Results 1 to 25 of 48
Hybrid View
-
10-04-2017, 02:57 PM #1
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Goldman Sachs is on the verge of giving bitcoin their seal of approval (hopefully). Once that happens, you'll start seeing mass adoption and then the price will take off!
-
10-05-2017, 04:29 PM #2Karen37aGuest
** new point-counterpoint person...hmmm
Goldman said that they would have a sperate division for cryptocurrency Jamie Dimon who coined bitcoin a fraud, also said its like tulip mania
“The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”
“It is worse than tulips bulbs,” Dimon said, referring to a famous market bubble from the 1600
I see it from a quantitive analysis side and qualitative. and to make something out of the air and call it a currency is insane. But as long as someone is willing to buy it, it stays afloat.
They are using it for money laundering purposes, huge drug transactions, money in money out no taxes and as soon as the Govt gets ahold of it POOF ...its loses its main attraction.
Its dangerous in my opinion ...but mine away...people can make money during bubbles...maybe it gets backed by something one day like the dollar was with gold...doubt it.( becausse someone trades something of real tangible value for air)
Again too big a concept for me to wrap my mind around...like infinity and the big bang how did it start, what was there before itLast edited by Karen37a; 10-05-2017 at 04:42 PM.
Similar Threads
-
Restricted Tough Industry; Bitcoin; $1 Million Deps Per Months
By Will Sanio in forum Deal BinReplies: 5Last Post: 10-27-2016, 01:39 PM -
Bitcoin E-Commerce Security
By PJLamar38 in forum Deal BinReplies: 2Last Post: 03-09-2016, 12:02 PM -
Bitcoin ATM Provider
By lendinghand in forum Deal BinReplies: 2Last Post: 10-21-2015, 10:34 PM