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An Antidote to Corporate Media
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136
Cash
2020 Nov 29, 9:11am
NoCoupForYou says
I stick to cash, stocks, real estate, Yams and .22LR in 1000 round boxes.I have plenty of all that and the players in crypto on patnet don't care if you do or don't partake, I know I don't it matters not to me at all lmhao
137
Cash
2020 Nov 29, 9:22am
Tix2fun says
especially in the DeFi market 1 being NEXO https://nexo.io/security
Once we have backing from government FDIC or SIPC I might decide to invest 1% of my portfolio.https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf Also many of the exchanges depending are insured
especially in the DeFi market 1 being NEXO https://nexo.io/security
138
Tix2fun
2020 Nov 29, 9:32am
Tix2fun
2020 Nov 29, 9:32am
Cash says
Back in 2017 like many investors I have done deep dive into crypto read lots of articles etc . Infact I did a course in blockchain.I believe in blockchain but for BTC I shared my reservations why I am still not convinced it is beyond my risk appetite.
Also I stick to investment fundamentals, BTC Investors tend to think that there will always be buyers whom they can sell at a higher price than their cost. It looks true because many have been doing it, but this is obviously incorrect. When the prices appreciate beyond the affordability of investors, there will be no buyers and prices come crashing down.
Tix2fun saysSo I stick to basic proven assets like gold, stocks and real estate.
Thats probably best. Only invest in things you have knowledge about ;)
Back in 2017 like many investors I have done deep dive into crypto read lots of articles etc . Infact I did a course in blockchain.I believe in blockchain but for BTC I shared my reservations why I am still not convinced it is beyond my risk appetite.
Also I stick to investment fundamentals, BTC Investors tend to think that there will always be buyers whom they can sell at a higher price than their cost. It looks true because many have been doing it, but this is obviously incorrect. When the prices appreciate beyond the affordability of investors, there will be no buyers and prices come crashing down.
139
Cash
2020 Nov 29, 10:15am
Tix2fun says
Not much more fundamental then the banks being able to play in this arena. https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf Tix2fun says
I stick to investment fundamentals
Not much more fundamental then the banks being able to play in this arena. https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf Tix2fun says
When the prices appreciate beyond the affordability of investors, there will be no buyers and prices come crashing down.Most buy fractions of BTC so that is not much of a problem. I personally trade crypto similar to how I trade currency strong against the weak and I am not afraid to sell which is the problem many have due to lack of experience.
140
Bitcoin
2020 Nov 30, 2:23pm
Bitcoin
2020 Nov 30, 2:23pm
WookieMan says
Wookie, why would you have sold everything at 18k? Its over 19k today and apparently hit a new all time high.
https://www.cnn.com/2020/11/30/investing/bitcoin-prices-record-high/index.html
Isnt it better to seller higher than lower? Unless you dont like to make money.....
Lol is all I'll say. This has happened before. I'd have sold everything at $18k
Wookie, why would you have sold everything at 18k? Its over 19k today and apparently hit a new all time high.
https://www.cnn.com/2020/11/30/investing/bitcoin-prices-record-high/index.html
Isnt it better to seller higher than lower? Unless you dont like to make money.....
141
WookieMan
2020 Nov 30, 2:54pm
WookieMan
2020 Nov 30, 2:54pm
G36 says
I don't worry about things like that anymore. I'll leave it up to you. Sell when it's up. When it goes down, just hope the elevator is able to stop at your floor.
Isnt it better to seller higher than lower? Unless you dont like to make money.....
I don't worry about things like that anymore. I'll leave it up to you. Sell when it's up. When it goes down, just hope the elevator is able to stop at your floor.
142
Cash
2020 Nov 30, 3:02pm
G36 says
Isnt it better to seller higher than lower? Unless you dont like to make money.....For the last several days/weeks RSI comparison BTC off the rails being the strongest currency on earth short, medium and long especially medium and long... 100%+ stronger then the next in line ;) Lots of people haven't learned how to ride price for all it's worth and lose lots of profits leaving them on the table.
