Bitcoin Top?

Hoi said:
It's just the opposite, as history shows from 2013 when regulators pushed hard. A regulated market just pulls more people who want to join but fear the wild-west.
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I am just thinking what will happen to bitcoin if it became clear that terrorism financiers are using it.
 
JigsawTrading said:
One of my friends asked the other day "Pete, should I put some money into Bitcoin" - he's a great guy but he's a welder and no knowledge at all about financial markets.
So I told him no and he asked why...
"Generally speaking, when people like you start asking about an investment, it's already over".
Not meaning to be impolite or anything - but when the general public all think somethings a great investment....
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At the beginning didn't many say that about AMZN, PCLN, GOOG, NTFX, AAPL, TSLA, NVDA, FB, BABA, MSFT, INTC, MCD etc. Image how much you would have if you invested $1000 bux in each one and not look until now. I remember when PC's was a fad, only for hobbyist. The internet was only good for email. Sure there was a bump along the way, but image getting out in 1999, and buying ocean front property in Miami Beach and selling in early 2007. Some people did...
 
lylec305 said:
At the beginning didn't many say that about AMZN, PCLN, GOOG, NTFX, AAPL, TSLA, NVDA, FB, BABA, MSFT, INTC, MCD etc. Imagine how much you would have if you invested $1000 bux in each one and not look until now.
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However, this time it's "different".
1 CME Bitcoin contract (short) was up $6,000 in one day (today).
 
lylec305 said:
At the beginning didn't many say that about AMZN, PCLN, GOOG, NTFX, AAPL, TSLA, NVDA, FB, BABA, MSFT, INTC, MCD etc. Image how much you would have if you invested $1000 bux in each one and not look until now. I remember when PC's was a fad, only for hobbyist. The internet was only good for email. Sure there was a bump along the way, but image getting out in 1999, and buying ocean front property in Miami Beach and selling in early 2007. Some people did...
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Indeed. People severely underestimate how much convexity there is in disruptive ideas/products. If you think that something only has a 1% chance, invest 1%. Does it make sense to go all-in? No, it does not, only idiots would do that. Does it make sense to reject the idea completely? Same thing.

lylec305 said:
Cash out some cryptocurrency and invest into the next emerging area...
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Yes, food is one of the next frontiers. I keep wondering how I can get involved (it's also good for the world, so that's an added bonus).

PS. I am long Amazon and a few other tech stocks from 2000 and added to that in 2003. That's what investing is all about - diversification and looking for good deals.

PPS. Actually, just realized that I sold half of my tech stocks in Dec 2016 and am sitting on a pile of cash.
 
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