Bitcoin Bubble


#2469

As a reciprocal, I’ll share a duplex listing in CCC :joy:


#2470

“Foster said she is familiar with the property and met the buyer. She described him as a local man who created at least some of his wealth through dealing in cryptocurrency.”

“Lots of young billionaires in the Seattle market are looking to acquire real estate,” she said.


#2471

Don’t like this idea but its out there


"The City of Berkeley, one of the epicenters of liberal California, is considering a turn to cryptocurrency to reduce its reliance on federal funding in the Trump administration."

Without oversight crypto seems too unstable to be taken as anything more than a gamble.


#2472

how is federal funding & bitcoin related?

Are they putting money into bitcoin as their investment vehicle? sounds dumb.

I admit, did not read the article.


#2473

I’m probably the last person to ask but it says the city is looking at issuing a coin (ico) in place of traditional bonds for public financing. (This came up in response to a Trump tweet where pulling federal funding somehow was suggested.)


#2474

issuing bonds, so something like muni? Why does this need to be on blockchain? They can already do that today, no?


#2475

Because people buying ICO’s don’t expect to be repaid, ever. Free money, why not?


#2476

i guess that’s true :slight_smile:


#2477

It’s between 8 and 9 now. How long can a dead cat hoover? Is it already time to cancel my order at $5500?


#2478

Seems like the dead cat has grown a pair of wings… Yes, you can cancel that $5500 order. :wink:


#2479

but ZCL and hold.


#2480

Buy before 2/28 before it’s too late :wink:


#2481

Reason?


#2482

2/28 is the snapshot date. They are forking it and creating Bitcoin Private.


#2483

2018 2 28. There ain’t no more auspicious date. BUY!!!


#2484

Binance founder CZ Zhao. The world’s fastest billionaire.


#2485

Maybe I’m thinking about cryptos the same way people were thinking about dot coms back in the 90s. Is it really going to change the world the way internet did?


#2486

You’re still thinking about it in the context of currency, which I think will have a place, but I think it’s really the DApps that are going to be game changing. Crypto 3.0 era.


#2487

When FED is increasing rate, all FAT money will be gone. IMO, all hypes will fade away in a year or two. Speculative assets like cryptos will be history after 2 years.


#2488

One question, 2 polar opposite answers… :laughing: