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Post by elephantrosie on Jun 25, 2019 19:53:38 GMT
BTC has hit over USD 10K again this week. Its price is going up still and I thought investors might cash out from stocks and p2p to buy BTC. And thus discounted offering on secondary market. Unfortunately, this has not happened....  (( PSA: do not chase after BTC bubble LOL |
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Jun 25, 2019 23:42:26 GMT
BTC has hit over USD 10K again this week. Its price is going up still and I thought investors might cash out from stocks and p2p to buy BTC. And thus discounted offering on secondary market. Unfortunately, this has not happened.... (( PSA: do not chase after BTC bubble LOL a) If BTC has just spiked why would you sell stocks and shares to buy BTC, if you had a balanced portfolio you might sell some of the BTC and buy stocks and shares. b) At roughly current prices BTC has a market cap of $208Bn The market cap of the FTSE 100 is over £1Tn and S&P500 is nearly $23Tn and there are many other stocks and shares. c)As risky as some the P2P offerings are, I doubt many compare them to speculating with Bitcoin.
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Post by Harland Kearney on Jun 26, 2019 15:30:31 GMT
Because the last time it spiked, people who drove to buy it lost a large amount of wealth in the collaspe. I'm sure if you bought near the peak you could of lost over 40 percent of wealth even still today, if you sold out near the bottom of the crash/bear run, well; 75 percent plus.
People can do what they like, but wouldn't put large amounts in BTC unless its play around money.
I'm looking at Libra, that is going to be interesting!
Plus; Bitcoin is more like a commodity in my oppion. I want returns on Interest via Peer to Peer and bonds, returns in capital acculamation via the global stock and equity markets.
My only interaction with Bitcoin is that some of my customers pay me with it (transfers to USD on redemption with my gateway)
The topic is so complex on BTC, im not qualified to speak about it in any meaningful way. But I think many investors feel the risk, speculation, lack of regulation (which will change as BTC grows, if. This will be the largest factor equalling corrections and crashes if anything from 2018 is to learn from), as well as possiblity of platform collaspe on a scale similar to Lendy. I know already many platforms have had intrusions where customers have lost money but lack of regulation does not entitle any form of compensation.
Maybe somebody can clear this up even, but I know its a very cow boy platform trading for BTC on some sites.
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Post by elephantrosie on Jun 26, 2019 19:34:30 GMT
13872 USD now!
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((
