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arcane1

(38,613 posts)

3. How does one make money by trading it?

Reply to TampaAnimusVortex (Original post)

Wed Mar 25, 2015, 04:18 PM

Mar 2015

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The biggest U.S. stock exchange operators are taking steps to embrace bitcoin... [View all] TampaAnimusVortex Mar 2015 OP

It's how I get my heroin! zappaman Mar 2015 #1

Would be stupid not to Egnever Mar 2015 #2

The wild swings should settle out eventually. TampaAnimusVortex Mar 2015 #10

Maybe Egnever Mar 2015 #11

It does have a ways to do for sure... TampaAnimusVortex Mar 2015 #16

How does one make money by trading it? arcane1 Mar 2015 #3

Buy low and sell high TampaAnimusVortex Mar 2015 #5

Like a currency exchange? I buy it in dollars and cash out later? arcane1 Mar 2015 #12

Pretty much TampaAnimusVortex Mar 2015 #13

I other words, it's just like REAL money except... randome Mar 2015 #22

It's not controlled by anyone... TampaAnimusVortex Mar 2015 #23

Message auto-removed Name removed Mar 2021 #62

Buy low, sell high. There's also what's known by the fancy term, arbitrage - closeupready Mar 2015 #6

Somehow this bunch embracing bitcoin still doesn't make me feel more secure about it. Gidney N Cloyd Mar 2015 #4

"This bunch" ultimately means 401ks and you. TampaAnimusVortex Mar 2015 #7

Just like with mortgage backed securities. We know. nt stevenleser Mar 2015 #9

Well, there's use and misuse for sure. TampaAnimusVortex Mar 2015 #14

Out of curiosity...... A HERETIC I AM Mar 2015 #15

I'm in NYC, so the number of folks I know who have mortgages is low. Most rent. stevenleser Mar 2015 #17

Then my followup is this; A HERETIC I AM Mar 2015 #19

Really? You're asking me that? nt stevenleser Mar 2015 #20

Yes I am, as someone who understands exactly what one is.... A HERETIC I AM Mar 2015 #21

A thoughtful post! TampaAnimusVortex Mar 2015 #29

That is very kind of you to say, but FWIW, a Mortgage Backed Security is not a "derivative" A HERETIC I AM Mar 2015 #30

Sounds like good investment advice! TampaAnimusVortex Mar 2015 #35

An enormous amount of money already is digital. A HERETIC I AM Mar 2015 #38

I think you meant 'end up HOLDING a piece.' Gidney N Cloyd Mar 2015 #18

You beat me to it. Over the last 40 years the investment banking industry has engaged in stevenleser Mar 2015 #8

It's madness Yorktown Mar 2015 #24

Did you read your own article? They are selling software to bitcoin exchanges. FSogol Mar 2015 #25

What part of my post was in error? TampaAnimusVortex Mar 2015 #27

yawn, another op on ponzi scheme. PowerToThePeople Mar 2015 #26

You really have no clue do you? TampaAnimusVortex Mar 2015 #28

yawn PowerToThePeople Mar 2015 #31

For your edification; A HERETIC I AM Mar 2015 #32

it certainly can be PowerToThePeople Mar 2015 #33

So now you are against people owning houses... TampaAnimusVortex Mar 2015 #34

most normal people PowerToThePeople Mar 2015 #43

And who exactly is the swindler here? TampaAnimusVortex Mar 2015 #44

so you pay taxes on your bitcoin income, correct? CreekDog Mar 2015 #45

The investor class sees beneficial opportunity in bitcoin. NCTraveler Mar 2015 #36

Then you dont understand the underlying technology. TampaAnimusVortex Mar 2015 #37

The article I am replying to backs up my claim. NCTraveler Mar 2015 #39

The investor class? TampaAnimusVortex Mar 2015 #40

You know what I mean when I say investor class. NCTraveler Mar 2015 #41

are you selling or in some way marketing bitcoins here? CreekDog Mar 2015 #46

another day, another bitcoin post CreekDog Mar 2015 #42

Because the traders recognizes a hustle when they see one? Blue_Tires Mar 2015 #47

Exactly what is the hustle and who is the mastermind? TampaAnimusVortex Mar 2015 #49

The mastermind? Not sure... Blue_Tires Mar 2015 #50

In one of the larger ones (Mnt Gox) - it was determine it was an inside job. TampaAnimusVortex Mar 2015 #51

So what protection do I have if some "insider" steals it all? Blue_Tires Mar 2015 #53

Security is one thing that has been improving in the Bitcoin realm. TampaAnimusVortex Mar 2015 #55

are you selling or marketing bitcoins or trades in bitcoins? CreekDog Mar 2015 #56

Not really. TampaAnimusVortex Mar 2015 #57

you seemed to get super quiet right after I asked you if you were selling bitcoins here CreekDog Mar 2015 #59

I responded to your post TampaAnimusVortex Apr 2015 #60

and after this post on bitcoins, you didn't post for a week CreekDog Apr 2015 #61

I'm not a currency trader or anything, but the value in bitcoins for most end-users is closeupready Mar 2015 #48

If you were from a country with capital controls, and wanted to get your wealth out... TampaAnimusVortex Mar 2015 #54

Wall Street's been selling fairy-dust 'securities' for decades customerserviceguy Mar 2015 #52

do they accept bitcoin as payment? uncle ray Mar 2015 #58