Went to a Bitcoin Meetup last night. Talk about a frenzy! Reminded me of real estate investing in 2005. Started in 2013 with 2 guys. Half the room like me - about 4 months in. [Reply]
My friend created a program to help him automate buying and selling bitcoins and at one point had 77 of them. He then sold them for less than $300. [Reply]
Billionaire investor Michael Novogratz, who forecast a $10,000 price target before the end of 2017, made a follow-up prediction yesterday. (See also: New $500 Million Hedge Fund Will Focus On Cryptocurrencies.) According to him, bitcoin’s price will hit $40,000 by the end of 2018. [Reply]