Monday, December 11, 2017

#bitcoin basically a huge bubble with value being attributable to it by the 'greater fool' next in line to take the other side.

#Bitcoin in my opinion is like monopoly money. It's value is arbitarily determined according to the participants who own it, ie their 'perception' that it holds value. Nothing more than a bunch of 0s and 1s of computer code. No physical substance like Gold, which at least will glitter and look good as jewellery, or have useful purpose as false teeth base.

So basically #Bitcoin and other cryptocurrency will have value 'if one owns it". If "one does not own any" then it is like fake monopoly money, or like the Chinese 'Hell bank notes" No  function or substance except for hype....


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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil


From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system