Anyone into Cryto currency?

[slimslob]

Re: Anyone into Cryto currency?

Crypto currencies are here to stay as big institutional money is starting to invest big $$$ in this new asset class.

Investors are worried that all of the world's currencies are printing paper money as fast as they can which devalues cash as an asset.

With interest rates at close to 0% around the world investors are diversifying at least 5% of their portfolio into primarily Bitcoin to get higher returns.

Crypto is considered by many to be a high risk investment with Bitcoin dropping 17% today after having run up 200%+ in the last year.

Investors are poised to buy more Bitcoin on any significant pullback as could be seen today creating a floor price of at least $20,000 USD.

You can now easily purchase and trade Bitcoin on a platform like Paypal.

I wonder if that 17% drop for Bitcoin might be related to investors converting to Crypto?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

could never figure crypto out...

IMHO

its along the line that if you make something big enough, we have to accept its validity, even if it isn't.

just like Urkel. he was very real for sometime.

Crypto currencies are here to stay as big institutional money is starting to invest big $$$ in this new asset class.

Investors are worried that all of the world's currencies are printing paper money as fast as they can which devalues cash as an asset.

With interest rates at close to 0% around the world investors are diversifying at least 5% of their portfolio into primarily Bitcoin to get higher returns.

Crypto is considered by many to be a high risk investment with Bitcoin dropping 17% today after having run up 200%+ in the last year.

Investors are poised to buy more Bitcoin on any significant pullback as could be seen today creating a floor price of at least $20,000 USD.

You can now easily purchase and trade Bitcoin on a platform like Paypal.

[jmaister]

Re: Anyone into Cryto currency?

could never figure crypto out...

IMHO

its along the line that if you make something big enough, we have to accept its validity, even if it isn't.

just like Urkel. he was very real for sometime.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin soars past $33,000, its highest ever!



Bitcoin has been flirting with the $30,000 mark for weeks, and finally passed that record-setting level Saturday. The virtual currency is now valued at above $33,000, an all-time high.

Bitcoin (XBT) has tripled in value during 2020, growing steadily even as the stock market plunged in the early days of the pandemic. Investors have been drawn to it, as well as other cryptocurrencies, as the US dollar has weakened.

With the Federal Reserve expected to leave interest rates near zero for several more years, bitcoin may continue to win new fans.

Well-known names are adding to bitcoin's mainstream appeal. Rick Rieder, the chief investment officer of fixed income BlackRock (BLK), has said the digital currency could replace gold. Payment giant PayPal (PYPL) has embraced bitcoin, after showing reluctance to do so.

"When any asset climbs in price this fast for an extended period of time I become cautious, and I'd urge anyone trading BTC to not get caught up in the euphoria," said Nicholas Pelecanos, head of trading at cryptocurrency firm NEM, who nevertheless predicts bitcoin could rise to $50,000 by Valentine's Day. "I believe we are just at the beginning of what will be an immense bull market."

Yet even as bitcoin is becoming mainstream, the currency is still commonly used by fraudsters, giving it negative attention. Last July, hackers took over Twitter accounts belonging to Elon Musk, Bill Gates and Barack Obama in an apparent effort to earn income by scamming people out of bitcoin.

Due to the currency's decentralized and nearly anonymous nature, it can be hard to get money returned after losing it in a scam, as there is no central authority -- such as a bank -- to intervene. Decentralization has made cryptocurrency a favorite for scammers, even as it appeals to technologists and investors alike.

[Phil B.]

Re: Anyone into Cryto currency?

https://secure.investorplacenow.com/?cid=MKT491104&eid=MKT500707&clickid=01_69498845_36df0fd6-8652-4ab4-ba6a-e245419d68f5&PromoCode=MKT500707&assetId=AST151657&page=1

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin is becoming a great hedge against piling global debt: Crypto currency hedge fund

Michael Bucella, partner at BlockTower Capital, joins BNN Bloomberg to discuss the cryptocurrency markets and how institutions - not retail investors - are leading the charge in the recent rally in Bitcoin.

... a great 13:00 min to learn about the reality of trading crypto.

Bitcoin is becoming a great hedge against piling global debt: Crypto currency hedge fund - Video - BNN

... the Queen's Broker, known for being conservative, bought $750M of Bitcoin and looking to expand".