143
Bitcoin
2020 Nov 30, 3:03pm
Bitcoin
2020 Nov 30, 3:03pm
wookie,
on 2020 Nov 26, 7:16am you said you would have sold "everything at 18k". 4 days later you dont worry about things like that anymore.
ROFL. You do change your mind quickly! Almost as quickly as Bitcoin has reversed to NEW all time highs!
on 2020 Nov 26, 7:16am you said you would have sold "everything at 18k". 4 days later you dont worry about things like that anymore.
ROFL. You do change your mind quickly! Almost as quickly as Bitcoin has reversed to NEW all time highs!
144
Cash
2020 Nov 30, 3:05pm
WookieMan says
Lol is all I'll say. This has happened before. I'd have sold everything at $18kTotal ignorance of the subject and then some....
145
Bitcoin
2020 Nov 30, 3:07pm
Bitcoin
2020 Nov 30, 3:07pm
Yep Cash, and its very easy for Anti-Bitcoiners to say, "I would have sold", after the correction. The fact that Bitcoin hit all time highs a few days after makes this all the better...
Obviously, telling people they would have perfectly timed the market after the fact is the easiest thing one can do. A 7 year old can do that.
Sorry to say this but some of the comments here are just an embarrassment (Mainly coming from Wookie and Onvcation).
Obviously, telling people they would have perfectly timed the market after the fact is the easiest thing one can do. A 7 year old can do that.
Sorry to say this but some of the comments here are just an embarrassment (Mainly coming from Wookie and Onvcation).
146
Cash
2020 Nov 30, 3:55pm
Point being professional traders I know many times buy when the old high is broken which depending on the broker BTCs ATH is yet to be broken on some exchanges just wait till 20k is snapped ;) Back in the day when BTC made that ATH Bitfenex was the highest volume exchange out of them all, and it hasn't met the high water mark yet
https://invst.ly/s-lgu Now what most are not aware of is there were way less US traders because it was such a hassle and US traders couldn't trade the best exchanges however now Coinbase is 1 of the largest if not the largest exchange traded and is dominated with US traders lots has happened and most will miss out on the sweet spot (now) because they roll with their ignorant opinions instead of a real working market theory based on best practice knowledge.
https://invst.ly/s-lgu Now what most are not aware of is there were way less US traders because it was such a hassle and US traders couldn't trade the best exchanges however now Coinbase is 1 of the largest if not the largest exchange traded and is dominated with US traders lots has happened and most will miss out on the sweet spot (now) because they roll with their ignorant opinions instead of a real working market theory based on best practice knowledge.
147
Cash
2020 Nov 30, 4:12pm
1 other item to notice is look at that big boner on 1 month candle biggest monthly hard-on ever, it's ready to burst all over the anti-crypto crowd and they best just continue to keep their eyes shut they are plenty blind enough ;) https://invst.ly/s-lgu
148
Bitcoin
2020 Nov 30, 4:40pm
Bitcoin
2020 Nov 30, 4:40pm
Cash says
dang, that is quite the big green boner lol.
Soon, the 20k All time high will just be a little tiny blip on the Bitcoin chart :)
1 other item to notice is look at that big boner on 1 month candle biggest monthly hard-on ever, it's ready to burst all over the anti-crypto crowd and they best just continue to keep their eyes shut they are plenty blind enough ;) https://invst.ly/s-lgu
dang, that is quite the big green boner lol.
Soon, the 20k All time high will just be a little tiny blip on the Bitcoin chart :)
149
WookieMan
2020 Nov 30, 5:16pm
WookieMan
2020 Nov 30, 5:16pm
G36 says
What the hell are you talking about? You talk about it being the best performing "asset" currently, yet negate the massive volatility of it. If I bought at $9k I'd have sold at $18k. WTF is another $1k? So my point stands and I'd have made money.
