Cryptocurrencies

[Charlie Sweet]

400 dollars? Why are you interested in buying if you think it will go down to that level.

I don’t think it’s going to go down that low.

I think that's it's natural level. It's a commodity item not an investment medium.

It'll bounce around the $1000 mark for a while before it settles dowb

 

[Kev The Rat]

I think that's it's natural level. It's a commodity item not an investment medium.

It'll bounce around the $1000 mark for a while before it settles dowb

Nonsense imo - but we shall see.

 

[Efcjake]

Not yet but I’d rather have what I have made out of crypto than nothing at all.

 

[Charlie Sweet]

Nonsense imo - but we shall see.

where is the inate value derived from though?

The recent hammering will scare off the Joe Publics that are needed to feed the speculation frenzy.......

 

[Kev The Rat]

where is the inate value derived from though?

The recent hammering will scare off the Joe Publics that are needed to feed the speculation frenzy.......

I do think it’s now mainstream enough to be linked quite closely to equities price wise, so if that moves up it will go up with it.

If equities tanks then yes it could go down. 400 usd would signal a total rout in equities though imo.

 

[SerenityNigh]

Do you think Bitcoin is dead now? Or would you recommend buying at this current price? I'm interested as personally I think the long term price will be $400 So I'm planning on waiting a month or two before buying.

What do you know about trading options? Can I introduce you to my pal @orly?

 

[Charlie Sweet]

I do think it’s now mainstream enough to be linked quite closely to equities price wise, so if that moves up it will go up with it.

If equities tanks then yes it could go down. 400 usd would signal a total rout in equities though imo.

How is it linked to equities?

Equities are based on a share of a real tangible entity and contain both an income component and the opportunity of capital appreciation (generally based on an increased perception of future earnings potential).

Equities are (generally) fully regulated and are feed for pension funds.

Equities offer a chance to guide and influence the underlying company.

Unless Ive missed something Crypto currencies don't offer any of the above?

 

[Efcjake]

How is it linked to equities?

Equities are based on a share of a real tangible entity and contain both an income component and the opportunity of capital appreciation (generally based on an increased perception of future earnings potential).

Equities are (generally) fully regulated and are feed for pension funds.

Equities offer a chance to guide and influence the underlying company.

Unless Ive missed something Crypto currencies don't offer any of the above?

Oh Charlie you have a lot to learn from Kev.


Pulls up chair

 

[Kev The Rat]

How is it linked to equities?

Equities are based on a share of a real tangible entity and contain both an income component and the opportunity of capital appreciation (generally based on an increased perception of future earnings potential).

Equities are (generally) fully regulated and are feed for pension funds.

Equities offer a chance to guide and influence the underlying company.

Unless Ive missed something Crypto currencies don't offer any of the above?

I’m talking about the price correlation as they do ‘appear’ to be now following each other to an extent. The reasons for that are not entirely clear.

At any rate I have to say in my opinion the valuation of a lot of companies is completely misguided.

I’m sure you like me have seen plenty of companies that look solvent and sound on paper vanish over night.

 

[Efcjake]

I’m talking about the price correlation as they do ‘appear’ to be now following each other to an extent. The reasons for that are not entirely clear.

At any rate I have to say in my opinion the valuation of a lot of companies is completely misguided.

I’m sure you like me have seen plenty of companies that look solvent and sound on paper vanish over night.

Correlation does not indicate causation.

How can you be sure your opinion on the valuation of Bitcoins isn't also completely misguided Kev?

 

[Kev The Rat]

Correlation does not indicate causation.

How are you sure your opinion on the valuation of Bitcoins isn't also completely misguided Kev?

I’m not saying it isn’t. It could be.

I’m saying valuation of most things is very difficult. Crypto isn’t alone at all in that regard.

If you’re very risk averse then don’t invest.

 

[Charlie Sweet]

I’m not saying it isn’t. It could be.

I’m saying valuation of most things is very difficult. Crypto isn’t alone at all in that regard.

If you’re very risk averse then don’t invest.

fair points generally but crypto currencies have nothing to support them so they stand alone in that regard..no?

 

[Moomin]

fair points generally but crypto currencies have nothing to support them so they stand alone in that regard..no?

True, like the Irish. No back bone in there body.

 

[Kev The Rat]

fair points generally but crypto currencies have nothing to support them so they stand alone in that regard..no?

Again I don’t agree that they are neccesarily any more risky than equities in terms of price.

Sorry if you feel that’s dodging the question but I look at investments in terms of risk levels.

 

[Charlie Sweet]

True, like the Irish. No back bone in there body.

Is that supposed to be funny? Your continual sniping at all things Irish is laughable but at some point you need to be called out for it. You wouldn't get away with it if I was black as you'd rightly be pilloried but somehow you think it's acceptable? Its racism pure and simple.