The Bitcoin trading phenomenon
One thing you will notice about the Bet Angel forum is that not only do we talk a lot about sports trading and sports markets, but we also talk a lot about general trading and other trading markets.
As you may know I am active in both and push equally hard in all directions to learn more about all markets. I bought my first shares in the heady privatisation days in the mid to late eighties and pursued a well documented path through those markets which led me to my current strategy of long term investing. But trading sports markets short term has taught me how to trade short term in financials, so it’s sort of gone full circle.
Anyhow, one market that has caught our attention (and many others) is the Bitcoin market. It’s ballooned from a neat idea to a huge trading market and it’s more wild that an odds on favourite at an all weather evening meeting!
There is a good thread running on the forum about this market and it’s worth reading and / or getting involved in the debate because you will learn a lot about markets, how they behave and the nature of speculation.
You can visit the thread here: –
https://www.betangel.com/forum/viewtopic.php?f=35&t=7665
I feel old when I say I’ve seen it all before, but in the early part of my career I became fascinated with these sorts of things and now have a collection of material on prior speculative episodes so this has really caught my attention. It also demonstrates that the potential of a price to continue to be stellar, purely on the basis it’s rising. It’s the greater fool theory in it’s full glory.
Anyhow, read, learn and join the debate.
Category: Alternative markets