Are you guys in high school or something? I don't have to chase dreams in unstable markets. I'm good. You guys can enjoy $10k. I'll enjoy more is all.
wookie,
on 2020 Nov 26, 7:16am you said you would have sold "everything at 18k". 4 days later you dont worry about things like that anymore.
ROFL. You do change your mind quickly! Almost as quickly as Bitcoin has reversed to NEW all time highs!
What the hell are you talking about? You talk about it being the best performing "asset" currently, yet negate the massive volatility of it. If I bought at $9k I'd have sold at $18k. WTF is another $1k? So my point stands and I'd have made money.
Are you guys in high school or something? I don't have to chase dreams in unstable markets. I'm good. You guys can enjoy $10k. I'll enjoy more is all.
150
Bitcoin
2020 Nov 30, 6:12pm
Bitcoin
2020 Nov 30, 6:12pm
"I'm good"
Yep, I dont think you would invest in Bitcoin, you just keep talking about when you would have sold. That sounds like middle school to me. Once you are in the game we can take you seriously. Until then, its just laughable.
Yep, I dont think you would invest in Bitcoin, you just keep talking about when you would have sold. That sounds like middle school to me. Once you are in the game we can take you seriously. Until then, its just laughable.
151
WookieMan
2020 Nov 30, 6:33pm
WookieMan
2020 Nov 30, 6:33pm
G36 says
Laughable? You're the one on a forum gloating about $10k. Now that's funny. I don't know everyone here, but I'd guess being in CA a good chunk of these guys here make $10-20k/mo. They're just crazy and do it in CA ;)
Like I said, brag when you've made 6 figures on something. Anything. Likely won't happen with BTC.
"I'm good"
Yep, I dont think you would invest in Bitcoin, you just keep talking about when you would have sold. That sounds like middle school to me. Once you are in the game we can take you seriously. Until then, its just laughable.
Laughable? You're the one on a forum gloating about $10k. Now that's funny. I don't know everyone here, but I'd guess being in CA a good chunk of these guys here make $10-20k/mo. They're just crazy and do it in CA ;)
Like I said, brag when you've made 6 figures on something. Anything. Likely won't happen with BTC.
152
Bitcoin
2020 Nov 30, 6:39pm
Bitcoin
2020 Nov 30, 6:39pm
WookieMan says
So you only care about 6 figures but tell us you would have sold "everything at 18k". You make no sense....keep trying. Fact is you talk a big game but dont own a single Bitcoin :)
G36 says"I'm good"
Yep, I dont think you would invest in Bitcoin, you just keep talking about when you would have sold. That sounds like middle school to me. Once you are in the game we can take you seriously. Until then, its just laughable.
Laughable? You're the one on a forum gloating about $10k. Now that's funny. I don't know everyone here, but I'd guess being in CA a good chunk of these guys here make $10-20k/mo. They're just crazy and do it in CA ;)
Like I said, brag when you've made 6 figures on something. Anything. Likely won't happen with BTC.
So you only care about 6 figures but tell us you would have sold "everything at 18k". You make no sense....keep trying. Fact is you talk a big game but dont own a single Bitcoin :)
153
WookieMan
2020 Nov 30, 6:50pm
WookieMan
2020 Nov 30, 6:50pm
G36 says
You're joking right??? 18K is the price of BTC in US dollars. At this moment I would dump it. You make no sense in assuming people's finances. You tout a $10k gain which is great, but it's a nothing burger in the realm of making money. You're bragging about something I did when I was 23. Come back to this thread when you've made 6 figures off your spreadsheet from the current trade you're pumping. Gloat about it. I'll take it.
Until you've sold and gotten the money, you've made nothing. You have no gains. I hope you don't learn the hard way counting funny money before you actually capitalize on it.
So you care about 6 figures but tell us you would have sold "everything at 18k". You make no sense :) keep trying.
