 Show Posts
|
|
Pages: « 1 [2] 3 4 »
|
|
Either 2009 or 2010 on either the Overcoming Bias or Less Wrong discussion threads. I knew immediately that it was important and I should invest, although I gave it only a few percentage points chance of catching on. I had the opportunity to purchase 2000 BTC for $20 total (1 cent / each) and I was planning to do so, but I got busy and didn't get the Bitcoin software downloaded, public key generated and letter sent off.
After that I figured it was too expensive to buy in, but I finally did in the fall of 2015 because it was clear to me that our present financial system is not sustainable due to debt overload. Shortly after buying in, I discovered the madness of the block size limit, which gradually let me in January 2016 to begin converting some of my BTC to ETH.
|
|
|
|
|
The market is in an amazing bull run, if people want to short the future contract, they gotta own bitcoin first, not a few k, but 50,000 at least to manipulate the market at this point. In addition as I see CME and CBOE only limit 5,000 contract (5,000 BTC) per account, so it is a downside for some1 who wanna short. And the most importantly, the future contract expire in a specific day, so I do not think we need to worry about 10 Dec or 18 Dec, maybe weeks later on expired date.
|
|
|
|
I think nothing special in selling house. House is a possive. You could turn it to an active. One friend of mine lended house and sold his Lexus in May. He returned it in September and made x2 in dollars. So it depends on you.
Exactly my point. You will be better off making the smallest down payment and then getting a 30 year mortgage and keeping the rest in bitcoin. I know it's old fashioned but I like the idea of just owning it outright from the start. |
|
|
|
Excuse my ignorance on the topic but you say short selling is harm, however, I don't think you mentioned what short selling is. I am not familiar with the term. Could you please explain.
Assalamualaikum. I want to know about my investment with bitcoin.i don't know how to describe my investment etheir it binary or what. I give example. I invest 0.005bitcoin.the company have 2package with is 1) 147% profit for 6week, daily profit 4.5% 2) 180% profit for 9week, daily profit 8%. My question is...It's Halal or Haram? Waleikum Assalaam wa Rahmatulahi wa Barikahtu Sabrina. Thank you for your post. In regards to saying whether this scheme is halal or haram, the truth is, I do not know. You say that this website says that in 6 weeks you will have a 147% profit. The question you have to ask is, "HOW are you making the profit?" "WHERE is this profit coming from?" "WHAT METHOD is being used to make the profit?" Once you have an answer to these questions then you can figure out if it is halal or haram. Insha'Allah within the next 2 weeks I will release the final part of the 4-part "Is Bitcoin Halal Series" and we will talk about investing insha'Allah. Take care and Salaam salam alaykum how are you brother? i wanted to find out if bitcoin is halal, 1 of my relatives traded with it,.. im not sure if its the same but its you put a certain amount of money and after a month that money doubles.. is it halal? buying money with money..please explain to me.. JazakaAllah Allah bless you Waleikum Assalaam wa Rahmatulahi wa Barikahtu, I truly cannot say if what your relative did is permissible or not according to the sharia because there is not enough information provided. I do not know what he was trading or how it was traded so I cannot say. In regards to if Bitcoin is halal, Please see the following blog post - http://www.islamandbitcoin.... May Allah guide us all akhi, Ameen. JazakAllah kheir for the support. Salaam |
|
|
|
In the countries where it's recognized as money, it would be.
