Bitcoin Is Over $7,200!

[DTB]

Only got to this post so far and commenting.

At this point, akin to golds actual vol (not iv) during time we went off gold standard. Btc doing same thing to a T. Btc actual vol is not different than gold. So I'd base btc iv off gold actual vol.

So /es is beta of 1. I'd run btc bets prob at 3-5 x's. It's unknown territory.

So /es sells off in economic correction. Gold rises. Btc is gold but better.

So /es falls 100. Btc rises 500. But that's not known. Just guess. So need to beta weight it. /es is known as a 1. Btc is unknown. I'd go 2-5 beta as guess.

When they are not correlated.

GLD and SPY are both up 18% since 12/2016 lows.

 

[Deleted member 134708]

all tongue and cheek here

Sad part. Or great part. Depends what side your on.

To me: your words aren't cheek. They are real. Only 500mm out of 8B see it.

Ponzi' Sade of the past. These generations tricked people. They knew it. This happened again to another 3 generations.

Well, it's done. No more. We control our lives. We. We, we.

Zimbawae. Your free baby.

Taxes vs. loopholes is said to be a cat and mouse game. I agree to that analogy.

Governments worldwide....hahahaha....your about to go cheetah vs. elephant status.

I'm so thankful to be able to witness this.

I'm to the right of God on fiscal issues and to the left of anarchists on social issues. This is the key to that door. What's behind it? We are about to find out if you are informed.

 

[Non Sequitur]

Bubble or price discovery?

http://www.abc.net.au/news/2017-12-01/heres-what-would-happen-if-the-bitcoin-bubble-burst/9201942

 

[The Bob]

CME to launch bitcoin futures in three weeks after green light from regulator; bitcoin jumps

https://www.cnbc.com/2017/12/01/cme-says-its-launching-bitcoin-futures-on-dec-18.html

Any guesses on what the margin will be? I say 100%.

 

[Terrel L. Shields]

There is absolutely nothing to back this coin. No faith and credit nor bullion. It will return to its intrinsic value eventually.

 

[berniek]

Try to pay your taxes or go shopping at Aldi with Bitcoins....good luck.

 

[djd09]

According to various sources, a Federal Reserve employee was caught using the central bank’s internet server to mine bitcoin. Nicholas Berthaume, who worked for the Federal Reserve Board in Washington, was sentenced to a year of probation and fined $5,000 for using unauthorized Bitcoin software on a federal server.

https://news.bitcoin.com/federal-reserve-employee-mines-bitcoin-using-the-feds-server/

You ain't beating the man.

 

[DTB]

There is absolutely nothing to back this coin. No faith and credit nor bullion. It will return to its intrinsic value eventually.

The risk free rate of return currently is effectively zero.

A percentage of one's portfolio in speculative currency is not living on the edge.

 

[gregb]

The risk free rate of return currently is effectively zero.

A percentage of one's portfolio in speculative currency is not living on the edge.

What percent and depends on one's age, health and life expectancy, non?

 

[DTB]

What percent and depends on one's age, health and life expectancy, non?

Of course, as does downhill skiing and most other life endeavors.