bitcoins

[Yakoo752]

CME and CBOE will list bitcoin future very soon. What more do you need to see to prove to you that this tech is here to stay?

I don’t think people are opposing the tech.

Commercial investors just saw how much money could be made in bitcoin. They will slaughter retail investors. The only people that make REAL money in the game is the volume commercial investors.

Retail sitting on stop losses are in for an incredibly rocky year as commercial guys take their money

Ps: I doubt they just saw. It’s probably been on their radar for a while. Be shocked if they were sitting back waiting on retail to make it worthy for them to enter

 

[jt2]

When this thread was started the price per bitcoin was approximately $1000. Its up 1000%. I have no doubt that in 2018 it will go up at least another 100 to 200 percent. This post will serve as posterity. Goldman Sachs is buying bitcoin for christ sake. JPMORGAN CHASE is buying bitcoin. Some of you will go to your grave hating on bitcoin because you WILL miss this opportunity. CME and CBOE will list bitcoin future very soon. What more do you need to see to prove to you that this tech is here to stay?

JPMorgan - the guys that brought you the 2008 crash by pawning off fraudulent and wildly speculative MBS. There's a ringing endorsement

Not to mention that I believe they're just offering clients the option to trade futures, not actually buying the stuff.

Also not to mention a few choice quotes from Jamie Dimon (JPM CEO):
- "(the Bitcoin bubble) is worse than tulip bulbs"
- "It'll eventually blow up... It's a fraud"

The tech (Blockchain) absolutely is here to stay. There may be a future in crypto-currencies based on that tech. But the odds that it is Bitcoin that is that currency are highly uncertain.

 

[jt2]

They will slaughter retail investors. The only people that make REAL money in the game is the volume commercial investors.

This, right here. Speculating on this kind of bet is jumping right into a shark tank.

 

[RightCoastBias]

The tech (Blockchain) absolutely is here to stay. There may be a future in crypto-currencies based on that tech. But the odds that it is Bitcoin that is that currency are highly uncertain.

This, so much this.

It's only a matter of time before corporations come in and make their own coin. Bitcoin is doomed to fail, in my opinion. I've made some money off of it for sure, but I've transferred those profits into coins I think are more sustainable and likely to be around longer.

 

[Yakoo752]

Blockchain IS NOT ABOUT THE “COIN”

 

[Removed 3]

i don't think i will go to my grave hating something i didn't understand. i had never been one interested in volatile investments in the first place.

emotions are running high on how much money can be made on crypocurrency. to me, that is a red flag.

Blockchain technology in health care and banking industries is another matter.

Sounds like the stock market. How many investors really know about the companies they invest in with their money? How many people truly understand where their money goes in a 401K. They just know it is "supposed" to make money over time.

With a 401(k), your savings and earnings will grow over time tax deferred. You can be conservative in choosing your asset allocation. It doesn't have to be all in stocks/mutual funds. There are stable funds or safer alternatives on the menu, of course, that have shown to return lower yields. And with an employer match, you are getting free money, a bonus. The key is compounded interest over a long period of time before you retire.

 

[RightCoastBias]

Blockchain IS NOT ABOUT THE “COIN”

If you're developing a decentralized network, ie Ethereum, you need a miner network to sustain it and keep the integrity of the blockchain. To incentivize them, you need to pay them, hence a coin.

I'm not interested in centralized blockchain solutions.

At this point at least, the blockchain is very much about the coin.

 

[Yakoo752]

If you're developing a decentralized network, ie Ethereum, you need a miner network to sustain it and keep the integrity of the blockchain. To incentivize them, you need to pay them, hence a coin.

I'm not interested in centralized blockchain solutions.

At this point at least, the blockchain is very much about the coin.

Yes but the speculation on the coin is unnecessary. You just need to coin to offset the expense.

It’s all about who’s chain tech will be adopted. I don’t see most adoption coming from a tech (bitcoin) thats hyper speculative

It’s not going on CME/CBOE so people can play long games with it

 

[RightCoastBias]

Yes but the speculation on the coin is unnecessary. You just need to coin to offset the expense.

