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I FINALLY did it!

GregM

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gallahadesquire Grand Master

gallahadesquire

Posted
Posted

An interesting examination of Stock Market bubbles can be found in David Dremen's book. Psychology of the Stock Market: Investment Strategy Beyond Random Walk. While older (1977), it shows how people get caught up in Tulips, East India Trading Co, etc. [by the way, good luck finding a copy. Mine is in my financial advisor's office under lock and key, after he lent his to someone, who didn't return it.]

 

I [admittedly] scanned this thread, and someone mentioned the Crash of 2008. This is more like the dog.com bubble of 1999-2000, in that people are investing in something with no inherent worth, but in hopes of a "bigger fool" down the line.

 

I wasn't in the internet boom, so I missed the rapid growth. I also missed the rapid disappearance of quite a bit of money. I do appreciate my Financial Counselor!

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Keith30309 Grand Master

+ Keith30309

Posted
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Word on the street BC is going to fork soon.

 

Hugs,

Greg

 

 

Reference:

If you thought
,
, and
were excessive, we’ve got a surprise for you: Bitcoin has 6 forks lined up going into the new year.

 

That’s right–six shiny new mints bearing Bitcoin’s name. Super Bitcoin, Lightning Bitcoin, Bitcoin God (no joke) Bitcoin Uranium, Bitcoin Cash Plus, and Bitcoin Silver are slated to launch throughout the Christmas and New Year holidays. This will double the number of forked currencies within the month, leaving the market with 8 total Bitcoin derivatives to choose from.

 

For those that don’t know, a hard fork is a method for developers to update and alter Bitcoin’s software. Once Bitcoin reaches a certain block height, miners switch from Bitcoin’s core software to the fork’s version. After this split, miners begin mining the new currency’s blocks, creating a new chain entirely and a currency to go with it.

 

Bitcoin Cash was the first hard fork to occur on Bitcoin’s blockchain, followed by Bitcoin Gold and Bitcoin Diamond. As you can probably imagine, hard forks have become a hot topic within the crypto community. Many believe that they are necessary for improving the network and solving Bitcoin’s scalability issue, as with Bitcoin Cash. Others have criticized them as money making schemes, as anyone holding Bitcoin at the time of a fork receives an equal share of the new currency.

 

My humble opinion... IF there were any real value in BTC and it's NOT a 100% speculative fad, then these derivations of BTC have even less real value (but, nonetheless, still present the same speculative opportunity for people like me who are bored with lottery scratch-off tickets.) Personally I don't think there's true value beneath these currencies but that doesn't negate the fact that it's a chance to outguess the next guy and make some money.

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GregM Mentor

+ GregM

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Posted
Reference:

If you thought
,
, and
were excessive, we’ve got a surprise for you: Bitcoin has 6 forks lined up going into the new year.

 

That’s right–six shiny new mints bearing Bitcoin’s name. Super Bitcoin, Lightning Bitcoin, Bitcoin God (no joke) Bitcoin Uranium, Bitcoin Cash Plus, and Bitcoin Silver are slated to launch throughout the Christmas and New Year holidays. This will double the number of forked currencies within the month, leaving the market with 8 total Bitcoin derivatives to choose from.

 

For those that don’t know, a hard fork is a method for developers to update and alter Bitcoin’s software. Once Bitcoin reaches a certain block height, miners switch from Bitcoin’s core software to the fork’s version. After this split, miners begin mining the new currency’s blocks, creating a new chain entirely and a currency to go with it.

 

Bitcoin Cash was the first hard fork to occur on Bitcoin’s blockchain, followed by Bitcoin Gold and Bitcoin Diamond. As you can probably imagine, hard forks have become a hot topic within the crypto community. Many believe that they are necessary for improving the network and solving Bitcoin’s scalability issue, as with Bitcoin Cash. Others have criticized them as money making schemes, as anyone holding Bitcoin at the time of a fork receives an equal share of the new currency.

 

My humble opinion... IF there were any real value in BTC and it's NOT a 100% speculative fad, then these derivations of BTC have even less real value (but, nonetheless, still present the same speculative opportunity for people like me who are bored with lottery scratch-off tickets.) Personally I don't think there's true value beneath these currencies but that doesn't negate the fact that it's a chance to outguess the next guy and make some money.

 

I would think that these companies feel there is value in BC https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-big-companies-that-accept-bitcoin-and-cryptocurrencies

 

Hugs,

Greg

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Keith30309 Grand Master

+ Keith30309

Posted
Posted

I think these companies accept it for different reasons... some to demonstrate they are innovative (e.g., Tesla & Microsoft), some to cast as broad a net as possible (e.g., Save The Children, Overstock), some who have a geographically-disperse customer base (like a tea company who sells in many different countries... though they have a much bigger problem with currency volatility), some for privacy (all the dating/porn sites) and some because it seems cool.

