Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
by olalonde on Thursday December 21, 2017 @08:42PM
(#15984632)
A lot of the negativity comes from people who missed the boat, sold too early, etc. Also, people who don't understand bitcoin or confuse it with ICOs/blockchain crap. I'd say that's the bulk of it to be honest.
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Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
by geetfun on Thursday December 21, 2017 @08:52PM
(#15984677)
I agree. I "missed out" on purchasing some bitcoin assets early on. So seeing a lot of the rise right now, I don't share in the excitement as -- I would imagine -- someone who's holding a few thousand BTCs.
Having said that, I think there's a bit of (healthy) skepticism amongst those of us who hold "traditional" assets regarding BTC.
As someone who holds real estate as part of the investment portfolio, I understand and see the return from the rental properties. Stocks give me dividends. Bonds give me interest payments.
Currently, all these yields are in dollars. But would I gladly accept BTC as payment? Currently -- no. It's too volatile for it to be useful. And the entire issue of blockchain transaction backlog is worrisome.
So if a tenant comes to me and says, "I'll pay this month's rent in BTC," I'd still have to say, "No thanks. I'll take dollars please."
Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
by etr-strike on Friday December 22, 2017 @01:11AM
(#15985596)
Your “real estate”
investment is propped up by the federal reserve. You were bailed out at the expense of savers. I’m glad you missed out on bitcoin. It wasn’t made for you.