Bitcoin/Ethereum/cryptocurrencies

Discussion in 'UPS Retirement Topics' started by 35years, Aug 16, 2017.

  1. 35years

    35years Well-Known Member

    Anyone gambling?

    These alternative currencies are gaining serious traction, and have made their investors very rich. Swiss Bank and a growing number of international corporations are accepting the new currencies (now over 260,000 merchants accepting Bitcoin in Japan alone). Microsoft, Dell, Subway etc etc


    Litecoin, for example, has gone up 10 fold in 5 months.

    Ripple soared 50 fold in 3 months before settling down to a 25 fold increase.

    Litecoin (LTC) price, charts, market cap, and other metrics | CoinMarketCap

    There is now serious discussion about the possibility of cryptos completely replacing cash. The dollar, and gold may soon be replaced.

    A wise investor should have at least a little exposure in their portfolio, or they may miss the investment opportunity of a lifetime.
     
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    Last edited: Aug 16, 2017
  2. 35years

    35years Well-Known Member

    Last edited: Aug 16, 2017
  3. 35years

    35years Well-Known Member

    Here is an article by Rimas Kapeskas...

    Does Global Trade Need A Global Currency?

    Rimas Kapeskas is the Managing Director of the UPS Strategic Enterprise Fund, a corporate venture capital group that focuses on developing critical partnerships and acquiring knowledge returns from its investments in information technology companies and emerging market-spaces.

    Reprinted with permission of Longitudes, the UPS blog devoted to the trends shaping the global economy.
     
  4. TearsInRain

    TearsInRain IE boogeyman

    lol
     
  5. 35years

    35years Well-Known Member

    Since I started this thread 3 months ago...
    Bitcoin up 71%
    Litecoin up 39%
    Ripple up 32%

    The newest play...Bitcoin cash, is a major disrupter.
    Since I started this thread 3 months ago...
    UP 432%
    From $299 in August to $1,293 today.
    Has doubled in the last 4 days.

    Bitcoin’s Digital Cousin Is Disrupting Cryptocurrencies
     
  6. bottomups

    bottomups Bad Moon Risen'

    My daughter has been investing in Bitcoin and Ethereum for the past year. Has done quite well.
    Maybe she can start paying for her own cellular bill soon.:rolleyes:
     
  7. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    Happiness is the day that your kids take over their own cell phone bills!
     
  8. bottomups

    bottomups Bad Moon Risen'

    Especially since she will make more than I will this year!
     
  9. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    My son makes more than I do.
     
  10. cosmo1

    cosmo1 Perhaps. Staff Member

    Has he changed jobs yet?
     
  11. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    Had his panel interview on Tuesday-----hopes to be in place before the end of the year.
     
  12. cosmo1

    cosmo1 Perhaps. Staff Member

    Out of the defense industry?
     
  13. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    Yuppers.

    Pharmaceutical.

    I don't want to name the company until it is official but it is much closer to home.
     
  14. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    This tells you how often I look at this section. Was just planning on opening up something about this.


    I'm looking to ride the wave thru 2018 at least. Most analysts expect Ethereum to pass bitcoin in market cap in 2018. So I'm looking for at least a 10x return on it next year.
     
  15. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    You laughing at people making millions in months?
     
  16. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    @FrigidFTSup couple bit coins could of payed off those school loans by now.
     
  17. FrigidFTSup

    FrigidFTSup Resident Suit

    It’s so volatile I’m not sure it’s worth it
     
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  18. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    It's volatile on a day to day basis but really the overall trend isn't that volatile.


    Do you know anything about the block chain technology or bitcoin vs Ethereum and how the tech differs?


    If not seriously at least do some research into it. Something like less than .1% of people use this. The room for growth is massive.


    Bit coin could easily hit 100k in the next 5 years and that's not even bullish.
     
  19. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    My brother has a coworker who paid his way thru college playing online poker. He had about 10,000 bitcoins when he graduated then paid off all of his debt.


    It'd be worth about 80 million now. Lol
     
  20. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    CME is listing futures for bitcoin soon. Heard a guy suggest it could be the next derivative on a bubble to crash the whole market. Expect regulation sooner than later.