BitcoinBunny
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Far, Far, Far Right Thug
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January 12, 2024, 04:53:25 PM |
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Jim Cramer and these ETFs need to stay well clear of BTC. All a bunch of trouble that isn't needed.
If you want BTC, there are avenues to get it. These ETFs are just shoddy smoke screens used by parasitic companies to make money. You don't have the keys when you buy. Such BS.
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ChartBuddy
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January 12, 2024, 05:01:57 PM |
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ExplanationChartbuddy thanks talkimg.com
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True Myth
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The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity." These types of statements always piss me off. Fun Fact TimeWe Should Warn People About Crimes Commited With CashThen, by assuming that any cash that the surveyed consumers do not fess up to holding must be held for nefarious purposes, he concludes that 34 to 39 percent of all currency in circulation is used by criminals. https://www.independent.org/publications/tir/article.asp?id=1289#:~:text=Then%2C%20by%20assuming%20that%20any,circulation%20is%20used%20by%20criminals. What About Bitcoin?The latest Chainalysis numbers estimate that transactions involving illicit addresses made up only 0.12 percent of the total cryptocurrency transaction volume in 2021 and 0.24 percent in 2022. Other assessments have gauged the share of illicit Bitcoin transactions at 0.1 percent to 5.1 percent in dollar‐value terms (which the intergovernmental Financial Action Task Force has interpreted to likely be a floor). Even the high‐end figures in the Review of Financial Studies article estimated that less than a quarter of the total dollar value of Bitcoin transactions through time was associated with illegal activity. https://www.cato.org/blog/overstating-crypto-crime-wont-lead-sound-policy#:~:text=The%20latest%20Chainalysis%20numbers%20estimate,and%200.24%20percent%20in%202022. When Bitcoin first emerged, law enforcement officers were "panicking," Meiklejohn says. "They thought these technologies were dangerous and made it harder for them to do their job." But as the arrests and convictions have rolled in, "there's a steady shift toward seeing cryptocurrency as a tool for prosecuting crimes." Even in the strange new world of Bitcoin, FBI Assistant General Counsel Brett Nigh said in September 2015, "investigators can follow the money." https://www.science.org/content/article/why-criminals-cant-hide-behind-bitcoinFuck these idiots who make these statements and never bother to investigate the legitimacy of thier own claims.
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BitcoinBunny
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Far, Far, Far Right Thug
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January 12, 2024, 05:20:31 PM |
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The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity." These types of statements always piss me off. Fun Fact TimeWe Should Warn People About Crimes Commited With CashThen, by assuming that any cash that the surveyed consumers do not fess up to holding must be held for nefarious purposes, he concludes that 34 to 39 percent of all currency in circulation is used by criminals. https://www.independent.org/publications/tir/article.asp?id=1289#:~:text=Then%2C%20by%20assuming%20that%20any,circulation%20is%20used%20by%20criminals. What About Bitcoin?The latest Chainalysis numbers estimate that transactions involving illicit addresses made up only 0.12 percent of the total cryptocurrency transaction volume in 2021 and 0.24 percent in 2022. Other assessments have gauged the share of illicit Bitcoin transactions at 0.1 percent to 5.1 percent in dollar‐value terms (which the intergovernmental Financial Action Task Force has interpreted to likely be a floor). Even the high‐end figures in the Review of Financial Studies article estimated that less than a quarter of the total dollar value of Bitcoin transactions through time was associated with illegal activity. https://www.cato.org/blog/overstating-crypto-crime-wont-lead-sound-policy#:~:text=The%20latest%20Chainalysis%20numbers%20estimate,and%200.24%20percent%20in%202022. When Bitcoin first emerged, law enforcement officers were "panicking," Meiklejohn says. "They thought these technologies were dangerous and made it harder for them to do their job." But as the arrests and convictions have rolled in, "there's a steady shift toward seeing cryptocurrency as a tool for prosecuting crimes." Even in the strange new world of Bitcoin, FBI Assistant General Counsel Brett Nigh said in September 2015, "investigators can follow the money." https://www.science.org/content/article/why-criminals-cant-hide-behind-bitcoinFuck these idiots who make these statements and never bother to investigate the legitimacy of thier own claims. Crossing the border undocumented and beating up innocent people in the street is illegal too but yet goes unpunished in the west now, so using BTC is fine.
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True Myth
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Crossing the border undocumented and beating up innocent people in the street is illegal too but yet goes unpunished in the west now, so using BTC is fine.
If you want to really be pissed off about high level illegal shit watch "Dirty Money" on Netflix. Something like 12 episodes about an hour long each. Each detailing stories dealing in billions of dollars. There is even a specific episode for GOLD (you know... that asset that the government seems to like)
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Hueristic
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Doomed to see the future and unable to prevent it
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January 12, 2024, 05:55:08 PM |
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If you are right regarding a local top Cramer would be too.. And, out of experience, that's extremely hard to swallow.... Even a broken clock is right twice a day. That doesn't apply to Cramer. He seems to have a perfect track record of being a contra indicator But that is also a trap that will be sprung so don't throw all your eggs betting on that one basket. He is 100% used to fleece the sheeple though and there is no debate to be had there.
