Point of clarification, this form that is linked to doesn't actually mean what is being represented. This Form D that was filed with the SEC means this issuer sold $19,872,939 worth of its own securities to investors under Regulation D, not that it bought that much bitcoin. As is typical, not all the money raised goes towards asset purchases because the investment manager takes fees for running the fund and other fund expenses come out of the amount raised like legal fees for filing the Form D and operating expenses like setting up the fund, etc. Whoever wrote the blurb about this Form D filing doesn't exactly understand what the filing is. |
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Bitcoin is an exceptionally poor currency. It's expensive, it's slow, it doesn't scale... Nothing in the OP post supports the subject of the thread that bitcoin could win the currency war. Bitcoin will have to solve all three of it's major problems to win any type of currency war. Cash is superior in every aspect right now, and centralized payment systems are far superior to a decentralized blockchain system thus far.
All this points of yours really needs debate, saying that centralized currency is far preferable than decentralized currency, i think these really need more explanation or insights, it's accepted that centralized currency come into existence before digital currency, which digital can be decentralized currency, because looking at the current situation of nature it's obvious that people uses the digital system of payment which might be cryptocurrency and especially Bitcoin, so it's left to individual to decide for a means of payment, so am disputing the fact that fiat currency is superior than crypto, automatically it depends on the environment we found ourselves for transportation, many people currently accepts crypto because they use it for investment within short period. Well, point of clarification- I said centralized payment systems are better than bitcoin, and then second point is that because of bitcoin's inherent flaws, cash is a better type of currency. An example of a centralized payment system is Visa or Square. The payments are instantaneous, cheap and trustworthy. Compare this to bitcoin where payments are slow, expensive and trustworthy. Visa and Square are hands down better payment systems than bitcoin, it's not even a fair competition because bitcoin is so slow and so expensive. As for my second point, because of how slow and expensive bitcoin is as a currency, cash is far superior to it. Cash holds a steady value and is far easier to use. Digital payment systems make up the one shortcoming cash has compared to bitcoin in not being able to be used online. So those are my two points- 1) centralized payment systems are faster and cheaper than bitcoin, and 2) centralized payment systems make cash a far better medium for exchange. |
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For stock investing I haven't learned or bought stocks, so for now cryptocurrency investing for me is still superior to stock investing, since bitcoin and altcoin prices have gone up like crazy, many stock investors have started to switch to investing in the cryptocurrency.
Pretty much agreed with this. Stocks are for boomers. Crypto has the real gains. The world is not what it used to be anymore. The time has changed. Stocks gain how much at best? %7? These are rookie numbers. Dogecoin went up by like what? 10000%? Now that's what I am talking about. That's how you make money. Now defi is also a thing, the whole stocks market will probably operate on ETH anyway. Why resist the tech? Those stubborn boomers have to die because they are going nuts on crypto lately. We won't have a crypto based economy any time soon unless the retarded boomers disappear. Wow, you've got some pretty skewed views about investing. Thinking that crypto can only go up is pure folly. Expecting crypto to always return like the few exceptions that break the mold is even worse. These returns aren't typical, and crypto isn't really investing because the valuations are based on nothing but group think. Because the values are arbitrary, you're just gambling. Also, stocks average 10% annual compound returns, but there are always stocks that fly far higher. Berkshire has returned more than 390,000% since 1976. There are periods in 2020 where certain tech stocks have blown bitcoin out of the water over the same period, especially with bitcoin's current pullback. Saying that stocks are for boomers is just admitting how much you don't know about the financial system or how it actually works, and it's attitudes like this that cause actual investors not to take the crypto world seriously. They're not wrong to have the perception that crypto is mostly a bunch of unsophisticates who got lucky. You sound a lot like a no-coiner mate. Crypto is the best thing that has ever happened to the investment world. Nobody has any time to do all those researches, examining ratios, debts and such crap. Just buy bitcoin and it only goes up. Why can't it go up only? BTC has been going only up since its inception. Don't believe me? Just see the BTC/USD chart. Berkshire lol. Bitcoin returned 9999999999% since 2008. Not a no-coiner, just someone who has investments across all assets classes (including crypto) and understands hype when he sees it. Crypto is not the best thing that's ever happened to the investment world. That's pure hype. Just because you don't understand the stock market means it's a bad investment. Lol, you provided the perfect example of why someone shouldn't take your arguments seriously when you cited 2008 (a time when nobody was invested in bitcoin) as the starting point of your comparison. Why not just go full hack and cite the infinite return bitcoin has had since it the white paper, since it was technically started at 0? OMG everyone in bitcoin has made infinite money!!! The fact that you have to try so hard to validate your belief isn't a good look. |
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There won’t be any new millionaire born in stock market
It would be the norm for the 2022, 2023, 2024, ... to eternity
Because stock market is highly regulated
All the millionaires are made from the unregulated stock market is now all dead.
