Bitcoin going to a million before long

Bitcoin does not operate like a stock in a bubble that has factors to prove it is overvalued. The value is related to how many people want it and the lack of availability. I'm no expert, but I wouldn't short it.

I have no interest bitcoin itself,I'll leave that to the forex guys,or whomever. Only the peripheral stocks associated with it. And swing trading only.

Wonder if any sold their high dollar emus or beanie baby’s before the markets crashed😀

I would suggest being careful with the Feds. The Feds will defend the US Dollar no matter what.

The Fed's defense of the Dollar, at your worst moment, will be taxation. If for instance Amazon starts accepting BC, every single purchase will be a "taxable event."

If you bought BC when it was in it's infancy for a few hundred bucks, and bought a new truck truck today for $40,000, you are on the hook for tax on the difference.

Bitcoin accounting is a nightmare at best.

Fedcoin is soon to be released

Pass

You wont get to pass on Fedcoin. That will be the new currency.

Gonna be funny when they say you cant buy that bottle of whisky as you are past your quota.

Are you good with the feds limiting access to your Fedcoin account because your social credit score was dinged for jaywalking? It only happens if we let it.

I have done really well with bitcoin and other block chain currencies. Friend of mine's BIL works for the federal government and they are in subcommittees looking at this stuff. The fed wants to back it and allow it as currency. They do not want to replace our currency now but they want it to supplement what we have. My only regret was not having the nads to invest more. If I had I could have retired, and I mean that.

"Friend of mine's BIL works for the federal government"

Coach, I'm not disputing your statement, just throwing out this new term thrown around lately, "Optics." The optics of that statement are funny.

I'll mention again, Do a search on taxation of cryptos. I think a lot of people are setting themselves up for a not so fun time with the IRS. The IRS will want their share of the profits. The tax information on the subject is out there and is plain as day.

Leverage............kabooooom.

fedcoin.....its coming. I'm not making the word up.

I think your confused on the federal reserve.

Yes, you pay taxes on it, I've had to file all profits on it. Just like anything else.

I'm still mining Pi using my phone. They are beta testing a wallet (right now your phone is your wallet). And are starting the mining from desktops also.

They are still phase 1 but the more I read and the more work they put into this, the more I think it has a long term chance. Forgot how many millions of people have joined but it's a lot. I have my possible big payout theories in my head 5-10 years down the road. For free I'll give it a shot.

But companies like Riot is not bitcoin, it's a mining facility traded on the NASDAQ and shorting it would not have been a bad play at all. In Feb it hit a high of 79.50. Today's low so far is 32.62. All three have been falling off those highs in a steep downward trend. Last year these were just a penny stocks. They potentially have a long way to fall still.

Frankie needs to stick with the weather...

Over night BITCOIN falls below $40,000............

Time to buy the dip!

China says NO to crypto.......

BITCOIN closing in on $30k.

Do a search for "IRS crackdown on crypto currencies." There are plenty of articles.

If you as much as make a purchase with Bitcoin you have a taxable event. It is really no different that a stock trade.

I thought I read where China was going to introduce their own?

I'll stick with real estate, Gold, silver and ammo.