The BitCoin Crypto Currency Movement

James Renouf just released a manuscript on crypto currencies. You might wanna hit him up about it.

Bitcoin isn't a good investment anymore, it's too late now to get in on the game. Alt currencies on the other hand, can profit some income.

Yes I have been in bitcoin sinde 2011 and here are my tips.

1. Don't listen to nitwip stock traders/economists/forum commenters, they don't know a thing and base their predictions on the tech bubble 14 years ago
2. Try to get a grasp of the underlying technology and what that might be used for (ie: global remittance markets, international money transfer, global freelance work)
Andreas Antonopoulus might be your man for this if you are interested in objective in-depth info
3. Stay away from daytrading unless you can manipulate exchanges, but that ship has sailed unless you have a few hundred millions, but really there's a great chance you will be eaten unless you have at least observed price movements from its inception in depth
4. By looking from an IM's POV I'm still not sure whether there are money to be made, affiliate programs are non existant or just straight up bad (ie: Coinbase $5 pr refered sign up), and also you will somehow end up competing with Coindesk which has major funding + writers

And all the clever ones telling you it's too late really puts a big smile on my face. I had those same friends telling me that in 2011 after it jumped from $1 to $32 and it seemed they were right- but only for about 6 months- today I really don't feel that bad for buying on peaks on $20.

just my 2 cents

also posting krugman quote from 1995 for reference, that will show the kids without perspective

Hey Adam thanks for that and everyone else I haven't had a chance to thank.
Adam you suggestion led to some other interesting developments in this :

TigerDirect on board, CEO of BitInstant arrested, Antonopoulos joins Blockchain.info

PS everyone Adam is talking about this guy.

And here is another article I found about the Crypto Currency Elite

I am really fascinated with is idea and am monitoring it for future opportunities

And Adam that post is totally OFF LOL

Ruh Roh - Huge Bitcoin Crash

MtGox Statement On Withdrawals - Business Insider

I am day trading on short term trends with altcoins. Doing very well so far.

I started with .06 Bitcoins and now at 0.9. So $42 to $630 in a week spending only about 30 minutes a day. Mind you I researched this for a month before starting.

And Mount Gox is an exchange. Their custom wallet was coded incorrectly. No problems with Bitcoin itself.

I don't know if Krugman actually said that or something similar, but it does sound a lot like the many other things he has said over the years. He seems just clueless about how the real economy works.

Here is something Milton Friedman, Krugman's polar opposite, did say about the Internet, and Bitcoin before it was even invented, in 1999.


Friedman is probably the greatest economic genius of our lifetime. He makes Krugman look like he belongs on the short bus, economically speaking.

Hi Faulkner,

I tend to agree with your assessment on Friedman as a central monetary policy advocate. That was the main difference between Friedrich Hayek and Milton Friedman both who have contributed greatly to the science of economics. Aside from that, there was little disagreement between Hayek and Friedman.

Here's an interview where Hayek levels perhaps his greatest insult to Friedman by calling him out on that contradiction. He actually accuses Friedman of being keynesian in that regard, which Friedman no doubt took as the most vilest of insults.


However, if you study Friedman's writing and interviews you will discover that he is simply being pragmatic because he realizes that monetary policy is in fact centrally controlled and he serves as an advisory to those authorities.

As I pointed out in my first reply, Friedman was actually on record predicting that the Internet would likely spawn a form of e-cash that could lead to the eventual disruption of centralized money. Though to be fair both Friedman and Hayek recognized that government authorities have a monopoly on monetary policy and they are not likely to give up that power willingly.

As you pointed out, Krugman did receive a Nobel prize, which is further evidence that his economic "theories" are based on political agendas (pseudo-science) rather than real world science. A Nobel Prize, who could argue with that? Being awarded a Nobel Prize today is perhaps the most reliable signal that you have supported a political agenda rather than true science. Just saying, even more evidence of just how wrong Krugman has been about almost everything. You have to be politically correct and on board with the leftist's Global Socialist movement to win a Nobel these days.

Here's a video of Hayek explaining why we must take the monopoly of money away from governments if a democracy is to survive:


Enjoy!