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Author Topic: [2018-06-07] Here's Why Investors Should Be Wary of Bitcoin  (Read 53 times)
Sir Cross
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June 07, 2018, 04:42:35 AM
 #1

“I guess I’m a little skeptical that [cryptocurrencies] are going to hold value the way that people expect that they will,” David Siegel, co-chairman of Two Sigma, a hedge fund with $52 billion under management, said at the Bloomberg Invest conference Tuesday.

Read more about this here: http://fortune.com/2018/06/06/two-sigma-hedge-fund-bitcoin-blockchain/

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June 07, 2018, 06:16:06 AM
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As it is quite evident, the cryptocurrencies price is dependant on the bitcoin price. There's no cuch condition where you can neglect investments in bitcoin and still expect a better return on altcoins. Not until you find a currency that replaces bitcoin.
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June 07, 2018, 03:10:55 PM
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As it is quite evident, the cryptocurrencies price is dependant on the bitcoin price. There's no cuch condition where you can neglect investments in bitcoin and still expect a better return on altcoins. Not until you find a currency that replaces bitcoin.

Mostly, the increase/decrease on bitcoin's price follows a direct-proportional relationship to most altcoins in terms of price. While bitcoin may be the leading cryptocurrency, some altcoins show positive results whenever bitcoin prices fall down. This may be relative to the market and to the investor since observation in the market is the key in order to maximize profit while at the same time avoiding loss.

“I guess I’m a little skeptical that [cryptocurrencies] are going to hold value the way that people expect that they will,” David Siegel, co-chairman of Two Sigma, a hedge fund with $52 billion under management, said at the Bloomberg Invest conference Tuesday.

Read more about this here: http://fortune.com/2018/06/06/two-sigma-hedge-fund-bitcoin-blockchain/

Interesting, he views cryptocurrencies as equal since all revolve around the blockchain technology. I actually agree on what he mentioned in the article. Since people are inclined into investing into cryptocurrencies, investors seem to store the value than to create projects that makes the market liquid.

In economics, when people store their money than investing it into the bank, they contribute to the inflation since the market supply and demand would be disrupted.
I remember a particular scenario in Japan wherein if you invest money at their banks, the interest rates are negative- meaning you would lose value of your money.

 
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June 07, 2018, 08:42:35 PM
 #4

It does not sound very convincing. While bitcoin has not reached a relatively high cost, investing in it represents a moderate risk. If he grows even above 20 000 - 25 000 dollars, then the events will be dramatic and not one bitcoin holder will get a heart attack. However, I agree that ultimately the price of bitcoin will not be too high, at any rate, the astronomical sums predicted will not be.

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