Bitcoin Price Thread
- Thread starter Magna
- Start date
I rarely traded it. The last time I traded it was months ago.
BTC is one of the worst futures to day trade.
its volume is pathetic and day range rather small.
There are many other more tradeable futures to day trade.
Not me!
https://www.bloomberg.com/amp/news/...surge-study-says?in_source=amp_trending_now_3
A lone whale might be responsible for the 2017 price surge.
A lone whale might be responsible for the 2017 price surge.
This is what I dont get Crypto / Fintech are buzz words OK but at the end of the day one has to exchange a real currency to get in to this. AND if so then any crypto product/ Exchange etc is dealing with a FINANCIAL PRODUCT no BS about that
If this is correct then why on earth do regulators don;t regulate it same way as they regulate ALL other financial products including OTC product!
Reason ?
A) Regulators are lazy or dumb
B) Regulators were taking a giant nap when all this happened
( YES regulation is not everything and we should have dog eat dog situation etc and second thing I am talking about the hundreds of Crypto currencies and NOT about the technology,
The third thing is a as pure speculator if I cna handle the volatility then I would be all for such a product as long as the exchange is not a tin pot 2 room operation )
I go to Fintech seminars / start up meetings and there anything with word crypto buzzword gets immediate attention and applaud and it looks like people are willing to fork out hard earned money in a jiffy
Where as an IPO is scrutinized left right and center, and IPO require thousands of $ to start an ICO a 2 page whitepaper does the job
In both cases one has to let of of the real world currency
Dumb regulators and dumb greedy investors
If this is correct then why on earth do regulators don;t regulate it same way as they regulate ALL other financial products including OTC product!
Reason ?
A) Regulators are lazy or dumb
B) Regulators were taking a giant nap when all this happened
( YES regulation is not everything and we should have dog eat dog situation etc and second thing I am talking about the hundreds of Crypto currencies and NOT about the technology,
The third thing is a as pure speculator if I cna handle the volatility then I would be all for such a product as long as the exchange is not a tin pot 2 room operation )
I go to Fintech seminars / start up meetings and there anything with word crypto buzzword gets immediate attention and applaud and it looks like people are willing to fork out hard earned money in a jiffy
Where as an IPO is scrutinized left right and center, and IPO require thousands of $ to start an ICO a 2 page whitepaper does the job
In both cases one has to let of of the real world currency
Dumb regulators and dumb greedy investors
This is a good question and I have 2 answers:
1. They kind of regulate it, see Facebook's Libra. When it is under their jurisdiction, they can and do the regulation. If you introduce a new crypto in Africa they seem to care much less. But when they can influence you, they do. That is why banks refuse you as a client if you have too much crypto exposure.
2. Government agencies seem to shy away from hot new industries. That is why they don't really regulate Tesla's constant breaking of the law. That is why there are no rules for making self driving cars. The inventions are too new and in some cases the laws don't even exist.