Rachna Shah
Aug 2, 2017

Bitcoin, Ethereum, and other Cryptocurrencies

There's been a lot of talk recently about cryptocurrencies, particularly Bitcoin, given its recent split. Bitcoin was invented relatively recently, but it's rapidly grown, with tens of thousands vendors using it as a payment.


What are your guys' thoughts on these cryptocurrencies?


3 comments0 replies
Fatima Yousuf
Aug 4, 2017

Bitcoin is highly unregulated, so it allows many people to pay for drugs and other illegal things using them. I am honestly still struggling to figure out how it works exactly, since the system is really very complicated! From what I understand, people can invest in cryptocurrencies, but I'm not sure how their value increases over time. It is also my understanding that cryptocurrencies are not taxed, and there is no way to know who exactly is making a certain transaction.

Personally, I believe we should return towards the Gold Standard, and not use cryptocurrencies like BitCoin. How about you? What do you think?

1
Rachna Shah
Aug 4, 2017

I personally don't believe that cryptocurrencies are the future of the world, either. They seem to be so volatile, especially nowadays. The US does have enough gold to adopt a gold standard, and there are pros and cons (depending on one's personal belief) to its result in limiting government involvement in the economy. Do you believe that the gold standard would result in an isolationist stance?

0
New Posts
  • asaperstein1
    Jun 2, 2018

    G-7 Condemnation

    Discussion 
    Group of Seven finance chiefs criticized the U.S., claiming its trade actions could devastate global economic confidence and threaten the effectiveness of the Western alliance. Do you agree? Will these tariff actions ultimately have such effects?
  • Emre Balcı
    May 5, 2018

    What do you think about affect of automation workforce?

    Discussion 
    Especially, Japanese companies are facing a workforce automation problem. It’s not the kind you normally hear about, though — workers aren’t afraid they’ll lose their jobs to machines. Instead, the companies need to engineer robots to replace the droves of Japanese workers approaching retirement age. Right now, over a quarter of the Japanese population is over the age of 65, and that number is expected to jump to 40 percent over the next 40 years. That’s bad news for industries that will need to replace those retiring workers, especially for industries like construction for which automation hasn’t caught on as quickly.
  • asaperstein1
    May 5, 2018

    24% earnings growth

    Discussion 
    Another week of stellar earnings reports has gone by without any payoff in stocks. Even Friday’s rally, the biggest in almost a month, couldn’t turn the tide. Why do you guys think people aren't responding well to earnings growth? I personally don't trade on earnings. I usually rely on others to.