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You haven't own Bitcoin? You are kidding. It is easy to own some.

By MoneySheep following x   2017 Sep 10, 10:50am 286 views   12 comments   watch   quote     share  

Look at the value of Bitcoin. Check this out, Bitcoin Investment Trust (GBTC). 2 years ago it was about $30. Today, it is bout $720.



#investing
1 Patrick   2017 Sep 10, 11:00am   ↑ like (0)   ↑ dislike (0)     quote        
I added #investing to the bottom of the post so it would show up in the investing topic.
2 anonymous   2017 Sep 10, 12:33pm   ↑ like (0)   ↑ dislike (0)     quote        
I blew off bitcoin 3 years ago because I was sure it was a scam, like all the rest of the get quick schemes. Now, I see bitcoin headlines, see it mentioned alongside gold, oil, and mutual funds as common investment options. So, coming from someone who has no clue about investing anything, why is bitcoin a bad idea now or is it?
4 steverbeaver   2017 Sep 10, 5:00pm   ↑ like (0)   ↑ dislike (0)     quote        
To me the problem with Bitcoin is that it has no physical backing, nor does it have a standing army to enforce its value. Right now it's just riding on hype (IMO). The dollar has come to lack physical backing but very much has the a standing army to enforce its value. Anyone who wants to dispute this position should review what has happened to anyone who has tried to dump the dollar from being valid currency.
5 anonymous   2017 Sep 10, 5:41pm   ↑ like (0)   ↑ dislike (0)     quote        
You don't need to dump the dollar for bitcoin to continue to rise. I balked at buying it at $40. Am I buying now? Hell no...but people were screaming bubble at $400...now it's at $4000. How far do you think it falls?
6 Strategist   2017 Sep 10, 9:34pm   ↑ like (3)   ↑ dislike (3)     quote        
When my bartender recommends Bitcoin and my gardener buys some, I know it will be time to short it.
7 SpecialSnowflake   2017 Sep 10, 11:41pm   ↑ like (0)   ↑ dislike (0)     quote        
Strategist says
When my bartender recommends Bitcoin and my gardener buys some, I know it will be time to short it.


How? Can you borrow in BTC?
8 HEY YOU   2017 Sep 11, 8:47am   ↑ like (0)   ↑ dislike (0)     quote        
More Fiat!
I've got a pocket full already.

The BRICS might destroy the Reserve Fiat Currency?
Rumor is,Venezuela will accept other currencies/gold for oil.
Fiat creates debt that is repaid with Fiat.
Brilliant economic theology!

Thanks for supporting Communist China & making them a global economic powerhouse.
Bet you buy some of their Anti-American imports this week.
Thanks again.
9 mell   2017 Sep 11, 8:53am   ↑ like (2)   ↑ dislike (2)     quote        
Strategist says
When my bartender recommends Bitcoin and my gardener buys some, I know it will be time to short it.


Haha right, was about to post the same thing.
10 Quigley   2017 Sep 11, 8:53am   ↑ like (2)   ↑ dislike (2)     quote        
Currency is faith-based fiction.
Ponder that a while.
12 Strategist   2017 Sep 11, 1:39pm   ↑ like (0)   ↑ dislike (0)     quote        
null says
Strategist says
When my bartender recommends Bitcoin and my gardener buys some, I know it will be time to short it.


How? Can you borrow in BTC?


The started trading Bitcoins on the exchange.

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