There is no doubt in my mind that institutional investors are a great part of the growth that we had been seeing during the last months, institutional investors for the most part would have not come to this market if they did not thought that this market had great potential.
Another reason could be that they are looking for a way to make a profit in a relatively short time by buying low and selling at the top. Isn't it quite boring nowadays to play in the world of stocks, gold, or forex? so the bad possibility is that they are just bored with other instruments so they choose Crypto. But this is just bad thinking, we still have to be positive that this is the glory of Bitcoin. |
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It is true that gambling is one of the best way to make profit nowadays.
I dunno what's wrong with me but for me what you said doesn't make sense. Why did you say that gambling is one of the best way to make a profit. For several months I'm active as a gambling player and play dice. I've never won more than 20% of all my bets. And the proportion of my winnings is only 1: 500 times the stake. Once I bet All in and I ended up losing all my money. And it really hurts man. If you remember that moment you feel very stupid. Please those who are pro at gambling can teach me to continue to profit. |
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By the way, this one the the reasons people should be suspicious of cashless economy, especially on centralized platforms.
Yes, a full cashless centralized economy is very dangerous for individuals because there is no freedom for personal finances, whatever we have will be intervened by the authorities. The current Paypal policy is quite strange and there will be many suspicions from users of the platform if it is not immediately clarified. I'm sure, Paypal will change this policy until the many complaints that come to them. |
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Richest people getting ready for economic crash.
As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.
Becouse when alot middle class and poor people start buying it means crash is near.
If there’s a crisis, many businesses will suffer and they really have to be ready for that. As we can see, the aviation and tourism industry are suffering big time right now and their Debt balloon too, so if they didn’t prepared for this then its better for them to exit the market. Cryptocurrency can’t guarantee profit for them, crisis is not a joke. We are already in a crisis, right? Many establishments are crashing down at this moment but I don't think that crypto is the solution for this. I know that these owners wouldn't like to invest in crypto, they are most preferred to wait for the economy to recover and start over again. If we saw some companies are adopting crypto now, it does not mean that they are preparing for the economic crash but they are doing this because they saw the potential in crypto investment. They saw that this could be in demand for the coming days, and so they are anticipating it now before it has gone too late. I see an even more extreme thing that currently those who invest in Crypto are only looking for new fortunes in anti-mainstream investments. Those who firmly say Bitcoin is a scam are buying crypto. It seems like I am investing in crypto for fun. But the positive thing that can be taken is that we are experiencing hype that will end up who knows how long. And this is quite an advantage for many parties. |
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Taking loans to buy assets like Bitcoin is not a smart thing to do because yes it might yield big profits without doing anything but if by any chance it drops you will be in tatters because you don't just have to pay interest on the money you borrowed you are also losing overall on the money you borrowed. It is rather better to maybe take loans and trade because that at least gives you chance to earn but even then there is a risk, not a fan of taking loans for trading or investing.
Guys keep in mind that Bitcoin has already crossed expectations and might still cross 100k in coming months but if it goes down to something like 25k then don't be surprised because after every big bull run there is often a bear run or at least correction which can make it float around 35-45k if not less.
I just think that people who rush into investment decisions are simply due to hype and even using a loan to invest is just baseless foolishness. Because what is called an investment must go through a lot of considerations in terms of risk and any factors that influence it. The market hypothesis does not guarantee successful investment. Because we are only seen as seasonal investors. And it's very dangerous. |
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We already enjoy direct instant transfers, without SEPA and SWIFT;) Just use Bitcoin the way it was meant to be, the way we're all already using it. No need for a bank. This is as secure as it needs to be, as it'll ever get for any bank;) It’s a very good idea. Actually BTC needs a bank right now. Because it is gradually building itself as a common currency in the world. It needs a bank to make it more powerful and for easier transaction.
How exactly? More powerful and easier transactions? I can't imagine any instance where having an intermediary simplifies my BTC transaction. Send, sign, broacast. I could do it in seconds. I can't even imagine Bitcoin having a bank. As if it was no different from centralized fiat. It's not that Bitcoin is unique without a bank but it has tremendous hype. I'm so comfortable with this. Why are many people so interested in banking even though there are places where dirty money is used and regulated. |
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If you believe that you will recover yoir loan in few days and you will earn some profit than its all right. No issue with loan but if there is not sure that you will earn and price may be down then my advise "stay away from loan" invest which you can afford.
