Reply to: Bitcoin - you might do well to read this

[Hobosapien]

Hodl on for dear life, will bitcoin get to the moon before the clampdown ends it.

Trumps going to build a wall around it. Nothing is getting to the moon before he does.

[_V_]

Do we need a sub forum for Crypto as well?

Somewhere for all the clever people who don't understand it to make themselves feel better about sitting on the sidelines watching it go up while they think it's too late to get in.

There seem to be lots of reasons to be wary at the moment:

https://cointelegraph.com/news/bitco...nance-minister
https://cointelegraph.com/news/south...an-local-press
https://www.reuters.com/article/us-b...-idUSKBN1EC19N

I can see next year the outcome will be some global bitcoin regulations, no anonymity on the bitcoin blockchain, exchanges having to pass on all customer details to tax enforcement every year, having to prove where any fiat money has come from before allowing purchases. The USA giving people 40 years in prison for not filling in the 50 page form on every transaction.

They will crawl all over crypto like a swarm of angry feds..they want this thing dead and buried.

[_V_]

You can short it on traditional spreadbetting/CFD platforms, my broker (GKFX) has BTC and ETH available to trade like FX pairs.

Happy margin call.

Indeed. High spreads, leverage and unimaginable volatility makes such endeavour a certainty within hours or days...

[milanbenes]

2018: The Year Central Banks Begin Buying Cryptocurrency | Zero Hedge

Moon!

Jogger,

have a read of the comments to that article

Milan.

p.s. are the Central Banks going to buy them on Ebay too ?

[Jog On]

Pension companies?

Due to the speculative nature of the recent upsurge, that shows no end and hence no one can be sure what will happen in the coming days let alone weeks or months, hopefully it's too risky for institutional investors to dare play with fire.

Yeah - because they never do anything like that..

[Hobosapien]

... It may well be the banks that are the greatest of fools.

Pension companies?

Due to the speculative nature of the recent upsurge, that shows no end and hence no one can be sure what will happen in the coming days let alone weeks or months, hopefully it's too risky for institutional investors to dare play with fire.

[Jog On]

Do we need a sub forum for Crypto as well?

Somewhere for all the clever people who don't understand it to make themselves feel better about sitting on the sidelines watching it go up while they think it's too late to get in.

[Bean]

Bitcoin seems to be plateauing at the moment. Wouldn't touch it with a barge pole. At least Gold can be made into jewelry.

Movement spread of ~1600 points (~18000-19600) since this morning......is that your definition of a plateau?

Seriously, "it's better to remain silent and be thought a fool, than to open your mouth and remove all doubt"

[FrontEnder]

2018: The Year Central Banks Begin Buying Cryptocurrency | Zero Hedge



It's too big and widely adopted to ban/overregulate - it's too late, like 'fake news' on the Internet they cannot contain it.

I'm expecting heavy taxation and harsh laws against anonymity. They will try and control it by owning enough of it to manipulate the price - which will/is taking place now.

Moon!

I think any efforts to try to control it's price will fall flat on it's arse. People talk about 'greater fools' - the last investors before the bubble bursts. It may well be the banks that are the greatest of fools.

[eek]

https://davidgerard.co.uk/blockchain...ely-fictional/

[Jog On]

2018: The Year Central Banks Begin Buying Cryptocurrency | Zero Hedge

How it will happen
As the realisation of the systemic weakness of fiat currencies becomes apparent contrasted with the groundswell of cryptocurrency, the executive committee of central banks, including governors, presidents and chairpersons – will call emergency meetings to exercise their prerogative to deviate from the current investment policy for reserves management.

Bitcoin and other select cryptocurrencies will be added to the list of eligible securities and currencies. Central bank money will pour into cryptocurrencies.

Most G7 central banks will likely use external fund managers to invest in cryptocurrencies over this new epoch. But don’t expect this information to be freely available.

This will happen in the dark. Old habits die hard.

It's too big and widely adopted to ban/overregulate - it's too late, like 'fake news' on the Internet they cannot contain it.

I'm expecting heavy taxation and harsh laws against anonymity. They will try and control it by owning enough of it to manipulate the price - which will/is taking place now.

Moon!

[Lance]

It's up over 15% in a week, you dope.

gotta love trader charts. You can see what you want to see.

[FrontEnder]

Bitcoin seems to be plateauing at the moment.

It's up over 15% in a week, you dope.

[BlasterBates]

Bitcoin seems to be plateauing at the moment. Wouldn't touch it with a barge pole. At least Gold can be made into jewelry.

[BrilloPad]

How would they do this?

Retrospectively....