DonPeffers Posted December 11, 2017 Posted December 11, 2017 BBC news today mentions concerns that the Bitcoin bubble has led to some individuals borrowing money to buy Bitcoin, and if it falls could possibly struggle to repay and might default. News article 20 Aug 2015 http://www.independent.co.uk/news/business/comment/mark-carney-sends-goldman-sachs-an-early-invitation-to-the-next-bailout-party-10463118.html says "Next time there’s a financial meltdown, your money could be rescuing Goldman Sachs. Yes, thanks to a new deal struck by Mark Carney, the former Goldman man now running the Bank of England." 5 hours ago Financial Times https://www.ft.com/content/9404475c-dd9d-11e7-a8a4-0a1e63a52f9c says "Prices soar as new bitcoin futures start trading. Cboe Global Markets forced to halt trading twice due to ‘heavy traffic’." Get ready for the next (overdue) financial collapse once major gambling on Bitcoin price movements gets well underway. I might invest in tinned foods to be retained in the house. Quote
Alan France Posted December 12, 2017 Posted December 12, 2017 The text with this images is: A worker checks cryptocurrency mining machine systems at the SberBit mining "hotel" in Moscow, Russia this week (Credit: Bloomberg.) Note the built in redundancy of multiple trailing leads! Again, what could possibly go wrong. Quote
corsechris Posted December 15, 2017 Posted December 15, 2017 I’m more bothered about the long established and entirely unfathomable “futures” market. Quote
DonPeffers Posted December 15, 2017 Posted December 15, 2017 Two quotes from legendary investor Warren Buffet "Derivatives are financial weapons of mass destruction" and "Risk comes from not knowing what you're doing". Quote
Ragaman Posted December 28, 2017 Posted December 28, 2017 Hi Martin Ive been looking at this Bitcoin system recently as well and being a very sceptical person I just cant get my head around it. But would love to take a gamble on it. Have u taken it any further? Ragaman Raymond Gray Quote
Blatman Posted December 28, 2017 Posted December 28, 2017 On 12/12/2017 at 10:49, Route66 said: The text with this images is: A worker checks cryptocurrency mining machine systems at the SberBit mining "hotel" in Moscow, Russia this week (Credit: Bloomberg.) Note the built in redundancy of multiple trailing leads! Again, what could possibly go wrong. He's only playing at it... http://www.datacenterknowledge.com/archives/2014/07/10/massive-bitcoin-mines-spring-up-in-warehouses Quote
Sparkymart Posted December 28, 2017 Author Posted December 28, 2017 4 hours ago, Ragaman said: Hi Martin Ive been looking at this Bitcoin system recently as well and being a very sceptical person I just cant get my head around it. But would love to take a gamble on it. Have u taken it any further? Ragaman Raymond Gray No i reckon I'm to late to the party with bitcoin but I am looking at litecoin another cyrtocurrancy Quote
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