Crypto Cryptocurrencies.

This is not going to end well.

 

I'd ride it too $700 then get out and wait for the crash to buy back in.

 

She'll be right mate. Looks sustainable to me.

On a side note, I've got some tulips I'm trying to sell. Anyone here interested?

 

1. Yes (but I am an economist).
2. No.
3. They don't function as a store of intrinsic value. The main thing they're reminding me of at the moment is the dotcom boom and bust in the early noughties.

 

3 months:

 

1 year:

 

I wouldn't worry about having to throw away your smartphone - by the time they historically declare that the early versions gave us cancer, it will be embedded in your skull. (can't wait for my internal HUD!)

Technology wont disappear, it will just become less obvious. Things will happen seamlessly and you wont even notice the hundreds of years of technological development that allowed it to happen.

Cheers,
Inertia

 

Hey @Steven Ryan, I've been reading a bit more about bit coin over the last 24 hours after I heard a few things being said about blockchain of late. It's going to be really big and disruptive in the banking and stock exchange place. The ASX is looking at implementing the block chain for transactions as early as next year.

 

Yep @Northy85, the blockchain tech is the major breakthrough that came from cryptocurrency. Heaps of capital is being invested in blockchain startups around the world at present.

 

It's going to be so good and will go even further into what "A random walk down wall street" talks about with the efficient market theory, because the high frequency traders will be even quicker now and more and more price discrepancies should be smoothed out.

The question is, which startups are going to be the next Facebook and Google? My guess would be, Google and/or Facebook will buy out any company who is looking promising like they do with everything else remotely cool.

 

The "next" Google/FB will be in biotech, genomics, artificial intelligence, robotics, nanotechnology and space, IMO.

Pretty much a description of the industries my share portfolio is, and will be, comprised of.

Incidentally, both companies already have fingers in most of those pies.

 

Posting for my own records again.

 

Bring this thread back.

What are peoples thoughts on cryptocurrency these days?

Who's 'investing' in it?

What's your experience been?

Have you made cash?

Do you have a 'system'? Or is it a blind man and a dart board picking strategy?

 

Soo....this is happening:

 

Spewing!!! I bought 4 Bitcoin years ago at about $90 each but hadn't got my head around how to get them onto a paper wallet so left them on the exchange.... the exchange being MtGox.

 

I bought one years ago out of curiosity. Cost me $100 at the time.

I think I'll keep it for the long term. Been outstanding so far....never, ever would have I believed it to have done so well.....incredible!

 

Yeah, @hammer after losing my pocket change ones (more annoyed about their potential upside than what I actually lost buying them, I worked out how to get them onto a paper wallet and bought ONE at $400 as I'd read a lot of about their potential to hit a million bucks a piece. Pie in the sky likely, but considering their upside here and there to date (very volatile) and the fact they are nothing like mainstream as yet, I figured stranger things have happened and I'd hate to be sitting there in 20 years time when BC are pushing north of $500k each annoyed for not throwing some beer money at one.

I read about a guy that bought masses of them when they were only a few cents and his keys were on his hard drive, the drive got thrown away and they were were north of $8m (would be exponentially more that that now!). He'd spent months at the landfill every day trying to find his hard drive. Poor bugger.

 

Where do you buy bitcoins?

 

@larrylarry from a Bitcoin exchange. I used coinjar.com

 

Thanks. I just borrowed bitcoin for dummies to at least learn the basics.