I havenāt made an argument I have asked a question.
Judging by itās price volatility it varies between hyper inflation and extreme deflation.
Itās a store value only if goes up. If you wanted to spend your store of value post a 50% fall it would not meet the definition of a store of value.
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When you donāt have access to a bank account.
Perhaps people living in a third-world country will have a different perspective based on their needs. After all, something can be perceived as good or bad depending on our individual circumstances. Someone who was once poor and happened to become wealthy through it probably has nothing to complain about. Similarly, if you lack access to a bank and live under a weak economy, then maybe Bitcoin is a solution for you. However, this may not necessarily be a positive solution in various places and for different reasons. Therefore, I believe that what ultimately matters is the individualās needs.
How many friends and family do you have who own businesses or are self employed?
Hint - none of these people with large pots can ever consider freetrade without employer sipp contributions
Since Iām not from around here, I havenāt had the chance to meet many people like you probably have. Most of the people I know are just colleagues from work.
In Africa and south America 50% of people are unbanked. They use apps to load money onto there phone. To receive payments and make payments.
They are the least likely to use bitcoin or crypto in general.
Thatās without taking into account the price
Ā£57,354.02 = 1 bitcoin.
Is it?
Vast increases in the money supply post financial crisis and constant low inflation with the main worry being deflation.
Japan has spent 30 years struggling with deflation. No matter how much money they printed they still struggled with deflation.
The present inflation has nothing to do with printing money.
So your basic argument for bitcoin has not a speck of fact backing it up.
I find it great that they have an alternative. I read that there are approximately 1.7 billion unbanked people around the world. Thatās a pretty high number for the current times, imo.
There are economies in a state of hyperinflation and poverty making massive use of crypto, as is the case in Argentina and Venezuela
So, as I mentioned above, this can be either good or bad, depending on each personās needs.
Ok so trillions of economic stimulus had no effect on inflation?
Based on all your responses on this forum you have no intention of listening to any opinions other than your own so good luck with your investing.
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Itās meant to be a currency not an investment.
If you buy dollars on the hope that it will rise against the pound thatās not investing itās gambling.
Good luck with your gambling.
As I have proven based on the fact it didnāt result in inflation.
I am sure there is but itās not the unbanked poor using crypto.
Thatās what the article I left says. I suggest reading it. Now Iāll leave this conversation because the purpose of this topic is to discuss Freetradeās competitors.
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212 just introduced a new version of their web app with better charts.
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Come on freetrade!
What is happening with your web page work?
Team & CTO has gone silent about this!
Wake up
Do something
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Always go quiet its really annoying now im going to have to move at somepoint
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Bravo again T212 more features, terrific platform. In a different league to FT.
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Be aware itās a beta version, so there might be some bugs. Anyway, itās good to see the brokerās improving what they already have. Probably in response to the Robinhood launch?
Really think freetrade dont care about users anymore
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lol, how funny 212 seems to be at light speed this year so far next is SIPP and lifetime isa plus jsa
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