^ I have been advised this so many times here in the forum, never take a loan just to invest in crypto. It will probably like a double edge sword if you will lose both the amount that you lent and the capital you invested if you won't able to gain profit. A good suggestion that you only invest what you can afford, not even your one-month family budget, it should always extra money that comes from your pocket. However, you can set aside maybe 10% of your monthly salary and invest in cryptocurrencies, in that way, you did not feel hard losing money. We can really say that for people who are not knowledgeable yet about bitcoin since they might lose everything if they don't know how it works in the first place, but if you know how to handle it in terms of investing and trading well maybe taking a loan is also great since the possible return is so big that's why we should be careful upon dealing to anyone and anything to avoid any Ponzi schemes. Investing without knowledge is a gamble. Likewise, people who borrow money from a bank and invest only thinking of profits without seeing the big risk in front of them are an example of betting. The words of the OP have often appeared in this forum, even if he is diligent in reading he might be able to find various human perspectives regarding BTC investment with loans. I don't find this thread interesting, just like someone intentionally posting just for the sake of making this thread a field for their posts. |
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Just swap all your shitcoins for Bitcoin.
Bitcoin has been the most profitable investment of the past decade, and it looks like it also going to be the most profitable one of the decade ahead. If it maintains that rate of return, you only have to hold $1,000 in Bitcoin for 6.5 years it to turn into a million. Till now bitcoin turned many into millionaires who had the patient to hold for a long time but with the price rallying a lot you cannot expect the same kind of profit like the earlier investors used to get. There are other coins in the market that rallied along with bitcoin especially coins with lower valuation and if you are holding those you could make a huge profit as well and some of these coins gave bigger returns than bitcoin. Personally i do not trust holding the coins in exchanges let alone lend them. Investing in Bitcoin alone is very risky, especially if you have to lend it only for interest. How much interest is offered for sure will not be better than the profit made from investing in Bitcoin. From March 2020 to the present, bitcoin prices have even touched approximately 500% in just 11 months. Who is able to provide interest more than the gain from investment. If anything, it's probably just a scam. |
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Hahahahaa, JP Morgan (Jaime Dimon) is so anti bitcoin from the beginning they have to continue down the road of denial. What they say about crypto is completely meaningless, in fact what ever they say will happen id bet on the opposite happening. They just pissy cause they are missing the boat.
When Jamie Dimon called Bitcoin a "fraud" in September 2017, the exchange rate was going at $3,500 per coin. Now the price is around 1,400% higher (eventually he realized his mistake and admitted that he regretted about his statement in 2018). JP Morgan in 2019 came up with their "JPM Coin" to replace Bitcoin, but it failed miserably. So obviously they are not feeling very happy right now with the continuing Bitcoin rally. Yes, they seem jealous of the current Bitcoin hype, it's only natural that the name is also a failed competitor. They think their coins are attractive even though we don't think so. Centralized coins are just like toy coins on the playground. There is nothing interesting just like worthless numbers. Their current statements are only the words of those who are heartbroken because it is not as successful as the price of Bitcoin which never dies. |
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They are lucky more than we are, they are raking in profit that was such a nice move moving and adopting Cryptocurrency at the right time, PayPal is now a role model of every big companies and institutions that they should adopt new technology and open to new changes because it will benefit them tremendously, just like what the stat is showing on PayPal volume.
It takes a lot of courage to deviate from the statements that were issued previously and to admit own mistakes. PayPal was very critical of Bitcoin a few years ago. They even closed down a number of accounts that were used for cryptocurrency trading. But eventually they admitted that cryptocurrency is the future of finance and they will benefit if they adopt Bitcoin in their platform. To their credit, they admitted their mistake as soon as it was evident and went for Bitcoin without wasting any time. Now MasterCard is following their footsteps and the other payment processors such as Visa are also looking towards Bitcoin adoption seriously. Therefore, it is very possible that in the future crypto will have a very bright era. It's not like they said that currently there is only a price bubble that will suddenly collapse like in 2017. Even though these two cases are very different, and currently many support Bitcoin and other Cryptocurrencies as an investment. I think those who are too skeptical of crypto are just old-fashioned economists. |
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"If you're not paying for It, You are the product"
Somebody out there will own something. It is just not going to be you.
