The Winklevoss Twins LOVE Bitcoin, own 1% of all coins

NexusFi · 2015-04-06T17:56:00-04:00

Where's greenr and why did GaryD vanish (I know why, j/k). Same reason researcher247 didn't post for a long time and now somewhat infrequently. Busy busy busy. later... : ) I did not vanish, though I nearly got banned. I think Big Mike may still be upset with me, but I hope he either understands, or will, that it was a shift. Major shift. I have withdrawn to a solitary life of trading and occasional drivel, and living again. ;) greenr became a mini-banker, and is probably becoming …

Discussion in Cryptocurrency

Updated April 6, 2015

The Winklevoss Twins LOVE Bitcoin, own 1% of all coins

April 6th, 2015, 05:56 PM

#11 (permalink)

garret

orange, CA

Posts: 2 since Apr 2015

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Cogito ergo sum

Can't wait to short this financial product, preferably with the use of some options to mitigate the inherent volatility of bit coins

i've been following Bitcoin very closely and trading it for a couple years now. I would be careful if anyone if considering BTC for a long term investment. Some people in the community think that BTC will be worth 1 million per Bitcoin (due to scarcity), but i think they are totally delusional. Its their lottery ticket. It is fun to daytrade though

There are also "altcoins", which most people haven't even heard of yet. They could take some of the wind out of the BTC
price. You can daytrade altcoins as well. They can go up in value 1000% in some instances, but there is a ton of insider stuff going on. I would say they are an equivalent to penny stocks.