I had a discussion about Bitcoins the other day, while at a Derby party. One of the lads there was a ‘miner’, not in the traditional sense — but for bitcoins. Even an old man there thought bitcoins were heading higher — due to its transfer value.
I tried to convince the others that it was a ‘fucking scam’ and that it was nothing more than ‘horseshit’ designed to obscure chinese money laundering. I further illuminated the fact that bitcoin ATMs in ‘horrible denizens of perfidy’ in Brooklyn could only signal that the ‘end was near’ and that very soon ‘the four horsemen of certain death’ would visit them.
Boy was I wrong.
Bitcoins have broken out above $1,700, now higher by yet another 5.5%. Fucking lunacy.
In other news, I am developing some quant based models for Exodus and will soon have something to unveil. I’ll be traveling today — so bloggeries might be scarce.
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Tulips anybody?
Lol check-out GBTC. It has doubled since you called it out for trading above NAV back at 116.
I like the idea of an Exodus-based quant system. Good old fashioned stock-picking is dead in this environment. You need something more to survive as a fund manager these days.
10k or bust. We will have major corrections along the way. GBTC is my pick on the iBC stock contest.
http://ibankcoin.com/en1gma/2017/04/29/bitcoin-we-havent-seen-anything-yet/
Bitcoin could go to zero but more likely it will go 10-100x.
GBTC is not the same as owning a Bitcoin. Buy GBTC only if you are unable to buy bitcoins.
Did you enjoy your Derby festivities?
-a concerned Louisvillian