"It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting

Financial Darwinism ... same as it ever was. At least these fools won't be left with an embarrasing garage full of water filters.

"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.


"This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."

"You're on this mania curve. At some point in time there's got to be a leveling off. Cryptocurrency is here to stay. Blockchain is here to stay. Whether it is bitcoin or not, I don't know,"

Innovation in technology always outruns regulations: Joseph Borg
[link to www.cnbc.com (secure)]

I really hate to break it to all the Crypto-ignorant, but Cryptos are not in a bubble. They are the pin that is popping the Fiat bubble as I write. It will become painfully obvious by middle of next year and all you Poo Pooer will be eating crow and jumping out windows.

Cameron and Tyler Winklevoss wealth has to come from somewhere, so people mortgaging their homes makes sense.

The heavy hitters will slowly sell out in very small numbers so not to cause panic.

Pretty sure this is what has been happening since last week. So many crazed investors since Thanksgiving that will not do well when nobody gives a shit about their coins once the market can't sell them anywhere near the current rate.

Remember the Iraqi Dinar?

I really hate to break it to all the Crypto-ignorant, but Cryptos are not in a bubble. They are the pin that is popping the Fiat bubble as I write. It will become painfully obvious by middle of next year and all you Poo Pooer will be eating crow and jumping out windows.

"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.


"This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."

If you got in cheap long ago then its ok you have fuck all to lose but mortgaging your house? Its like gambling.

Shit, man. I know a ton of people in real life and on all kinds of personal finance blogs that have been doing the same thing for years to invest in the stock market.

Never heard CNBC talk about how prudent that was or was not.

I remember in 2006-2006 when retards were buying $75,000 houses for $250,000, zero down, adjustable rate, bad credit, no credit, fuck it, no job!

How is this different?

I don't think we are anywhere near the mania phase yet.....this run up still has a lot of leg.....when the computer challenged want to buy bitcoins, then you can be sure it done....

I don't think we are anywhere near the mania phase yet.....this run up still has a lot of leg.....when the computer challenged want to buy bitcoins, then you can be sure it done....

I really hate to break it to all the Crypto-ignorant, but Cryptos are not in a bubble. They are the pin that is popping the Fiat bubble as I write. It will become painfully obvious by middle of next year and all you Poo Pooer will be eating crow and jumping out windows.

Mania Phase. I swear to God I read that as Mariana trench. Life is weird.

Bitcoin is a shit sandwich however. Money from nothing is something only the US government, and the Swiss bank can pull off. Good luck winning against those odds. Not the Swiss, great people, would hurt a fly. The US Military though.....they have been known to break some shit!