I've heard these words in one of the documentary films. I agree that in the future whatever happens looks normal, even today I feel it. I have nothing but I feel fine. I felt trapped in an economy that kept making the rich richer and the poor feeling just fine. Even if the central bank did die, it would be the poor who would be hardest hit. The world gets more and more chaotic every day until everything seems normal. |
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Sometimes it seems strange that people who have never known or studied Bitcoin can say bad things about it. Just like someone who has interpreted the contents of a book badly only through the cover. Whatever Hanua said was like the birds singing when starving. He just gave an old opinion that was baseless. Just making false accusations of an innovation. I disliked his opinion at all. He was no more like bankers who were slaves to inflation.
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Now let's examine the second part of their claim. According to JP Morgan, if Bitcoin comprises 1% of the portfolio, then the volatility can jump from 1% to 8%. Do you know how ridiculous this sounds? Let's assume that a company decides to keep 1% of its treasury portfolio in Bitcoin. Even in the unlikely scenario of Bitcoin becoming completely worthless, that would mean that the net worth of the portfolio decreasing to 99% from the existing 100%. Add in the volatility for the remaining 99% of the assets, and we get a figure of 1.99% per year and not 8%.
Suppose the portfolio comprises of 99$ + 1 dollar worth of Bitcoin. Considering that Bitcoin price has seen a low of 4000 and a high of 40000 (a factor of 10) within a span of less than a year, that 1 dollar of bitcoin can be worth 0.1 or 10 dollars. If the rest of the portfolio remains same, the total portfolio value can range from 99.01 to 109 dollars. So they are not wrong about the "volatility" percentage. The question is, would it be such a bad decision for a corporate to have a downside of the value becoming 99.01 and a growth to 109 as the upside. I don't know how corporates see "volatility". It'd seem that putting just 1% could be a bet with massive upside and little downside. Although we all fool ourselves with such back of the hand calculations, its clear that we aren't gonna see so much volatility anymore with a lot of main players jumping in to have BTC as part of their portfolios. If we talk about volatility in corporates, they will see from what is factor that influenced volatility. Bitcoin and any other cryptos only have supply and demand factor for their volatility and its too risk for corporate's portfolios. We can't guess what the market want in the future, and We can't take the lowest conclusion of the price range in a year, we have to take a bigger sample. Because the smaller the sample price range you use, the greater the probability of error. Companies need an even better fundamental reason to make Bitcoin a part of their portfolio. Because 1% of the company's portfolio can be worth billions of dollars. They must be very careful in choosing it. And what I've read that "The company portfolio is a secret that must be kept". |
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I want to recommend freebitco.in and blackjack.fun. The first time I entered the gambling site freebitco.in it became my first site and blackjack.fun became my second gambling site. I enjoy playing blackjack and have deposited my money on the site. I feel the two sites that I have been with for a long time can advise you, there are many interesting offers on both sites. I've already made a fortune for depositing my money there. And of course I have fun there. Several hours a day I play on both sites.
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This 2% calculation isn't parameter for anything besides the fact bitcoin guarantees privacy (not anonymity) for its enthusiasts.
I also see another reason that Bitcoin is owned by many people, not for long term investment where they have to hold onto their BTC for investment reasons. With very high price volatility, it does not make BTC a long-term type of investment but rather a short-term investment. They make BTC only as part of their speculation, so it is only natural that only 2% percent of people actually hold BTC. Because the rest makes this one of the reasons. |
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My opinion is that BTC is not ready to be a world wide currency, and there are some reasons like this is a fiat currency and has a high risk of falling price of it and doesn't have a value like gold or other minerals that can maintain it's value. Also, it has limited amount of coins and this will be reason of high value of bitcoin. So, bitcoin now, is not ready to be a world wide currency.
