patrick.net

The only reason anyone would want BTC is to get dollars to buy things with, right?

At this point, a new investor would have better yields going with something like Siacoin or Cardano since BTC's price is so high.

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

That's my reason. Its been a fantastic investment for me and I plan on paying off mortgages with it, buying stocks/RE and to keep some BTC forever.
For institutions its a diversification/inflation hedge to hold BTC on their balance sheet.
For the rich its a store of wealth that no entity can easily confiscate.

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

Since the real use case is still in development imo I plan on buying and selling and as time goes on use some profit to own house shares of BTC which I am flat BTC atm. Just wondering you do realize BTC is the millennial's choice for their gold, most actually care less about the real metals they all heard of Peter Schiff and dont want no part of it lol ? Personally I am betting on bigger yields from ADA Cardano as mentioned as well as I see a good measurable amount of profit yet in ETH Etherum, LINK ChainLink, XLM Stellar, SNX Synthetix, ALGO Algorand, ZRX Ox for instance. There are others but being a US trader many are out of reach until if/when US trading exchanges list them.

@Cash
thought on POLS?
I think I would need a VPN to access an exchange that lists the asset.

G36 says

I think I would need a VPN to access an exchange that lists the asset.

I have a VPN but they still have kyc and AML requirements, you maybe able to get your hands on the coins your interested in but how will you move them, your US bank acct.? .... Other countries dont want to be in the gun sight of US regulators. There are the possibility of legal ramifications for lying in the financial world for the little guy. ;)

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

Nah, it's shit for transactions but may serve as a peg for other things similar to gold.

Cash says

G36 says

I think I would need a VPN to access an exchange that lists the asset.

I have a VPN but they still have kyc and AML requirements, you maybe able to get your hands on the coins your interested in but how will you move them, your US bank acct.?

@Cash
>Access via VPN if they have a geo blocker.
>I sign up (as a user who can trade but not convert to FIAT).
>Buy the coin with USDC or any other stable coin.
>Take profits by trading back to a stable coin and move the stable coin back to Coinbase.

Patrick says

The only reason anyone would want BTC is to get dollars to buy things with, right?

Old dudes and there views Hahahaha

G36 says

I sign up (as a user who can trade but not convert to FIAT

What exchanges have you signed up to? So what address do you give them, proof of ID etc. they still want kyc/aml credentials?

It's go time for 1 ETH is about to do a new ATH https://invst.ly/tiioi

Cash says

It's go time for 1 ETH is about to do a new ATH https://invst.ly/tiioi

Yes baby!!!!!!!!

Cash says

G36 says

I sign up (as a user who can trade but not convert to FIAT

What exchanges have you signed up to? So what address do you give them, proof of ID etc. they still want kyc/aml credentials?

@Cash
For Coinbase & Binance I have a trading account that allows me to convert FIAT. KYC's are needed (ID, social etc).
For Kraken I only have the basic account that allows you to trade against stable coins. No KYC's, ID needed.

I see the bitter mutts are trolling again ... If they only had a spec of critical brain cell they could understand where they are so wrong...
Fk'm

G36 says

@Cash
For Coinbase & Binance I have a trading account that allows me to convert FIAT. KYC's are needed (ID, social etc).
For Kraken I only have the basic account that allows you to trade against stable coins. No KYC's, ID needed.

US traders can trade these US based exchanges Coinbase and Kraken. Binance.us allows most states to trade that platform my stae is not 1 of them. So really you don't have access to all the coins if those are your go to exchanges.

@Cash, I was interested in Polkastarter (POLS) but I agree with you there are so many opportunities within Binance/Coinbase that I wont really need another exchange.

You'll make plenty of $$$ just staying in the top coins. The problem with POLS there is no real market support so your odds are
not there. 3 active exchanges won't do...

WHO IS BUYING $590,000,000 OF BITCOIN!?

Institutional Buying, Grayscale Bitcoin Trust (GBTC) Buys Another 16,000 BTC Worth $590 Million
https://coingape.com/institutional-buying-grayscale-bitcoin-trust-gbtc-buys-another-16000-btc-worth-590-million/
18x more then the daily avg of 900 coins per 24 hrs...

@G36 doubles his money in BTC while the puke eating mutts double down on their stupidity lmao
If they only actually educated themselves they would know how idiotic they sound in their post..

