Bitcoin

Well I am not taking any chances. I keep my bitcoin Puts under my pillow on a flash drive where I know they are safe from monsters.
 
The debate about Bitcoin will ultimately be resolved in time. Some folks will make money, and sadly others won't. There is an equally serious community that is looking to invest in blockchain technology which is not just the underpinning of bitcoin but other quick leger transactions with legitimate purposes. You would be surprised at the companies who are invested in blockchain technology. There are both major and minor players. You might enjoy looking at the Motif portfolios below focused on blockchain. Here, individual investors can create their own mini ETF/mutual funds to diversify to mitigate risk in a particular area. Take a look at the companies in these portfolios. You might find them as eye opening and potentially useful as I did. Who knew that Overstock.com was a significant player in blockchain technology? There are many other surprises here.

https://www.motifinvesting.com/sear...arch&s.d=blockchain&truncatedQuery=blockchain
 
Yes, actually, Overstock's stock price jumped once they started talking about Bitcoin.

I have attempted to research about a dozen publicly traded blockchain-related companies. I found five that seem vaguely legitimate.

Unfortunately the most worthwhile companies in this field with the best management teams are not investable. They would never go public at such an early stage. The companies whose owners are trying to make a fast $billion by adding "blockchain" to their names are the ones publicly trading today.
 
Ron, thank you. I try, and it's not always easy. For the record - well for some of you - I have never received so much as a single Satoshi. I am not even a big time hodler. No mysteries, just interested in the technology.

Marty, I think the end game really is using them. If you went to my website (which I need to start updating the blog more) you'd see I try to post on uses for them. They have such a potential to be beneficial and weed out a lot of corruption. And without making laws on top of laws on top of....

The crazy thing is that while all these big players are into it, there is no special pie they can make that doesn't include a wide spread decentralized nature, that is really worth the time. I think many have seen that and so they are interested in something like Ethereum. We are to expect more infrastructure, not less. But that does not mean it has to be mining.
 
Ron Resnick said:
Yes, actually, Overstock's stock price jumped once they started talking about Bitcoin.

I have attempted to research about a dozen publicly traded blockchain-related companies. I found five that seem vaguely legitimate.

Unfortunately the most worthwhile companies in this field with the best management teams are not investable. They would never go public at such an early stage. The companies whose owners are trying to make a fast $billion by adding "blockchain" to their names are the ones publicly trading today.
Click to expand...

Warning: I am SHORT BITCOIN.

Ron, There is one called IBM.

As I have said bitcoin and blockchain technology are two very different things with very different investment opportunities. One is wholly illegitimate with value based on speculation and covert transacting and the other is based on real commercial potential. That said, even the commercial applications are fraught with problems related to extremely negative energy metrics and no barriers to entry.
 
Ron Resnick said:
DaveC: If it is a "con" you have an incredible opportunity to make a fortune shorting it. Why aren't you?
Click to expand...

That would require a prediction as to when it will crash, right? I'm not a gambler.
 
DaveC said:
That would require a prediction as to when it will crash, right? I'm not a gambler.
Click to expand...

+1

Bitcoin has to become a lot more stable IMHO for anyone to really consider it seriously. So long as it can fluctuate wildly, I could see why no one would really want to utilize it...as a Seller, you are risking taking something that can devalue very rapidly; as a Buyer, you are giving something that can have much greater value in a very short period of time...
IMHO.
 
I believe someone calculated that if it were to hit $35k, it would liquidate every short position.
 
Buying cryptos is a night at the casino with massive upside and limited downside (the value of the chips you put on the table). You don't want to put the kids college fund into it, but putting in a limited amount just for the heck of it, why not? Mentally, I have written off my entire "investment" and expect it to go to zero. So far it has been moving in the other direction which is a pure windfall. I won't get out if it collapses either. I'll ride it all the way up to the peak and all the way down to zero if that is where it goes.
 
Last edited:
Quietly down 30% this week - I actually think Bitcoin will bounce shortly. Might get one final thrust higher, then its an easy short against a downtrend line.
 
If you are not watching today, down from ca 20000 to less than 11000, and keeps plunging today
 
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