![[Image: oitUxRI.png]](https://i.imgur.com/oitUxRI.png)
Kudos to early investors of Bitcoin, on hindsight it is an asymmetric bet (limited down side, huge potential upside) that capitalize human greed and skepticism of establishment, with legit interesting use case and value proposition.
I think it was smart to put 1% of asset into Bitcoin early on. As for the next few months I am still bullish bitcoin and mining hardware in general. But in 10-20-50 years? I can't see a great "exit" from this "investment".
Bitcoin price now around USD$250 billion. Around where Tencent and Alibaba were in Janurary.
https://coinmarketcap.com/currencies/bitcoin/
That's a lot of price to pay just to be able to transfer money to one another without Government supervision.
![[Image: AO-bitcoin-the-new-gold.png]](https://cuffelinks.com.au/wp-content/uploads/AO-bitcoin-the-new-gold.png)
Now Bitcoin price is 7 times above this chart.
Almost the time before all the mom and pops start to leverage enter the market.
A Bitcoin Frenzy Like No Other Is Gripping South Korea
By Kyungji Cho , Yuji Nakamura , and Narae Kim
December 7, 2017, 12:19 AM GMT+8 Updated on December 7, 2017, 10:36 AM GMT+8
Like thousands of South Koreans, Moonsung Bae is infatuated by bitcoin.
The 35-year-old financial analyst got his first taste a year ago, before the cryptocurrency exploded into one of the wildest investment stories of our time, and by the end of last month his personal holdings had swelled to half his liquid assets.
“I had this fear when I first bought,” Bae said. “But then I realized, oh, it actually works.”
More details in
https://www.bloomberg.com/news/articles/...16-premium
Josiah Wilmoth on 07/12/2017
Bitcoin Price to Reach $60,000 Before Crashing to $1,000 in 2018 is Saxo Bank’s ‘Outrageous’ Prediction
Quote:The bank predicts that fueled by prolonged bullishness over the advent of bitcoin derivatives, the bitcoin price will rise approximately 400 percent from its current level to peak above $60,000 — bringing its market cap to $1 trillion.
However, Saxo warns, bitcoin’s meteoric ascent will be equaled by the rate of its demise. Concerned about capital flight, China and Russia will unleash a multi-pronged assault on the decentralized cryptocurrency ecosystem to “shift the focus away from Bitcoin”. In addition to creating their own, state-backed cryptocurrencies, the two governments will ban mining, citing environmental concerns even though their true priority is keeping a handle on domestic monetary policy.
https://www.cryptocoinsnews.com/bitcoin-...rediction/
Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold
By Olga Kharif
December 10, 2017, 12:17 AM GMT+8
Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold.
Wall Street’s plan to launch futures contracts on Sunday, making it easier to bet against the digital currency’s rally in recent months, is making some enthusiasts nervous -- but not Winklevoss. He’s one of the famed 36-year-old twins who played an early role in Facebook Inc.’s formation, then dedicated part of their fortune to the cryptocurrency and have since tried to win approval for a bitcoin trading vehicle.
Winklevoss bases his price projection on the market value of gold, which he pegged at about $6 trillion and others calculate at closer to $7.5 trillion. Investors are beginning to embrace the idea that bitcoin, “mined” by computers performing complex calculations, is more portable and divisible than the precious metal, he said.
More details in
https://www.bloomberg.com/news/articles/...mes-higher
![[Image: vZnzUMK.png]](https://i.imgur.com/vZnzUMK.png)
2017-12-13
Google search interest of "Bitcoin Price" vs "Gold Price"
Bitcoin interest march on unabated, exceeding the peak of Gold during the depths of the bursting of the Gold Bubble in 2013.
Considering most retail investors still has no idea how to invest in Bitcoin and institutional investors are just starting to get access, I'm inclined to believe we are still at the
first innings of the Great Bitcoin Bubble.
(not vested)
(13-12-2017, 09:51 PM)Wildreamz Wrote: [ -> ]
2017-12-13
Google search interest of "Bitcoin Price" vs "Gold Price"
Bitcoin interest march on unabated, exceeding the peak of Gold during the depths of the bursting of the Gold Bubble in 2013.
Considering most retail investors still has no idea how to invest in Bitcoin and institutional investors are just starting to get access, I'm inclined to believe we are still at the first innings of the Great Bitcoin Bubble.
(not vested)
The retail investors in Korea are investing in Bitcoin left and right(20% of global trade volume). Given that even their gov is now clamping down on new coin ICOs I'd say we are somewhere in the middle of the bubble liao, it just depends on which country is involved in it. Chinese retail investors also been investing in Bitcoin for quite a while now, even trying to set up "farms".
bitcoin has also has a few "forks" liao and now there is bitcoin futures trading.
https://en.wikipedia.org/wiki/List_of_Bitcoin_forks
Coupled with others like Ethereum and Litecoin also booming like crazy....
The speed at which its going I give it maybe another half year at most. Once there is futures trading, it will be going into dangerous derivatives and high leverage territory. Looking more and more likely to be the trigger for the next GFC.
Many Bitcoin speculators have forgotten what happened @ Mt.Gox few years back
What happen when the coin truly collapse?Any contingent effect ?
I thought all the wealth created in this world are fake. Just a number. Collapse just restart a new game.
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