@Cash,

yep, I can just imagine how it must feel if you try to trash Bitcoin and crypto for years while the excitement and price keeps shooting up. Maybe they are masochists? :)

Them old mutt fucks are Peter Schiff fans same mentality and as big a loser as he has been lol
Michael Saylor destroys Peter Schiff with this North Pole reference.
https://www.reddit.com/r/Bitcoin/comments/kzujkk/michael_saylor_destroys_peter_schiff_with_this/

New OCC rule is a win in the fight against financial censorship
https://ifex.org/new-occ-rule-is-a-win-in-the-fight-against-financial-censorship/

https://twitter.com/michael_saylor/status/1351168292766027779
#Bitcoin is the dominant digital monetary network. The next billion members
will pay trillions to join. You might want to join first.

My Crypto acct has an extra 55.60% gains since this yrs beginning. Stock will never come close considering
SP500 has perhaps another <3% to 3967 heavy R from current price and in the same time frame I am likely to have
doubled my acct 100% if not more. Not to late several still have 100% gains and more on a fairly short time frame.
BTC is sitting where that 590 million was bought just the other day however it was bought over the OTC so it's effect
is delayed.

https://reclaimthenet.org/yellen-pushes-narrative-of-bitcoin-being-tied-to-crime/

The incoming US administration looks determined to vilify Bitcoin and cryptocurrencies in general as tools whose main purpose is to help criminals and terrorists.

Those who advocate for greater adoption of digital, decentralized money say that it helps people become independent from the power and whims of central banks. Now Janet Yellen, who will serve as Secretary for Treasury in the Biden administration, says she has “a particular concern” regarding this type of digital money.

Addressing a Senate Finance Committee on Tuesday, Yellen said she “thought” that when it comes to transactions, many cryptocurrencies are used “mainly for illicit financing.”

The point of all this seems to be to justify and move forward with efforts to regulate cryptocurrencies – as Yellen added that the authorities need to look at how to effectively suppress their use in order to ensure they are not available to money launderers and other criminals.

OK, if the Fed actually hates Bitcoin, then I like Bitcoin.

The problem for the regulators is similar to taxing the rich they just move and with BTC being decentralized
they will have similar problems if they come down to hard it just goes more under cover as it were and they will be
circumvented. Central banks are getting major involved "OCC" because they know they have "no choice" if they want to play
and profit gloriously in this market... Lots of people want in crypto but find it to crazy town to get signed up and get
involved but the banks will make it happen seamlessly and make coin just being fiduciaries for their clients....

I have a limit order to buy more bags of Stellar XLM and came across this survey.
2021: The Year of Crypto? BTW Gen-X'rs are the highest participants in the crypto world.
https://files.wirexapp.com/the-future-of-money-report.pdf

ATM I am 90%+ flat the crypro market all I hold is a stack of ADA +276.95% it appears to me BTC will
test 25000. I see some exchange FUD pump being tossed out to see what lands, they want to scoop up some
discounted coins.

Bitcoin falls 11% after report suggests a critical flaw in the cryptocurrency called 'double spend' may have occurred
https://markets.businessinsider.com/currencies/news/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1-1029990921
If you read Bitcoin's White paper you will understand and see why that can't happen.
https://bitcoin.org/bitcoin.pdf

If you are US this is a great time to get hooked up and fund your crypto exchange
and in truth the only 1s you really need are Kraken, Coinbase and Coinbase pro.

The digital freight train leaving the station ;)
https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=COM:2021:32:FIN&rid=1
Key action 6: The Commission and the ECB will jointly review a broad range of policy,
legal and technical questions emerging from a possible introduction of a digital euro.
https://www.fxstreet.com/cryptocurrencies/news/jerome-powell-confirms-the-fed-is-studying-stablecoin-risks-as-ripple-dives-in-the-ring-for-cbdcs-support-202101150712
Jerome Powell confirms the Fed is studying stablecoin risks, as Ripple dives in the ring for CBDCs' support (XRP)
"BBVA's goal is to provide our customers with access to new digital asset markets"
https://www.bbva.com/en/bbvas-goal-is-to-provide-our-customers-with-access-to-new-digital-asset-markets/

I forgot Janet Yellen new/old chair of the Federal Reserve
https://www.coindesk.com/janet-yellen-offers-senate-a-more-nuanced-take-on-crypto
Janet Yellen Offers Senate a More Nuanced Take on Crypto
“I think we need to look closely at how to encourage their use for legitimate activities while
curtailing their use for malign and illegal activities,” Janet Yellen wrote.

