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90
Patrick
2018 Jan 12, 7:29pm
Patrick
2018 Jan 12, 7:29pm
TwoScoopsPlissken says
I like this idea. In a way, energy is already the global currency, as oil. But it should be expressed in a more abstract way, megajoules maybe.
Here's an idea for currency: One whose value is linked to the total energy production of Humanity. The Kardashev.
I like this idea. In a way, energy is already the global currency, as oil. But it should be expressed in a more abstract way, megajoules maybe.
91
WatermelonUniversity
2018 Jan 15, 12:28pm
WatermelonUniversity
2018 Jan 15, 12:28pm
having mined over a million of bitcoins before anyone even had the chance Satoshi Nakamoto is a multi billionaires now. no wonder he disappeared.
he's slowing cashing out thanks to newer victims to his brilliant ponzi scheme.
he's slowing cashing out thanks to newer victims to his brilliant ponzi scheme.
92
joshuatrio
2018 Jan 16, 9:04am
joshuatrio
2018 Jan 16, 9:04am
Cryptos dipped hard last night. I bought more BCH this morning @ $2,058.
94
CBOEtrader
2018 Jan 16, 11:40am
CBOEtrader
2018 Jan 16, 11:40am
BorderPatrol says
Maybe. I'd love to know the story behind this.
Thing is, the entire world is already used to fiat currency. Is this any different?
having mined over a million of bitcoins before anyone even had the chance Satoshi Nakamoto is a multi billionaires now. no wonder he disappeared.
he's slowing cashing out thanks to newer victims to his brilliant ponzi scheme.
Maybe. I'd love to know the story behind this.
Thing is, the entire world is already used to fiat currency. Is this any different?
97
Hircus
2018 Jan 16, 3:20pm
Hircus
2018 Jan 16, 3:20pm
Hm, this crypto crash is pretty violent. Might this be "the big one"?
I guess this was caused by China's threat to miners, yesterday?
I guess this was caused by China's threat to miners, yesterday?
98
WookieMan
2018 Jan 16, 3:28pm
WookieMan
2018 Jan 16, 3:28pm
goat says
Bitcoin still has a $10k+ USD value. There's MUCH more to come for something that has no describable value from anyone I would trust.
Wookie Disclaimer: Note, I'm completely aware you can make money on this. So please don't take my pessimism as being a total hater of crypto. I would never touch it though and have discretionary funds available to completely lose in this market. I'll take a 8-14% gains nine out of ten times versus losing 80% of an investment in fake money to try and grab a 1,000% gain. You have better odds playing the penny stock market IMO.
Might this be "the big one"?
Bitcoin still has a $10k+ USD value. There's MUCH more to come for something that has no describable value from anyone I would trust.
Wookie Disclaimer: Note, I'm completely aware you can make money on this. So please don't take my pessimism as being a total hater of crypto. I would never touch it though and have discretionary funds available to completely lose in this market. I'll take a 8-14% gains nine out of ten times versus losing 80% of an investment in fake money to try and grab a 1,000% gain. You have better odds playing the penny stock market IMO.
101
anonymous
2018 Jan 16, 5:34pm
what a party. What’s the return policy with lamborghini? Time to buy at a discount or sell it all? All time highs soon? Who knows. Enjoy the ride.
102
joshuatrio
2018 Jan 17, 6:28am
joshuatrio
2018 Jan 17, 6:28am
Holy crap it's tanking hard. After I bought in at around $2k. I sold at $1950, after realizing the plummeting wasn't over. Glad I did. BCH is like $1400 now, and BTC is at 9700.
POPPING FAST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
POPPING FAST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
106
anonymous
2018 Jan 17, 10:14am
Oh man.... I put bitcoin buy orders in between 8-9k. Was hoping it dips more. See strong buy activity at the moment. Some people will make a killing off this dip. I was hoping the panic sellers will put more pressure on the prices. Oh well, at least I picked up some ltc and ETH on the low side. If we start the rally now I will add more to all my positions.
107
mell
2018 Jan 17, 11:11am
anon_b7985 says
You can't see any activity as most buy and sell cycles are really lengthy (take 24 hours or more) until this is better controlled with many ETFs and futures. This is at the mercy of the few whales and already lost 50% for its peak. Could crash further if more whales decide to sell.
