Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
by mhmiles on Friday February 02, 2018 @02:48PM
(#16293650)
Pretty much. They’ll take money wherever they can predictably get it. They’re not deep into crypto for the same reason they’re not deep into horse racing.
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
by fwdpropaganda on Friday February 02, 2018 @02:42PM
(#16293588)
HAHAH awesome I just made exactly the same comment.
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
by vthallam on Friday February 02, 2018 @02:48PM
(#16293645)
Thought, I could answer both of you here. I'm an engineer and reasonably well read, but I didn't bother to read the bitcoin white paper or understand ethereum smart contracts until recently and it took me some time.
So a finance person not understanding technology without any asset backing it is understandable and so they are not bullish about Cryptocurrencies. Everyone knows the crypto market is crazy, it's difficult to comprehend. But few of the top coins will survive in some or the other form.
Also, everyone in finance not agree on the idea it's a bubble. Goldman is starting a trading desk[1] in 2018 for cryptocurrencies, I will just wait until more traditional financial institutions join.
[1] - https://www.bloomberg.com/news/articles/2017-12-21/goldman-i...
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
by mikestew on Friday February 02, 2018 @02:52PM
(#16293679)
Our comments do have an uncanny restating of the same thing, all within 60 seconds of each other. I'm not terribly surprised, as parent has an uncomfortable "chem-trails" vibe to it. What ELSE is the currency market hiding from us?
Yeah, currency traders, what do they know?
Isn't it very obvious that anyone in the current financial world(Traders/FX brokers) doesn't like cryptocurrencies?
Oh, it's obvious. Ever wonder why? Bias? Conspiracy? Ya know, traders would trade cockroach shit if there was a market. It could be bias, could be that these professionals ask themselves, "how can I value this?" and come up empty.