Bitcoin could bankrupt you, but could it trigger a recession_ – marketwatch bitcoin headquarters

At my assumed $17 billion in sunk investment into bitcoin, the global effects of bitcoin going to zero overnight — which it won’t -— are about those of dr. Pepper going bankrupt, or of netflix

NFLX, +0.89%

Shedding $35 a share after a bad quarter. Netflix dropped $23 a share last summer — did you even notice? In fact, bitcoin lost $10 billion in value just while I was writing this article. I was so upset I made tea.

To be sure, bitcoin’s bust could make securities firms sweat if they unwisely extended credit to speculators. So they shouldn’t. And commodities exchanges shouldn’t make things worse by creating leveraged bitcoin derivatives, although they are beginning to. Bitcoin futures

US:XBTF8

Started trading sunday.

And it goes without saying that spending thousands of dollars for an electronic token someone tells you is “money” is stupidity defined.Bitcoin headquarters

don’t do it.

But unless commodities markets make bitcoin a multi-trillion problem, its bust will burn speculators and not much else. The rest of us will return our attention to mutual funds and ordinary investing concerns, like drivers rubbernecking at a roadside fender-bender and then continuing on their way.

At my assumed $17 billion in sunk investment into bitcoin, the global effects of bitcoin going to zero overnight — which it won’t -— are about those of dr. Pepper going bankrupt, or of netflix

NFLX, -3.29%

Shedding $35 a share after a bad quarter. Netflix dropped $23 a share last summer — did you even notice? In fact, bitcoin lost $10 billion in value just while I was writing this article. I was so upset I made tea.

To be sure, bitcoin’s bust could make securities firms sweat if they unwisely extended credit to speculators.Bitcoin headquarters so they shouldn’t. And commodities exchanges shouldn’t make things worse by creating leveraged bitcoin derivatives, although they are beginning to. Bitcoin futures

US:XBTF8

Started trading sunday.

And it goes without saying that spending thousands of dollars for an electronic token someone tells you is “money” is stupidity defined. Don’t do it.

But unless commodities markets make bitcoin a multi-trillion problem, its bust will burn speculators and not much else. The rest of us will return our attention to mutual funds and ordinary investing concerns, like drivers rubbernecking at a roadside fender-bender and then continuing on their way.

At my assumed $17 billion in sunk investment into bitcoin, the global effects of bitcoin going to zero overnight — which it won’t -— are about those of dr. Pepper going bankrupt, or of netflix

bitcoin headquarters

NFLX, -0.25%

Shedding $35 a share after a bad quarter. Netflix dropped $23 a share last summer — did you even notice? In fact, bitcoin lost $10 billion in value just while I was writing this article. I was so upset I made tea.

To be sure, bitcoin’s bust could make securities firms sweat if they unwisely extended credit to speculators. So they shouldn’t. And commodities exchanges shouldn’t make things worse by creating leveraged bitcoin derivatives, although they are beginning to. Bitcoin futures

US:XBTF8

Started trading sunday.

And it goes without saying that spending thousands of dollars for an electronic token someone tells you is “money” is stupidity defined. Don’t do it.

But unless commodities markets make bitcoin a multi-trillion problem, its bust will burn speculators and not much else. The rest of us will return our attention to mutual funds and ordinary investing concerns, like drivers rubbernecking at a roadside fender-bender and then continuing on their way.Bitcoin headquarters

At my assumed $17 billion in sunk investment into bitcoin, the global effects of bitcoin going to zero overnight — which it won’t -— are about those of dr. Pepper going bankrupt, or of netflix

NFLX, -0.62%

Shedding $35 a share after a bad quarter. Netflix dropped $23 a share last summer — did you even notice? In fact, bitcoin lost $10 billion in value just while I was writing this article. I was so upset I made tea.

To be sure, bitcoin’s bust could make securities firms sweat if they unwisely extended credit to speculators. So they shouldn’t. And commodities exchanges shouldn’t make things worse by creating leveraged bitcoin derivatives, although they are beginning to. Bitcoin futures

US:XBTF8

Started trading sunday.

And it goes without saying that spending thousands of dollars for an electronic token someone tells you is “money” is stupidity defined.Bitcoin headquarters don’t do it.

But unless commodities markets make bitcoin a multi-trillion problem, its bust will burn speculators and not much else. The rest of us will return our attention to mutual funds and ordinary investing concerns, like drivers rubbernecking at a roadside fender-bender and then continuing on their way.