@RobM said:
Coinbase is the sole btc custodian for most of these ETFs. In one way or another all parties will be under scrutiny. A bigger issue might just be any mistep in cyber security at Coinbase. You can audit an ETF's digital info all you want, but if Coinbase gets hacked, then what?
.
Well you can say the same of any audit... e.g. re audits of gold assets, the custodian can sell - or loan - the metal the day after the audit and buy it back the day before the next one, that doesn't speak against or diminish the value of audits in that space.
I can't imagine the SEC denying approval for years and pounding until the last minute - Gansler on X - on the fact that in the crypto world frauds and scams are usual, and then no requirement whatsoever is made to the custodian - as a condition for getting the approval - about regular and independent audits of the assets backing the ETF.
Appears the kids consider it more of a commodity than they do the boomers gutter metal. One thing I've learned on this planet is when it comes to investing, perception absolutely trumps logic. Still sitting on a pile of greenbacks waiting to buy back in. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
The bitcoin price runup to buy GBTC at a discount prior to the ETF hype has now turned to selling and taking profits at closer to full value. The GBTC 1.5% premium does not help it either. Most new bitcoin ETF purchasers have lost "money". Surprised it is not being called gutter 2.0. Only gold is money, and physical gold remains a better option for diversification.
@Goldminers said:
The bitcoin price runup to buy GBTC at a discount prior to the ETF hype has now turned to selling and taking profits at closer to full value. The GBTC 1.5% premium does not help it either.
Agree 100%. Aside from GBTC, the other 10 ETFs all saw positive inflows. Eventually the GBTC profit taking and rebalancing (to lower premium ETFs) will abate and BTC will rebound.
@Goldminers said:
The bitcoin price runup to buy GBTC at a discount prior to the ETF hype has now turned to selling and taking profits at closer to full value. The GBTC 1.5% premium does not help it either.
Agree 100%. Aside from GBTC, the other 10 ETFs all saw positive inflows. Eventually the GBTC profit taking and rebalancing (to lower premium ETFs) will abate and BTC will rebound.
Yup be patient and enjoy the trade. Doesn't get much easier than this one. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@Goldminers said:
The bitcoin price runup to buy GBTC at a discount prior to the ETF hype has now turned to selling and taking profits at closer to full value. The GBTC 1.5% premium does not help it either.
Agree 100%. Aside from GBTC, the other 10 ETFs all saw positive inflows. Eventually the GBTC profit taking and rebalancing (to lower premium ETFs) will abate and BTC will rebound.
Yup be patient and enjoy the trade. Doesn't get much easier than this one. RGDS!
Loving this BTC/ETH drop. How low can they go? Getting tempted to buy back in but the gut says we still have a ways to go. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@blitzdude said:
Loving this BTC/ETH drop. How low can they go? ...
I saw a report (on X and I didn't save it) that Blackrock and Fidelity are buying $433m BTC a day right now. FTX liquidation drove half of GBTC outflows since the ETFs were approved and it's now exhausted:
@Goldminers said:
The bitcoin price runup to buy GBTC at a discount prior to the ETF hype has now turned to selling and taking profits >at closer to full value. The GBTC 1.5% premium does not help it either. Most new bitcoin ETF purchasers have lost >"money". Surprised it is not being called gutter 2.0. Only gold is money, and physical gold remains a better option >for diversification.
Plus, you can hold in your hands nice bullion coins and/or classic pre-1933 gold.
@derryb said:
We saw BTC almost double in four months when the ETFs went live.
Hmmmm....the charts of all the ETFs seem to be down 15% since they went live, less than 1 month ago.
More alternative facts?
More fact twisting? Note that I said WHEN they went live and you are trying to change it to SINCE they went live. The last chart posted clearly shows what I said and what you are trying to change what I said.
If not accurate, at least you are consistent. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
We saw BTC almost double in four months when the ETFs went live.
Hmmmm....the charts of all the ETFs seem to be down 15% since they went live, less than 1 month ago.
More alternative facts?
More fact twisting? Note that I said WHEN they went live and you are trying to change it to SINCE they went live. The last chart posted clearly shows what I said and what you are trying to change what I said.
If not accurate, at least you are consistent. LOL
So WHEN did they go live?
Hint.....the same day as SINCE.
GoldFinger1969s chart even shows the day LIVE date and the price action.