Those clueless billionaires think they can regulate all they want and they dislike gamblers who could do harm to stock market, they’re thinking they don’t need us to help making them the richest man, I think they’re so dumb they’re no coiner and actually is very poor.
Yes, fiat would be used to continue to probe up all blue chip, those are making the rich people richer but not create new millionaires in the foul play, without new millionaires born from stock market every now, the hype on getting rich from stock market would die,
Stop believing those ads telling you can generate passive income investing in Amazon blue chip for as little as $300, those are the ads to make the rich people even richer.
Are you really sure when you say this? Or are you just guessing? Because I have seen a couple of new millionaires cropping up from the stock markets in my country atleast. Moreover stock market millionaires don't invest directly from their accounts they generally setup institutions for it which I am sure never go into losses. Also talking about regulation, I feel there is hardly any regulation when it comes to institutional investors, most of the regulations just work on the retail ones. OP doesn't know what he's talking about. The stock market, unlike bitcoin, is near all time highs. It has created lots of new millionaires during this run that started in April 2020. To try and say that the stock market has risen this far this fast and NOT created new millionaires is obviously a self-defeating statement. |
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Looking at the past financial crises that happened, they all seem to have a few things in common, such as the mass adoption of a new financial product or technology (e.g. mortgage backed securities in 2008, dotcom boom in 2000). Given the extent to which institutions (and some influential figures) have been manipulating crypto recently, do you guys think this narrative is likely?
The thing that caused the housing bust and the dotcom bust was reckless buying, not new financial products. So in that regard, bitcoin certainly looks like it is subject to reckless buying quite frequently, which is why you have these sharp contractions. As for causing a financial crisis, no, I don't think so. It's not nearly big enough or tied into the financial system in a significant way to cause a financial crisis. Bitcoin could go to zero without much significant consequence for the overall financial system. |
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1. A businessman selling candies tells you that candy wrappers are valuable.
2. He buys up all the candy paper from the market and tells you to buy it too.
3. Candy paper goes up in value but keeps fluctuating when businessman talks.
4. He says now you can buy his candies in exchange of candy wrapper.
5. Candy wrapper pumps. His bags gain value as he has all the candy wrappers he wanted.
How isn't this openly manipulation?
He shilled an asset and then asking his followers if he should accept it for payments. Isn't this monopolistic or something?
Doesn't matter though. DOGE is a PoW currency. If Musk decides to let people buy Tesla cars with it, maybe a few bag holders will be happy spending it. Its a cryptocurrency. If he chooses DOGE, its his wish. Doesn't mean that DOGE will suddenly become better than Bitcoin.
This metaphor is convoluted and unnecessary. It's not manipulation because the definition of manipulation requires action to benefit yourself or someone else. If you're just making statements to move markets to troll people, that's not manipulation. There's no evidence Musk is trying to profit, all signs point to him just being an attention whore, so anybody following his "advice" should be on notice that he's flakey. |
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Tesla has a very good marketing and makes investors' eyes shine with all the promises being constantly made, always focused in the future and new technologies they claim to be superior to their competitors. For Tesla everything is valid to impress the public. They are good on what they do, even if it's just illusionism and propaganda it works.
