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  1. johnarb

    Two Bullish Signs For Bitcoin

    There was a selloff right after btc touched $5K for a couple of weeks or so all the way to ~$2.6K when China announced a ban or something...
  2. johnarb

    Could bitcoin become the next Swiss bank account?

    Regulations are fine. In fact, they help to legitimize bitcoin and will prevent a USG ban. This will help to increase the value of bitcoin many folds and could compete with Gold as a store of value/investment vehicle. Gold's valuation is $9 Trillion and bitcoin is at $150 Billion. In my...
  3. johnarb

    Could bitcoin become the next Swiss bank account?

    I very much prefer for bitcoin not to be banned. It is very easy to eat at restaurants, pay for hotel rooms or plane tickets, purchase coffee, groceries, computer and electronics items, clothes, shoes, and a slew of other stuff using bitcoin through the use of a payment processor (i.e. Bitpay...
  4. johnarb

    Could bitcoin become the next Swiss bank account?

    A ban on bitcoin by the USG would be devastating. I experienced the US ban on online poker. At the present time, a US ban on bitcoin is very unlikely in my opinion. The recent developments suggest a path to more regulations legalizing the use of bitcoin and to be able to track the users and...
  5. johnarb

    Could bitcoin become the next Swiss bank account?

    The volatility on Monero $ value is crazy. It gets exacerbated by the volatility of bitcoin/$ as they most often go in the same direction (up or down). In January of last year, Monero was around $11'sh and at the height of bitcoin price, it hit $450'sh. Just yesterday, it was around $370 (as it...
  6. johnarb

    Could bitcoin become the next Swiss bank account?

    I think we all agree on Monero. For the uninitiated: https://getmonero.org/ Monero community-fund their development using its cryptocurrency and has 2 full-time PhD Mathematicians, Surae and Sarang Noether (refer to the section FFS, Forum Funding System and the MRL, Monero Research Lab, for...
  7. johnarb

    Could bitcoin become the next Swiss bank account?

    https://www.foxbusiness.com/markets/could-bitcoin-become-the-next-swiss-bank-account I don't understand the part of setting up an international corporation for handling the bitcoins, but... I have mentioned that bitcoin is like a Swiss bank account, as it doesn't require any personal...
  8. johnarb

    Bitcoin Price Thread

    In my opinion, bitcoin will hit $50,000 per coin before the end of 2018. [Oops, need to put context on the attachment by a famous author. I will be holding no less than the equivalent of 20 bitcoins in my cryptocurrencies portfolio from now until 2019]
  9. johnarb

    Bitcoin Price Thread

    Apparently, Mt Gox trustee has been selling hundreds of millions $ worth of bitcoin which was why bitcoin price seemed to go down hard every time it was on an uptrend...
  10. johnarb

    Announcing Coinbase Index Fund

    That's a very good point and I honestly didn't know about that until your post. My main concern with the Coinbase Index fund is that it doesn't represent the other sectors in the cryptocurrencies universe in the same way an S&P 500 index fund currently does. To be fair, Coinbase will be listing...
  11. johnarb

    Announcing Coinbase Index Fund

    https://blog.coinbase.com/announcing-coinbase-index-fund-3925fbf548db
  12. johnarb

    FOR SALE Approximately 2,170 bitcoins

    I was going to say the same thing, but glad someone else mentioned it. There is value in buying in a big batch as the order book on exchanges will be significantly affected by a large buy order or sell order. The volume is much bigger now than during their past sales, so this may not be the case...
  13. johnarb

    FOR SALE Approximately 2,170 bitcoins

    Most government agencies are non-profit. Ask someone you know who works for the US government and you'll get the same answer. No one gets a bonus just because the DMV makes more money from issuing record number of driver's licenses or vehicle registrations...
  14. johnarb

    Two Bullish Signs For Bitcoin

    Bitcoin is at $200B (much less, really, as there are so many lost private keys). Gold is $9 Trillion (from the Fundstrat slide). I don't think you watched that video presentation by Thomas Lee, did you?
  15. johnarb

    Two Bullish Signs For Bitcoin

    Bitcoin cannot go up with the same amount of percentage returns it has done in the past, but it can go up 5x from here which I don't think Apple or Amazon can do at this stage of their cycle. Moreover, if we experience another financial system crisis due to the massive printing that has been...
  16. johnarb

    Two Bullish Signs For Bitcoin

    Bitcoin has evolved over the years and from my point of view, it has been great. I bought the bulk in 2013 (and was also a bitcoin miner for many months). Bitcoin price went all the way up to $1200 only to experience a bear market that seemed to have no end in sight (it bottomed in 2015, but did...
  17. johnarb

    Two Bullish Signs For Bitcoin

    We all have our opinions on the future of bitcoin and obviously I'm biased as my investment portfolio is 100% cryptocurrencies. I posted the Upfront presentation by Thomas Lee that featured detailed research on bitcoin that I feel I should post here as this thread seems to be getting more...
  18. johnarb

    An Overview of Bitcoin

    What is cryptocurrency? https://www.today.com/video/what-is-cryptocurrency-and-should-you-risk-your-money-with-it-1176396355663
  19. johnarb

    Two Bullish Signs For Bitcoin

    CNBC took notice of the "hedge against market turmoil using bitcoin" narrative: https://www.cnbc.com/video/2018/03/02/is-bitcoin-a-hedge-against-the-trade-war-one-fm-trader-thinks-so.html
  20. johnarb

    Two Bullish Signs For Bitcoin

    I've always been on the camp of store of value for bitcoin and if bitcoin continues to perform in this regard, the future is looking very good. https://www.forbes.com/sites/panosmourdoukoutas/2018/03/02/two-bullish-signs-for-bitcoin/#23603aef6383
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