I've got a couple of quids worth, but not a lot. Only just bought it so who knows what may happen. I look on it as a little bit of fun with a small outlay. Rumours are that Amazon may, and I mean may, accept it as payment. If they do, then I think it will go huge!

Good video that explains Bitcoin pretty good.

Bitcoin - What the Heck is Going On ?

https://seekingalpha.com/article/4130677-bitcoin-heck-going

12 Ways to Play Bitcoin Without Buying Bitcoins

https://www.barrons.com/articles/12...tcoin-1512747537?mod=hp_highlight_4&

$200. And lots are gonna make lots of money when it crashes.

How do I know it will crash? Because people have bought it without any clue why they bought it. Human behavior is the same when it comes to investing. Irrational purchases, bandwagon riding, and knee jerk reactions, are historically repeated time and time again and none ever pay off. Understanding why a stock can go up just because the sun is shining, should also help understand why people buy things like bitcoin.

Tulip Mainia

How would they short it? I thought you couldn't do shorts anymore.

1. "One of the most popular ways to short bitcoin is through CFDs, a derivative that mirrors the movements of the asset. It’s a contract between the client and the broker, where the buyer and seller of the CFD agree to settle any rise or drop in prices in cash on the contract date"

2. "Another common way to short bitcoin is through margin trading, which allows investors to borrow the cryptocurrency from a broker to make the trade. The trade goes both ways; a trader can also increase their long or short position through leverage. Depending on the funds kept as collateral to pay back the debt, this option increases the already risky bitcoin trade. Bitfinex, one of the biggest cryptocurrency exchanges, requires initial equity of 30 percent of the position"

3. "Most of the brokerages that allow margin trading will also let clients borrow bitcoin to short with no leverage. This will be a less risky way to bet bitcoin prices will fall"

4. "Investors can also indirectly bet against bitcoin by shorting exchange traded notes with exposure to the cryptocurrency, like Stockholm-based Bitcoin Tracker One, and Grayscale Investments LLC’s Bitcoin Investment Trust. The risk is that these notes don’t always trade in line with bitcoin, so the exposure won’t be perfect."

5. "Swiss structured products houses Vontobel AG and Leonteq Securities AG started separate products on Friday that allow investors to profit if the price of bitcoin tumbles"

Exactly what I was thinking.

...and I’d take that $10k in real estate, in a carefully researched area.

Bitcoin is exactly the 21st century version of Tulip mania. Well said Timothy.

I haven't been following this closely. I heard on the radio this morning that it's on the CBOE now...

New step for Bitcoin's wild ride: Futures trading

Tulips do come to mind. I suppose Bitcoin does have a bit more going for it in the practical applications, sense...

Speculating / short term trading with funds that one could afford to lose... sure, if that is what floats your boat. Investing funds that one needs/wants to count on for retirement... nope, not me.

you wouldn't invest in the USD or some other currency for a retirement plan, doing it with bitcoin would be just as ludicrous

speculation is profitable if you do it right, investing is a whole different ballgame.

It seems bitcoin may stall a while here where it is. I do see some massive profit taking if it doesn't continue its surge. Nonetheless..

Back to reality, I purchased some FitBit stock at $6.68 last week. The future is smartwatches. They won't overtake phones but supplement them. I suggest anyone interested look into FitBit. Quite undervalued.

How come the Apple Watch hasn't been the massive seller that it was predicted to be?

I am guessing that it will surpass 20k real soon.

https://www.npr.org/sections/thetwo...in-futures-surge-in-first-day-of-trading

Sales are still growing, just was just slow to launch and gather momentum...

It's a tad high priced, it's Apple, it's only for elite people.


One thing to ask when looking to invest in new tech, is whether or not the thing inhibits movement, does it feel weird to wear or carry around, does it look strange, would people get tired of basically wearing it?

Watches have been around for how long? People are comfortable wearing them. They don't inhibit your movements and some folks even forget they are wearing the watch they think they lost. SO it is good solid wearable technology unlike goggles or hats, or whathaveyou.

But I'm looking more at the health aspects. Will the watch be able to detect early heart attacks? Glucose readings? Heart issues? Etc.. these are thing that FitBit is poised to explore.

Maybe we need a dedicated investment forum here. I've been doing this a long time and used to daytrade back in the late 90's. I recommended, quite strongly, that people buy Facebook way back when it was $30-$40. I usually know my stuff.


Apple, Samsung, Garmin, and Fitbit. And some private Chinese company. Those are the only real smartwatch makers.

Look, investing is about being observant. Forget charts and pro analysis, those are a day late and a dollar short. The stocks have already made the move by the time some genius talks about it (Cramer, as an example).

Look around, see what people are into. SnapChatting? Instagraming? Hey look at my new watch! Facebooking? How did you know about so and so from way back in 1980..? Oh Facbooked her.. Ah... See more Teslas on the road? What are people drinking? Is there some new gaming company with legendary or upcoming programmers? Are other people playing the game?

It's quite easy if you push the laptop away, turn off the chatters on CNBC, and just look and listen.

I would not call a stock that has done little but decline in price and been fairly flat for the past year, to be undervalued. I wouldn't call it a good investment either.

Looking at a chart isn't really as important as understanding why its at the price it is. Understanding what the company does and using your observation skills is better.

I was trading when Amazon was at $20. I bought Joseph A Bank at $4 because hey, I saw their store and realized how good their business was, and their sales people were excellent. I've seen stocks go up simply because a group of people started buying and decided it was a good buy.. Because others were buying for no reason at all. I've seen stocks fall for no reason simply because a chart indicator said so, and then watch as it rebounded. I recall the days when a stock would shoot up 30% just because they opened a webpage for the first time.

All I'm saying is, dont put too much thought into charts and its stock price.

the stock price is a good indicator of when to buy - check the stock price compared to the actual value of the company as is detailed in its quarterly or annual reports. if the price of the stock is lower than the value of the company, and the company is producing real profits, you should almost always buy it unless it has some serious problem you know about.

of course, this is very difficult to do these days as most of the smart investors out there are already using AI to find these companies. this method of investing is called value investing and is one of the older and most respected methods out there, perhaps created by benjamin graham and perfected by buffett and lynch.