Oh man.... I put bitcoin buy orders in between 8-9k. Was hoping it dips more. See strong buy activity at the moment. Some people will make a killing off this dip. I was hoping the panic sellers will put more pressure on the prices. Oh well, at least I picked up some ltc and ETH on the low side. If we start the rally now I will add more to all my positions.
You can't see any activity as most buy and sell cycles are really lengthy (take 24 hours or more) until this is better controlled with many ETFs and futures. This is at the mercy of the few whales and already lost 50% for its peak. Could crash further if more whales decide to sell.
108
anonymous
2018 Jan 17, 11:41am
Unbelievable people still call these as “dips” as if this is amazon where price is almost guaranteed to go up long term because of strong business model, revenue and constant innovation.
110
RWSGFY
2018 Jan 17, 11:45am
RWSGFY
2018 Jan 17, 11:45am
mell says
Nah, it'll recover by lunchtime.
anon_b7985 saysOh man.... I put bitcoin buy orders in between 8-9k. Was hoping it dips more. See strong buy activity at the moment. Some people will make a killing off this dip. I was hoping the panic sellers will put more pressure on the prices. Oh well, at least I picked up some ltc and ETH on the low side. If we start the rally now I will add more to all my positions.
You can't see any activity as most buy and sell cycles are really lengthy (take 24 hours or more) until this is better controlled with many ETFs and futures. This is at the mercy of the few whales and already lost 50% for its peak. Could crash further if more whales decide to sell.
Nah, it'll recover by lunchtime.
111
fdhfoiehfeoi
2018 Jan 17, 1:38pm
fdhfoiehfeoi
2018 Jan 17, 1:38pm
50% plunge since before Christmas, fad investments come and go so quickly...
113
anonymous
2018 Jan 17, 5:28pm
Aaaah, the rocket started :( not all of my buy orders filled. We are Witnessing a mega rally now.....wish I could have picked up more but happy I got a steal on a few ones. Gotta be happy for what I got during this dip. Would not be surprised if we see new all time highs soon.
114
anonymous
2018 Jan 17, 6:23pm
anon_b7985 says
I wish I had more ETH
I’m curious to here the reasoning of all the people who keep saying that it is a bubble and how they’re so sure it’s going down. I just glanced at the charts, I’m not so certain that it’s a bubble or that it’s popped. Bitcoin is 50% off it’s peak deserves some context. How many ‘bitholders’ were created at the peak?
Ethereum is still up 50% from 5 weeks ago lol.
Aaaah, the rocket started :( not all of my buy orders filled. We are Witnessing a mega rally now.....wish I could have picked up more but happy I got a steal on a few ones. Gotta be happy for what I got during this dip. Would not be surprised if we see new all time highs soon.
I wish I had more ETH
I’m curious to here the reasoning of all the people who keep saying that it is a bubble and how they’re so sure it’s going down. I just glanced at the charts, I’m not so certain that it’s a bubble or that it’s popped. Bitcoin is 50% off it’s peak deserves some context. How many ‘bitholders’ were created at the peak?
Ethereum is still up 50% from 5 weeks ago lol.
115
mell
2018 Jan 17, 6:48pm
errc says
It's backed by nothing, at least the supply is limited, but nobody knows what the intrinsic value is and the turnaround times for buys and sells are way too long to not get stuck. As a form of payment it is here to stay but I doubt we will see new highs any time soon, more likely more corrections. I'd agree though that the frenzy/mania hasn't settled yet and it may be too soon to call it done.
anon_b7985 saysAaaah, the rocket started :( not all of my buy orders filled. We are Witnessing a mega rally now.....wish I could have picked up more but happy I got a steal on a few ones. Gotta be happy for what I got during this dip. Would not be surprised if we see new all time highs soon.
I wish I had more ETH
I’m curious to here the reasoning of all the people who keep saying that it is a bubble and how they’re so sure it’s going down. I just glanced at the charts, I’m not so certain that it’s a bubble or that it’s popped. Bitcoin is 50% off it’s peak deserves some context. How many ‘bitholders’ were created at the peak?
Ethereum is still up 50% from 5 weeks ago lol.
It's backed by nothing, at least the supply is limited, but nobody knows what the intrinsic value is and the turnaround times for buys and sells are way too long to not get stuck. As a form of payment it is here to stay but I doubt we will see new highs any time soon, more likely more corrections. I'd agree though that the frenzy/mania hasn't settled yet and it may be too soon to call it done.
