I mean the Warren Buffett who has made more than $1 billion from investing.
Just remember, he didn't get rich by gambling on common shares bought through stockbrokers. He got rich by buying controlling interests in companies, restructuring them, and returning them to profitability. Agreed hehe. He did not get rich by gambling on speculative investments. However, I was not talking about him as a person or how he made his wealth. I was talking about his investment experience and his advice that we should be fearful when others are greedy and greedy when others are fearful.This is good investment advice. If you do not agree with this, that is your opinion. |
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@Vishnu.Reang. I reckon government might shutdown Tether similar to their takedown on Liberty Reserve. It would be money laundering and RICO cases on the people involved. This is their only way to stop bitcoin’s bull market and their excuse to impose stricter regulations. I speculate that Bitfinex might not be the only exchange involved. May 28, 2013— -- Internet bank Liberty Reserve is being charged with laundering $6 billion in suspected crime proceeds, including the illegal profits from credit card fraud, identity theft, investment fraud, computer hacking, child pornography and narcotics trafficking.Source https://abcnews.go.com/US/black-market-bank-accused-laundering-6b-criminal-proceeds/story?id=19275887 |
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This is precisely what I have predicted. However, my mistake was I thought it would be implemented in America and by European regulators first hehe. This is only the beginning. The regulators will use fear tactics and FUD on you. They do not want us to have 100% control on how to invest your own money. They want to filter which group of people can invest in the cryptospace. They only want professional banking and finance people and the wealthy. They want the cryptospace to become their playground. They do not want you. They want you to stay poor!  Thailand’s Securities and Exchange Commission (SEC) will conduct a public hearing this month to gauge what qualifications should be imposed on retail investors opening new cryptocurrency trading accounts.
According to a report by the Bangkok Post on Sunday, the regulator is concerned for investor safety amid the recent meteoric rise in cryptocurrency prices and the resulting flood of sign-ups to local exchanges.
The regulator aims to determine if new crypto investors have enough experience and are in a financial position to absorb the risks associated with cryptocurrency trading and volatile price swings.Read in full https://www.coindesk.com/thailand-sec-regulator-public-hearing-crypto-qualification-investment |
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That's it. He has become a full McAfee.
I hope he keeps doing this and have his fun.
The SEC will probably have to interfere at some point.
The cryptospace has become a playground to distract everyone from the real story behind him and his company, Tesla. Tesla has been summoned by Chinese regulators and to stop a dump on the stock, what does Tesla do? The company buys bitcoin which might be as a distraction and copies a trick from Michael Saylor. However, Tesla should be careful. From 2 of bitcoin’s last bubbles, the present bubble might begin to collapse on December, 2021. Will Tesla dump before that occurs and make the bubble burst before December? |
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@Cryptotourist. I would have said the Grin bull market is upon us 2 days ago hehehe. However, everything begun dumping yesterday with presently more and bigger dumps today. Grin’s price will certainly depend on how much the miners dump now.
Where do you live? Let me send you a parachute to make the landing easier hehehehe.
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It appears Elon Musk has trolled the Dogecoin community. This might have also caused the number of bagholders to increase which might also cause an increase in the number people in the Dogecoin community hehehehe. In any case, this might also only be a distraction from the bad news that Tesla was summoned by Chinese regulators for consumer complaints on quality. The skeptical me also thinks that the summon might also not be just caused by consumer complaints. There might be more behind the story.  If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.Source https://twitter.com/elonmusk/status/1361094185412100096 "Chinese regulators summon Tesla on quality issues as consumers complain about quality ... but $TSLA bought $BTC," the Scion Asset Management boss tweeted, using the tickers for Tesla and Bitcoin. "In my mind's eye, so much #digitalconfetti."Source https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-questions-tesla-bitcoin-dogecoin-bubble-2021-2-1030059706 |
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Has everyone begun buying this in secret or has everyone dumped everything? I do not see the excitement for this pump hehehe. I hope no one has jumped off from a cliff without a parachute hehe.
