Bitcoin

Discussion in 'Politics' started by GMDGator, Nov 10, 2017.

  1. Detroitgator

    Detroitgator General Factotum
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    I see what you did there
     
    • Gator Fever

      Gator Fever Senior Member

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      Curious to see what Bitcoin does from this point on. I think whales control close to 50% of it so I think you will see it jump quite a bit a few more times as they try to cash out hoping to leave the little guys holding the bag but if it really craters in the long term I think I read it would be the biggest bubble like this in history by some metrics - even more than that tulip bubble.
       
    • AugustaGator

      AugustaGator Junior Member
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    • Taco Gratis

      Taco Gratis Often wrong, never in doubt.

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      [​IMG]
       
      • Taco Gratis

        Taco Gratis Often wrong, never in doubt.

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      • Gator Fever

        Gator Fever Senior Member

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        ^ In other words a standard bubble no matter what it does in the short term from here.
         
      • Taco Gratis

        Taco Gratis Often wrong, never in doubt.

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        [​IMG]
         
        • AugustaGator

          AugustaGator Junior Member
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          Where’s the shoe shine boy?
           
          • Swamp Donkey

            Swamp Donkey Wait til 2025
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            I decided to shift all my retirement to bitcoin and heroin futures.

            As far as I can tell the only use for bitcoin is to buy darkweb drugs and foreign child porn. Seems like the growth potential is unlimited.
             
            • Zambo

              Zambo Poo Flinger
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            • Detroitgator

              Detroitgator General Factotum
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            • Zambo

              Zambo Poo Flinger
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              My biggest pet peeve with Wall Street, aka America's Favorite Casino. The big guys don't invest in the market. They control it.

              You know what I like? Land. Classic cars. Real things. I hate the fact that much of my net worth is simply digital ones and zeros floating around cyberspace. I also hate the fact that people are so infatuated with creating wealth out of thin air. Just buy the right digital thing at the right time and sell it at the right time and without doing a lick of work,...presto....you're rich. Just a damn pyramid scheme.
               
              • Detroitgator

                Detroitgator General Factotum
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                90% of everything I own/have invested in is “tangible”... it’s a different path to take, but it’s worked for me.
                 
                • Taco Gratis

                  Taco Gratis Often wrong, never in doubt.

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                • Detroitgator

                  Detroitgator General Factotum
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                  One more thing about this vis a vis the “Goldman’s” of the world...

                  Google “Blythe Masters” and read her Wiki bio. Look at all the things she was on the FRONT end of at JP Morgan and what she’s doing now and tell me if she/they think this is going to fail in the long run. If she did, she would’ve bolted for the Barclays job.

                  Yes, many, probably even most, will fail... just like all businesses.

                  PS Blythe is PURE evil for the little guy... i.e., 99.9999999% of the population
                   

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