Bitcoin

[MRubey]

Bitcoin, like ai is difficult to understand but inevitable. It is the only incorruptible (can’t be inflated or distorted) unit of account on the planet. Nation states have discovered this as has Wall Street. Bo Hines, Trumps top crypto advisor recently stated they intend to purchase as much BTC as possible. This is to occur in a manner that does not require tax payers funds. At the same time BlackRock wants it all. Bitcoin is thought of as the token BTC. But what it really is, is the Bitcoin network. The largest most powerful most secure computer network that has ever existed. That is the true value for a whole host of reasons. The book Soft War* written by Mjr Jason Lowery which was censored from printing by the DOD shortly after it came out, outlines Bitcoins importance to future national defense. Michael Saylor, founder and Executive Chairman of Strategy (formerly MicroStrategy) (Strategy holds $40B in BTC and is the only stock to outperform Invidia) believes that Bitcoin will be the money of the ai’s. They will require a digital globally functional, autonomous, uniform, and politically neutral form of exchange of value. Saylor also points out that in a market volatility is vitality. Volatility goes both directions. If you look at a chart of BTC since inception you will see that it does make wild swings. But those swings occur within a channel that moves only upwards to the right. As it matures it has also become less volatile. Now with the constant bid coming from nation states and corporate institutions Bitcoin has weathered recent events without the magnitude of downdraw that used to be normal.
The risk of Bitcoin is no longer owning it. But rather having zero. In another year or two it will likely become impossible for an individual to obtain a meaningful amount.

*Soft War is available for free as an audiobook on YouTube

 

[andromedaaudio]

The risk of Bitcoin is no longer owning it. But rather having zero. In another year or two it will likely become impossible for an individual to obtain a meaningful amount.

Gaap.
You really want it to go/talk it up

 

[Folsom]

Check out buying and selling by ETFs.

 

[MRubey]

Check out buying and selling by ETFs.

A large percentage of the ETF activity has been shown to be a yield harvesting arbitrage trade popular among hedge funds where they buy the ETF and short the futures. They move in and out like a huge school of fish.

 

[Folsom]

A large percentage of the ETF activity has been shown to be a yield harvesting arbitrage trade popular among hedge funds where they buy the ETF and short the futures. They move in and out like a huge school of fish.

It's not a surprise. Everyone is trying to make a buck. When people talk about regulation I'm interested in it for things like this, and CEX problems. Most of the rest of it, no.

 

[MRubey]

It's not a surprise. Everyone is trying to make a buck. When people talk about regulation I'm interested in it for things like this, and CEX problems. Most of the rest of it, no.

I used to resent it. A lot of people still do. But it’s perfectly legal and pretty smart. It’s not a problem. All the various trading schemes provide liquidity. It’s good because these people are interacting with the asset. At some point they will realize how valuable it is and just keep it. Regulation is not going to outlaw sophisticated trading. It will hopefully outlaw things like rehypothication. The practice some exchanges have of reselling assets held in custody. This undermines Bitcoins fixed supply and is basically dishonest.
Charles Schwab just announced they are setting up systems to allow their customers to buy and sell crypto. I think the days of the native crypto exchange are numbered. The suits are taking it away from the hoodies. This is aborant to old school OG Bitcoiners but it’s a natural evolution of the growth of the asset.
It’s never going to be a day to day currency of exchange which was the original intent. It’s going to be traded and hoarded by the wealthiest entities in the world. It already is and that will only increase. The fiat currencies of the world are all sinking ships. Bitcoin is digital gold.

 

[Folsom]

I used to resent it. A lot of people still do. But it’s perfectly legal and pretty smart. It’s not a problem. All the various trading schemes provide liquidity. It’s good because these people are interacting with the asset. At some point they will realize how valuable it is and just keep it. Regulation is not going to outlaw sophisticated trading. It will hopefully outlaw things like rehypothication. The practice some exchanges have of reselling assets held in custody. This undermines Bitcoins fixed supply and is basically dishonest.
Charles Schwab just announced they are setting up systems to allow their customers to buy and sell crypto. I think the days of the native crypto exchange are numbered. The suits are taking it away from the hoodies. This is aborant to old school OG Bitcoiners but it’s a natural evolution of the growth of the asset.
It’s never going to be a day to day currency of exchange which was the original intent. It’s going to be traded and hoarded by the wealthiest entities in the world. It already is and that will only increase. The fiat currencies of the world are all sinking ships. Bitcoin is digital gold.

I think you misunderstand. When liquidity partners do certain types of things that are illegal for a CEX to do, and such, it is skirting laws that exist in normal trading for stocks etc, because they currently can get away with it. In fact some of it is in such a grey area that certain organizations like WinterMute still find themselves dealing with lawsuits.

 

[MRubey]

I think you misunderstand. When liquidity partners do certain types of things that are illegal for a CEX to do, and such, it is skirting laws that exist in normal trading for stocks etc, because they currently can get away with it. In fact some of it is in such a grey area that certain organizations like WinterMute still find themselves dealing with lawsuits.

I’m all for complying with the law and only wish it were a more prevalent attitude.

 

[andromedaaudio]

Bitcoin, like ai is difficult to understand but inevitable. It is the only incorruptible (can’t be inflated or distorted) unit of account on the planet. Nation states have discovered this as has Wall Street. Bo Hines, Trumps top crypto advisor recently stated they intend to purchase as much BTC as possible. This is to occur in a manner that does not require tax payers funds. At the same time BlackRock wants it all. Bitcoin is thought of as the token BTC. But what it really is, is the Bitcoin network. The largest most powerful most secure computer network that has ever existed. That is the true value for a whole host of reasons. The book Soft War* written by Mjr Jason Lowery which was censored from printing by the DOD shortly after it came out, outlines Bitcoins importance to future national defense. Michael Saylor, founder and Executive Chairman of Strategy (formerly MicroStrategy) (Strategy holds $40B in BTC and is the only stock to outperform Invidia) believes that Bitcoin will be the money of the ai’s. They will require a digital globally functional, autonomous, uniform, and politically neutral form of exchange of value. Saylor also points out that in a market volatility is vitality. Volatility goes both directions. If you look at a chart of BTC since inception you will see that it does make wild swings. But those swings occur within a channel that moves only upwards to the right. As it matures it has also become less volatile. Now with the constant bid coming from nation states and corporate institutions Bitcoin has weathered recent events without the magnitude of downdraw that used to be normal.
The risk of Bitcoin is no longer owning it. But rather having zero. In another year or two it will likely become impossible for an individual to obtain a meaningful amount.

*Soft War is available for free as an audiobook on YouTube

Kinross gold will present its earnings beginning of may .
They expect a 120 % year over year increase .

When is the Bitcoin earnings report coming out ???
Or is it a speculative bubble ( just like gold lol )

https://finance.yahoo.com/news/kinross-gold-kgc-earnings-expected-140116938.html