The fact that the Fed is not calling for DEATH for anyone in possession of even one satoshi is proof to me that bitcoin will die.

The Fed owns us all. The Fed is the real cabal. Anything that limits their complete monopoly over printing US dollars would be met with nuclear destruction.

Therefore, they feel bitcoin is no threat to them and bitcoin must have some weakness.

Patrick says

The fact that the Fed is not calling for DEATH for anyone in possession of even one satoshi is proof to me that bitcoin will die.

The Fed owns us all. The Fed is the real cabal. Anything that limits their complete monopoly over printing US dollars would be met with nuclear destruction.

Therefore, they feel bitcoin is no threat to them and bitcoin must have some weakness.

All I know it's a great trade with lots of crazy volatility. I don't even comprehend even most things crypto ;) but it's a fairly easy consistent trade to earn
dialing for $$$ to invest in hard assets. Taking profit and not falling in love is paramount to owning crypto in my book. As far as your un-educated and off the cuff OPINION,
goes time will tell. I suppose you like the rest will be saying the same BS (ignorant opinions) @ BTC $50,000 $100,000 etc. like they have for the last 9yrs on Patnet?

Epic pullback glad I dumped near top on all my coins except ADA and I am still up 272%.
Reason Crypto and Equities are dumping? Big stalls on the Biden effect no "free shit" yet
so USD (DXY) flies. Great opportunity if your set up to buy the dips in Crypto and Equities but
wait to see what the USD does and any talk about $1400 bail-out. GL

DXY tgt Best Guess
https://invst.ly/tlq-3

Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources
https://finance.yahoo.com/news/harvard-yale-brown-endowments-buying-213404726.html
According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as well as several other colleges have been buying crypto directly on exchanges. (Several Ivy League endowments took an interest in blockchain technology via crypto-focused venture capital funds back in 2018.)

Grayscale Investments® Donates $1 Million to Coin Center and Pledges to Match Donations Up to an Additional $1 Million
https://finance.yahoo.com/news/grayscale-investments-donates-1-million-140000215.html
Coin Center works to inform policymakers and ensure that the government’s approach to cryptocurrencies is based on a sound understanding of the technology and respects individual rights of speech and privacy. Through producing and publishing research, educating policymakers, and engaging in advocacy, it hopes to preserve the freedom of cryptocurrency developers and users to continue pushing this technology forward.

After this DXY rally "ENDS" the shit mutts are going to be eating it big time...
Just watch how both the Crypto and Equities lift off and all the moon boys
riding the rocket ships will be waving good bye to the shit wolfs leaving them in their own stink lol ...
In the mean time SP500 is likely to hit min 3600/3500 then light the boosters things will fly...
I have a feeling thats about when the free $$$ drop will be ready to roll.... Good time for all
except the shit eating shit mutts when both Crypto and Equities break incredibly to new ATHs stay tuned ;)

Miami Uploads Bitcoin White Paper to Municipal Website
https://www.coindesk.com/miami-bitcoin-white-paper
Mayor Suarez once again pledged to turn Miami into a "hub for crypto innovation."
https://www.miamigov.com/Government/City-Officials/Mayor-Francis-Suarez/Bitcoin-White-Paper

Hedge Fund Manager Says GameStop Rally is Beneficial for Bitcoin
https://mavenroundtable.io/theintellectualist/economics/hedge-fund-manager-says-gamestop-rally-is-beneficial-for-bitcoin-s75lY6XPZ0OwZpyelMDhkw

Retail investors cheered this morning as hedge funds covered their shorts on GameStop and drove the price up to nearly $400 per share. Scaramucci believes that this event was an indication of the power in decentralized finance. Investing has been completely turned on its head as low-cost online trading and high savings rates have opened the door for retail investors to flood the market.

"The activity in GameStop is more proof of concept that Bitcoin is going to work," he said. "How are you going to beat that decentralized crowd? That to me is more affirmation about decentralized finance." Short-sellers have lost around $5 billion on GameStop, according to data from S3 Partners. In 10 trading days, GameStop shares are up more than 600 percent.

Bitcoin for Corporations
Wednesday, February 3rd, 12:00 - 4:45 pm EST

https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit
MicroStrategy is the first publicly traded company to invest significant treasury assets in Bitcoin.
At World.Now, you'll hear from MicroStrategy Chairman and CEO Michael Saylor, as well as a slate of
BTC industry luminaries, as they discuss this groundbreaking treasury reserve strategy.