You're joking right??? 18K is the price of BTC in US dollars. At this moment I would dump it. You make no sense in assuming people's finances. You tout a $10k gain which is great, but it's a nothing burger in the realm of making money. You're bragging about something I did when I was 23. Come back to this thread when you've made 6 figures off your spreadsheet from the current trade you're pumping. Gloat about it. I'll take it.
Until you've sold and gotten the money, you've made nothing. You have no gains. I hope you don't learn the hard way counting funny money before you actually capitalize on it.
154
Bitcoin
2020 Nov 30, 6:53pm
Bitcoin
2020 Nov 30, 6:53pm
WookieMan says
Why would you sell Bitcoin at 18k when this is just pennies for you? I thought you only care about 6 figure gains.
You dont even own one Bitcoin am I right?
G36 saysSo you care about 6 figures but tell us you would have sold "everything at 18k". You make no sense :) keep trying.
18K is the price of BTC in US dollars. At this moment I would dump it. Come back to this thread when you've made 6 figures off your spreadsheet from the current trade you're pumping.
Why would you sell Bitcoin at 18k when this is just pennies for you? I thought you only care about 6 figure gains.
You dont even own one Bitcoin am I right?
155
Cash
2020 Dec 1, 6:15am
USD is looking to keep dumping which is very pos. for crypto and atm the same for the equity markets https://invst.ly/s-w9s
The equity markets are looking to give back all they took yesterday until the $USD index lands in true over sold area crypto is
a min hold with buying on the dips. The pop has just started, technically BTC is a beast with strength.
The equity markets are looking to give back all they took yesterday until the $USD index lands in true over sold area crypto is
a min hold with buying on the dips. The pop has just started, technically BTC is a beast with strength.
156
Cash
2020 Dec 1, 12:26pm
Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios
https://www.coindesk.com/investment-giant-alliancebernstein-now-says-bitcoin-has-role-in-investors-portfolios
"Ultimately, Bernstein Research recommends that bitcoin can comprise from 1.5% to 10% of portfolios,
depending on the cryptocurrency’s monthly returns."
https://www.coindesk.com/investment-giant-alliancebernstein-now-says-bitcoin-has-role-in-investors-portfolios
"Ultimately, Bernstein Research recommends that bitcoin can comprise from 1.5% to 10% of portfolios,
depending on the cryptocurrency’s monthly returns."
157
Bitcoin
2020 Dec 1, 6:15pm
Bitcoin
2020 Dec 1, 6:15pm
https://www.cnbc.com/video/2020/11/12/bitcoin-surges-higher-as-brand-name-investors-buy-the-cryptocurrency.html
"Bitcoin surges higher as brand-name investors buy the cryptocurrency"
CNBC seems to be all over Bitcoin lately.
"Bitcoin surges higher as brand-name investors buy the cryptocurrency"
CNBC seems to be all over Bitcoin lately.
158
Bitcoin
2020 Dec 2, 8:44am
Bitcoin
2020 Dec 2, 8:44am
https://twitter.com/CNBC/status/1333407639817097218
"No one uses gold to buy coffee." Cameron and Tyler Winklevoss explain why bitcoin is "digital gold."
"No one uses gold to buy coffee." Cameron and Tyler Winklevoss explain why bitcoin is "digital gold."
