#4393922 - 12/08/17 11:06 PM
Re: Do you bitcoin?
[Re: Mr_Blastman]
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JimK
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#4394061 - 12/09/17 07:50 PM
Re: Do you bitcoin?
[Re: Mr_Blastman]
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TerribleTwo
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$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.
Last edited by TerribleTwo; 12/09/17 07:56 PM.
"College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life" - Paul Ryan
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#4394240 - 12/11/17 04:47 AM
Re: Do you bitcoin?
[Re: TerribleTwo]
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Timothy
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$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.
How would they short it? I thought you couldn't do shorts anymore.
Keep Calm and Check CanopyThere are no ex-paratroopers, only ones off jump statusLearn Economics at: http://www.mises.orgCarthago delenda est
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#4394242 - 12/11/17 05:09 AM
Re: Do you bitcoin?
[Re: Mr_Blastman]
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Haggart
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I Fought Diablo
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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"
"everything lives by a law, a central balance sustains all"
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#4394244 - 12/11/17 05:42 AM
Re: Do you bitcoin?
[Re: Timothy]
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Raw Kryptonite
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Exactly what I was thinking. ...and I’d take that $10k in real estate, in a carefully researched area.
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#4394275 - 12/11/17 01:01 PM
Re: Do you bitcoin?
[Re: Mr_Blastman]
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CyBerkut
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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.
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#4394299 - 12/11/17 03:40 PM
Re: Do you bitcoin?
[Re: Mr_Blastman]
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TerribleTwo
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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.
"College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life" - Paul Ryan
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#4394302 - 12/11/17 03:46 PM
Re: Do you bitcoin?
[Re: TerribleTwo]
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PanzerMeyer
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The future is smartwatches. How come the Apple Watch hasn't been the massive seller that it was predicted to be?
“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
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#4394305 - 12/11/17 04:28 PM
Re: Do you bitcoin?
[Re: Mr_Blastman]
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JimK
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#4394315 - 12/11/17 05:18 PM
Re: Do you bitcoin?
[Re: PanzerMeyer]
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ArgonV
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The future is smartwatches. How come the Apple Watch hasn't been the massive seller that it was predicted to be? Sales are still growing, just was just slow to launch and gather momentum...
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#4394336 - 12/11/17 07:20 PM
Re: Do you bitcoin?
[Re: PanzerMeyer]
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TerribleTwo
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The future is smartwatches. How come the Apple Watch hasn't been the massive seller that it was predicted to be? 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.
Last edited by TerribleTwo; 12/11/17 07:23 PM.
"College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life" - Paul Ryan
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#4394339 - 12/11/17 07:27 PM
Re: Do you bitcoin?
[Re: Mr_Blastman]
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TerribleTwo
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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.
"College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life" - Paul Ryan
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#4394341 - 12/11/17 07:48 PM
Re: Do you bitcoin?
[Re: TerribleTwo]
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cichlidfan
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IBack 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. 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.
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#4394349 - 12/11/17 08:53 PM
Re: Do you bitcoin?
[Re: cichlidfan]
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TerribleTwo
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IBack 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. 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.
Last edited by TerribleTwo; 12/11/17 09:00 PM.
"College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life" - Paul Ryan
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Exodus
by RedOneAlpha. 04/18/24 05:46 PM
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