Virtual currencies, Blockchain bitcoin

[mullokintyre]

A little while ago i wrote about the potential of various authorities deciding that digital currencies were likely to be become regulated, and thus ripe for manipulation by the wealthy.
From KITCO

Could increased scrutiny from the U.S. officials trigger even a bigger selloff?

Recently, Treasury Secretary Janet Yellen has been speaking about the importance of bitcoin regulation while focusing on illicit financing risks. Yellen has also been referring to bitcoin as a very volatile and "highly speculative asset."

"I think it's important to make sure that it is not used as a vehicle for illicit transactions and that there's investor protection. And so regulating institutions that deal in bitcoin, making sure that they adhere to their regulatory responsibilities, I think is certainly important," Yellen told CNBC last week.

Earlier in February, Yellen told the Treasury's innovation policy roundtable that the "misuse" of cryptocurrencies like bitcoin is "a growing problem."

"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism," she said.

This sounds suspiciously like the groundwork being laid for some sort of interference by regulators into what is really the only truly free market investment area left.
Don't say you were not warned.
Mick

[royco]

In Reply To: Pendragon's post @ Feb 11 2021, 04:28 PM

bitpanda, blockchain.com
probably many more. look for the ones that have been around since the early days.
they might even offer you some seed coins when opening a wallet. may look stupid and silly now bit so did 100 btc back in 2009.

[royco]

https://news.yahoo.com/jay-z-twitter-ceo-jack-235440963.html

[macdtrader]

In Reply To: Pendragon's post @ Feb 11 2021, 04:28 PM

A friend who mines Litecoin suggested coinspot.
I bought mine via CFD.
IG @ 10% margin
CMC @ 5% margin.
Interest very high @ 25% pa

[rozz]

In Reply To: macdtrader's post @ Feb 11 2021, 03:08 PM

If you want to buy a coin thats heading higher you may want to have a close look at EWT.
Kilt is another one which is about to list which should do very well.

[Pendragon]

In Reply To: macdtrader's post @ Feb 11 2021, 03:08 PM

Is there any site you recommend for trading Bitcoins - which is not a scam?

[macdtrader]

In Reply To: mullokintyre's post @ Feb 9 2021, 07:45 AM

Bought my first bitcoin today.
Me thinks we'll see 100k this year and then some.
400K target from Catherine Wood and if its good enough for Musk, its good enough for me.
.

[mullokintyre]

In Reply To: royco's post @ Feb 9 2021, 01:40 AM

And according to Zero Hedge , Apple is going to go a bit larger than Musk to buy some bitcoin.

Which will be the next top 20 company to convert (some) cash to cryptoConveniently, just as we were scratching out heads over this critical question - which also answers how Bitcoin will hit $100,000 next - RBC published an initiating coverage report on AAPL (with a street-high price target of $171), in which analyst Mitch Steves explained why he believes that AAPL should focus on developing an "Apple Wallet" concept first (and leave the Apple car for later), in order to leverage its 1.5 billion installed user base and to unveil a Coinbase-like Apple Exchange later which allows bitcoin transactions and which would add about $50 billion in value.

More importantly, the RBC analyst then says that should Apple purchase just $1 billion in bitcoin, or "4 days of cash flow", it would send even more users to "Apple Exchange". To be sure, in the aftermath of Tesla's announcement today, which validates the so-called "use case" and confirms that rising adoption of bitcoin among some of the most advanced companies is just a matter of time, such an outcome is even more likely.

Below we lay out some of the key highlights from Steves' note, in which he first discusses the "low risk, high reward" Apple Wallet opportunity...

When we think of the Apple Wallet, there is a clear opportunity in our view to create a buying and selling mechanism for crypto currencies (in addition to standard payment processing – although not necessary). To be clear, we do not believe Apple needs to hold bitcoin as a balance sheet asset (although it would likely help – more on this later), but rather allow users to buy and sell crypto assets.

Taking a big picture view of this, if we look at recent articles from The Block, which suggest Coinbase will be valued at ~$50B (at $200/share), this means Apple could potentially generate a similar or higher amount of value. Why? The firm already has a robust software ecosystem and install base to take significant and sudden market share from crypto currency exchanges (others include Binance, Kraken, and Gemini – all private companies but would be competitors in this situation). Looking at PayPal, for example, the firm now allows for buying and selling of crypto assets but does not allow for crypto assets to be sent off the system to a hardware wallet (individual custody). While many users/customers would not like this aspect, it has not stopped PayPal from generating additional revenue in a closed ecosystem.

In fact, if we think about a closed ecosystem, it removes the risk of the asset being removed from an exchange. According to Glassnode, exchange balances are falling and this would disrupt the exchange business model as there would be no assets to buy and sell for a fee.
Which will be the next top 20 company to convert (some) cash to crypto

The important thing here is that apple is not just "diversifying financial assets", but positioning the apple Wallet software to become the defacto banking system for bitcoin.
Mick

[royco]

https://cointelegraph.com/news/bitcoin-hits...-billion-in-btc

[royco]

https://cointelegraph.com/news/bitcoin-hits...-billion-in-btc