116
WookieMan
2018 Jan 17, 7:09pm
WookieMan
2018 Jan 17, 7:09pm
errc says
What charts would you compare it to? Being serious here. I don't think there's another asset, product or company this compares to. I seriously wish you luck in your endeavors in this market. I just don't think your typical chart strategy works with crypto as it's not a "normal" market if that makes sense.
I think I've said this before in a crypto thread, maybe even this one. If you're not maxed out in your tax deferred account and you're investing in this I do have to question your intelligence. If you're playing with funny money after fully funding those accounts, have fun and I wish you well.
If you don't understand this perspective (not you personally errc) then you likely don't make enough money to be buying crypto currencies. You're literally gambling and pissing away immediate tax savings and the compounding nature of those savings over time.
I just glanced at the charts, I’m not so certain that it’s a bubble or that it’s popped.
What charts would you compare it to? Being serious here. I don't think there's another asset, product or company this compares to. I seriously wish you luck in your endeavors in this market. I just don't think your typical chart strategy works with crypto as it's not a "normal" market if that makes sense.
I think I've said this before in a crypto thread, maybe even this one. If you're not maxed out in your tax deferred account and you're investing in this I do have to question your intelligence. If you're playing with funny money after fully funding those accounts, have fun and I wish you well.
If you don't understand this perspective (not you personally errc) then you likely don't make enough money to be buying crypto currencies. You're literally gambling and pissing away immediate tax savings and the compounding nature of those savings over time.
118
anonymous
2018 Jan 17, 7:24pm
NuttBoxer says
and all those Patnetter that bought using their credit card will really be crying soon when the card statement comes due at the end of the month.
50% plunge since before Christmas, fad investments come and go so quickly...
and all those Patnetter that bought using their credit card will really be crying soon when the card statement comes due at the end of the month.
119
anonymous
2018 Jan 17, 8:20pm
I would not buy on a cc. Bank acct works fine. Just dollar cost average by using some of your paycheck money. Worked well for me. On dips like we had the last two days I take a chunk of money, set buy limits, wake up and made already money. Love it. Crypto is a once in a life time chance to make some serious dough. If 2018 is going to be as profitable as 2017 was I am set financially.
120
anonymous
2018 Jan 17, 8:20pm
Errc,
“I wish I had more ETH”
Same here, I bought a few more on the dip. I am also long on Cardano (ADA). The founder is a co-founder of ETH. ADA seems to be a very promising platform with major improvements compared to ETH. They are very early stage though. I bought a bunch and are looking to add as soon as it dips to 50 cents or below. EOS is also a platform that I heard good things about. Planning on making a move into EOS as well.
“I wish I had more ETH”
Same here, I bought a few more on the dip. I am also long on Cardano (ADA). The founder is a co-founder of ETH. ADA seems to be a very promising platform with major improvements compared to ETH. They are very early stage though. I bought a bunch and are looking to add as soon as it dips to 50 cents or below. EOS is also a platform that I heard good things about. Planning on making a move into EOS as well.
121
anonymous
2018 Jan 17, 8:20pm
WookieMan says
I read an article the other day that said close to 25% of crypto buyers are using their credit card for purchases. This tells you that they don't have spare cash laying around to gamble with. It also tells you that a good chuck of these buyers are Millennials searching for the next "get rich quick scheme" or the newest version of the "Nigerian email scam".
How many current buyers are college kids using their school loan money to buy crypto?
This is going to end badly.
If you don't understand this perspective (not you personally errc) then you likely don't make enough money to be buying crypto currencies.
I read an article the other day that said close to 25% of crypto buyers are using their credit card for purchases. This tells you that they don't have spare cash laying around to gamble with. It also tells you that a good chuck of these buyers are Millennials searching for the next "get rich quick scheme" or the newest version of the "Nigerian email scam".
How many current buyers are college kids using their school loan money to buy crypto?
This is going to end badly.
122
anonymous
2018 Jan 17, 8:20pm
“Just get out while you can!!!”
Why? We have not even really started yet. Institutional money is coming in. A lot of buyers are waiting on the sidelines until they can sign up on exchanges. Lite coin, bitcoin cash will be more and more accepted as payment form, lighting network is coming for bitcoin etc. 2018 will be big! Once we hit a few trillion market cap I might start cashing out. But we are 1-2 years away from that IMO.