159
Cash
2020 Dec 2, 9:41am
Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows
https://cointelegraph.com/news/visa-and-blockfi-to-launch-bitcoin-rewards-credit-card-as-adoption-grows
"Cardholders will be eligible to receive 1.5% of their purchases back in BTC"
https://cointelegraph.com/news/visa-and-blockfi-to-launch-bitcoin-rewards-credit-card-as-adoption-grows
"Cardholders will be eligible to receive 1.5% of their purchases back in BTC"
160
Cash
2020 Dec 2, 12:32pm
Speaking of Visa, what are "they" them boys up to? This patent was filed just a little over a year ago and will go real well with the workings of CBDC
https://pdfaiw.uspto.gov/.aiw?PageNum=0&docid=20200151682&IDKey=5E7C13E07C78&HomeUrl=http%3A%2F%2Fappft.uspto.gov%2Fnetacgi%2Fnph-Parser%3FSect1%3DPTO1%2526Sect2%3DHITOFF%2526d%3DPG01%2526p%3D1%2526u%3D%2Fnetahtml%2FPTO%2Fsrchnum.html%2526r%3D1%2526f%3DG%2526l%3D50%2526s1%3D20200151682.PGNR.%2526OS%3D%2526RS%3D
After looking at the drawings scroll down to Pg 17 Brief Summery [0008] last sentence. .
https://pdfaiw.uspto.gov/.aiw?PageNum=0&docid=20200151682&IDKey=5E7C13E07C78&HomeUrl=http%3A%2F%2Fappft.uspto.gov%2Fnetacgi%2Fnph-Parser%3FSect1%3DPTO1%2526Sect2%3DHITOFF%2526d%3DPG01%2526p%3D1%2526u%3D%2Fnetahtml%2FPTO%2Fsrchnum.html%2526r%3D1%2526f%3DG%2526l%3D50%2526s1%3D20200151682.PGNR.%2526OS%3D%2526RS%3D
After looking at the drawings scroll down to Pg 17 Brief Summery [0008] last sentence. .
161
Cash
2020 Dec 3, 4:49am
Visa Partners With Ethereum Digital-Dollar Startup That Raised $271 Million
https://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million/?sh=1da47ab44b1f
https://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million/?sh=1da47ab44b1f
163
Cash
2020 Dec 3, 5:26am
BlackRock is the world’s largest asset manager with over $7.4 trillion dollars in assets under management, according to the manager’s website.
https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset
BlackRock’s CEO of BlackRock Larry Fink said bitcoin has “caught the attention” of many people and that the cryptocurrency market was still
relatively small compared to others. "Fink said the "nascent" cryptocurrency asset class can possibly “evolve” into a global market asset"
https://www.coindesk.com/blackrock-ceo-bitcoin-global-asset
BlackRock’s CEO of BlackRock Larry Fink said bitcoin has “caught the attention” of many people and that the cryptocurrency market was still
relatively small compared to others. "Fink said the "nascent" cryptocurrency asset class can possibly “evolve” into a global market asset"
164
Cash
2020 Dec 3, 6:37am
Just to be upfront as a trader not an investor I am momentarily considering going to cash and the main reason is this chart of the DX https://invst.ly/t0wg-
USD is BTC's quote currency, not hard pegged like most all fiat in that regard but is independent and floats, however as a quote currency USD strength does matter imo.
USD is oversold via RSI on the daily so there is a decent possibility of some impulse buying to prior support and if this ends up being the case crypto should give some discount pricing. If I were just looking to get into this market I would consider waiting until price breached the last high quoted on the exchange you are using or price to tilt to some degree
TBD.
USD is BTC's quote currency, not hard pegged like most all fiat in that regard but is independent and floats, however as a quote currency USD strength does matter imo.
USD is oversold via RSI on the daily so there is a decent possibility of some impulse buying to prior support and if this ends up being the case crypto should give some discount pricing. If I were just looking to get into this market I would consider waiting until price breached the last high quoted on the exchange you are using or price to tilt to some degree
TBD.
