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BIT COIN (S)

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bol-uk said:
yEH, IT WAS JUST THE FIRST "FORECAST" PAGE i OPENED

Sh111t, I work in caps lock and keep forgetting to turn it off.
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If Bitcoin was genuinely felt by proper financial advisors to be worth 2.5 times in January what it is today everyone would be throwing serious wedge at it.

I look at it and think it's one of:
  • absolute charlatans playing an extremely long game while allowing some rather sinister sorts to cycle their cash
  • an indicator that behind the scenes serious people are losing significant confidence in traditional markets and we're on the verge of a Depression
  • it's another dotcom / subprime mortgage style boom that will tank eventually
As I think @SerenityNigh says earlier, currency is underpinned by the idea of relative value - what's BitCoin measured against? Anything tangible?
 
I'd be amazed if this didn't pop big-style before too long. It only has value as long as people place value on it - that is a very shaky concept for a currency. Usually currency is underpinned by something.
 
bol-uk said:
wHY DO YOU SEE "WILD GROWTH" AS A NEGATIVE?
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Because it suggests ridiculous levels of potential downswing. Just as an example, a horse trades considerably less / shorter in-running on the Exchange as its perceived chance of winning increases. This is a totally understandable change in price. Do you know why exactly Bitcoin has seen this period of massive growth? If you do, great, you probably also have the info as to where it is expected to go next (and why). If you don't, you're investing in a volatile product without knowing everything about it - which again, might work for you, but I wouldn't.
 
orly said:
If Bitcoin was genuinely felt by proper financial advisors to be worth 2.5 times in January what it is today everyone would be throwing serious wedge at it.

I look at it and think it's one of:
  • absolute charlatans playing an extremely long game while allowing some rather sinister sorts to cycle their cash
  • an indicator that behind the scenes serious people are losing significant confidence in traditional markets and we're on the verge of a Depression
  • it's another dotcom / subprime mortgage style boom that will tank eventually
As I think @SerenityNigh says earlier, currency is underpinned by the idea of relative value - what's BitCoin measured against? Anything tangible?
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My son is a network engineer any firms hard drive locked by crooks cyber attacks they always want paying a ransome via bit coin i.e. It's untraceable !
Your savings could go pop with this firm imo!
 

The concern is with China pulling the plug IMO. At the same time Russia and Canada (and the isle Man!) have moved further toward promoting Bit coin type currencies. Richard Branson has just invested heavily too.

It really could go either way, I love a gamble and may just take one here...
 
orly said:
Because it suggests ridiculous levels of potential downswing. Just as an example, a horse trades considerably less / shorter in-running on the Exchange as its perceived chance of winning increases. This is a totally understandable change in price. Do you know why exactly Bitcoin has seen this period of massive growth? If you do, great, you probably also have the info as to where it is expected to go next (and why). If you don't, you're investing in a volatile product without knowing everything about it - which again, might work for you, but I wouldn't.
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So, basically, like any investment, it is a gamble (look at most FTSE charts and they swing all over). It does offer good potential though, which I like. I am not risk adverse and have spare capital, whay have I got to lose .... £'s
 
bol-uk said:
The concern is with China pulling the plug IMO. At the same time Russia and Canada (and the isle Man!) have moved further toward promoting Bit coin type currencies. Richard Branson has just invested heavily too.

It really could go either way, I love a gamble and may just take one here...
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Fair enough mate, I'll be delighted if and when it works out for you. Would have been a cheaper punt in January of course!

According to the short-term tracker it's done 10% growth today.
 

bol-uk said:
So, basically, like any investment, it is a gamble (look at most FTSE charts and they swing all over). It does offer good potential though, which I like. I am not risk adverse and have spare capital, whay have I got to lose .... £'s
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Absolutely, if you've got it and can stand the risk, crack on.

upload_2017-9-7_14-34-24.webp

upload_2017-9-7_14-35-21.webp

Always better to look at the Index as a whole mein frandel. Sustained growth with realistic floor points. BitCoin doesn't (yet) have these.
 
bol-uk said:
The concern is with China pulling the plug IMO. At the same time Russia and Canada (and the isle Man!) have moved further toward promoting Bit coin type currencies. Richard Branson has just invested heavily too.

It really could go either way, I love a gamble and may just take one here...
Click to expand...
Never mind China the Russian influence is tremendous on the hacking of computers- they take millions in ransoms on bit coin !
 

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