Apparently, parcels in Brazilian Amazonia are now for sale.. on Facebook ads. The largest are several futbol fields in size. This has been pointed out by some local leaders that actually live on those parcels in the State of Rondia, well deep into the continent


I wonder how do they target the audience? Perhaps people who search for "destroying Earth" o "I hate trees" o "kill legally"?

The reason is that I am discussing valuation on this one. I know that for you strategy and valuation may be the same thing, but for me they are not. You will notice that comments are quite different.

I read it in a couple of outlets.

I think that, strategically, Coinbase is making a move towards a) assuring the big investment firms that they are a serious and fully compliant company and b) protecting themselves, in the sense that it is much more difficult to ban or act against a company once some large investors have a stake on it.

In terms of profitability, Coinbase business revenue is based on fees for trading, thus they intend to catch the tailwinds of a progressive increase in criptocurrency trading during the next few years. People should understand this if they intend to invest: You are NOT buying a bitcoin derivative, but a derivate of the volume of bitcoin (and other) trading.

Now that I think about it, it could even be a hedge against a unlikely takeover of bitcoin´s dominance by some other crypto asset.

They have effective filled to conduct their IPO, date to be set.

Bill Gates showed a dislike for purchasing bitcoin based on the same arguments that Warren Buffet uses: They invest in companies that manufacture products. Which is a curious thing to say when Microsoft basically sells services, but anyway, is this enough to turn the BTC shorterm?

I think that Microsoft is loosing the train once again and that it will take them quite a bit to come back, which they will. I guess that on the end, they are a Dow Jones company and not a NASDAQ one.

As many know, Coinbase has filed for an IPO date to be decided. Currently it is accessible only for large clients on NASDAQ private market. The current valuation for Coinbase is around 77 Billion, and it is not the biggest player there. If it were to succeed, it could bring other exchanges into the public offerings games.

Article here.

Big corporate clients would be willing to enter the ecosystem if there were sufficiently assured. They are not going to use Paypal, but they can use a large exchange that is focusing its efforts on providing that assurance and developing products that aim for the large clients. This is the point of interest on Coinbase taking further steps to comply with regulations, including those for public companies, which are particularly demanding.

Coinbase is following a very solid strategy for a long period of time and I think is going to work in favour of the ecosystem in a greater measure that those 5 minutes - which will be there of course.

The basis of the system is a martingale which is not a good start at all. It could potentially work if you can slightly change the odds in your favor by means of a superior knowledge of the sport or teams, in which case you would not need to apply a martingale anyway.

This sound like a loosing system, although you were lucky.

It helps to think as it a gold, you can potentially use it for transactions, at least in Utah , but it does not make much sense to do so unless it is a large amount.

It also helps to think of it as diamonds in times of war. You have your keys, you can carry them around, you do not depend on a bank or a state to back it... just consider that you were a doctor in Siria 5 years ago. You have some bitcoin - even on a exchange. You leave your country with your family and whatever you can carry in your car. The mafias strip you of whatever money you have on you and you manage to get to e.g. Germany. If you want to survive now you need either diamonds, which could have been stolen from you at this point, or you keys.

This concept was popularised by Warren Buffet and Charlie Munger. Each person has area of thing "they know", e.g. if you work in computing you will know ´bout programming, networks, systems and the like.

In investment, the rule is "stick to your circle of competence", just do not invest in things you do not understand.

Linked to this is the Dunning-Kruger effect - when you thing you know something and you have understood a problem, but you really have no idea.

Is bitcoin in your circle of competence or are you Dunnin-Krugering around?

I think Europe and UK should be making an effort to surface all hidden betting. It is going to happen anyway and taxes would be welcome by the current COVID stricken economy.

Ya lo he mencionado en otras ocasiones, pero JP Morgan hará lo q los clientes de JP Morgan le pidan. Por ahora están investigando como funciona realmente el mercado de bitcoin y con lo primero q se han encontrado es con Bitfinex y el Tether. Los reyes de la manipulación del mercado son perros muy viejos.

No todas las empresas son iguales, algunas son como iconos de la era y sus CEOs tienen seguidores y notoriedad. No es lo mismo q compre Oracle q si lo hace Ferrovial. A ver q tal se da.

Warren Buffet was once asked something like If earning money with Berkshire Hattway (his company) is so easy, why do you think that so many people loose money on stocks, his answer was "because nobody wants to become rich slowly".

disclaimer: not financial advise, I am long BRSK.

For me is too late to become rich without much effort, I have already done too much effort in my life.

Not about ATH, am I just saying that your system works while the price goes up in the long term. That has been the case until now, but that does not mean it will be like that forever.

Perhaps it will happen the same thing as with gambling... state by state they will all approve and make America High Again. (AHA)

Facebook has reached and agreement with the Murdoch Group and there will be many others. While Australia gets away with the tax, Facebook has used the opportunity to enhance its competitive "moat" by reaching agreements that will keep away possible small challengers. It will only benefit the big on the end.

Hi, just in case someone does not know yet, Coinbase is going public. See an article here for more stuff.

I think that the BTC environment will benefit, as I mentioned in a post in Economy, but I think is worth a Serious Discussion one to see what people think

Coinbase has filled the paperwork to become a publicly traded company. Contrary to other exchanges, that operate with a certain secrecy even "in the dark", Coinbase had followed a compliance strategy focused on gaining the trust of the traditional finance world that allows the company to now file to go public. This paves the way further for the institutional money to enter the BTC world.

Edited to add link as per some user´s request.

That would be good, however most legislation that looks like would damage the incumbents (Facebook, Google, big media,...) actually has the oposite effect: raising the barriers to entry of the smaller companies.

We can´t and we should not. There are many people that are not familiar with bitcoin yet they can participate from the ecosystem by using funds and such. I would not even consider doing that myself, since to all risks involved I would also be adding the agency risk (the change of the agent going down or robbing), but there are many who will join the ecosystem and that will benefit us all.