Bitcoin

Discussion in 'General Open Forum' started by Floater, Nov 28, 2017.

  1. Floater

    Floater Active Member

    Warren is a successful man, and no doubt he wont get involved in BTC, many wouldnt. But 49 Billion is a drop in the bucket buddy.

    Im not pumping BTC, im sure I havent posted any wild predictions of the price here. This just a thread talking about the subject.
     
    Daveroo likes this.
  2. Floater

    Floater Active Member


    Nice job, always love hearing about the little guy picking the markets pockets.
     
    Last edited: Dec 18, 2017
  3. spring fever

    spring fever Well-Known Member

    Hats off to you and I'm glad you took at least your initial stake off. Great feeling when you get it right-even greater feeling when you get to ride the train for free--hang on and enjoy the ride!! LOL
     
  4. nicnat

    nicnat Active Member

    gbtc is up another 18% this morning lmao unbelievable
     
  5. Deewar25

    Deewar25 Active Member

    naw, whats unbelievable is RIOT LFIN INTV UCSO BTCS just to name a few. This crypto crazy on the US exchanges is 1999 type insanity.
     
  6. GLG

    GLG Well-Known Member

    Part 2 on the blockchain
     
  7. Floater

    Floater Active Member

    Nice post.

    For any savy investors out there who want exposure to the sector, but cringe at the thought of buying the cryptos at these levels, there are a few companies that are utilizing the Blockchain technology for real world applications. I have been in BTL.V since the $7 level and it has had a great run, although i would recommend waiting for a pull back if you are wanting to buy.

    These guys have had successful Pilots in the energy sector (massive savings on their transaction costs), they are working with VISA, and some healthcare sectors. Their technology is quite revolutionary. Do a Youtube search for "Interbit" which is their proprietary application.

    Just a heads up, but not a recommendation to buy.
     
  8. Floater

    Floater Active Member

    GLG, I dont want to risk the good will of this thread, but its not lost on me how in the past you have spoken out against the free market, but in this case you seem to be in favour of the private capital investment into this new stage of how the internet interacts with our daily life.

    A free market is VITAL to our continued success as a society. Government would NEVER have come up with this idea. Embrace the markets and the innovation it brings by entrepreneurs, it really is a beautiful thing if its left to flourish.
     
    nicnat likes this.
  9. GLG

    GLG Well-Known Member

    I'm not against the free market but would like an even playing field. More like a fair market if you need to find a label. I understand that trade with other countries is important for the whole world. I get "The Wealth of Nations" but I have seen it misused and misquoted on many occasions.
     
  10. sly_karma

    sly_karma Well-Known Member

    I have nothing in bitcoin but am benefiting indirectly. Winery owner client went in deep some years ago and is making bank like crazy. Longterm 'when I can afford it' project is going ahead this spring and I have the work. My friend has been shaking his head in disbelief for months now as it bursts through one price 'barrier' after another. He sells a chunk, reinvests some and sells again a month later. His comment: "it's like I've been kissed on the dick by fairies."
     
  11. wildmanyeah

    wildmanyeah Well-Known Member

    It's a currency not a stock. At it's foundation currencies are zero sum games. The only ways you can make money are if someone else loses money OR the market value changes. By comparison, stocks have a third & important way to make money for shareholders: creating new value in the economy. The Market obscures the value part of businesses, but IMO it's a fundamental difference. It's why the stock market can continue to grow 10% a year for the last 100 years.
     
    lprodan likes this.
  12. nicnat

    nicnat Active Member

    well that was a fun ride, out of it now with some nice profits, its been getting hammered the last couple of days which was inevitable, lol.
     
  13. Old Blue

    Old Blue Active Member

    I just jumped on the train with a tiny bit of fun money but split between Litecoin, Ethereum and Bitcoin. Worst case scenario I'm out $200 from a $500 scratch ticket winner. I only bought some of the Bitcoin based on it being in a valley.
     
  14. Old Blue

    Old Blue Active Member

    Who are you with online? I've being looking at Questrade for an extra hobby to but up RRSP and TFSA contributions.
    I'm not prepared to move my other RRSP's and TFSA to one of the big banks that have a minimum $25000 investment or else an extra $100/year fee on top of the usual high service fees especially when I get good service with my existing financial advisor.
     
  15. nicnat

    nicnat Active Member

    lol, I don't think it's in a valley, I think it's on a cliff just starting it's descent.
     
  16. Old Blue

    Old Blue Active Member

    Could be some merit but at the same time it's crashed 30% six times in 2017 which were followed by 76%, 237%, 183%, 165% and 152% increases. Not for the feint of heart or for gambling with your life savings.
     
  17. Deewar25

    Deewar25 Active Member

    hey, i've been using questrade for like 10 years - best platform for me these days (now that TDW got rid of their active trader platform). Commissions are cheap, IQ edge platform is great if you are active, and basically no trading restrictions (ie, US OTC/pinksheets) Works really well for me and rarely have issues...fwiw
    Side note - btc crash, but McAfee just pumped the crypto coin I was already in (BURST) which has me up 300% or so even with the corresponding drop in btc
     
    Old Blue likes this.
  18. wildmanyeah

    wildmanyeah Well-Known Member

    Ill PM you when I got some free time.
     
    Old Blue likes this.
  19. Rockfish

    Rockfish Well-Known Member

  20. spring fever

    spring fever Well-Known Member

    No time for gloating but it was inevitable!
     

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