeping... which is what we're doing with every passing day the cryptocurrency exists?

The dark Web runs on cryptocurrency for a reason and it's not unicorns and rainbows
24
14/03/2021 14:36:03 58 10
bbc
I think you'll find cash is the currency of choice for all of those things. And not even necessarily hard cash, look at what big banks facilited, like HSBC and the cartel.
Removed
80
14/03/2021 14:54:36 9 4
bbc
I quite like how this comparison is used, when really a lot of people don't know about Bitcoin. What makes it valuable is that it can't be forged, it can't be faked and it can't be fraudulent. It's been around for over 10 years and there hasn't been a single fault with all the tests it's had thrown at it. It's value is because it's rare (21million limit) and because it's impossible to fake. :)
118
14/03/2021 15:02:47 4 3
bbc
Anyone using BTC on the Dark Net is a fool, its vastly easier to trace than any cash transaction. MONERO XMR is the preferred currency nowadays on the Dark Net - 100% untraceable, the bees knees for buying weed.
189
14/03/2021 15:27:18 2 6
bbc
Great performance you covered almost every dumb government talking point from the last 10 years! P. S you forgot tulip bulbs.. Terrorists.. Ponzi scheme. Have you ever stopped to wonder why governments are bothered by this nonsense? What do they have to fear? It's useless right???
821
15/03/2021 16:23:44 1 0
bbc
Why would criminals use Bitcoin? Every transaction is recorded on a distributed ledger...hardly anonymous. Much easier to use cash.
845
15/03/2021 16:57:10 1 0
bbc
Only a tiny 0.34% of Bitcoin is in the hands of organised crime Every transaction on the blockchain can be identified & traced All this Bitcoin was bought with guess what pounds & dollars first Doh!
18
14/03/2021 14:31:01 45 20
bbc
Bitcoin?
People buying and selling nothing for thousands of £/€/$ etc
The greed of humans is staggering
65
14/03/2021 14:41:52 25 5
bbc
People buying something backed by nothing for something else backed by nothing.
66
14/03/2021 14:42:31 6 4
bbc
Those £/$ etc. are also "nothing" you know. They are exchanging nothing for nothing.
73
14/03/2021 14:53:22 5 3
bbc
You could same the same about the currencies you listed as well though, they are really just pieces of papers or numbers stored on a bank’s computer system. All currencies are worth what someone will exchange for them.
117
14/03/2021 15:02:44 3 1
bbc
The greed of humans is matched by their stupidity.
223
14/03/2021 15:41:29 2 2
bbc
That’s what happens in the financial markets every day. Thats why capitalism suck and That’s why socialism doesn’t work as humans are greedy. Works in insect populations though.
700
15/03/2021 02:39:46 2 1
bbc
If only it was nothing. Unfortunately, it is worse. Every bitcoin transaction produces about 270kg of CO2.
19
14/03/2021 14:31:07 6 6
bbc
Anyone with cryptocurrency good luck. Not for me though.
7
14/03/2021 14:26:24 1 4
bbc
Who sets the price and how is that price calculated specifically?
20
14/03/2021 14:32:25 0 3
bbc
who knows is the answer and the problem
61
14/03/2021 14:48:57 1 1
bbc
Same as shares: it's only worth what someone else is willing to pay for it. When nobody wants to pay $60k, then it's no longer worth that. At least with shares there is a company at the back of it that has a value, this just has big electricity bills.
748
15/03/2021 10:45:05 0 1
bbc
well we know the answer is 42
21
14/03/2021 14:34:16 6 6
bbc
If it's outside the control of national governments it's ok with me :)
765
15/03/2021 11:37:01 1 0
bbc
So you would prefer control by multinational corporations?
Apologies if you were being sarcastic.
10
14/03/2021 14:26:52 12 4
bbc
Bitcoin as well as other cryptocurrencies have a number of risks to associate with and have a lot more volatility compared with normal currencies. However, as the value is so high and also the actual owner of cryptocurrencies is not always known i.e. real identify I can bet they are been also used for illegal activities like large note bills are. And there are always going to be winners and losers
22
14/03/2021 14:34:42 7 11
bbc
They don’t and can’t own it as it’s non existent
29
14/03/2021 14:39:21 0 1
bbc
So to be more correct the "Virtual owner" then
55
14/03/2021 14:45:50 1 2
bbc
All currency has notional value since they severed the link to actual sterling silver. At least with established currency, some hacker can't steal my wallet without some protection. Bitcoin is an absolute gift to them.
71
14/03/2021 14:49:59 1 2
bbc
Just like sterling etc. The actual amount of physical notes and coins is a tiny percentage of the supposed amount that "exists" in bank accounts and even those physical notes and coins have no real intrinsic "worth" beyond what we all kind of agree to pretend they are worth. Really anyone accepting money in exchange for actual real stuff is pretty stupid..EXCEPT we all share the delusion!
23
14/03/2021 14:34:46 14 5
bbc
Chinese classification seems about right- its a digital gambling asset.

Hard to see it as a replacement for money as its price volatility limits it ability as a store of value.

More of a fear index if anything- the more rich people are worried about the commies taking over, the more they pour money into these sorts of investments outside of a governments control.
109
14/03/2021 14:59:50 9 7
bbc
Bitcoin is super slow & very expensive to use, zero chance whatsoever of it being used as a currency. Other crypto's maybe, BTC not a chance
181
14/03/2021 15:22:42 2 9
bbc
So zero to $60,000 in 12 years is no store of value? Good luck staying in cash with 0.1% on your isa! P. S i retired at 49 good old btc :-)
823
15/03/2021 16:25:44 0 0
bbc
Fiat is stable but depreciates over time.
Bitcoin is volatile but appreciates over time.
I know which 'store of value' I'd prefer.
17
14/03/2021 14:30:43 66 45
bbc
Bitcoin is the currency of choice for druglords, human traffickers and serious crime (Y'know, the mafia).

Aside from the environmental impact of bitcoin, is this the company that we want to be keeping... which is what we're doing with every passing day the cryptocurrency exists?

