BITCOIN as an alternative to regular currency

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poklius
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damn
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Orixian
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Massive buying opportunity if you can call the floor on this. Absolutely nothing has changed with the fundamental technology. Also I suspect in the long run the decentralised exchanges that are currently being developed will bypass all the regulations China is passing as no single group owns them so can't be pressured by the government. Question now is when to buy, whats the level if you remove the Chinese hype traders from the market and your left with just those who believe in the technology?
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megarain
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$3000 was a pretty key support level, and it broke thru, to $2960, and has retraced, to $3300.

Its as volatile an 'asset class', as there probably is out there.

I would be tempted to buy at $1000 - but, not at current prices - which, could be an epic mistake, but, the fundamental question, of how to empirically value crypto currencies, still remains + u now have some respected business leaders, saying its a crock of shit.

At least IG have reduced bid/ask spread to 10 pips, now its in the $3300 area.
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Orixian
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megarain wrote:
Fri Sep 15, 2017 1:47 pm
$3000 was a pretty key support level, and it broke thru, to $2960, and has retraced, to $3300.

Its as volatile an 'asset class', as there probably is out there.

I would be tempted to buy at $1000 - but, not at current prices - which, could be an epic mistake, but, the fundamental question, of how to empirically value crypto currencies, still remains + u now have some respected business leaders, saying its a crock of shit.

At least IG have reduced bid/ask spread to 10 pips, now its in the $3300 area.
Jamie Dimon is not respected when it comes to bitcoin. As leader of a large bank he has every interest in seeing a wealth transfer mechanism outside the global banking system fail as it would take business from them. I'm not certain I'm going to let the head of a bank that has paid out over $20 billion in fines since 2008 tell me what is and isn't fraud either. Ill be in again at 2k and Ill be headed straight for my wish list of alt coins.
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ruthlessimon
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workpeter
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Warren Buffet:

On bitcoin: "Stay away from it. It's a mirage basically," Buffett said on CNBC in 2014.
"The idea that it [bitcoin] has some huge intrinsic value is just a joke in my view," he added.
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Euler
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A Crypto Fund King Says Bitcoin Will Be the Biggest Bubble Ever

Mike Novogratz is reinventing himself as the king of bitcoin.

The swaggering macro manager who flamed out at Fortress Investment Group LLC is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies. Novogratz will put up $150 million of his own money and plans to raise $350 million more by January, mainly from family offices, wealthy individuals and fellow hedge fund managers, said a person familiar with his plans.

https://www.bloomberg.com/news/articles ... hedge-fund
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Euler
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marksmeets302
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Replace the word start-up with ICO and it's 2000 all over again
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Euler
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marksmeets302 wrote:
Fri Sep 29, 2017 7:21 am
Replace the word start-up with ICO and it's 2000 all over again
I agree, just waiting for the office cleaner to ask my advice on Bitcoins
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marksmeets302
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Euler wrote:
Fri Sep 29, 2017 7:29 am
I agree, just waiting for the office cleaner to ask my advice on Bitcoins
Hmm. I'm not kidding: earlier this week I was speaking to customer support of my cable company. I don't know how we got there but at one point the guy asked me if was also (as in: just like him) trading bitcoins. Furthermore I can show you three e-mails I received the past two weeks from friends asking me to "make a bot that trades bitcoin". They all suggested we could split the profits. Then last week there was this man I spoke to at the gym who was in the mortgage advisory business and now contemplating to give up that job and instead go full speed ahead with bitcoins. And ethereum and ripple I must add, because evidently this man knew his cryptos.

I say run like hell :-)

EDIT: according to one of my sons three of his classmates have loaded up on bitcoin as well. Don't run, take the car.
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megarain
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EDIT: according to one of my sons three of his classmates have loaded up on bitcoin as well. Don't run, take the car.

genuine lol .. v good
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Euler
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Hash Power – A Documentary on Blockchains & Cryptocurrencies

Welcome Hash Power, an audio documentary that explores the world of blockchain and cryptocurrencies with leaders in the field including Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam, Ari Paul, Juan Benet, Muneeb Ali, Peter Van Valkenburgh, Jeremiah Lowin, Jameson Lopp, Jordan Cooper, Josh Seims, & Charlie Noyes.

http://investorfieldguide.com/hashpower/
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marksmeets302
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Funny thing with the mtgox failure: now that the price of bitcoin has exploded once again, the trustee has more assets than liabilities. That's something you don't see very often with bankruptcies. His idea is to give the surplus back to the shareholders. That's right, the same ones that are charged with fraud and caused the disappearance of millions (now billions) worth of bitcoin.
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Euler
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That is hilarious.

This feels so much like the dot com boom to me. Who knows how high it will go!
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