Until it collapses...your timing must be impeccable...it could go against you in a big way until the Robinhooders jump ship...truly a bubble waiting to happen
Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold
- Thread starter themickey
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Until it collapses...your timing must be impeccable...it could go against you in a big way until the Robinhooders jump ship...truly a bubble waiting to happen
Care to put a timeframe on that?
The problem for me, if I were to trade bitcoin, it would not be pocketmoney.
But I don't believe my security and knowhow is sophisticated enough to prevent an accident/incident and having it disappear into the ether.
The risk is too high to warrant the gamble.
Once its gone mate, it's gone and who do you think is about to help recover it - Joe Squat.
But I don't believe my security and knowhow is sophisticated enough to prevent an accident/incident and having it disappear into the ether.
The risk is too high to warrant the gamble.
Once its gone mate, it's gone and who do you think is about to help recover it - Joe Squat.
Honestly, I don't see why it is worth anything at all. I am holding some, nevertheless.
If you didn't see it as being worth anything, you wouldn't have bought it. I bet you bought it at 10 cents. You bastud!
Whatever one holds is ultimately worth what someone else will pay to get it. Repeat whatever one holds.
https://www.coindesk.com/us-fed-cha...t-help-design-central-bank-digital-currencies anytime whales can dump
Why the link? I asked do you have a timeframe in mind.
From Bloomberg this morning:
And finally, here’s what Joe's interested in this morning
I was on vacation last week, but unfortunately I wasn't able to completely tear myself away from looking at screens and occasionally checking out charts. While looking at Bitcoin, one thing really surprised me, which is how similar its action looked to gold. Here's a 20-day chart of the two. It's a little bit weird looking because Bitcoin trades all through the weekend and gold doesn't, but it's plainly obvious how their intraday action often looks quite similar.
To me, this implies a growing and surprising level of institutional trading in Bitcoin... that it has a big enough role in enough portfolios such that whatever macro and market inputs are pushing the price of gold around also are pushing Bitcoin around. When Bitcoin crashed in the middle of March, it made sense that with the incredible evaporation of liquidity, everything got hit. But it's still surprising to see this kind of relationship hold up even on a tick-by-tick or minute-by-minute basis. We know that one of the big drivers of gold this year (or maybe the only driver) has been the incredible plunge in real interest rates. Perhaps that also explains a lot of the action in Bitcoin (and other crypto assets) as well.
And finally, here’s what Joe's interested in this morning
I was on vacation last week, but unfortunately I wasn't able to completely tear myself away from looking at screens and occasionally checking out charts. While looking at Bitcoin, one thing really surprised me, which is how similar its action looked to gold. Here's a 20-day chart of the two. It's a little bit weird looking because Bitcoin trades all through the weekend and gold doesn't, but it's plainly obvious how their intraday action often looks quite similar.
To me, this implies a growing and surprising level of institutional trading in Bitcoin... that it has a big enough role in enough portfolios such that whatever macro and market inputs are pushing the price of gold around also are pushing Bitcoin around. When Bitcoin crashed in the middle of March, it made sense that with the incredible evaporation of liquidity, everything got hit. But it's still surprising to see this kind of relationship hold up even on a tick-by-tick or minute-by-minute basis. We know that one of the big drivers of gold this year (or maybe the only driver) has been the incredible plunge in real interest rates. Perhaps that also explains a lot of the action in Bitcoin (and other crypto assets) as well.
10 years max