Interesting fact: Bitcoin Cash now surpassed Bitcoin's price at the time of the Fork on August 1st
That's what we call a 100% dividend ladies and gentlement!
That's what we call a 100% dividend ladies and gentlement!
Bitcoin Price Thread
- Thread starter Magna
- Start date
Dot com days are here again.......
World is full of bubbles in every asset class known to man!!!
Average age 26
Hahahahaha
Wonder how these managers are going to weather the collapse!!!
In Crypto land we compare prices not in USD but against BTC. The highest Bcash ever came was 0.53 BTC (November-11 with the Roger Ver pump). Currently the price is 0.20 and Roger is pumping hard again.
I'm selling right now. Roger may have it all.
In time Bcash will settle somewhere between 0.08 and 0.13 which is a "fair" price for an Altcoin with soo less usefulness, a small incapable developer team, and no real use cases (no one will buy coffee with Bcash either).
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In Crypto land we compare prices not in USD but against BTC. The highest Bcash ever came was 0.53 BTC (November-11 with the Roger Ver pump). Currently the price is 0.20 and Roger is pumping hard again.
I'm selling right now. Roger may have it all.
In time Bcash will settle somewhere between 0.08 and 0.13 which is a "fair" price for an Altcoin with soo less usefulness, a small incapable developer team, and no real use cases (no one will buy coffee with Bcash either).
12/18/17 rs report from major US BD/wirehouse [ w/no skin in game as of now] ....Bitcoin acceptance among top 500 eCommerce merchants has actually dropped from q1 2016 through q3 2017.
And no, I'm not a cryop hater, long specific companies in blockchain development.
This whole talk of it becoming a currency is Ludacris, not going to happen ...the fees alone are getting out of hand to move it from the exchange to your wallet, volatility is insane and at any given point in time your magical fairy tale coins can disappear....
Last night a friend of mine that knows nothing about cryptocurrency let alone stocks and money markets asked me about Bitcoin...I started cracking up, not only did she talk about Bitcoin but actually bought on coinbase litecoin and etherium 2 days ago, she was giving me the run down on why she bought them and then told me her friends were talking about cryptocurrency, to me this is just to hilarious, the craze and the amount of people who know nothing about investing are buying cryptocurrency....I was literally in awe when she showed me her coinbase account, I told her get ready for the collapse because it's coming.....every asset is now in a bubble, thank the fed for the free trillions they printed that has caused the biggest asset bubbles mankind has ever witnessed in their lifetimes
Bosch Group starts invest in IOTA. This is the reason why IOTA is UP but Bitcoin
http://www.gorket.com/2017/12/19/iota/
http://www.gorket.com/2017/12/19/iota/
Can someone tell me how one can short GBTC? I tried and cannot but this guy says he's shorting it because of the extreme NAV...How is anyone finding shares to short with such low liquidity in this investment vehicle?????
His tweet proved ill-timed, as the premium expanded further throughout the trading day, closing at roughly 101% more than the value of its underlying bitcoin. But even if he was wrong for the day, it's my view he's right: Shorting Bitcoin Investment Trust when it trades for high premiums can be very profitable if done correctly.
Shorting the premium, not the bitcoin
Left's trade is relatively simple. By shorting Bitcoin Investment Trust and buying bitcoin futures, whether bitcoin goes up or down in value is mostly moot. What matters is whether Bitcoin Investment Trust's premium falls at a faster rate than the premium on the futures.
https://www.google.com/amp/s/www.ya...-left-bitcoin-investment-trust-130000433.html
His tweet proved ill-timed, as the premium expanded further throughout the trading day, closing at roughly 101% more than the value of its underlying bitcoin. But even if he was wrong for the day, it's my view he's right: Shorting Bitcoin Investment Trust when it trades for high premiums can be very profitable if done correctly.
Shorting the premium, not the bitcoin
Left's trade is relatively simple. By shorting Bitcoin Investment Trust and buying bitcoin futures, whether bitcoin goes up or down in value is mostly moot. What matters is whether Bitcoin Investment Trust's premium falls at a faster rate than the premium on the futures.
https://www.google.com/amp/s/www.ya...-left-bitcoin-investment-trust-130000433.html
Yet again, all spikes sold into. Reverse chart of the parabolic move where every dip was being bought all the way to 20K. 13,700 target short from 19,000 should hit before Sunday. Once retail joe loses 50% overnight he won't dare dip his foot back in the water and the ponzi scheme stops dead in its tracks. People talking about Bitcoin 1 million. Gives it a market cap over $20 trillion. Way too many ads and pump going on this last month which tells me it's in its last legs.