# Bitcoin #

udo's picture
udo started the topic in Wednesday, 15 Nov 2017 at 3:49pm

The Bitcoin graph looks Interesting ! ?

peterb's picture
peterb's picture
peterb commented Monday, 7 May 2018 at 4:06pm

KK, is your price optimism based on the inexperience, in surfing terms, of Kooks entering the market?

King Kenny's picture
King Kenny's picture
King Kenny commented Monday, 7 May 2018 at 4:35pm

Nah. More like the big boys, ie financial institutions, coming to play. It's only just started

peterb's picture
peterb's picture
peterb commented Monday, 7 May 2018 at 4:39pm

Fair enough. What are they playing, the price or the other players?

King Kenny's picture
King Kenny's picture
King Kenny commented Monday, 7 May 2018 at 4:39pm

Check out the coins I listed. All have realworld use, massive backers and serious potential.

peterb's picture
peterb's picture
peterb commented Monday, 7 May 2018 at 4:39pm

Fair enough. What are they playing, the price or the other players?

King Kenny's picture
King Kenny's picture
King Kenny commented Tuesday, 8 May 2018 at 5:38am

Like all financial markets, both

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Tuesday, 8 May 2018 at 7:40am

Good to see another surfer into crypto King Kenny, Welcome to the forum.

Ada gula, ada semut!

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Tuesday, 8 May 2018 at 8:05am

Okay heres one for all the crypto haters

Netherlands-based bitcoin miner, The Bitfury Group, wants to plug into the Redbank coal-fired power station, around 90 kilometres north-west of Newcastle, NSW.

http://micky.com.au/bitcoin-mining-giant-eyes-coal-fired-power-in-hunter...

I mean seriously, I'm not a Greens voter but it's 2018, i really think POW and energy wastage in particular Bitcoin is a huge negative for the general public perception of crypto.

I can't see how POW has a future in this world.

POS crypto with very very low energy use, is the complete opposite though and can actually save energy on present systems.

Personally i only invest in POS cryptos.

Ada gula, ada semut!

donweather's picture
donweather's picture
donweather commented Wednesday, 9 May 2018 at 1:43pm

KK, well done with your investments to date.

I assume you're aware that it's the value of the individual coin that matters, rather it's the total marketcap of the token. So you can have a coin that's valued over $1 that can rise to $10,000 provided the marketcap is low enough at the $1 value. Conversely you can have a coin that's valued at mere $0.01 that will struggle to get above $0.10 due to it's total marketcap.

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Wednesday, 9 May 2018 at 4:31pm

Heres another interesting article.

Facebook forming a new blockchain group, headed by Coinbase board member

https://www.cnbc.com/2018/05/08/facebook-forms-a-new-blockchain-group-he...

Ada gula, ada semut!

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Monday, 14 May 2018 at 6:29pm

Okay this is pretty crazy!

CBA CFO quits for cryptocurrency role

CBA chief financial officer Rob Jesudason has resigned with immediate effect in order to return to Hong Kong and join the firm behind the EOS cryptocurrency.

http://www.news.com.au/finance/business/breaking-news/cba-cfo-resigns-af...

Apparently he was the highest paid CFO in Australia.

But to be fair chances of him getting a job in the banking sector after what’s been coming out in the royal commission is probably zero..still pretty crazy though.

Ada gula, ada semut!

GreenCT's picture
GreenCT's picture
GreenCT commented Tuesday, 15 May 2018 at 1:11pm

Okay I need a bit of a lesson on this

You have Bitcoin which my understanding is that is acts like a storage of wealth as an alternative t9o say gold.

Useless as a form of payment because of the lack of stability in price. If I have saved up 20k to go on a surf trip if I put it into Bitcoin I could get lucky and it turns into the never ending holiday but it could go the other way and my year away turns into a few weeks as Bitcoin drops.

So ok it and some others that directly compete can be an alternative to gold if enough people see value.

But you then go to tokens or alternatives

If I started a business before I would lodge a document with the authorities and issue shares in my company.

Investors put money up and get shares

Now it seems that as an investor I give the business owners money so they get the cash and get to keep their business and I get tokens that do what ?

It seems you are hoping that someone else will think they are worth more in the future.

Investors do not get a share of the business so no right to future dividends or capital gains from building assets

What do you get ?

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Tuesday, 15 May 2018 at 6:40pm

It's all pure price speculation, yes value pushed up by others who are also speculating on the price.

You could be investing in Ripple/XRP token believing it will be used by banks to transfer funds, or IOTA believing the tech will be used by companies like Microsoft, Voxswagen, Futijsu who are all trialing the tech.

Or you could be some crazy who thinks some coins is going to be used in the future and replace fiat. (not something i believe in)

Yes it's all crazy and highly speculative but there is also lots of money to be made obviously high risk high reward.

So I guess what you get is a chance to make money and make percentage returns rarely seen in other investments..

BTW. you can get cryptos that do produce a passive income like dividends https://captainaltcoin.com/cryptocurrency-dividends/

Ada gula, ada semut!

CryptoKnight's picture
CryptoKnight's picture
CryptoKnight commented Tuesday, 15 May 2018 at 8:50pm

'So I guess what you get is a chance to make money and make percentage returns rarely seen in other investments..'

There are many much better leveraged instruments in the stock and forex markets to make considerably higher percentage returns, where you can also protect/preserve your capital with much more safety.

shoredump's picture
shoredump's picture
shoredump commented Wednesday, 16 May 2018 at 6:37am

Considerably higher return than one million percent in a handful of years, with protected capital? Awesome, I’m in, where??

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming commented Wednesday, 16 May 2018 at 6:45am

Mmm i don't know much about stocks or forex markets, but i know lots of guys that are into crypto (do youtube videos etc) come from those areas and they always say in youtube videos etc the possible returns are much bigger and trading opportunities greater in crypto because of greater volatility, many still invest in the stock and forex markets though because they diversify and don't want to put all their eggs in one basket.

Ada gula, ada semut!

CryptoKnight's picture
CryptoKnight's picture
CryptoKnight commented Wednesday, 16 May 2018 at 8:43am

'Mmm i don't know much about stocks or forex markets'

That's actually pretty obvious. They are markets based on profiting from buying and selling , or put simply, profiting on price movement. Like the cryptocurrency markets. There are differences in trading currencies and shares, and other instruments, but the principles apply to all.

'i know lots of guys that are into crypto (do youtube videos etc) come from those areas and they always say in youtube videos etc the possible returns are much bigger and trading opportunities greater in crypto because of greater volatility, many still invest in the stock and forex markets though because they diversify and don't want to put all their eggs in one basket.'

So, despite a gazillion instruments to trade in world wide stocks and currency, etc markets, these people that you know a lot of, and a lot about, successful experts in those markets, want more 'volatility'. And more 'eggs', for their baskets? So they have decided to apply their expertise, success and prowess to high 'volatility' trading? To make even more money than they have already, expertly made?

Mmmmm... really?

So clever those market makers. 'Only trade if you have money to throw in the bin (or our pockets)'. And they know that there are so, so, so, so, so, so (ad infinitum) many willing to do that, without a clue how or why.

By all means... please... carry on 'trading' (sic)!!!

shoredump's picture
shoredump's picture
shoredump commented Wednesday, 16 May 2018 at 10:29am

If you remove fear, you’ll find that higher volatility is just a compression of the timeline of what is happening. What you can do in 50 years on the regular stock market, you can do in 5 with crypto

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