Why? We have not even really started yet. Institutional money is coming in. A lot of buyers are waiting on the sidelines until they can sign up on exchanges. Lite coin, bitcoin cash will be more and more accepted as payment form, lighting network is coming for bitcoin etc. 2018 will be big! Once we hit a few trillion market cap I might start cashing out. But we are 1-2 years away from that IMO.
123
Maga_Chaos_Monkey
2018 Jan 17, 9:40pm
Maga_Chaos_Monkey
2018 Jan 17, 9:40pm
I asked a co-worker if he got out today and he said no. He said this exact pattern happens every year at this exact time and that the scale is just higher each year. Something about Chinese New Year and some other stuff. That it'll be back up in a month and so he's just riding it out.
Wow.
Damn I'd have sold last year maybe before it reached 7K, but that's just me.
Wow.
Damn I'd have sold last year maybe before it reached 7K, but that's just me.
124
anonymous
2018 Jan 17, 9:47pm
Kids these days need to read a book or two on investment before wasting money.
“YOLO” investors are featured in every investment book as bad examples of how investment should not be done. They don’t last long.
“YOLO” investors are featured in every investment book as bad examples of how investment should not be done. They don’t last long.
125
WatermelonUniversity
2018 Jan 17, 10:12pm
WatermelonUniversity
2018 Jan 17, 10:12pm
errc says
it's a bubble since day 1 because it will go down to 0 or near zero.
gov will eventually ban it because they can't track and tax bitcoin payments.
I’m curious to here the reasoning of all the people who keep saying that it is a bubble
it's a bubble since day 1 because it will go down to 0 or near zero.
gov will eventually ban it because they can't track and tax bitcoin payments.
126
anonymous
2018 Jan 18, 6:46am
Cyber Currency/bitcoin etc. with near certainty, are a bubble. I'd put the probability at over 99%. Though it may be early in its bubble life, all the cyber currencies we know of, will eventually crash to near zero if not actual zero.
Here, I'll start with Nasdaq's "why bitcoin is not a bubble" and dismantle their thesis point by point:
http://www.nasdaq.com/article/five-reasons-why-bitcoin-is-not-a-bubble-cm864891
1. growing acceptance as legal tender. Maybe, but that could reverse just as easily. However, that will literally not help bitcoin at all in the long run. Bitcoin will only maintain significant value if people hold it as an INVESTMENT. If they use bitcoin to pay for stuff, but keep their money in regular money, in their resident country, then they only fleetingly have bitcoin, so it makes no difference as an investment. Further, there are actually better/easier/quicker ways to pay for stuff. Why would I or anyone else care if a restaurant accepts bitcoin to pay for my dinner, when I can toss a credit card down and get 2% or 3% in benefits, while paying $0 transaction fees. Also, it will be processed instantly, not with however godawful minutes are sometimes required before bitcoin confirms. AND, there are already better/easier ways to send money around the world.
2. Increase merchant adoption. Nope, doesn't matter at all. See my response to #1 above. Further, bitcoin's volatility literally makes it useless for anything but an instant transaction. If I wrote a rental contract in bitcoin, the freaking rent could triple, or go down by half in a few days! So, it only really works for instant transactions, and then you could buy the bitcoin/pay/receive/sell the bitcoin; However, that is just an overly complicated way of paying for your latte!
3. Bitcoin is increasingly acting as a store of wealth in some distressed countries. Yeah! We finally have a reason that isn't just silly on its surface! Yes, as a store of wealth, you'd have to keep the bitcoin as bitcoin, hence creating demand. Dr. Robert Shiller mentioned that, say you'd been living in Latvia or Lithuania, when the Soviets rolled in, well bitcoin would have been a better option than holding your money in a bank, or owning a house. The communists seized homes, they seized bank accounts. But your bitcoin would have been safe. However, we don't really have communists anywhere anymore; People own homes in China, Russia, they have bank accounts. The fear of that is really tinfoil hat level. Also, any sophisticated government taking like that, could seize the bank records, and find out that you bought bitcoin, so you'd only be really getting minimal protection.
4. Bitcoin has only just gone mainstream. Seriously? EVERY bubble has a point where it suddenly goes mainstream! Remember 2005, when everyone was talking about how much their home went up in value? flip my ass was on tv all the time? Remember the dot.com craze? Beanie babies? Arabian horse investment pools? Nifty Fifty stocks? Tulips? They all do this! So, while that may mean it has a ways to grow for now, by no means does that mean it won't crash later!
