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Your right though I struggle with recognising sarcasm and long form debates, I have mild autistic tendencies. So I'll be closing my account as to protect my over loading brain. Sorry if offence caused Duke

I did inset a smile but it didn't show up

You just made an excel spreadsheet with random figures and ran a simulation to decide if it was value shorting ? I'm not sure if your been real or not , that probably explains why you still in debt at 40

So you just made them figures up , you had me excited about making money shorting it .

Can you send me a link to that John bowe technique?

I can open it , do you close out at 1 dollar or 1000? Where did you get the 1% downward weekly drift and 0.5% downward weekly drift numbers from?

Duke do you think shorting Bitcoin has a positive or negative expected return over a 1 year /3 year / 5 year period ?

I can admire @tecate for his rational arguments. He is very well educated on Bitcoin. I think at very least you should either educate yourself on Bitcoin or not post more in the thread because your input is not helping anyone reading the thread. To be honest the bag of hot air and toenails chat...

It's hard to post sense in the thread when any alternative opinion is beaten down by talk of bags of hot air and toenails. Why should anyone waste there time? The internet is a great place to extract discussion and over the years I've learned loads enough that I could utilise and put to work...

Thanks , now I value my time so will look back at this worthless thread in a few years could be an interesting read.

Nobody's buying his toenails though. In a court of law I'd be right in saying Bitcoin has value , on pure facts anything you can sell on an open market for 8000 has value there is no way to argue otherwise it might be based on nothing but it has a value.

Bitcoin started 11 years ago , if it was going to go to zero I would be betting on it happenning in the early years. Do you really see Bitcoin going to zero? You can call it a BOHA and a cult and maybe your right but can it go to zero? I just can't see it at all , its growing in popularity and...

I'll spend my life following efficient market hypothesis I've seen the power of the markets and the knowledge of the crowd. I might miss some things , I will always ignore the advice of "experts" that say Tesla / Bitcoin / or whatever the next craze is is overvalued. I am a firm believer that...

It's not like I have 100% of my wealth in Bitcoin I have less than 2% I would encourage people to diversify . I don't think holding Bitcoin as part of a balanced portfolio is irrational. One of the main things your learn from gambling is the market is good at putting a fair price on something...

Well I'm also surprised by yourself Brendan . The statement it is clearly worth nothing is 100% wrong , but you keep quoting it as fact. It is clearly trading at a value above zero. Your statements about making money from Bitcoin because people are happy to pay 15000 for something worth nothing...

I haven't really changed my mind , if you check back all my posts on Bitcoin I've consistently said "something is worth what people are prepared to pay for it". The thing is why try to compare Bitcoin to something else ?, it's not gold ,its not art , its not digital gold and its not tulips. So...

But if people didn't like gold in jewelry would it still be that expensive? The conversation has been done to death now I don't want to keep going over old ground . It's why I suggest people do there own research because it's no and it's not clear cut either way. It's clear you don't like...

Well I think it was tricky to get it to this stage but the hard work is done now, almost everyone has heard of Bitcoin and most people accept it as having a value. Enough people are using it now as a digital gold or alternative storage of wealth or whatever you would like to call it that the...

Yeah your right I don't care too much for it's fundamentals I think its at a place now where I can't forsee it falling to zero , maybe it started it's life as a bag of hot air but I like it now . Do I think it's wise to have a portion of your investment in Bitcoin ? Yes Do I think it will...

This thread has been great reading , thanks to @tecate for his explanations and @Duke of Marmalade who extracted the information by strict questioning. I have been spending a lot of time over last month or so learning all I can on cryptocurrencies. I have been converted well kind of , I am now...