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Is it possible to sell short, or buy put options? I think bitcoin has potential long-term but this seems like a ridiculous speculation-fueled bubble.
That's insane. Only a few months ago 1BTC was going for about $30 USD. There were threads discussing $30/BTC where people were saying that it was too late to get on the wagon...
That's insane. Only a few months ago 1BTC was going for about $30 USD. There were threads discussing $30/BTC where people were saying that it was too late to get on the wagon...
Is it possible to sell short, or buy put options? I think bitcoin has potential long-term but this seems like a ridiculous speculation-fueled bubble.
Yeah, it's apparently possible to short bitcoins. If the recent rise in price is a bubble, and it crashes back to about $30, it will still come back to about $100 in a year, if bitcoin adoption continues.
Is it possible to sell short, or buy put options? I think bitcoin has potential long-term but this seems like a ridiculous speculation-fueled bubble.
Yeah, it's apparently possible to short bitcoins. If the recent rise in price is a bubble, and it crashes back to about $30, it will still come back to about $100 in a year, if bitcoin adoption continues.
This feels kinda like a pump and dump to me. I don't mind articles/projects/sites that make use of bitcoins. But the frequency of posts on how much each bitcoin is worth feels like pennystocks/etc on an investing forum. People trying to get more people to buy in. To drive it up. So they can get out while it's high.
The whole "Cyprus people are getting into Bitcoin" narrative is a total lie as well. But I guess Bitcoin is a great learning opportunity for spotting Scams etc., as long as people don't lose too much money, it might even be beneficial.
Is it possible to sell short, or buy put options? I think bitcoin has potential long-term but this seems like a ridiculous speculation-fueled bubble.
It'd also be interesting to look at the effects of deflation in the fledgling bitcoin economy, although the actual exchange of currency for goods and services is a bit small to judge this effectively.
Earlier quoted context omitted.
Unless these people have invested extra money they can afford to lose for the reasons to save them from inflation and confiscation. Then they still have enough cash to pay the bills, so why should they get back to fiat? E.g. I myself and many of people I know are not going to sell a single Bitcoin unless any sort of personal or global disaster. And many of them are going to spend their BTC over time to avoid interact…
You could end in gold or silver or some other precious metal as well. The ultimate endpoint need not be USD.
Earlier quoted context omitted.
Yeah, it's apparently possible to short bitcoins. If the recent rise in price is a bubble, and it crashes back to about $30, it will still come back to about $100 in a year, if bitcoin adoption continues.
Has there been adoption for essential goods & services? All I've seen so far are Internet services.