Ten Risks for Bitcoin and Other Digital Currencies

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  • #13663

    [article]407[/article]

    #13664
    ThePitBoss
    Participant

    Thank you – great information!

    #13669
    Assistanc3
    Participant

    11 – an EMP

    #13673
    TradersCom
    Keymaster

    We have people saying this move is rational – at $9843 here:

    Some vertical action from the herd?

    [tweet]935225047207133185[/tweet]

    #13699
    Super Harley
    Participant

    This year’s Bitcoin drawdowns

    Nov: -29%
    Sept: -40%
    July: -38%
    Mar: -29%
    Jan: -35%

    [tweet]935845984059437056[/tweet]

    #13705
    MoneyNeverSleeps
    Participant

    Quite The Freaking Pullback in a half day session!

    [tweet]935963372541153280[/tweet]

    #13794

    [size=5]HOLY COW — Current value is 12,887 & still climbing as folks still don’t want to be left out … There are actually a few e-commerce advantages of block-chaining an exchange between 2 parties far more quickly than banks (esp. international transactions) & some added privacy (where bank details could be vulnerable in more traditional transactions). Still there are LOTS of risk as well & the ISC did an awesome job on 10 risks for cryptocurrency which was summarized in top post above:

    BITCOIN = 12,887.0049+450.34 (+3.62 %)
    https://finance.yahoo.com/quote/BTCUSD%3DX%5B/size%5D

    #13799
    Assistanc3
    Participant

    most people still have no clue what a Bitcoin is, how it is created and what its used for

    #13805

    UN-BULL-EVIL-ABLE … BITCOIN = $15,000 … up about 20% in just 24 hours 8) 8) 8)
    https://www.marketwatch.com/story/bitcoin-blasts-through-15000-milestone-soars-20-in-24-hours-2017-12-07

    #13806

    Game maker STEAM has quit accepting Bitcoin due to high volatility in US currency converrsions … I never thought of that angle but it makes sense when one can lose or gain 20% on a sale in just ONE DAY
    http://www.businessinsider.com/valve-owned-steam-has-stopped-accepting-bitcoin-2017-12

    #13809

    BITCOIN hits HIGH of 19,340 and “plunges” back to 15,000s
    https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html

    #13810

    BITCOIN EXCHANGE “NICEHASH” HACKED
    http://www.eweek.com/cloud/bitcoin-exchange-nicehash-hacked-as-cryptocurrency-hits-new-highs

    QUOTE: Though NiceHash has not publicly disclosed the number of lost Bitcoins, according to a Reuters report, 4,700 Bitcoins (BTC) were stolen from NiceHash. The value of Bitcoin has surged dramatically on Dec 7. with prices ranging from $15,000 to a high of $20,000 as of 1:30 PM ET, putting the value of the theft in the range of $70.5 to $94 million.

    #13838
    Assistanc3
    Participant

    I’ve randomly asked people about Bitcoin recently and here are some things I learned

    most have no clue what its about
    the ones that have heard of it, few knew that its a fractional currency
    most think its a great idea that solving problems creates currency

    #13848
    MoneyNeverSleeps
    Participant

    Bitcoin has taken Money Never Sleeps to a new Level

    #13849

    ^^^ +1 … TRUE the BITCOIN also “never sleeps” … in fact while we sleep, it can loose 20% to go to BEAR MKT, gain 40% back to BULL ,and level back down to “EVEN STEVENS” all in the space of 12 hours …. Lord knows how many times it’ll do that dance while A3 nappeth 😉 8) 8) 8)

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