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1701  Other / Beginners & Help / Re: Can someone please ELI5 what is spot Bitcoin ETF that BlackRock is trying to... on: June 20, 2023, 01:28:36 PM
~snip~
Edit: it is veery strange to see a  pension fund buying bitcoin directly.  Probably theree is some specific legislation in their state to allow such thing, which is very weird and not common, even in us.
It is an exception

I haven't researched if that's the exception, but I don't think there might even be any particular rule that would prohibit pension funds from investing in Bitcoin or anything else when it comes to the US. We also have an example from Canada where a large pension fund invested $95 million in FTX, which only tells us that such funds have great freedom when it comes to the assets of their clients.

Ontario Teachers', one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection.
The fund said it invested $75 million in FTX International and its U.S. entity FTX.US in October 2021, and then another $20 million in FTX.US in January of this year, according to a statement.
1702  Economy / Economics / Re: SHED - Fed Reports on Cryptocurrency usage by US Households on: June 20, 2023, 01:16:52 PM
~snip~
No matter how greatly we speak about decentralised and stuff, the reality is, unless the government is friendly, nothing can grow.

You are not far from the truth, because the world is more or less in a tight shackle of centralization that tries to limit human freedoms and rights even more. Realistically, the more people in the world, the more the authorities have to tighten the hoop and set frameworks to control the broad masses.

If we are to be honest, we can conclude that they mostly succeed because people mostly do what the government asks of them. Given the current attitude towards cryptocurrencies in the US, we can say that this is likely to have some implications for investors, although it should be emphasized that the SEC does not focus its actions on Bitcoin but on CEXs and the altcoins market.
1703  Economy / Speculation / Re: Bitcoin Price, Where Next on: June 20, 2023, 01:01:33 PM
Only partly true — this is different because it's BlackRock — the biggest company to apply for an ETF. People are getting their hopes really high because of this, so this won't be a nothingburger if it gets denied.

As for the process duration, yes. But there will be a good amount of positive and negative rumours I'm sure.

Didn't Fidelity try the same thing a few years ago? If we look at data from the end of 2022, Fidelity has as many as $10 + trillion assets under management, while BlackRock has only $8.59 trillion. I agree that BlackRock has probably the best chance of being the first to launch the ETF spot, although there has been news that Fidelity will also enter the race, with its spot ETF and with the offer to take over Grayscale.

I just want to say that no matter what the decision will eventually be, all those years when the first BTC ETF was awaited and the fact that almost nothing serious happened when the first futures BTC ETF was approved certainly leave a mark on the average investor who does not understand why this time something should be different.
1704  Other / Meta / Re: Another birthday - how about an octogenarian club here? on: June 20, 2023, 12:33:25 PM
Happy 81st birthday to our oldest member who is still active in every sense of the word🎂🍾🥂

As far as I know, another member could join you in that club, although it seems to me that he is a little younger than you @philipma1957

1705  Economy / Speculation / Re: Bitcoin Price, Where Next on: June 19, 2023, 02:51:30 PM
I think in the mid term it's going to be quite simple I think — Bitcoin ETF gets denied, we go very likely down. Bitcoin ETF goes up, we very likely go up. We're going to get a lot of rumours and stuff that would make the market more volatile as it is.

I think we have long since become immune to news about ETFs, so even though it is now the biggest company trying to get approved, I don't believe that the market will react to a large extent negatively if the decision is negative. In addition, it is a process that can last a maximum of 8 months, which means that the decision could only be made somewhere at the beginning of next year, maybe only a month or a little more before the halving.



From what I've seen so far the "consensus" seems to be on a sideways market which I also agree with. There is a chance that in the coming months (Summer mostly) the market could see some excitement with some big rises breaking out into the $30k+ region but I still think this whole year is also going to be like 2022 because of the recession in the world that is not going to go away any time soon.

I don't know, summer in the northern hemisphere has always seemed to me to be the time when most people go on annual vacations and don't care too much about investing or trading cryptocurrencies. Therefore, it seems to me that the summer could pass as a very boring period, unless something super positive happens, although I don't see what that could be. Maybe Joe will say something like "I love Bitcoin" considering that every now and then he has some genius statement Smiley
1706  Economy / Economics / Re: SHED - Fed Reports on Cryptocurrency usage by US Households on: June 19, 2023, 02:20:05 PM
Personally, I was not surprised that people in the US live worse compared to a few years ago, but what else can we expect when we know what measures were implemented to suppress the pandemic around the world. Debts have obviously come due, but not only in the US, but also in Europe, which has a bloody war in its backyard as an additional weight, in the constantly present influx of migrants from Africa.