I hadn't heard about that happening. Does anyone have a list of which countries BitCoin has been officially declared a currency? Germany has declared it a private currency: And seriously, read the title of the webpage. It's Bitcoin, not BitCoin. It's the "virtual goods" part that makes it curious. If you use bad crypto and I steal your Bitcoins is that more like me breaking into your house and stealing your cash (illegal) or more like me ganking you in a full-loot MMO and stealing the in-game stuff you bought with real money (legal)? Are Bitcoins more like dollars or EVE money where the law is concerned? It's kind of a problematic situation though. How do you prove ownership of an address? Usually you only have your private key (so you could, for example, sign a message with your private key and people could check that you are in possession of said key). But if a crypto cracker gets your key, both of you kind of have 'proof of ownership'. Unless you can show that, e.g., salary payments from your employer went to that address, proving ownership will be a problem. Just like cash Edit: Why the downvotes...? |
|
|
|
i simply dont understand what kind of regulations this baldy is talking about,do we have regulation in marriage where a muslim guy can marry 4 times at the same time keeping 4 ? do we have regulation on how much looting congress can do from india ? do we have regulation on how much money can be stashed in foreign banks ? do we have an accountability to people other than using them as tools to get elected ? if not ,shut the buck up,people will want to end the slavery and idiotic democracy that runs with an italian woman intercepting a young indian and killing the guy to get to power and trying constantly to get son into the throne of indian PM post,gone are those days we used to sound gullible,not anymore,we know more economics than you and your entire family knew ,we decide what we want to do with our lives,not some fake gandis and fake yadavs and fake good for nothing subserviant to vatican agenda sick people who wear turbans.
So the people who have already robbed us blind need to regulate and rob us blind again. No Thanks. |
|
|
|
This has happened so many times exactly the same MO. PBOC says " we ban bitcoin" weak hands sell, they buy up cheap coins. Then they say " jk we no ban Bitcoin!" And then the price goes back up.
Never gets old! Ya China sure you're banning it "soon". |
|
|
|
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe. The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them. If you decide to go to one of those, this is our usual spot  it's in the same entrance as the notary. I don't think there is a way around having to pay fees twice. You can always exchange USD, so try and bring that. Or you could withdraw Tenge from your credit card in the airport upon arrival. So nobody will change my AUD? USD, EUR, RUB, KGS, GBP, CNY, CHF - yes. AUD - no. We call it exotic currency, even if you find an exchange that accepts AUD, the rate will be unfair. |
|
|
|
Hello! I don't know about AUD-KZT; as the others said, banks should be able to do it, but I would also suggest bringing USD to be safe. The smaller money exchange places usually have a better rate than banks - but if you feel safer/more used to it, go to any bank. At any independent exchange place, you can expect to have a calculator next to the window. Don't be afraid to count your money right there (all of those places have a sign that says please count your money AT the counter) - so you can make sure the amount is correct and they know you counted it right in front of them. If you decide to go to one of those, this is our usual spot it's in the same entrance as the notary. Wonderful thank you very much! It would be really problematic to change directly from AUD to KZT. Even if you find some place, exchange rate would be much higher. You would be definitely better off to come with USD. What do you mean by money changers? No problems. I will bring USD! That's easily done. What do you mean by money changers? |
|
|
|
|
If you're in this to try to make daily profits then, as others suggest, start diversifying into other coins. The likelihood is that you'll lose money, but the rewards are potentially greater.
Personally, I'd urge you to forget about the investment for a decade. Don't touch it.
|
|
|
|
Ooh yes!
The fundamental principles of derivatives are fine, such as using forwards, options and swaps to hedge against risk. They become an insurance policy flattening out any abrupt change in the markets. Arguably anyone with a fixed rate mortgage has a simple derivatives play.
The problem is that it becomes speculative and a bubble builds. When Mr Hamanaka at Sumitomo Bank effectively owned over 60% of the world’s copper through derivative contracts the $1.8bn loss was no surprise; the same for the “London Whale” at JP Morgan; Long Term Capital Management; and credit derivatives at the heart of the global banking crisis.
As a result, derivatives become utterly poisonous. With £1.2 quadrillion (£1,200 trillion) of outstanding contracts it is also utterly terrifying. I would stop speculative trading on derivatives.
The same applies to crypto currencies. Fundamentally they should and will become a force for good and for change but they are being abused for speculation and greed.
