by hussamabd » Tue Nov 07, 2017 1:46 am
by DetroitMuscle » Wed Oct 11, 2017 1:32 pm
YaTingPom wrote:Startups are getting funding from bitcoin holders. This does away with traditional funding mechanisms without due diligence. It's like Crowdfunding but with more capital. (Anyone for Lily drones?)
It's interesting you use the word "investment". Most fans of crypto (and in particular Bitcoin) go to great lengths in explaing the technology behind it (block chain), the decentralised ledger that no one owns (which begs the question why do these people certify each transaction for free?) and it's the future of currency blah blah.
They are in it to make cash profits. Most don't give a rat's arse about the "future" just as long as the price goes up!
It'll end in tears. (not necessarily because of crypto but because of the debt ridden economies)
by YaTingPom » Tue Oct 10, 2017 10:04 am
by Phuket2006 » Tue Oct 10, 2017 9:34 am
by TristranandIsolde » Tue Oct 10, 2017 9:14 am
by Phuket2006 » Tue Oct 10, 2017 7:54 am
by DetroitMuscle » Tue Oct 10, 2017 2:46 am
YaTingPom wrote:I've been reading about a proposal to start a Bitcoin ETF (*Exchange Traded Fund) by the Vinklevoss Bros (The ones who tried to take control of Facebook) which was rejected in March 2017. It is being reviewed by the SEC (* Securities Exchange Commission) and all insiders - both negative and positive - think it is inevitable that someone (there are multiple groups trying to set up a crypto ETF) at sometime will get an ETF approved.
That means that the relatively small market cap that Bitcoin has could be huge within 12 months. This will no doubt boost the price of Bitcoin, if it gets approved, but some say that it has already been priced in.
If there is a financial crash within the next two years then even if you do not own Bitcoins you will be effected.
Here are some links for and against.
http://www.etf.com/sections/features/23 ... nopaging=1
* ETF - This means that anyone who trades (Stocks and Shares) will be able to invest in Bitcoin (including large institutional investors - Blackrock, Vangaurd, Social Security Trust Funds!). It will also eliminate the need for storing and securing your Bitcoins since you don’t own the currency itself. Kind of defeating the object of the blockchain.
*In 2004, the US Securities and Exchange Commission relaxed the net capital rule, which enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages. The SEC has conceded that self-regulation of investment banks contributed to the crisis.
by YaTingPom » Mon Oct 09, 2017 9:03 pm
by DetroitMuscle » Tue Oct 03, 2017 4:47 am
RobW wrote:Funnily enough, Detroit, I just decided to take the plunge on this last night when I saw AXA was looking at using Ethereum.
Will bung something at it I can afford to lose and see what happens.
Still smarting from not taking a friend's advice on Bitcoin in 2010. I guess he's a billionaire now as I never hear from him.
by YaTingPom » Mon Oct 02, 2017 12:59 pm
by RobW » Mon Oct 02, 2017 12:56 pm
by DetroitMuscle » Mon Oct 02, 2017 11:50 am
by Alex » Sat Sep 02, 2017 1:32 pm
I never took these things seriously. Idiot (me).
by RobW » Fri Sep 01, 2017 8:37 pm
ricecakes wrote:I shorted the fuck out of BTC @ $2850
the fork is here and it ain't going to be pretty.
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