BitCoin Mania Tweets of the Day

Mish

Bitcoin futures are up. The market makers are excited by arb possibilities.And it's easy to get grandma in the game.

Quick, Get Grandma In

Mortgages to Buy Bitcoin? Why Not?

Will Bitcoin Oust the Euro?

Bitcoin Bonanza

Trading Halts

Whopping Premiums

Trading Volumes

History Flashback

Mike "Mish" Shedlock

Comments (10)
No. 1-10
Michaelf
Michaelf

Grandma's next media appearance in the media will be her demanding a Government bailout.

xil
xil

@Michaelf, why should grandma demand a bailout when only the rich receive them?

Seb
Seb

So I get that you guys are going by an old standard with old axioms and preconceptions. But you do not understand the potential of the technology and the advantage of decentralization. Sending money to anyone you want without government interference or involvement should be a libertarians wet dream. Yet here you are standing in incredulity or fear. You preach about robots but can’t even fathom that technology will take us off planet and into mining asteroids and other planets... with those very same robots. We will need a new value system regardless. And if you want economic freedom it won’t be because governments invent it.

TheLege
TheLege

There are precisely zero barriers to creating your own crypto-currency and zero barriers to creating a superior platform to the existing ones and yet .... as the ole saying goes, you cannot fix stupid.

Onni4me
Onni4me

"technology will take us off planet and into mining asteroids and other planets..." And never mind the costs since value of the Bitcoin will just increase! Thanks for the laughs of the day.

bradw2k
bradw2k

As far as I can tell, Bitcoin is useless. Unless you are running a ransomware operation.

Realist
Realist

Bitcoin, and the blockchain technology behind it, is an interesting invention. It is designed to act as a currency/exchange-medium which allows you to bypass financial intermediaries and governments when making transactions. Recently, it has transformed into a speculative asset, which makes it far too volatile to act well as a currency. Though I have made a lot of money from my original position (7 bagger) I have reduced that position twice now to lock in my profits, but keep a small investment in bitcoin. I am not a big speculator, but occasionally will risk a 1% position in something speculative, like bitcoin. It is entirely possible, in the long run, that bitcoin can become entrenched as the currency of choice for the majority of transactions worldwide. It is also possible that it can be supplanted by other cryptocurrencies, and become a mere footnote in financial history. Anyone who says with "certainty" that they "know" what's going to happen to bitcoin, should invest every penny they have in making a fortune from this amazing "knowledge". Put your money where your mouth is.

Casual_Observer
Casual_Observer

Isn't all this just another way to create a black market ? This is a giant money laundering operation for somebody. It is highly surprising the US, EU, Japan etc haven't come out with some regulations on it.

Realist
Realist

Perhaps governments will step in to try to regulate Bitcoin, or other Cryptocurrencies. That is just one more unknown. I'm not sure how that would go. Would it be "the end" of bitcoin, or an event that takes it to the next level?