I looked up Bitcoin cash's value, it topped above $700 in August, currently ~321, so it didn't double one's holding. Nevertheless, a well timed exit would have given some extra profits. Still, it is interesting that after the fork, the value of the forked currencies are more than the previous value of the lone currency... It is like a miracle, money giving birth to more money, while increasing the supply. I think I saw similar action last time with Tesla stocks.
39 year old plans to sell everything he owns to buy bitcoin.
- Thread starter peilthetraveler
- Start date
If I'm right, then you only have to pay $500 worth of bitcoin. If you're right, then I have to pay $5,000 worth of bitcoin. You're basically getting 10 to 1 odds on a 50/50 bet. No way would I take those slanted odds even if I were a gambler.
Same happens with Stock-splits if the original $500 stock is split for 10 of $50 each, just the announcement gives the stock a boost..... as after the event the sum of 10 shares will be higher.
Well he should just sell now after making 30% in the past week and call it a day. The price is already crazy high imo and there's a long way down if it heads that way.
There is a large $10 million buy Order on Bitstamp, waiting at 5188 which didn't get filled yet... price just walks higher.
Well there's also a long way up if it hits 50k or 100k. I'm not bullish on cryptos, but I remember when apple was trading at 10 and everyone was thinking exactly the same.
Bitcoin.
..hahah a virtual currency bought using real money...
A virtual currency created from thin air...
And check out the ICO market....haha
Over 1100 cryptocurrencies now...no regulations...but wait I hear the big banks are getting in on all this cryptocurrency hype along with government... oh there goes all that that wasn't supposed to be....all there who wanted a decentralized market are only headed towards a centralized one....once there is money to be made everyone wants in.... including the big guys at the top....it was fun while it lasted....wonder what happens when the cyrprotcurrencies collapse...are they going to put in some safety stops like they do on wallstreet to protect the bulls... because it seems on the way up there is never anything to stop or slow bubbles, but on the way down during the collapse they will implement anything and everything to slow the collapse ...maybe the fed will step and yellen will introduce QE 4 once this cryptocurrency market tumbles.
..hahah a virtual currency bought using real money...
A virtual currency created from thin air...
And check out the ICO market....haha
Over 1100 cryptocurrencies now...no regulations...but wait I hear the big banks are getting in on all this cryptocurrency hype along with government... oh there goes all that that wasn't supposed to be....all there who wanted a decentralized market are only headed towards a centralized one....once there is money to be made everyone wants in.... including the big guys at the top....it was fun while it lasted....wonder what happens when the cyrprotcurrencies collapse...are they going to put in some safety stops like they do on wallstreet to protect the bulls... because it seems on the way up there is never anything to stop or slow bubbles, but on the way down during the collapse they will implement anything and everything to slow the collapse ...maybe the fed will step and yellen will introduce QE 4 once this cryptocurrency market tumbles.
Apple was on the verge of going bankrupt....no one cared for the stock...if Microsoft never pumped money into apple to give them that boost apple would have probably never existed today....
You don't need cab drivers today...today anyone bringing it up that knows nothing about investing is your red flag....this is 2017 not 1999