Reply to: Bitcoin. Hendale will this bubble burst

[SimonMac]

Whether its a bubble or a Ponzi scheme the biggest issue is that a market can stay irrational longer than you have money.

As with many things its not worth the risk...

The risk's around Bitcoin (and other cryptos) are based on your approach, if it's an investment it's too high a risk, if it's a gamble you are after it's worth a punt but you should only ever gamble what you can afford to lose.

[scooterscot]

We have had bubbles before but at least the bubble was in a commodity that had intrinsic value or material use.

Dies ist eine groß failure in deinem verstanden..

It does have value. And January coming it is about to have a whole lot more value. You'll all be spitting teeth mark my words.

[northernladyuk]

<moved to general > bitcoins are not business contracts.

Just wait until Brexit.

[Hobosapien]

...
There was a time when it went up to 25$ and we called it a bubble. Everyone was scared to touch it at that time. Now it has reached 6K and the only people buying it are the money launderers and the chinese. How else can you explain its bizarre movement in price. Even shares in APPL havent gone up like this.

So it's likely to be made illegal in the UK (if they decide to crackdown on non-London property forms of money laundering or foreign money inshoring ) to hold shares in the tech or bitcoins themselves, like they did with gold when they want to control the money.

Just got to get out before that happens, if you can find an exit.

[BrilloPad]

We have had bubbles before but at least the bubble was in a commodity that had intrinsic value or material use. Here we have bitcoin which supposedly is a commodity but has no material use and is confused between currency and commodity.

There was a time when it went up to 25$ and we called it a bubble. Everyone was scared to touch it at that time. Now it has reached 6K and the only people buying it are the money launderers and the chinese. How else can you explain its bizarre movement in price. Even shares in APPL havent gone up like this.

It is useful to the underworld. Once the establishment shuts it down there will be bytes all over the place.

[fullyautomatix]

We have had bubbles before but at least the bubble was in a commodity that had intrinsic value or material use. Here we have bitcoin which supposedly is a commodity but has no material use and is confused between currency and commodity.

There was a time when it went up to 25$ and we called it a bubble. Everyone was scared to touch it at that time. Now it has reached 6K and the only people buying it are the money launderers and the chinese. How else can you explain its bizarre movement in price. Even shares in APPL havent gone up like this.

[BrilloPad]

Bitcoin is the bubble (tulips anyone)

Schemes that offer investments in Bitcoin and "guarantee a 1% per day return" are the ponzi schemes

Pooper guarantees a lot more than 1%.....

[WTFH]

<moved to general > bitcoins are not business contracts.

[northernladyuk]

Whether its a bubble or a Ponzi scheme the biggest issue is that a market can stay irrational longer than you have money.

As with many things its not worth the risk...

That is absolutely true. I'm not getting involved.

[eek]

Bitcoin is the bubble (tulips anyone)

Schemes that offer investments in Bitcoin and "guarantee a 1% per day return" are the ponzi schemes

Whether its a bubble or a Ponzi scheme the biggest issue is that a market can stay irrational longer than you have money.

As with many things its not worth the risk...

[SimonMac]

No it isn't. It is a speculative bubble.

If it’s a Ponzi scheme you cannot short it.

Bitcoin is the bubble (tulips anyone)

Schemes that offer investments in Bitcoin and "guarantee a 1% per day return" are the ponzi schemes

[Lance]

This is a ponzi scheme pure and simple.

When does it blow up so I can short it in advance?

Edit. When will this blow up

If it’s a Ponzi scheme you cannot short it.

[northernladyuk]

This is a ponzi scheme pure and simple.

When does it blow up so I can short it in advance?

Edit. When will this blow up

No it isn't. It is a speculative bubble.

[BR14]

for a wimpy today, i will gladly pay you friday

[BrilloPad]

Try here: -

http://forums.contractoruk.com/gener...ocurrency.html