Are you trying to say that "in four months" is the same as a instantaneous moment, ie WHEN?
Perhaps it is you who is not accurate, yet consistent.
Pop quiz for all who do not know the difference between "when" something happened and "since" it happened: Bitcoin peaked when the new ETFs went live. Looking at the chart when did they go live?
Bonus points: What happened to the Bitcoin price since the ETFs went live?
Note that since the chart, Bitcoin price has recovered to $45K.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It was mostly a sell the news event. I cashed out of BTC and ETH pretty close to the optimal time. They have since recovered somewhat but I am still waiting for what I expect to be a bigger dip before going long again. I have stored my original investment in a high yield savings and distributed the realized profits to other assets (including some costco gutter metal that is out for UPS delivery as we speak. LOL). RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I have stored my original investment in a high yield savings and distributed the realized profits to other assets (including some costco gutter metal that is out for UPS delivery as we speak. LOL).
You are a funny guy! Did you just say that you BOUGHT SILVER?????
Hahahahaha.
Q: Are You Printing Money? Bernanke: Not Literally
Traded cash for gold /silver, and gold/silver for cash. With buyers trading gold for cash to buy bitcoin, I tried to just pay in bitcoin but that is where it seems fear has a grip on those very speculators. Moving target. LOL.
Are you saying that some advocates of Bitcoin won’t accept Bitcoin in payment for gold or silver? That seems to be “a fly in the ointment”, so to speak.
Doesn’t Apmex take Bitcoin in payment for gold/silver, albeit at Apmex prices?
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Are you saying that some advocates of Bitcoin won’t accept Bitcoin in payment for gold or silver? That seems to be “a fly in the ointment”, so to speak.
Doesn’t Apmex take Bitcoin in payment for gold/silver, albeit at Apmex prices?
Yes , larger players use it, but walk in customers are a bit fickle.
Edit to add : Not saying some are advocates. I prefer the term : "Dabblers, toe dippers, or speculators".
@jmski52 said:
Are you saying that some advocates of Bitcoin won’t accept Bitcoin in payment for gold or silver? That seems to be “a fly in the ointment”, so to speak.
Doesn’t Apmex take Bitcoin in payment for gold/silver, albeit at Apmex prices?
Pretty much every online bullion dealer accepts BTC for payment. APMEX also accepts Ethereum, Dogecoin, Shiba Inu and several others.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@jmski52 said: I have stored my original investment in a high yield savings and distributed the realized profits to other assets (including some costco gutter metal that is out for UPS delivery as we speak. LOL).
You are a funny guy! Did you just say that you BOUGHT SILVER?????
Hahahahaha.
Yep turned some of those imaginary crypto profits into the physical gutter. Stupid mee. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@jmski52 said:
Hahaha, you actually bought what you ridicule others for buying.
This is just too rich.😂
Now I just got to find some sucker so I can flip them. $2.55 over after rebates, shouldn't be hard. THKS!
Recent eBay sales are about $27.00 to $27.50 each for rolls of (20) 2023 Silver Eagles.
If you paid "$2.55 over [spot]" for two rolls, with spot at $22.60 you will make 40 x ($27.25 - ($22.60 + $2.55)) = $88 !
But if that is correct, you can't do it on eBay because eBay fees would eat up every bit of that $88 when you sell.
Maybe you could go to a coin show and announce that you are looking for a "sucker" to buy your Silver Eagles at $27.25 each ?
That should go over quite well
@jmski52 said:
Hahaha, you actually bought what you ridicule others for buying.
This is just too rich.😂
Now I just got to find some sucker so I can flip them. $2.55 over after rebates, shouldn't be hard. THKS!
Recent eBay sales are about $27.00 to $27.50 each for rolls of (20) 2023 Silver Eagles.
If you paid "$2.55 over [spot]" for two rolls, with spot at $22.60 you will make 40 x ($27.25 - ($22.60 + $2.55)) = $88 !
But if that is correct, you can't do it on eBay because eBay fees would eat up every bit of that $88 when you sell.
Maybe you could go to a coin show and announce that you are looking for a "sucker" to buy your Silver Eagles at $27.25 each ?
That should go over quite well
From the guy who creates $10K dies to peddle $5K worth of counterfeit fantasy coins. SBG! 1980's calling, they want their $50 gutter metal back. lol.
