BitCoin
We added one bitcoin to our speculative portfolio. I know we discussed adding two but it would have taken us over our maximum investment per "stock".
It is coming in for some really bad press at the moment. Are we happy to hold or do you want to cut our losses. We are down AUD$1600
The following article is from MarcusToday 16/9/17
It is coming in for some really bad press at the moment. Are we happy to hold or do you want to cut our losses. We are down AUD$1600
The following article is from MarcusToday 16/9/17
David wrote,
ReplyDelete"Dear James,
If you were going to buy one......
Where would you actually go to do the business ???
Cheers, David "
Peter Wrote
ReplyDelete"Hi All,
I saw an interesting documentary the other day. I think it was called – "Bitcoin you can Bank on it". No doubt it is a real disrupter, but regulation will ensure a lot of the benefits are lost. The Banks are now starting to mobilise and streamline their money transfer processes in answer to the Bitcoin revolution. I think it might be doomed, but the Blockchain is sure to gain more support an so it may be reinvented down the track.
Cheers,
Peter
PS I won't be back in OZ until the 3rd October. Will that be intimate for our next meeting?
Peter Watson"
Claudia wrote
ReplyDelete"Dear Claudia,
China’s ICO ban has the crypto world in a fizz.
Bitcoin is down 20% overnight.
Question is...
Should you follow the uninformed crowd and sell up?
Heck no!
Here’s what I think you should do...
Pile in....and grab as much as you can.
You’ll likely never get a chance to buy bitcoin at these prices again.
China can’t stop the cryptocurrency revolution.
They’ve tried before...and FAILED.
Bitcoin has recovered from Middle Kingdom meddling. Every. Single. Time.
That’s no wild claim. Just pure fact.
Look at this...
In December 2013, the People’s Bank of China (PBoC) banned payment companies from working with bitcoin exchanges.
Bitcoin dropped 35% and the overall cryptocurrency market dropped even more, losing 47%.
Then, in March 2014, something similar happened.
Speculation ran rampant that China would ban bitcoin altogether.
The day after the rumour surfaced, bitcoin and the cryptocurrency markets were down over 7%.
Both lost roughly 40% in less than a month.
(The ban never did happen.)
Then, on 9 February 2017, the government banned bitcoin withdrawals from Chinese bitcoin exchanges.
Point is, after every Chinese crackdown, bitcoin not only recovered...
It surged to a new high!
I think this time will be no different.
You’d be mad not to jump into this market while you can still pick up the best cryptos at a major discount.
Here are three must-own cryptos we believe every investor should buy today.
The first must-own crypto is the first and biggest of all the cryptocurrencies. It’s revolutionised the financial world. And made hundreds of everyday investor millionaires. Yet even after a recent stellar rise...you could still make 6,143%.
Your second must-own crypto is more of an infrastructure play than it is a currency. I see it as the ‘second coming of the internet’. And it could turn every dollar you invest into $110!
The third is more a ‘crypto traitor’. It’s helping the existing money system find ways to adapt to the new era of money. An investment in this crypto is like having a foot in both the ‘old money’ and the ‘new money’ camps. I think it could make you 500 times your money in the next five to 10 years.
In this exclusive crypto presentation, I’ll show you how to get your hands on the name of each must-own crypto.
Don’t pass up this opportunity to claim your own share of the crypto fortune up for grabs.
Click here for everything you need to know.
Cheers,
Ryan Dinse Signature
Ryan Dinse,
For Markets & Money
My view is that the fundamentals surrounding bitcoin are that it has crossed over from being a highly speculative 'investment" to a gamble, where losing the whole investment is a possibility. The views of Jamie Dimon of JP Morgan (The world largest bank) vs those Ryan Dinse of Port Phillip Publishing is no contest.
ReplyDeleteI get the Port Phillip Publishing modus operandi, pick an investment with a story (Marijuana - Pain killer becoming legal, Lithium - eco electricity storage,) that is nano cap with very thin volumes recommend there readers buy it and of course the stock is going to go up. The trick with this is that you buy quickly and sell within a few days whilst buyers out number sellers. Bitcoin is not a nano cap and his recommendation will not move the dial. Most of the growth in Bitcoin has been because wealthy Chinese nationals have been using it to circumvent mandated exchange controls.
I believe the Chinese government will succeed. Bitcoin activity (other than mining) is now illegal, so bitcoin exchanges cant deal with banks, most of which are Government owned. National that are now caught circumventing exchange controls are arrested, loans from banks are cancelled and assets confiscated, all very powerful stuff.
If we are going to undertake trades where the whole investment is at risk, I would like to see it in Options where the risk can be mitigated and the returns are higher over a shorter period of time. Failing that #5 (English) in race 7 at Randwick looks good, higher return and shorter pay back period
An update on English in race 7, it ran fourth
ReplyDelete