they just put up a TESLA building/dealership or whatever it is in coral gables which is freaking nice.
Another Traditional Investor Shuns Bitcoin in Confusion As Bitcoin invades traditional investments, the market leaders of that space continue to pick sides, with commodities whiz Dennis Gartman staying away. Gartman is still confused by the technological currency and thus is not biting. Gartman has admitted that he appreciates Blockchain technology, and says that Bitcoin is fast money, but he will not be touching it. A punter’s dream Gartman has said that the fluctuations in Bitcoin - something that is driving its progression as the hottest new investment - is something that bothers him. "It is a punter's dream," Gartman told CNBC. "I give them credit for that, but it is something that I will absolutely stay away from, have stayed away from it, didn't understand it to begin with, don't understand it now." Gartman has said he appreciates Bitcoin's introduction of Blockchain technology. However, the cryptocurrency's price fluctuates too much to convince him to invest. "What bothers me is that something that can move 5, 10, 15, 18 percent in the course of the day for what's supposed to be a pricing mechanism," Gartman said. "How can you buy a house? How can you buy a car? How can you buy Starbucks with Bitcoin when the price is going to fluctuate as dramatically as it has?" No longer the alphas There has been a lot of noise coming from traditional asset investors, who, because of this new and unprecedented technology, are no longer the experts. It seems that this predicament is scaring some of them, as Gartman is joined by billionaire investor, co-chairman of Oaktree Capital Group, Howard Marks in saying he does not understand Bitcoin. There are even cases of companies, like VanEck, who have shunned Bitcoin, but in the same breath filed for exchange-traded fund to invest in Bitcoin derivatives. Not what it makes out to be Gartman’s understanding of Bitcoin seems to be purely based on its ability as a currency, stating that it was intended to be better than the dollar and the euro, but has now become an infinite currency. "We'll walk in one day and this will all have ended," he said ominoulsy. "And it will end very badly." --------- -------- With him never to be onboard, this is guaranteed to go higher.
How is bitcoin an infinite currency? That confuses me. I agree with his fundamental analysis, but that statement throws for a loop.
Yet another whine and cheezeee topic. Next time get to the dock .... before the ship pulls out without you.
Or it the currency might be worth a lot....to a hacker who steals it from you... check this out: https://www.nytimes.com/2017/08/21/...rtual-currency.html?smid=tw-nytimes&smtyp=cur
Many people who invest in cryptos are very used to the security blanket provided by centralized institutions. Bitcoin and other cryptos are about being your own bank, which means owning, securing, and backing up your private keys which control how those cryptos are transferred (spent). If the private keys are on a server somewhere, they're not yours. Period. My cell phone number is prepaid t-mobile for years and the name is not my name on the account, it's similar to a fake name Mike Rowsoff, if you know what I mean. Try to to call t-mobile support and take ownership of my phone number. Birthday is not mine, but I know what it is, it's a combination of dates. That's how they get access to phones, by providing personal info that everyone shares through facebook, linked in, etc. I don't have facebook. I got twitter, but it's not my name. All passwords are unique. Nope, don't rely on centralized password managers. Make your own. Encrypt with GPG. Lock that shit up in a Luks container. Don't use Windows if you're going to use cryptos. Use Linux, buy a separate laptop if you have to, especially if you're going to have $1M worth of cryptos. Otherwise, good luck to you trying to get reimbursed for lost cryptos. Ain't gonna happen.
I agree with your sentiment but for there to be mass adoption the tech needs to be useable by the sheeple.