The dark Web runs on cryptocurrency for a reason and it's not unicorns and rainbows
24
14/03/2021 14:36:03 58 10
bbc
I think you'll find cash is the currency of choice for all of those things. And not even necessarily hard cash, look at what big banks facilited, like HSBC and the cartel.
40
14/03/2021 14:40:56 9 14
bbc
That's why the scammers want a pile of used £10 notes to unlock your files then. Oh, I think you'll find it is indeed bitcoin.
83
14/03/2021 14:55:17 3 8
bbc
AzUK

It has overtaken cash now, quite simply because it is much (MUCH) less traceable than cash.
203
14/03/2021 15:30:58 2 3
bbc
Nice one mate :-) you are a bright mind in an ocean of crap. Why are some people so bothered about btc they are compelled to comment on something they clearly know nothing about? Are bots writing the comments?
204
14/03/2021 15:31:42 4 4
bbc
No. Cash is not the currency of organised crime. I speak of someone convicted of it. The whole idea of organised crime is to turn cash into taxable income, that can be spent on real things without later being seized. The proceeds of crime act in the UK will take everything youhave if youcan;t prove legitimate income. Bitcoin is widely used in crime.
385
14/03/2021 16:40:03 0 3
bbc
Cash can be traced, bitcoin cannot
653
14/03/2021 22:22:32 0 2
bbc
Nope it’s not
Cash can be traced
Forensic investigators struggle with Bitcoin

UWOs no good. Criminals 1 law abiding society 0
25
14/03/2021 14:36:46 36 12
bbc
Look at the kings new clothes springs to mind
People using real currency to buy pretend money
52
14/03/2021 14:42:54 43 12
bbc
Real currency? Promise to pay the bearer on demand. It's all "pretend money".
123
14/03/2021 15:04:28 7 2
bbc
Since Nixon did away with the Gold Standard in the 70’s (was only supposed to be a temporary thing but 50 years later it’s still going), all currency is essentially worthless fiat currency.
176
14/03/2021 15:24:13 5 2
bbc
Any currency these days is only a system of faith.
236
14/03/2021 15:44:45 3 5
bbc
Real currency!!? Are you feeling OK? Your no student of economics are you? P. S i mean Austrian school economics!
726
15/03/2021 09:26:32 0 2
bbc
Bitcoin cant be inflated by a central bank!There will never be more than 21 million bitcoins

Evidence is showing that people are taking them out of circulation & holding onto them long term (Hodling).Meaning a growing number of people are fighting for a smaller supply

Bitcoin will hit $100K in the next few years & continue to grow

For the unbanked in developing countries Crypto is a lifeline.
26
14/03/2021 14:36:51 56 12
bbc
Of course it's a bubble! There's nothing backing it - not land, not goods, not production, not even an essentially useless metal. The only thing that gives it value is the fact that people think it has value, and as soon as people stop thinking that, it will plunge.
47
14/03/2021 14:42:18 30 4
bbc
What is any currency worth when you think about it. Gold reserves behind it? Promises? Trust?
Makes my mind spin.
122
14/03/2021 15:04:06 11 2
bbc
Even with gold reserves, why is gold of value? My theory is because women like shiny things and men like women.
125
14/03/2021 15:05:22 6 4
bbc
A lot of art falls into this category. Useless stuff where beauty is only defined by a mythical respect for a certain artist. Yet something a child can do in a school art class can be worth millions.
226
14/03/2021 15:40:24 4 3
bbc
Yes! Just like the pound or dollar! Weird isn't it?!!
264
14/03/2021 15:45:57 4 4
bbc
It’s backed by sound mathematics and computer science.

Do some research and educate yourself before making sweeping statements.

People have been saying the same thing since $10 Bitcoin. It’s had plenty of time to pop. Yet here we are.
535
14/03/2021 20:15:35 3 1
bbc
magic beans now 60,000 cows each
537
14/03/2021 20:23:36 0 2
bbc
Unlike fiat currency which is backed by........?
649
14/03/2021 22:20:07 0 1
bbc
Dutch daffodils
676
14/03/2021 22:51:51 0 1
bbc
Isn't that what gives any fiat currency value? People trust it- that's all it takes. When they loose confidence, it looses value.
711
15/03/2021 08:24:21 0 1
bbc
Isnt most curreny fiat? It's not backed by its weight in gold or anything. Most money these days is digital as well 0's and 1's
818
15/03/2021 16:21:37 0 0
bbc
You should short it then! I recommend using Binance 125x leverage. Good luck.
7
14/03/2021 14:26:24 1 4
bbc
Who sets the price and how is that price calculated specifically?
27
14/03/2021 14:38:34 2 1
bbc
Supply and demand, literally. You can sell it for any price you want (if you can find a buyer), and buy it for any price you can find, on the markets. Supply is very limited, demand is very high, so the price is going up.
13
14/03/2021 14:27:21 8 9
bbc
I'm not sure why the BBC needs to report so much on Bitcoin , maybe to seem hip.
28
14/03/2021 14:39:11 11 5
bbc
Maybe because it has a current market capitalisation of over $1tn and is set to grow probably another 2-4 times before this bubble bursts.

The ignorance surrounding cryptocurrencies is staggering. Give it another 1-2 cycles and it will find its intrinsic value, volatility will decrease and many comments on these boards will not age well.

For now only invest what you can afford to lose
369
14/03/2021 16:29:56 2 1
bbc
Well Well done my new friend keep up the good work and I will keep enjoying my btc fuelled early retirement :-)
22
14/03/2021 14:34:42 7 11
bbc
They don’t and can’t own it as it’s non existent
29
14/03/2021 14:39:21 0 1
bbc
So to be more correct the "Virtual owner" then
30
14/03/2021 14:39:29 4 3
bbc
Could set up a hedge fund to see whether Bitcoin bubble will burst before UK housing bubble :-)
76
14/03/2021 14:54:13 5 4
bbc
No such thing as a housing bubble because people will always need houses and whilst the population increases at a greater rate than the level of new houses prices will always rise. On the other hand Bitcoin is just another games of pass the parcel with a very expensive entry cost and when the music stops someone will be left with a whole lot of nothing
31
14/03/2021 14:40:22 15 4
bbc
I am sure we all wish we had a few of these when they were $100
94
14/03/2021 14:58:08 5 5
bbc
I bought at £450 just 3.5 years ago
95
14/03/2021 14:55:14 5 3
bbc
Some of us did but we either sent it to silkroad or cashed in WAY before it got anywhere near this. I can almost guarantee no-one kept it from then.
32
01
14/03/2021 14:25:02 6 3
bbc
Back in 2010, somebody paid for 2 pizzas with 10,000 Bitcoins. If only he had waited a little longer - LOL.
69
14/03/2021 14:51:37 6 1
bbc
He’d be overwhelmed with pizzas. There’s only so many pizzas a man can eat.
145
14/03/2021 15:11:52 1 2
bbc
Hindsight bias. It's like saying 'if only I bought google or amazon shares in the 90s, or facebook or apple shares a few years later, or...' etc etc. You can't apply knowledge you only know today to decisions made in the past without that knowledge