 

The most obvious use case to me are under-served/under-banked but capital-enabled niches with heavy cash flow - like cannabis wholesalers & retailers. There's a handful of companies out there who fall into this payments space where cannabis & cryptocurrencies intersect and are worth taking a look at for longer-term growth opportunities.

 

For what it's worth.

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WilliamM Grand Master

+ WilliamM

Posted
Posted

Damn, or oh, well.

 

 

Business Day

Bitcoin Plummets More Than 30 Percent in Less Than a Day

By NATHANIEL POPPER and TIFFANY HSUDEC. 22, 2017

 

Photo

23bitcoin-master768.jpg

Bitcoin rose above $19,000 on Sunday, according to Coinmarketcap.com, but has fallen through the week. Credit Benoit Tessier/Reuters

Bitcoin’s stratospheric rise hit a major bump on Friday, causing panic among buyers and the posting of suicide hotline numbers amid the current virtual currency mania.

 

The value of Bitcoin, which has surged over the past year

 

New York Times

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BenjaminNicholas Grand Master

+ BenjaminNicholas

Posted
Posted
Maybe you need to quit being a negative Nancy troll.

 

Hugs and kisses,

Greg

 

I mean, this Nancy doesn't look THAT negative, although I have serious doubts about anyone who wears this much pink.

 

And those thigh-highs make her look like a street hooker.

 

... Ah, there's the negativity.

 

http://1.bp.blogspot.com/-R_LsWUgtQms/VP7b2t-YB2I/AAAAAAABoHY/OXoc2VlcN38/s1600/1-Famosa-Nancy001.jpg

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marylander1940 Grand Master

marylander1940

Posted
Posted
Hey, doofus. You’re the one who first decided to reply directly to my post about the 20% drop, which wasn’t written to you. Grow up. And dump the misogynistic “Nancy” crap.

 

at least he didn't call you a "little girl" or anything else homophobic.

 

I mean, this Nancy doesn't look THAT negative, although I have serious doubts about anyone who wears this much pink.

 

And those thigh-highs make her look like a street hooker.

 

... Ah, there's the negativity.

 

http://1.bp.blogspot.com/-R_LsWUgtQms/VP7b2t-YB2I/AAAAAAABoHY/OXoc2VlcN38/s1600/1-Famosa-Nancy001.jpg

 

Going off subject:

 

Old toys, specially 1950's Barbie in mint (unopened package) condition have been a great investment for some.

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GregM Mentor

+ GregM

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Didn't it shoot up from 1,000 bucks to 20,000 bucks this year? What was your entry point and how long do you consider holding?

 

6421 bc was my entry. I also bought into litecoin and Ethereum. I'm downloading a more secure wallet and after I do that I will be buying more of the three and a few smaller ones. I can't say how long I am going to hold for. But with enough diversifying on the currency and through other things in a few years I'll be set. For those saying its a scam, hows that dollars purchasing power been over the years? The USD is one of the biggest scams. It's already in the works with China and Russia on removing the USD as the reserve currency and currency used for oil. When that happens well.....told ya so.

 

Hugs,

Greg

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Kenny Grand Master

Kenny

Posted
Posted

Ninety minutes ago:

 

Bitcoin fell toward $15,000 after the cryptocurrency’s biggest rally in two weeks ended a rout that wiped more than $9,000 off the price.

 

The largest digital coin fell 4.6% to $15,214 at 10:08 a.m. in New York, having earlier climbed as much as 3.6%. Among rival digital currencies, ripple extended its gains to 9.6%, while ethereum and litecoin fell 1.2% and 6.2% respectively, according to data compiled by Bloomberg.

 

The relatively quiet day for bitcoin comes on the heels of a five-day slump that reached 44% at its depths and took the coin below $11,000 on Friday. Just four days earlier, it rose within striking distance of $20,000 after a torrid advance that started in early December.

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Kenny Grand Master

Kenny

Posted
Posted
I mean, this Nancy doesn't look THAT negative, although I have serious doubts about anyone who wears this much pink.

 

And those thigh-highs make her look like a street hooker.

 

... Ah, there's the negativity.

 

http://1.bp.blogspot.com/-R_LsWUgtQms/VP7b2t-YB2I/AAAAAAABoHY/OXoc2VlcN38/s1600/1-Famosa-Nancy001.jpg

What’s that blue arrow pointing at?

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