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@Darker45. This is why I speculate that Kucoin will begin to become stricter on their users and have adviced to avoid it for the time being because users might have a difficult time on withdrawals without warnings or announcements. Also now Huobi.
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I share your enthusiasm. It does seem like things are lining up for a great 2021, go BTC. Many of my friends are now talking about BTC, and they don't even know I own some. LOL
I am afraid that similar to 2017, when your friends begin asking about bitcoin and they want to begin buying it, this might be the first signs for the whales to begin dumping on them hehehe. |
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@eaLiTy. However, after El Cucuy's painful loss in the fight vs. Justin Gaethje, this is giving the fans with more questions in his confidence and his skill. He was not only defeated, he was broken by Justin for the first time in his career.
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Have I mentioned how much I hate Cam?
He has single handedly made me hate football this year.
Hehehehe who will not be the Patriot's quarterback on 2021? Immediately I like the following for Sunday, but I'm gonna think a bit deeper about it before placing a bet.
Cleveland +2.5
Washington +3
Miami +7
Tennessee -7
Is the defense of the Dolphins good enough to cover the spread? I have not yet checked the list of injuries for the Chiefs, however, I am very surprised on why this is only -7 for them. Should it not be more than -13.5? |
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If XRP is centralized, how come Ripple won't simply prevent him selling it?
The reason might be because there was an agreement that involved lawyers and papers signed. They needed to control Jed and at the same time Jed needed assurance that he can dump without legal repurcussions. Jed would never need permission if it was decentralized. |
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@adaseb. Similar to what you mentioned, institutional investors are like the people of 2017 who applied for personal loans, mortgaged their houses and borrowed money where they can to buy bitcoin to strike while the iron is hot hehehe.
However, the difference is the institutions have their corporations to issue debt to gamble on the market. We might also be tricked to think that this is adoption.
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Other than the potential drop nothing would really stop them taking loans against their funds to get more...
It's the same with defi though, you could stake 1btc and get 0.66 back in cash to buy btc again and get 0.44 in cash, 0.29, 0.19, 0.12, 0.08, 0.05, 0.03, 0.02...
Your 1BTC gives 2.88BTC exposure... But this is all leverage is - although this would cost 0.26 at 9% for a year in interest. Much cheaper than most if not all leveraged options out there.
Agreed. It appears that it is slowly being accepted to create bitcoin as something similar to ponzi schemes where investors put money in a hole of a black box and more money comes out from the other hole hehehe. |
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Whoever bans crypto currencies can quickly become irrelevant. Stuck with their burning fiats.
I seriously hope its not my country.
France is already been on fire for about 3 years, what's left?
Certainly might be good to get the coins stowed away for now.
Agreed. However, they would not ban bitcoin and they might ban Monero because transactions cannot be traced. The government can use the terrorist funding storyboard on it and order exchanges to delist it. Also, the government controls the banks and the exchanges need banking partners. I reckon the cat and mouse game is only beginning. |
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If Michael Saylor was not a billionaire, he might be like this bitcoin newbie who is loaning cash with his credit card, taking personal banking loans and asking friends and family for cash to gamble on bitcoin hehehe. Business intelligence software company MicroStrategy has announced it is offering $550 million worth of convertible senior notes and intends to use the net proceeds to buy bitcoin.Source https://www.theblockcrypto.com/linked/87120/microstrategy-550m-convertible-notes-bitcoin |
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I am not certain what the terms are for the bitcoin collaterized loans, however if it is allowed, what will stop the whales from using their bitcoins as collateral to loan the cash to use to pump bitcoin? The skeptical me thinks this might be its real purpose. Fidelity Digital Assets will allow its institutional customers to pledge Bitcoin as collateral against cash loans in a partnership with blockchain startup BlockFi.
The target is Bitcoin investors who want to turn their digital stash into cash without selling, and potential customers include hedge funds, crypto miners and over-the-counter trading desks, Jessop said.Source https://www.bloomberg.com/news/articles/2020-12-09/fidelity-digital-to-hold-bitcoin-as-collateral-for-cash-loans |
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This might be only the beginning of stricter KYC in Europe and their war on anonymity. France is using terrorist funding as the reason why. The skeptical me speculates that the controllers of the traditional payment systems do not want a competition hehehehe. They want a monopoly on all movement of currency and value. I am afraid for Monero, however. They might order exchanges to delist or get a cease and desist. The French Ministry of Finance unveiled sweeping know-your-customer (KYC) requirements on all cryptocurrency companies operating in and servicing the country on Wednesday, a move that could ultimately strip the French crypto space of any semblance of anonymity.Source https://www.coindesk.com/france-kyc-crypto |
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@Darker45. This is part 2 on getting another approval with a fake identity on Kucoin. This time this is a very clear fake. He was using Taylor Swift's name and in his pictures he has a beard hehehee! He also has gotten approval for 1st tier on Huobi. The incompetence of these exchanges is comedy.   Source https://twitter.com/raindropactual/status/1336820474999955461?s=12 |
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@Twentyonepaylots. Agreed! Do the sportsbooks have this fight listed? This will not end on another draw hehehe?
In any case, I speculate that these boxing shows are organized to attract the fans back to the sport because boxing is dying. There is presently a growing audience that are watching MMA.
