It would not surprise me if some institutions actually want MSTR to these institutions can own Bitcoin indirectly. Basically owning Bitcoin is considered risky but if they buy MSTR they can own it indirectly. So this way they don’t need to worry about custody. And MSTR already was out for many years so people trust it.
The more people that buy MSTR the more shares they will issue and more Bitcoin they will buy. And the cycle will keep repeating over and over again.
Exactly. That's especially true where there are no BTC spot ETFs available (BlackRock's application got rejected yesterday, with SEC claiming the filings were inadequate). In such case, some institutional investors, who are not allowed to invest in crypto directly, can view investing in MSTR shares as a proxy for investing in BTC. But I wonder what would happen if they scaled down their other operations and become mostly a Bitcoin holding company. Will SEC allow that? |
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Gambling for fun is more about self-control. If you know how to manage that emotions, then you are good to go
and you are not going to be prone to any addiction as you use the place to sort some entertainment.
The question is, why would you choose this form of "fun" over infinite other options that do not require you to risk your assets at unfavorable odds? If one has enough self-control, then you'd expect them to make sensible decisions, including the choice of activities they do for entertainment. And if someone is engaging in gambling only when they spot an opportunity where they have a mathematical advantage - then they should approach it in a cold and calculated way rather than get carried away with emotions of "fun". |
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The concept of Bitcoin ATMs is great, but only as long as you can use them without KYC requirements. In such case, customers who care about privacy could accept relatively high fees. Otherwise I see no real purpose in using ATM, if you could just use an online exchange instead, as the ATMs would always have higher fees i.e. due to the costs of maintenance and electricity.
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A short article from yesterday. It doesn't really say why, in SEC's opinion, application filling was inadequate, but I think it's obvious that SEC just doesn't want spot BTC ETF to happen. I think the price actually dropped by almost 4%, but rebounded back to above 30k levels, so no major impact as of yet. Bitcoin Drops After Report SEC Says BlackRock Spot Bitcoin ETF Filing Inadequatehttps://www.barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-58d478b2Bitcoin dropped Friday following a report that the Securities and Exchange Commission said filings for a spot Bitcoin exchange-traded fund from BlackRock and others—which have recently buoyed crypto prices—were inadequate.
The price of Bitcoin has dropped 1.5% over the past 24 hours to $30,250. The largest crypto fell from $31,000 to as low as $29,600 after The Wall Street Journal reported, citing anonymous sources, that the SEC has said a recent wave of applications to launch ETFs that hold spot Bitcoin, or the token itself, were inadequate.
(...) |
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... czemu nie aplikujesz do zadnej kampanii (wg sygnatury takowej szukasz)? Pojawilo sie ostatnio kilka ciekawych.
patrzac na aktywnosc @adamvp chyba nie ma duzych szans na jakąś dobrą kampanię, brak ciagłości, duże przerwy pomiędzy postami @adamvp lepiej pisac mniej a częsciej niz duzo i rzadko ale pewnie to Wiesz i problem to brak czasu, mam podobnie, na szczęscie jestem w kampanii i to motywuje mnie (zmusza raczej) do pisania codziennie Tak zapytałem sugerując się tekstem w jego sygnaturze. No chyba że chłop jest tak zajęty że nie ma czasu zmienić. Co do aktywności, myślę że wystarczyłoby mu popisać trochę przez tydzień/dwa i miałby spore szanse. Zielony trust score na pewno mu pomoże. Sam wróciłem na forum po chyba dwuletniej przerwie i dostałem miejsce w jednej, potem przeskoczyłem do drugiej (lepiej płatnej). Czasem wystarczy dać krótkie wyjaśnienie w poście aplikacyjnym. Managerowie to też (czasem) ludzie i rozumieją że w życiu są różne sytuacje. |
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Its scary if they started to take profit from this, well this is how rich companies do nowadays, and those who holds more can have a great power and influence in the future. This might be one of the reason why the price pumps, and hopefully it will start from here. If they will hold half of the Bitcoin supply, that can be more scary for sure let’s see what’s their real goal for this one.
If they continue that route, Microstrategy's stock price will be very highly correlated with the price of bitcoin. In a way, they could become something like an unofficial Bitcoin ETF. Which means shareholders don't necessarily have to sell bitcoins, that are held by the company, but instead, they could just sell a portion of their shares (or they could issue new shares). I think the real threat is not them dumping for profit, but rather them having no choice but to sell when Bitcoin's price goes dangerously down. |
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Obviously, but I don't imagine you would need to instantly convert bitcoins received from every single transaction? Especially when we're talking about small-value transactions, as you said the larger ones are not much of an issue. Unless your liquidity is at a very low level, you could just wait with conversion to fiat after at least a few transactions, effectively reducing transaction fee costs.