I think bitcoin is ridiculous, but the fact remains a lot of people have cashed out a lot of money from it over the years, whatever people on here say
5
14/03/2021 14:23:14 103 43
bbc
The energy consumption used by computers to solve algorithms to generate a bitcoin exceeds that of entire countries such Argentinia Cambridge researchers have found. In times of climate change this is insane. Bitcoin is a climate threatening currency.
33
01
bbc
That's why I think only a fool would invest in it now. It's only a matter of time before the tree-huggers convince their governments to step in and outlaw mining and trading of Bitcoin, crashing it to zero. It'll be overtaken by something more enviromentally friendly eventually. Removed
93
14/03/2021 14:58:06 9 8
bbc
Every time it reaches new highs, people say “only a fool would buy now”. And yet the fools keep making money by buying.

The facts are that nobody knows if or when this bubble will burst.

Meanwhile, the fools buy and make money whilst those who call them fools do not.

So, who are the fools?

(I am nobody’s fool. I don’t have any Bitcoins and never intend to)
142
14/03/2021 15:10:37 3 2
bbc
XRP
166
14/03/2021 15:18:59 9 8
bbc
Tree huggers? Grow up.
202
El
14/03/2021 15:30:54 2 3
bbc
'tree huggers' ? back to your chip-wrapper.
221
14/03/2021 15:38:38 2 6
bbc
You may be right... Only a fool would invest in it now... Probably would have been better to get in years ago then retire at 49 like I did! Now hop in your range rover and drive to Costa then Marks and Spencer food Hall for shrink wrapped apple's but don't forget your bag for life :-)
599
14/03/2021 21:34:17 0 1
bbc
I really hope you are right otherwise the energy use will shoot up in the next 5 years
34
14/03/2021 14:28:56 34 13
bbc
The Madness of Crowds:
>Tulip mania
>South Sea Company
>Mississippi Company
>dot-com bubble
Warnings from History !!!
Don't say you were not told
234
14/03/2021 15:44:44 7 18
bbc
first thing you have to do if you want to warn people about history is actually inform yourself about history.

all you've done is regurgitate the rubbish someone else said.

You don't know the first thing about any of those things you mentioned - some of them arent even things.
235
14/03/2021 15:44:31 2 4
bbc
Possibly the worst financial advice ever.
727
15/03/2021 09:28:09 0 1
bbc
Yes all those that invested just before the dot.com bubble must be really upset now.

The NASDAQ hit an all time high last month, which was far higher than the dot.com bubble.
731
15/03/2021 09:52:47 0 1
bbc
People of mad "people" crowding on Clapham Common...
819
15/03/2021 16:22:54 0 0
bbc
You should short Bitcoin, sounds like you know what you're talking about. Free money for you.
843
15/03/2021 16:54:03 0 0
bbc
Fiat currency dollars pounds money printing by governments devaluing your savings buying power
8
14/03/2021 14:26:31 8 5
bbc
A lot of people are getting very rich.
35
14/03/2021 14:29:44 9 4
bbc
And many more will become very poor!
373
14/03/2021 16:31:16 0 3
bbc
Only the sheeple!!! Mind you you do get 0.1% on some isas!!
476
14/03/2021 17:40:49 0 3
bbc
Well duh!!!
4
14/03/2021 14:22:14 19 17
bbc
This is tailor made for criminals, especially for those who would finance the subversion of democracies across borders.

Anyone contributing to demand for it increases the wealth and power of those global gangsters.
36
01
14/03/2021 14:29:47 0 3
bbc
Not really, you need something more "secret" like Monero. Most cryptocurrency transactions can be traced these days, especially by the HMRC who are now cracking down on any profits made.
2
14/03/2021 14:20:26 14 11
bbc
Do you get tulips from bitcoin?
37
14/03/2021 14:30:26 3 3
bbc
Or the dot-com bubble??!!
3
14/03/2021 14:21:51 28 13
bbc
I like to think that I’m of above-average intelligence, but the very notion of a cryptocurrency blows my tiny little mind.
38
01
14/03/2021 14:30:56 16 7
bbc
Same here, it's all based on nothing, worse than quantitative easing in my opinion. It'll all come crashing down soon enough and millions will lose thousands, if not more.
227
14/03/2021 15:42:39 0 2
bbc
"worse than quantitative easing"

that's fantastic. you win the darwin award.
292
14/03/2021 15:58:34 0 2
bbc
Ha ha ha, the most stupid comment today. Bitcoin is finite, transparent and fundmantally sound. Worse than QE? You silly person.
454
14/03/2021 17:18:46 1 1
bbc
Is 01 your age or IQ??
827
15/03/2021 16:32:43 0 0
bbc
Why not short it then? Sounds like you really know what you're talking about and you'd make a killing.
39
Ted
14/03/2021 14:37:13 11 9
bbc
Evil, pure greed driven behaviour. Anyone making a profit on this is taking money from the majority who will make a loss. Capitalism at it’s worst.
115
14/03/2021 15:01:11 4 5
bbc
So true ted
119
14/03/2021 15:02:52 3 1
bbc
Why are they taking money from the majority? People selling their Bitcoin for a profit are simply making money off of those buying the Bitcoin off of them.
242
14/03/2021 15:48:08 2 3
bbc
Literally anyone who ever bought and held Bitcoin is now in profit.