P.S.: I haven't sold anything on Feebay since circa ~2010. Use your grape, because a businessman you are not. My last local sale was at $30 each and took all of 2 minutes to complete. I'll add the 2024's I purchased yesterday and the GMLs I just purchased today to the mix. Didn't even need to leave my office and did it all sitting here in my underwear. God bless the Costco. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Derry. You messed up. You should have said "we saw bitcoin almost double in the 4 months leading up to the etfs going live".
But you didn't, and were called out on it. No big deal. Even Presidents flub things from time to time. You're in good company.
Went to a market last weekend. One dude had ASEs for $30. Kinda indicated he was offering me a deal since it was toward the end of the day. I told him that was a "good price" and I walked away. Lol
@jmski52 said:
Are you saying that some advocates of Bitcoin won’t accept Bitcoin in payment for gold or silver? That seems to be “a fly in the ointment”, so to speak.
Doesn’t Apmex take Bitcoin in payment for gold/silver, albeit at Apmex prices?
Pretty much every online bullion dealer accepts BTC for payment. APMEX also accepts Ethereum, Dogecoin, Shiba Inu and several others.
What does APMEX do with the crypto after they accept them?
@jmski52 said:
Are you saying that some advocates of Bitcoin won’t accept Bitcoin in payment for gold or silver? That seems to be “a fly in the ointment”, so to speak.
Doesn’t Apmex take Bitcoin in payment for gold/silver, albeit at Apmex prices?
Pretty much every online bullion dealer accepts BTC for payment. APMEX also accepts Ethereum, Dogecoin, Shiba Inu and several others.
What does APMEX do with the crypto after they accept them?
Drum roll, please. Ready for this ?
They put it in their wallet
@derryb said:
BTC up: 5% in a week, 29% in a month
ETH up: 17% in a week, 21% in a month
Still waiting for the dip. LOL It appears maybe there isn't going to be one. If not I had a good ride. As The Oracle himself always says "You can't go broke making a profit". RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@MsMorrisine said:
once upon a time, bitcoin and its promoters considered it a replacement to fiat.
now we have bitcoin mag calling it a commodity
.
From the point of view of an outsider on the cryptocurrency planet... there is this dichotomy, security / commodity, ... could it be that those considering BTC as commodity feel forced to do so in order to escape from the SEC?
. SEC’s Unlawful Targeting of Digital Asset Industry Challenged in New Lawsuit From Startup LEJILEX and Crypto Freedom Alliance of Texas
"To justify their ad hoc enforcement actions, the SEC claims that practically all digital assets qualify as securities under the SEC’s purview because they represent “investment contracts,” a catch-all category within the definition of security. In this lawsuit, the plaintiffs seek a judicial declaration that sales of digital assets like the ones that would take place on LEJILEX’s platform are not securities transactions.
As the plaintiffs’ complaint explains, these transactions do not fit the definition of "investment contracts"; if they did, the SEC’s authority would be virtually limitless, covering any purchase of an asset that might appreciate in value. For example, the SEC’s view of its own authority would apparently mean that buying a pair of limited-run Nike sneakers with the intention of reselling them, while expecting that Nike would continue working to increase demand for those coveted shoes, would be enough to turn those sneakers into securities, their resale into a securities transaction subject to regulation by the SEC, and any auction house or consignment store that helps resell them into an unregistered securities exchange."
@RobM said:
I am beginning to regret hodling through the recent dip and the one before that.
I assume you mean not hodling? Yup I sold the news prior to the last dip and was waiting to buy back in but it appears that train (rocket ship) has left the station. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@jmski52 said:
Hahaha, you actually bought what you ridicule others for buying.
This is just too rich.😂
Now I just got to find some sucker so I can flip them. $2.55 over after rebates, shouldn't be hard. THKS!
Recent eBay sales are about $27.00 to $27.50 each for rolls of (20) 2023 Silver Eagles.
If you paid "$2.55 over [spot]" for two rolls, with spot at $22.60 you will make 40 x ($27.25 - ($22.60 + $2.55)) = $88 !
But if that is correct, you can't do it on eBay because eBay fees would eat up every bit of that $88 when you sell.
Maybe you could go to a coin show and announce that you are looking for a "sucker" to buy your Silver Eagles at $27.25 each ?
That should go over quite well
From the guy who creates $10K dies to peddle $5K worth of counterfeit fantasy coins. SBG! 1980's calling, they want their $50 gutter metal back. lol.
