My small part of a Bitcoin is worth almost exactly 3 times what I paid for it at the moment, but as I only put £200 in I'm not going to retire any time soon.
Crypto currency has by default, become the one thing it was supposed to rally against. For the vast majority of investors, even those who claim to know what they’re doing, its complexity, multi formats and trading nuances require a third-party such as a broker or an exchange to manage your money. The whole point was to remove the banking and third-party element from the transaction altogether and that has become impossible hence the unregulated growth of the “smarter guy” who could do it all for you. Trouble is when that smarter guy decides he wants to do something else with your money such as shifting billions of it to his wife’s holding account it all comes crashing down! Pains me to say but I honestly think granny was right, just keep your own money to yourself in the mattress & take it out when you need it.
Taking the mickey might be more likely to deter further spam than just deleting it and is definitely much more fun. I particularly enjoyed his copy and paste advice on the need to instruct, and how to choose, a lawyer if you intend appealing a criminal conviction. Despite my 3 successful appearances in the Court of Appeal (Criminal Division), I found it absolutely fascinating and I remain humble enough to be open to guidance from others.
It certainly seems to be going crazy since the orange man got in last week! It’s gone up by 30% in under a week. Edit - just checked my portfolio, and it’s already at £67k, which is about $86k, so it’s not far off that already!
I don’t actually own any Bitcoin. All this hard wallet stuff is a bit beyond me ! I’ve invested (speculated) in a company that buys bitcoin. Looking very good at the moment.
Bought some in the early days, sold them in the early days. Was primarily interested in the background technology and while there was talk of Central Bank Digital Currencies (CBDC). The HMRC considered it gambling then (not sure if they still do) and the "profits" were considered winnings, not taxable. Not worth going near IMO once the IRS/Fed got interested and thinking it is untraceable is naive. If you use a digital wallet or bank account (Revolut) to purchase, hold or sell, you have created an immutable and perpetual link between your Fiat (real money) account and the blockchain.
Couldn't help but google HMRC +crypto https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual/crypto20000