Don’t be bitter, do some research and gain a basic understanding of the technology before coming to false conclusions.
350
14/03/2021 16:19:17 1 3
bbc
So What do you think governments printing your currency into oblivion is doing Ted? Just wondering!
24
14/03/2021 14:36:03 58 10
bbc
I think you'll find cash is the currency of choice for all of those things. And not even necessarily hard cash, look at what big banks facilited, like HSBC and the cartel.
40
14/03/2021 14:40:56 9 14
bbc
That's why the scammers want a pile of used £10 notes to unlock your files then. Oh, I think you'll find it is indeed bitcoin.
77
14/03/2021 14:54:24 8 3
bbc
I mean, that's a ridiculous argument... the biggest scams in the world are done with cash, financial systems, international accounts, etc... but if you really want to make this comparison, most "everyday scammers" phone people up, scam them, get the victim to go and buy gift cards (eg Apple and Google gift cards) from a store and give them the key. So ban gift cards because naughty people?
41
PCS
14/03/2021 14:40:57 4 6
bbc
Law of Earth physics of, what goes up will come down! Personally don't know of anyone who has even one of these, I can only hope the meagre pensions I have are not invested in this type of speculation.
91
14/03/2021 14:57:13 0 3
bbc
You do understand that the people who make serious money from this do it by shorting on the way down - right?
213
14/03/2021 15:36:26 0 2
bbc
LOL & I have been onto my pension provider wanting to know why the hell they are NOT investing in BTC? would be a vastly better return than what they offer currently.
8
14/03/2021 14:26:31 8 5
bbc
A lot of people are getting very rich.
42
Ted
14/03/2021 14:38:49 4 1
bbc
Getting rich off other people who will lose it all
43
14/03/2021 14:39:16 6 7
bbc
Beeb, I cannot believe how naive people are.

Bitcoin is amateur trading, or should that be gambling, at its most sordid.

To think that the US stimulus package is finding a load of armchair wannabe millionaires is worrying, and I would be FURIOUS as a tax payer if I lived in the US.
89
14/03/2021 14:56:33 3 4
bbc
Why just the US? why not be furious with everyone because you missed out??
474
14/03/2021 17:39:32 0 2
bbc
The beeb! Is a corrupt state run media outlet funded by an enforced television tax... Think about that... Caution it can be quite upsetting when you finally realise that you have been played and told how to think all your life!!... And you only get one go around!!
44
14/03/2021 14:41:18 2 3
bbc
Cash is the payment method of choice for druglords, human traffickers and serious crime (Y'know, the mafia).
87
14/03/2021 14:55:46 1 3
bbc
Actually I think you will find there are vastly more drug & other criminal transactions carried out in regular £ & $ so I guess we have to ban cash???
113
14/03/2021 15:00:29 0 1
bbc
They are buying bitcoins to wire money though?
45
14/03/2021 14:41:39 2 7
bbc
So imaginary electronic bleeps of. 01010101 is worth £60000 lol ?.
81
14/03/2021 14:54:36 1 3
bbc
Salty much?
86
14/03/2021 14:53:30 1 1
bbc
yep. Just like 0s and 1s on your bank's computer saying that you have £60000.
291
14/03/2021 15:58:22 1 1
bbc
So if someone offered you Instagram or Facebook company ownership you would pass then I guess?
7
14/03/2021 14:26:24 1 4
bbc
Who sets the price and how is that price calculated specifically?
46
14/03/2021 14:42:02 2 1
bbc
The price is the result of supply and demand just like any currency. The difference being that Bitcoin has a finite supply, unlike fiat currencies which are overinflated by irresponsible financial mismanagement.

Ask yourself why your national currency has any notional value. It is nothing other than sentiment. Sentiment is changing over time. We are closer than you think to big change.
26
14/03/2021 14:36:51 56 12
bbc
Of course it's a bubble! There's nothing backing it - not land, not goods, not production, not even an essentially useless metal. The only thing that gives it value is the fact that people think it has value, and as soon as people stop thinking that, it will plunge.
47
14/03/2021 14:42:18 30 4
bbc
What is any currency worth when you think about it. Gold reserves behind it? Promises? Trust?
Makes my mind spin.
199
14/03/2021 15:33:24 0 5
bbc
Credit Cards (used to be called 'Access'!). Piece of plastic enabling you to spend money you possibly don't have.
232
14/03/2021 15:42:55 5 4
bbc
Quite right... So why not try one that is provably scarce, decentralised, unconfiscatable, secure and cannot be inflated?
600
14/03/2021 21:35:10 0 1
bbc
I agree its all magic money trees these days.s
13
14/03/2021 14:27:21 8 9
bbc
I'm not sure why the BBC needs to report so much on Bitcoin , maybe to seem hip.
48
14/03/2021 14:42:38 0 1
bbc
The Director General must have a load of money stashed in bitcoin.
49
Sam
14/03/2021 14:42:46 7 7
bbc
Bitcoin holdrrs should be taxed in line with its true carbon footprint.
130
01
14/03/2021 15:01:30 1 2
bbc
They are, HMRC have been on the case for years.
404
14/03/2021 16:46:45 0 2
bbc
Let go of the tree before you get bark imprints on your face!!
50
14/03/2021 14:42:51 19 2
bbc
Tha hard drive lost in a land fill in Newport is now worth £335 million.

Now that would be worth mining :)
4
14/03/2021 14:22:14 19 17
bbc
This is tailor made for criminals, especially for those who would finance the subversion of democracies across borders.

Anyone contributing to demand for it increases the wealth and power of those global gangsters.
51
14/03/2021 14:42:54 1 2
bbc
Blockchain is transparent. Do you think that fiat currencies are not used by criminals?
25
14/03/2021 14:36:46 36 12
bbc
Look at the kings new clothes springs to mind
People using real currency to buy pretend money
52
14/03/2021 14:42:54 43 12
bbc
Real currency? Promise to pay the bearer on demand. It's all "pretend money".
5
14/03/2021 14:23:14 103 43
bbc
The energy consumption used by computers to solve algorithms to generate a bitcoin exceeds that of entire countries such Argentinia Cambridge researchers have found. In times of climate change this is insane. Bitcoin is a climate threatening currency.
53
14/03/2021 14:45:31 13 8
bbc
To be fair though the same could be said of stock markets etc in general, years ago I did some maintenance work repairing fire escapes at a banks server house and heat coming out was insane, just rows and rows and rows of servers, they had huge tanks of diesel and a generator incase of large scale power outages but that would only keep it going for 14 days
78
14/03/2021 14:54:29 21 5
bbc
welder88 - certain tech infrastructure in general uses a lot of energy, but cryptocurrency essentially has an inbuilt issue which requires it to continously use more and more energy for it to be mined.