165
Cash
2020 Dec 4, 9:02am
I went flat yesterday which has payed dividend with discount prices across the board about 7.5% so far however there are decent supports lower at 18000/17800/17500/16800+/- so depending on the price reaction, the USD among a few other indications if/when those levels are hit Ill start testing some buys. I am shaking the dice that prices are still stumbling a bit so I can load up on as many XRP as possible the 11th or there about on my Kraken acct for the Flare Networks’ airdrop of Spark tokens 1:1 on Dec.12. The XRP coins need to be on a participating platform on the 11th then can be taken off and/or sold or what ever on the 13th. Ripple will take a snapshot of all proper holders sometime on the 12 and the your acct will be credited with the Spark tokens sometime after.
https://en.ethereumworldnews.com/how-to-prep-your-xrp-for-the-flare-networks-spark-token-flr-airdrop/
https://en.ethereumworldnews.com/how-to-prep-your-xrp-for-the-flare-networks-spark-token-flr-airdrop/
167
Bitcoin
2020 Dec 6, 12:16pm
Bitcoin
2020 Dec 6, 12:16pm
Very bullish for Bitcoin
https://www.bloomberg.com/news/articles/2020-12-06/fomo-among-big-investors-may-support-bitcoin-s-polarizing-rally
“The multitude of regulated crypto exchanges and custodians has eliminated the ‘career risk’ for institutional investors,” PwC’s Hong Kong-based Global Crypto Leader Henri Arslanian said in an interview."
"JPMorgan Chase & Co. strategists point to the Grayscale Bitcoin Trust -- which invests in the digital coin and tracks its price -- as a potential window into wider crypto ardor beyond the retail demand from Millennials."
"The Grayscale vehicle’s assets have swollen to more than $10 billion from $2 billion at the start of December last year, its website and factsheets show. It drew almost $720 million of inflows in the third quarter, according to an investment report, which said institutions -- dominated by hedge funds -- accounted for 81% of the money coming into the firm’s digital-asset funds.
Guggenheim Partners LLC last month reserved the right for its $5.3 billion Macro Opportunities Fund to invest in the Grayscale trust."
https://www.bloomberg.com/news/articles/2020-12-06/fomo-among-big-investors-may-support-bitcoin-s-polarizing-rally
“The multitude of regulated crypto exchanges and custodians has eliminated the ‘career risk’ for institutional investors,” PwC’s Hong Kong-based Global Crypto Leader Henri Arslanian said in an interview."
"JPMorgan Chase & Co. strategists point to the Grayscale Bitcoin Trust -- which invests in the digital coin and tracks its price -- as a potential window into wider crypto ardor beyond the retail demand from Millennials."
"The Grayscale vehicle’s assets have swollen to more than $10 billion from $2 billion at the start of December last year, its website and factsheets show. It drew almost $720 million of inflows in the third quarter, according to an investment report, which said institutions -- dominated by hedge funds -- accounted for 81% of the money coming into the firm’s digital-asset funds.
Guggenheim Partners LLC last month reserved the right for its $5.3 billion Macro Opportunities Fund to invest in the Grayscale trust."
168
Cash
2020 Dec 6, 2:45pm
G36 says
So many reasons to list however I'm looking for a nice great big dump to buy into, I am about 95% flat crypto atm Looking for some discount ;)
Very bullish for Bitcoin
So many reasons to list however I'm looking for a nice great big dump to buy into, I am about 95% flat crypto atm Looking for some discount ;)
170
Cash
2020 Dec 7, 6:49am
German bank launches crypto fund covering portfolio of digital assets
https://cointelegraph.com/news/german-bank-launches-crypto-fund-covering-portfolio-of-digital-assets
https://cointelegraph.com/news/german-bank-launches-crypto-fund-covering-portfolio-of-digital-assets
171
Bitcoin
2020 Dec 7, 6:55am
Bitcoin
2020 Dec 7, 6:55am
Wow.....that is Germany's oldest bank.
https://www.financemagnates.com/cryptocurrency/news/germanys-oldest-bank-introduces-cryptocurrency-fund/
"We see that digital assets and cryptocurrencies are becoming increasingly attractive to institutional investors."
We are in the middle of mass adoption. A new era of Finance.
https://www.financemagnates.com/cryptocurrency/news/germanys-oldest-bank-introduces-cryptocurrency-fund/
"We see that digital assets and cryptocurrencies are becoming increasingly attractive to institutional investors."
