Anyone into Cryto currency?

[SalesServiceGuy]

.... 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

[SalesServiceGuy]

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]

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".

[Phil B.]

https://secure.investorplacenow.com/...T151657&page=1

[SalesServiceGuy]

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.

[jmaister]

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]

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.

[slimslob]

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]

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

Pure profit taking from a $34,000.00 USD all time high. That same money has likely bought back in at $30,000.00 today.

With the arrival of jan 01 2021, Bitcoin has been accepted as a store of value by the leaders of finance around the world. Expect automated trading from here on.

For those who fear that Bitcoin can suddenly drop in value, you can buy an expensive insurance program to protect your investment.

For those who cheer for Bitcoin to crash in value, you can "short" the currency and hope to profit.

[jmaister]

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.

the problem with devaluing is much much bigger tho no?

“People don't have ideas. Ideas have people.”

When you have something so big, and only allow monetary "success" be the barometer, everything else start taking forms with heavy bias to satisfy the condition. The trend start taking its own form, and have its own momentum, we end up being the slave feeding it...

Technology and Consumerism IMHO are great example. We have long pushed for innovation.

But innovation has now become individual's branding, as long as its different, its innovation. As long as its not the same, its innovation. As long as the profit margin is large enough, the real Benefit of any innovation is not as important. Like 4k tv and HDR, do we actually see in 4k/8k/16k? Why push for that? What was once valuable, becomes less.

so back to the initial thought... The Economy is a flawed system, having a encrypted digitally traceable currency doesnt fix it.

Satoshi Nakamoto wanted to end the double spending, but the problem isnt the system, its the users. Users with flagrant habits.






punch line: 50in Tv is way cheaper tho, yay?