There are some BTC ETFs out there now. Kinda wanna short em.
You ever read "irrational exuberance"? I hope it makes you your millions. And I hope you're smart enough to consolidate your gains at some point.
Genuinely curious: what is it that I don’t “get”? I’ve done quite a bit of reading on BTC and Blockchain. One of those seems like a viable investment possibility, and the other is pure speculation. You’ve made a good chunk on that speculation, and I’m genuinely happy for you about that, but it doesn’t change the fundamentals behind your “investment”.
ill give a quick question, why would you invest in a btc etf? when the answer is that doesnt make any sense, then maybe youll get it. im not even really invested in it. i just happened to have 150 dollars in it at a good time. i was never trying to invest in it, but the op was asking about it from an investment perspective and ive tried to detail why its different and what makes it viable long term. this is the first true international fiat cryptocurrency free of banking/national ownership and you guys are comparing it to tulip bulbs...honestly.
That didn't even remotely answer my question. What makes you think the "first true international fiat cryptocurrency free of banking/national ownership" makes it viable for the long term? You realize there are literally infinite possibilities to replace BTC, I assume. You recognize that because it is free of national backing, it also cannot be insured against loss. You are in it with everyone else, and - God forbid - some hacker gets your 6 BTC, there is no recourse for you to recover it.
I don't understand the currency part with the volatility being so great. Who will take this currency with the bitcoin value moving hundreds of dollars a day up and down?
Uh, only one of us is being defensive. I’m legitimately interested in why you think it is viable long term and why it is not demonstrating classic public bubble behavior right now... essentially why this time is different.
If adoption is increasing and diversifying, it's not a bubble, it's just normal growth. Price is driven by demand. There's not anything artificial that I've seen that could be responsible for the growth over the past years.
I don't think there's necessarily anything artificial about the growth until about two weeks ago. Now? It's a public bubble, IMO. Many of the drivers for the pricing surge aren't people wanting to diversify it's use. It's been driven by exposure via things like the Netflix documentary, where people are buying it as pure speculation. My guess as to the way this ends is with the price back down around where it was in, say October, either that, or a government regulation from some major mover - China would be my guess - forbidding transactions by legitimate entities within its borders. I think it's really as simple as that as to what's going to turn BTC on its head. No one can regulate the currency, per se, but no one necessarily has to legitimize and accept it, either. We'll see - good luck.
you will never make 1200% on anything, ever, combined, in your life.
Total portfolio balance is $3,408,709.49 with about half of that being in a NASDAQ 100 no load mutual fund.
It'll be a lot worse today. Amazon announced it is getting into the health care business (link) and I have positions in AET and UNH plus $132,000 in
I was called out as a liar for posting that I made ~$150K between Dec 16 and Jan 26 and indeed, that was just a guess. I actually made $208,000 between those dates. However it was an unusually good month because Trump's tax cuts for corporations kicked in.
It seems like everytime someone brags about there winnings a day like today happens. So, please don't do that again.
I bought mutual funds today, $3404 in USMIX right before the closing bell. I'll get the bargain price that it settles at this evening. That's all the cash I had availble to invest. Otherwise I would have invested more.
How did Bitcoin do today?
