No es casualidad que tengan muchos institucionales. Coinbase ha tenido desde siempre una estrategia orientada a captarlos. Esto tiene un precio tanto en el nivel de cumplimiento legal como en lo que puedes y no puedes hacer con tu negocio. Logico que eventualmente produzca frutos.

None. A common man should be an investor and in fact many common man in the US have 401K (pension plans) which makes them investors, many people (like myself, a classic example of a very common dude) have some stocks or funds. The message here should be that the common guy should get at least a minimum of financial education. There is not "an investor type" and a "common guy", there are simply different degrees of knowledge and investing ability.

One of the main problems I have seem is that many common people have associated the idea of investing with gambling, even they use these as synonyms. This is the confusion we should address.

While the religious aspect of this line of thinking has faded, although you may want to take a look at how live these are in some regions such as the Bible Belt, the cultural aspect remains. In a way, it is similar to some Muslim countries and particularly some cities in which people are just moderately religious or none at all but women will still wear a hijab.

The origin was religious, the support came from those who would benefit from social order, social immobility and having others "work hard". The thinking is culturally still there and the support is still coming from the same groups.

Some teams just ain got it in them. If you watch basketball frequently you will see that there are two types of teams that have a chance to come back: the really great teams that have some much quality that they can turn a game at any time, and those that are very strong psychologically and never give up and have some special players that can take the reins and the responsibility when things are going south. Are your teams of this types?

Who says Barca is predicted to win? If there are really different odds on that game I am willing to put my money on Madrid. The Clasico is always a big unknown, there are a million things that could happen given the quality of the players, the epic, the motivation... I would not give other than 50/50 to any game between Madrid an Barca even in the worst moment of any of the two teams.

XRP has lost all the reputation and good will - not that it had much anyway ever. People tended to confuse XRP, which never had any realistic use or at least was not different from a privately issued currency with XRP Enterprises which had a bit of work -  again, not that it was  much - with some institutions. A currency living on "maybe" news cannot keep up the pace with true crypto.

A friend tried to self-exclude. It is just not possible, there are too many on-line opportunities. It is a much better option to join a group or get some therapy. An old friend of mine developed a big problem with slot machines and was able to recover successfully by asking others to help him out. As they say, when the fun stops, it is time to stop.

Absolute freedom is just impossible, our own nature as humans (well, I am partly and AI living on a cloud service, but that would take too long to explain ) and even our own nature as physical beings limited in space, time and sensory abilities set up a boundary to what we can do.

Many times people refer to "financial freedom" which is to, at least, be able to have a wide choice on what to invest your time. It is not much about earning and multiplying, but also about deciding to live with with what is really worth.

That is a very interesting argument, the only problem is that it has been the same argument used when bitcoin was at 1$, 10$, 100$, 1000$, 10000$.... do you follow me?

I admit that the growth is likely to be less in the future years as bitcoin is more mature and is gaining traction among institutions, however there are still many companies, countries and investors that do not have a piece of the pie and may be interested in having it. Even if they do not hodl, it contributes to the network effect that is one of the key drivers of bitcoin value. Price will follow value.

Regarding your arguments of people getting rich too soon, you should make the title "why not everyone can get rich with crypto". Not everyone will hold enough to be rich just like not all basketball players can be rich. Global productivity is a million years from being affected by "bitcoin rich" effect.


Kind of yes, the price of bitcoin in USD will grow as long as the politicians decide to print money. Do you see that not being the case?

How did the Archegos case happened? For those who do not know about it, you have a thread here. In essence, a Hedge fund manager(Bill Hwang) with a not very clean past was able to get x10 leverage on back-bench tech investments such as Baidu. The result is a loss across the banking system of $6 billion.

This would not be a complete surprise if it weren´t for the list of lenders: Nomura, Credit Suisse, Goldman Sachs, Morgan Stanley,...

Why did this happen and why bitcoin price may be affected in the future? Summarising what several outlets say, investment banks are not what they used to be. IPOs are no longer in trend and they have been replaced by direct float due to the hefty costs of placements (these sometimes fail, just like IPOs). SPACs also offer a quick way to reach listed status in significant markets.

On top of that, the banks, due to the 2008 crisis, are limited in what amount of their own capital can they invest. The trading has also become electronic at large so their ability to profit from that is also hindered. There are not that many ways to gain the bucks they used to.

To sum up, now they are forced to deal with hedge funds and highly leveraged instruments. This was what happened with Archegos.

And why may this be a concern for bitcoint hodlers?