As for cryptocurrencies, we should also not be surprised that the percentage falls, and this is expected at a time when people are forced to sell to meet basic life needs, but also considering that most small investors generally want a quick profit, which means that they are waiting for a big bull run to invest.
1707  Other / Beginners & Help / Re: Can someone please ELI5 what is spot Bitcoin ETF that BlackRock is trying to... on: June 19, 2023, 01:03:29 PM
~snip~
A bitcoin etf is important specifically for institutions which cannot buy a bitcoin,  due to regulations.  For example, pension funds cannot buy bitcoin, but they can buy an ETF.

This would not be true, at least as far as the US is concerned, because there are cases where pension funds have even invested directly in Bitcoin. In my opinion, ETF is still something that will be used by those who want to trade with BTC, but do not want to have direct contact with it in the way that they have to directly buy and store it.

It is possible that the spot ETF would be something that will attract even more large investors, although for those who invest large sums of money in the long term, nothing but a non-custodial solution actually makes sense. The risk of hacking or some other accident is too great, at least in my opinion.

The Houston Firefighters’ Relief and Retirement Fund (HFRRF) made news recently when it announced it was investing $25 million in bitcoin and ether, marking what was believed to be the first time a U.S. pension fund had put cryptocurrencies directly on its balance sheet.
---
To be sure, the HFRRF was not the first U.S. pension fund to invest in crypto more broadly. That distinction appears to belong to the Fairfax County Police Officers Retirement System and Fairfax County Employees’ Retirement System, which in 2018 began investing in funds managed by Morgan Creek Digital that would eventually add up to a combined $73 million.
1708  Economy / Gambling discussion / Re: ⚽ UEFA Nations League final four ⚽ on: June 19, 2023, 10:08:53 AM
Unfortunately, Croatia once again missed a great opportunity, but I think that to win against the biggest ones you still need to play at a much higher level. I honestly expected a much better game by both teams with a lot of goals, but this new Spain is not yet as good as the one from the last European Championship when it beat Croatia in extra time.

Penalty kicks are always a lottery, and this time luck was on Spain's side. Still, being in the finals for a small country of 3.8 million people is also a great success, especially if we take into account all the successes in just over 30 years of existence of the modern Croatian state.
1709  Economy / Economics / Re: Lucky you do not sell to blackrock on: June 19, 2023, 09:54:45 AM
I tend to agree.
Also, Blackrock wouldn't be buying Bitcoin even if that ETF had been approved.
The point of an ETF is to be balanced for the issuer. Such structures operate in a risk-neutral way: money in from the customers, money out to buy Bitcoin. There is no need to front-run the customers trying to profit from directionality.

It definitely makes sense from a risk position, although the public's perception (or at least some people) is that BlackRock will suddenly buy some crazy sum of BTC and thus start a big bull run. What remains to be seen is how the market would react to the first spot BTC ETF in the US (if approved), but a few days ago I saw one video showing that futures BTC ETF recorded a significant decline in 2022 and 2023 compared to the years before.



Exactly mate!
The majority of the people in the market now are strong hands and I don't think that anyone who understands the bitcoin market will be selling at this time. What actually I'm looking for is slight opportunity to top up and I saw it at 24k.

This is probably the case, although it should always be remembered that past events do not guarantee that the same will happen again in the future. The only certainty that will happen is halving, but there is always the question of whether it can cause the same effects as it did in the past.



As far as I know, Blackrock is a large company that has large holdings of Bitcoins. Although others are wondering when the value of Bitcoin will plummet one day and suddenly its price will pump up in the market.
~snip~

As far as I know BlackRock doesn't own Bitcoin and it's not on any list of public/private companies mentioned in that context, but what makes you think that's the case is the fact that BlackRock owns a 6.76% stake in MicroStrategy which owns 140 000 BTC.
1710  Economy / Reputation / Re: Does The Spammer Tag From actmyname Stick Forever? on: June 19, 2023, 09:25:37 AM
~snip~
But there is one more thing that bothers me. I saw a lot of accounts marked as spammers by actmyname, those accounts were marked a long time ago, now they have changed and are no longer spammers.