I am also skeptical because if promoters want fans back, they should organize real super fights like Terrence Crawford vs. Errol Spence or Tyson Fury vs. Anthony Joshua or Pacman vs. Floyd 2. However, they only create comedy shows, Tyson vs Jones jr. or Floyd vs Logan Paul hehehehe.
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In any case, there is demand from investors that want to invest on bitcoin but not direct exposure on bitcoin's volatility. The ETF is the only answer.
However, he is worried about bitcoin’s volatility and the regulators’ adverse response to it. “Every time I talk off the record to the regulators, because I talk to them all the time for various reasons, they’re a little squeamish on bitcoin, they are not quite there yet,” he cautioned.
O’Leary added, “When I can get this thing regulated so that I can put millions of dollars into it and know that I’m not off the side in any way. I’m not breaching anything … and it would be stable,” he affirmed:
If that was the case, if tomorrow morning we woke up and the SEC said you can create an ETF with bitcoin and we think bitcoin is a legitimate, you know, payment system and store of wealth, not only would it go up but you’d have a lot of people like me investing in it.
I don't get it. An ETF wouldn't guarantee stability at all, and would be completely exposed to Bitcoin's volatility. That's the whole point, actually. At some point I'm sure we'll see leveraged and inverse ETFs too. If you add MSTR to tradingview and compare it to BTC you will see the very close correlation.
Not surprising at all given the lack of BTC exposed instruments in the equity market and the scale of their investment. I speculated this would happen when they made their initial investment. Stability depends on what type of market something is on, I reckon. In a market where exchanges give everyone 100x leverage it will be very volatile. In a more regulated market where people are there more to invest than to gamble, it might have lower volatility. |
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@pooya87. Vaporware would be the best for the users hehe. Real data sold to government agencies for intelligence gathering, however, would be clearly be very bad for bitcoin as a currency. In any case, some comedy for you. Microstrategy made the list of bitcoinmagazine.com's Best Bitcoin Projects of 2020 hehehehe. MicroStrategy made waves this year when it announced that it had adopted a Bitcoin standard for its corporate treasury, converting more than $450 million to BTC at an average price of $11,111. It has since made two more massive bitcoin buys while announcing intentions on offering Bitcoin blockchain data products in the future.Source https://bitcoinmagazine.com/articles/the-21-most-influential-bitcoin-projects-and-companies-of-2020 |
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Sell orders at $22.73
Front running you at 20$ Jed McCaleb is front running everyone. How much more from his 9 billion to dump is left? Also, this is a good tactic by Jed to donate the money from sales of 2 billion XRP to charity. However, what charities? Charities that his friends control? Charities are also where billionaires put their money to avoid taxes hehehe. Stellar co-founder Jed McCaleb is taking advantage of high XRP prices while he still can. The former Ripple CTO received over 266 million XRP earlier this week and immediately proceeded to sell the tokens, on-chain data shows.
However, McCaleb did pledge to donate the proceeds of selling 2 billion XRP to charitable causes in 2014, so not all the money is flowing into his pockets.Source https://decrypt.co/50876/jed-mccaleb-immediately-sells-30-million-xrp-after-getting-266-million |
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@elonf. I reckon that your problem would need much effort in convincing Cloudbet. I am shaking my head while reading your post and asking how could you be very careless.
My best advice for you is to be patient while waiting for Cloudbet's decision. If you were customer support, you might also be shaking your head yourself hehe.
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I am shaking my head. Was VanEck telling everyone that more than 100 stocks' volatility in the S&P 500 are bad or are they making it appear that bitcoin is normal because more than 100 stocks are more volatile?
We should see the list of those stocks. Bitcoin is different because exchanges give everyone more than 10x leverage. Brokers of stocks are more regulated, I reckon.
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Also, this news. He might order his company to create blockchain analytics capabilites on bitcoin and sell the data to exchanges and maybe also the government agencies. However, yes I know no one cares if he pumps bitcoin hehe. MicroStrategy is in the early stages of developing what could become commercial bitcoin data products.
MicroStrategy is assembling a team to explore data and analytics products for bitcoin.
During his November 16 remarks, CEO Michael Saylor — who previously spoke with The Block about his and his firm’s perspective on bitcoin as a capital asset — spoke about the potential of building bitcoin-focused offerings into MicroStrategy’s core intelligence product suite.Source https://www.theblockcrypto.com/post/85310/microstrategy-bitcoin-data-products |
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These investment firms will bleed BTC price like hell. Once they see preset gains, they are gonna dump it.
Agreed. Microstrategy might also be forced by shareholders to dump and reduce its exposure on bitcoin because investment banks will begin downgrading the company, similar to what Citibank did. Citi has downgraded MicroStrategy’s stock today from “neutral” to “sell,” citing the company’s recent investments in Bitcoin as a major factor.
MicroStrategy, once a somewhat obscure business intelligence software firm, poured $250 million into Bitcoin this past August, and another $175 million in September, in deals brokered by Coinbase. Just last week, the company purchased another $50 million. In a press release yesterday, MicroStrategy revealed plans to sell $400 million in debt securities as a way to buy up more Bitcoin.Source https://decrypt.co/50798/citi-downgrades-microstrategy-bitcoin |
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