Bitcoin is too volatile to be taken seriously

Quote from Hoi:

USD can used for money laundry, therefore, it will be in the best interest of governments to destroy it.

:) :)
More...

Think about an accountant having to explain to the cartel boss that while laundering his money bitcoin dropped by half...:D
 
Quote from Trader.Fighter:

Yes, obviously, but not like this, the lack of control is staggering.
More...

exactly how is money being laundered with bitcoin? Im really asking that dumb question.

How does dirty money go into that system and come out clean?

it goes in dirty and stays in side dirty??
 
I agree. The entire point of laundering money is to get money into the banking system not to bleed it out. If one wanted to make the case that bitcoin is an easy way to move money accross borders with little or no risk (except for volatility risk) that holds up. That said your counter party needs to be amenable to accepting payment in a such a volatile "currency". Most of the time people want to paid in something they understand and that is a widely accepted medium of exchange. While the US Dollar may not be the best as a long term store of value it is unbeatable as a medium of exchange. It is unquestioned everywhere in the world. It is the universal medium of exchange.

Quote from ElCubano:

exactly how is money being laundered with bitcoin? Im really asking that dumb question.

How does dirty money go into that system and come out clean?

it goes in dirty and stays in side dirty??
More...
 
Stop arguing kiddos, I want a lollipop for my 1200 top/crash call. Right now it is 880...

As long as you can time it, who cares if it is a Ponzi or pyramid?? :)

Edit: At 860 now I would buy it for a bounce back to 1000....
 
Quote from Pekelo:

Stop arguing kiddos, I want a lollipop for my 1200 top/crash call. Right now it is 880...

As long as you can time it, who cares if it is a Ponzi or pyramid?? :)

Edit: At 860 now I would buy it for a bounce back to 1000....
More...

volatility is a traders dream...(not that good for a currency, but to be expected as we are still on the left-side of the S-curve).

I personally hope it will fall a bit more, to buy even cheaper..but I guess Monday the big guys will not let that happen.
 
Quote from Hoi:

volatility is a traders dream...(not that good for a currency, but to be expected as we are still on the left-side of the S-curve).

I personally hope it will fall a bit more, to buy even cheaper..but I guess Monday the big guys will not let that happen.
More...

But there is no leverage for the trader, and the novelty will wear off soon. For now Bitcoin will be a temporary speculative tool for traders and not a real currency.
 
Quote from FXforex:

But there is no leverage for the trader, and the novelty will wear off soon. For now Bitcoin will be a temporary speculative tool for traders and not a real currency.
More...

You don't need leverage with these huge jumps up and down....and as I said: we are still on the left-side of the S-curve...only when we enter the right-side it will behave as a real currency (which will take some more years....so enjoy the ride...).

(If you don't know what an S-curve means: please read one of my previous posts..)
 
Quote from just21:

You can short it, you can trade binary options on it, spread bet and cfd's available in london on margin.
More...

Just21,

Can you provide some suggestions regarding spreadbetters / CFD providers / binary options providers?
 
You must log in or register to reply here.
Back
Top