Where will Bitcoin be on 9/4/2018?

Page 4 of 23<1234567>Last »
Poll
No votes (0%)
No votes (0%)
No votes (0%)
No votes (0%)
1 vote (11.11%)
2 votes (22.22%)
2 votes (22.22%)
1 vote (11.11%)
No votes (0%)
3 votes (33.33%)

9 members have voted

September 14th, 2017 at 3:23:38 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 105
Posts: 7501
Quote: Pacomartin
I would say "negative statement" is an understatement.

JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up. It's worse than tulip bulbs. It won't end well. Someone is going to get killed.


Word around the campfire is that Jamie has had many patents for his own crypto crushed. True or meme I do not know. Do know though that cryptos are a threat to his livelyhood. They will not replace him, but they do make him less necessary.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
September 14th, 2017 at 6:19:09 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 774
Posts: 9167
Quote: AZDuffman
Word around the campfire is that Jamie has had many patents for his own crypto crushed.


It is certainly true that JPMorgan Chase has begun a trial project using blockchain to cut the cost and hassle of trading.



Blockchain has caught the imagination of the financial services industry within the past year, with a host of companies vowing to find ways to use it to reshape many of their daily operations, from upgrading old back-office systems to automatic execution of contracts.The technology is essentially a digital public database of events that is continuously maintained and verified in “blocks” of records and shared among various parties. This means payment ledgers can be instantly updated in multiple locations without a single, centralised authority.
https://www.ft.com/content/2d3f9296-c5ef-11e5-b3b1-7b2481276e45
Copyright The Financial Times Limited 2017. All rights reserved.
September 14th, 2017 at 4:11:15 PM permalink
Aussie
Member since: May 10, 2016
Threads: 2
Posts: 305
Quote: AZDuffman
Not much, just started putting $40 a month in each of Bitcoin and Etherium. I use the coinbase exchange. If you use me as a referral we can each get $10 in Bitcoin. You can hold it on the exchange just like stock or put it into a wallet. I have yet to have enough to make a wallet worth it, but soon will try. Maybe report back here when I do.



Happy to use your referral if I can easily use the service form Australia. PM me the details and I will give it a go when I come to buy.
September 14th, 2017 at 7:04:18 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 190
Posts: 3886
Bitcoin now around $3420. About a 30% drop from its recent all-time high.
Knowledge is Good -- Emil Faber
September 14th, 2017 at 8:47:12 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 18
Posts: 2505
Quote: Pacomartin
As a rule, there is nothing that offends us more than a new kind of money. Robert Lynd, The Pleasures of Ignorance (1921), p. 215.
Sounds like maybe you might have read, "https://wrathoftheawakenedsaxon.files.wordpress.com/2016/09/creaturefromjekyllislandbyg-edward-g-edwardgriffin.pdf? It should be required reading, imo.
Everyone gets thrown from the plane to maintain altitude
September 14th, 2017 at 9:04:00 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 774
Posts: 9167
Quote: petroglyph
It should be required reading, imo.


The book is 600 pages!

A lot of money goes to money-heaven. Björgólfur Thor Björgólfsson, who lost a billion dollars in the Icelandic crisis.


As one of the wealthiest societies in the world a decade ago, it reminds us that central bank money can take just as nasty a turn as crypto currency.

Quote: Wizard
Bitcoin now around $3420. About a 30% drop from its recent all-time high.


The Icelandic Crown last 50% of it's value in a year. Now that it is more stable and tourism is at an all time high in Iceland, they are thinking of pegging it to the Euro.

The largest banknote 10,000 ISK =79.75 EUR.

Of course, if it was pegged it would be convenient to make it 100:1, but you could accomplish the same thing by switching the ISK to an electronic currency, and then issue new denominations of ISK that are parity with the Euro. You could simply collect Euro banknotes from the tourists and use them on the island.
September 14th, 2017 at 9:23:19 PM permalink
Aussie
Member since: May 10, 2016
Threads: 2
Posts: 305
Quote: Wizard
Bitcoin now around $3420. About a 30% drop from its recent all-time high.



Hoping it goes lower. US$2,500 and I will start becoming interested.
September 14th, 2017 at 9:39:12 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 774
Posts: 9167
Quote: Wizard
Bitcoin now around $3420. About a 30% drop from its recent all-time high.


Ethereum is down 40% from two weeks ago. The Market Cap of all 888 crypto coins (besides bitcoin) dropped from nearly $100 billion to $60 billion.
September 14th, 2017 at 10:48:45 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 18
Posts: 2505
Quote: Pacomartin
The book is 600 pages!
I'd forgotten how long it was.
Everyone gets thrown from the plane to maintain altitude
September 18th, 2017 at 3:39:22 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 105
Posts: 7501
Quote: Wizard
Bitcoin now around $3420. About a 30% drop from its recent all-time high.


Now back to just under $4100, and showing some momentum. Jamie's statements might have worn off.

Here is the thing, really the strength here is that outsiders and noncomformists are the market. With limited supply, if just a very small percent of the world is in said group, it should stay around. 9 years?

Now, IMHO we have too many other tokens popping up out there. They will almost all fail. But like the dotcom boom, the few strong will remain.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
Page 4 of 23<1234567>Last »