It has now reached a truly staggering scale of daily energy usage, possibly not foreseen when they were created.
Good choice in opening a HYS on this burning issue. I mean why would anyone want to comment on how women are treated in our society.

Outdated electoral system, out of touch police force and a n
National TV corporation funded by a tax that's forced on its citizens...

Envy of the world... pathetic
Removed
107
14/03/2021 14:59:42 0 1
bbc
Is this what you get up to on your holiday?!
22
14/03/2021 14:34:42 7 11
bbc
They don’t and can’t own it as it’s non existent
55
14/03/2021 14:45:50 1 2
bbc
All currency has notional value since they severed the link to actual sterling silver. At least with established currency, some hacker can't steal my wallet without some protection. Bitcoin is an absolute gift to them.
56
14/03/2021 14:46:35 5 5
bbc
Any currency that will eventually cost more to produce than its actual value is destined to fail. Crypto-currency is a waste of time and valuable resources.
74
14/03/2021 14:53:53 2 3
bbc
You clearly have no clue about this. It is only legacy crypto's BTC & ETH that use a lot of power, many cryptos use little or no power, XRP for example.
104
14/03/2021 14:59:06 2 1
bbc
Until then, a few will make a fortune and a lot will lose.
57
PCS
bbc
Interestingly I also just read the story of that Benin Bronze discovered in a bank vault £10m the art collector life at the end was somewhat in disarray, and surviving relatives also discovered a suitcase full of now non-legal tender banknotes, which are now only good for wiping ones backside, so much for the promise to pay BS! Removed
58
14/03/2021 14:48:04 4 5
bbc
Has anyone published anything on , at what point, when does a certain amount of cryptocurrency exceed the world’s energy capacity.
If, even at its current tiny %age of global GDP, its already exceeding largish country’s (Argentina) energy consumption there must come a point (fairly soon) where there isn’t enough electricity to keep up with the crypto’s requirements.
70
14/03/2021 14:51:59 3 2
bbc
Its only legacy "Proof Of Work" crypto's like BTC & ETH that use lots of power. Many new cryptos use little if any power.
75
14/03/2021 14:54:10 0 2
bbc
how much energy do all the banks use? building the branches, heating and lighting offices, transport to and from work for the employees, running servers for our accounts, printing and delivering statements and cards?
59
14/03/2021 14:48:17 17 10
bbc
A fool and his money are easily parted.
129
01
14/03/2021 15:00:33 7 3
bbc
A fool and his house, life savings, car and pension are soon parted!
60
14/03/2021 14:48:18 3 5
bbc
I must confess I had to watch the "tutorial" to understand what Bitcoin is and how it works but with digital art selling for millions and folk buying "first tweets" it would seem that we have a bit of a fad going on. So long as people dabble safely and sensibly and dont loose their shirt, why not...its all very futuristic!
20
14/03/2021 14:32:25 0 3
bbc
who knows is the answer and the problem
61
14/03/2021 14:48:57 1 1
bbc
Same as shares: it's only worth what someone else is willing to pay for it. When nobody wants to pay $60k, then it's no longer worth that. At least with shares there is a company at the back of it that has a value, this just has big electricity bills.
62
14/03/2021 14:49:05 10 9
bbc
With any luck the price will plummet to around $6.00.
72
14/03/2021 14:51:35 9 5
bbc
I hope ao, along with ethereum. Might be able to get a graphics card for my gaming PC then :)
174
14/03/2021 15:24:00 2 3
bbc
why 'with any luck..'? I don't hold any, I presume you don't either, but at least I'm not bitter about it. Wishing ill on others simply for the sake of it makes you sound like a very unpleasant individual!
206
14/03/2021 15:34:37 0 1
bbc
God I hope so, would make a freaking killing on my short positions in that scenario
341
14/03/2021 16:15:37 2 1
bbc
Why are you bothered as you clearly don't have any bitcoin?? Are you feeling bitter about something?? Has someone upset you today?? P. S i got into btc years ago and have recently retired... Looking forward to the summer now :-)
63
14/03/2021 14:50:10 8 11
bbc
I've been hearing all these comments about tulips, a bubble, worthless, going to crash, a ponzi etc since I bought BTC in 2017. And I've had people telling me I should sell whilst I can since it hit $5,000.....meanwhile I keep making more and more money
84
14/03/2021 14:55:18 6 1
bbc
You’ve not made any £’s until you’ve cashed in.
85
14/03/2021 14:53:03 2 4
bbc
Yea and the problem is people like you don’t know when to sell it, and that’s why you will lose.

Proper investment is about knowing when to sell as well as when to buy.
128
01
14/03/2021 14:59:41 2 1
bbc
Good for you, I bought 100 Ethereum when it was only £12, then sold them all back in 2018 when they reached £750, but had to pay nearly £20k in tax! ;-(
17
14/03/2021 14:30:43 66 45
bbc
Bitcoin is the currency of choice for druglords, human traffickers and serious crime (Y'know, the mafia).

Aside from the environmental impact of bitcoin, is this the company that we want to be keeping... which is what we're doing with every passing day the cryptocurrency exists?

The dark Web runs on cryptocurrency for a reason and it's not unicorns and rainbows
Removed
18
14/03/2021 14:31:01 45 20
bbc
Bitcoin?
People buying and selling nothing for thousands of £/€/$ etc
The greed of humans is staggering
65
14/03/2021 14:41:52 25 5
bbc
People buying something backed by nothing for something else backed by nothing.
18
14/03/2021 14:31:01 45 20
bbc
Bitcoin?
People buying and selling nothing for thousands of £/€/$ etc
The greed of humans is staggering
66
14/03/2021 14:42:31 6 4
bbc
Those £/$ etc. are also "nothing" you know. They are exchanging nothing for nothing.
366
14/03/2021 16:28:32 0 3
bbc
Currencies used to be backed by banks which paid interest. If the currency fell, interest rates went up to compensate. I'm not sure what keeps currencies up now, other than fear of global economic collapse. The dollar is solid until, say, there is a global famine where hungry farmers won't sell their meagre food reserves at any price and the U.S. starves.
67
14/03/2021 14:47:03 0 5
bbc
Greed that's all
68
14/03/2021 14:47:37 2 2
bbc
One of my work colleagues keeps boasting how he made 720% from Bitcoin since investing in June. He now has more than 100k in Bitcoin.

