Nice brief summary of some btc value propositions ... https://cointelegraph.com/news/in-the-eye-of-the-beholder-what-gives-bitcoin-its-value-in-2021“Bitcoin is rotating this year from the old insight narrative which is, it’s an uncorrelated speculative asset traded by retail traders on off-shore exchanges with leverage that’s kind of cool,” Saylor said in a December 2020 interview with HyperChange. “It’s rotating to a new insight, which is it’s the world’s best long-duration investment-grade safe-haven treasury asset,” he added.
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1T market cap today maybe? That's $53668/btc if I did the math right.
We are there, amazing. |
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1T market cap today maybe? That's $53668/btc if I did the math right.
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do you remember on this worldwide COVID-19 crisis in 2020 and onwards?  there is a strong evidence from an research of an scientist of the University of Hamburg that the source is the Wuhan laboratory. +++ 17:31 Hamburg researchers: there are indications that coronavirus comes from the laboratory +++ The Hamburg nanoscientist Roland Wiesendanger compiled various findings from scientific studies, articles, reports in social media and other sources in the period from January to December of last year and comes to the conclusion: The pathogen Sars-CoV-2 is not of natural origin, but comes from a laboratory in Wuhan. The physicist cites the following points as evidence for these theories: - To date, no so-called intermediate host has been identified that proves according to the "zoonosis theory" that the coronaviruses were transmitted from bats to humans.
- A research group at the virological institute in the city of Wuhan has carried out genetic manipulations on coronaviruses for many years with the aim of making them more contagious, dangerous and deadly for humans.
- There were significant safety deficiencies in the virological institute in the city of Wuhan even before the outbreak of the coronavirus pandemic, which are documented.
- Against the background of these and other factors, Wiesendanger writes: "In summary, it can be said that there are very many indications that a laboratory accident at the 'Wuhan Institute of Virology' appears to be by far the most likely cause of the corona pandemic."
You can read more about this shortly on ntv.de. it took a whole year to collect all points for evidence: https://www.researchgate.net/publication/349302406_Studie_zum_Ursprung_der_Coronavirus-PandemiePeer reviewed, no? not yet. it's brand new and not all is translated to English. give the scientific community some time and that will be the bomb for something we cannot imagine yet i guess. EDIT: there was some evidence from other sources in the past too but I was cautious with my conclusion and confident the truth will come to the light sometimes in the future. If it was peer reviewed it would have been vetted and reviewed BEFORE publishing. That's the point of peer review, to keep from publishing wonky science, not address it after it gets published. |
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LOL, No-one said taking it out in a panic is the way to do it.
Do it as close to a top as you feel comfortable with.
Best out of context read today. |
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Is $50k near?
Looks like another attempt today. |
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There are pros and cons to both. Most will tell you to keep your own wallet.
The biggest con for keeping coins on any exchange is that you don't have the keys they aren't your coins. They can get hacked, mismanage/embezzle/exit scam, or access is coincidentally restricted on high volume days, etc.
The biggest con for keeping coins in your own wallet is that you really have to be security aware and also make absolutely sure you have all the information you need (keys) to access your coins. The site is littered with stories of folks who've lost their keys and could be billionaires today if they'd just remember them, etc.
And those fancy 3rd party hardware wallets can get hacked too. Ledger got hacked a few months ago and everyone who had bought one in a certain time frame had their emails and physical addresses put on the dark net. No keys so no one could get coins from it but there's also the very real danger of criminals exploiting your personal info to get your keys. There are kidnapping syndicates that target high worth individuals and their families.
There's also the liquidity issue. So you've got coins in your wallet you want to sell for fiat. Maybe these weren't mined by you, someone sent them to you. Every USA exchange you go to is going to require KYC (know your customer, basically they want your confirmed identity) and it is very possible they will refuse (or be required to refuse by law if some factions in the regulatory agencies have their way) to receive the coins at all because they can't verify the full chain of those coins, i.e. they want to avoid being party to money laundering. So now you've got the coins but no way to sell them.
There's several other pros/cons for each scenario. I personally change my mind on this every once in awhile.
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Not necessarily a good thing. It's good as it continues to signal growing WS interest, but also potentially dangerous: fuckery with derivatives has brought trouble to btc price. We've all seen it. I would have liked it much better if the funds had got the go-ahead for direct bitcoin exposure. it would have been one more Michael Saylor, so to say. We need more of those. Many more. This, "fuckery with derivatives" is bad penny that keeps turning up (or the bankers keep trying to turn it up). Would be so nice if all these new financial "products" were required and verified to be backed 1:1 with btc. |
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Anyone know someone up high at the NY Philharmonic Orchestra? When this COVID thing is over I think I want to donate money to them. In return I want a full concert performance of the song "The wheels on the bus go round and round"....
All verses.
Call their donation/info line. Tell them you want to donate $100,000. They'll do whatever you want. Music is hurting bad right now, especially classical which wasn't doing real well even before the pandemic. Most of those top tier players can barely pay rent and that's by taking on outside students. I guarantee they'll be happy to play for you all day long. |
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Page parity? I missed it! But that's awesome, that was the milestone that I was waiting for. I don't know why and I don't know for what, but there it is. DCA continues.
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Merry Christmas everyone!  |
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Man, I wish btc would do something.
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This guy thinks institutional investing may offer natural protection of bitcoin presumably because gov't will be less inclined to mess with them as compared to retail investors. He also thinks mass adoption won't occur until btc becomes the worldwide monetary standard. https://cointelegraph.com/news/institutions-will-protect-bitcoin-from-government-overreach-erik-voorheesIn Voorhees’ view, the real surge in institutional interest will occur near the peak of the next bull market when not owning Bitcoin will inflict reputational damage.
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I've been contemplating somethig recently. We all expect that 2021 will be incredible for Bitcoin. May be the price will cross 50K, 100K, 200K, or even more. With that in mind, wouldn't it be better if I take an unpaid leave of absence from my work for 1 year and go to some exotic island with no internet and tv. My work spot will be reserved, so I have no worries for that. I could just put some sell orders between 50K and 500K and when I return, I will discover what happened. In this way, I will avoid the emotional decisions and selling too much too early. Sure, if you have the resources to do that go for it. Might be your last chance to live a truly unconnected life for awhile. |
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