91–100 of 131 posts
ft.com, source of all amazing paywalls. Here's the same content from a non-paywall provider: http://www.scmp.com/business/banking-finance/article/1384688...
Yeah I don't know how they get away with breaking Google's sacrosanct rule of not sticking content behind a paywall that they make visible to Google.
You can test this yourself:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...
Why are you even posting a news site requires paid subscription? I cannot read this article!
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Forgive me but why would you save money in a mutual fund and not pay off a car loan. Surely the interest on the loan is much higher than the interest you were getting from the fund. Prior to buying the coins that is.
Also, the gain of paying off the loan is tax-free, whereas any gains from asset value fluctuation are subject to tax.
I present, for your satisfaction, my comment from two weeks ago: https://news.ycombinator.com/item?id=6829180 Along with this gem: https://news.ycombinator.com/item?id=6858258 In summary, I invested $11k @ $1106/coin, predicting it'd rise to $1,500. Shazam! I've transmuted that $11k into... let's see ... $5,100. I feel pretty ill. Thought you'd all enjoy the schadenfreude, and perhaps learn from my example: "How to i…
Give it time. Don't sell just now. Had a similar situation and just choose to wait. Made a nice profit a year later.
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Who is taking the other side of the trade with these Bitcoin/RMB exchanges? I mean, I often come across people who have RMB but want USD. Far less often do I come across people who have USD but want RMB.
Huh? Plenty of people are trying to buy RMB (so called "hot money") to take positions in the Chinese economy and perhaps to speculate on currency a bit. When I came to China 6 years, the exchange rate with about 7.5 RMB to 1 USD, now its like 6 RMB to 1 USD. Plenty of people think that the RMB has a lot of room to appreciate, especially if the Chinese gov. gets tired of buying treasuries.
Any insight into how foreigners take positions in the Chinese economy with RMB they obtained through USD->Bitcoin->RMB transactions?
- Currency: easy, as you just need a passport to open a bank account - Starting a company: harder, as I thought that opening a WFOE required the capital to be injected in a specific way at a specific step in the process - High interest deposits: these seem either risky (some of the bonds sold by banks) or unavailable to foreigners (yu'ebao 余额宝) - Real estate: some cities require a hukou or minimum duration of residence - A shares: need to be a PRC national - Angel investments and unofficial loans to small businesses?
What else?
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>> Sorry, but if you didn't realize this was a strong possibility, you didn't do enough research. I'm cautiously optimistic about Bitcoin, but this has happened before and will happen again. I agree entirely BUT I can see how someone might be misled by all the bitcoin cheerleading.
>> I agree entirely BUT I can see how someone might be misled by all the bitcoin cheerleading. I don't. Every time I see the comments on BTC articles, I get the impression the groupthink among BTC optimists is so strong it effectively kills their ability to form an individual opinion. I mean, seriously, why on earth would anyone in their right mind ever think an 'asset' (which isn't even an asset) can rise 200x withi…
I present, for your satisfaction, my comment from two weeks ago: https://news.ycombinator.com/item?id=6829180 Along with this gem: https://news.ycombinator.com/item?id=6858258 In summary, I invested $11k @ $1106/coin, predicting it'd rise to $1,500. Shazam! I've transmuted that $11k into... let's see ... $5,100. I feel pretty ill. Thought you'd all enjoy the schadenfreude, and perhaps learn from my example: "How to i…
I present, for your satisfaction, my comment from two weeks ago: https://news.ycombinator.com/item?id=6829180 Along with this gem: https://news.ycombinator.com/item?id=6858258 In summary, I invested $11k @ $1106/coin, predicting it'd rise to $1,500. Shazam! I've transmuted that $11k into... let's see ... $5,100. I feel pretty ill. Thought you'd all enjoy the schadenfreude, and perhaps learn from my example: "How to i…
The worst thing you can do is sell now. BTC is extremely volatile, it might go down to $100, but one day it'll be $1,000 again.
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Depends on your wager. If you think bit-coin will never rise again sell now and walk away wounded. But that wager makes no sense at all since people accidentally delete there wallets all the time and there's a limited supply of bit-coins. If you factor in time bit-coin can only go up as long as people are still using it and i have confidence bit-coin will reach wide adoption.
TLDR; you are gambling.
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Give it time. Don't sell just now. Had a similar situation and just choose to wait. Made a nice profit a year later.
Or, the price could plummet even more. Money invested needs to be disposable, otherwise, it's just too risky an investment right now.
There's not a lot of options it's either risk it or watch your money slowly rot away.