@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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This is an old article I just read. Everyone should read it also. I am afraid that we have become very distracted because of the billionaire hype and the pump to all time highs. We might have forgotten about more concerning news on bitcoin. I like the pump, I hope it does not stop, however, this should also be concerning.  Crypto wallet providers aren’t the only companies adjusting to the prospect of a more stringent regulatory environment. Two of the largest Bitcoin mining companies in North America, Marathon Patent Inc. and DMG Blockchain Solutions Inc., recently joined forces to create the Digital Currency Miners of North America (DCMNA) nonprofit trade group, the first North American mining pool with a legal entity. Together, they're pledging to only process transactions that comply with American laws.Read in full https://www.vice.com/en/article/k7anmv/the-era-of-government-friendly-bitcoin-miners-is-here |
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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.
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This appears that Michael Saylor and Elon Musk were only the beginning. I never gave much consideration to the prediction of $100k, I am a realist. However, with more billionaires pumping this, I might need to adjust my imagination on where the present bull market might end hehe.  Mexico’s second wealthiest man, Ricardo Salinas Pliego, has just changed his Twitter biography to Bitcoin. He joins the ranks of many rich folks who brandish their allegiance to BTC with pride in their bios, including MicroStrategy’s Michael Saylor, Skybridge’s Anthony Scaramucci, and, for a brief spell, the world’s richest man, Elon Musk.
Salinas is the founder and chairman of Grupo Salinas, a Mexican media and retail conglomerate comprising TV Elektra, the country’s second-largest broadcaster, and Grupo Elektra, a home appliance and electronics retailer.Read in full https://decrypt.co/56900/mexicos-second-wealthiest-man-changes-twitter-bio-to-bitcoin |
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I have not seen this movie mentioned, titled Bookies. This is about 3 college students who always lose in sportsbetting but created their own sportsbook in their dorm room. This might be a similar story on how some of the sportsbooks began in the cryptospace hehe.  |
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@orions.belt19. It can be argued that they might invest in bitcoin with their cash on hand if Apple was not looking for a partner automaker to build the Apple car. However, it is also speculated that Apple wants to buy into an automaker and get an ownership stake with it. This will require all their cash on hand within their control before they can commit this to other investments, I reckon.
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Yeah, I better be buying instead of making the announcement. What an idiot!  Ah there will be plenty more opportunities to buy, its just the dips will be higher I suspect. Agreed. However, most newbies’ reactions to this is to buy other cheaper cryptocoins. Ethereum would certainly be the first receiver of discouraged bitcoin buyers hehe. In any case, the next bear market will be an intruiging one if considering that Tesla is also a bagholder. |
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Hehe that would be a good story, however, it will certainly not happen. Apple is busy looking for automakers as partner with and to build its Apple car. I reckon they will not invest their billions in something that does not produce anything.
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@South Park. I predict Brady after witnessing how this game was played by both of the teams. If it was a much harder game for Tampa Bay it might be different. I reckon Gronk or someone from the defense like Shaq Barrett. There were only 2 MVPs from the defense in the last 10 superbowls, however.
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It appears that this is game over after the sack and the interception. I am certain that the Chiefs are presently shattered psychologically and emotionally already.
Congratulations to Tampa Bay bettors out there.
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