RE: Blue finish24 Nov 2022 16:04
Fleccy. I am glad to see that you not keen on bitcoin. I have been very anti bitcoin for a long time now, (Totally corrupt) but try not to think about it. Some years ago I had a C.F.D. account with I.G. index & shorted bitcoin on 3 occasions, The 1st time I won, but next two I lost my nerve & bailed out at a loss, the last time I shorted at £5 to the dollar. I closed my I.G. account but after bitcoin had reached over $80k I tried to re open an account, but the rules for C.F.D. trading had become far more stringent, & they deemed I was not experienced enough to trade Bitcoin C.F.D.'s. I intended to short bitcoin when they fell to about $78K for about £5 to the dollar or even more. So I wish I persevered more in trying to re open my account, as at £5 to the dollar, if I had held that position until now, I would be up by about £300,000. So probably my biggest ever regret financially, but I probably would have lost a lot of sleep, as the bitcoin market is almost 24 hours & wild swings were common. The problem with bitcion is that although they are basically worthless, & always have been, the market was very manipulated & was unregulated so the (whales) (big holders) as they were called, sucked in more investors making the price rise & then in concert with each other sold large amounts at a profit before anybody else had time to sell. Anybody you thinks the stock market is manipulated, It is nothing compared to bitcoin. Many investors have lost a fortune, so It's eventual collapse will be a good thing because it will stop more suckers getting drawn in. It is a mathematical fact that there will always be more losers than winners who buy bitcoin. That is not true of the stock market, although of course you can lose on the stock market, most investors win. Ok, not me perhaps, but most. Perhaps my day win come?