BITCOIN

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.

--

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.

Zola.

My personal opinion is that central bank digital currencies will push the popularity of Bitcoin even more. 

Who would want the government to see each and every purchase you make, even if it's utterly boring? Also if the government owns the currency supply there's nothing to say they cant seize all your wealth, take fines right out of your account, etc. It's set up for the ultimate invasion of privacy and totalitarian control. 

People want true sovereignty of their wealth and Bitcoin may be the solution for that. 

kuratowski

terratus said:

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.

For sake of balance, we need both sides.  Crypto enthusiasts don't want to see the luddites bashing all things crypto without a chance to respond.  Likewise, investors who stick with traditional financial markets don't want to see pump-and-dumpers hyping crypto without a chance to rebut.  So it cuts both ways.
A few comments on here can get a bit extreme, but most people are being well-behaved, partly because they know if they exaggerate someone else will pick them up on it.

bugbyte_2

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.

Because there is a fair bit of rubbish on here presented as fact, and that actually does crypto a massive disservice because if you present it as something it is not, people get cagy and go in the opposite direction. Just because what crypto fanbois post stuff that conforms to your world view does not mean that it is correct.

Factually, crypto is not used for the vast, vast majority of transactions and IMHO in its present form never will be. It is simply something people can trade manipulated by large players because they can because it is unregulated which will make some people very rich and naive people very poor. 

Incidentally, the talk of going from $50,000 to $100,000 is fine and may well happen, but don't think it is unusual. Individual stocks double all the time and the S&P500 doubled in the last 5 years. There are less riskier ways of doubling your money.

adindas

terratus said:

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.

--

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.

In my personal opinion this will just defeat the main purpose of the creation of cryptos, e.g., to have a decentralised system.

It is also a duplication. What is the advantage of having Central banks digital currency (CBDC) over the system which already have a good infrastructure, massive well connected networks and already work well such as Credit/Debit Card using payment processing such as VISA/Master/Amex, wireless payment?

Malthusian

Zola. said:

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. 

Via its ETFs. In other words its investment in crypto token mining is entirely passive, not a conscious decision by BlackRock.

The investment is spread across a number of BlackRock's mutual funds and exchange-traded funds (ETFs), such as its iShares Russell 2000 ETF. (Coindesk)

By this argument, investment in booze, fossil fuels, nappies, and literally anything else you can think of sold by a company in the major stockmarket indices like the Russell 2000 are bound to go to the moon, because BlackRock will have billions invested in all of them.

"Bitcoin must go to the moon because BlackRock is investing in crypto miners" is an appeal to authority, a logical fallacy. That goes triple when you are so desperate to come up with appeals to authority that you latch onto a company investing in miners via passive tracker funds purely because those companies are in the index, not because it thinks they will rocket in value.

Besides, I thought that Bitcoin was supposed to liberate us from greedy bankers like BlackRock.