Bitcoin....

All of these Cyrptocurriencies remind me of the 1999 Internet stock market bubble. It was all speculative, not driven by actual value, or actual sound financial backing, with wild gains. So, you have to be ready for a dramatic crash and then a gradual rebuild of value as they get mainstream.
 
There's nothing new really happening. Hacking risks have always been there. Although, within the last 2 weeks, Bitcoin futures started trading which gives people the ability to short it. That is likely what is putting pressure on prices. This is by no means a crash, just a temporary correction. Might even be a buying opportunity. There are more and more exchanges jumping onboard the futures train, plus several ETFs in the works, which will help to establish cryptocurrency as a viable instrument as well as stabilize pricing.

There is certainly a bubble aspect to this, mainly due to the fact that many investors have absolutely no clue what they're actually buying (like the dot com bubble). Take for example this clever marketing ploy:

Long Island Iced Tea Sitting On 350% Gain After Rebranding As 'Long Blockchain Corp

Will a small iced-tea maker be the next big blockchain innovator? uh-huh.

Anyhow, it's an exciting time. Now, if I could just figure out how to get rich off it!
 
Want to know about BITCOIN?

A lot of monkeys lived near a village.
One day a merchant came to the village to buy these monkeys.
He announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, some people caught some monkeys and gave them to this merchant and he paid $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold them to the merchant.
After a few days, the merchant announced that he will buy monkeys @ $200 each.
The lazy villagers also ran around to catch the remaining monkeys.
They sold the remaining monkeys @ $200 each.
Then the merchant announced that he will buy monkeys @ $500 each!
The villagers start to lose sleep! ... They caught six or seven monkeys, which were all that was left and got $500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ $1000 each.
He asked his employee to take care of the monkeys he bought. The employee was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.
Then the employee told them that he will sell some monkeys @ $700 each secretly.
This news spread like fire. Since the merchant buys monkeys @ $1000 each, there is a $300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came! ... Then they ran to the employee...
But he had already gone too.
The villagers then realized that they have bought the useless stray monkeys @ $700 each and unable to sell them!
The Bitcoin will be the next monkey business.
It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That's how it will work.
 
tommyt654 said:
Want to know about BITCOIN?

A lot of monkeys lived near a village.
One day a merchant came to the village to buy these monkeys.
He announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, some people caught some monkeys and gave them to this merchant and he paid $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold them to the merchant.
After a few days, the merchant announced that he will buy monkeys @ $200 each.
The lazy villagers also ran around to catch the remaining monkeys.
They sold the remaining monkeys @ $200 each.
Then the merchant announced that he will buy monkeys @ $500 each!
The villagers start to lose sleep! ... They caught six or seven monkeys, which were all that was left and got $500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ $1000 each.
He asked his employee to take care of the monkeys he bought. The employee was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.
Then the employee told them that he will sell some monkeys @ $700 each secretly.
This news spread like fire. Since the merchant buys monkeys @ $1000 each, there is a $300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came! ... Then they ran to the employee...
But he had already gone too.
The villagers then realized that they have bought the useless stray monkeys @ $700 each and unable to sell them!
The Bitcoin will be the next monkey business.
It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That's how it will work.
Click to expand...

Yup

It's the next real estate bubble
 
tommyt654 said:
Want to know about BITCOIN?

A lot of monkeys lived near a village.
One day a merchant came to the village to buy these monkeys.
He announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each.
Click to expand...

PM me with the monkey site info.
 
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