Not that I'm going to go check your allegations about who is or isn't a spammer, but considering that @actmyname is one of the more respectable members of this community with an impeccable reputation, I have no doubt that every spammer deserved such a tag at the time they got it.

I initially praised a actmyname for taking the time to flag spammers, and making this forum better, but I was disappointed that actmyname didn't take the time to check whether what was tagged had changed or not.

I'm just going to tell you one thing, and that's real life that sometimes becomes a lot more important than any online activity. Just because someone doesn't have time right now doesn't mean they don't want to do something, and if you're so worried about it, maybe you can help him and make a selection of those members you think are no longer spammers.

Is it fair if the tag sticks forever? I'm just a newbie, honestly I'm scared to say this because it might result in someone flagging my account

Most members will not leave any feedback for no reason, and if someone does (and does it often) then chances are that they will not be a DT member for long. So you don't have to worry too much as long as you follow the rules of the forum.
1711  Economy / Economics / Re: Lucky you do not sell to blackrock on: June 18, 2023, 10:59:16 AM
A few day ago blackrock happy was buy cheap many btc in the market.

Where did you get such a conclusion from? The fact that BlackRock has submitted a request for a BTC ETF does not mean that it will suddenly start buying BTC, and considering that it is a spot ETF, the SEC has so far rejected every such request, and the deadline in which they have to make a decision is 240 days.

Now, you are regret to sold it to big company which will be resold back to you with high price in the next years.

I don't know who you are addressing with this post, but you obviously don't know how trading works - not all people in the world are exposed to the US market, nor do they sell through CEXs. I didn't sell anything, and I believe that most of the forum members didn't sell anything significant these days - in fact, I think that many took advantage of the dip and bought BTC.
1712  Economy / Gambling discussion / Re: ⚽ UEFA Nations League final four ⚽ on: June 18, 2023, 10:34:49 AM
The match between Croatia and Spain will certainly be special for Croatia for several reasons. The first is, of course, the great desire to win gold after success at the last two world championships, and the second is that this may be Luka Modric's last game for the national team.

In this regard, it should be mentioned that there will be around 25 000 Croatian fans in the stadium and that they will create a great atmosphere, and that a special moment will be in the 10th minute of the match when all the Croatian fans will sing a verse of a popular Croatian song that will be dedicated to Luka Modric. The goal, of course, is to try to convince Luka to stay playing for the Croatian national team even after the League of Nations final.

As for betting, I will again recommend the option of both teams scoring a goal with three or more goals in a match that has odds of around 2,4. For those who don't remember the last European Championship, these two teams played a great game that ended 3-3 in regular time, and there is no reason why it shouldn't be a game with a lot of goals today.
1713  Bitcoin / Bitcoin Discussion / Re: How to fight with FUD about Bitcoin on: June 17, 2023, 02:39:05 PM
There are a lot of so-called experts who either have some personal agendas or work for someone whose goal is to create public change about someone or something. Such people can only be fought with hard facts, but not in a way that we think that they will change their minds, but that others see how wrong they are, and if we succeed, then no one will take such people seriously.

~snip~
Now, I'm getting more concerned because he is spreading negativity in most of the questions. What can I do? Is there anything legal step someone can take, any foundation working on such issue? Or how can I invite him for a debate? I can simply put him on ignore but I'm also concerned about people getting wrong message. That's why I'm thinking something different.

You can try to report his posts as content that is inaccurate/misleading, and as far as I can see Quora has a report system. I'm not familiar with how their system works, but if you're going to do something about it, then you better try to go in the direction of making it impossible for him to do what he's doing.

You can report content or users that violate Quora's policies using the "Report" option in the "..." menu.
From the Report menu, choose the option that best describes the policy violation. Clicking submit sends your report to Quora's moderation team. Submitting a report through this channel is the fastest and most efficient way to get your concern addressed.
1714  Other / Beginners & Help / Re: Pirated Windows builds with crypto stealer on: June 17, 2023, 02:02:03 PM
You can buy a Windows license key for $9.
~snip~

You can buy it even cheaper if you look at the Goods board on this forum, noting that you should be careful because there are a lot of scammers who are willing to do anything for a couple of $ profits. But the question arises as to why people even pay for Windows if we know that at least version 10 was free to upgrade, and almost fully functional even without a license.