We are in the middle of mass adoption. A new era of Finance.
172
Cash
2020 Dec 7, 7:11am
G36 says
Add the largest asset manager Chief Investment Officer Larry Fink is going to collect some satoshs for his big spending clients out of the 7 trillion they manage.
Head of world’s largest asset manager says bitcoin can possibly ‘evolve into a global market’ asset
https://www.marketwatch.com/story/head-of-worlds-largest-asset-manager-says-bitcoin-can-possibly-evolve-into-a-global-market-asset-11606854857
Wow.....that is Germany's oldest bank.
Add the largest asset manager Chief Investment Officer Larry Fink is going to collect some satoshs for his big spending clients out of the 7 trillion they manage.
Head of world’s largest asset manager says bitcoin can possibly ‘evolve into a global market’ asset
https://www.marketwatch.com/story/head-of-worlds-largest-asset-manager-says-bitcoin-can-possibly-evolve-into-a-global-market-asset-11606854857
173
Bitcoin
2020 Dec 7, 7:28am
Bitcoin
2020 Dec 7, 7:28am
Cash says
head of world's largest asset manager......Our DF should reach out to the world's largest asset manager and tell him about the Nucler EMP and that "the bottom can fall out any minute". lol f.-ing lol!
Head of world’s largest asset manager says bitcoin can possibly ‘evolve into a global market’ asset
head of world's largest asset manager......Our DF should reach out to the world's largest asset manager and tell him about the Nucler EMP and that "the bottom can fall out any minute". lol f.-ing lol!
174
Patrick
2020 Dec 7, 5:46pm
Patrick
2020 Dec 7, 5:46pm
Mainstream financial institutions suddenly getting into Bitcoin spooks me.
The whole point of Bitcoin is to be completely independent of their control.
The whole point of Bitcoin is to be completely independent of their control.
175
Bitcoin
2020 Dec 7, 6:40pm
Bitcoin
2020 Dec 7, 6:40pm
Patrick says
We dont have to like mainstream financial institutions.... but that doesnt mean we should not allow them to make us wealthy by driving up the price. I cant think of more bullish news for Bitcoin's price. I like to remember there were people that predicted Bitcoin will go to zero :) :)
I think the point of Bitcoin is to be a store of wealth / digital gold.
Since its built on a permissionless blockchain that requires no permission to join and interact with, anyone can participate (banks, criminals, us, hedge funds, nasdaq listed companies, billionaires, even DF)
Mainstream financial institutions suddenly getting into Bitcoin spooks me.
The whole point of Bitcoin is to be completely independent of their control.
We dont have to like mainstream financial institutions.... but that doesnt mean we should not allow them to make us wealthy by driving up the price. I cant think of more bullish news for Bitcoin's price. I like to remember there were people that predicted Bitcoin will go to zero :) :)
I think the point of Bitcoin is to be a store of wealth / digital gold.
Since its built on a permissionless blockchain that requires no permission to join and interact with, anyone can participate (banks, criminals, us, hedge funds, nasdaq listed companies, billionaires, even DF)
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Large investors are at the table now while the herd is grazing in other pastures and for the savvy they are opening the door of crypto opportunity.
https://trends.google.com/trends/explore?date=all&q=bitcoin
Past Bitcoin hater changes tune, Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. https://news.bitcoin.com/dr-doom-nouriel-roubini-bitcoin-store-of-value/
Bloomberg 400 billionaire Stan Druckenmiller says he now owns both gold and Bitcoin, and expects Bitcoin to outperform gold. https://blockchain.news/news/billionaire-stan-druckenmiller-bitcoin-gold-btc-risk-return
Legendary investor Bill Miller just went on CNBC and said that every major bank, investment bank or high net-worth firm is going to eventually have some exposure to bitcoin. https://markets.businessinsider.com/currencies/news/bitcoin-price-legendary-investor-bill-miller-resilience-better-every-day-2020-11-1029776469