All Banks gonna die because of Bitcoin/CC, one will take over the entire wolrd and become the global currency, and banks will have nothing to do with it, banks are depreciated.
thats why it is the best thing ever happened

i dont see why CC are in danger from speculation, to me they just don't care because they don't need to.

Yes you can, in my town i can pay at the hotel and most bars since about 8 years, now this is spread all over, you just use your phone, its super simple.

i agree, the majority has no clue about money but thats an education thing, we do not teach our kids the most important thing in this world, how money works, how its made, who makes it......etc. etc...
and there is no point to discuss with any kind of believer.
but this is not gambling, at least for the next 1 1/2 months it will continue to grow, and chances are quite high that it will skyrocket even more, incredibly fast. thats the nature of this world now. changes happen almost instantly in comparison to history, what took 100 years to apply now only takes a couple of years, this is extremely disruptive to global economy, but that wont stop it.

lets see how it will come out, interesting times

 

Agree. But perhaps they're only using Gold and dare I say other valuable material as a make weight. A kind of other guarantee. But you say there are all selling it off ?

I thought it was Trump and his cohorts that wanted to bring back the Gold Standard? It could just stop investment being a worthy gamble.

Gold is certainly not the one true denominator of value. Look at the ancient story of Midas...

https://en.wikipedia.org/wiki/Midas

And compare with...

https://en.wikipedia.org/wiki/Price_revolution

Ironic that arguably the single thing that generated the most money from the South Americas was the humble potato. We all like Chips (French Fries).

"We know the price of everything, the value of nothing."

 

You're confusing banks with ATM machines. Unlike ATM machines, banks underwrite businesses/provide credit.

 

I also believe the Bitcoin thing is a bubble. but you should know that cryptocurrencies are here to stay just like tech companies who made it past the dotcom era.

I made a mistake in 2014 by deciding to not invest in Bitcoins. It's too late now but I'm investing in ethereum. its a whole different concept and I'm very sure its the future. its a platform instead of being just a decentralized cash alternative. its empowering a whole generation of fin-tech startups and the price will catch up with BTC just in time for 2020 Olympics. Japan has officially recognized Bitcoin and they recently launched a cryptocurrency exchange market.

 

Yes, investing in any currency is a gamble (If You don`t own a bank)

Invest in goods (food or tools to produce food for example...)
Knowledge is a good investment...
Beans are a good investment

 

That's sadly true. The less money people have the less they care about and always pay those who do.

But nevertheless if find it amazing that someone really thinks it is NOT a bubble because even people without any knowledge would see a bubble if someone tells them what a bubble is.

BTW: Nobel Prize Laureate in Economic Sciences Joseph E. Stiglitz called for forbidding Bitcoin in a Bloomberg interview the last days because it is a bubble and it needs just a little trigger to implode.
Not a real dumbass isn't he?
https://www.bloomberg.com/news/arti...wed-nobel-prize-winner-stiglitz-says-jal10hxd

 

Last edited: Dec 1, 2017

Those people you speak about so nicely at least won't sleep under bridges after they thought they know so much about financial markets as you claim alledgedly for yourself.
I would suggest you prove your knowledge before calling members of this forum financial morons. Just show us a printout of your bank account balance or income tax bill or your MBA.

 

Last edited: Dec 1, 2017

Where did you read he was placing himself above others? He is also one of the people on this forum, so he might as well mean himself included.

 

A lot of his posts prove he finds himself a knowall.
And he changed the sentence from "morons" to "illiterates" what is showing he knew he was insulting the rest.
But ok, he corrected himself.

 

When bitcoin investors start to belive that is a classic bubble, if that happens the banks will bring the same kind of money but now it will be approved/ controlled so it's better, right?

 

That gold thing has been in the plans for quite some time, there where pics of English soldiers carring gold from certain African countries.

 

no, clearly not a dumbass, im actually a big fan of Stiglitz, but on this i disagree with him.

