Yes, I'm a Millionaire
No, I'm Not a Millionaire
Let Jamie Dimon put his money where his mouth is or shut up.
Cboe chief on Jamie Dimon: He's welcome to try shorting bitcoin
- Cboe Global Markets is opening the first futures trading for bitcoin, starting Sunday.
- JPMorgan Chase CEO Jamie Dimon has called bitcoin a "fraud" and threatened to fire anyone trading the cryptocurrency.
- Cboe CEO Ed Tilly said Dimon or anyone else wanting to bet against bitcoin now will have the opportunity.
- https://www.cnbc.com/2017/12/05/cboe...g-bitcoin.html
My opinion is that the if you short you will get creamed. This is a different animal then shorting a stock. The people holding BTC are not selling. There are only 16,700,000 BTC. People holding BTC are different then people trading stocks. The original investors have said that they put a 1 Trillion market value on BTC. They will keep driving the price up. With the price at $16,900 X 16,700,000 BTC puts a market value of $282,230,000. So we still have a way to run. Using this logic I see the price being driven to at least $60,000 within the year 2018. Just my take. Either way I am happy no matter what happens.
Here is one reason why you should think about buying LTC. Make it you AP play of the year for 2018.
Forget bitcoin, its fourth-biggest rival is up nearly 5,800 percent this year
- Litecoin hit a record high price of $255.42 on Tuesday and is up nearly 5,800 percent year-to-date
- The fourth-largest cryptocurrency differ to bitcoin in areas such as a faster transaction time
- Rising interest in cryptocurrencies and diversification away from bitcoin are behind litecoin's rise
https://www.cnbc.com/2017/12/12/lite...this-year.html
Here is a opposite view of why not to buy LTC.
Novogratz says he would sell litecoin after its massive surge, sees bitcoin hitting $40k within a few months
- Michael Novogratz, formerly a macro hedge fund manager at Fortress Investment Group, says on CNBC's "Fast Money" he would sell litecoin in favor of bitcoin.
- Novogratz is now CEO of Galaxy Investment Partners and he says the firm is launching its cryptocurrency fund by the end of this week.
- Institutional investors are "absolutely not" invested in cryptocurrencies yet, but they are watching them carefully, Novogratz also says.
https://www.cnbc.com/2017/12/12/novo...ive-surge.html
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