Member Info for poorinvester

It’s really amusing reading some posts on here, considering this is a stock market bb, I would of thought most would understand. I will try to throw my 2 cents into the debate. Every thing on LSE is supply and demand.

That’s are 21 million bitcoins in total.
18.7 million have been mined so far.
So around 2 million are left.
According to a recent study by the New York Times, almost 20% of Bitcoins are trapped in inaccessible wallets. The total value of these trapped Bitcoins is estimated to be around $140 billion. These Bitcoins will likely stay trapped indefinitely, which affects the total supply of Bitcoins in circulation.

My point is, it is inevitable for btc to rise and rise as the supply gets smaller and smaller. It’s not by chance, the Bank of England warned that btc could become worthless. You have to understand, he said could, I could climb Mount Everest but I’m not going to. He was worried about crypto becoming a threat to established financial systems.
Assuming that Bitcoin remains popular, the limited supply and investment value will tempt people to use Bitcoin as an investment commodity rather than for transactional use.
HODLers and retail investors will hoard Bitcoins in their wallets instead of releasing them. These actions will further decrease the supply and keep Bitcoin’s value high.
Institutional investors are treating Bitcoin as digital gold. Due to Bitcoin’s mining limit, scarcity and potential price increase, institutional investors will use virtual currency as a hedge against inflation, just like they’ve used precious metals in the past.
It is inevitable btc will keep rising. In my humble opinion.

S.A.M, yes completely agree, it never made sense to me either. When Texas mine is up and running, this will fire on a different level in my opinion. Best of luck my friend. DYOR

Hi S.A.M, two schools of thought here, one thinks the bubble is bursting and the other thinks this is the shake before the next leg up. I’m in the people who think this is firing back up after this shake, I’ve seen it too many times to think it’s anything else, every time its the same, load of hype this is doomed and then BTC fires. BTC has become too big to fail. imho

Thank you for sharing that Tex.

Lol flowerpot, I’m sure you won’t be having chicken sandwiches, more like a Turkey the same size as an elephant.
I’m afraid, I can’t see this going to low 0.80’s but there is no harm in having hope. Best of luck mate.

Flowerpot, did you buy any today? Or you going to keep doing your Alf Garnet impersonations.
Mate cheer up, it’s only money.

BTC is flying now, at this rate it will be around 49,000 dollars in an hour lol.

Happy happy days. Roll on Monday.

That’s the spirit amnesia, buy it and forget about it, then blame amnesia lol. Just joking buddy. Best of luck. :-)

You too my friend. All the best. See you back on nnn Monday.

DrM, I always buy this when it drops. I have a large quantity of dry powder, as you know so over the moon this is dropping. It should be back over a penny next week.

46,230 dollars.
Happy days

Hi DrM, hope you are well. I’ve filled my boots today.

This share it half teaming with sharks.

Well that’s me done, I’ve thrown all I could at it. Now I’ll go get drunk and see what happens Monday morning. Good Luck All. Happy weekend. This might be Xmas come early.

Btc will not fall below 45,000 dollars. This is a good test for it. It will be back to around 49,000 dollars Monday morning. Always be sceptical when btc falls on rumours or for no reason.

Bought a huge amount between 90 and 93,
Happy days. Free money.

Btc usd is 46,600.
Of course it’s going to drop, the question is do you have powder to the ready?

https://www.google.com/amp/s/www.coindesk.com/markets/2021/12/16/bitcoin-oversold-near-46k-support-resistance-at-55k/%3foutputType=amp

Justdave, out of all the green energy producing methods, tidal energy is the most reliable, especially in the Uk. It’s the least talked about and the most reliable ways to produce electricity.