In a sense then, MicroStrategy was in a favourable position (until they got too long and to much closely resembling an ETF, which may piss out SEC regulators) to show the way to others.
I think the SEC will be overstepping bounds if they get involved on account of this. Microstrategy is making the required filings, isn't holding itself out as an ETF, isn't trying to be an ETF... I just don't see the basis for the SEC to get further involved. Also, the SEC has been pretty cautious about over regulating crypto, so I don't think they're particularly likely to insert themselves into the situation at this time. |
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World top some company Holding 10000+ Bitcoin  I'm not familiar with some of these names on here, but Microstrategy is one of the few that actually owns the bitcoins they hold. Entries like Grayscale or Mt Gox own bitcoin on behalf of others, so there's no conclusion to be drawn from them holding it. |
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There is no reason to convert your Volatility coins into fiat when we already have stable coins like USDT, USDC and DAI, I'm sure many people are just realizing that now, USDT is the most popular stable coin and some have a bad feeling about the stable coin because it's centralized, the fact is look around you, even decentralized coins aren't safe
I think people have a bad feeling about it because it's not transparent, no? Centralization isn't inherently a bad thing. The thing that makes something untrustworthy is an inability to understand how it functions, whether it's centrally run or not. The fact that no one can verify USDT is backed by anything is what makes it risky. |
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A 20% de facto devaluation of the dollar has occurred this year: Almost a fifth of ALL US dollars were created this year.And what's left to come. The price of bitcoin does not depend only on supply and demand. It also depends on the appreciation or depreciation of the currency with which it is compared. With the current times, much more currency is going to be printed and much more is going to be devalued. Seeing the price in fiat getting higher and higher, demand is going to increase due to FOMO. See you on the moon. History is littered with people looking at a complex situation in only two dimensions and thinking they cracked the code and identified a “sure bet.” It doesn’t always blow up in their face, but it sure is satisfying when it does. |
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Yeah,but the "lockdown guy" Joe Biden will become president next year.
So a new wave of lockdowns might begin in 2021,causing a new wave of unemployment.
I'm beginning to think that the US and the global economic crisis will be W-shared,or even WWW-shaped.
This means that the first crisis will be followed by a fast recovery and a new crisis right after the recovery.
We don't know how the economy will react to the increased inflation+increased debt levels,caused by the money printing and stimulus packs due to the recession,after the pandemic ends.
Joe Biden is the “science guy,” as in he said he’ll listen to what the science dictates. Trump is the “death president,” in that he doesn’t care how many Americans die as long as he doesn’t lose money because the economy is shut down. Trump is highly leveraged and doesn’t have the cash to pay back his loans in good times, let along when the economy is in the dumps because of the pandemic. That’s his only motivation in keeping the economy open. Meanwhile, a 9/11-worth of Americans are dying every day because of it and he still has convinced the dumbest part of the population that this is just about freedom and not Trump making money. This is why the adults in the room pushed for trump to put his investments in a blind trust, so he wouldn’t have such blatant conflicts of interest between himself and the good of the nation. |
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So does this means that the trading Volume of bitcoin will decrease? If more buyers are just to hold their Bitcoin and no using it at all for it's main purpose then it will not be different from other metals like gold and silver which has low volatilty, and I think it isn't healthy at all in the trading in field.
In one sense, the more people that lock up bitcoin away from exchanges, the shallower the supply pool of available bitcoin gets. The shallower any asset stock is, generally the more volatile it is because there is the same number of people chasing fewer available pieces of the asset, and the more the price can swing. Pools that are very large and very liquid generally are not as volatile because of just how much money is required to move the market cap substantially. An example of this is small cap stocks are generally more volatile than large cap stocks. But I do think there the market cap is reaching a size where crazy swings will be on the decline. It'll be interesting to see what happens as more companies lock up millions of dollars of bitcoin at a time, and whether that increases or decreases volatility. |
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both are different and in my opinion it is not debatable, gold has a much more stable value and is also a real thing that we can see while bitcoin has an indeterminate value and we can only see it as a number
The only reason the value of bitcoin is more volatile while the value of gold is more stable is because gold has been around for thousands of years, people trust gold and a huge amount of money is already invested in it while bitcoin is a new technology that was developed only 10 years ago and that only now institutional investors are coming to the market and have begun to buy, once a great deal of the population of the world adopt bitcoin its value will become more stable. Gold is quite volatile as week compared to fiat in the short term. The USD has lost value slowly and predictably, nowhere near as volatile as gold is on a semi-regular basis and definitely nowhere near any crypto ever at any point in any of their histories. |
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It also depends on specific state, region and specific field of business, that we're talking about. I know couple of spheres, where employers don't have vacant places for the new potential workers, and knowledge companies which don't know how to deal with the lack of employees...