5. Bitcoin's supply is limited. There will only end up being 21 million coins. But there is a problem with this logic: Limited supply is only one factor that causes something to be valuable. You show me an old car that is in limited supply and has high collectable value, I'll show you an old car that has limited supply and junk value; You show me A valuable renaissance painting that has limited supply, and I'll find 100 other painters from the same period whose art is sold at garage sales;
And now for some real potential problems with bitcoin:
1. Government crackdown. While the transactions in bitcoin itself can't be stopped, at some point, you'll need to either put money in, or take money out, and those are vulnerabilities for regular financial institutions to report you.
2. Duplication. There are already something like 1000 cyber currencies. we could add a 1000 more in the next couple of months.There is really very little barrier to designing a cyber currency. Do you think they will all stay around, and go up in value like crazy? No? only certain ones? well, how do you know Bitcoin1000 won't come out tomorrow, with a better program, a better methodology, or just even better marketing, and be the new hot one? Just because Bitcoin or Ethereum are the first doesn't mean they will survive long term! Ericsson phone, or blackberry ring a bell?
3. Value. Bitcoin literally has a value of zero, as an investment. By that I mean fundamental value analysis from economics. You can value a stock by its predicted future earnings. You can value a house by its predicted rental amount. Of course, those predictions vary on lots of factors: future rents, economic growth, future interest rates, repairs to the house etc, but as inexact as it is, there is a value to a future income. A bitcoin makes nothing. Ever.
4. Bitcoin has become a stampede of "greater fools." Look up THIS THREAD, to see people saying essentially, "buy it, because it will go up!" When the fundamental reason to buy an investment, is because it is going up.... You got yourself a bubble!
Go ahead and make fun of me!
Everybody made fun of me when I predicted the housing bubble in 2005!
Everybody made fun of me when I claimed the bottom was in for housing 2009-2010!
Here, I'll start with Nasdaq's "why bitcoin is not a bubble" and dismantle their thesis point by point:
http://www.nasdaq.com/article/five-reasons-why-bitcoin-is-not-a-bubble-cm864891
1. growing acceptance as legal tender. Maybe, but that could reverse just as easily. However, that will literally not help bitcoin at all in the long run. Bitcoin will only maintain significant value if people hold it as an INVESTMENT. If they use bitcoin to pay for stuff, but keep their money in regular money, in their resident country, then they only fleetingly have bitcoin, so it makes no difference as an investment. Further, there are actually better/easier/quicker ways to pay for stuff. Why would I or anyone else care if a restaurant accepts bitcoin to pay for my dinner, when I can toss a credit card down and get 2% or 3% in benefits, while paying $0 transaction fees. Also, it will be processed instantly, not with however godawful minutes are sometimes required before bitcoin confirms. AND, there are already better/easier ways to send money around the world.
2. Increase merchant adoption. Nope, doesn't matter at all. See my response to #1 above. Further, bitcoin's volatility literally makes it useless for anything but an instant transaction. If I wrote a rental contract in bitcoin, the freaking rent could triple, or go down by half in a few days! So, it only really works for instant transactions, and then you could buy the bitcoin/pay/receive/sell the bitcoin; However, that is just an overly complicated way of paying for your latte!
3. Bitcoin is increasingly acting as a store of wealth in some distressed countries. Yeah! We finally have a reason that isn't just silly on its surface! Yes, as a store of wealth, you'd have to keep the bitcoin as bitcoin, hence creating demand. Dr. Robert Shiller mentioned that, say you'd been living in Latvia or Lithuania, when the Soviets rolled in, well bitcoin would have been a better option than holding your money in a bank, or owning a house. The communists seized homes, they seized bank accounts. But your bitcoin would have been safe. However, we don't really have communists anywhere anymore; People own homes in China, Russia, they have bank accounts. The fear of that is really tinfoil hat level. Also, any sophisticated government taking like that, could seize the bank records, and find out that you bought bitcoin, so you'd only be really getting minimal protection.
4. Bitcoin has only just gone mainstream. Seriously? EVERY bubble has a point where it suddenly goes mainstream! Remember 2005, when everyone was talking about how much their home went up in value? flip my ass was on tv all the time? Remember the dot.com craze? Beanie babies? Arabian horse investment pools? Nifty Fifty stocks? Tulips? They all do this! So, while that may mean it has a ways to grow for now, by no means does that mean it won't crash later!