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Hueristic
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Doomed to see the future and unable to prevent it
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January 12, 2024, 05:59:01 PM Last edit: January 12, 2024, 06:10:08 PM by Hueristic Merited by JayJuanGee (1) |
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Always do as they do, never do as they say you should do.
Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
Haha I have been telling a buddy that is very well off to get in for well over a decade and he lost a ton on silver and stocks listening to that retard cramer and I sent him the headline with the etf's and he sent back "maybe that will clamp down the volatility" LOL, I sent back "Hope not, Buy the dips and sell the highs". But its apparent to me the mainstream is pushing that narrative to the zombies when I heard it from him and you just posted that same coming from vanguard. ADDED: The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity." *Sec as well, well the sheeple get what they deserve.
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cAPSLOCK
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Whimsical Pants
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January 12, 2024, 06:00:10 PM Merited by LFC_Bitcoin (3) |
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Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.
I am seeing some data that contradicts this. Like the fact the Bitcoin ETFs pulled in over 1.2Billion in the first 30 minutes of trading. This is nothing like the futures launch. At least not yet. I suppose if the inflow stops there it could cool down? And: https://twitter.com/JoeConsorti/status/1745527450358989212This just tells me that all of those speculators that poured over 3% of all BTC in existing [619,162.0971] and got caught in GBTC discount with a 2% annual fee, can finally close their positions without paying steep discount. GBTC still has the nerve to charge the remaining idiots 1,5%/yr fee. Inflows into other funds seem to offset the dismantling of GBTC, watch their AUM closely. I think you are likely right about this concerning yesterday's action.
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ChartBuddy
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January 12, 2024, 06:01:22 PM |
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ExplanationChartbuddy thanks talkimg.com
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Hueristic
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Doomed to see the future and unable to prevent it
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January 12, 2024, 06:01:26 PM |
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Apparently it cost too much to pay a human to check mission critical systems with a analog device now. *glad I'm not going to be around for this future.
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cAPSLOCK
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Whimsical Pants
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January 12, 2024, 06:23:00 PM |
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Apparently it cost too much to pay a human to check mission critical systems with a analog device now. *glad I'm not going to be around for this future. Well you just put a bullseye on the one real solution for this problem.
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OgNasty
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Leading Crypto Sports Betting & Casino Platform
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January 12, 2024, 06:38:20 PM |
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Timber!
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 12, 2024, 07:01:16 PM |
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ExplanationChartbuddy thanks talkimg.com
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ChartBuddy
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January 12, 2024, 08:01:18 PM |
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ExplanationChartbuddy thanks talkimg.com
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ChartBuddy
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January 12, 2024, 09:01:21 PM |
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ExplanationChartbuddy thanks talkimg.com
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Amphenomenon
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January 12, 2024, 09:37:22 PM |
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Always do as they do, never do as they say you should do.
Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
Haha I have been telling a buddy that is very well off to get in for well over a decade and he lost a ton on silver and stocks listening to that retard cramer and I sent him the headline with the etf's and he sent back "maybe that will clamp down the volatility" LOL, I sent back "Hope not, Buy the dips and sell the highs". But its apparent to me the mainstream is pushing that narrative to the zombies when I heard it from him and you just posted that same coming from vanguard. I guess that's why doing your own research from a proper source matters, I guess Vanguard will like to buy the dip that's why they made this comment. Gold, Silver and other stock are better investment than bitcoin while Bitcoin as given better ROI for the past decade than them ADDED: The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity." *Sec as well, well the sheeple get what they deserve At least better than their forex currency but its annoying when they speak as if Bitcoin is the only currency ever being used for illegal activity what about the dollar that has been existing for ages before Bitcoin and can they literally say Dollar is still not being used for illegal activities till now wonder if anyone has ever asked them this question during an interview or n in the Press Seriously I thought they won't be speaking about anything at the moment (guess they are too shameless) because it was shameful for the public to know that the mighty SEC are not privacy and security cautious for their number linking to their twitter (X) account to be gotten from a third party and they not also using 2FA
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OutOfMemory
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Man who stares at charts (and stars, too...)
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January 12, 2024, 09:57:46 PM |
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Good old volatile times... Very appeasing in regards of the SEC. I do think that this is the correction dump or right side Bart following the recent fake pump. Does Honey Badger care?
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ChartBuddy
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January 12, 2024, 10:01:16 PM |
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ExplanationChartbuddy thanks talkimg.com
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darkangel11
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Don't let others control your BTC -> self custody
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January 12, 2024, 10:08:49 PM |
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I do think that this is the correction dump or right side Bart following the recent fake pump.
May look like a Bart, but it's just 2k bitcoin Grayscale dump on Coinbase followed by a leverage liquidation. Gary knew what he was doing when he demanded cash creation and redemption. This is different from normal bear market crashes because this money is coming back to bitcoin. It's actually a great opportunity to buy because it's a planned dump where they have to sell to be able to convert their trust. One of the greatest bear traps of all time if you ask me.
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