Oooh I like how that Blackrock angle sounds.
-
.Comment -
And slowly then suddenly, the people forgot about divorcing themselves from wall street.Comment -
Haha, once people realized they could get rich off crypto and it was here to stay, all that idealism went away. Might be a couple of OGs around that still care about decentralization and sticking it to governments and wall street. But at this point to me, crypto just feels like a less regulated version on Wall Street.Comment -
Bitcoin maximalists aren't going to change their minds but we should be ready to change and adapt on the fly since so much changes. ETH is my number 1 hold and will stay that way even after Vitalik Buterin and an ETH dev posted negative news. Vitalik said that he's not staking all his ETH due to safety concerns. A top ETH dev doesn't stake all his ETH because he said he knows how the sausage is made.
I still think that ETH will be huge because of the upcoming upgrades. At best, ETH becomes dominate in the financial markets and the number one crypto for point of sale. ETH is working on privacy features. I'm not sure right now if that's a good or bad thing. If ETH becomes a privacy coin, the US is not going to allow it to be traded on US exchanges but I'm not sure that even matters much. The US is very slow with crypto laws and other countries have laws in place. If the US doesn't start making their laws clear on crypto everyone will just leave the US.
BTC will remain a store of value. It's safe and there is more and more adoption. No one buys groceries with gold so even if BTC isn't used for point of sale the price should boom during this bull run.Comment -
There may even be a decoupling of BTC and ETH.Comment -
I'm starting to come across more and more wallets and wallets at exchanges that will clue you in when a transaction has started - incoming transactions. It won't be fully posted until the necessary confirmations have occurred. I really like this feature. There's no heart attack waiting for a Send to be received. Features like this at point of sale should be allowed to make any waiting go quicker....
I recently traded in a poo poo coin (Wownero) at TradeOgre. I had no idea if they had received it until I started clicking around the website and found that it was indeed on the way and needed 80 confirmations. Greatly reduced my anxiety. Took about 6 hours.
--------------------------------------------------
Privacy coins are the best but carry a stigma - "Only criminals use privacy coins". Uh, no. People that like privacy like privacy coins. People that like the power of cash like privacy coins. Governments that want to surveil you hate privacy coins. 3 letter agencies have no idea what happens in privacy coin transactions. Privacy coins are the true cryptos - the power of cash with digital speed. Borderless. Unfortunately, a great deal of the crypto community hasn't got it, yet.... Most are into crypto as an investment, store of value, etc. Plenty of moon-boys , too....Last edited by Arky; 07-07-23, 09:26 PM.Comment -
Warren Buffett wouldn’t buy ‘all of the bitcoin in the world’ for $25: ‘It doesn’t produce anything’
Asked Saturday at the annual Berkshire Hathaway shareholders meeting if he had changed his famously negative views on bitcoin or crypto, the 91-year-old investor didn’t mince his words.
Buffett began his answer by saying that if all the attendees in the room owned “all the farmland in the United States” or “all the apartments in the country” and they offered him a 1% stake for $25 billion, he would write them a check on the spot. But he wouldn’t do the same for bitcoin and its over-$700 billion market cap.
“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Buffett said. “Because what would I do with it? I’ll have to sell it back to you one way or another. It isn’t going to do anything.”
He described his views on farmland and rental properties versus bitcoin as “the difference between productive assets and something that depends on the next guy paying you more than the last guy got.”
“The apartments are going to produce rent and the farms are going to produce food,” he said. “If I’ve got all the bitcoin, I’m back wherever [anonymous bitcoin founder Satoshi] was.”
He attributed the allure of bitcoin to a type of “magic” that draws investors.
“Whether it goes up or down in the next year or five years or 10 years, I don’t know. But one thing I’m sure of is that it doesn’t multiply, it doesn’t produce anything,” he said. “It’s got a magic to it, and people have attached magic to lots of things.”
Buffett has long been against cryptocurrencies. He told CNBC in 2018 that “they will come to a bad ending” and said that Berkshire Hathaway will “never have a position in them.”
“I get into enough trouble with the things I think I know something about,” he said at the time. “Why in the world should I take a long or short position in something I don’t know about?”
see how simple it is follow the wealthy it worksComment -
^^^ I Love Warren Buffett but he's a hater. most of the OG's are.
three fold:
- they do Not understand BTC nor digital currency in general
- they did Not get in on the bottom floor of it
- it threatens stocks
this is why they hate it.Comment -
He won’t admit as much, but Buffett is already holding Bitcoin through companies like Apple and Amazon who generate millions from crypto trading. Also, there’s a self preservation bias in his statement as he’s overweight in banking sector being slowly rendered absolete from a lending perspective. Most banks now making more and more money from trading and are the same people he rails against when the market goes irrational and he blames Wall Street but never the Fed or the billions he owns in banks. He is apart of the very system Digital assets seeks to disrupt so of course he is against it while also profiting from it.Comment -
I’m realizing all the smart guys with the money post in here, besides that Mike guy he’s just a hater because he’s missed the boat every single time.Comment -
https://www.reuters.com/legal/us-jud...ms-2023-07-13/Ripple notches landmark win in SEC case over XRP cryptocurrency
+50% L24
+20% LhourComment -
there is room and wisdom (in my humble opinion) in owning stocks and cryptos.
