What is going to happen to the price of bitcoin if the float increases

any ideas how to short it? if not, you are sailing in the same "mental masturbation"boat.:)
My dear @zdreg I suspect you already know but in the spirit of...: Short on a exchange that accepts fiat, acquire BTC and go trade BTC futures(ironically denominated in BTC), go short that 1 OTC ETF, etc etc....
 
I'm not sure what you mean with real money - bitcoin is as real as plastic/credit cards/gift cards and other currencies - doesn't mean it stays where it is - it may go up or down just like the Euro - but it's definitely real. It's accepted at a limited set of merchants - just like anything else. Try to pay @ Amazon with cash - try to hire a hitman on silk road with a credit card - neither one works. If it makes you feel better you can print a picture of it and put it under the mattress.
OK let's approach this from a quantitative point of you. Are they even reporting earnings? Is there a PE ratio? Would buffet own this sstock?
 
My dear @zdreg I suspect you already know but in the spirit of...: Short on a exchange that accepts fiat, acquire BTC and go trade BTC futures(ironically denominated in BTC), go short that 1 OTC ETF, etc etc....
humorous. there are no such animals.
 
They seem to be in lockstep right now and the % loss from their ATH are very similar, ~20ish%...

BTC 3000>>2350 (on Bitstamp)
ETH 390>>310
 
What's that you say? I was right, the beginning of the end is near... 800 point drop from Monday... I told ya this thing is just a big joke. great article posted below.


At over $2000 per share I never thought this thing could be traded. So, it is a buy and hold? When I think of my money that goes into longer term investments I ask myself what is the product? Do people believe in it? are they making money? Would Warren Buffet own it?

I already posted that one of the original big time BTC investors, a hedge fund manager, dumped his shares about 2 weeks ago.

https://www.fool.com/investing/2017...ver-invest-in-bitcoin-and-you.aspx?yptr=yahoo
 
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What's that you say? I was right, the beginning of the end is near... 800 point drop from Monday... I told ya this thing is just a big joke. great article posted below.


At over $2000 per share I never thought this thing could be traded. So, it is a buy and hold? When I think of my money that goes into longer term investments I ask myself what is the product? Do people believe in it? are they making money? Would Warren Buffet own it?

I already posted that one of the original big time BTC investors, a hedge fund manager, dumped his shares about 2 weeks ago.

https://www.fool.com/investing/2017...ver-invest-in-bitcoin-and-you.aspx?yptr=yahoo

You should look at government bonds. I hear they're good for the risk averse.
 
it's okay,,, I have accepted that I will be the lone wolf on this board to speak out against this stock. If I was risk adverse I sure the hell wouldn't be day trading. Not one person has stepped up to give any factual info of why this is a stock to own long. Not to mention that it is traded on exchange you have never heard of. This thing is just waiting for some kind of major fraud, hacking, or whatever. Good luck selling your shares when that happens. Did yo know the exchange that used to handle BTC stock trades went bankrupt in 2014?

but it's okay, I am a big boy and can stand by my convictions.
 
it's okay,,, I have accepted that I will be the lone wolf on this board to speak out against this stock. If I was risk adverse I sure the hell wouldn't be day trading. Not one person has stepped up to give any factual info of why this is a stock to own long. Not to mention that it is traded on exchange you have never heard of. This thing is just waiting for some kind of major fraud, hacking, or whatever. Good luck selling your shares when that happens. Did yo know the exchange that used to handle BTC stock trades went bankrupt in 2014?

but it's okay, I am a big boy and can stand by my convictions.


The trolling's too obvious
 
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