Bitcoin Investment TV Channel-How to Invest in Bitcoins

Bitcoinsinvest2014 2013-12-06

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Bitcoin Investment TV Channel- How to Invest in Bitcoins- I will admit to being surprised at how the Bitcoin show keeps on going given that I’ve several times proffered my considered opinion that it’s all going to go belly up. However, if Bitcoin is ultimately successful or not is a rather different question from the point about whether various of the investment opportunities we’re being offered are a good idea or not. Which brings me to two little stories today, one an investment opportunity that looks like it might be pretty bad and one that just doesn’t make any sense at all.Well, yes, we can see how that might work. If you’re launching a new product you will indeed put together as many of the currently fashionable buzzwords as you can and then liberally plaster them all over the description of your new product. And High Frequency Trading (HFT) is certainly all over the news. It has the reputation of being where the true masters of the universe make massive profits at the expense of the rest of us. That it isn’t so, that HFT has reached the point where people aren’t making money, or not much, at it any more hasn’t quite got through to the general public yet. And of course Bitcoin is very trendy indeed. So, yes, HFT in Bitcoin, we can see that that might gain some interest.Unfortunately it’s not really possible to do HFT in Bitcoin. For it takes around 30 minutes to complete a transaction in the currency: or into and or out of it. HFT is all about moving things around in milliseconds and a transaction that takes 1.8 million milliseconds cannot really be called HFT. In fact, you could only, at the very theoretical limit, process 48 Bitcoin transactions (using the same capital that is) in a day rather than hundreds. So I think we’d probably put this Bitcoin investment idea over here on the pile of bad ones. But then there’s ideas that really just don’t make any sense at all, right from the start, as with this idea from SecondMarket for a Bitcoin Investment Trust. Felix Salmon is all over this and here’s his description of the fee structure: This is, I’m afraid, something that doesn’t actually make sense even in theory let alone practice. for the biggest killer in investing is the fees that you get charged for the investment services you require. Buying and or selling stock requires that you pay a fee, running a 401 (k) has fees, http://www.ustream.tv/channel/how-to-invest-in-bitcoins

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