of my non-Cash positions, i have 96% of my portfolio in stocks and 4% in crypto.
i do not see the wisdom in big wigs thrashing cryptocurrency.
these same guys probably questioned a guy selling books out of his garage (Amazon and Jeff Bezos) and the need for a Search Engine (Google founders).
etc etc
just because these guys do not understand Crypto, does not mean they have to thrash it.
it is like it is an existential argument for them.
"Us vs Them"
i think they just hate the techies and the millenials. i think that is truly what it is.
they feel threatened by the next generation of really smart people.Comment -
A lot of bullish signs for BTC. I feel like there's enough BTC talk in the media right now. People know that they're fighting over a limited number of coins.
Question for the Stock Mkt gurus: *If one wants a pro-BTC investment inside the Stock Market, what is your best choice? MSTR? GBTC? A blended pro-Crypto fund?Where's the fuckin power box, Carol?Comment -
We are sitting so nice on our mountains of BTC. Now focus on your health so you can witness the multimillion dollar life.Comment -
Comment -
Thank you, Homie. I hold at least a piece of the three tickers you mentioned.
I take an (unusual) stance on stocks like COIN that have lost most of their value. If the price has eroded 80% of previous value, I normally don't sell. I just Hold since I'd be selling so low. Maybe I get lucky with COIN re-surging.Where's the fuckin power box, Carol?Comment -
-
There should be a pull back so I'm waiting until after the dip to moving things around.Comment -
I still got mine (Ape). I'm going to hang on to it till the bull market arrives and if it doesn't fully snap back - talking new ATH or just break even - it'll be time to dump it. Bull market is the best time to sell even if you have to take a loss. I think that is a good strategy for alts that sink badly during a bear market....
I've bought a lot stinkers in the past but thankfully made some good choices, too.....Comment -
Salud, Raiders. I always try to hold a little dry powder to buy on the dips.
Amazingly, MSTR is up again today. On a day that BTC is not up.Where's the fuckin power box, Carol?Comment -
This SEC ruling is a game changer. SOL, XRP will be back in play. We'll all be geniuses again. FWIW community is the most important thing when looking at HRs. Project quality is a distant second. $150k BTC is the new prediction. $20k ETH. Seems to be outrageous predictions but so did the others entering the bull runs in 2017 and 2021.Last edited by raiders72001; 07-14-23, 02:18 PM.Comment -
BTC and XRP are the only two that we're positive aren't securities because there was no staking and no ICO.Comment -
Thanks Raiders, for your continued input on the status and your opinion on the bitcoin/alt coin market! Chucky,optional, homey,Arky and Trobin of course you all are in the running!
Full disclosure... I own a smidgen of bitcoin... but enjoy keeping one eye open on the possibilities!
and of course how did I get bitcoin... through winning here... under the " old school" rules....Comment -
Bollinger bands very tight on Bitcoin right now which means volatility is imminent...... some say up is likely but down is possible, too....
----------------------------------------------
Stellar up about 80% this week (17.9¢). Rumor has it that XRP and XLM (Stellar) will be used by the new FedNow banker money.....Comment -
Where's the idiot know it all that was proud about taking a Gary gensler crypto course now? This xrp win was a long time coming, I hope gensler gets criminal charges on top of this falloutComment -
still hanging on for the long ride.
slow speed rollercoaster, no problem.
i'm not going anywhere.Comment -
The bankers claim FedNow will have nothing to do with an incoming CBDC.
Lynette Zang is a big gold/silver promoter and believes that's BS. Paraphrasing "like a spider building a web".
She also promotes becoming your own bank. Although she never says it, crypto will also help you to become your own bank.
The video below is her ranting about the changes. Amusing at times, runs about 23½ mins. if you have nothing better to do.
Comment -
BTC price taking off this morning. Trending up. Hits 30,000 in next 48 hours?
The Bull-run is coming, boys. More US bank failures?
The Fiat money system is a joke. American politicians trying to come up with new gimmicks.
And what about the FDIC? A make-believe insurance program?Where's the fuckin power box, Carol?Comment -
42½ minutes of Lynette Zang and Greg Mannarino chatting about the state of the markets:
---------------------------------------------------
I don't think I need to mention to the people here to stay away from PayPal's new stablecoin (PYUSD). Heidi explains (6½ mins.):
---------------------------------------------------
Although the sideways action is boring as all get out, crypto is showing strength by having no drastic plunges and quickly recovering from small dips. Weekly Bollinger bands are still tight which means something's going to break sometime soon....Comment
