BITCOIN DIARY: It's a wild ride and I'm looking for a tame pony
'The problem with playing in this market is that it is hard to make out what the fundamentals are, other than novelty and scarcity'
* Lance Boyle is a pseudonym. Get over it. Before you do anything, watch this video. Or, if you know it all, move on to the next paragraph. When we last spoke, I had been playing around with a demo account. I found out pretty quickly that trading cryptocurrencies such as Bitcoin and Ethereum by CFD was not for amateurs like me. My demo account looks like this at the moment: Which is disaster, considering I started out with R2.5m just over a week ago. And this is after clawing back some losses. So I know CFDs are not for me. But what about buying and selling the cryptocurrencies themselves? I have dipped the very ends of my toes in and I am happy to report that I have neither lost nor gained anything. In a market that I barely understand, I count that as a win. The problem with playing in this market is that it is hard to make out what the fundamentals are other than novelty and scarcity. There is utility, but who knows how where and why people are spending it. There are no Federal R...
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