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Cyber criminals are targeting the websites of many companies involved in the buy/sell of Crypto-currency. They know that there is a lot of interest in Bitcoin right now with huge inflows of cash come Jan 01 2021.

Cyber criminals are attacking the DNS servers of authentic cryptocurrency firms. When you log into what you think is an authentic website, unknown to you, you are redirected to a convincing looking fake criminal website where a key logger can read your user name and password and quickly attempt to steal all of the money that is in your digital wallet.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

.... since this thread started in Dec 01 2020, a $1,000.00 USD investment would now be worth $1,300.00, a 30% return with a likely steep return continuing in Jan 2021 with a new President and large volumes of idle cash looking for a high yield investment.

BTC.CM= Bitcoin/USD Coin Metrics | 26890.1992343.59(1.29%)


BTC.BS= Bitcoin/USD Bitstamp | EU 26884.1895638.73(2.43%)


BTC.CB= Bitcoin/USD Coinbase | CH 26882.25160.75(0.60%)


BCH.CB= Bitcoin Cash/USD Coinbase | CH 362.8112.20(3.48%)




https://www.cnbc.com/search/?query=b...chterm=bitcoin

[copiertec]

Re: Anyone into Cryto currency?

Here is another good video that explains what is going on in our economy and some tidbits on crypto. Remember this is one persons opinion, but very good analysis current economic situation we are all in.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Is there a typo there? Only $50,000.00 min out of $25M?

Minimum opening investment starting Jan 04 2021 is $50,000.00 USD.

SkyBridge Capital, New York invested $25M of their own money and four months of their time to start the fund.

I expect this fund to be instantly over subscribed on Jan 04 as current clients of SkyBridge have first rights to invest. This is common practise with investment firms including the biggest names.

This fund will generate huge global interest within the investment media.

[slimslob]

Re: Anyone into Cryto currency?

... SkyBridge Capital has invested $25M of it's own capital to create an investment fund ($50,000.00 min) to make investing in Bitcoin accessible to wealthy retail investors.

Is there a typo there? Only $50,000.00 min out of $25M?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Why Anthony Scaramucci is betting on crypto: 'Bitcoin is in its early innings'

Why Anthony Scaramucci is betting on crypto: 'Bitcoin is in its early innings' - YouTube


... there is going tobe a wave of institutional capital move into Bitcoin in the first quarter of 2021.

... SkyBridge Capital has invested $25M of it's own capital to create an investment fund ($50,000.00 min) to make investing in Bitcoin accessible to wealthy retail investors.

... returns of 2X-3X are possible from this record high level.

... many investors see Bitcoin as a store of value

[copiertec]

Re: Anyone into Cryto currency?

... another new term to consider is "shadow currency". Because nation states are printing paper currency as fast as they can to stimulate their economies, at close to zero interest rates, at some point in time paper currency loses value.

A shadow currency is not tied gov't treasury notes. Physical assets like gold, silver and now crypto currencies will always retain their value when an economy crashes.

It is a dangerous game to take out high $ loans like a house mortgage at close to 0% interest rates when you can barely afford the payment and hope that interest rates will never rise.

Interesting times for sure.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

... another new term to consider is "shadow currency". Because nation states are printing paper currency as fast as they can to stimulate their economies, at close to zero interest rates, at some point in time paper currency loses value.

A shadow currency is not tied gov't treasury notes. Physical assets like gold, silver and now crypto currencies will always retain their value when an economy crashes.

It is a dangerous game to take out high $ loans like a house mortgage at close to 0% interest rates when you can barely afford the payment and hope that interest rates will never rise.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

bitcoin on a tear... price at $22000 plus...

Now at $23,000.00 as more Wall Street firms pile in.

Due to the world wide COVID-19 pandemic, many countries are forced to spend huge amounts of un-budgeted money to help their citizens and businesses.

Most countries are simply printing more cash to do this. A country's cash flow has always been linked to its physical gold reserves. The gold standard seems to be weakening.

Yields on gov't bonds are very low these days due to very low interest rates with almost no yields.

There is a lot of pent up demand for higher yielding assets and that money is flowing into Bitcoin. Expect a wave of new mutual funds focussed on Bitcoin. You can actually pre-purchase cryptocurrency insurance with each trade.

Buyer beware! Bitcoin, all cryptocurrencies and their trading systems are high priority targets for hackers and scammers.

Cyber criminals who frequent the dark web almost exclusively trade in Bitcoin.