It’s all about who’s chain tech will be adopted. I don’t see most adoption coming from a tech (bitcoin) thats hyper speculative

It’s not going on CME/CBOE so people can play long games with it

I agree wholeheartedly.

I think we may see a few different chains survive, but they'll offer a value outside of speculative growth.

 

[panthera]

Not only CME and CBOE but Nasdaq is getting in on the game.http://ethereumworldnews.com/nasdaq-offer-btc-futures-2018-future-looking-good/

Once these NFX bitcoin futures materialize, it will be an incredibly legitimizing and stabilizing force for Bitcoin as a whole. ( from the article)

 

[jiffy]

With a 401(k), your savings and earnings will grow over time tax deferred. You can be conservative in choosing your asset allocation. It doesn't have to be all in stocks/mutual funds. There are stable funds or safer alternatives on the menu, of course, that have shown to return lower yields. And with an employer match, you are getting free money, a bonus. The key is compounded interest over a long period of time before you retire.

Yet there is a large majority of individuals that don't understand how they work. The reality is that a 401k can go down and lose much of it's value, there are no guarantees. Look at the 401k situation during 2008, many cashed out in a frenzy only to lose out on the gains for the past 8 years.

The point was that there are many investment vehicles that the average Joe does not understand but they invest in them blindly in hopes of a gain. Bitcoin is no different. The fact that only about 1% of the population has any Bitcoin in their portfolio is telling. Bitcoin is getting a lot of press but the adoption is still low. This could mean that with continued investment we will only see an increase the demand and price target of Bitcoin.

 

[jt2]

The point was that there are many investment vehicles that the average Joe does not understand but they invest in them blindly in hopes of a gain. Bitcoin is no different.

This is true, if you're referring to tech stocks in 1999, or real estate in 2007.

Just to be clear, I'm not being contrary just for the sake of my own enjoyment. I've seen this shit before, and seen people get caught up in in and lose their shirts.

And I can recall people making the same "it is different this time" arguments that I'm seeing around Bitcoin.

If you want to speculate, fine, speculate. Set stops and don't pin a big chunk of your net worth into it. But don't kid yourself into thinking that you're investing.

It isn't just me calling it a bubble. The list of people calling this such is long, and includes a lot of people that called the last two.

I can't think of a single respected economist or anyone with a legit investing track record calling this a solid investment.

 

[Removed 3]

Yet there is a large majority of individuals that don't understand how they work. The reality is that a 401k can go down and lose much of it's value, there are no guarantees. Look at the 401k situation during 2008, many cashed out in a frenzy only to lose out on the gains for the past 8 years.

The point was that there are many investment vehicles that the average Joe does not understand but they invest in them blindly in hopes of a gain. Bitcoin is no different. The fact that only about 1% of the population has any Bitcoin in their portfolio is telling. Bitcoin is getting a lot of press but the adoption is still low. This could mean that with continued investment we will only see an increase the demand and price target of Bitcoin.

I get what you're saying, about those jump'n on the bandwagon. Once they fall into the illusion that in the near future, there is no other direction than up, the reality that there is an inherent risk falls to the wayside.

 

[jiffy]

This is true, if you're referring to tech stocks in 1999, or real estate in 2007.

Just to be clear, I'm not being contrary just for the sake of my own enjoyment. I've seen this shit before, and seen people get caught up in in and lose their shirts.

And I can recall people making the same "it is different this time" arguments that I'm seeing around Bitcoin.

If you want to speculate, fine, speculate. Set stops and don't pin a big chunk of your net worth into it. But don't kid yourself into thinking that you're investing.

It isn't just me calling it a bubble. The list of people calling this such is long, and includes a lot of people that called the last two.

I can't think of a single respected economist or anyone with a legit investing track record calling this a solid investment.

