Posted on 10/07/2016 10:21:52 PM PDT by aquila48
The bitcoin price hasn’t moved since our last price piece, and $611 remains as the mark where bitcoin makes its present home. However, despite the sideways movement, billionaire Bill Gross seems optimistic.
Things haven’t gone great so far. We’re not down on the markets or anything – we’re a little bit up on our Monday balance – but things have been incredibly dull. When we get action like this, all we can do is sit and wait, maybe dabble with an attempt at a fundamental bias for a bit of variety. The thing is, you only really realize it when you pull out of the intraday charts a little, but despite everything that’s going on as part of the underlying framework in the bitcoin space, its flagship – price – is not really up to much. Take a look at the dailies, and you’ll see no action of note before the beginning of September.”
Bill Gross: Bitcoin Beats ‘Casino’ Banks
For lack of better terms, the bitcoin market has become a bit stagnant, but all that may be on the verge of changing. Billionaire Bill Gross acknowledges bitcoin as a possible way for investors to avoid the volatility and low-interest rates witnessed through central banks. Bitcoin has developed a reputation as “less risky” by those directly involved in financial markets, and Gross describes central banks’ operations as similar to those of a casino. They claim their methods are necessary for economic stability, but in the end, multiple assets run the risk of leaking down to the masses, resulting in lost wealth and mismanaged funds.
(Excerpt) Read more at bitcoinist.net ...
Some of everything!! The more the merrier!!!
Silver, gold and bitcoin. I’ve been delaying bitcoin.
This is a serious question.
How do your heirs get their bitcoin inheritance when you die?
Good question. I pulled this up with a quick search. Could you see your "millions" just evaporating? Lots to learn about bitcoin.
http://bitcoin.stackexchange.com/questions/3359/what-happens-to-my-bitcoins-when-i-die
Create new wallets, leave them empty and leave the passcodes to your executor. When you’re gone have the funds split however you like between the wallets (say 2 kids = 2 wallets with 50% of total BC each) and each child given their own passcode.
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