After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors

Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by judah on Tuesday August 21, 2018 @04:15PM (#17813346)

Institutional investors via Bitcoin futures ETFs[0].

It will likely result in a lot of money flowing into the market via funds and investment houses where investors seek to diversify their investments.

That will probably bring the cryptocurrency market back up to $20K and above. It probably won't happen until 2019 or 2020, though. The SEC is still on the fence about it, but I see it as an eventual inevitability.

[0]: https://www.coindesk.com/sec-bitcoin-futures-etf/

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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by rootusrootus on Tuesday August 21, 2018 @04:33PM (#17813512)

Good grief, I hope that does not happen. I think any professional financial services people who blatantly speculate with clients' funds should be on the hook for criminal penalties. It's one thing for Joe Blow to play the speculation game with his own money, it's entirely different for a professional to do it with everyone else's.

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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by spiralx on Thursday August 23, 2018 @08:44AM (#17826737)

Don't worry, the SEC has now declined to approve two separate attempts at a Bitcoin-based ETF, both times citing the extensive manipulation of Bitcoin markets as one of the reasons. I don't see them changing their attitude given that rampant market manipulation is the main thing keeping Bitcoin alive at all right now.

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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by tim333 on Wednesday August 22, 2018 @05:22PM (#17822315)

Trouble is Joe Blow often wants it. You say you want to invest in this thingy that seems to go up 100% a year or nice sensible bonds and quite a few will want the thingy.

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