Bitcoin as an investment?

[chinacryogenics]

Originally Posted by aigel

A gamble maybe, but not an investment, IMHO.

G

I think so

[biosurfer1]

Currently sitting at $14,450...crazy. If Ripple does the same, you can find me in one of my many RSR's

[speeder]

Originally Posted by biosurfer1

Currently sitting at $14,450...crazy. If Ripple does the same, you can find me in one of my many RSR's

Really? That would be up $3k from yesterday.

[biosurfer1]

Now $15,500

[911_Dude]

From a spectator standpoint, this is very interesting. The curve cant keep going vertical forever. There is absolutely nothing to support this pricing, except peoples desire to get on the ride up.

I wish I could have got in on this, but I probably would have punched out long ago. I think certain options (?) are going to be permitted to be traded on CBO soon, and institutional investors are creeping in trying to make a quick buck. Once you can bet on the downside, prepare to get bent over by the big money.

[GothingNC]

It was bound to happen.

NiceHash head of marketing Andrej P. Škraba told Reuters on Thursday that the hack was “a highly professional attack with sophisticated social engineering” and that about 4,700 bitcoin, worth about $63.92 million at current prices, were lost.


https://www.reuters.com/article/us-cyber-nicehash/digital-currency-exchange-nicehash-says-bitcoin-worth-nearly-64-million-hacked-idUSKBN1E10AQ

[biosurfer1]

$16,330 and counting. This is going to be a massive crash when it happens.

[TheMentat]

I have to imagine that when futures start trading on bitcoin, the ability to easily short the currency will have a dramatic impact on price...

[pitargue]

Why is bitcoin valued in dollars? Shouldn't it be it's own standard?

[MikeSid]

It is. One bitcoin is worth one bitcoin. Just like one dollar is worth one dollar.
Today one bitcoin would buy you about 3500 pints of beer in the UK or about 5000 gallons of gas in San Francisco.

[nynor]

Originally Posted by biosurfer1

Currently sitting at $14,450...crazy. If Ripple does the same, you can find me in one of my many RSR's

i am into ripple, also. please IM with your take on where ripple is going. my take is that ripple has an actual business plan, backed by escrow, backed by commercial support.

thanks,

d.

[Alan A]

They want to replace swift.
They are already bigger than you'd think in Asia.
And yes, I have some.

[nynor]

Originally Posted by Alan A

They want to replace swift.
They are already bigger than you'd think in Asia.
And yes, I have some.

yes. all the above. i did not know that about asia. can you elaborate?

[Alan A]

Google is your friend

https://www.financemagnates.com/cryptocurrency/news/ripple-continues-asian-expansion-new-office-singapore/

SBI Ripple Asia Brings Blockhain-Based Cross-border Payments to South Korea

I was at a conference a couple of months back where they were talking about being the western union of Asia. As in already transacting a decent chunk of business.

Don't have a source, so take it for what it cost you.

[dewolf]

I bought into Ripple as well. It will be the next millionaires coin.

I've made decent coin from from both Bitcoin and Bitcoin Cash.

[Gogar]

Bitcoin futures trading starts this Sunday.

[biosurfer1]

Originally Posted by nynor

my take is that ripple has an actual business plan, backed by escrow, backed by commercial support.

thanks,

d.

That's pretty much it. It will never be at Bitcoin prices like today,but ripple wouldn't work if they were.

Slow and steady rise.

[widebody911]

https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

[nynor]

Originally Posted by Alan A

Google is your friend

https://www.financemagnates.com/cryptocurrency/news/ripple-continues-asian-expansion-new-office-singapore/

SBI Ripple Asia Brings Blockhain-Based Cross-border Payments to South Korea

I was at a conference a couple of months back where they were talking about being the western union of Asia. As in already transacting a decent chunk of business.

Don't have a source, so take it for what it cost you.

thanks. interesting reading, for sure.

[Alan A]

The big rotation into alt-coins today seems to have missed ripple.

I'm betting Monday will be a zoo. I know extended hours futures for XBT starts Sunday, but Monday is when everyone will pile in.

Anyone care to guess the direction? I'll put myself out there and go with a down swing at first. Too much $ to be made on a drop, and it's due a good pullback. Anyone else care to hazard their 0.02BTC?