I think to say Tesla is overpriced is a waste of time, because if the market gives it that value, it's because investors see potential on it. Potential that they aren't seeing on another companies of the same niche. So another cars manufacturers have to expand their horizons and promote features that will migrate Tesla's investors to themselves. The weak point of Tesla are the prices, so to explore this aspect is already a good beginning for competitors...
One thing that remains constant is Tesla over promises though. It doesn't mean much what they say anymore when they repeatedly don't live up to their own hype. They've only just started reaching production goals they set, the self-driving tech isn't as good as they want you to believe, the cars aren't as safe as they claim, the tech inside the car doesn't last the life of the car, the batteries aren't as good as promised yet... there's just a lot of broken promises, so you need to take whatever they're promising now with a heap of salt. |
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Tesla announced Monday
Source : This is a 3 months old news you posted. Things have changed since  You just woke up after a 3 month night? As far as I know, Tesla doesn't want to accept Bitcoin for a Tesla anymore. And the company is already thinking to sell some of its BTC. This is correct, Tesla already sold 10% of its bitcoin holdings and announced they would not be accepting bitcoin as a payment method. Also, Bitcoin will never scale in its current iteration to compete with centralized exchanges. It doesn't have the capacity to compete in transactions with any of the centralized payment systems listed in the OP graph. I'm not in the least bit surprised that they sold Bitcoin, I strongly believe that they sold even more than a mere 10%, before announcing that Tesla will no longer accept BTC as a payment method. I also expect that they are currently buying Bitcoin to take advantage of the lower prices. Soon enough, they'll start promoting crypto again. Doubt they sold more than they said, they wouldn't be able to get away with falsifying an SEC filing where they have to disclose things that are relevant to the business for investors. I also doubt they're buying more; they sold some of it because they need capital to grow the business. They don't have spare dollars to be locking in to bitcoin. It was surprising enough they did it once. I wouldn't be surprised if they sell more in the coming quarters since they're barely profitable and they have heavy capital obligations ramping production and improving the batteries. |
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The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.
Tesla has immense future potential. With fossil fuel reserves are depleting fast and the price is becoming unreasonably high for the car owners, Electric cars are the answer to all these problems. Tesla has not yet started marketing or selling their cars to every country in the world. But a time will come when Tesla will try to penetrate the majority of the countries with their electric cars. I believe that Tesla stock is still undervalued considering the future potential it has. This downfall is temporary just like bitcoin. I believe it has immense future potential as well, but not to the point of the market cap it's currently commanding. It's priced as if it's going to be the only electric vehicle manufacturer and maintain the margins it has now while doing so. These are both false. It was first mover advantage and that's it. The other car companies will produce far more cars than Tesla will and the competition will hammer Tesla's margins as they have to compete, rendering both premises false. The clearer this becomes in the future, the further the Tesla market cap will fall, and if they have to continue to issue shares to fund expansion, that means an even lower share price as outstanding shares make up a larger portion of the market cap side of the equation. |
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At present, even though there is a Covid-19 vaccine, the increase in Covid continues to increase in several countries, one of which is India, if Covid-19 has completely disappeared on this earth, then world economic growth will gradually increase, because currently there is a lot of unemployment which makes people have to adapt back to their original jobs
Indian government made the mistake of prioritizing 45 plus age group for vaccination. They should have actually vaccinated as many people as possible with the first dose, before administrating the second dose. But they went the other direction and that reduced the vaccine coverage. Now most of the deaths are occurring among those who are under 45 years. And given the enormous population size of India, the situation is unlikely to change for the next 5-6 months. Something very disturbing is happening in India right now with daily new deaths being at the highest level during all May:  But if look closely, we can notice that maybe a decline is emerging. And if we combine that with the fact that daily new cases are in decline since the beginning of May  I think we can hope that the situation will change for better much earlier than after 5-6 months. Deaths always lag new cases, so if new cases are falling currently it is reasonable to expect that deaths will start to follow the same trend in the future when the latency period between diagnoses and the binary outcome of death or recovery catches up. The danger is that perhaps India is overwhelmed and can't keep up with reporting, in which case deaths will not start to fall because it's actually new cases that are under reported and not because infections are actually going down. It is already widely expected that the true number of cases is greatly under reported in India. |
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If I am right what this Federal stocks that you are talking about is probably the government bonds which is a pretty good one to invest in since you can be sure that your investment will be safe because the government itself is insuring it.
