I saw this article kicking around, but I didn't read it until you posted it. It's actually quite interesting.
Stolen to post on a different forum.
The obvious thing to do is to sell bit coin short in anticipation of the bubble bursting, but you need to get the timing pretty close or you...a) take it in the shorts, b) have to cover your shorts or c) get dragged around by your short and curlies. The problem with shorting is that the downside is theoretically infinite. If you buy something (long), you can't lose any more that what you pay for it, so your downside risk is capped. If you sell something you don't have, however, the price can climb, and climb and climb...and you're on the hook to buy it at the market price to "cover your shorts" no matter how high the price goes -- a great way to turn a small fortune into a non-fortune.
Bitcoin could go to $40,000 before it bursts. Remember you heard it here first folks. I will be short when it hits 40K but not a second before.
It's moving to fast now for anyone but the idiots or the rubes to play with - volatility is the street investors worst enemy.
And again - bombs > bit-chain, you need power and I can make that go away with the push of a button. Again currency is only viable if based on political & economic stability, GDP and military might. A bitcoin still won't buy you a cup of coffee down at the 7-11.
Well the value of the metal in the coin is a last resort...
Can I have your locker and parking place?
Of course you can.
Ironically, Chuck E. Cheese tokens actually have value.
And taste better than that god awful pizza
The devil is in the details
Last paragraph and a good idea:
Kodak is working with a company that promotes paparazzi photos to offer a blockchain-based service that would let photographers get paid whenever their images are used.
Content creators protected by blockchain - now we're getting somewhere with this technology.
Last edited by Emmeran (2018-02-06 12:25:35)
Exactly. Bitcoins are the 21st century version of Collector Plates.