You’re completely missing the point. I agree that a global crypto currency with no or minimal charges would be a real asset to the world. However Bitcoin isn’t it. In countries where there is hyperinflation they begin trading in USD or Euros, a speculative currency like Bitcoin, which fluctuates so wildly is no better than a local currency. Services like M-Pesa in Kenya have proven a lot more promising for non-cash transactions. https://en.m.wikipedia.org/wiki/M-PesaThese are really good points, especially about gold. It was one of the reasons Gordon Brown sold it as it provided no return, such as an interest payment. I agree about companies like Tesla too where valuations are completely unrelated to financial performance. In Tesla’s case the potential is clear yet with Snap Inc it’s clearly not. Yet there is at least some justification for share ownership and price. I just believe that crypto currency pricing is irrational. I should point out that I’m involved in a consortium building a crypto-currency based trading platform for a market that has problems accessing finance and banking services. When we’ve compiled the risk profile the biggest issue that would lead to failure is speculation. People making a living and buying services want price stability. |
|
|
|
I agree that some stocks have value related to the valuation of the companies, but some are hugely inflated, and are based on future gains (eg Tesla). Similar to Bitcoin - people are speculating on the future value of the asset.
Also there are other markets which have very low, if not non-existent "backing" that sustains their value, such as fiat currencies and gold. Yes, gold has some industrial uses but its high value is based mostly on belief. And yes, you can pay taxes in fiat but its value too, is based on collective belief.
Bitcoin is the same - it has no intrinsic value per se (really the only things that have true intrinsic value IMO are things like food and water), but people's collective belief gives it value, because so many people understand the implications of such a technology.
If the bubble pops (if it is a bubble), then there will be plenty of people buying back in at lower prices and sustaining the value - it's not going away without something drastic happening, such as a flaw in the protocol - and this becomes less and less likely as time goes on.
Stock markets also rely on sentiment and they are priced in fiat currency. What happens when "sentiment" changes about the value of that? The longer they take to catch up the better for those of us buying it now. Oh god, you just said "fiat currency" in the same breath as positive comments about crypo-currencies. HAHAHAHAHAHAHAHAHA! Bitcoin IS an asset and has no debts. Its trading performance is public. Nor does it give a damn about your "trajectory forecasts". As for it having no value, talk to the citizens of countries with no banking services, collapsing economies and hyperinflation in Africa, Asia and South America. Ask the miilions receiving remittances. "About a third of the customers queuing at La Maison du Bitcoin's teller windows in Paris aren't speculating on the value of the cryptocurrency. They're sending digital money home to Africa. "In many countries in Africa, there are far more cellphones than bank accounts," said Manuel Valente, co-founder of La Maison. "For bitcoin, all you need is a phone." https://www.brisbanetimes.com.au/business/investments/bitcoin-has-become-a-safe-haven-currency-in-some-of-the-worlds-volatile-places-20171128-gztz2q.html |
|
|
|
Shares have more of a "real" value, because they give you access to something beyond ownership of the instrument itself - you own a stake of a company that has physical assets and (hopefully) makes profits, a share of which it may well pay to you in dividends. Buying shares is an investment that brings returns beyond mere rises in the price of the instrument itself and is underpinned in part by real, useful assets.
Bitcoin is a currency. Buying currencies for any other purpose than buying goods or services with them is speculating. Furthermore with Bitcoin, it's impossible to work out how to assign any value to them. You can get an idea of the real value to you of a physical currency by looking at what it can buy you with it in its country of origin (compared to what you can buy elsewhere with other currencies), interest rates in that country, inflation, and how rapidly the currency base is expanding compared to economic growth. With Bitcoin, how its value should be measured is anyone's guess.
You are exactly right. Bitcoin is approaching 10 years~ old already.I am under 25 and people my age are already accustomed to digital everything... I don't see this going away Bitcoin is the future. Failing that, cryptocurrency is, anyway. Any loss in monetary value is more than made up for by golds’ prestige and spending power.. It's a bubble looking for a pin, and as always happens will pop when people least expect it. |
|
|
|
Even if you had “bought in” all those moons ago, there was no guarantee your investment would have made money. Something to think on.
