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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    35.0%
  2. Passing Fad

    65.0%
  1. CCity Zero

    CCity Zero Member

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    I'm watching next time there is major tariff mention on social media/elsewhere, hint of any tension... if market reacts, bitcoin will follow and seems to lag market (briefly), I expect this to be a repeating pattern with how the market is reacting.

    I haven't looked at mining stocks for easier version of a short, but I heard people trading crypto on leverage got wrecked when they were on the wrong side.

    https://finance.yahoo.com/news/trader-made-160-million-shorting-183109978.html



    Pro Crypto/BTC people, I'm not saying it's crashing or whatever so don't worry ... I just like playing quick positions (especially on stock options). I don't need a long term window when I can quickly flip 30-100%+ with how fast things are moving. With that said I don't know if I'd double down if I got that payout, hahah
     

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