Are crypto investors nuts????

Citibank / Other Slurpsurp
Jul 1, 2018 22 Comments

How can you make these kinds of claims and not give a single reason why? No fundamentals, no data, nothing. Sure, we can trust the cofounder of BitMEX. He wouldn’t lie or exaggerate, right?

Nice reporting CNBC.

https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html

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TOP 22 Comments
  • Amazon / Eng n0v
    Or $5. Flip a Bitcoin to find out the answer.
    Jul 1, 2018 1
    • Citibank / Other Slurpsurp
      OP
      Fundamentally, your estimate is just as accurate and a has a much higher probability of happening. CNBC should have you in tomorrow morning 😜
      Jul 1, 2018
  • Uber qpqpqpqpq
    It’s hype. There aren’t fundamentals...yet. But yea man, it’s probably more probably than not. The existing banking system doesn’t justify the fees and transaction speeds. Crypto isn’t going anywhere.
    Jul 1, 2018 13
    • New / Eng Y3S
      One yet to describe the problem blockchain solves. We have too many services people dont need.
      Jul 2, 2018
    • Intuit qLPF37
      The SWIFT alternative use case makes sense. Must be ok with relatively high txn cost and latency with most blockchain schemes
      Jul 2, 2018
    • Citibank / Other Slurpsurp
      OP
      Clearing trades as well. Trade + 3 days will seem archaic one day.
      Jul 2, 2018
    • New / Eng Y3S
      I fail to see how blockchain solves those problems. The solution needs to meet one or more criteria: be cheaper, be faster. And should not compromise on reliability like Bitcoin does.
      Jul 2, 2018
    • Citibank / Other Slurpsurp
      OP
      Cheaper and faster have been proven. Reliability is the major hurdle. We’re still min 10 years out from blockchain becoming widespread. If not blockchain some permutation of blockchain.
      Jul 2, 2018
  • Microsoft zMJv04
    This guy is a dud.. you need to hear other folks who are well versed with Bitcoin and its importance and why it may go higher
    Jul 1, 2018 0
  • Oath
    Ajdjskc

    Oath

    PRE
    Google, Amazon, Uber, Airbnb, Facebook
    Ajdjskcmore
    Coinbase GDAX (BTC-USD) profits are down 98% from when crypto peaked. RIP
    Jul 1, 2018 3
    • Deutsche Bank NyGy
      How do you know ?
      Jul 2, 2018
    • Oath
      stanfordcs

      Oath

      PRE
      Google, Amazon, Uber, Airbnb, Facebook
      stanfordcsmore
      Look at the numbers. GDAX revenue as peak was $3,300,000 per day. Now it’s barely at 70,000$
      Jul 3, 2018
    • Oath
      stanfordcs

      Oath

      PRE
      Google, Amazon, Uber, Airbnb, Facebook
      stanfordcsmore
      For BTC-USD trading pair
      Jul 3, 2018
  • GPS Insight / Eng
    Phosky

    GPS Insight Eng

    PRE
    GoDaddy, Symantec, HP Inc
    Phoskymore
    $50K slow your roll, turbo. Man, I'm still trying to get used to finally breaking out of the $2-6 level that we were in for what seemed like forever.
    Jul 23, 2018 0