Only if you sold too early. Perhaps I should have finished the 'if only': ... if only I'd bought £100 pounds worth back then, and decided to sell today." Yes, but what if the value of your investment had gone down. The grass is always greener on the other side of the wall. At that point you can always opt for the gold itself - an investment that never loses it’s value Then they would have lost £100 hardly as stressful as missing out on £100k |
|
|
|
Even if you had “bought in” all those moons ago, there was no guarantee your investment would have made money. Something to think on.
Only if you sold too early. Perhaps I should have finished the 'if only': ... if only I'd bought £100 pounds worth back then, and decided to sell today." Yes, but what if the value of your investment had gone down. The grass is always greener on the other side of the wall. An investment in gold bullion or a company is always backed by s omething physical, that’s the key difference. An investment in bitcoin is intangible, illusory. |
|
|
|
It's a bubble. The bubble will burst when significant amounts of people try to cash in on their investment and find that there are not enough buyers looking to pay cash for bitcoin.
Ya. It is a bubble. There are about 11k cyptocurrencies at the moment - bitcoin is just the best known. Cryptocurrencies are the future. Anyone thinking otherwise is deluded. Get in early while you can. It has the potential to do to finance what the internet did for information. Get a few thousand, chose a coin (personally I see Ethereum as the one with most potential) and invest. There's a revolution coming and you'll either be part of it or you'll be part of the group that complains after saying how unfair it all is. Apparently Bitcoin has 'crashed' a few times already, but each time recovering and getting even stronger. I remember reading about it a few years ago and pondering whether to buy some back then. I didn't, and now it's a case of... if only... |
|
|
|
|
Digital currency? Please...
Central Banks will create legal and regulated digital currency. But actual cash will never go away. Gold will never go away. People are clamoring for currency backed by gold and you think digital currency that is converted by injecting printed cash into it is some wonderful solution? Digital currency? We are already using it. If you deposit your real cash into Bitcoin to convert it to Bitcoin, I gotta tell you, that is not digital currency. That is some bizarre world. Nothing will be built on top of Bitcoin. Go talk to these Bitcoin millionaires and see if they can even take the money out. They can't. It will on spur on scams and illegal activities in an attempt to at least cash some of that Bitcoin out they amassed by themselves and others putting real central bank printed cash into Bitcoin world. Take a bit step back and look at the Bitcoin world. It is downright PATHETIC!!!
|
|
|
|
...backed by supply and demand...
That goes for anything. Please offer me a reasonable explanation why the individuals around the world will reject a low cost, frictionless, censorship proof medium of exchange like Bitcoin?
Response Kind of like what happens when the US stops giving out loans? There is so much misinformation here, even worse the article was very poor. It is obvious the writer does not understand digital currency on any level and hence should not be writing any articles in relation to them. The value of bitcoin as an exchange medium across country borders is unparalleled at the moment. As for the anonymity it provides, has no one stopped to think the amount this could reduce the fraud budget? Unlike a credit card, when you use bitcoin on the internet you are not exposing your information to fraudulent activity. No one said bitcoin would take over the currency market, but if you think for a second it is not going to play a large role, then you can not possibly understand the currency or its benefits. Identity theft 1 in 10 people have been the victim of identity theft........... |
|
|
|
|
Bitcoin just needs to pivot
As most entrepreneurs know if people think your idea is crazy you are probably onto something. The companies that are emerging around bitcoin usage should look to other markets. Like countries that have unstable governments, like areas in the Middle East and Africa. Bitcoins would be appreciated more there rather than the country's own currency due to the governmental uncertainty. Emerging markets might also be a good place for bitcoin. They might prefer a currency that already has unique markers and system for identification. Areas where they bank just using cellphones might also be a good niche market for bitcoin. It might have been dealt a blow by the Silkroad closure, but it is not going away. Remember that Apple's first computers were crappy children's toys but look at them now.
|
|
|
|
|
