Check Back Tomorrow.
Thursday is now the “big day.”
Thursday is now the “big day.”
Boo!
“How bad do you think it’s gonna be?”
Fuhgeddaboudit.
“Dear Jamie. Last week you said a few things about Bitcoin” …
It’s Friday the 13th…
There’s always tomorrow…
“In the end, however, there may be no escape for investors”…
“A whole bunch of people are going to lose a lot of money.”
“We use that address for mail [but we operate] a small office in the area.”
And what does Kolanovic think the next crisis will look like? Well, “the next crisis’s main feature will be severe liquidity disruptions resulting from market developments since the last crisis,” he says.
“In retrospect, we probably wouldn’t put the Visa name on there yet.”
“We don’t get to say that “it’s OK†not to understand what moves markets, because every day we are all making bets that say we do.”
“And before you send me messages how I don’t understand it, don’t forget I was mining bitcoin before most of Wall Street had ever heard of it.”
“Either way, you gotta be super smart to run a country and sell vol. buddy, okay? It’s not easy.”
As one reader put it earlier today, “is just being open for trading” a good enough reason for stocks to rally?Â
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.
This time last week, everyone thought we’d all seen our last Friday.
There’s tension in the air.
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.
You’d probably be wise to do the same.
“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.”
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
“Trading has never been a straight line. Even for bitcoin, the cryptocurrency with an ever-impressive performance this year, the ups and downs in the short-term have surely created havoc for investors on a mark-to-market basis.”
If you’re reading this, you’re probably in the investment industry, or at least have an interest in financial markets. If you’re in the investment industry or in the financial markets, you like to win. So you’re not going to like my answer.
We play. And we lose.
“Frankly, I’d be more convinced by an argument suggesting that the world’s reserve managers are going to hire a bunch of millennials who’ll switch their dollars into bitcoins, ethereum, and other crypto-“stores of value”.
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