And if your liquidity is low, just look for a way to build up some cash reserve, that could solve your profitability problems, reduce costs as well as save you some time.
As a business operator, you must avoid to make on-chain transaction when fee rate or gas price is high or very expensive. You must have your business reserve in cash or stable coin to keep your business operations and to proceed transaction, payment for your customers too. If you don't have reserve, you will have to go with on-chain transaction and accept to pay very expensive on-chain transaction fee. That's essentially what I said. It's not economical to instantly convert any income in bitcoins received from small purchases, but if you can cumulate income from say dozens of small transactions, then paying a transaction fee (even if it's much higher than usual) could become trivial. Especially when the alternative is to not make sales at all. |
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As far as I recall, my first Bitcoin purchase was a piece of land because we were living in a squatter area. When you live in a squatter area, you never know if you'll be forced to leave the next month because the area is being used by the government. That is what I am concerned about. That's why I got a land because it's also an investment; I'm very grateful and surprised that I can buy a land with Bitcoin income. I'm grateful to Bitcoin because it's the reason I'm where I am now.
> illegally occupy property, because f**k government, private property and capitalists. > save tons of money from not paying rent and utilities. > use that money to buy private land, like a true capitalist. You sir, are a genius. Respect. |
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I choose to hold my bitcoin for long due to the high volatile nature of bitcoin,it is better to use it as an asset or a store of value.
I understand this sentiment, but even those who look at Bitcoin only as an investment could use it to buy things. Sooner or later you'd want to cash in into fiat (even if just a portion of your holding), and probably use that fiat to buy different goods, so it would make more sense to buy such goods with bitcoins directly (if such option exists) rather than sending it to exchange and pay fees to convert etc. This should be cheaper and saves time + increases Bitcoin adoption, making it more valuable. |
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I would say, My dream is to hold at least 21 bitcoins in my wallet. For me it's a lot of money, and I hope to achieve this goal before pursuing other objectives. I know that this sum may not be really a lot for wealthier members in this forum, but it would truly be an extraordinary accomplishment to have such a great amount of BTC in my wallet.
21 btc is, at the current price >$600k, that's a lot of money even in the richest parts of the world. It's probably not enough to retire (unless moving to a country with low costs of living), but hardly anyone would describe it as "not a lot". And not to make fun of you or anything, but that's a silly goal to have. There's nothing special about having a particular number in your wallet. I'm sure you'd much prefer to have just 1 btc worth $1 mil, than 21 btc worth $10k each. So if your goal is to get that magic number of 21, you should be rooting for Bitcoin to do bad and lose its value, because then your goal would be easier to achieve. |
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I know Nigeria has one of the biggest bitcoin markets in Africa because many Nigerians especially the youths are embracing it. But bitcoin awareness is low among those between the ages of 50 and above. Many of them might have heard the word Bitcoin but I can attest that they know little or nothing about the currency. In the rural areas, many people have not even heard the word Bitcoin. As many members have said, most of the content on these social media space is staged to achieve an objective. But no doubt bitcoin awareness is increasing every day even among the elderly.
You're not wrong about Bitcoin being popular in developing countries, and I was surprised to discover that, out of all countries in the world, in 2020, it was Nigeria, that had the highest rate of the population actually using crypto: Cryptocurrency is most popular in countries in Africa, Asia, and South America compared to Europe, North America, or Australia. In Nigeria, for instance, 32% of people (roughly 1 in 3) surveyed in 2020 said they use or own crypto. source: https://explodingtopics.com/blog/blockchain-statsIn the same time (2020) some survey showed that the rate in US was only 6%, so quite a big difference. Of course, such surveys are not always very reliable, and a lot could change since 2020. |
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I don't get it. If you sell goods, it would be the buyer who would get hit by high tx fees, not necessarily you. So why would you drop selling any low value items? If customers are happy to buy them regardless of the extra costs, let them. I still need to use the money I get from a sale to buy more of the products or pay my own bills for the services I provide. So I need to spend all those tiny inputs and I end up paying the same as the customers has when I need to use the money I earned! Obviously, but I don't imagine you would need to instantly convert bitcoins received from every single transaction? Especially when we're talking about small-value transactions, as you said the larger ones are not much of an issue. Unless your liquidity is at a very low level, you could just wait with conversion to fiat after at least a few transactions, effectively reducing transaction fee costs. And if your liquidity is low, just look for a way to build up some cash reserve, that could solve your profitability problems, reduce costs as well as save you some time. |
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good old germany   Australia is not 32% for long term capital gains. You actually get a 50% discount on capital gains tax for assets held longer than 12months. Based on your marginal tax rate. Depending on which marginal tax brackets you are in, your paying 16.25% / 18.5% or 22.5% And for the UK, 45% is the highest tax band. So looks like this chart represents some worst-case scenario or something. |
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What am I even reading here? Looks like we no longer need Elon to hype up the coins, now we have "experts" trying to do just that by "predicting" which coins will capture his interest. This is getting ridiculous and needs to stop. I do not consider Elon Musk a specialist in the cryptocurrency market, and therefore I am almost indifferent to his advice and predictions. It's quite difficult to be an expert in several different fields these days. His large fortune allows him to treat cryptocurrencies as a hobby, and he uses this to attract the attention of millions of people. The article you linked, which I quoted above, was not even about any summary made by Elon Musk (as you suggested), but it was just speculation on which coins could grab his attention in 2023. So essentially an attempt to use Musk's name to hype up some coins without his active involvement. |
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Chronic addicts will do anything to get money just to gamble once there is no other way to get the money, once there is no one they can trust to lend to, once there is nothing left to pawn or sell.
