I am a FX trader to the bone, but have the new generation of traders switched onto the Bitcoin wagon. It seems interesting.....could it be the biggest speculative disaster since the tulip bubble? Any thoughts?
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DislikedI believe in the block-chain behind bitcoin, but it is a disruptive tech. The central bankers (syndicate) will not allow a disruption to the current fiat system by allowing a deflationary and uncontroled competing currency to supplant it. It would be very easy to crush bitcoin as a currency, and I see two ways of this happening. One, you regulate it and risk it becoming more popular than ever. Or two, you fuel a massive speculative bubble by buying up all the floating supply (with fiat, oh the irony) and then when the time is right you bring the...Ignored
Disliked{quote} and when they are ready >>>>>>>>>>>>>>>>>>> and it will happen >>>>>>> disaster for the little traderIgnored
Disliked{quote} Yeah I'm actually worried for the people who are putting their entire savings into bitcoin because "it will one day be worth $1 per satoshi". They're not traders, their just hoping to have a store of wealth like their great grandparents did with physical gold. They're going to get crushed.Ignored
Disliked{quote} I think TV shows like Mr. Robot popularize it... As we all know, "never chase a trend." I'm not getting anywhere near it.Ignored
Disliked{quote} I know almost nothing about Bitcoin because I always assumed it would not have a future. I still don't believe it will have a future unless it is adopted by countries like the US, UK, etc. But I'm writing because of the Satoshi $1 comment. Is that something Satoshi explicitly stated or is it implied in another way?Ignored
Disliked{quote} Its not a trend yet. Its at very early stages .. Most of people doesnt even know how bitcoin works or a digital wallet. Competition to be best digital currency is not over. Quantum computing is knocking the door.. Big institutions just started to get in to crypto... It will become a trend when you find bitcoin on all FX brokers. HODLIgnored
Disliked{quote} HODL, lol. This was a term created by the tech-geeks who threw their life savings into bitcoin when it was $1000 in 2013, right before it crashed and took three years to recover. Whenever I hear HODL I think of how it was once a badge of shame for making stupid financial decisions, but now it has become a popular meme for smart investors... go figure. This is a very tradable asset, but after this most recent flash crash I was reminded that this not something you put on autopilot. By the time it takes you to send your coin from your wallet...Ignored
Disliked{quote} flash crash... One of my previous posts say invest on altcoins instead bitcoin. Which is like investing against bitcoin. And i said quantum TECH knocking the door so..Ignored
DislikedMy gameplan is to position myself to purchase some Bitcoins once it experiences its first major crash..........or possibly a 20% correction. I was wanting to exchnge my Academy Sports and Outdoors giftcard for some bitcoins. If anyone out there knows where I can pick up some bitcoins for this type of giftcard....please let me know. Cryptocurrencies appear to be the future; it has its own unique language and I want to keep up to speed with how it works before it expands and becomes even more complex. I have no interest in trading it (that would be...Ignored
Disliked{quote} Fair enough, but investing and trading are two very different things. I was telling my friends to invest in bitcoin years ago and now I'm telling them to pull out. I still trade it but no longer consider myself an investor. How is quantum tech relevant to crypto currency?Ignored
DislikedI have invested a fraction of bitcoin worth $60 since March in one of the reliable company and earning an average of 1% per trading day. An now with the increase of Bitcoin value my investment now worth 300% increase. So if this increase continues, I can accomulate 1 bitcoin after a year, 4 bitcoins after 2 years, 8 bitcoins after 3 years, etc. If Bitcoin reach $1M as some experts say, thats a lot of moneyIgnored
Disliked{quote} You have no idea whats coming and knocking the door. Goverments did not stop the bitcoin Hacks did not.. Now IBM , MICROSOFT , ALI BABA , GOOGLE investing on quantum tech. Did you know quantum computers are next treat to crypto currency ? Nope. When dust settles there will only 1-2 digital currency left that was able to resist against quantum attacks.. Bitcoin not one of them https://www.forbes.com/sites/amycast...-long-way-off/ https://futurism.com/google-just-rev...tum-computers/...Ignored
DislikedThe altcoins are here to stay, the value is a different story. Already used on daily basis in Japan and other places of the world and I am nto talking only about bitcoin (you can order food if you haven't realised yet). The problem is that is a bubble that evelntualy will blow one day, the tulip mania kept for 10 years. I beleive that at one point of time we will start trade EUR/BTC, USD/BTC like any other currency pair. Now as about investing on it (not even a thought about trading !), not more then 10% of total capital and deal with it as a very...Ignored