Bitcoin speculators are the new day traders
From CNBC
Bitcoin has more than doubled in value this year, and other digital currencies have also soared.Read more: http://www.cnbc.com/2017/06/23/bitcoin-speculation-markets-trading.htmlWhile U.S. stocks churn near record highs, some analysts worry markets may be too ambivalent about speculation in other assets.
Bitcoin wealth is also concentrated in the hands of a few, data show.
JAPAN BITCOIN
Yuriko Nakao | Bloomberg | Getty Images
To some market analysts, quiet, expensive stock markets are being overlooked by worrisome speculative activity in products such as bitcoin.The price of the digital currency has surged since the end of last year, topping $3,000 earlier this month from $968 at the end of December, according to CoinDesk. Bitcoin traded around $2,750 on Friday.
A rival has soared even more. Ethereum, also known as ether, leaped more than 4,000 percent from around $7 last December to above $300 this month. The overall market value for cryptocurrencies has risen from below $20 billion at the start of this year to above $110 billion, according to CoinMarketCap.
As the stock market becomes increasingly expensive for ordinary investors — Apple and Facebook shares cost around $150 each — trading has heated up in bitcoin and other digital currencies. Bitcoin can be bought in fractions as low as one hundredth of a millionth, or about less than one-tenth of a cent at current prices. That makes it an easy target for speculation.
During the dot-com euphoria of the late 1990s, ordinary investors piled into shares of young, unproven technology companies and the day-trading taxi driver symbolized the era. But this time ordinary investors are going elsewhere, says Ian Winer, head of equities at Wedbush.
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I just said to my buddy tonight - crypto markets are like trading stocks in 1999 right now!
LOL are you trying to say the bubble is going to burst next year?
Nope, that it's the wild wild west and ANYONE can make money trading right now. Gotta get while the getting is good! :-)
Thanks, i wonder when the equity trader and option trader will join the party because obviously the crytocurrency trading place still full of people who just started trading and the volatility is so high that they could find opporunity easily.
Happy trading :)
you got your penny stock coins. Your rumor spikes and falls. It has all the elements haha! And now we have EOS coming.. The 'operating system' blockchain.. Do you think it will live up to the title. Be the apple or microsoft of blockchains?
gracias por la informacion excelente su post
Honestly i tried talking to my parent about me investing my money and they thought i was stupid, They though I walked into a scheme. They still don't understand. It takes someone a long time to take a step toward crypto currency, I took 3 years of hard looking im currently 17 and invested my first 50 dollars
Im being safe and holding. I see the potential of bitcoin and wont risk my earnings for a quick profit.
You can trade and make more bitcoin though! If you were trading in the last couple months it was damn near impossible not to make money as someone else above pointed out.
Apparently poloniex has like 600% gain of new users in the 1st quarter of this year so there tickets are backed up hench why they removed the troll box and got the moderators to help with the tickets. Warning to any new poloniex users .. it's will probably take you ages to verify your account for any withdrawal so beware!!
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