Crypto currency

I had some for about two years. Sold it a few months ago. I made about $500 but if I'd have sold at it's peak I'd have made around $2,500.

 

Although my career was in the markets, this is one area I will not delve into as an investment, tho I admit to shorting bitcoin as a trade a few times. I don;t truly understand exactly how these things work, but as an investment I will not put one penny into it for this reason. Having read where people's currencies disappear or get stolen, who do you call to try and retrieve? Or if some hacker takes your currency, who do you call, ghostbusters? As an owner of CD's, etc. in financial institutions that went away, I did not have to bat an eye b/c the money showed up with interest thanx to the FDIC. Trade? Yes. invest? No

 

I just saw that the CBOE (Chicago Board Options Exchange) was going to stop trading Bitcoin Futures due to lack of interest. Many thought that when Futures trading began on some crypto currencies that they would become more accepted and used. Well it appears that there is little interest. As someone who was at the CME for a long time I have seen many futures contracts come and go, so I can't say I am surprised.

 

I think its time to revive this thread. Bitcoin above $32K and Ethereum at $771 as I write this. Hell, even a joke/meme cryptocurrency called Dogecoin has had gains of 450% this past year.

 

I was sure I was going to buy some in Nov. when it was at 17k....haven't because I can't believe that the CB won't just create their own brand....Do they sell it in an ETF backed by real BC like gold? I could probably wrap my head around that better than downloading something I can't see onto a thumb drive and more than likely losing it.

 

And Ripple has been deemed a fraud, So whose to say which is legit and which is not. Too tough for me.

 

XRP hasn't been deemed a fraud, only that its not decentralized and is thus considered a security.Basically if there is a company behind it that sells and controls it (Ripple), then more than likely the SEC will consider it a security so stay away. Bitcoin is completely decentralized. Its founder is a complete myth, a ghost, a tale.

Crypto Rating Council - Asset Ratings

 

Guess what? It's been about 18 hours since you posted this... in that time, bitcoin is up another 6%.

 

Wow! $100 an hour?

I guess I've been a little too busy to notice....ya know with Tuesday right around the corner and all...

 

GBTC would be the closest thing I believe

https://grayscale.co/bitcoin-trust/

 

Well, if you are trying to invest in some X from Europe or fetty from China, it is the only way.

 

Banks authorized to treat public blockchains as another form of settlement infrastructure.

 

Bitcoin matters more than any single election.
But you have to be able to stomach the volatility.

 

"Keep stacking Sats."

 

That scene, and this scene, are among my favorites, but the edge will always go to The International, because it is irrefutable fact... "You control the debt, you control everything"... but eventually, that leads to the scene from Margin Call.

You find this upsetting, yes?

 

Well since then, it dipped down to $30K, but has rebounded nicely.... to $38K.

 

Yeah I'm missing the fun that's for sure but at this point I'll have to wait for a dip...I took that money and went into mostly silver, a little gold and hold on to your hat.....value/dividend funds .
I'm learning a lot from guys like yourself over the last couple of years but quite frankly I'm a little too much of a procrastinator and not really that great when it comes to speculating/trading...

 

$39K....