Bitcoin Top?

Peter10 said:
bitcoin having a fixed supply doesn't means it will continue to go up forever, all stocks also have a limited supply of outstanding shares and stocks don't go up forever.
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Uhhhhh no.

All stocks do not have a limited supply of shares (outstanding or otherwise) and theoretically stocks can go up forever. Or at least up till the "ink" runs out on the real phony currencies of the FED/ECB/BOE/BOJ/BOC.
 
Sooo basically, bubble goes up, everyone goes out of their way to buy bitcoin, bubble pops, now everyone has insane losses and so on

When BTC falls it will drag down most criptocurrencies with it

Something tells me that when that happends, it's gonna take down more that just those simple currencies
 
syswizard said:
Uh....this begs the question:
what is the cost for mining ?
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You would not believe how much electricity mining equipment can consume, also that equipment tends to be expensive (Although, more than expense it's considered an investment)

In fact one of the reasons not everyone mines (Other than the actual machine itself) is that the electricity bill can be higher than the amount of revenue actually generated (Depending on where you live)
 
carlostown said:
When BTC falls it will drag down most criptocurrencies with it
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Most probably.

carlostown said:
Something tells me that when that happends, it's gonna take down more that just those simple currencies
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What reasons do you see for contagion at this stage? This is an asset that has a market cap of a large(r) single company (what is it, 260 yards at the moment?) and there are no leveraged players (at least not yet).
 
sle said:
Most probably.


What reasons do you see for contagion at this stage? This is an asset that has a market cap of a large(r) single company (what is it, 260 yards at the moment?) and there are no leveraged players (at least not yet).
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Everyone is jumping on the trend, some people even are getting into big debt in order to buy bitcoins, maybe hoping for another huge increase in cost (Which I don't really see that happening, nor do most economist anyhow)
When the losses start, a bunch of people will go bankrupt and as of now, I don't think most economies can withstand that kind of losses (If you ask me, USA as unstable as now, would be one of the first and one of the worst affecteds)

(Also, I can't really confirm this but i see most of the craze happening in there, probably that won't help)
 
Why in the heck did the CBOE initiate Bitcoin FUTURES and not Bitcoin OPTIONS ?
Uh....aren't they the world's largest OPTION exchange ?
And why are they front-running the CME Group's Bitcoin futures offering ?

I understand that Bitcoin options are offered on other exchanges like LedgerX...but I would not trust that crumby exchange.
I think the CME Group will get the majority of the activity once their Bitcoin futures contract is established.
 
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