BITCOIN

tranquility1

Zola. said:

Scottex99 said:

https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-enters-metaverse-with-first-nft-purchase/?sh=3cd6b8d268b3

Things about to get crazy it seems

Look at this: https://decrypt.co/79125/ethereum-rock-jpeg-sells-for-600k-as-nft-frenzy-continues

!!!!!!?

Surely the only purpose for NFTs of ridiculous jpgs of a rock is purely about money laundering... what else could the appeal be? 

"how do you explain this half a million?"

"oh I sold some artwork, check this awesome rock out!"

I can get proper artists selling originals, but not all this silly stuff... dont understand the value

If only there were an historical precedent🌷

adindas

Hexane said:

adindas said:

Zola. said:

Just hit $50,000 again. 

Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

You mean like birthdays and anniversaries?

You know, that breathless way of communicating reminds me very keenly of those random people I don't know who phone me up to tell me things I don't want to know. Less pronouns and conjunctions in places where they should be, and slightly more pronouns and conjunctions in places that they shouldn't be.

Nope, not birthdays and anniversaries. Children like to throw tantrum when they have nothing to argue or to say.

And again how stupid they are if they do not know that there is an ignore button outthere.

tranquility1

Palantir buys gold bars as hedge against black swan event.

They know something you don't.


https://uk.finance.yahoo.com/amphtml/news/palantir-buys-gold-bars-hedge-175654233.html

Zola.

On the grand scale, $50m is nothing, especially when you consider Tesla bought $2.5bn Bitcoin. 

Malthusian

tranquility1 said:

Palantir buys gold bars as hedge against black swan event.

They know something you don't.

Not true. I also know that something unspecified will happen at an unspecified time in the future. I am so certain it will happen I will bet a fiver on it.

tranquility1

BlackRock and Lloyds buying up residential properties too.

When these in-the-know institutions start parking their money in hard assets you should know something is about to happen.

bugbyte_2

tranquility1 said:

BlackRock and Lloyds buying up residential properties too.

When these in-the-know institutions start parking their money in hard assets you should know something is about to happen.

What, this one?

https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000VHPP

which Blackrock launched in 1982?

I'm really not anti crypto or NFT but I can only conclude that normal people who don't generally have to pay a sex trafficker in Poland (your example) and the height of their spending is a trip to Tescos (that's 99.9% of us BTW) aren't going to ditch Fiat for a unregulated exchange system that has zero safety net and wildly fluctuates. Why would we? There is no reason to. The existing system works and is effectively free, stable and regulated to a degree that if there is a problem it can be resolved. Why would the vast majority of us want to give this up?

The vast majority of us also aren't that selfish that we wish for the collapse of society where no one pays any tax and therefore there is no education, health, police, transport just so we can be 'off grid' and save a few quid. It amazes me that people cannot see that the real players in this - those with tens of millions - pump the price to a 'new ATH' then sell, taking ordinary peoples money. Then do it again, and again, and again. And you all think you are in with them and won't get burned.

There will be a digital currency we all use very soon, I am convinced of that, and it may mirror the work done so far. But it wont be an existing coin - it will be something cooked up by world governments. 

As regards 'black swan' did you not notice the last 'black swan' event crypto crashed, unlike gold.

Zola.

Blackrock also investing heavily in Bitcoin mining companies - the companies who mine the bitcoin blocks and keep Bitcoin minting new coins, effectively. 

https://uk.sports.yahoo.com/news/blackrock-invests-384m-bitcoin-mining-121211742.html

How anyone can doubt the potential of Bitcoin at this point is somewhat staggering. 

adindas

tranquility1 said:

BlackRock and Lloyds buying up residential properties too.

When these in-the-know institutions start parking their money in hard assets you should know something is about to happen.

This is one of the methods I am using when targeting high Growth Stock. I will check the data from institutional Investors. How many institutional Investors are buying the stock comparing to how many of them are selling the stock? You could get this data for free from a number of financial analytical sites. If there is significantly difference of volume in buying than selling then I will start digging it further.

Institutional investors have a lot of resources, analytical tools that retail investor do not. They have money to subscribe to the sites or even develop their own propriety tool to analyse and study the volume and price movement.

The few that come on the top of my head for analysing the potential of short squeeze for instance:

https://www.ortex.com

https://fintel.io

But unfortunately, the meaningful data will only available under the pay wall.

Fintel.io is the best for seeing WHO is shorting what. Ortex.com is the best for seeing HOW MUCH is being shorted.

terratus

bugbyte_2 said:

tranquility1 said:

BlackRock and Lloyds buying up residential properties too.

When these in-the-know institutions start parking their money in hard assets you should know something is about to happen.

There will be a digital currency we all use very soon, I am convinced of that, and it may mirror the work done so far. But it wont be an existing coin - it will be something cooked up by world governments.

Central banks are creating their own digital currency, CBDC's (central bank digital currencies).

I realise this is a BitCoin thread but one of the leading companies leading on this and assiting governments is called Quant. They have ties to the Digital Pound as the founder of Quant once worked at the Bank of England. Quant have already confirmed the South American digital dollar with 12 countries currently signed up. Also talk of a digital Euro but lot's of non-disclousure agreements so some speculation at this point.

I'm not invested in Bitcoin but I am in Quant (partly for the reason's mentioned above). Very interesting and exciting future.

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Unrelated but for the neighsayers and crypto haters here, why even waste your time posting in this thread? Leave the thread to those that are interested in learning more.