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0FXTrader0
BNY MELLON PLANS TO EVENTUALLY TREAT DIGITAL CURRENCIES LIKE ANY OTHER ASSET- WSJ
are they sure about that 😁
are they sure about that 😁
The incoming BTC crash
- Thread starter 0FXTrader0
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postman
This is wrong! Andrew Bailey did NOT say that, you have copied and pasted an incorrect quote and based your simple assumptions on that false quote. Do try to put a bit more effort in silly man.
Digital innovation and payments ARE here to say - read his lips!
MSM are deliberately misquoting to feed the paranoia of fools such as yourself. I hope you didnt lose too much money shorting Bitcoin after reading that false headline.
Here is a link to the actual speech and you can listen to the words that he actually spoke. I do warn you however its 35 minutes long which is probably WAAAYYY over your attention span.
You can buy bitcoin now, you can buy things with bitcoin now, large financial institutions are buying bitcoin, large companies such as Apple and Tesla are buying into bitcoin. It is here to stay! It will evolve!
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0FXTrader0
Current cryptocurrencies unlikely to last, Bank of England governor says
www.reuters.com
Next BoE Governor: ‘Be Prepared to Lose All Your Money’ With Bitcoin
cointelegraph.com
Current cryptocurrencies unlikely to last, Bank of England governor says
No existing cryptocurrency has a structure that is likely to allow it to work as a means of payment over the long term, Bank of England Governor Andrew Bailey told an online forum hosted by the Davos-based World Economic Forum on Monday.
Next BoE Governor: ‘Be Prepared to Lose All Your Money’ With Bitcoin
Next BoE Governor: ‘Be Prepared to Lose All Your Money’ With Bitcoin
Andrew Bailey gave his thoughts on the cryptocurrency to members of parliament in London on Wednesday
cointelegraph.com
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0FXTrader0
It's not about shorting a bubble that's too difficult. It's about making aware that millennial money might not be around in its current form.
MasterOfCoin
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Seems our resident 'expert' and spread-bet taxpayer is a tad off the mark (again).
Bitcoin [BTC} Price Quote : 17:40 GMT Feb'16 2021 £34,808.54
That's errr, a 72% gain this year. A truly spectacular crash.
[NOT}
😁
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postman
If you shorted bitcoin with a spreadbet would you pay tax? No dont get me started.Not sure which is worse right now. Shorting bitcoin or paying tax on spread betting profits
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0FXTrader0
Only retail punters are SB once you trade for a living, you pay tax on it.
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postman
Only fools pay tax when they dont have to.
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0FXTrader0
When your trading every day and it's your sole source of income how can you structure it that your a punter and not a professional.
MasterOfCoin
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0FXTrader0
not that easy
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postman
The word 'punter' means a person who gambles. Spread BETTING is gambling. Its self evident to anyone who WANTS to see it, but you clearly dont want to see it. The only person losing out from not doing it is YOU! Everyone else is a winner you are the loser.
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0FXTrader0
Just because everyone else is doing something is not a good reason to follow
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postman
Agreed.
But if everyone else is getting free money and you're too stupid to take it that makes you the loser.
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0FXTrader0
Its not free money.
It's a good trading vehicle but the volatility of btc does not make it a good investment as it can crash back to earth on all the risks I have mentioned. Yes it's over 50k but watch how quick it can fall. If you are an absolute believer hodler which makes no sense because the authorities will overrule what that belief is --crypto taking over the monetary system. There was a wide variety of tulips, dogecoins what a joke.
It's a good trading vehicle but the volatility of btc does not make it a good investment as it can crash back to earth on all the risks I have mentioned. Yes it's over 50k but watch how quick it can fall. If you are an absolute believer hodler which makes no sense because the authorities will overrule what that belief is --crypto taking over the monetary system. There was a wide variety of tulips, dogecoins what a joke.
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0FXTrader0
Based on a market cap of USD 1 trillion, bitcoin would have a weight of 0.6% in the ‘The Global Multi-Asset Market Portfolio’ of major asset classes.
Nearing what PTJ recommended what happens next. Everyone holds a non-yielding asset that's burning more energy then Finland, very ESG.
Nearing what PTJ recommended what happens next. Everyone holds a non-yielding asset that's burning more energy then Finland, very ESG.
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postman
Gold is a non yielding asset that requires vast amounts of energy to mine it.
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