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Investor1 62F
1663 posts
12/6/2017 10:04 pm
Bitcoin surpassed $18K and Bitcoin coinbase surpassed $19K today - it is insane


First and foremost, I don't have any Bitcoin or know how to trade Bitcoin. Bitcoin is cryptocurrency.

Bitcoin and Bitcoin coinbase jumped $1,000 every 30 minutes on Dec 7, 2017. So far, there is no Bitcoin regulations.

I watch C-NBC (financial channel) everyday while stock market is on. There is a female reporter on CNBC said about 5 yrs ago, her ex-boyfriend told her to buy Bitcoin for $1, but she didn't believe him, so she didn't buy. Now Bitcoin is over $14,385. She regrets not listen to her ex-boyfriend. She married to someone else now.

JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up.

Warren Buffett is no fan of bitcoin. He said "Stay away from it. It's a mirage, basically," He said "Bitcoins transmit money like checks, and checks have no intrinsic value". Buffett said "Bitcoin is not currency. It is Holland Tulip". He doubted 10 year Bitcoin will exist.

Bill Gates said "Nobody can stop Bitcoin", "Bitcoin is better than currency".

Robert Shiller, who won the Nobel Prize in Economics said "Bitcoin resembles past market bubbles". "Tulip mania is not dead yet. The enthusiasm of Bitcoin is out of proportion". "It is risky".

Do you have Bitcoin? Do you believe in Bitcoin? I don't. I stay away from Bitcoin. People said Bitcoin will have disaster when it burst and will drag the stock market down that is my concern.



Honesty is the best policy.


Investor1 62F
826 posts
12/6/2017 10:18 pm

When the first time I paid attention on Bitcoin was about 5 or 6 months ago, Bitcoin was 3,600+ USD, now it is worth over $14,384. I heard they said in January 2017, it was only 790+. Bitcoin passed 10,000 on Nov 28, 2017, I emailed with my friend talked about it. They don't believe in Bitcoin either. Few days later, Bitcoin became 14,384 USD. This is insane. It is very volatile. Tulip mania. You can't short Bitcoin. We don't know when will Bitcoin bubble burst.

Someone said "I don't want to be the one who doesn't have a seat, when the music stops".



Honesty is the best policy.


Investor1 62F
826 posts
12/7/2017 7:26 am

Another day, another new high. Bitcoin now 15,470 USD.



Honesty is the best policy.


Investor1 62F
826 posts
12/7/2017 8:28 am

Bitcoin surpassed $17,000 on coin base today. It stunned the Wall Street.

My question is "Can you buy a car, or pay property tax, or buy insurance, food, or clothes,... using Bitcoin??? I know only very few merchants accept Bitcoin. How can Bitcoin be currency, if you can't use it to pay whatever you want to buy??



Honesty is the best policy.