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0FXTrader0
The more yields back up the less attractive the crypto will look versus traditional investments.
The incoming BTC crash
- Thread starter 0FXTrader0
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0FXTrader0
Yeah (NFT) Non fungible tokens have a place. So does voting and universal income/helicopter money via blockchain.
MasterOfCoin
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....
A month later.
Still going up.
Topped $60,000 dollars.
This price crash has bankrupted Tesla, wrecked the economy and devalued the dollar!
Errr, no, wait. That should be:
Has made Tesla more money than selling cars.
Incompetent Government wrecked the economy.
Printing countless Trillions devalues the dollar.
Hardly surprising so many are turning to cryptocurrency as their jobs vanish, their dollars lose value and their politicians tell them to stay at home.
😁
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0FXTrader0
MasterOfCoin
Experienced member
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Indeed.
But, as a Tulip merchant, all I care about is that my meager investment in a few bulbs transformed into an entire field of blazing colour, and this mothering Sunday, there's a long queue at the farm gate eager to pay high prices for them.
😁 🌷😁🌷😁🌷😁🌷😁🌷😁🌷😁=💰💰💰💰💰
As to what happens to them after that ...
Who cares??
The blooms are selling, the 💰is in the 🏦.
If the price falls, I'll restock.
If it rises, I'll sell more.
💐
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0FXTrader0
sensible to take profits as there be a Mon reality check on risk.
P
postman
Like you know anything about anything.
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0FXTrader0
Just because your all bulled up. Can't hear the other side of the coin.
P
postman
It was a good call. 👍
There is 'some' support at 57,000 but I think it will collapse through that later in the week.
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0FXTrader0
When I say risk mean long USD short SPX, BTC, Commodities. I shorting stonks as don't trade the crypto coinage mkts directly. I surprised that the FCA banned crypto CFDs as they are unreliably priced but allowed spread bets to remain.
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postman
You can buy Bitcoin ETF's and put them in your Pension thats how 'safe' they are. 😄
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0FXTrader0
Ethereum in the pension pot?
zerohedge @zerohedge
10h
Hedge Fund CIO: "Ethereum Now Races Toward Becoming The Foundation Of A New Global Financial System"
zerohedge @zerohedge
10h
Hedge Fund CIO: "Ethereum Now Races Toward Becoming The Foundation Of A New Global Financial System"
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0FXTrader0
Its all great until the authorities stop the crypto threat in its tracks before the public at large have a chance to catch the 100k to 1m move. It would get to a 1m to be size of gold mkt but gold as industry uses and is not a threat to the current payment system.
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postman
Funds are selling Gold to buy Bitcoin!
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0FXTrader0
true
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0FXTrader0
But crypto is a lil'mkt not going to outpace gold liquidity as yet
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0FXTrader0
Talking of liquidity everyone piling into short term paper.
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0FXTrader0
Worth getting involved as there's now a trillion to be made on the short side of the tulip.
www.fnlondon.com
From bitcoin to blockchain: Inside Goldman Sachs’ crypto unit
Crypto team is watching Facebook’s Diem, buying stakes in startups to get ahead
www.fnlondon.com
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0FXTrader0
ESMA SEES HIGH RISK FOR INVESTORS IN NON-REG. CRYPTO-ASSETS.
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0FXTrader0
BofA Global Research: 10 Surprising Facts About Bitcoin
1. Concentrated Ownership: About 95% of Bitcoin is controlled by just 2.4% of the accounts, and distribution is heavily skewed towards the largest accounts. By comparison, the latest Fed data suggests that the top 1% of Americans control about 30.4% of all household wealth in the US.
7. Poor ESG Score: The E in Bitcoin is a major environmental disaster as Bitcoin prices are directly correlated to its energy consumption. The rising complexity that underpins Bitcoin is its biggest asset and the biggest flaw of the entire system. The energy consumption of the entire system have propelled Bitcoin’s CO2 emissions higher. (Half of China Bitcoin mining happens in coal-heavy Xinjiang province).
10. Biggest Threat to Bitcoin: CBDCs: Central bank digital currencies (“CBDC”) would represent a major break with the status quo; in this, they are like cryptocurrencies. However, we think they are likely to differ technologically from cryptos, and are in part motivated by central banks’ wanting to defend their territory from cryptos and their relatives.
ritholtz.com
1. Concentrated Ownership: About 95% of Bitcoin is controlled by just 2.4% of the accounts, and distribution is heavily skewed towards the largest accounts. By comparison, the latest Fed data suggests that the top 1% of Americans control about 30.4% of all household wealth in the US.
7. Poor ESG Score: The E in Bitcoin is a major environmental disaster as Bitcoin prices are directly correlated to its energy consumption. The rising complexity that underpins Bitcoin is its biggest asset and the biggest flaw of the entire system. The energy consumption of the entire system have propelled Bitcoin’s CO2 emissions higher. (Half of China Bitcoin mining happens in coal-heavy Xinjiang province).
10. Biggest Threat to Bitcoin: CBDCs: Central bank digital currencies (“CBDC”) would represent a major break with the status quo; in this, they are like cryptocurrencies. However, we think they are likely to differ technologically from cryptos, and are in part motivated by central banks’ wanting to defend their territory from cryptos and their relatives.
BofA Global Research: 10 Surprising Facts About Bitcoin - The Big Picture
Do you understand Bitcoin and Blockchain? I don’t mean abstractly, I mean specifically, do you grok it as a trader or investor? If not — and I have huge gaps in my own understanding of it — then you will find the huge discussion out today from Bank of America Global Research enormously…Read More
ritholtz.com