However, the bit he seemed a bit sheepish about:

- When would be the right moment to sell
- his capital gains tax bill

He is currently pumping even more money in.
82
14/03/2021 14:55:10 1 3
bbc
all gains from investments attract capital gains tax
96
01
14/03/2021 14:56:18 2 1
bbc
Report him to HMRC, which you can do anonymously.
110
14/03/2021 15:00:00 1 2
bbc
Capital gains could be hard to prove, especially if he doesn't sell his bitcoin through an exchange and if he uses an intermediate privacy crypto. The right moment to sell is whenever he wants the money - it's like holding foreign currency but in the case of bitcoin it will soon be easy to use online directly.
32
01
14/03/2021 14:25:02 6 3
bbc
Back in 2010, somebody paid for 2 pizzas with 10,000 Bitcoins. If only he had waited a little longer - LOL.
69
14/03/2021 14:51:37 6 1
bbc
He’d be overwhelmed with pizzas. There’s only so many pizzas a man can eat.
58
14/03/2021 14:48:04 4 5
bbc
Has anyone published anything on , at what point, when does a certain amount of cryptocurrency exceed the world’s energy capacity.
If, even at its current tiny %age of global GDP, its already exceeding largish country’s (Argentina) energy consumption there must come a point (fairly soon) where there isn’t enough electricity to keep up with the crypto’s requirements.
70
14/03/2021 14:51:59 3 2
bbc
Its only legacy "Proof Of Work" crypto's like BTC & ETH that use lots of power. Many new cryptos use little if any power.
185
14/03/2021 15:27:52 0 1
bbc
So you’re saying bitcoin is unsustainable due to its high energy costs and there are more sustainable options ?

Am I correct that , due to it so very nature, it would be impossible to switch bitcoin to an energy efficient variety?
22
14/03/2021 14:34:42 7 11
bbc
They don’t and can’t own it as it’s non existent
71
14/03/2021 14:49:59 1 2
bbc
Just like sterling etc. The actual amount of physical notes and coins is a tiny percentage of the supposed amount that "exists" in bank accounts and even those physical notes and coins have no real intrinsic "worth" beyond what we all kind of agree to pretend they are worth. Really anyone accepting money in exchange for actual real stuff is pretty stupid..EXCEPT we all share the delusion!
378
14/03/2021 16:34:30 0 1
bbc
Money is now based on legal agreements to pay it back with interest.
62
14/03/2021 14:49:05 10 9
bbc
With any luck the price will plummet to around $6.00.
72
14/03/2021 14:51:35 9 5
bbc
I hope ao, along with ethereum. Might be able to get a graphics card for my gaming PC then :)
18
14/03/2021 14:31:01 45 20
bbc
Bitcoin?
People buying and selling nothing for thousands of £/€/$ etc
The greed of humans is staggering
73
14/03/2021 14:53:22 5 3
bbc
You could same the same about the currencies you listed as well though, they are really just pieces of papers or numbers stored on a bank’s computer system. All currencies are worth what someone will exchange for them.
56
14/03/2021 14:46:35 5 5
bbc
Any currency that will eventually cost more to produce than its actual value is destined to fail. Crypto-currency is a waste of time and valuable resources.
74
14/03/2021 14:53:53 2 3
bbc
You clearly have no clue about this. It is only legacy crypto's BTC & ETH that use a lot of power, many cryptos use little or no power, XRP for example.
120
14/03/2021 15:03:28 1 1
bbc
XRP? The 'out of thin air' currency? ROFL

All of these crypto-currencies are either fundamentally flawed or mired in corruption.

I understand them just fine, thanks.
58
14/03/2021 14:48:04 4 5
bbc
Has anyone published anything on , at what point, when does a certain amount of cryptocurrency exceed the world’s energy capacity.
If, even at its current tiny %age of global GDP, its already exceeding largish country’s (Argentina) energy consumption there must come a point (fairly soon) where there isn’t enough electricity to keep up with the crypto’s requirements.
75
14/03/2021 14:54:10 0 2
bbc
how much energy do all the banks use? building the branches, heating and lighting offices, transport to and from work for the employees, running servers for our accounts, printing and delivering statements and cards?
30
14/03/2021 14:39:29 4 3
bbc
Could set up a hedge fund to see whether Bitcoin bubble will burst before UK housing bubble :-)
76
14/03/2021 14:54:13 5 4
bbc
No such thing as a housing bubble because people will always need houses and whilst the population increases at a greater rate than the level of new houses prices will always rise. On the other hand Bitcoin is just another games of pass the parcel with a very expensive entry cost and when the music stops someone will be left with a whole lot of nothing
244
14/03/2021 15:49:07 2 1
bbc
Clearly you didn’t own a house in the last 90’s when house prices crashed and people plunged in to negative equity.
248
14/03/2021 15:50:18 2 1
bbc
Sorry late 80’s not 90’s fat fingers on iPhone keyboard.
363
14/03/2021 16:27:10 1 2
bbc
Your really not very bright are you? Do you read the daily star?
578
14/03/2021 21:15:15 2 1
bbc
Well house prices have certainly deflated seriously on several occasions, 2008 perhaps being one of the most recent :-

https://www.housepricecrash.co.uk/indices-land-registry-national-monthly/

Late 80's :-

https://www.propertyinvestmentproject.co.uk/property-statistics/house-price-crash-from-the-early-90s/

If demand is so good then why current freeze in stamp duty to keep the market inflated ?
40
14/03/2021 14:40:56 9 14
bbc
That's why the scammers want a pile of used £10 notes to unlock your files then. Oh, I think you'll find it is indeed bitcoin.
77
14/03/2021 14:54:24 8 3
bbc
I mean, that's a ridiculous argument... the biggest scams in the world are done with cash, financial systems, international accounts, etc... but if you really want to make this comparison, most "everyday scammers" phone people up, scam them, get the victim to go and buy gift cards (eg Apple and Google gift cards) from a store and give them the key. So ban gift cards because naughty people?
53
14/03/2021 14:45:31 13 8
bbc
To be fair though the same could be said of stock markets etc in general, years ago I did some maintenance work repairing fire escapes at a banks server house and heat coming out was insane, just rows and rows and rows of servers, they had huge tanks of diesel and a generator incase of large scale power outages but that would only keep it going for 14 days
78
14/03/2021 14:54:29 21 5
bbc
welder88 - certain tech infrastructure in general uses a lot of energy, but cryptocurrency essentially has an inbuilt issue which requires it to continously use more and more energy for it to be mined.