P.S.: I haven't sold anything on Feebay since circa ~2010. Use your grape, because a businessman you are not. My last local sale was at $30 each and took all of 2 minutes to complete. I'll add the 2024's I purchased yesterday and the GMLs I just purchased today to the mix. Didn't even need to leave my office and did it all sitting here in my underwear. God bless the Costco. THKS!
.
I am still in business, 20 years now. My business is privately-owned, so there are no financial statements published publicly. You are just making stuff up (as usual).
I will say that a business model (like yours) that depends on finding "suckers" to deal with, is going to fail rather quickly.
@jmski52 said:
Hahaha, you actually bought what you ridicule others for buying.
This is just too rich.😂
Now I just got to find some sucker so I can flip them. $2.55 over after rebates, shouldn't be hard. THKS!
Recent eBay sales are about $27.00 to $27.50 each for rolls of (20) 2023 Silver Eagles.
If you paid "$2.55 over [spot]" for two rolls, with spot at $22.60 you will make 40 x ($27.25 - ($22.60 + $2.55)) = $88 !
But if that is correct, you can't do it on eBay because eBay fees would eat up every bit of that $88 when you sell.
Maybe you could go to a coin show and announce that you are looking for a "sucker" to buy your Silver Eagles at $27.25 each ?
That should go over quite well
From the guy who creates $10K dies to peddle $5K worth of counterfeit fantasy coins. SBG! 1980's calling, they want their $50 gutter metal back. lol.
P.S.: I haven't sold anything on Feebay since circa ~2010. Use your grape, because a businessman you are not. My last local sale was at $30 each and took all of 2 minutes to complete. I'll add the 2024's I purchased yesterday and the GMLs I just purchased today to the mix. Didn't even need to leave my office and did it all sitting here in my underwear. God bless the Costco. THKS!
.
I am still in business, 20 years now. My business is privately-owned, so there are no financial statements published publicly. You are just making stuff up (as usual).
I will say that a business model (like yours) that depends on finding "suckers" to deal with, is going to fail rather quickly.
.
Hey, can you make me up some tokens that say 1oz pure gutter metal? Maybe stamp the year on there or something? Let me know the cost. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
If someone has just 1/4 of a btc they are guaranteed to have at least 100x what the average person would have if btc were distributed equally to every human. Was doing a little light reading on Reddit last night and it is scary how much FOMO and YOLO are out there especially amongst the younger gens. Heck, today even the SHIB is up big. IMO still not much utility in BTC but it's scarcity is real due to limited supply of satoshis. Now, instead of someone saying they acquired whatever fraction or multiples of BTC in the past, folks only think of it as a dollar amount.
Interesting with the stock market at an all time high which indicates "certainty" for the most part. I would think that Bitcoin, which in theory represents "uncertainty", wouldn't be rising along with it?
Comments
.
Well you can say the same of any audit... e.g. re audits of gold assets, the custodian can sell - or loan - the metal the day after the audit and buy it back the day before the next one, that doesn't speak against or diminish the value of audits in that space.
I can't imagine the SEC denying approval for years and pounding until the last minute - Gansler on X - on the fact that in the crypto world frauds and scams are usual, and then no requirement whatsoever is made to the custodian - as a condition for getting the approval - about regular and independent audits of the assets backing the ETF.
LOL, Bitcoin surpasses gutter metal to become 2nd largest commodity ETF in the US.
https://bitcoinmagazine.com/markets/bitcoin-surpasses-silver-to-become-second-largest-etf-commodity-in-the-us
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Bitcoin a commodity? LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Appears the kids consider it more of a commodity than they do the boomers gutter metal. One thing I've learned on this planet is when it comes to investing, perception absolutely trumps logic. Still sitting on a pile of greenbacks waiting to buy back in. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Not really. An ETF has the actual asset -- an ETN -- exchange traded note -- does NOT.
once upon a time, bitcoin and its promoters considered it a replacement to fiat.
now we have bitcoin mag calling it a commodity
what's backing the ETN? LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The credit quality of the issuer. It's an unsecured obligation in any bankruptcy restructuring.
The bitcoin price runup to buy GBTC at a discount prior to the ETF hype has now turned to selling and taking profits at closer to full value. The GBTC 1.5% premium does not help it either. Most new bitcoin ETF purchasers have lost "money". Surprised it is not being called gutter 2.0. Only gold is money, and physical gold remains a better option for diversification.
