Bitcoin tickling $19,000 today, as Facebook Messenger chief joins Coinbase board

creekdalton

At well over $500 billion, the cryptocurrency market has now exceeded the value of Facebook, and it seems they are not planning on getting left behind. I became a believer in the last couple of weeks, when I was lucky to get in on Litecoin, before it tripled, and secured my original investment quickly. I've always been cautious, with any investments, but I think I'll keep my Coinbase account rolling for now It helps my peace-of-mind considerably, that Coinbase only keeps about 2% of customer funds in the online platform, with the rest is kept in secure, offline vaults, and is insured by Lloyd's and FDIC. I will never be comfortable putting my money in any of the foreign crypto exchanges. Will be interesting, to stick around and see what happens, if/when Coinbase adds to the BTC, ETH and LTC line-up, gets bought, and/or eventually goes public.
https://www.inverse.com/article/39450-is-bitcoin-in-facebook-s-future-messenger-chief-joins-coinbase-board

TwoSides2aCoin

Keep them occupied away from my field.

ricko

I have been following this electronic currency phenomena for some time.... and have learned a lot... to the point that I now consider it to be an electronic ponzi scheme.....oh well, I have been wrong before. Cheers, RickO

BAJJERFAN

Considering its limitations/vulnerabilty why would you even want to own it, much less at $19K+?

Pokermandude

I became a believer in the last couple of weeks, when I was lucky to get in on Litecoin, before it tripled, and secured my original investment quickly

Virtually all new "investors" in crypto currencies that I have talked to have the same strategy. Buy some, cashout their original dollar value investment, sell the rest later.

At some point, there won't be enough money from new "investors" to keep the hype going, and the value will plummet.

NVU

Don’t forget to use hard storage devices to diversify your holdings in crypto currencies.

dpoole

"At some point, there won't be enough money from new "investors" to keep the hype going, and the value will plummet."

Yes, but we're a LONG way from that. There's SO much capital excess looking for a place--any place--to land for a gain. That doesn't mean it won't all go pop, but it won't be because the world's run out of idle cash.

asheland

One year later, it certainly fell off a cliff!

MsMorrisine

@dpoole said:
"At some point, there won't be enough money from new "investors" to keep the hype going, and the value will plummet."

Yes, but we're a LONG way from that. There's SO much capital excess looking for a place--any place--to land for a gain. That doesn't mean it won't all go pop, but it won't be because the world's run out of idle cash.

ouch

Timbuk3

Wow, it's under $3,500 today. Some people really took a beating !!!