I don't do cliffs any more.  
My original plan before launch was to start accumulating about now but not so sure anymore.
Hey I get it, but it turns out that you were right. Perhaps you should stick to the plan. It appears that everyone should have stayed with the plan and began accumulating on $0.25 on November. I am not 100% convinced, however. I want to witness Grin during a bear market. Those miners’ wallets are presently very fat, I reckon hehehhe. |
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I am not telling everyone that the transaction volume alone will make Binance Smart Chain the Ethereum killer, however, matching Ethereum’s transaction volume while maintaining low fees might cause developers to rethink on their Ethereum dapp roadmaps and continue development on Binance.  Binance Smart Chain (BSC) is starting to match Ethereum (ETH) on some key network numbers—but it’s all dependent on one single application, according to DappRadar’s report published today.
“In January BSC reached new heights in terms of transaction volumes and unique active wallets. If the trend continues in February, BSC might become the number one blockchain in terms of transaction volume,” the researchers summarized.
In January, the total transaction volume on BSC amounted to $15 billion. This is up considerably compared to previous months.Read in full https://decrypt.co/57420/binance-smart-chain-is-starting-to-rival-ethereum-heres-why |
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@kjlimo. The skeptical me thinks that he only wants Tesla stocks to pump similar to Microstrategy stocks hehe. Also read my post. Similar to what Michael Burry has said, Elon’s bitcoin move might only be a distraction from Tesla being summoned by Chinese regulators. I am also skepitcal about the summon. It might not be really about consumer complaints.
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@mindrust. It might also because the government cannot create a serious case to implicate and takedown tether. Bitfinex might have hired the best lawyers. In any case, I might have determined the real reason why Janet Yellen wants to curtain bitcoin and other cryptocoins hehehehe. The bitcoin sign guy caused this!  |
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The first North American Bitcoin ETF has been approved! However, it has been approved by and will be issued in Canada hehehe. This might prompt the United States regulators to begin approving ETFs in their jurisdiction also, I reckon. I might be pessimistic about Apple investing in bitcoin, however, I speculate that Apple might invest in a bitcoin ETF. The first publicly traded bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator.
According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission (OSC) was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions.Source https://www.coindesk.com/first-north-american-bitcoin-etf-approved-by-canadian-securities-regulator |
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@JimboToronto. No, I mean the Warren Buffett who has made more than $1 billion from investing. He is certainly wrong about bitcoin, however, he is not wrong on giving that advice. You do not agree that we should be careful? You do not agree that the market will become a bubble?
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@snipie. Warren Buffett has said be greedy when everyone is fearful, be fearful when everyone is greedy.
This might be the time to be fearful. Everyone is beginning to act irrationally like there is no bear waiting in the wilderness and ready to pounce when everyone is not ready hehehe.
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I support the argument on hedging against fiat currency, however, does anyone also remember that person on CNBC who shilled XRP and showed everyone how to buy on Poloniex? This is certainly a different situation but this news article also made me remember Brian Kelly hehehe. It might be the time to be cautious.  CNBC personality Jim Cramer has turned bullish on bitcoin balance sheets in the wake of Tesla’s $1.5 billion buy.
"I think it's almost irresponsible not to include" bitcoin on corporate balance sheets, Cramer said on CNBC Tuesday.
"Every treasurer should be going to boards of directors and saying, 'Should we put a small portion of our cash in bitcoin?' It seems to be an interesting way to hedge against the rest of the environment," he said.
"I think it's an alternative to having cash position where you make absolutely nothing," Cramer said. The verdict on bitcoin: "Nice hedge against fiat currency."
Cramer has previously endorsed MicroStrategy's bitcoin treasury reserve. He called CEO Michael Saylor a "gunner" he wouldn't bet against during a mid-January episode of "Mad Money."
