“Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down.”
Category: bitcoin
Okay, Bitcoin Fans – Riddle Me This…
“It’s also important to emphasize that, like any bubble based on the Greater Fool Theory, there’s no logical limit to how far it can rise, so fighting the bubble could be just as foolhardy as investing in it.”
‘I’m Inclined To Say It’s Going To Zero’: No Chance Bitcoin Replaces The Dollar
“So is a single Bitcoin worth $500,000, $5,000, $500 or $0? I’m inclined to say $0, especially if Bitcoin’s value depends on it being adopted as a global digital currency to replace dollars. There is no chance whatsoever that Bitcoin can displace the dollar, for the simple reason that it is badly designed.”
Watching Paint Dry. Illogically.
As one reader put it earlier today, “is just being open for trading” a good enough reason for stocks to rally?Â
Valueless Valuables.
Ok, I’m feeling like today is a day when I should try and vex as many readers as absolutely possible, and there’s no better way to maximize the hate mail than to deride gold and Bitcoin in the same post.
Bitcoin, Cryptodollars, Gold, Seedy Saloons, Gunfights, And Wampum
“It’s the millennial’s wild west. Like all generations, they’ve discovered a new frontier, with few rules, seedy saloons, gunfights, corpses. As our earthly unknowns disappear, we find new ones in the ether. “
Bitcoin Avengers Assemble! B.I.S. Says Central Banks Should Create Their Own Cryptocurrencies
If the crypto crowd wasn’t already incensed enough after a week that saw Bitcoin collapse as much as 30% on signs that China is deadly serious about Beijing’s ongoing shakedown in the space and after Jamie Dimon delivered a truly scathing critique of what he’s calling a “fraud” that’s destined to “blow up,” they can now add the B.I.S. to their list of adversaries.
Bitcoin In Free Fall: The Beginning Of The End?
All you had to know was that governments will do what governments have always done when faced with an existential threat.
Them’s Fightin’ Words.
There’s tension in the air.
You Should Have Just Gone To The Bar.
Generally speaking, this week’s theme (reflation back on in the U.S. as stocks, the dollar, and yields all rise in tandem) held, as there was no news “bigly” enough to change the narrative.
Bitcoin, Meet Gandalf: Kolanovic Says Cryptocurrencies May Be Pyramid Schemes
Apparently, some folks at JPMorgan were listening when Jamie Dimon threatened to fire anyone caught trading Bitcoin for “being stupid,” because none other than Gandalf himself is out with a new note on cryptocurrencies and he doesn’t paint a particularly flattering picture.Â
‘They’ll Close It Down.’ Jamie Dimon’s Ruthlessly Realistic Bitcoin Call
“Wait until someone gets hurt. They’d close it down. That’s my point.”
Just Make Sure You’re Hedged.
You’d probably be wise to do the same.
Jamie Dimon Calls Bitcoin A ‘Fraud’ That Will ‘Blow Up’
DIMON: WOULD FIRE ANY TRADER TRADING BITCOIN FOR BEING STUPID
Of Tulips, ICOs, Rhino Horn, And Paris Hilton
“When you see the waft of ICO’s (Initial Coin Offerings) hitting the market, you have to ask yourself what these “investors†are smoking. Let’s put aside whether bitcoin, ethereum, or some other transactional coin, ends up being a medium of exchange with real value. Instead let’s focus on these ICO’s.”
Which Bubble Got Off To The ‘Bubbliest’ Start?
And so, having already grown faster in its initial stages than every other notable bubble on the list (and they probably should have included housing in Canada and Sweden), the only question now is whether it will continue to rise and ultimately surpass the 2+ year, exponential rally in BitCoin.Â
If it does, Seth Golden will be one of the richest people on the planet
Spot The Horse: Is Bitcoin Going To $500k?
Will his views prove correct? I don’t know. I just thought they would be nice to share. His thinking requires the ability to imagine the world as a much different place. Is he mad, or genius? You decide. But I will remind you of one thing – “poor people are crazy, the rich are just eccentric.â€
Bitcoin And Tesla: The ‘Two Poster Children Of Speculative Froth’
“And this next statement is where I am going to get myself into some trouble. I don’t think this speculation was healthy. I don’t view either of these themes as particularly well thought out. Yeah, I know Musk is going to change the world, and we will all be paying for our TSLA Model 3’s in bitcoin. Don’t bother trying to convert me. I think both of these assets are legitimate technologies, but both are priced for an unrealistic reality.”
The Simple Reason One Fund Manager Likes Bitcoin
“diversification among the various flavors of state-sponsored fiat currency offers little protection from the fiscal and monetary profligacy that could eventually threaten each of these currencies.”
Guest Post: Why One Trader Is A “Big Bitcoin Bear”
Via Kevin Muir of “The Macro Tourist” fame We all know Dirty Harry’s viewpoint about
Tuesday Chart Check (Bitcoin Edition)
Sure, many Chinese citizens are so desperate to move money out of the country that they’re
You must be logged in to post a comment.