Ask me about Bitcoin/Crypto investing

[Deleted member 65]

NVIDIA Announces Record Q4 2018 Results

"
For their 2018 fiscal year, NVIDIA racked up $9.71 billion in revenue, which is up 41% from a year ago. Earnings per share for the year were $4.82, up 88%.

NVIDIA has kind of hit a magic sweet spot, where they had been diversifying into growing markets, but have found themselves also swept up in the GPU fed craze of cryptocurrency, feeding their core business as well. ...

you’d be lucky to find any in stock thanks to the copious number of GPUs purchased for mining coins."

https://www.anandtech.com/show/12418/nvidia-announces-record-q4-2018-results

 

[NorthSky]

• http://www.cbc.ca/1.4526877

 

[Candlesticks]

https://www.reddit.com/r/Buttcoin/

That subreddit does a lot of cryptocurrency mocking as well mocking /r/Bitcoin.

 

[NorthSky]

Hackers and scammers plus a fragile security system are my biggest concern.
No system is infallible, the more underground the easier to break.

It'll be interesting to see what 2018 has in its plate. You never know...
It's like SpaceX

* Extra: https://techcrunch.com/2018/02/09/s...-more-times-in-2018/?ncid=mobilerecirc_recent

 

[iridium]

Steve Wozniak's bitcoins actually got stolen.

Read more at:
//economictimes.indiatimes.com/articleshow/63075377.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

iridium

 

[Wombat]

Divorce hunt: https://www.theage.com.au/business/...essy-divorces-even-worse-20180227-p4z1v6.html

 

[RayDunzl]

 

[Wombat]

Value halved since December 2017 peak.

https://www.theage.com.au/business/...rst-warns-global-insurer-20180315-p4z4ez.html

I hope members weren't persuaded to buy Bitcoin after the beginning of this thread.

 

[NorthSky]

• https://m.nasdaq.com/article/the-king-is-not-dead-5-reasons-bitcoin-could-bounce-back-cm934914

They just need to make the system hacker-proof. When they know how to do that, things should improve...I think.

 

[dallasjustice]

Is the bitcoin hype machine dying?
One Year Google Search trend:

 

[derp1n]

Long since time for @tr1ple6 to start a "Ask me about Vegas/lottery investing" thread.

 

[dallasjustice]

Not even one letter?

 

[DuxServit]

Is the bitcoin hype machine dying?
One Year Google Search trend:
View attachment 14622

I’m not always a fan of Paul Krugman (Economist), but his piece in NYT (“Bitcoin in Evil”) correctly summarizes the issues with Bitcoin.

 

[Sal1950]

Every ponzi scheme eventually runs its course.

 

[DuxServit]

Every ponzi scheme eventually runs its course.

Thing is, there are today hundreds of new crypto-currencies that are not backed by any real-world assets. For every Ponzi scheme killed, two or three new ones emerge

I know the USD greenback ceased to be tethered to gold and assets etc. in 1972, but the whole US economy and legal/social infra is “backing” it.

 

[watchnerd]

Every ponzi scheme eventually runs its course.

https://www.bloombergquint.com/mark...t-surpassed-dot-com-levels-as-losses-reach-80

 

[Sal1950]

Thing is, there are today hundreds of new crypto-currencies that are not backed by any real-world assets. For every Ponzi scheme killed, two or three new ones emerge

Sooner or later people get wise to the con and walk away with what they have left. Going back or looking for more conservative investments.

“It just shows what a massive, speculative bubble the whole crypto thing was -- as many of us at the time warned,” said Neil Wilson, chief market analyst in London for Markets.com, a foreign-exchange trading platform. “It’s a very likely a winner takes all market -- Bitcoin currently most likely.”

Hate to say I told you so. LOL

 

[watchnerd]

Sooner or later people get wise to the con and walk away with what they have left. Going back or looking for more conservative investments.

“It just shows what a massive, speculative bubble the whole crypto thing was -- as many of us at the time warned,” said Neil Wilson, chief market analyst in London for Markets.com, a foreign-exchange trading platform. “It’s a very likely a winner takes all market -- Bitcoin currently most likely.”

Hate to say I told you so. LOL

Well, you and thousands of others told them so......

The Bitcoin bulls will argue that it's still worth 15x what it was in 2016.

Which is irrelevant to its value going forward....past is no indicator of future results, as they say.

 

[Wombat]

The here and now.

 

[watchnerd]

The here and now.

I'm still curious as to why @amirm thought it was a hot topic for an audio site....