Bitcoin dangers.. impossible to see through all th
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Posted On: 12/07/2017 7:06:47 AM
Bitcoin dangers.. impossible to see through all the money and excitment..
The world’s biggest banks reportedly want to halt bitcoin futures launch
https://www.cnbc.com/2017/12/07/bitcoin-futur...banks.html
...maybe nothing bad will happen. maybe bitcoin will hit $900,000 by saturday, who knows. we simply cant see the future, but to ignore whats happening is even moe dangerous. BTC is completely unregulated, now futures are about to hit.
im beginning to wonder if BTC is not like the Tulip Mania, but rather something even more dangerous; perhaps something that hasnt even been given a name yet.
An apple costing .50 cents is fine. An apple costing $4 is worrisome. An apple costing $40,000, for no reason, will make farmers believe apples are 'special' and 'must be owned'...
..until everyone wakes up one day and realizes their precious priceless apples are... only... apples.
The world’s biggest banks reportedly want to halt bitcoin futures launch
Quote:
The letter reportedly criticizes the introduction of bitcoin futures and states that the Chicago exchanges, CME Group and CBOE Global Markets, should not be allowed to launch bitcoin futures under a self-certifying regime.
The FT reported that a draft version seen by the newspaper said proposed rules for bitcoin futures trading do "not align with potential risks that underlie their trading."
https://www.cnbc.com/2017/12/07/bitcoin-futur...banks.html
...maybe nothing bad will happen. maybe bitcoin will hit $900,000 by saturday, who knows. we simply cant see the future, but to ignore whats happening is even moe dangerous. BTC is completely unregulated, now futures are about to hit.
im beginning to wonder if BTC is not like the Tulip Mania, but rather something even more dangerous; perhaps something that hasnt even been given a name yet.
An apple costing .50 cents is fine. An apple costing $4 is worrisome. An apple costing $40,000, for no reason, will make farmers believe apples are 'special' and 'must be owned'...
..until everyone wakes up one day and realizes their precious priceless apples are... only... apples.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
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