Crypto Currency Thread
Discussion
James_B said:
I came across this article today. I find it interesting but that's possibly only because it tends to agree with how I already felt about teh project.
https://bankunderground.co.uk/2018/11/13/the-seven...
That's an interesting article from the BoE, thanks for posting. Each paradox is a fallacy & I'm surprised they come from such an august institution (maybe I shouldn't be). The first three & the final one completely ignore how network protocols evolve in layers. Features are added by layering, not by replacing the entire protocol. The one on concentration assumes wallets equal users. They don't. The anonymity one argues against itself and again ignores protocol layers. The valuation one refutes the fact that all successful forms of money have 0 or near 0 intrinsic value, gold very much included.https://bankunderground.co.uk/2018/11/13/the-seven...
Who remembers Yipper...?
Behemoth said:
Yipper said:
Bitcoin has gone beyond "bubble" and is now into "mania" territory.
The mania is more intense than tulips, tech stocks, and all other major bubbles of the past ~500 years.
History shows 100% of manias collapse.
History shows that 100% of your posts on this forum are tripe The mania is more intense than tulips, tech stocks, and all other major bubbles of the past ~500 years.
History shows 100% of manias collapse.
Joey Deacon said:
Tanking again, not far off $5k now. Remember this was nearly $20k 11 months ago.......
Shaking out the weak hands, BTC is like a slingshot, it has to pull back to moon.
Etc. Etc....
Yup. Just apply all the standard penny share rhetoric and outcomes and this will pretty much define where we are at and where we are heading. Shaking out the weak hands, BTC is like a slingshot, it has to pull back to moon.
Etc. Etc....
Edited by Joey Deacon on Monday 19th November 14:04
The next phase is therefore likely to be an uplift in all the frauds being exposed if we continue along the current path.
Guvernator said:
The problem is Crytpcurrency didn't have anywhere near this kind of exposure in 2013 but by November 2017, my local newsagent was asking me how to buy Bitcoin. Lots of amateurs piled in and most would have got burnt. It's very doubtful those people will be back, ever and without the masses where is the growth for the next cycle going to come from?
As soon as the whiff of dollars are in the air all will be forgiven. Memories are short. Greed is infinite. And infinitely stupid.
snorkel sucker said:
If it really is heading back down to zero then, even for the educated and experienced trading naysayers, is there not a huge shorting opportunity to be had?
Yes and no. In theory, yes, but because there isnt much of a functioning secondary/derivatives market its very hard to do. One of the US exchanges has a futures market you can trade, but you can't go to CoinBase, for example, and sell Bitcoin you dont own.
Condi said:
snorkel sucker said:
If it really is heading back down to zero then, even for the educated and experienced trading naysayers, is there not a huge shorting opportunity to be had?
Yes and no. In theory, yes, but because there isnt much of a functioning secondary/derivatives market its very hard to do. One of the US exchanges has a futures market you can trade, but you can't go to CoinBase, for example, and sell Bitcoin you dont own.
limpsfield said:
You can trade it using CFDs through a lot of UK brokers. The leverage available has been wound right back in recent months but it is easy to short if you were so inclined. It's such a crazy market though it could easily spike up $1,000 in the blink of an eye before crashing back down again.
Which brokers? Condi said:
limpsfield said:
You can trade it using CFDs through a lot of UK brokers. The leverage available has been wound right back in recent months but it is easy to short if you were so inclined. It's such a crazy market though it could easily spike up $1,000 in the blink of an eye before crashing back down again.
Which brokers? I wouldn't trade it personally as it is ridiculous in my view, but easy enough to do if you were so inclined.
I think you only get 2x leverage so buying one bitcoin at $4,400 you would still need to tie up $2,200, so it is very different to a year ago.
I would guess volumes are right off as the easy money of the second half of 2017 is long gone.
There are far more sensible markets out there - i.e. virtually every other one!
I would guess volumes are right off as the easy money of the second half of 2017 is long gone.
There are far more sensible markets out there - i.e. virtually every other one!
limpsfield said:
I think you only get 2x leverage so buying one bitcoin at $4,400 you would still need to tie up $2,200, so it is very different to a year ago.
I would guess volumes are right off as the easy money of the second half of 2017 is long gone.
There are far more sensible markets out there - i.e. virtually every other one!
Yep, only 2x leverage on cryptos since ESMA waved their magic wand. 5x on stocks. I wonder if this will revert to the old rules after Brexit?I would guess volumes are right off as the easy money of the second half of 2017 is long gone.
There are far more sensible markets out there - i.e. virtually every other one!
DonkeyApple said:
Yup. Just apply all the standard penny share rhetoric and outcomes and this will pretty much define where we are at and where we are heading.
The next phase is therefore likely to be an uplift in all the frauds being exposed if we continue along the current path.
The next phase is therefore likely to be an uplift in all the frauds being exposed if we continue along the current path.
"Bitcoin-Rigging Criminal Probe Focused on Tie to Tether"https://www.bloomberg.com/news/articles/2018-11-20...
Behemoth said:
The valuation one refutes the fact that all successful forms of money have 0 or near 0 intrinsic value, gold very much included.
You think gold has no uses? What about in electronics or heat shields for example?May I ask, at what point would you admit that you were wrong and I was right? I’d be wrong if Ford started paying its staff in bitcoin and I could get a mortgage in it but I get the impression that you are so convinced that literally nothing could shake your conviction.
Gassing Station | Finance | Top of Page | What's New | My Stuff