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  • One economist says bitcoin could hit $0—or $1 million

    From marketwatch.com

    The most bullish call for the digital currency bitcoin so far has been at about $1 million, while the most bearish call from those who dismiss it as a fraud or a bubble think it will crash to zero. Covering his bases, Teunis Brosens, a senior economist at ING, sees both extreme targets as possible. Although the most probable outcome, in his view, is for bitcoin to survive in a less high-profile way than it currently has. “The ‘true’ value of Bitcoin depends on its future use case,” wrote Brosens. “If users would, en masse, lose interest, then it could end at zero. On the other hand, in the unlikely scenario ... (full story)

  • #1
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  • Dec 18, 2017 7:05pm Dec 18, 2017 7:05pm
wow! that's an easy one, sell 1 bitcoin and buy 1 as well! so you will either make 20,000$ or 1 million! my life is completed with this article!!
Invest in alarm clocks
  • #2
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  • Dec 18, 2017 7:18pm Dec 18, 2017 7:18pm
Quoting Tony112
wow! that's an easy one, sell 1 bitcoin and buy 1 as well! so you will either make 20,000$ or 1 million! my life is completed with this article!!
Hmmm. No.

If BTC goes to 0, then you make $20,000 on the short and lose $20,000 on the long for a net gain of zero.

If BTC goes to $1,000,000, then you gain $980,000 on the long, and lose $980,000 on the short for a net gain of zero.

That's zero, with a Z.
  • #3
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  • Dec 18, 2017 7:36pm Dec 18, 2017 7:36pm
Well that's the type of economist I'm use to dealing with. It may go up or it may go down .
  • #4
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  • Dec 18, 2017 7:37pm Dec 18, 2017 7:37pm
Quoting capitalist88
{quote} Hmmm. No. If BTC goes to 0, then you make $20,000 on the short and lose $20,000 on the long for a net gain of zero. If BTC goes to $1,000,000, then you gain $980,000 on the long, and lose $980,000 on the short for a net gain of zero. That's zero, with a Z.

No, I will put a stop-loss on both positions. 10k$ stop-loss, what do you say?? heheheh
Invest in alarm clocks
  • #5
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  • Dec 18, 2017 9:24pm Dec 18, 2017 9:24pm
no balls to buy but still holding short at 9200. in deep shit. just hope it crashes. all the best
  • #6
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  • Dec 18, 2017 10:38pm Dec 18, 2017 10:38pm
Quoting HockMan
no balls to buy but still holding short at 9200. in deep shit. just hope it crashes. all the best
You will be rich if it crash LOL
  • #7
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  • Dec 19, 2017 12:00am Dec 19, 2017 12:00am
Even Mrs. Siu Lyn, the lovely 72yo florist lady just around the corner, could have said that.

Hey buddy, let's grab some Pips!
  • #8
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  • Dec 19, 2017 2:13am Dec 19, 2017 2:13am
Quoting HockMan
no balls to buy but still holding short at 9200. in deep shit. just hope it crashes. all the best
I was thinking of going short at $8000 but you know the saying the trend is your friend so changed my mind Im riding this until it hits 100k.

Bitcoin is just the tip of the iceberg I doubled my account trading lite coin. in just 1 week. Then i though stuff this Im buying not trading, bitcoin, etheruem, litecoin, bitcoin cash, ripple, and researching a few more. By the end of 2018 who ever buys into cryptos now will settle for an early retirement.
20 Pips a day keeps centerlink away
  • #9
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  • Dec 19, 2017 2:46am Dec 19, 2017 2:46am
My Broker ICMARKETS suspended trading 2 weeks ago you can only close old positions , I would like to take a short- Tulip Mania !
  • #10
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  • Dec 19, 2017 3:58am Dec 19, 2017 3:58am
lol 0 or 1 million god economists suck eggs
  • #11
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  • Dec 19, 2017 4:12am Dec 19, 2017 4:12am
My cat told me that Bitcoin would either go to nothing or go to 1 million, I said " hey puss are you an analyst?" He just looked at me like I was crazy and said "economist".
  • #12
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  • Dec 19, 2017 6:01am Dec 19, 2017 6:01am
As per Elliot Wave analysis , I m looking a U turn down wards at Fibo level 423 % .. Rest will be a history
  • #13
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  • Dec 19, 2017 9:58am Dec 19, 2017 9:58am
This guys an idiot satoshi said the same thing in the bitcoin whitepaper
  • #14
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  • Dec 22, 2017 9:03am Dec 22, 2017 9:03am
Quoting XuMar
{quote} You will be rich if it crash LOL
It happend now, you will be rich right now LOL
  • #15
  • Quote
  • Dec 22, 2017 9:03am Dec 22, 2017 9:03am
Quoting HockMan
no balls to buy but still holding short at 9200. in deep shit. just hope it crashes. all the best
It happened now, you are be rich right now? LOL
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  • Posted: Dec 18, 2017 6:43pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 15  /  Views: 5,424