No, the conclusion in the op is far dumber than this. He's trying to say that owning bitcoin pays you dividends when there's federal stimulus, which is 1) not technically accurate because bitcoin literally pays 0 dividends of any kind, and 2) he's confusing capital appreciation with dividends, which even if he's using the correct term still isn't correct since bitcoin is still far below it's ATH despite all the stimulus already pumped into the economy. |
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Tesla announced Monday
Source : This is a 3 months old news you posted. Things have changed since You just woke up after a 3 month night? As far as I know, Tesla doesn't want to accept Bitcoin for a Tesla anymore. And the company is already thinking to sell some of its BTC. This is correct, Tesla already sold 10% of its bitcoin holdings and announced they would not be accepting bitcoin as a payment method. Also, Bitcoin will never scale in its current iteration to compete with centralized exchanges. It doesn't have the capacity to compete in transactions with any of the centralized payment systems listed in the OP graph. |
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Sharing another interesting infographic from visualcapitalist.com https://www.visualcapitalist.com/bitcoin-is-the-fastest-asset-to-reach-a-1-trillion-market-cap/ as we can see from the data above, Microsoft took 44 years to reach 1 trillion market cap, while Bitcoin took only 12 years! Unfortunately, Bitcoin could not sustain such prices for long, and now the total market cap is about 650 billion USD. ( 1 trillion marketcap is about 56K USD) Anyway, that is an impressive milestone for Bitcoin! This is not an apples to apples comparison. It's comparing an asset category to individual companies. But as long as we're pointing out things that don't matter, bitcoin is also the only one of these assets to lose it's one trillion dollar designation. Can't point out the hype if you're not gonna acknowledge the pitfalls. |
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We exited the bear market earlier than everyone expected. The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.  You called this way too early, as the price continues to bounce around well in bear territory. First responder to your post called it a dead cat bounce and that's exactly what this has proven to be so far, as the tick up was immediately answered with a tick back down, despite some people's efforts to proclaim the bear market over. It's not. |
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I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.
right, the crypto market is synonymous with whales, and ellon is one of them. with his statement accepting crypto and finally releasing crypto, made market sentiment move and he was already profiting from crypto. but I think it will recover by itself, so I think investors need not worry In my personal view he really does everything for the sake of making a profit, and I guess that's why so many people hate Elon Musk, related to that I agree the market will definitely recover but I don't know when for sure so it's better to stay calm I'm a capitalist, I love people who do things for a profit, including Elon Musk. So I can personally advocate for this not to be the case. The reason I hate Elon is he's a narcissist, troll, and petty public figure who started spreading Covid denialism when he was unhappy about not being able to make his cars without Covid protections for workers. He's unhinged, as evidenced by his picking a fight with a British journalist and calling him a pedo on Twitter, which has led to a lawsuit that I hope gets him hit with a mutli-million dollar judgement for slander. But as far as him making profits in the companies he runs, I'm all for it. |
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Apparently they're getting into trouble with their solar roofs project. Someone's filing a lawsuit. They do seem to have a talent for pissing people off, heh.
Not any different from other big companies out there, I think pissing off people should be a natural talent for companies to make it big. Never heard of the lawsuit with the solar roof projects but I have heard that they had problems with people in Texas near their Spacex planned basecamp. As a former stock holder of Solar City, I can speak personally to the fact that Tesla took that company out for a song and under extremely problematic circumstances for shareholders. First, Musk's cousin ran Solar City and so the deal was rife with conflicts of interest and Musk even knew it which is why he promised not to vote his shares for the merger, but even so, it was well-known that he was lining up large shareholders behind the scenes to push the deal through and it went through specifically because of his insistence. |
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For stock investing I haven't learned or bought stocks, so for now cryptocurrency investing for me is still superior to stock investing, since bitcoin and altcoin prices have gone up like crazy, many stock investors have started to switch to investing in the cryptocurrency.