 

Steyr coin coming soon. This lady is actually a thai lady boy. ( So i cant be prosecuted for discrimination.)

 

Last edited by a moderator: Dec 2, 2017

Bitcoin is the perfect example that have an incredible high risk/reward ratio. You can win a lot, but you can lose it all really fast too. Something like Bitcoin can rise or fall like 20-30% in one day. So many people lose money with it, because before they even started they already lost it all in the same day. It's volatility is so high. Well, that high volatility could be great for scalping and for professional traders on the short term.

Some people here says it's a bubble and some people here says it's not. Great to see that so many people have different opinions and thoughts. One thing that's a fact for sure is that nobody really knows what Bitcoin is going to do in the future, but in the end it's just basically gambling and a good amount of luck aswell. You can't do nothing than only speculate and hoping. There only have to be one negative news item about it and it will splatter.

A few reasons to say why it will rise further. First of all there is a limitation on the amount of Bitcoins. That's an important one, because that means there could be always a high amount of demand for it.

A lot of shops are not even using it yet and really slowly more shops starts with doing this. Bitcoin gets more and more attention at the moment. That takes more and more people.

Bitcoin have some big advantages. No fee for transactions. Transactions are fast with no waiting times. It's anonymous.

A few reasons to say why it will crash.

I see so many people around me that starts with investing while they don't even know what Bitcoins are and how it works. They just start with investing, because they see it's rising and rising and they don't want to miss the boat. Could be a clearly sign of a bubble.

Warren Buffet said once that you can’t value Bitcoin because it’s not a value-producing asset. It's a real bubble in that sort of thing. Actually it's indeed not a real investment, because Bitcoin don't generate earnings or pay dividends. How do you know what Bitcoin is worth? It's just betting.

If you look at the graph of Bitcoin over the past few years you can see it have a certain form. Nothing happens and then suddenly it starts with exploding. That means that investors have no any reasons to make out that their investment is worth more than the actual price for some time. The price increases may have to do with positive news items. But more likely is that everyone is buying it without even thinking, because they don't want to miss the boat. It's so vulnerable. A little shock is enough to make it all crash. And we have seen this earlier. For example with the dotcom and with the Dutch tulips.

There are still a lot of uncertainties. There is some infinity about the Segwit technology. And maybe it will be even prohibited by authorities if it gets too popular. It can be too fragile for criminal activities. From money laundering to drug dealing and so on. One little shock or one negative news item about it and it will probably crash.

And something else safety. They claim it's really safe, but in theory it could be hacked aswell. And then when you lose your Bitcoins you could not get it back.

One thing that's for sure too is that there is a lot of money to make even if you go long or short. And time will say what happens with Bitcoins in the future.

 

Last edited: Dec 3, 2017

the media is full of negative items about bitcoin, thats the best advertisement currently available, the entire World is talking about Bitcoin.
it will rise even higher, even faster, still.

 

i believe that CME and nasdaq will soon ruin this party and kill the whale

 

I think you're right

how?

 

And the same Stiglitz said euro currency is going to die soon.
As i can see in France, yes it is.

In fact, the ONLY real question is : WITCH currency is going to die first ?
Because ALL others are just going to follow. global market ? We will get global downfall.

On my side, like i said several times, i'm converting all this useless cash in gold, guns, water filters and such.
Most ppl don't understand what a "global currency crisis" mean...but i do. And it is going to be even worse than 1929.

 

Yup, if you had gold, guns and potable water back in '29, you pretty much had it made

 

Yes, maybe. I have no idea. I still hope for you it will rise. And that' s interesting, because if it' s full of negative news and people are still investing that really could mean it' s all hoping and hoping with no real thought behind it, isn't it? That's probably one of the biggest risk of Bitcoins at the moment. One little shock and it will splatter probably.

And of course there are here and there some negative news items about it, but is that not more to warn people about the consequences? Not unjustified I think, because there are people for sure who use all their money with all it' s consequences if it goes wrong.