Fundamental value of Bitcoin

Discussion in 'Crypto Assets' started by JackRab, Aug 29, 2017.

  1. JackRab

    JackRab

    Officially you should put a disclaimer with that...

    Something like: "Past performance may not be indicative of future results. Therefore, nobody should assume that the future performance will be profitable or equal to corresponding indicated performance levels"

    ... o no, you're basically saying that the past performance IS perfect as a guideline for the future ... I guess it's okay than... sign me up Scotty!

    I could throw another piece of historical evidence in there... they are called tulip bulbs...
     
    #141     Sep 13, 2017
  2. lovethetrade

    lovethetrade Guest

    Context is everything.

    [​IMG]
     
    #142     Sep 13, 2017
  3. JackRab

    JackRab

    Don't want to make a point here, but for the reason of some more context

    [​IMG]
     
    #143     Sep 13, 2017
    vanzandt, sss12 and lovethetrade like this.
  4. sss12

    sss12

    Yes, see those red bars ? My point exactly.
     
    #144     Sep 13, 2017
  5. S2007S

    S2007S

    Cryptocurrencies market value just dropped by $10 billion in the last 12 hrs!!!!
     
    #145     Sep 13, 2017
  6. Pekelo

    Pekelo

    JP Morgan's Dimon:


    "It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up."

    Dimon also said he'd "fire in a second" any JPMorgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid."

    Bitcoin fell to its session lows after Dimon's comments. As of 3:01 p.m. in New York, bitcoin traded at $4,106.23, down 2 percent.

    Dimon's criticism comes at a time when some of the most well-known figures on Wall Street are starting to embrace the cryptocurrency. Fundstrat's Tom Lee said he sees bitcoin surging to $6,000 next yearand value investor Bill Miller reportedly owns bitcoin."
     
    #146     Sep 13, 2017
  7. Cuddles

    Cuddles

    https://www.inc.com/brian-d-evans/jamie-dimon-is-afraid-bitcoin-crypto-and-blockchai.html

    According to the Department of Justice of the United States, JPMorgan plead guilty to conspiring to manipulate the price of the U.S. dollar. In recent news, the JPMorgan CEO Jamie Dimon has publicly denounced Bitcoin as a "fraud."

    Upon further investigation, I found out that JPMorgan itself had filed (175 times) for a "Bitcoin-Alternative" patent. It did not get the patent.

    Another interesting fact, JPMorgan which Jamie Dimon is the CEO of, is a public member of the Enterprise Ethereum Alliance. Ethereum has a cryptocurrency like Bitcoin called Ether, but more importantly has a platform to host decentralized apps.

    Ethereum is the 2nd most valuable cryptocurrency in the world in terms of overall market cap.
     
    #147     Sep 14, 2017
    Sprout likes this.
  8. JackRab

    JackRab

    This has to do with JPM (and other banks) getting involved in the blockchain technology side to use that in their own systems.
     
    #148     Sep 14, 2017
  9. Pekelo

    Pekelo

    Bitcoin back at $3000 is otherwise known as discount Friday....

    Interesting tidbit:

    "John McAfee helped when He said it cost 1,000 USD To mine one Bitcoin, that information was excellent."

    Supposedly that is just the energy bill. That is a lots of waste, if one asks me...
     
    Last edited: Sep 15, 2017
    #149     Sep 15, 2017
  10. sss12

    sss12

    I think there may be a few more red bars on the chart !
     
    #150     Sep 15, 2017