In our country, the employment rate has risen during the lockdown but since the new normal focuses on E-commerce and virtual jobs, many have found another source of income online. Despite the pandemic, people will always look for ways to survive. I believe that we'll continuously adopt the new normal and we'll all know how to grab the new opportunities that the situation could offer. With such large and sudden disruptions to employment, there isn’t time for the economy absorb all the unemployed into other jobs or for people to retool to the new economy. The economy has always changed and people (on a macro scale) have always adjusted, but it’s always been slow and gradual. The mass unemployment we see now is the result of the scale and doors of the disruption, and there are no easy fixes to that. |
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This original topic was posted in March 2019. Was there even a financial crisis back then? I can’t think of what “financial crisis” OP was even referring to. The world we live in today is so vastly different than whatever prompted this post nearly 2 years ago.
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This is good news for us, as it is another step in the normalization of bitcoin, and even more so for institutional investors, who are behind the recent rise in bitcoin prices and the recent new ATH. As Michael Saylor said, when the FOMO enters the institutional investors' minds, the price can go to the moon, and we haven't stopped seeing news lately that point in this direction.
Then there is another thing, the more standardized the use of bitcoin is among institutional investors, the more it will help adoption among the general public.
Institutional investors aren’t prone to FOMO like retail investors because retail investors are generally (and literally in the eyes of the law) “unsophisticated.” I think it wrong to say it doesn’t exist at all, but expecting FOMO to guide institutional investors actions to a large degree (and especially anywhere near the extent it drives the average person on these boards) is great folly. |
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If a business was to do this they would have some kind of insurance against the opposite (worst) happening.
Otherwise you are very exposed to go underwater and maybe drown.
Perhaps you can find a suitable hedge. Im not sure what else even compares to bitcoin that tangibly.
Always up sounds like a prayer, not a guarantee.
Businesses aren’t in the business of gambling so it’s unlikely they would do this. Things like Microstrategy are the extreme exception, not the rule. Further, history is littered with examples of individuals who took on debt for a sure bet and got rekt because of it, and honestly they deserved it. |
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If the US dollar collapses, the price of bitcoin is going to be the least of everyone’s concerns. It will likely skyrocket, but your gains are moot in an economy where everything has gone out the window and there’s now political and social unrest on a wide scale.
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There may be several reasons for this. In general, of course, cash is less traceable than cryptocurrency. Also, not all criminals are well versed in cryptocurrency. Therefore, they are simply afraid to use it. On the one hand, they are afraid that they can be identified, and on the other hand, that they will not be able to cash out the cryptocurrency in the end.
I believe that first of all it is necessary to take into account the fact of what kind of criminal business we are talking about. If we are talking about the sale of weapons or drugs on a large scale for millions of dollars, and not retail trade, then it is possible that the cryptocurrency is used very successfully. But in retail, all customers are unlikely to be familiar with cryptocurrency. This is because when you need to transact illegally through anonymous channels, you're not as concerned with price fluctuations of the currency as you are with the transactions being anonymous. Retail consumers care very much about the price fluctuations of the currency they're transacting in, which is exactly why bitcoin is currently one of the worst currencies for commerce. It simply cannot hold a stable value, and nobody can have any confidence what it will be worth next week, which is the primary function of a currency- to hold a stable and predictable value. |
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And what can Go wrong? Its just money If I borrow from bank its created out of nothing so If I loose it then it was just bad business. Nothing personal just business. But the rewards will be so great!! And banks now giving out nice money  Lol, what goes wrong for the economy as a whole is not much. What goes wrong for you personally for defaulting on a loan is much more severe. Bankruptcy, seizing of your other assets to pay the loan, etc. The rewards of borrowing money may be great (not will be great) but the damages for reckless behavior may also be great. |
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As a result many individuals are beginning to see Bitcoin as a safer investment than its counterparts.
It's true that more individuals and corporations are getting involved and adopting btc for one reason or the other, but mind you that it doesn't still make Bitcoin a 'safe haven investment', nor does it take away it's volatile side, Bitcoin is on a very interesting spike atm, and I hope most of the newcomers to the network wouldn't fright when there's a minor fall in price. Exactly, Bitcoin is still driven purely by speculation, but it's the type of thing that is a self-fulfilling prophecy. If enough people believe it is a safe haven investment and a hedge against inflation, then at some point it actually does become true. Perhaps that is why the maximalists are so rabid on this message board, it's a matter of willing themselves to be correct if they can force enough people to believe what they believe. |
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The extremely limited data point doesn't prove anything. The claim that the debate is "settled" is reckless considering you've started at an arbitrary point, ended at an arbitrary point, and have an extremely limited amount of data in support of the claim. You can make the data "prove" any point you want with such disreputable tactics.
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At the end of the day, unless you are buying from a reputable medical institution then it is unlikely you will be able to get a real coronavirus vaccine and someone might be injecting you with any old rubbish. I don't know of any medical institutions that accept Bitcoin so you might as well give up on the idea and just wait in line to be notified by a government agency for when it is your turn. Stay safe, keep washing your hands regularly and wear a mask in any public indoor locations to lower your chance of catching it.
