what do you invest your money in?

[Iron Giant]

I'll be honest. I don't think it would be worth the financial investment. That would be a huge amount of money going out, to dry a bit of firewood which would probably not be all that valuable after in relation to the financial outlay.

Sounds right up his street

 

[Dave B]

This subject about wood has to be the most boring since this forum began ?

I got wood reading it?

 

[steve garwood]

I was at the timber yard yesterday. I said to the assistant, “I want to buy a piece of wood”

He asked “how long?”

I said “I wanna keep it” ??‍?

 

[joshbrowne]

Is it worth investing money in something like BTC? The price has risen a lot now...

 

[CrispySquid]

Is it worth investing money in something like BTC? The price has risen a lot now...

Always long term

It’s always a good time to invest in your favourite store of value, gold, silver, bitcoin, to name a few. 

 

[Nicky]

I invest in Tranmere rovers , killing me slowly 

 

[Davy G]

I invest in Tranmere rovers , killing me slowly 

I know nothing about football but I'm guessing they're not doing too well. ?

 

[Mx19]

Is it worth investing money in something like BTC? The price has risen a lot now...

Just be prepared to lose it if you do, it’s extremely volatile and purely speculative and massively high risk.

 

[ched999uk]

I invest in Tranmere rovers , killing me slowly 

I went to college close by and could see into the ground ? Think they are doing better nowadays - well couldn't do much worse ?

 

[Chris34]

Always long term

I wouldn't class Bitcoin as an investment, it's more like a gamble.  Obviously just buying shares or Gold is a gamble, but both have something behind them that justify the price, Bitcoin is purely based on peoples demand, there is nothing there that you're backing other than the demand.  You could say the same about Gold, but gold you can make jewellery out of, use it for electronics etc.  A share your buying a bit of a company.  Bitcoin is like predicting how many other people will buy into it and that's all it is, so I'd class it as a gamble.

 

[CrispySquid]

I wouldn't class Bitcoin as an investment, it's more like a gamble.  Obviously just buying shares or Gold is a gamble, but both have something behind them that justify the price, Bitcoin is purely based on peoples demand, there is nothing there that you're backing other than the demand.  You could say the same about Gold, but gold you can make jewellery out of, use it for electronics etc.  A share your buying a bit of a company.  Bitcoin is like predicting how many other people will buy into it and that's all it is, so I'd class it as a gamble.

It’s probably worth investing time in to really understanding bitcoin and it’s value. Personally I think BTC will out perform gold by a mile over a 10 year period even if it is volatile in the short term. 
Gen Z aren’t going to be buying clunky gold bars or etf’s to store value. 
The future is digital and global, bitcoin and other crypto give the power back to people. 
 

 

[Chris34]

It’s probably worth investing time in to really understanding bitcoin and it’s value. Personally I think BTC will out perform gold by a mile over a 10 year period even if it is volatile in the short term. 
Gen Z aren’t going to be buying clunky gold bars or etf’s to store value. 
The future is digital and global, bitcoin and other crypto give the power back to people. 
 

I don't know, think I'd prefer a nice big Gold worthless medallion than a worthless Bitcoin should they lose their value ?

Gold has always been a safe haven, can't see that going away.  Thing with gold is it's a limited resource that's in some sort of demand, like to make jewellery you need gold, silver is ok but nobody is going to be looking at stainless steel necklaces thinking I wish I had one of them [although Pandora comes close].  

With cryptos though, there is nothing to stop another one setting up shop, potentially you could have millions of crypto currencies so once one of them is not popular you're trying to find the next one or you risk losing everything.  It's not like that with gold, you can't just invent a new metal to make jewellery and because it's a limited resource it's essentially what Bitcoin is trying to be but will never be. 

 

[scottish cleaning service]

You can put £50k in Premium Bonds and have the chance of winning £25 a month. At least it's safe and you can always get your money back. ?

 

[scottish cleaning service]

Huuum they shouldn’t be and if caught doing that in a smokeless zone  will face a heavy fine , most of the pubs round our way are very good and the fire with natural logs is what draws in many customers . Olde worldly ??? 

Firemen will be going round these places with moisture meters to check the moisture content of the logs I heard. ? We once got called out to a funny smell of burning in a council street. When we pulled up there was a strange smell and only one chimney billowing smoke. The house holder came out and said he had put a very old pair of shoes on his fire and they were burning well but the smell was horrendous so that's why his front door was open. He blamed the shoes for his athletes foot disease. ? We all felt like kicking him up the backside because we were called out halfway through a live football match. 

 

[Nosey]

Bitcoin has continued to rise over the past few years and is predicted to continue that way although there will be plenty of ups and downs. So has to be with a view for long term gain and not just a quick buck. Elon Musks company Tesla bought 1.5 billion dollars worth of bitcoin the other day and the price surged by 20%. Some people believe Bitcoin is untouchable as it's decentralised, but it only takes for a government to start putting regulations on it for that not to be the case. 

 

[Nosey]

I don't know, think I'd prefer a nice big Gold worthless medallion than a worthless Bitcoin should they lose their value ?

Me too at least you would have something nice and shiny to stare at if everything went kaput ?

