The Bitcoin Bubble

I'm curious to know how many of you invest in Bitcoin as a trading currency. Would you agree or disagree that buying Bitcoin/ Selling Bitcoin is arguably trading stocks in the black market? And if any of you use it as such.


Comments


[3 Points] 100x100ug:

Investing in BTC at this point in order to make a profit seems so incredibly risky and inefficient that it wouldn't be worth it for me. Especially with all the current controversy going on with BTC (check out /r/BTC), seems like it would be a waste of effort and overall disheartening experience.

I would be better off buying 100g of MDMA from NL and flipping that, and it would still be less risky than investing in BTC.


[4 Points] Theeconomist1:

For me, there's not enough instruments to make it a compelling trading commodity. With equities, you have derivatives (options) which can enable you to engage in different trading strategies. I can be bullish, bearish, or think things won't change and make money easily in each of those scenarios. If you are bearish on bitcoin, do exchanges let you sell short (sell BTC you don't own and square up later)? I haven't done a ton of looking into it I have to admit, but I don't see it mature enough. I know there are probably speculative folks trading BTC who are also sophisticated traders, just a different thing in my view.

I like options trading b/c of the incredible leverage it gives me. With a $10K trade, I can have the leverage of say, $100K or more worth of the underlying equity. So the profit margins can be incredible. A good trade can easily net me a 100% profit in a very short period of time. I don't see that possibility w/ BTC trading - but I could be wrong as I haven't done a lot of looking.


[1 Points] None:

When the ponzi scheme that is the world economy falls the fuck apart, gold, silver & other traded items will shoot through the roof. Every time the market dips, coins go up!!!!

The 2 sides fighting over BTC need to get it together before they fuck it all up.......Greedy Chinese miners!!!!!!