It has now reached a truly staggering scale of daily energy usage, possibly not foreseen when they were created.
139
14/03/2021 15:08:08 5 8
bbc
Gross over generalisation, ONLY legacy Crypto like BTC & ETH use a lot of power, many cryptos use little or non
79
14/03/2021 14:54:33 1 2
bbc
It’s weird that the illustrations of cryptocurrencies always show something resembling a physical coin.

It couldn’t be any further away from that idea!
17
14/03/2021 14:30:43 66 45
bbc
Bitcoin is the currency of choice for druglords, human traffickers and serious crime (Y'know, the mafia).

Aside from the environmental impact of bitcoin, is this the company that we want to be keeping... which is what we're doing with every passing day the cryptocurrency exists?

The dark Web runs on cryptocurrency for a reason and it's not unicorns and rainbows
80
14/03/2021 14:54:36 9 4
bbc
I quite like how this comparison is used, when really a lot of people don't know about Bitcoin. What makes it valuable is that it can't be forged, it can't be faked and it can't be fraudulent. It's been around for over 10 years and there hasn't been a single fault with all the tests it's had thrown at it. It's value is because it's rare (21million limit) and because it's impossible to fake. :)
124
14/03/2021 15:05:22 0 4
bbc
Maybe 21 million buy literally limitless BTC derivatives make the scarcity thing totally obsolete
45
14/03/2021 14:41:39 2 7
bbc
So imaginary electronic bleeps of. 01010101 is worth £60000 lol ?.
81
14/03/2021 14:54:36 1 3
bbc
Salty much?
68
14/03/2021 14:47:37 2 2
bbc
One of my work colleagues keeps boasting how he made 720% from Bitcoin since investing in June. He now has more than 100k in Bitcoin.

However, the bit he seemed a bit sheepish about:

- When would be the right moment to sell
- his capital gains tax bill

He is currently pumping even more money in.
82
14/03/2021 14:55:10 1 3
bbc
all gains from investments attract capital gains tax
171
14/03/2021 15:21:59 1 3
bbc
Only if you cash out & as the crypto ecosystem is developing exponentially there will be little need to cash out as everything will be bought within the crypto system
24
14/03/2021 14:36:03 58 10
bbc
I think you'll find cash is the currency of choice for all of those things. And not even necessarily hard cash, look at what big banks facilited, like HSBC and the cartel.
83
14/03/2021 14:55:17 3 8
bbc
AzUK

It has overtaken cash now, quite simply because it is much (MUCH) less traceable than cash.
90
14/03/2021 14:56:57 9 3
bbc
It's very easy to track bitcoin did you watch the video? Every transaction goes on the ledger which is in the public domain. Cash is near impossible to track.
127
14/03/2021 15:06:16 4 2
bbc
Crazy - BTC is infinitely traceable, cash is not traceable at all???
435
14/03/2021 17:07:59 0 4
bbc
Low iq??
846
15/03/2021 16:58:41 0 0
bbc
Nonsense All transactions are visible on the blockchain
63
14/03/2021 14:50:10 8 11
bbc
I've been hearing all these comments about tulips, a bubble, worthless, going to crash, a ponzi etc since I bought BTC in 2017. And I've had people telling me I should sell whilst I can since it hit $5,000.....meanwhile I keep making more and more money
84
14/03/2021 14:55:18 6 1
bbc
You’ve not made any £’s until you’ve cashed in.
112
14/03/2021 15:00:25 1 1
bbc
Holding £s is also an investment strategy - the value of the £ can plummet due to inflation and relative to other currencies
63
14/03/2021 14:50:10 8 11
bbc
I've been hearing all these comments about tulips, a bubble, worthless, going to crash, a ponzi etc since I bought BTC in 2017. And I've had people telling me I should sell whilst I can since it hit $5,000.....meanwhile I keep making more and more money
85
14/03/2021 14:53:03 2 4
bbc
Yea and the problem is people like you don’t know when to sell it, and that’s why you will lose.

Proper investment is about knowing when to sell as well as when to buy.
108
14/03/2021 14:59:44 2 4
bbc
If I'd listened to people telling me to sell I'd have sold at $5,000
45
14/03/2021 14:41:39 2 7
bbc
So imaginary electronic bleeps of. 01010101 is worth £60000 lol ?.
86
14/03/2021 14:53:30 1 1
bbc
yep. Just like 0s and 1s on your bank's computer saying that you have £60000.
44
14/03/2021 14:41:18 2 3
bbc
Cash is the payment method of choice for druglords, human traffickers and serious crime (Y'know, the mafia).
87
14/03/2021 14:55:46 1 3
bbc
Actually I think you will find there are vastly more drug & other criminal transactions carried out in regular £ & $ so I guess we have to ban cash???
88
14/03/2021 14:56:26 7 8
bbc
This is just a fancy electronic pyramid scheme and there will be many tears further down the road.
101
14/03/2021 14:58:38 5 3
bbc
when? Bitcoin has been around for 12 years now and people have been saying this for all that time
105
14/03/2021 14:59:08 0 2
bbc
Also not that much different to Las Vegas folks and how much do most punters make and who gets rich..the people running it..wake up..
116
14/03/2021 15:02:22 1 1
bbc
Same could be said of any currency electronic or not. Even the pound is only worth what markets stipulate. After taking it away from the gold standard it has opened up the valuing of currencies to abuse. Good for poor governments.
249
14/03/2021 15:50:22 0 1
bbc
Nope. Do some research, it is not a ponzi by any definition.

It is a deflationary system of value backed by mathematics. Hard to get your head around but worth it.
355
14/03/2021 16:22:06 0 1
bbc
Well said now grab yourself a wurthers original one some horlicks last of the summer wine is on gold in a minute :-)
466
14/03/2021 17:34:30 0 1
bbc
Low IQ
43
14/03/2021 14:39:16 6 7
bbc
Beeb, I cannot believe how naive people are.