 

[CrispySquid]

Bitcoin has continued to rise over the past few years and is predicted to continue that way although there will be plenty of ups and downs. So has to be with a view for long term gain and not just a quick buck. Elon Musks company Tesla bought 1.5 billion dollars worth of bitcoin the other day and the price surged by 20%. Some people believe Bitcoin is untouchable as it's decentralised, but it only takes for a government to start putting regulations on it for that not to be the case. 

The problem with regulating BTC is that it will have to be a global regulation which is pretty much imposible. If EU, GB or USA decides to position against BTC other countries who are more lenient will see huge profits. BTC is imposible to confiscate when stored appropriately and with VPN technology you could potentially still use it even a country completely bans use. 
Governments and central banks will hate and scare on BTC and friends as it is their real enemy. 

 

[Chris34]

The problem with regulating BTC is that it will have to be a global regulation which is pretty much imposible. If EU, GB or USA decides to position against BTC other countries who are more lenient will see huge profits. BTC is imposible to confiscate when stored appropriately and with VPN technology you could potentially still use it even a country completely bans use. 
Governments and central banks will hate and scare on BTC and friends as it is their real enemy. 

How is it a governments enemy?  It's not a real currency as it's too volatile to be a currency so I can't see how it's a governments and central banks enemy? 

 

[CrispySquid]

How is it a governments enemy?  It's not a real currency as it's too volatile to be a currency so I can't see how it's a governments and central banks enemy? 

definition of currency:

cur•ren•cy kûr′ən-sē, kŭr′-

►n.

Money in any form when in actual use as a medium of exchange, especially circulating paper money.

n.

Transmission from person to person as a medium of exchange; circulation.

n.

General acceptance or use; prevalence.

Ask these questions: Is paper money valuable  currency? What makes paper have value when it’s no longer backed by gold standard ? 
Anything can be a currency if enough people believe it is. 
Who controls the price of world currency and what happens when you print too much? Clear Examples in Nigeria and Venezuela where their paper money is worthless and are now turning to BTC. 

 

[Dave B]

definition of currency:

cur•ren•cy kûr′ən-sē, kŭr′-

►n.

Money in any form when in actual use as a medium of exchange, especially circulating paper money.

n.

Transmission from person to person as a medium of exchange; circulation.

n.

General acceptance or use; prevalence.

Ask these questions: Is paper money valuable  currency? What makes paper have value when it’s no longer backed by gold standard ? 
Anything can be a currency if enough people believe it is. 
Who controls the price of world currency and what happens when you print too much? Clear Examples in Nigeria and Venezuela where their paper money is worthless and are now turning to BTC. 

The rothschilds control the worlds money lol.

 

[Chris34]

definition of currency:

cur•ren•cy kûr′ən-sē, kŭr′-

►n.

Money in any form when in actual use as a medium of exchange, especially circulating paper money.

n.

Transmission from person to person as a medium of exchange; circulation.

n.

General acceptance or use; prevalence.

Ask these questions: Is paper money valuable  currency? What makes paper have value when it’s no longer backed by gold standard ? 
Anything can be a currency if enough people believe it is. 
Who controls the price of world currency and what happens when you print too much? Clear Examples in Nigeria and Venezuela where their paper money is worthless and are now turning to BTC. 

So you invest in Bitcoin and then want to cash in to buy some household goods to treat yourself, are you going to use Bitcoin to do this?

The reality is that anybody investing in Bitcoin cashes out in Dollars or Pounds, without Dollars or Pounds there would be no reliable currency to buy goods and no retailer would accept anything else.  Any retailer advertising accepting Bitcoin is just doing it as a marketing gimmick to hit the headlines.  Gold is the next best thing which is why it will always be a backup option if the **** hits the fan.  Despite the printing of money all it's actually done is keep inflation low, it's had the opposite effect to what we have been taught.  

Like I can now buy a bag of potatoes from Marks and spencers for 90p, from Aldi it's about 80p, 4 pints of milk is around a pound and has been for years.  Pretty much everything is reducing in price year on year despite the printing of money.  The only thing rising is house prices and the cost of getting your windows cleaned.

The reality is that the main currencies will never be worthless, people need something to put a value on something to enable a trade.  Like for window cleaning it's not like we can say you give us some petrol and I'll clean your windows, or give us a chicken, loaf of bread, some milk etc in return for cleaning your windows, it just doesn't work so we always need a currency to enable the economy to work.

Bitcoin will never work because even if it was widely adopted, because it's a limited resource it will suffer from inflation, so theoretically speaking one week 1 Bitcoin might buy a loaf of bread but a year later when there is another 500 million people on the planet all using that same Bitcoin then it might cost 1.5 bitcoins for a loaf of bread, year after that 2.25 bitcoins etc.  and with no way of printing mass Bitcoins there is no way of stopping inflation.

All Bitcoin will ever be is a risky gamble where you might win thousands of pounds or you could lose thousands.  It's fascinating to read about how it's made and I wonder what 'generation z' make of the environmental impact of that power used to generate them, after all it's a lot of 'generation z' that seem to think they're the saviours of the planet, so I do wonder how they would square that one.  But I think it will just be that, a fascinating thing that doesn't really do anything.