Sooohh ya'll gonna get some shares of that Bitcoin IPO ? :sas:

[heisenburrr]

http://dealbook.nytimes.com/2014/05/08/winklevoss-twins-to-list-bitcoin-fund-on-nasdaq/

Despite cautions and hesitations among regulators about investing in virtual currency, the Winklevoss twins are inching closer to creating the first publicly traded Bitcoin fund.

On Thursday, Cameron and Tyler Winklevoss, the brothers most widely known for their legal battles with Facebook’s co-founder, Mark Zuckerberg, disclosed in a regulatory filing that they had chosen to list their Bitcoin exchange-traded fund, the Winklevoss Bitcoin Trust, on the Nasdaq stock exchange.

 

[DEAD7]

You already know.

 

[Cabbage Patch]

Hell no. That's as lame as that new Chinese IPO that's supposed to be breaking records this week for a Facebook clone. They're trying to get suckers in.

 

[L&HH]

Hell no. That's as lame as that new Chinese IPO that's supposed to be breaking records this week for a Facebook clone. They're trying to get suckers in.

there's a fb clone for china? what's it called?

 

[Cabbage Patch]

there's a fb clone for china? what's it called?

This crap: China's Alibaba Poised To Be World's Biggest IPO - Forbes

... Although China’s social media firm RenRen was not as large, around $740 million, the financial press and talking heads on CNBC saw this as a sign that China was going to take over social media. To some extent, it did, with SINA’s Weibo microblogging site now having more users than Twitter. The bad news for RenRen investors is that the stock is now 80.2% lower than it was when it listed on May 4, 2011.

Alibaba is more Amazon than Facebook.... The parent company and its bankers are reportedly moving to throw their own shares behind the latest offering in New York, pushing the IPO’s projected value well past the $20 billion mark, China Dailyreported on Thursday.If that happens, it will be bigger than Facebook’s $16 billion listing in 2012 and bigger than the 2010 IPO of state-run Agricultural Bank of China, which brought in $22.1 billion. Visa’s $19.7 billion offering in 2010 is the largest IPO ever held in the US, according to IPO tracking site Dealogic.

Alibaba would eventually like to grow beyond China and take on rivals like Tencent, the social messaging and video game company.

And I was wrong. It's not a facebook clone, it's an Amazon wannabe. The chinese facebook clone is .. well, apparently, there are several of them, but the Big One is China’s “Facebook Clone” Renren To IPO, Likely The First Of an Onslaught of Chinese Internet IPOs — SecondShares (link from 2011).

Anyway, it's Chinese. Over a billion people, and still a bad investment at premium prices. Something about the Chinese only requiring a passing acquaintance with truth in balance sheets and bookkeeping. who knows. Not my world. Any stock savvy coli brehs hip to the international game?

 

[L&HH]

This crap: China's Alibaba Poised To Be World's Biggest IPO - Forbes



And I was wrong. It's not a facebook clone, it's an Amazon wannabe. The chinese facebook clone is .. well, apparently, there are several of them, but the Big One is China’s “Facebook Clone” Renren To IPO, Likely The First Of an Onslaught of Chinese Internet IPOs — SecondShares

Anyway, it's Chinese. Over a billion people, and still a bad investment at premium prices.

Damn it was a poster on here saynig the Ali IPO might be a good investment. Idk about the facebook shyt tho

 

[Donald J Trump]

Nope

 

[heisenburrr]

Hell no. That's as lame as that new Chinese IPO that's supposed to be breaking records this week for a Facebook clone. They're trying to get suckers in.

you don't know what the fukk you talking about

 

[Cabbage Patch]

Damn it was a poster on here saynig the Ali IPO might be a good investment. Idk about the facebook shyt tho

The Best Ways to Buy the Alibaba IPO | InvestorPlace

I don't know. Looks like daytrading 'get in early, get out early' crap to me. Some people thrive on that kind of thing. Me, I think an investment should be an actual investment (long term). But again, not my world. Hope the poster comes back in to give the skinny on what's really going down, and why they believe it's a good investment.

 

[heisenburrr]

The Best Ways to Buy the Alibaba IPO | InvestorPlace

I don't know. Looks like daytrading 'get in early, get out early' crap to me. Some people thrive on that kind of thing. Me, I think an investment should be an actual investment (long term). But again, not my world. Hope the poster comes back in to give the skinny on what's really going down, and why they believe it's a good investment.

this company transacts more $USD than Amazon and Ebay combined every year

 

[Cabbage Patch]

you don't know what the fukk you talking about

No, I don't. I'm not a risk taker. I'm wary of 'hot new things' because they give me ponzi scheme and watching 90s daytraders flashbacks.

