BITCOIN

Thrugelmir · 3 November 2021 at 12:53AM

Zola. said:

https://twitter.com/BitcoinMagazine/status/1455645031356829696

Banks simply want to make profits for their shareholders. They've identified an opportunity.

Zola. · 3 November 2021 at 6:55AM

Yes, gradually, then suddenly.. if all the major banks start offering this service to stay competitive it will lead to a massive supply squeeze.

Bitcoin has never seen such mainstream adoption so quickly. Its future looks very bright.

adindas · 3 November 2021 at 10:54AM

Thrugelmir said:

Zola. said:

https://twitter.com/BitcoinMagazine/status/1455645031356829696

Banks simply want to make profits for their shareholders. They've identified an opportunity.

PUT TOGETHER ON THE SAME GRAPH WITH BITCOIN (BTC)

PUT TOGETHER ON THE SAME GRAPH WITH ETHEREUM (ETH)

(Mind you, you might need magnificent glass or to Zoom In, to be able to see LLOY and NWG)

The banks owned by the taxpayers. Lucky you shareholders.

In many cases, the shareholder’s money is used to pay the fat cat executive pays to pay the bonus/incentive, to pay dividend (for a bribe) even their banks make a loss.

The executives try to maximise the short-term performance to look good and to maximise the bonus; even it will mean the long-term performance will suffer. When they are about to be taken accountable, they have already left

Compare it to large cap, mega Cap Tech company executive pays in cash.

adindas · 6 November 2021 at 10:55AM

This is what happen if you do not have good control and you try to move the price.

Mind you this these people are multi billionaires.

But hundreds of millions of people might do individual action which s/he thinks the best course of action to preserve their assets based on physiological pressure. Hundreds of millions of people bound by psychological tied and they might just follow the crowd, in the same way the mass are behaving the middle of the crowd; in the same way they act in case of market crashes.

Would you count the price movement in any market crashes in the history as a scam, a price manipulation, a P&D?? If you browse some people on this thread are comparing the move by people on Wall Street Bets similar to a P&D, a scam.

Keep in mind the people action is based on their own individual decision which they believe the best course of action for themselves; not a collusion, to act in coordinated way. It is similar when you see an advertisement, a campaign, it is entirely up to you to decide.

If the whales do not have a great control, they might end up like multi billionaires who were shorting TSLA, short squeeze case in GME, AMC, VW, losing money.

Main crypto such as BTC has around US$1T+ market cap, ETH has around $US525b+. With such market caps if the price manipulators are acting rationally (do not want to take a very risky decision), they will only be risking huge amount of money when they could dictate the outcome. P&D case is frequently found with penny stocks with, micro/small market cap, especially with low float. With penny stocks like this you only need relatively small amount of money to move the price, and you will have a great chance of success

Below is the distribution of people who own BTC and ETH

You will never know at what price the other people you do not have control of will be adding their position, the new comers will enter the market enter, pushing the price up again!!!

What Michael Burry and other multi billionaires are doing with Tesla; What hedgies like in GME, AMC, VW case are doing (apart from naked shorting which is yet to be proven), are not illegal as there is no evidence of collusion. However they are also risking their own money and you have seen how they have ended up. It is not uncommon people make or lose money in a casino and casino is not illegal..

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

RolandFlagg · 8 November 2021 at 2:12PM

First minute of this interview Mark Yusko nails it.

https://www.youtube.com/watch?v=6XhIpKoi5dY&ab_channel=CNBCTelevision

As for the banks. They know what's coming.
First they ignore us, then they mock us, then they join us.

If they don't embrace crypto they are going to be this generations equivalent to Blockbuster Video.

Evolve or Die.