My US Mint Commemorative Medal Set
Agree 100%. Aside from GBTC, the other 10 ETFs all saw positive inflows. Eventually the GBTC profit taking and rebalancing (to lower premium ETFs) will abate and BTC will rebound.
Yelling at clouds on pmbug.com
Yup be patient and enjoy the trade. Doesn't get much easier than this one. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Credit quality? LOL Is that similar to a promise?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Loving this BTC/ETH drop. How low can they go? Getting tempted to buy back in but the gut says we still have a ways to go. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I saw a report (on X and I didn't save it) that Blackrock and Fidelity are buying $433m BTC a day right now. FTX liquidation drove half of GBTC outflows since the ETFs were approved and it's now exhausted:
https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/
If these reports are accurate, BTC should rebound fairly soon.
Yelling at clouds on pmbug.com
Plus, you can hold in your hands nice bullion coins and/or classic pre-1933 gold.
As for Bitcoin....
Is Bitcoin really down 20% in the last 2 weeks?
Knowledge is the enemy of fear
We saw BTC almost double in four months when the ETFs went live.
Ethereum (ETH) ETFs expected to be approved May 23.
Will we see the same money making opportunity?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
yep, you missed it. LOL
Don't sit on the ETH after May 23.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
To short it?
Knowledge is the enemy of fear
Hmmmm....the charts of all the ETFs seem to be down 15% since they went live, less than 1 month ago.
More alternative facts?
Knowledge is the enemy of fear
More fact twisting? Note that I said WHEN they went live and you are trying to change it to SINCE they went live. The last chart posted clearly shows what I said and what you are trying to change what I said.
If not accurate, at least you are consistent. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
So WHEN did they go live?
Hint.....the same day as SINCE.
GoldFinger1969s chart even shows the day LIVE date and the price action.
Are you trying to say that "in four months" is the same as a instantaneous moment, ie WHEN?
Perhaps it is you who is not accurate, yet consistent.
Knowledge is the enemy of fear
Pop quiz for all who do not know the difference between "when" something happened and "since" it happened: Bitcoin peaked when the new ETFs went live. Looking at the chart when did they go live?
Bonus points: What happened to the Bitcoin price since the ETFs went live?
Note that since the chart, Bitcoin price has recovered to $45K.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It was mostly a sell the news event. I cashed out of BTC and ETH pretty close to the optimal time. They have since recovered somewhat but I am still waiting for what I expect to be a bigger dip before going long again. I have stored my original investment in a high yield savings and distributed the realized profits to other assets (including some costco gutter metal that is out for UPS delivery as we speak. LOL). RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I have stored my original investment in a high yield savings and distributed the realized profits to other assets (including some costco gutter metal that is out for UPS delivery as we speak. LOL).
You are a funny guy! Did you just say that you BOUGHT SILVER?????
Hahahahaha.
I knew it would happen.
Traded cash for gold /silver, and gold/silver for cash. With buyers trading gold for cash to buy bitcoin, I tried to just pay in bitcoin but that is where it seems fear has a grip on those very speculators. Moving target. LOL.
Are you saying that some advocates of Bitcoin won’t accept Bitcoin in payment for gold or silver? That seems to be “a fly in the ointment”, so to speak.
Doesn’t Apmex take Bitcoin in payment for gold/silver, albeit at Apmex prices?
I knew it would happen.
Yes , larger players use it, but walk in customers are a bit fickle.
Edit to add : Not saying some are advocates. I prefer the term : "Dabblers, toe dippers, or speculators".
Pretty much every online bullion dealer accepts BTC for payment. APMEX also accepts Ethereum, Dogecoin, Shiba Inu and several others.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Yep turned some of those imaginary crypto profits into the physical gutter. Stupid mee. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Hahaha, you actually bought what you ridicule others for buying.
This is just too rich.😂
I knew it would happen.
Now I just got to find some sucker so I can flip them. $2.55 over after rebates, shouldn't be hard. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Recent eBay sales are about $27.00 to $27.50 each for rolls of (20) 2023 Silver Eagles.
If you paid "$2.55 over [spot]" for two rolls, with spot at $22.60 you will make 40 x ($27.25 - ($22.60 + $2.55)) = $88 !
