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Yes E, We agree... the blockchain technology is great and just like Netscape built the internet browser, MSFT took the product and Netscape was toast. B2B Commerce one was used by the global automobile consortium, they took they technology and Commerce One shareholders got nothing... there are 1000 examples. Plus the 21 million limit will prove to be Incorrect. Heck with all these forks.... there will be an infinite number of bit currency products.
But Bubbles are bubbles... they expand to untold heights and then the music stops.
Charles Prince the CEO of Citibank knew that there was a bubble in 2007 - 2008; however he said they would remain as participants until the music stops. Anyone smart enough to program Bitcoin, is smart enough to enable 21 million to become 100 million or 1 billion. Einstein could not do a mathematical proof on the grand unified theory of Relativity and we are on to Quantum Mechanic's. Super String theory in physics, and we have the Singularity coming which is a melding of Human intelligence, machine intelligence , artificial intelligence, Consensus reality, and the nature of what reality and the universe are all about...... Those who have the grand design of it all are millions of miles ahead of us. the Intelligent design of the Universe.... shows the power of the creator.
This has been studied by mankind for we don't know how many 10,000's of thousands of years..... what year was Atlantis..... What were the Egyptians up to with the laws of vibration and gravity.
Gravity is one of the complex and not fully understood physical aspects of nature. Is Gravity cummulative and additive...and continuously building up on Earth and in the Universe...
the Saudi Prince sees an Enron demise for Bitcoin.... and Elroy, the fact that no global government wants to regulate it means "a maiore ad minus" "what holds for all X also holds for one particular X - argumentum a fortiori.
The world Bank, IMF of the Central Banks would come in with regulations if if were not going to all collapse in like a castle made of sand washing into the sea.
The Hot Speculative money in Bitcoin and the cryptocurrencies will pull down valuations of all risk assets.
The mania in cryptocurrencies.... 1165 of them is driving a significant portion of the Semiconductor sales.
very interesting video..
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Saudi Billionaire Alwaleed Sees Enron-Like Demise for Bitcoin By Nour Al Ali and Shaji Mathew October 23, 2017, 9:16 AM EDT
Saudi billionaire Prince Alwaleed is joining the long line of skeptics saying bitcoin is a bubble as the digital currency continues to set record highs.
“I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making," Alwaleed told CNBC in an interview. "It just doesn’t make sense. This thing is not regulated, it’s not under control, it’s not under the supervision" of any central bank, he said.
The prince, who has a knack for early-stage investing in technology companies like Twitter and AOL, joins the likes of JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon in lambasting the cryptocurrency.
Dimon called bitcoin a “fraud” and said he would fire any employee trading it for being “stupid.”
Sep 11, 2017 - Nvidia's stock is up nearly 180 percent in the past 12 months through ... Cryptocurrency miners use graphics cards from AMD and Nvidia to ... You visited this page on 10/23/17.
Sep 3, 2017 - Nvidia and AMD graphics card sales are surging thanks to Bitcoin, but ... Graphics cards(also known as GPUs) were once used to 'mine' Bitcoin, ... that a sizable proportion of AMD's revenue is also now coming from miners.
Jun 30, 2017 - If you're looking to jump into the mining game, with a little bit of ... new cryptocurrencycurrently on pace to intersect and even outpace Bitcoin's market cap valuation. ... so much so that there's been a run on both NVIDIA and AMD GPUs, ... on the Dagger Hashimoto algorithm that Ethereum (or ETH) uses.
Jun 27, 2017 - Cryptocurrency miners use graphics cards from both companies to ... Nvidia shares rallied 236 percent through Monday in the previous 12 ...
Sep 12, 2017 - Nvidia has seen its stock jump almost 180 percent over the last year, ... advantage ofcryptocurrency mining by developing and selling GPU ...
Sep 1, 2017 - Nvidia posted a record $2.23 billion in revenues for the quarter ... graphics cards used bycryptocurrency miners – were up 31 percent from the ...
Jul 10, 2017 - The rush to obtain GPUs for Bitcoin mining died out and its effect on hardware ... of which were more friendly to the NVIDIA architecture in regards to hash rates. ... with mining software and the GDDR5X memory the cards use.
Aug 1, 2017 - How Cryptocurrency Mining Works Explains Why AMD and Nvidia's Sales to Miners Might Soon Fall ... the processing power needed keeps growing as more transactions ... Mining-related sales of graphics cards running AMD's mid-range ... a percentage basis) from a given amount of mining-related sales.
Aug 28, 2017 - Selling video cards (Graphics Processing Units) is Nvidia's lifeblood. Next to gaming,cryptocurrency mining is now a robust tailwind for GPU ...
-------------------------- my post on the 5 year weekly Nasdaq 100 from Oct 9th and
This is the NDX 5 year weekly chart updated to the close today 10/23/2017
APPL -- Market cap of 846 Billion and sales are falling apart.... the Iphone X not widely available for Xmas AMZN -- Market cap of 464 Billion and PE ratio of 245.75 -- selling 20X book value - eventual antitrust FB -- Market cap of 472 Billion Price to sales of 15 -- slowing growth -- looking to charge news providers googl -- Market cap of 676 Billion -- Float of issues 600 million -- Shares sold short 3 million.. no shorts NFLX -- Market cap of 83 Billion -- Trailing PE 234 forward PE of 85.5 Since we have several Trillion dollars invested in passive index funds and we have not experienced a very substantial correction since early 2016, and not had a bear market for almost a decade, we have a generation of investors who are content to just ride the market higher.... and when the mass psychology shifts to sell, there will be some carnage.
New hedging techniques such as Beta Neutral funds have not been tested by a bear market and may well exacerbate it, in a similar fashion to portfolio insurance widely used by many firms in 1987 by selling short stock index futures to hedge against the declines in stock prices.
