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Thread: Bitcoin

  1. #46
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    My biggest concern is, when bitcoin crashes, will it trigger a crash in the stock markets. Is it big enough to have an impact?

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    Quote Originally Posted by Banksie View Post
    My biggest concern is, when bitcoin crashes, will it trigger a crash in the stock markets. Is it big enough to have an impact?
    If you don't know the answer to that question you're not qualified to comment on weather or nor bitcoin will crash.

  3. #48
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    Quote Originally Posted by Blakie View Post
    If you don't know the answer to that question you're not qualified to comment on weather or nor bitcoin will crash.
    Considering you can't spell you should not put down someones reasonable statement.

  4. #49
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    Quote Originally Posted by Blakie View Post
    If you don't know the answer to that question you're not qualified to comment on weather or nor bitcoin will crash.
    Everything crashes eventually.

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    Quote Originally Posted by Banksie View Post
    Everything crashes eventually.

    Bitcoin 'crashes' all the time to varying degrees. The volatility is reducing, but even within the past few days, we have had an 18% difference in price on a single day of trading. Several years ago that could have been several hundred percent.

    To your original question, I personally don't see how that the 'real' economy is tied to Bitcoin (and other crypto's) sufficiently at this stage for it to have a contagion effect. Maybe if the market cap increases by a few times and there are more companies and jobs tied up in the industry, but until then...?

    Who might it impact? Maybe the semiconductor industry? I don't know who makes the bitcoin-specific mining/hashing silicon, but AMD and Nvidia will both be benefitting from GPU demand generated by crypto mining for sure. Not sure if it is significant enough for it to matter though. And any downturn in that industry would be offset by an increase in value for banking and finance stocks.

  6. #51
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    Quote Originally Posted by Banksie View Post
    My biggest concern is, when bitcoin crashes, will it trigger a crash in the stock markets. Is it big enough to have an impact?
    My view is no. People putting there money into Bitcoin aren't likely to be your typical stock market investor- if they are it will be play money that they would usually put into a casino or lotto syndicate.

    AS far as I can see there is no industry / business reliant on bitcoin. So when it (or any other crypr crashes) it wont bring a company down with it.

    It may benefit the share market once crashed - as anyone with any money left will look for a safer haven. Any old penny dreadful will look quite appealing by comparison.

    It may also create a legitimate investment opportunity in a blockchain development company.

    Also may benefit energy sector with extra energy flowing back into the grid rather than heating lord only knows how many CPU's

  7. #52
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    Quote Originally Posted by Shrewd Crude View Post
    this is about to break a 500 billion dollar market man... that is some serious money...
    and as you know in terms of total money supply that that is absolutely nothing...
    crypto goes to at least 10 trillion man...
    get in line...

    ^sv
    c
    Golly gosh - thanks man.

  8. #53
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    see they saying 1 million/ bitcoin in the next 20yrs on cnbc this morning

    crytos are the future but its any ones guess who will be the ultimate winner
    Last edited by bull....; 13-12-2017 at 10:43 AM.
    bull

  9. #54
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    Thanks guys. I've done a bit more research and agree, there are a couple of companies profiting from supplying mining gear, and a couple marketing blockchain technology, that may take a hit, but the scale of the cryptocurrency market is not yet big enough to have a major impact on the stock market.

    I will be watching the bitcoin futures market though. If enough money gets tied up in futures, investors will be scrabbling around for cash to pay off their margin calls. Fortunately the margin rates are still high (35%-45%) but if they drops and more traditional investors pile in, we may find people liquidating stock-holdings to clear cryptocurrency debts. (Mmhhh, I suppose one rogue investor a'la Nick Leeson could have quite an impact.)
    Last edited by Banksie; 13-12-2017 at 10:45 AM.

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    Quote Originally Posted by bull.... View Post
    see they saying 1 million/ bitcoin in the next 20yrs on cnbc this morning
    A fairly thorough debunking here

    https://youtu.be/vX-HTczloYg
    For clarity, nothing I say is advice....

  11. #56
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    Quote Originally Posted by peat View Post
    A fairly thorough debunking here

    https://youtu.be/vX-HTczloYg
    lol , the man who said the world was gonna end

    anyway when bitcoin goes to a million lol ill be rolling in my tax free anonomous dollars $$$$$$$$$
    bull

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    How do you trade these Shrewd?Can one do it through ones broker or trading account? Thanks in advance.

  13. #58
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    Quote Originally Posted by Shrewd Crude View Post
    ethereum up 30% litecoin up 70% ripple up 37% dash up 20% nem up 16% eos up 21% populous up 34% waves up 28%... mate they are all up.... and these are only the billion caps...
    ...
    today would be described as the biggest altcoin day ever..!!!. we are always saying this oh its the best bitcoin day ever.
    . oh nape... just beat is again....lol..
    blackpeter in particular had been very vocal in calling a tulip bubble the same time the crypto market went up 700%... lol...
    and minimoke and everyone else just digging deeper lol.... jbmurc is saying its not a viable investment...so is paper tiger, couta1, shasta, dobby41 ensuing this... strat is talking about exit strategies...777 is concerned about crashing... cyclist too...
    its like 95% against cryptocurrency here...
    whats that saying again?... buy when others are fearful...

    black peter has watched this rise 700% I wonder is he still beating up on the crypto?....yup lol...
    heaps of great things happening in the market...
    just got to take time to sit down and look through them...
    the best place to start is on coinmarketcap.com... NOW....

    .^sc
    Shewdy I can see you are digging it man ,"whats that saying again?... buy when others are fearful."Of course the other side of that is sell when others are greedy.It will be extremely interesting to see how this is viewed in hindsight when the history has run its course.I just hope that you guys are smart enough to extricate yourselves with the profits.
    Kim Jong-un is a bitcoin fan http://www.nzherald.co.nz/business/n...ectid=11959090
    he is digging it too man.
    Only 21 million bitcoin will ever be on offer what is neglected to say though is 1 bitcoin is made up of Each bitcoin (1 BTC) can have a fractional part of up to 8 digits so 1 bitcoin can be divided into 100 000 000 units. Each of these bitcoin units (0.00000001 BTC) is called a satoshi. A satoshi is the smallest unit in a bitcoin. This unit is named after Satoshi Nakamoto the alias of the bitcoin creator.
    21,000,000 x 100,000,0000 dont know what the answer to that is man ,this trippin is giving me a headache man.
    Anyway all the best with the crypto trippin I am sure the FOMO factor is working for you,
    Last edited by stevo1; 14-12-2017 at 07:32 AM.

  14. #59
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    I read somewhere (sorry cant remember where - might be one of those usual news sources) that work is being done to create a Satoshi Nakamoto sub currency to be known as the Bakushi. Owners will receive 10 units of Bakushi for every unit of Satoshi Nakamoto. The name reflects the fragmentation of the original currency and how an owner might be feeling having some.

  15. #60
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    Bitcoin been pretty flat for a week. Anyone considering selling?
    Just comparing this chart with the 3 month bitcoin plot....what comes next?
    main-qimg-d9b56430ef841834adfe3d1bcf87de4d.jpg
    Bitcoin 3 month.JPG

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