You reminded me of a story of a guy who had a small but profitable company with something like 10 employees but ruined it completely by taking money from the business account to fuel his gambling addiction. He killed his only source of income to chase some quick wins and a dopamine rush. Sad. and gamble just for fun because I think going to casinos is fun. It's not something I do often, as my current financial situation doesn't allow it. But there's something about the casino environment that I find energizing, and it's not unlike going out to a nightclub and spending a few bucks to have a good time.
What's the most appealing part of going to a casino that is the most fun for you? Are you sure you're not a victim of casinos being purposely designed in the most flashy/energising way just to lure you in to separate you from your money? I'm sure you could find some other, more meaningful, and equally fun activities that do not involve losing your money to the house. If your close family or friends are struggling with gambling, it's important to do what you can to guide them to a path of recovery. Some online resources that can help: - Gamblers Anonymous (www.gamblersanonymous.org) is a well-known organization that provides information, resources, and a 12-step recovery program.
- National Council on Problem Gambling (www.ncpgambling.org) provides a variety of resources, including a chat service and a helpline.
- Gambling Therapy (www.gamblingtherapy.org), which provides forums and support groups for individuals dealing with gambling addiction globally.
Play safe and responsibly!Thanks for sharing. |
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Well, stocks aren't at all prudent during critical periods like the one we're going through, because they're a roller coaster and they're not a safe haven for any reason, on the contrary. A company can go bankrupt at any moment and the stock plummets or they find the CEO in his underwear running down the highway and the stock plummets...gold can't go through that unless a gold meteor the size of Kansas it hits us in full ... at that point the problems will be others.
That's true, but I wouldn't be putting all kinds of stocks in one bag. Certain types of stocks can perform quite well even during uncertain periods, although yields don't tend to be too high on those. What you're describing is more true for overhyped growth stocks, where a large percent of the value is based on high hopes of future developments, rather than on actual current value and results. And publicly traded companies don't go bankrupt overnight. You will have many signals and warnings before that happens. |
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okazuje sie ze najbardziej hejtowany stablecoin jest najmocniejszy, mnie to cieszy, to na prawde dobre info dla krypto (o ile prawdziwe)
dziwne ze nie mozna zaudytowac ich jakos dokładnie, od tylu lat widzimy rózne raporty a zaraz potem komentarze ze sa one nie oficjalne, przeprowadzone wewnętrznie przez
No i tu sie nasuwa pytanie czy rzeczywiście USDT jest tak mocny, skoro nie miał nigdy prawdziwego audytu i wszelkie raporty o zyskach są produkowane przez nich samych. Cała krytyka nie może brać sie z nikąd i napewno jest w niej trochę prawdy. Krótkie podsumowanie problemów z USDT tutaj: https://coingeek.com/is-tether-a-scam-think-twice-before-using-usdt/jestem ciekaw jak by wygladał rynek BTC/krypto gdyby nie było stablecoinów?
Stablecoiny nie istniały zawsze, rynek bez nich wydawał się działać całkiem dobrze, zważywszy że był w fazie "dzikego zachodu" bez żadnych regulacji. Oczywiście wolumen był wtedy od groma niższy, i sporą częsć rynku stanowiły totalnie nielegalne giełdy oferujące tylko wymianę krypto-krypto. Ale gdyby stable zniknęły teraz, to napewno nie byłoby to dobre i odbiłoby się negatywnie na cenie. |
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That's a topic with potential, brings back some memories.
I can't remember exactly which purchase was my first, but I think it was a mining contract at bit-miner.com. Of course, purchases of some altcoins were among the first as well. There was also a website (I can't recall its name) that was selling some sorts of shares in various projects, some of them would pay dividends etc. Obviously it was all unregulated with zero protection, all based on trust.
As for physical items, if my memory is not failing me, I think it was some USB memory sticks, which I didn't really need, but just wanted to buy something with BTC and there was quite large computer equipment online store in the UK that just started accepting bitcoins.
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