Gyroscopic Investing

dualstow wrote:My waitress at dinner, tonight. (Well, ethereum). Is this the start of a revolution or the proverbial shoe shine boy warning sign?

I'm going with the shoeshine boy.

Also there was a poster on bogleheads who said he works in a Fortune 500 manufacturing company, and EVERYONE he talks to at work has gotten in.

This is so insane that I expect something to break sometime in the next month or two.

All those Fortune 500 people have 401k's also, but you don't see stock indices gaining 1,000% in a year. I don't trust whatever's happening with cryptocurrencies right now either.

Kriegsspiel wrote:All those Fortune 500 people have 401k's also, but you don't see stock indices gaining 1,000% in a year. I don't trust whatever's happening with cryptocurrencies right now either.

This is the 1979/1980 silver bubble on steroids.

Maybe those guys got wind that their corporation was buying up BTC, since they didn't have anything better to do with their money

http://fortune.com/2017/12/22/bitcoin-value-loss/

"Michael Novogratz, the former Goldman Sachs Group Inc. and Fortress Investment Group LLC macro trader, said he’s shelving plans to start a cryptocurrency hedge fund and predicted that bitcoin may extend its plunge to $8,000.

“We didn’t like market conditions and we wanted to re-evaluate what we’re doing,” Novogratz said in a phone interview. He predicted last week that bitcoin could reach $40,000 within a few months."

Thanks dualstow for putting breaking news in your sig line.

dualstow wrote:By the way, that would be funny if bitcoininthevp and Marc were the same person...
...

Not the same person.

Long Island Iced Tea shares went gangbusters after changing its name to Long Blockchain

Taking a page out of the 60's "*tronic" and 90's ".com" playbook.

Kriegsspiel wrote:Long Island Iced Tea shares went gangbusters after changing its name to Long Blockchain

Taking a page out of the 60's "*tronic" and 90's ".com" playbook.

I remember those well.

But this time it will be different!

Kriegsspiel wrote:Long Island Iced Tea shares went gangbusters after changing its name to Long Blockchain

Taking a page out of the 60's "*tronic" and 90's ".com" playbook.

Dont forget Kodakcoin and the Kodak Bitcoin Mining Hardware. Yes, THAT Kodak!

https://www.kodak.com/kodakone/default.htm

Hey bitcoininthevp,

What's your take on the Bitcoin Cash fork? You HODLing your Bitcoin Cash stake, sold it already, or growing it?

MangoMan wrote:MOOC

I figured Online Course, but had to look up the rest. If anyone else is curious:
Massive Open Online Course

dualstow wrote:

MangoMan wrote:MOOC

I figured Online Course, but had to look up the rest. If anyone else is curious:
Massive Open Online Course

Well I guess the Massive part makes it more impressive than just an online course. Ginormous probably didn't sound serious enough.

Trying to attract the massive multiplayer online role playing game or MMORPG crowd.

Jack Jones wrote:Hey bitcoininthevp,

What's your take on the Bitcoin Cash fork? You HODLing your Bitcoin Cash stake, sold it already, or growing it?

I believe BTC has the right scaling path. It will take longer but will be more robust.

BCH is basically increasing the # of transactions linearly by a factor of 8. So instead of 7 transactions per second BCH would support ~56 transactions/second.

For reference Visa processes average of 2000 transactions per second with peaks into 50,000+ per second.

BTC is scaling via a new layer on top of bitcoin called Lightning. It is expected to handle much higher volumes, 1000's or 10,000's per second.

Since I got BCH "for free", it is interesting for the PP crowd in that Im speculating with an asset that I didnt purchase.

Ive converted some BCH to BTC. I watch the exchange rate between the two to see when might be a time to convert more. It is also nice have BCH as a hedge if lightning doesnt come soon or work out. I suppose. I dont see ever buying BCH.

MangoMan wrote:If anyone is interested, Princeton is offering a free MOOC on Bitcoin and Cryptocurrency.

http://www.openculture.com/2018/01/bitc ... ceton.html

Princeton's bitcoin course that you mention is a good course. However, for more lay people (non computer needs/programmers), I would recommend less technical videos.

If you are curious or skeptical about bitcoin I would HIGHLY recommend Andreas Antonopoulos' youtube videos. They are less technical and some are for beginners. And he does not just talk bitcoin but how it fits into the world, monetary systems, governments, etc.

https://www.youtube.com/channel/UCJWCJC ... 5DhCieLOLQ