Heimdallr Posted December 17, 2017 Share Posted December 17, 2017 What are good places/people to follow crypto news/rumors? Quote Link to comment Share on other sites More sharing options...
BayRaider Posted December 17, 2017 Author Share Posted December 17, 2017 5 minutes ago, Heimdallr said: What are good places/people to follow crypto news/rumors? DataDash on youtube and Bitcointalk Forum. Quote Link to comment Share on other sites More sharing options...
jrry32 Posted December 17, 2017 Share Posted December 17, 2017 Paul Krugman, another heavy hitter in the economics world, issuing a warning that sounds similar to Stiglitz's warning: http://www.businessinsider.com/paul-krugman-says-bitcoin-is-a-bubble-2017-12?utm_content=buffer281cb&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-ti Am I biased towards believing it? Sure because it sounds a lot like what I was theorizing earlier in the thread. Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted December 17, 2017 Share Posted December 17, 2017 22 minutes ago, jrry32 said: Paul Krugman, another heavy hitter in the economics world, issuing a warning that sounds similar to Stiglitz's warning: http://www.businessinsider.com/paul-krugman-says-bitcoin-is-a-bubble-2017-12?utm_content=buffer281cb&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-ti Am I biased towards believing it? Sure because it sounds a lot like what I was theorizing earlier in the thread. That dude clearly states he has no idea what Bitcoin is or why it could be useful... So it is kind of hard to take him seriously. 1 Quote Link to comment Share on other sites More sharing options...
jrry32 Posted December 17, 2017 Share Posted December 17, 2017 Just now, Heimdallr said: That dude clearly states he has no idea what Bitcoin is or why it could be useful... So it is kind of hard to take him seriously. Guys, c'mon. When your response to multiple Nobel Prize-winning economists warning that there's a bubble is, "He doesn't get Bitcoin!" You need to reevaluate your stance. Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted December 17, 2017 Share Posted December 17, 2017 Just now, jrry32 said: Guys, c'mon. When your response to multiple Nobel Prize-winning economists warning that there's a bubble is, "He doesn't get Bitcoin!" You need to reevaluate your stance. I'm not saying I disagree with him at all, he just doesn't seem like the most qualified person to comment. The crypto market is not like stocks or traditional investments. You are investing and speculating on the technology, not the commodity. It is a technical discussion, not an economics discussion. Quote Link to comment Share on other sites More sharing options...
jrry32 Posted December 17, 2017 Share Posted December 17, 2017 (edited) 2 minutes ago, Heimdallr said: I'm not saying I disagree with him at all, he just doesn't seem like the most qualified person to comment. The crypto market is not like stocks or traditional investments. You are investing and speculating on the technology, not the commodity. It is a technical discussion, not an economics discussion. Any investment is an economic discussion. As I said previously with Stiglitz, his (Krugman's) expertise on bubbles makes him qualified to comment on the characteristics of one. Y'all have convinced me that Bitcoin has value, though, so I'm going to wait for the big crash before investing. Edited December 17, 2017 by jrry32 Quote Link to comment Share on other sites More sharing options...
IrishGreen Posted December 17, 2017 Share Posted December 17, 2017 47 minutes ago, jrry32 said: Guys, c'mon. When your response to multiple Nobel Prize-winning economists warning that there's a bubble is, "He doesn't get Bitcoin!" You need to reevaluate your stance. it really doesn't even take a Nobel Prize-winning economist to see this. it quite obviously is on a bubble. the legacy of bitcoin will be introducing this new world of cryptocurrency to the general public. props to dudes making money on this right now though, can't even hate. took a lot of balls to buy this early enough to make substantial money on it. 1 Quote Link to comment Share on other sites More sharing options...
BayRaider Posted December 17, 2017 Author Share Posted December 17, 2017 Even if the price is somewhat of a bubble, it's still the future. Can't really see the price ever dipping below 6k again though. Quote Link to comment Share on other sites More sharing options...
jrry32 Posted December 17, 2017 Share Posted December 17, 2017 Just now, IrishGreen said: it really doesn't even take a Nobel Prize-winning economist to see this. it quite obviously is on a bubble. the legacy of bitcoin will be introducing this new world of cryptocurrency to the general public. props to dudes making money on this right now though, can't even hate. took a lot of balls to buy this early enough to make substantial money on it. Agreed. I wish I had the balls back then. I heard about Bitcoin back when it was less than $100, and I paid it no mind. 1 Quote Link to comment Share on other sites More sharing options...
Pats#1 Posted December 18, 2017 Share Posted December 18, 2017 I can't remember where I saw it, but an article was saying that while this huge increase in Bitcoin price/trading is going on, there is very little to practically no increase in the actually use of Bitcoin to purchase goods. 3 Quote Link to comment Share on other sites More sharing options...
TheVillain112 Posted December 18, 2017 Share Posted December 18, 2017 11 hours ago, Pats#1 said: I can't remember where I saw it, but an article was saying that while this huge increase in Bitcoin price/trading is going on, there is very little to practically no increase in the actually use of Bitcoin to purchase goods. I did buy some Square Stock, as they are expanding globally and also working on allowing cryptocurrency transactions. But you're right. I don't think Krugman is wrong, but bitcoin supply if finite. Not sure how that math is taken into account compared to traditional commodities by Krugman... Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted December 18, 2017 Share Posted December 18, 2017 22 hours ago, jrry32 said: Agreed. I wish I had the balls back then. I heard about Bitcoin back when it was less than $100, and I paid it no mind. Eh, you would have sold it at $200, and if not at $500, etc. etc. Quote Link to comment Share on other sites More sharing options...
Mossburg Posted December 18, 2017 Share Posted December 18, 2017 1 minute ago, ramssuperbowl99 said: Eh, you would have sold it at $200, and if not at $500, etc. etc. Very true for most people I think. Once you lock in a 100% profit, or even less for some, it's hard to not pull the trigger. More balls to hold than to initially buy. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted December 18, 2017 Share Posted December 18, 2017 18 minutes ago, Mossburg said: 23 minutes ago, ramssuperbowl99 said: Eh, you would have sold it at $200, and if not at $500, etc. etc. Very true for most people I think. Once you lock in a 100% profit, or even less for some, it's hard to not pull the trigger. More balls to hold than to initially buy. IIRC, that's actually why most day traders struggle to do better than people who hold. They're too risk averse. Quote Link to comment Share on other sites More sharing options...
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