Exactly. If someone is trying to sell you a vaccine for bitcoin, run-don't-walk in the other direction. It is mind-numbingly easy to discern the difference from between a real vaccine distribution point and a scam one. Your doctor - real vaccine. Any place your doctor directs you to for the vaccine - real vaccine. Eventually, CVS and Walgreens and other pharmacies will have the vaccine. However, clicking on any ad on the internet about the vaccine - likely fake. Any place that requires you to pay for the vaccine in cash or bitcoin - definitely fake. This isn't rocket science. |
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Kevin O'leary talked about getting into crypto in 2013, then talked about how it was all a bad investment, and now bought some bitcoin himself. Do not really be worried about what these big financial heads say, because one thing they say today could be something they disagree with tomorrow and they could switch back and forth forever.
Moreover, we are talking about a world where we are not really making a huge profit if we only listen to certain people. We have to realize that these people are not talking based on facts or any data, they are talking about it from the perspective that makes them the most profit, they will never agree to say anything that will lose them money. Hence I doubt anyone should care about them nor should the price be affected by them.
It's like you're unfamiliar with the concept that people can change their minds or that ideas evolve over time as more information becomes known. 2013 was ages ago in the crypto space. Bitcoin could be both a bad investment at the time when looking at everything as a whole and a good investment now. Just because you make money on something doesn't mean it was a good investment, it just means you lucked out. You can bet your house on black on the roulette table in Vegas and win, that doesn't mean it was a good investment. It just means you got lucky. |
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Before everyone starts circlejerking all over how great this is for bitcoin, you should recognize that such a system would be a competitor to bitcoin, not necessarily enhancing bitcoin value. It's built on the promise of digital currencies and blockchain generally, not bitcoin specifically, though bitcoin has demonstrated the use-case invariably. I don't know that it would bring any tangible benefit to bitcoin specifically, but I think it would bring further legitimacy to digital currencies as a whole, of which bitcoin could potentially be a beneficiary in some capacity, though how much specifically would be hard to gauge.
And what's wrong with it if there is a project that could be a competitor for bitcoin? I even think that it's great, competitiveness is great and we shouldn't just stick with bitcoin. If there is something "better", why to stick with "good"? And if there is something "the best", then why to stick with "better"? Nothing to say about "good". But in this case I wouldn't say that their currency is "better" and bitcoin is "good". I am against any currency that's created and owned by the government, it makes no sense for me. It's just a cryptographic form of their fiat but is far from bitcoin and similar cryptocurrencies, where the currency is decentralized and everyone is their own bank. I'm not a bitcoin homer myself, but I think people like us are in the vast minority on these message boards. I'm interested in the technology, I'm not interested in having cryptocurrency overthrow the world order and become extremely valuable because fiat has collapsed and brought about the predictable social, political, and economic unrest that would invariably accompany it. However, most people on this board only care about getting "rich" off crypto no matter what that entails, and god save your soul if you have a legitimate criticism of anything crypto. A lot of the maximalists here really can't handle anything other than total agreement with their desire to have crypto overthrow fiat. |
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We are thrilled to finally have covid-19 vaccines ready to be released on the market for the use of millions of people to prevent the virus. We are glad that the vaccines have been successful and some people have been injected as a test. But what if even the vaccine that was really necessary for the safety of our health is fake? And you can buy it with your Bitcoin? A recent report by Checkpoint Research has shown there has been an alarming increase in the amount of fake COVID-19 vaccines available on the dark web. Anybody, who is able to solve the mystery of the dark web, can order and purchase these fake vaccines...but by paying in bitcoins. The concept of paying through bitcoins, and not traditional money has made tracking these transactions harder for the experts. "When researchers communicated with one vendor, they offered to sell an unspecified Covid-19 vaccine for 0.01 BTC (around US$300), and claimed that 14 doses were required. These fake vaccines are being sold in the name of leading pharmaceuticals and are being priced for nearly $250 and above. "The range of medicines advertised by these vendors is extensive, from ‘available coronavirus vaccine $250’ to ‘Say bye bye to COVID19=CHLOROQUINE PHOSPHATE’ to ‘Buy fast.CORONA-VIRUS VACCINE IS OUT NOW’, and we have no way of knowing whether these are genuine," the post reads. https://www.wionews.com/world/fake-covid-19-vaccines-surge-on-dark-web-research-349804Paying bitcoin for the covid-19 vaccine is really good if it is not a fake vaccine and hopefully the government will allow it so that people who want to buy the vaccine have options. Also, be careful everyone and be observant to avoid the fake vaccine because for sure it has a detrimental effect on our health. Jesus christ, the people attempting to buy a vaccine on the dark web are getting exactly what they deserve- a dangerous concoction of god knows what with no oversight and no recourse if something goes wrong. You have to go far out of your way of common sense to even be in a position to be hurt from something like this, so anyone who is ultimately really earned it. |
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