I agree that it's speculative to invest in Bitcoin. One should not invest more than they are willing to lose in stocks, Bitcoin, etc.

The question I have is if it is a bubble and it pops how is that different than the real estate, the dot.com, or 2008 financial crisis. Wouldn't a bubble be a 30% drop but then like the mentioned bubbles they come back and surpass ATH's. Many of the tech stocks that didn't disappear are worth more today than ever before, many real estate markets have risen past the 2007 price levels, and most stocks came away from 2008 to all time new highs in 2017.

There are big investors with solid investment track records with Bitcoin holdings. Here is one list I found, there are other lists.
https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp

 

[jt2]

The question I have is if it is a bubble and it pops how is that different than the real estate, the dot.com, or 2008 financial crisis. Wouldn't a bubble be a 30% drop but then like the mentioned bubbles they come back and surpass ATH's.

That's a fair question. But what you may be overlooking is the over 5,000 companies that vaporized altogether or were acquired, leaving investors with a 100% loss. For every company that survived and made it back to their peak valuations, there were dozens that crashed and burned.

So if you bought Bitcoin early on, and are willing to ride the pop out on the hopes that is an Amazon and not a Pets.com story, you can ride it back to its current valuation.

There are big investors with solid investment track records with Bitcoin holdings. Here is one list I found, there are other lists.
https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp

Of those 5, all of them are running/investing in infrastructure, not the actual currencies.

You know who made the real money on the 1849 gold rush? The people selling things to the miners. Just like the 5 in your article.

 

[Reli]

Sounds like the stock market. How many investors really know about the companies they invest in with their money? How many people truly understand where their money goes in a 401K. They just know it is "supposed" to make money over time.

Almost everyone knows what a stock is. The same can't be said for crypto. Or blockchain for that matter. It's hilarious how many tech-dorks in the media seem to think people understand their articles when they write about blockchain. Even the articles labeled "introductory" are still written very poorly.

I doubt more than 1% of Americans really know what blockchain is and could describe it without using Wikipedia.

 

[RightCoastBias]

Almost everyone knows what a stock is. The same can't be said for crypto. Or blockchain for that matter. It's hilarious how many tech-dorks in the media seem to think people understand their articles when they write about blockchain. Even the articles labeled "introductory" are still written very poorly.

I doubt more than 1% of Americans really know what blockchain is and could describe it without using Wikipedia.

People know what a stock is, very few actually understand how it works.

But, I agree the blockchain 101 articles are likely flying above the heads of most folks. It's a pretty abstract idea.

 

[explorin]

Anything you invest in you should be able to explain it in three sentences.

The majority of new bitcoin investors don’t understand bitcoin. They saw it on CNBC and got a hard on for the YTD percentage. Yet everyone forgets about the other crypto currencies.

Ethereum is affordable, adaptable and has had great gains lately.

Good luck.

 

[Ogier le Danois]

Anything you invest in you should be able to explain it in three sentences.

The majority of new bitcoin investors don’t understand bitcoin. They saw it on CNBC and got a hard on for the YTD percentage. Yet everyone forgets about the other crypto currencies.

Ethereum is affordable, adaptable and has had great gains lately.

Good luck.

I still don’t get bitcoin.

I’d love a three sentence explanation.

 

[Entoptic]

I agree that it's speculative to invest in Bitcoin. One should not invest more than they are willing to lose in stocks, Bitcoin, etc.

The question I have is if it is a bubble and it pops how is that different than the real estate, the dot.com, or 2008 financial crisis. Wouldn't a bubble be a 30% drop but then like the mentioned bubbles they come back and surpass ATH's. Many of the tech stocks that didn't disappear are worth more today than ever before, many real estate markets have risen past the 2007 price levels, and most stocks came away from 2008 to all time new highs in 2017.

There are big investors with solid investment track records with Bitcoin holdings. Here is one list I found, there are other lists.
https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp

Btc usually has large swings so I don’t see the bubble theory applying here.

What I do see are great buying opportunities when it dips 20 - 30 percent.