It can be a worldwide currency if it's accepted worldwide, that's all we need to see. However, with bitcoin status in terms of payment system, I doubt it could compete to a centralized system that is cheaper and faster. All bitcoin can guarantee is the decentralization, but people needs more faster and cheaper transaction, so they will stick with the current system as government are also going more on digital. I see the possibility that Bitcoin will be accepted by the whole world, the problem now lies only with the government that has not been able to make regulations regarding decentralized digital money. Those who are bankers or with modern financial backgrounds will perceive anything that is contrary to the centralized economic system as a threat. So that for technical problems, the speed up to the costs incurred for each transaction can be resolved if all regulations have been integrated. |
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In past few year they talking about this kind of adopting bitcoin since some of business are accepting bitcoin with generate codes where you can send your payments, and i think this could be a competition between bank and bitcoin currency and it will be a massive adoption into it others are planing to build an atm where also you can easily withdraw money around the world and some others says it is not suitable because it was decentralize., if this happen maybe bitcoin will be centralize and the hype wil be gone for good.
If the Bitcoin adopted by mastercard is changed to centralized then I agree that the hype will disappear. Basically Bitcoin is needed because it is decentralized and is against inflation. If mastercard changes it then in the future the pure value of Bitcoin will no longer exist. Bitcoin is no different like any other fiat. I will leave it if that happens. Because, if like that. I prefer invest in any other choice to Bitcoin. According to me, Mastercard will not change it to be centralize. Just 20% probablity, and it will need more regulation for set any rules for Bitcoin. |
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Today, he's making crypto investors a segment for his constituency. If he says that, then the voice of crypto investors is absolutely with him and he will look for another segment that can win him over in this election. Naturally, in the campaign there will be many things like this, and if the promise can be kept, maybe the price of Crypto will go to the sky with its implementation. But in the campaign there are many more dark things that often happen. Crypto is only a small part of his goal success. And it is clear how he got engagement from entrepreneurs in the crypto world
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and to all the people who says that hardwork is the key for getting out, you are dead wrong, it is like being in a quicksand, the more you struggle will only lead to you sinking deeper.
Exactly, the only "sure" key of climbing up financially for the poor is scholarship and then after that they could get all the opportunities opened up even like that they still one step behind because don't have any connections or such. That's also why most of the formerly poor people who fix their financial most of them become employee and don't really want to take the risk of becoming poor again by being risk-taker. Though i don't deny that there's always some people who could escape from being poor but thats like 1 in 100000 That is the reason if you look at the richest people in the world you will see that most of them had rich parents or family, they never really "took risks" in the sense that they would be poor or starving if they never did their jobs. Jeff Bezos? Guy who had island level big lot for their houses when he grew up (had a worse baby and toddler period but got richer later when his mother married a rich guy) and had a rich grandfather as well, not "this" level rich of course but rich. Elon musk? His father took ownership of mines and got rich off others hard work, Bill Gates? You think a kid at 17 can build something with his friend when they are poor? There are people out there having hard time finding something to eat, Bill gates had all the toys he could imagine under his hand and he did whatever he wanted when growing up without a problem, Mark Zuckerberg? Dude was "all paid of" Harvard student, he came from a rich family too. All those "risk takers" came from a level where they wouldn't mind going back down, every single one. You are just pointing out those big fishes on the top rank but how about on considering on those billionaires that who grew up poor.? 1. Oprah Winfrey 2. Howard Schultz 3. Ralph Lauren 4. Larry Ellison 5. Kenneth Langone 6. Sheldon Adelson 7. Alan Gerry 8. John Paul DeJoria 9. Harold Hamm 10. J.K. Rowling Source: https://www.cnbc.com/2017/09/11/10-billionaires-who-grew-up-dirt-poor.htmlThese might not be those top billionaires but there are people who work hard to attain their level. Indeed the fact is, those who are truly wealthy and successful in the beginning have the privilege of their family. However, there are also those who succeed come from poor families. However, if it is presented, it will be very far. Only 1% of the truly rich are from poor families. The rest, they are basically rich. If you look at their whole life, they are not really a risk taker. Only the lucky have a better chance than the other poor. Risk takers don't always make someone very successful. It only accounts for a few percent in supporting someone to be successful. |
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Mastercard has been eyeing Crypto since last year. Issues like this will provide reinforcement for Cryptocurrency. The more you glance, the more engagement you receive. The possibility that Mastercard will be like Paypal is 70% just how technical their execution is. What products will be offered to the public will provide even wider literacy for ordinary people about Ctyptocurrency. It would be wonderful if later parents who might not know Crypto will start to know it. Millennials who are familiar with but have not dared to invest will be more convinced to invest. This hype will be very positive going forward. I can't wait for the momment.
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