BITCOIN

Adyinvestment

Could be that China may be getting FOMO  

Since when did the Chinese government ask the people their opinion on how to implement laws

Bitcoin price predicted to soar to $220K as China considers reversal of mining ban | City & Business | Finance | Express.co.uk


 

tebbins

Adyinvestment said:

Could be that China may be getting FOMO  

Since when did the Chinese government ask the people their opinion on how to implement laws

Bitcoin price predicted to soar to $220K as China considers reversal of mining ban | City & Business | Finance | Express.co.uk


 

You are basing your investment decisions on the basis of a prediction in the Express about a country, the main national priority of which is unity and cohesion, with a national wealth of $75tn USD, reversing it's crypto mining ban, because of FOMO?

Why not check your horoscope while you're at it, or better yet, the weather forecast?

Adyinvestment

tebbins said:

You are basing your investment decisions on the basis of a prediction in the Express about a country, the main national priority of which is unity and cohesion, with a national wealth of $75tn USD, reversing it's crypto mining ban, because of FOMO?

Um...no. I have no idea how you managed to come to that conclusion.

I would prefer China to keep out of Bitcoin.

RolandFlagg

https://www.cnbc.com/2021/10/25/mastercard-says-any-bank-or-merchant-on-its-vast-network-can-soon-offer-crypto-services.html

News of Mastercard Bitcoin adoption.

adindas

RolandFlagg said:

https://www.cnbc.com/2021/10/25/mastercard-says-any-bank-or-merchant-on-its-vast-network-can-soon-offer-crypto-services.html

News of Mastercard Bitcoin adoption.

On The response to this BKKT Jumped 234.43% yesterday. Another 58.99% Pre-Market today. 

I have BKKT  but unfortunately very small and also I sold half of it yesterday. So not good enough to make a killing.

BKKT in its own right provide an Ecosystem for Digital Assets, so even without Cooperation with Mastercard they are already promising in its own right.

RolandFlagg

A nice educational video for those interested:

https://www.youtube.com/watch?v=ZKwqNgG-Sv4&ab_channel=ArtoftheProblem

Scottex99

That's nicely made. Reminds me how little I understand how the BTC POW actually works though!

Must have been made pre the last halvening too as it's 6.25 now.

Well worth a watch for anyone who doesn't believe in how the network works and why it's never been hacked or been offline too

Zola.

The longer the chain gets, the harder it is to hack.

So every day that passes by without failing, the harder it is to shut off and the stronger the network becomes. In the early days, it could have been easily killed via a 51% attack (gaining more than 50% of the chain). That is practically impossible today. 

Explainer here:

https://www.youtube.com/watch?v=ncPyMUfNyVM


Bitcoin has no owners, no face. Anyone can also fairly easily run a Bitcoin node if they download Bitcoin Core. This is what makes it the only truly decentralised crypto asset. If you cannot do this with any other "crypto", then it is not truly decentralised. This is why 99% of other "cryptos" will eventually fail. Bitcoin has already won. 

For those who prefer to read, this is recommended.

https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f

adindas

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

tebbins

adindas said:

Does anyone know what is the P/E ratio of this art ??

https://en.wikipedia.org/wiki/List_of_most_expensive_paintings

Fair market value determined by an "independent" appraiser when the owner donates it to a museum, less the price they paid = net profit on the charitable donation you can relieve against your income tax.