Pretty much agreed with this. Stocks are for boomers. Crypto has the real gains. The world is not what it used to be anymore. The time has changed. Stocks gain how much at best? %7? These are rookie numbers. Dogecoin went up by like what? 10000%? Now that's what I am talking about. That's how you make money. Now defi is also a thing, the whole stocks market will probably operate on ETH anyway. Why resist the tech? Those stubborn boomers have to die because they are going nuts on crypto lately. We won't have a crypto based economy any time soon unless the retarded boomers disappear. Wow, you've got some pretty skewed views about investing. Thinking that crypto can only go up is pure folly. Expecting crypto to always return like the few exceptions that break the mold is even worse. These returns aren't typical, and crypto isn't really investing because the valuations are based on nothing but group think. Because the values are arbitrary, you're just gambling. Also, stocks average 10% annual compound returns, but there are always stocks that fly far higher. Berkshire has returned more than 390,000% since 1976. There are periods in 2020 where certain tech stocks have blown bitcoin out of the water over the same period, especially with bitcoin's current pullback. Saying that stocks are for boomers is just admitting how much you don't know about the financial system or how it actually works, and it's attitudes like this that cause actual investors not to take the crypto world seriously. They're not wrong to have the perception that crypto is mostly a bunch of unsophisticates who got lucky. |
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If you're operating in US jurisdictions (i.e., taking money from people living in the US or otherwise using the infrastructure of the US financial system), you're subject to the jurisdiction of the US government and US regulations. If you don't like that, don't operate in US territories. It's as simple as that.
They can put a disclaimer that US users are not allowed in their platform, but doing KYC for every user is not practical (as far as I know, Binance ask for KYC only of the daily trade volumes are above a specified limit). Putting up geography-based IP blocks doesn't work nowadays, because users will simply use a VPN. I would like to see how the exchange reacts to demands from the SEC. At least some of the charges made by the SEC will not stand in the court, and this legal battle will go on for at least a few years. The report claims that some of the accounts received as much as $100 million in funds. In that case the KYC is clearly done here and if something is wrong with the transactions it is the duty of the law enforcement authorities to investigate it. I don't think that Binance is responsible, unless the authorities have specifically warned them to freeze these accounts. Lmao, KYC on every customer is not only practical, it's required. AML requirements go far beyond the SEC. The requirement comes from the Bank Secrecy Act and the USA PATRIOT Act, which are way more serious and less forgiving than a civil action from the SEC. If you're violating AML laws, you'll be dealing with FinCEN, not the SEC. |
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ETH, XRP and almost any coin in existence did not followed this model and instead sold their coins, this makes it a security and while the SEC has not taken action against all icos they do not have to, they are not going to waste their time with coins that are so small, they will go against the big coins and since many of those coins are centralized then they can easily destroy them if they want.
If all ICOs are securities by definition, SEC should have just banned ICO. Tell all exchanges that operate in the US to delist ICO tokens, prohibit running ICOs in the US, etc. You can't run a small unregistered IPO and not face the consequences, doesn't matter if you raise $1,000 or $1,000,000 - a scam is a scam. So why should ICO get a free pass? The law should be consistent and clear. Being an unregistered securities offering doesn't automatically make it a scam, it just makes it an unregistered securities offering. It's not illegal because it's a scam, it's illegal because it was not complying with the laws. The laws were made to protect people from scams, but also from idiots who don't really know what they're doing. |
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 If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank. #Bitcoin is down 4% today. But next few months BTC could pump 400%. Pump or dump, storing your money in crypto beats saving up in the bank. Only if your intention is to speculate and not preserve wealth. As you mentioned, bitcoin is down 4% today. Do you know how frequently the USD is down 4% in a day? Never. That's the difference. People who understand that bitcoin is nothing but speculation understand the true risk of putting all your wealth in a speculative asset. That's why even the most bullish crypto enthusiasts who are actually wealthy advocate for maximizing your crypto exposure at only a few percentage points of your wealth. |
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