As for bitcoin type shyt, There are good reasons to buy bitcoin. Too bad they might be contradictory – Quartz

Today, bitcoin’s high price depends on new speculators buying and holding large chunks of currency; after the Mt. Gox collapse, it’s not clear what will keep driving demand. If bitcoin becomes a widely-used currency, it will still be a store of value—but perhaps at a lower price than today. If bitcoin becomes the foundation of a payments network used mainly by financial institutions, its price may also fall. But if it remains a commodity held by just a few large investors, will it be useful as a payments system or a currency? Kinitsky says that his investors are approaching these questions like they would any start-up—”could be huge, could be a bust.”

“It is a speculative commodity until the use case gains traction,” Kinitsky says. “By [investing], you’re also contributing to developing the infrastructure that will be its own prophecy of fostering those use cases to take hold.”

Four Reasons You Shouldn't Buy Bitcoins - Forbes

The lack of knowledgeable critics has created an echo chamber effect that I worry may produce (or may have already produced) a bubble. I’m generally a Bitcoin fan (and, full disclosure, I own some Bitcoins), but in the interest of balance, here are four reasons you should think twice before buying Bitcoins...

...Conclusion. With all that said, I think there’s a good chance that Bitcoins will continue to appreciate. I still have the majority of the Bitcoins I bought in early 2012 and I plan to hold onto them for a while to see what happens. But anyone thinking about investing should understand that it’s an extremely risky proposition. There’s a good chance you’ll lose most or all of your money. And with each Bitcoin selling for $120, there isn’t nearly as much potential upside as there was a year ago, when you could snap up a Bitcoin for $5. So please, only invest money you can afford to lose..

Maybe you can explain why the cons mentioned in both articles shouldn't be a problem for the future, if one chooses to invest. It looks like techie masturbation, or an intermediate step before the true revolution; I want to know what its applications are for mom and pop and nana down the road.

 

[Cabbage Patch]

this company transacts more $USD than Amazon and Ebay combined every year

In China, which has a billion people, captive audience. It's local, for locals. Like the also above mentioned Ren Ren.

Who's buying through Alibaba, who isn't Chinese? Does Alibaba truly have what it takes to 'go global', once their numbers are crunched by more discriminating authorities? or rather, even more simply, be the alternative to Amazon and EBay and Steam that I and my neighbors would go through instead of Amazon and EBay and Steam?

or should I not look at it like that, and just invest in what works for them regardless of whether it works for me personally?

 

[heisenburrr]

In China, which has a billion people, captive audience. It's local, for locals. Like the also above mentioned Ren Ren.

Who's buying through Alibaba, who isn't Chinese? Does Alibaba truly have what it takes to 'go global', once their numbers are crunched by more discriminating authorities? or rather, even more simply, be the alternative to Amazon and EBay and Steam that I and my neighbors would go through instead of Amazon and EBay and Steam?

or should I not look at it like that, and just invest in what works for them regardless of whether it works for me personally?

I think things are going to work out pretty good for them.

 

[heisenburrr]

No, I don't. I'm not a risk taker. I'm wary of 'hot new things' because they give me ponzi scheme and watching 90s daytraders flashbacks.

As for bitcoin type shyt, There are good reasons to buy bitcoin. Too bad they might be contradictory – Quartz



Four Reasons You Shouldn't Buy Bitcoins - Forbes




Maybe you can explain why the cons mentioned in both articles shouldn't be a problem for the future, if one chooses to invest. It looks like techie masturbation, or an intermediate step before the true revolution; I want to know what its applications are for mom and pop and nana down the road.

demand problem : as better use cases are developed and made convenient by robust, secure and intuitive infrastructure, the demand for a store of value that is better than everything we have ever used in human history will follow along. Bitcoin is gold 2.0 and is going to redefine everyone's definition of a store of value, currency and commodity. Mt Gox's collapse is already irrelevant and way behind.

the author of the 1st article has a fundamental misunderstanding of the economics of Bitcoin's technology.

If bitcoin becomes a widely-used currency, it will still be a store of value—but perhaps at a lower price than today.

Doesn't understand liquidity of the market.

Regarding the few large holders : Ask yourself is the USD's use as a currency limited by the fact that a small percentage of people own a good majority of it ?

Other than that, the person he interviewed in the article makes reasonable point and appears pretty bullish on bitcoin imo. Another case of the journalist not doing his homeworks.

Author of 2nd article is an idiot... and I am pretty sure he doesn't actually owns Bitcoins

 

[heisenburrr]

Maybe you can explain why the cons mentioned in both articles shouldn't be a problem for the future, if one chooses to invest. It looks like techie masturbation, or an intermediate step before the true revolution; I want to know what its applications are for mom and pop and nana down the road.

Easy

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