5. Bitcoin's supply is limited. There will only end up being 21 million coins. But there is a problem with this logic: Limited supply is only one factor that causes something to be valuable. You show me an old car that is in limited supply and has high collectable value, I'll show you an old car that has limited supply and junk value; You show me A valuable renaissance painting that has limited supply, and I'll find 100 other painters from the same period whose art is sold at garage sales;
And now for some real potential problems with bitcoin:
1. Government crackdown. While the transactions in bitcoin itself can't be stopped, at some point, you'll need to either put money in, or take money out, and those are vulnerabilities for regular financial institutions to report you.
2. Duplication. There are already something like 1000 cyber currencies. we could add a 1000 more in the next couple of months.There is really very little barrier to designing a cyber currency. Do you think they will all stay around, and go up in value like crazy? No? only certain ones? well, how do you know Bitcoin1000 won't come out tomorrow, with a better program, a better methodology, or just even better marketing, and be the new hot one? Just because Bitcoin or Ethereum are the first doesn't mean they will survive long term! Ericsson phone, or blackberry ring a bell?
3. Value. Bitcoin literally has a value of zero, as an investment. By that I mean fundamental value analysis from economics. You can value a stock by its predicted future earnings. You can value a house by its predicted rental amount. Of course, those predictions vary on lots of factors: future rents, economic growth, future interest rates, repairs to the house etc, but as inexact as it is, there is a value to a future income. A bitcoin makes nothing. Ever.
4. Bitcoin has become a stampede of "greater fools." Look up THIS THREAD, to see people saying essentially, "buy it, because it will go up!" When the fundamental reason to buy an investment, is because it is going up.... You got yourself a bubble!
Go ahead and make fun of me!
Everybody made fun of me when I predicted the housing bubble in 2005!
Everybody made fun of me when I claimed the bottom was in for housing 2009-2010!
127
anonymous
2018 Jan 18, 6:47am
“gov will eventually ban it because they can't track and tax bitcoin payments.”
Oh, that’s very incorrect. People still think bitcoin transactions are anonymous? You haven’t kept up with the news. There is a variety of software solutions designed for exactly that purpose. It took just a few minutes for me to do my crypto taxes utilizing this software. Even though I used several exchanges and hundreds of transactions. Made it easy for me. Do you think the IRS is not capable of doing the same? Just google it. If you invest in crypto you better pay your taxes!! You want to work with the system not against!
Oh, that’s very incorrect. People still think bitcoin transactions are anonymous? You haven’t kept up with the news. There is a variety of software solutions designed for exactly that purpose. It took just a few minutes for me to do my crypto taxes utilizing this software. Even though I used several exchanges and hundreds of transactions. Made it easy for me. Do you think the IRS is not capable of doing the same? Just google it. If you invest in crypto you better pay your taxes!! You want to work with the system not against!
128
anonymous
2018 Jan 18, 6:47am
https://bitcoinexchangeguide.com/bitcoin-taxes-irs-tracking-software-cryptocurrency-classification/
Here is just one link of how the IRS utilized tracking software. If you had holdings of a certain amount some exchanges have to report you to the tax man no matter what:
http://fortune.com/2017/11/29/irs-coinbase
Sure, nobody likes paying taxes but I don’t mind it that much. It just showed me how massive my crypto gains were.
Here is just one link of how the IRS utilized tracking software. If you had holdings of a certain amount some exchanges have to report you to the tax man no matter what:
http://fortune.com/2017/11/29/irs-coinbase
Sure, nobody likes paying taxes but I don’t mind it that much. It just showed me how massive my crypto gains were.
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Hi guys,
I'd like to start a conversation on crypto-currency, particularly Bitcoin.
What do you all think about it from an investment point of view today? I have some buddies in the finance world who are quite bullish on it and claim we are just scratching the surface. Judging by the recent performance, they may be right.
For people who are investing in Bitcoin, what are you using to invest and what recommendations do you have for a new investor?
Also, how are gains taxed compared to typical stock market gains?
I read this week that over 100,000 merchants in the USA are accepting Bitcoin today.
At the same time, digital currency does scare me a bit as it seems so abstract. Curious what PatNet thinks.
Thanks guys!