Will try to post the message in this thread as well:
What platform do you guys recommend for buying Bitcoin? Iām having trouble adding the card on Coinbase - customer service doesnāt reply over a month ā¦ looking for an alternative.
Thanks!
I frequently had issues with Coinbase. Bitstamp I have never had a problem with, and theyāre EU based and regulated, so keeping it local appealed to me!
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If you genuinely believe this, then I honestly canāt help you if you canāt interpret this text from
first principles and apply it to BTC. Great chat though, one of the better engagements Iāve had on this forumā¦ healthy debate.
Yes, but remote = improbable. The same applies to any bell weather stock going to zero, or any solid asset. Bitcoins lower bound this year was ~Ā£3k during a black swan event of Covid induced lockdown. Since then itās rallied hard. Itās literally not going to zero unless the internet shuts down permanently.
Binance, they have a fantastic app too (both a Lite and Pro toggle). DM me for a referral link.
Thanks! Any major differences between Bitstamp and Binance?
Each to their own so. Iāve done my research and am happy with my conclusions. Best of luck with Bitcoin but Iāll be staying well away as it doesnāt make any sense from any financial stand-point. I will do some swing and day trading on it as I have done in the past however to make a quick few quid.
Either way, a store of value needs to not depreciate. It canāt be both a store of value, but also depreciate and potentially go to 0. That doesnāt make sense.
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Bitcoin has never depreciated, it appreciates. Has it fluctuated like any other floating currency or asset, including the dollar? Yes. But has its purchasing power declined? No!
Youāre really not grasping probabilities. Thereās a remote chance that any asset can go to zero, so your last paragraph makes zero sense. I even gave the example this year that a black swan event of a Covid induced lockdown didnāt bring Bitcoin anywhere near to zero.
Likewise. Itās all about the money 
Absolutely itās appreciated. But for literally no reason other than being self propelling.
Hereās where utility comes in though. Take the classic store of value, gold. For one it has scarcity, but it is also needed in much of the technology that we use. Likewise with other precious metals. As long as it has that utility, itāll be fine. Bitcoin just doesnāt have that.
Also itās unique in the sense that it is playing judge, jury and executioner. Bitcoin created itās own utility and is essentially saying āmy utility is the fact that Bitcoin can be transferred on the Bitcoin networkā. Well, great, but nobody wants to get paid in something that volatile. Not to mention that it is totally unnecessary. All the major financial players are doing research into blockchain so it could be the case that dollars, pound etc will be transferred on blockchain, killing Bitcoins utility.
I know very little about crypto Iāll be completely honest.
Iām curious though, if this gain some legs and become less volatile and can be used in the future for an āeveryā currency, for say groceries etc; is there a risk that Uncle Sam will want his slice of it? This, defeating the decentralised ethos that Bitcoin currently has?
I just canāt see how governments wouldnāt get involved in some fashion if they arenāt getting VAT etc off of items if itās widely used.
EDIT: it just seems to be used as an asset at the moment and another thing to trade.
HMRC details itās view of CRYPTOASSETS; with a little more research and less baseless opinions retail investors would be able to appreciate BTC, itās utility and the opportunity (but all I see is armchair experts who are in reality noobs doing a lot of misleading commentary):
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I come in peace and have never claimed to be an expert either.
Nonetheless, thanks for the link Iāll give it a read 
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I assume this is directed at me. Out of curiosity, what are your credentials that make you an expert?
I currently work for a financial company, and previously worked for a tech company which did R & D in blockchain. Iām not making baseless claims or giving baseless opinions!
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Sorry but I just canāt take you seriously after this:
Iāll take that response to mean āzero credentialsā then.
All youāve proved is claimed ācredentialsā donāt correlate with understanding, but again letās agree to disagree on this whole topic of Bitcoin and move on 
Iām just showing you that what Iām saying is not unfounded but from a professional and academic stand point. Iām just curious as to what your credentials are that make you an expert is all!
And Iām still waiting to hear from any user a good reason why Bitcoin is a sensible investment and one not driven on nothing but hype. Nobody can provide one! Iām open to being converted!
Anyway, bottomline because tomorrow is a new day and Iāll be damned if Iām picking this back up:
I really like blockchain; and I really enjoy making money and want all users on this forum to do so as well. I donāt like gambling however, and investing in Bitcoin is exactly that. Between this thread and another, we have determined for various reasons why it is not a store of value and why it has no meaningful or useful utility.
My take-home point that sparked all this off is that it is not rational investing. If youāre happy with that, great. You may get lucky and make some more cash. Even in that event Iāll sleep happy knowing that I didnāt gamble my cash. Hopefully some other users will read this and understand the same.
And lastly, I probably will buy and sell Bitcoin again in future, as it is so volatile it is good for day and swing trading.
Speak for yourself. You have determined; I agree with nothing youāve said which is evident from the above discourse.
All conclusions based entirely on your comments and our discussion above. Iām still open to be given (at this point) literally even 1 reason why it is a rational investment! Oh and still curious as to your credentials btw 
No utility, no store of value. Purely speculative and hype driven. Therefore not a rational and sensible investment instrument. If you do invest and it goes up, well done. I donāt gamble however. If i can be told otherwise Iām all ears!
One shared from another user
Yet you TRADE Bitcoin 
while getting ripped off by Coinbase and Bitstamp because your newbie self with supposedly great ācredentialsā didnāt even know about Coinbase Pro nor Binance would be an order of magnitude cheaper. I honestly canāt take you seriously at all.