People have to completely forget pirated software if they do not want to infect their computers, and this is especially true for those who have crypto wallets on those same computers. A possible savings of a few dollars can mean a lot more loss if you download some malware that can empty your wallet.
1715  Economy / Scam Accusations / Re: User: Smith_94 here scammer and his telegram: @Smith4u on: June 17, 2023, 01:26:17 PM
@noorman0, you're welcome Wink

Flags are something that can be of help to those who browse the forum as guests, although some will still ignore any possible warning. I would personally go a little further and prevent at least Newbies from opening topics in the Goods board, but maybe even that would not be enough considering how easy it is to get 1 merit and become Jr. Member.
1716  Bitcoin / Hardware wallets / Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities on: June 17, 2023, 12:58:58 PM
If this is true, Ledger's "hardware" wallet is now - once attached to a computer - literally less secure than a hot Electrum wallet on the same computer.

I would agree that your statement is correct, because I think that Ledger as a company has long lost credibility, and after this latest "achievement" anyone who still uses any of their models should ask themselves how much risk they are actually exposed to. On the other hand, Electrum is open source, and if it is properly verified and installed, and if we have a computer that is not exposed to the risks of malicious downloads, then there is no doubt that Electrum is a better option.
1717  Bitcoin / Bitcoin Discussion / Re: Quote prices in Bitcoin or Satoshi on: June 16, 2023, 03:27:35 PM
@bitmover is one of the members who could help you with this since he has already created some useful tools that you can check out on his website -> https://bitcoindata.science/
1718  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is legalized, a dream of mine would come true on: June 16, 2023, 02:11:14 PM
Although many dreams of Bitcoin being "legalized" in their country, thinking that it would mean that everyone (or most) would start using it, I will just say that legalization in any sense does not necessarily mean that people will start using Bitcoin as a currency.

Just look at the example of El Salvador, where Bitcoin is legally regulated as legal tender, and data shows that even less than 20% of people in that country have used it or are using it. There are also many countries in the world where there is no obstacle to use Bitcoin as a means of payment, but few people will decide to pay for pizza or coffee with it.

If the OP got the chance to open a pizzeria in his city and put up a big sign "Bitcoin accepted here", and after a month nobody would pay with BTC, would he continue to believe in his dream or would he give up?
1719  Economy / Scam Accusations / Re: User: Smith_94 here scammer and his telegram: @Smith4u on: June 16, 2023, 01:18:01 PM
If you have previously seen this member's offer on this forum without logging in, I'm not surprised if you fell for a scam.
~snip~

That's why there are flags, because guests really can't see Trust feedbacks, but any flag that has enough support from DT members is visible to everyone who visits the forum as a guest. If you log out and visit the link from the OP, you will see that the scammer has a very clear warning above his topic.





^^
Unfortunately, it's not only newbies, but many veteran members do not read the rules and don't know how this forum works. Many of these veteran members have been scammed here but they didn't have the guts to talk about it in public.
~snip~

There are those who don't read the rules, but there are also naive ones who really don't think for themselves. A few months ago, an old-time Legendary member sent me a PM thinking that I had contacted him via Telegram and wanted to buy his account, which of course was a complete lie. Being a veteran on the forum does not necessarily mean anything special, because there are many Legendary/Hero members from the old era who still act like beginners.
1720  Economy / Speculation / Re: Bitcoin - how low will we go in 2023? on: June 16, 2023, 10:45:13 AM
The price has fallen in the last few days and it did not look good, but currently it is going up again and I think there is a reason for that. The world biggest Assetmanager will submit an application for a BTC-ETF. I mean BlackRock. And I know BlackRock holds a big stake in MircoStrategy.
~snip~

I read that news in WO yesterday and I have to admit that it could be considered a positive sign, because today it was confirmed that an application has been submitted for a spot ETF, and we know that such an ETF has not yet been approved in the US. However, as I already wrote in the WO post, the SEC can extend the decision up to 240 days (if something has not changed in this regard), but if BlackRock succeeds, then it would be great news, after which the halving would follow.

It seems to me that it would be an explosive combination, which means a more than clear sign for a new big BTC pump.
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