Search results

  1. johnarb

    Taleb on Bitcoin

    Oh, I just posted the link and I think the paragraph was auto-selected by Medium/Taleb (sort of how the YouTube thumbnail can be set by the youtuber).
  2. johnarb

    Taleb on Bitcoin

    Short read...
  3. johnarb

    Bitcoin vs Gold as a store of value

    You're still asking the same question for the 4th or 5th time (just changing the words, slightly), it must really concern you :D I hope you'll get the answer you're looking for...
  4. johnarb

    Bitcoin vs Gold as a store of value

    Where are you getting your information from regarding the 2 items you said? https://ledgerx.com/about-ledgerx/ http://www.businessinsider.com/blocktower-capital-behind-1-million-bet-bitcoin-could-soar-to-50000-2017-12
  5. johnarb

    Closing out crypto day trades

    You mentioned USDT (tether) which is the equivalent of cash but as you mentioned it has its risks (many suspect it's not fully backed by $). I trade alts/cryptos to gain more (equivalent) btc's. I'm not a daytrader, more of a swing trader (and long term holder of one alt), so as soon as I make...
  6. johnarb

    Bitcoin vs Gold as a store of value

    See below of your recent posts and try to see if there's a pattern. It appears you're not just worried about the US government as you use the plural form in 2 of the posts. Do you think anyone here knows the answer to what the governments will do regarding cryptocurrencies? My opinion as far...
  7. johnarb

    Bitcoin vs Gold as a store of value

    Bitcoin has always been volatile since it was in the single digits, so anyone wanting to trade it long or short will have to be prepared to buckle up. Crash is relative in the cryptos world, I have one altcoin position that was down 70% a few days ago and now only down 45%. Hundreds of percent...
  8. johnarb

    Bitcoin vs Gold as a store of value

    Which government? China already banned the trading. Japan legalized bitcoin, so Japan is a no on the ban. US has approved all the futures trading on bitcoin, CME, CBOE, Nasdaq, etc. You think US going to ban bitcoin? How why did the CME and all these exchanges opened shop on the bitcoin futures...
  9. johnarb

    Bitcoin vs Gold as a store of value

    I don't hate gold and I spent a few hours a month ago looking at the different offerings at Apmex which accepts bitcoin as payment. I'm thinking of getting about a pound of gold for less than 2 btc's (edited as price of btc to $ went down), but the safety deposit box at our bank near our place...
  10. johnarb

    Bitcoin vs Gold as a store of value

    I read it and you even said bitcoin price may go up which would cause a 70% loss on your short position. So, your own words claim bitcoin at this price may go even higher. Your belief that bitcoin is worthless (worth much less) does not hold up when you have to risk capital on it. There are put...
  11. johnarb

    Bitcoin vs Gold as a store of value

    Ahhh, you have to limit yourself with gold. I got it now. Tulips had value in the past, but we don't live in the past. Currently, bitcoin is valued over $11,xxx in the markets. You think it's valued over $11,xxx or you'd be shorting even just a little. Am I missing anything?
  12. johnarb

    Bitcoin vs Gold as a store of value

    This is going to be wasted, but here goes. Bitcoin is much better than gold. You can cross any border by any mode of travel with more than $100,000 worth of bitcoin, try doing that with gold. You can send $100,000 worth of bitcoin to anywhere in the world in minutes. Try doing that with gold...
  13. johnarb

    Bitcoin vs Gold as a store of value

    Both of you are saying the same thing that bitcoin is not worth the valuation and this is a trading site where you can express your belief by taking a position in the (CME futures) markets. When you say you're afraid to short a bubble or this and that, then you're just saying that bitcoin is...
  14. johnarb

    Bitcoin vs Gold as a store of value

    Yes, I have already cashed out more than my original investment, but I'm still in the position and that doesn't mean I do not deserve the current profits or future profits.
  15. johnarb

    Bitcoin vs Gold as a store of value

    When people wish for bitcoin to become worthless and cause financial damage to holders of cryptos (myself included), it is only a natural reaction for me to want to wish the same for them and which is why I've been encouraging for the ones celebrating the recent sell off (on the bitcoin price...
  16. johnarb

    Bitcoin vs Gold as a store of value

    My friend, I failed at trading so not trying to compete with a professional trader. However, I bought bitcoin/cryptos in 2013 and risked my money knowing it could go to zero and currently reaping the rewards in the thousands of percent returns. Still holding as I still believe it's a better...
  17. johnarb

    Bitcoin vs Gold as a store of value

    You can take it in that way, but at the same time, you have to understand that people like you who talk tulip bulbs, or scams, or penny stocks are being utterly disrespectful to all the people who choose to risk and invest. It's nice that you can talk sh*t without repercussions. Put your money...
  18. johnarb

    Bitcoin vs Gold as a store of value

    If you say so. How many Bitcoin CME futures are you short, big man?
  19. johnarb

    Bitcoin vs Gold as a store of value

    Bitcoin's real use_case is as a store of value and hedge against massive printing of fiat by CB's worldwide. The currency functionality is a very nice bonus, imho
  20. johnarb

    Bitcoin Price Thread

    A scenario where the whole internet would go down even for a few days is one where we'd have other problems to deal with besides money or investments.
Back
Top