But if that is correct, you can't do it on eBay because eBay fees would eat up every bit of that $88 when you sell.
Maybe you could go to a coin show and announce that you are looking for a "sucker" to buy your Silver Eagles at $27.25 each ?
That should go over quite well
From the guy who creates $10K dies to peddle $5K worth of counterfeit fantasy coins. SBG! 1980's calling, they want their $50 gutter metal back. lol.
P.S.: I haven't sold anything on Feebay since circa ~2010. Use your grape, because a businessman you are not. My last local sale was at $30 each and took all of 2 minutes to complete. I'll add the 2024's I purchased yesterday and the GMLs I just purchased today to the mix. Didn't even need to leave my office and did it all sitting here in my underwear. God bless the Costco. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Derry. You messed up. You should have said "we saw bitcoin almost double in the 4 months leading up to the etfs going live".
But you didn't, and were called out on it. No big deal. Even Presidents flub things from time to time. You're in good company.
Went to a market last weekend. One dude had ASEs for $30. Kinda indicated he was offering me a deal since it was toward the end of the day. I told him that was a "good price" and I walked away. Lol
Knowledge is the enemy of fear
What does APMEX do with the crypto after they accept them?
Knowledge is the enemy of fear
Drum roll, please. Ready for this ?
They put it in their wallet
BTC up: 5% in a week, 29% in a month
ETH up: 17% in a week, 21% in a month
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Still waiting for the dip. LOL It appears maybe there isn't going to be one. If not I had a good ride. As The Oracle himself always says "You can't go broke making a profit". RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
.
From the point of view of an outsider on the cryptocurrency planet... there is this dichotomy, security / commodity, ... could it be that those considering BTC as commodity feel forced to do so in order to escape from the SEC?
.
SEC’s Unlawful Targeting of Digital Asset Industry Challenged in New Lawsuit From Startup LEJILEX and Crypto Freedom Alliance of Texas
"To justify their ad hoc enforcement actions, the SEC claims that practically all digital assets qualify as securities under the SEC’s purview because they represent “investment contracts,” a catch-all category within the definition of security. In this lawsuit, the plaintiffs seek a judicial declaration that sales of digital assets like the ones that would take place on LEJILEX’s platform are not securities transactions.
As the plaintiffs’ complaint explains, these transactions do not fit the definition of "investment contracts"; if they did, the SEC’s authority would be virtually limitless, covering any purchase of an asset that might appreciate in value. For example, the SEC’s view of its own authority would apparently mean that buying a pair of limited-run Nike sneakers with the intention of reselling them, while expecting that Nike would continue working to increase demand for those coveted shoes, would be enough to turn those sneakers into securities, their resale into a securities transaction subject to regulation by the SEC, and any auction house or consignment store that helps resell them into an unregistered securities exchange."
I am beginning to regret hodling through the recent dip and the one before that.
I assume you mean not hodling? Yup I sold the news prior to the last dip and was waiting to buy back in but it appears that train (rocket ship) has left the station. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Nah, I hodled. I just wanted to get in a post before btc crashes again. You may still get your buying opportunity.
.
I am still in business, 20 years now. My business is privately-owned, so there are no financial statements published publicly. You are just making stuff up (as usual).
I will say that a business model (like yours) that depends on finding "suckers" to deal with, is going to fail rather quickly.
.
Hey, can you make me up some tokens that say 1oz pure gutter metal? Maybe stamp the year on there or something? Let me know the cost. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
If someone has just 1/4 of a btc they are guaranteed to have at least 100x what the average person would have if btc were distributed equally to every human. Was doing a little light reading on Reddit last night and it is scary how much FOMO and YOLO are out there especially amongst the younger gens. Heck, today even the SHIB is up big. IMO still not much utility in BTC but it's scarcity is real due to limited supply of satoshis. Now, instead of someone saying they acquired whatever fraction or multiples of BTC in the past, folks only think of it as a dollar amount.
How about I call it "blitzed coin" and it shows a blitzed dude crawling in a gutter ?
I'll need a clear portrait photo of yourself.
That would be absolutely awesome. I'll contact you to discuss! THKS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Bitcoin nearing an all time high.
Interesting with the stock market at an all time high which indicates "certainty" for the most part. I would think that Bitcoin, which in theory represents "uncertainty", wouldn't be rising along with it?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong