tag:blogger.com,1999:blog-1868364813347908197.post1074876684755063758..comments2023-07-03T04:47:41.375-04:00Comments on Alchemy Financial: My Analysis on BitcoinJonathan M. Mergotthttp://www.blogger.com/profile/07073985087907462882noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1868364813347908197.post-11570343520332720472014-03-24T15:20:22.281-04:002014-03-24T15:20:22.281-04:00From your previous post I'm watching GDXJ. It...From your previous post I'm watching GDXJ. It hit $37.50 today. I'll probably but at $35. JayJayPJhttps://www.blogger.com/profile/13423040719062921103noreply@blogger.comtag:blogger.com,1999:blog-1868364813347908197.post-55446452364537711542014-03-24T12:48:26.674-04:002014-03-24T12:48:26.674-04:00Hi Jay. The most interesting thing about bitcoin ...Hi Jay. The most interesting thing about bitcoin has been the speed in which this move has occured. The psychology behind how a bubble works, as depicted in the chart I posted, happened in the case of bitcoin in a little over 1year, where as comparatively the same style move in the NASDAQ took nearly a decade. This just goes to show you the effects technology advancements have had on how we invest. And when I say that I don't just mean the speed of executions and the high frequency trading systems, although they have had a significant impact, but how we learn about New things. Thanks to things like Facebook and Twitter and everyone having the ability to Google anything from them cell phones, people who would have never known what bitcoin is have been able to learn about it and invest in it. The result of the speed of this has been the the wall st hacks who need to be able to trade everything, have not had time to develop a bitcoin ETF. (Or an inverse ETF, it a triple exposure ETF etc...) So as far as I know there is no way to short it that i know about. But im sure they're already working on one. At the end of the day, shorting bitcoin will probably be a profitable trade, but there are better opportunities out there.Jonathan M. Mergotthttps://www.blogger.com/profile/07073985087907462882noreply@blogger.comtag:blogger.com,1999:blog-1868364813347908197.post-29235330378983756642014-03-23T19:32:44.515-04:002014-03-23T19:32:44.515-04:00I thought bitcoin was a joke when I first heard of...I thought bitcoin was a joke when I first heard of it. Then I heard people were making money. Then they all lost their money (no surprise). Bitcoin was at about $100 before it went up to the sky. I agree it should drop back to about $100 as well. Is there a way to do a short play on the this? JayJayPJhttps://www.blogger.com/profile/13423040719062921103noreply@blogger.com