- There is an increased interest from institutional investors and companies to take positions in bitcoin.
- There is and increased interest by exchanges to have these type of clients, that are more profitable than retail.
- There is a need by investment banks to play derivatives.

So, if Archegos could get leveraged enough to move the NASDAQwhen trying to undo its position, just imagine what could happen with a much narrower market (crypto).

Some people say that working is good and that it makes people better themselves, not just by giving means of living, but because it prevents them from doing other things, becoming lazy and living of others. This entails a number of second corollaries such as:

- If you do not work you are not a good person.
- Since work is good, the more you do the better.
- Working is the natural order of life and what "God wants". If you do not work you are "a sinner". (see here "protestant work ethic").




For those that may remain unconvinced by the shame, there is another positive construct based on ambition (I won´t call it greed): "The American Dream" - not exclusive from the US at all, it is just that it is better know by that name. The basis is "If you are talented and work hard, you can do whatever you dream of", and by the way you have to dream of a family and a big house in case you had any doubts.

This are quite simple concepts, appeal to the masses and are the type of simple answers to complex questions that seem to get grip in certain social groups.

Are any of these dogmas valid in developed countries nowadays? Is it better to interpret it as working for yourself rather than making effort to advance other people´s agenda?

Estoy seguro de q nos podemos sentir aliviados porque no solo hay gente mejor que tu (y casi q yo) sino también mucha gente peor que tu y posiblemente que yo. Hablo de lo que ha pasado hace una semana con Archegos.. Asique hoy las frases van sobre derivados y apalancamiento:

Liverpool has been doing quite well and Real Madrid does not seem to be at its best. However they tend to surprise on international matches and a quarter final match is possibly what they need to boost their competitiveness. Eibar might have been a test for the 3-4-2-1 system and it seems to be making the most of Benzema.

It is not impossible to find such opportunities, but in practice it would require keeping a good number of accounts open and these would not be on the main services that anyway do check each other frequently. Thus, you would need to have parked money spreaded across minority platforms and then keep a constant eye on these short of "arbitrage" situations which most likely will only last a glimpse. It does not look like an useful strategy and that is not even counting on the house figuring out and banning your.

There is a very clear case on how some gambling or lotteries help with social causes. The "ONCE" is the "National Blind People Association" in Spain. They organise an state authorised lottery every week and put profits into helping disabled people. One good employment that you can get being blind or having severe sight issues is selling this lottery tickets, but also the profits are reinvested in people with disabilities of different types.

I bet no one is going to be considering that PayPal has just used a dominant position in the payment space to jump into crypto trading? I guess that it will only be when 90% of crypto payments are done through PayPal and then it will be too late to stop it.

While I do not see this happening, the idea itself is quite inspiring. If we take example from Linus, you could potentially use an existing car and start tweaking around with it. The major difference here is that software is not in itself subject to patents (there are some cases in which patents have been granted in some countries), just to intellectual property. An electric car, particularly the batteries and control systems do contain plenty of proprietary stuff.

Another major moat that defends the carmakers are the factories that require immense investments. I can picture a 3D printed car assembled in your local workshop, but I cannot imagine it being competitive or having realistic mass adoption.

Lastly, safety and approvals would be a major hurdle. If it ever has any success, be sure the carmakers will bring the legal artillery on it.

Bitcoin ha creado millonarios, pero el dinero no lleva consigo el conocimiento necesario para utilizarlo sabiamente. El dinero amplifica lo que lleves contigo: si odias lo usaras para destruir, si eres adicto lo seras aun mas, si eres autodestructivo te matara. Si en ti esta poderle dar algun uso constructivo, construiras. Es como en la casa de Gran Hermano, lo que hay sale a luz.



Ayn Rand

El dinero es solo un instrumento. Te llevara donde quieras, pero no te reemplazará como conductor.

As many companies that want to skip the middle man, Coinbase is aiming to directly flotate its stock on NASDAQ. This avoids the heavy costs associated to conducting an IPO through investment banking, and since the shares are anyway being dealt OTC it makes sense and it is not as risky as otherwise might be for smaller companies.

Approval news and financial statements of coinbase.



Listing docs here.

Regarding the 100B valuation, it is doubtful at best and IMO speculative as perhaps all the cryptomarket I guess.

Gracias a DdmrDdmr y otros acabo de ver el post de Theymos sobre los NTFs.. leche esto hay que investigarlo...



Si, yo compre 329 aleatoriamente pero ya me quede sin bitcoins, asique ahora voy a vender todo mi ethereum para comprar mas... cuando bajen las fees