Cramer, who said he owns bitcoin, has previously advocated for the cryptocurrency as a hedging instrument.Source https://www.coindesk.com/cramer-bitcoin-balance-sheet |
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@Theb. Agreed! However, from bitcoin’s price today, how much is it to maximize their returns? Triple the price? I speculate Tesla is expecting not less than 5x profit from the trade. This might only be beginning. Other billionaires are also beginning to consider bitcoin. The bear market will be intruiging, however hehehe.
They won't look at how much percentage gain they will have from their Bitcoin investment but they might just look at their investment if they are in fact earning anything out of it. We are talking about the cash reserves of the company meaning they are only using the extra funds lying around in their company without any use that is why most companies are using it to invest in assets to "maximize returns" but when the time comes these companies who have invested their cash reserves have financial trouble or have decided to expanded or just needed the money for other projects then they can pull out anytime without even thinking about maximizing the returns. That is how a company works and I don't think companies who have invested in Bitcoin are planning to hodl their position for a very long time. I reckon that maximize returns implies that Tesla will also dump anytime in case the investment does not maximize returns.Also, this news. Michael Burry is short on Tesla. This might be biased opinion, however, he was right on the big short of 2007. 'Big Short' investor Michael Burry says Tesla's $1.5 billion bet on Bitcoin was a distraction
"Chinese regulators summon Tesla on quality issues as consumers complain about quality ... but $TSLA bought $BTC," the Scion Asset Management boss tweeted, using the tickers for Tesla and Bitcoin. "In my mind's eye, so much #digitalconfetti."
In other words, Burry thinks Tesla may have timed its $1.5 billion purchase of Bitcoin to distract from its China troubles.Source https://www.businessinsider.com/big-short-investor-michael-burry-questions-tesla-bitcoin-dogecoin-bubble-2021-2 |
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News are coming that Apple is going to buy cryptocurrency.
I am sorry but I couldn't see that from the article you shared so please change the title of your thread as its misleading and kinda clickbait. It's just about speculation what would happen with Apple stocks if they decided to add cryptocurrency services to their wallet and that "Apple could supercharge its move into the crypto industry by buying $1 billion in bitcoin for itself, the analysts said, adding that it could attract more users to its Wallet-based exchange and likely lift bitcoin's price". After news of Tesla investing 1.5 billion USD in bitcoin we are going to hear similar speculations about other top companies, building up a hype. Agreed. Also, the bitcoin news media outlets that are hyping Apple are insulting their readers’ intelligence. They only want your clicks and your attention. Everyone who reads business news knows that Apple is looking for a partner automaker to build its Apple car. They would also know that Apple might not go into a partnership without buying an ownership stake of the automaker company. This would imply that Apple will need every dollar in their treasury until a deal is made. |
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Now they are flocking to Bitcoin.
While most of these billionaires and millionaires in the past question the decentralization and the anonimity of Bitcoin, now they are a proud investor. Some are still holding their past belief while others are secretly investing. If they believe at it earlier, we are racing now to $150K, for sure.
What do you reckon turned them into billionaires and millionaires? They take a risk and gamble hehehe. They will always flock wherever they can take advantage of the situation to make money. This bull market today is that situation. |
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I do not think that a downtime this long has occured in the past on the exchange. According to Binance, there was a disk issue in one cluster. Binance also mentioned that it will be fixed shortly. However, it has been 2 hours. Should this be concerning or is the skeptical me being anxious again? Disk issue with one cluster. Will be fixed shortly. Thank you for your understanding.
Should not have sent the last tweet. Slapping myself now.Source https://twitter.com/cz_binance/status/1359691526511595520?s=21 |
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@Yamifoud. The billionaires who are shilling Bitcoin might also be similar to the ordinary investors in this forum. They buy bitcoin quietly then shill it to make the price pump hehehe. Is it not what we do?
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Echo....
We were lazy. I was lazy. We never made the needed preparations for this bull market. I wanted to compile a list of grey market exchanges and their email addresses for listing inquiries last year. I always procastinated on this until I forgot.  |
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