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  1. johnarb

    Buffett and Gates are becoming frightened of Bitcoin. Tell people to stay away.

    Bro, it's not happening. This is not high school :finger:
  2. johnarb

    Buffett and Gates are becoming frightened of Bitcoin. Tell people to stay away.

    It's inappropriate to ask that kind of question on a public forum unless the person voluntarily discloses it (i.e. a journal listing the numbers). I have disclosed in one of my posts that I will hold and not sell the equivalent of 20 bitcoin in cryptos no matter what until next year so that...
  3. johnarb

    Buffett and Gates are becoming frightened of Bitcoin. Tell people to stay away.

    Hoi retired as he said he was/is 70+ yo. He did hint he was going to retire in a few posts as his target for btc was $7K and was hit.
  4. johnarb

    Buffett and Gates are becoming frightened of Bitcoin. Tell people to stay away.

    I started buying bitcoin in 2013 (which may sound like a great time to get long, it wasn't). My first buy, the price was $100 and btc had sharp upside move then to $1200 and then experienced a bear market for over 1.5 years bottoming at ~$165 in 2015. My last purchases of btc was in the $1000's...
  5. johnarb

    Buffett and Gates are becoming frightened of Bitcoin. Tell people to stay away.

    Buffett is very very smart (dare I say a genius) and calculating when it comes to investments. He did not invest in Tech companies during the Nasdaq bubble as they were in hyper-growth and priced in PEG terms. He likes insurance companies, banking, and stable dividend companies like Coke. He's...
  6. johnarb

    The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers

    Why do you think there's a liquidity problem?
  7. johnarb

    The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers

    https://www.bloomberg.com/news/articles/2018-05-09/bunkers-for-the-wealthy-are-said-to-hoard-10-billion-of-bitcoin
  8. johnarb

    Bitcoin Sees Wall Street Warm to Trading Virtual Currency

    https://www.nytimes.com/2018/05/07/technology/bitcoin-new-york-stock-exchange.html "The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York...
  9. johnarb

    Goldman Sachs to Open a Bitcoin Trading Operation

    Yes, I'm a proponent of bitcoin as a store of value. The currency aspect is a bonus in my view. I think that fair value for bitcoin as an asset class store of value is to capture ~1 percent of total worldwide assets (Gold is ~3 percent). That would put the valuation of bitcoin at $2.8T with...
  10. johnarb

    Goldman Sachs to Open a Bitcoin Trading Operation

    https://mobile.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html
  11. johnarb

    Why an Investor Is Predicting Bitcoin Could Hit $700,000

    The quantitative research has already been presented by Thomas Lee of Fundstrat Global Advisors. We'll just have to wait if it comes to fruition.
  12. johnarb

    MARKET NEWSBinance Is Now More Profitable Than Deutsche Bank

    https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html
  13. johnarb

    MARKET NEWSBinance Is Now More Profitable Than Deutsche Bank

    8 months in operation vs 148 years 200 employees vs 100,000+ https://hacked.com/binance-is-now-more-profitable-than-deutsche-bank/
  14. johnarb

    Why an Investor Is Predicting Bitcoin Could Hit $700,000

    Where were you when Baron started the bitcoin thread in October 2013 and more importantly, will you still be posting about bitcoin when it makes new all time high's? Newsflash, bitcoin bubble has burst many times.
  15. johnarb

    Why an Investor Is Predicting Bitcoin Could Hit $700,000

    I do not know when (or if) bitcoin will ever hit $700,000. Currently, bitcoin is being called a bubble at $9,000, and at $150B, many of the central bankers are dismissing it as insignificant. I'll answer your question in a different way. I will be very happy when bitcoin hits $50K this year and...
  16. johnarb

    Why an Investor Is Predicting Bitcoin Could Hit $700,000

    http://fortune.com/2018/04/25/bitcoin-price-prediction-john-pfeffer/
  17. johnarb

    Bitcoin Price Thread

    Lost my shirt? :D
  18. johnarb

    Bitcoin Price Thread

    Relax, bro. I was not talking to you and I don't care about what you think. I was responding to a post who was equating 0 value to bitcoin vis a vis gold. I provided proof that one of the biggest retail vendor of gold and precious metals accept bitcoin so 1 bitcoin is worth over 5 ounces of...
  19. johnarb

    Here is why owning some Bitcoin now makes sense

    Sorry, didn't mean to assume everyone knew the primary reasoning behind bitcoin. Satoshi was disgusted with the financial collapse brought about by bankers/wall street which needed a bailout at the expense of everyone (worldwide) through the printing of trillions upon trillions of fiat...
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