Bitcoin is amateur trading, or should that be gambling, at its most sordid.

To think that the US stimulus package is finding a load of armchair wannabe millionaires is worrying, and I would be FURIOUS as a tax payer if I lived in the US.
89
14/03/2021 14:56:33 3 4
bbc
Why just the US? why not be furious with everyone because you missed out??
360
14/03/2021 16:25:55 0 2
bbc
Well done dave keep going this is the most fun I've had in the past few days apart from checking my blockfi account!!!
83
14/03/2021 14:55:17 3 8
bbc
AzUK

It has overtaken cash now, quite simply because it is much (MUCH) less traceable than cash.
90
14/03/2021 14:56:57 9 3
bbc
It's very easy to track bitcoin did you watch the video? Every transaction goes on the ledger which is in the public domain. Cash is near impossible to track.
208
14/03/2021 15:33:43 3 3
bbc
So. all those drug deals done with Bitcoin on the dark web, where is the register for them? And that is fact, a lot of drugs are bought with bitcoin.
41
PCS
14/03/2021 14:40:57 4 6
bbc
Law of Earth physics of, what goes up will come down! Personally don't know of anyone who has even one of these, I can only hope the meagre pensions I have are not invested in this type of speculation.
91
14/03/2021 14:57:13 0 3
bbc
You do understand that the people who make serious money from this do it by shorting on the way down - right?
92
14/03/2021 14:57:58 0 2
bbc
I don't care how crypto currencies work!
200
14/03/2021 15:33:53 1 1
bbc
Don't read it then ( or comment )
284
14/03/2021 15:56:03 0 1
bbc
Your loss then clearly.
That's why I think only a fool would invest in it now. It's only a matter of time before the tree-huggers convince their governments to step in and outlaw mining and trading of Bitcoin, crashing it to zero. It'll be overtaken by something more enviromentally friendly eventually. Removed
93
14/03/2021 14:58:06 9 8
bbc
Every time it reaches new highs, people say “only a fool would buy now”. And yet the fools keep making money by buying.

The facts are that nobody knows if or when this bubble will burst.

Meanwhile, the fools buy and make money whilst those who call them fools do not.

So, who are the fools?

(I am nobody’s fool. I don’t have any Bitcoins and never intend to)
132
01
14/03/2021 15:03:46 13 6
bbc
It did burst in 2018 and is re-inflating to burst with a bigger bang next time.
337
14/03/2021 16:14:08 6 2
bbc
You don't make money by buying Bitcoin, you make money by selling or spending it at a higher price. It is a classic bubble and will collapse. Those who keep buying will, eventually, lose.
416
14/03/2021 16:53:01 0 4
bbc
Good well thought out comments I gave you a thumbs up :-) and to be fair I wouldn't encourage people getting involved at the current price... Definitely personal choice that one personally I got in 4 years ago and have recently retired... But that's just my experience people have to choose their own path!
31
14/03/2021 14:40:22 15 4
bbc
I am sure we all wish we had a few of these when they were $100
94
14/03/2021 14:58:08 5 5
bbc
I bought at £450 just 3.5 years ago
162
14/03/2021 15:18:19 6 2
bbc
Did ye, aye?
178
14/03/2021 15:19:05 5 7
bbc
Have you read some of the other comments dave? Do the BBC and government write them all? P. S i bought 10 btc 4 years ago and I retired last September at 49 years old :-)
31
14/03/2021 14:40:22 15 4
bbc
I am sure we all wish we had a few of these when they were $100
95
14/03/2021 14:55:14 5 3
bbc
Some of us did but we either sent it to silkroad or cashed in WAY before it got anywhere near this. I can almost guarantee no-one kept it from then.
255
14/03/2021 15:51:51 1 1
bbc
Yeah some of did, know several people who are only just selling up.

Gotta play the long game.
68
14/03/2021 14:47:37 2 2
bbc
One of my work colleagues keeps boasting how he made 720% from Bitcoin since investing in June. He now has more than 100k in Bitcoin.

However, the bit he seemed a bit sheepish about:

- When would be the right moment to sell
- his capital gains tax bill

He is currently pumping even more money in.
96
01
14/03/2021 14:56:18 2 1
bbc
Report him to HMRC, which you can do anonymously.
97
mf
14/03/2021 14:56:37 2 5
bbc
Two business men I know in north of Ireland are putting into Bitcoin for security of their money as reunification just a few years away
98
14/03/2021 14:58:29 1 3
bbc
Ive been following Bitcoin since 2012 and whilst it is actually ‘worthless’ it’s being pushed higher and higher because of the gambling element in everyone who buys it... one day it will crash but if some lucky people can make money well done to them. Surely it will crash eventually... it has absolutely no physical process use unlike metals. Hating it doesn’t make the price go down.
169
14/03/2021 15:19:57 0 2
bbc
What commenters here seem to fail to understand is that most folk who make bank from BTC do it by shorting with leverage ON THE WAY DOWN
260
14/03/2021 15:53:36 0 1
bbc
Man if this is true then you really have missed the biggest opportunity of a lifetime.

Imagine not putting a tiny amount into a game changing tech early on and watching it get to the mainstream at $60k per coin.

I feel for you
99
14/03/2021 14:58:34 0 2
bbc
What happens if i forget my crypto currency a/c password?
114
14/03/2021 15:00:47 3 1
bbc
You lose the lot

You don't need an account

Search 'bitcoin core'
161
14/03/2021 15:18:17 1 2
bbc
You loose it obviously
280
14/03/2021 15:55:30 0 1
bbc
What happens if you loose your Rolex?
100
14/03/2021 14:58:38 6 5
bbc
Bitcoin is brilliant

The Blockchain stored in everyone's wallet is a record of the entire transaction history of every satoshi and every wallet address

If it were to replace cash it would kill fraud and any govt dodgy deals stone dead as everyone would be able to read who paid exactly what to whom

Sadly, it uses too much energy and is unsustainable
177
14/03/2021 15:16:36 5 4
bbc
Good comment my friend. On the subject of energy use, don't assume the innervation will stand still it never does, a lot big bitcoin mining operations are now in localities with an excess of hydro, wind and geothermal energy like Russia, China and Iceland etc plus the mining rigs are getting more and more efficient, also the higher prices means more value out for energy expended.