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Bitcoin - Crypto investing and trading discussion

Discussion in 'Bitcoin Forum' started by heyimsnuffles, Dec 22, 2016.

  1. JerryM

    JerryM Well-Known Member

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    I realize I am somewhat uneducated in bit coin as an investment but my cursory look gives me pause to think there is a huge bubble sitting on this that will cause blood in the street when it pops. Any time a trust fund is selling at a 75% premium to NAV that is dangerous. If you look at the links below and do not understand this "fork" and do not understand the reason's for the huge premium then I would think you would not want to be invested in bitcoin.

    Grayscale Website - Home of the Trust

    https://grayscale.co/bitcoin-investment-trust/#market-performance



    https://ycharts.com/companies/GBTC



    Sept 8th price 719.02 per share with NAV of 409.83



    http://www.prnewswire.com/news-rele...estment-trust-and-bitcoin-cash-300498807.html



    http://www.prnewswire.com/news-rele...ible-bitcoin-cash-distribution-300515060.html
     
  2. Melissa

    Melissa Member

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    A lot of my friends are fond of investing in bitcoin recently. But I still think that it's unstable and pretty risky thing.
     
    OldFart likes this.
  3. T0rm3nted

    T0rm3nted Moderator
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    You're correct, it's extremely volatile. You can gain or lose a substantial percentage of your money in just hours
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Bitcoin futures on the way

    https://seekingalpha.com/pr/16985390-cme-group-announces-launch-bitcoin-futures
    CME Group, the world's leading and most diverse derivatives marketplace, today announced it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.

    The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Bitcoin futures will be listed on and subject to the rules of CME.
     
    OldFart and internationalstocks like this.
  5. Melissa

    Melissa Member

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    Moreover, it's risky if you don't know enough about it. I think that now there is still no man who fully understands the prospects of the bitcoin and where it could turn out.
     
  6. Gambit

    Gambit Active Member

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    BTC is going to grow! Why do I think so, because I see more and more people investing cryptocurrency!
    Months before I bought BTC and today I have 40% plus!
     
    internationalstocks likes this.
  7. internationalstocks

    internationalstocks Active Member

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    59F0E292-F2E0-4EE2-8510-103FD1182909.jpeg Buy QTUM under $11
     
  8. internationalstocks

    internationalstocks Active Member

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    Since you posted on September 7 Bitcoin has risen tremendously
     
  9. JRSR

    JRSR New Member

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    The key concept that everyone needs to appreciate is that the blockchain technology is revolutionary, not a single cryptocurrency.

    The uncertainty is in which cryptocurrencies will survive.

    98% of cryptocurrencies are "shitcoins" and are not even worth considering unless you find it fun to invest highly volatile assets with a long term value of zero.
     
    bigbear0083 likes this.
  10. BenShawLondon

    BenShawLondon New Member

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    Dear Readers,

    I am sure you have all been made aware of Bitcoin, the decentralized Cryptocurrency that has made news recently about the huge surge in price, with each 1 Bitcoin being worth around $7-8000

    As the charts show, each individual bitcoin was worth cents when it was originally brought out. so if we had spent a mere 100 dollars on bitcoins we would all be paper millionaires today!

    But is it all speculation, or does this make the idea of an online currency mark the future of money?

    I am personally tempted to invest my money in the alternative currencies such as Aether, as who knows what a couple of hundred dollars will yield in 5 years? its worth a shot!

    yours

    Ben
     
  11. bigbear0083

    bigbear0083 Content Manager
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    whelp, back at new highs here once again

    [​IMG]
     
    OldFart likes this.
  12. StockJock-e

    StockJock-e Brew Master
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    Yeah, this is probably the most impressive bubble I have seen!
     
    OldFart and bigbear0083 like this.
  13. bigbear0083

    bigbear0083 Content Manager
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    13000 new highs once more here :p
     
  14. bigbear0083

    bigbear0083 Content Manager
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    13000...14000...15000 these 1000 point increments are coming in fast and furious lol

    [​IMG]
     
    OldFart likes this.
  15. StockJock-e

    StockJock-e Brew Master
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    LOL

    So what do you say bigbear?
    25k before the big drop?
     
    bigbear0083 likes this.
  16. bigbear0083

    bigbear0083 Content Manager
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    haha, too low! at this rate we'll reach that by the end of the month week :p

    printing new highs here above 16,000 as of this writing ... absolutely ballistic

    tulip mania gone wild once again lol
     
  17. StockJock-e

    StockJock-e Brew Master
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    I read the r/bitcoin sub regularly, there is not a speck of doubt or fear there.

    Everybody keeps encouraging each other to keep buying and holding.
     
    bigbear0083 likes this.
  18. OldFart

    OldFart Well-Known Member

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    I even saw chatter on facebook about it..I think the top is very near when it's mentioned there....lol
     
    bigbear0083 likes this.
  19. StockJock-e

    StockJock-e Brew Master
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    The wake up call arrives when the price starts falling fast and everybody realizes that they can't sell because their shady exchange can not handle the traffic and has no oversight to make sure clients are able to trade.
     
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  20. bigbear0083

    bigbear0083 Content Manager
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    hah! here's what i get when try to hit up the r/bitcoin sub (r/stockmarket seems to be working fine though) dang lol :p

    [​IMG]
     

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