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Showing 19 of 19 results by Kenneth_Bianchi
Re: SAUDI Arabia has banned the trading of cryptocurrencies..
Funny how everyone licks Saudi butts for monies ASK CANADA 
..
oH AND REMEMBER.. you wait for the rise to cash out for paper monies or digits on a screen that the Saudi have so much of..You lick Saudi butt holes ..
Well the british POLITICIANS DO ANYWAYS ASS LICKS THEY ARE FOR THE MONIES..
..oH AND REMEMBER.. you wait for the rise to cash out for paper monies or digits on a screen that the Saudi have so much of..You lick Saudi butt holes ..
Well the british POLITICIANS DO ANYWAYS
ASS LICKS THEY ARE FOR THE MONIES..It's called turning a blind eye while they recycle petrobonds to fuel US debt. Everyone knows it's not even worth the waste of paper printing that garbage on anymore, but someone needs to keep the American dream going.
Imagine 1 country makes bitcoin their currency do you know what will happen?..
Imagine you have a house for sale in your country imagine little billy with 1 million bitcoin that he bought for 500 dollars ? he can offer 3 times more for that house than anyone else will WHY because billy only paid 10p per bitcoin SO if 1 bitcoin was 250k dollars it really only cost billy 30p to offer 750k for the home..
NOW imagine your whole city little billy could buy your whole country for 200 pounds making him the ruler of your country
..
If you own all the land you own the country now with bitcoin already people who have many many millions of bitcoin that they paid peanuts for ..
It makes no difference to me if I only payed 1p per bitcoin it's what I payed for them that counts not what you pay for them but I ..
Well you could be paying 250k for 1 when I payed 1p for one..
So I say bitcoin will never ever become a countries currency not unless your crazy or have nothing left to turn too because your country has dictators ..
the only way it works if we all get 10k free tokens by making sure it's one person per claim ..UNIVERSAL INCOME ..
plus you must give every notice of 4 years to get ready to claim meaning we all get a fair starting point to live ..
To many people with massive amounts of bitcoin who will own everything while we beg for their scraps SO FUCK OFF you greedy fucks will never run my life..
Imagine you have a house for sale in your country imagine little billy with 1 million bitcoin that he bought for 500 dollars ? he can offer 3 times more for that house than anyone else will WHY because billy only paid 10p per bitcoin SO if 1 bitcoin was 250k dollars it really only cost billy 30p to offer 750k for the home..
NOW imagine your whole city little billy could buy your whole country for 200 pounds making him the ruler of your country
..If you own all the land you own the country now with bitcoin already people who have many many millions of bitcoin that they paid peanuts for ..
It makes no difference to me if I only payed 1p per bitcoin it's what I payed for them that counts not what you pay for them but I ..
Well you could be paying 250k for 1 when I payed 1p for one..
So I say bitcoin will never ever become a countries currency not unless your crazy or have nothing left to turn too because your country has dictators ..
the only way it works if we all get 10k free tokens by making sure it's one person per claim ..UNIVERSAL INCOME ..
plus you must give every notice of 4 years to get ready to claim meaning we all get a fair starting point to live ..
To many people with massive amounts of bitcoin who will own everything while we beg for their scraps SO FUCK OFF you greedy fucks will never run my life..
This does not follow. It doesn't matter if little billy got into crypto, usd, gold, or bonds early enough to make his millions. The fact is, he was there first, he saw the opportunity, and he acted. This makes him no different from other billionaire investors we see in the news today. It can't be blamed it on bitcoin--try to follow a thread of logic.
Oh and universal income breeds compulsive laziness and complacency. It's the worst idea since helicopter money.
⭐ Merited by mprep (1)
Alex Jones is the definition of tinfoil. He was rightfully banned for making slanderious accusations against politicians and families of murdered children. He doesn't even know how harmful he is to other people.
I call this "rabbit hole" syndrome. People get so deep into the rabbit hole chasing conspiracies that they lose track of who they thought they were. It can actually be draining after a while. You get so wound up over the "real meaning" behind every event that you even second guess the air you breath.
While skepticism is healthy to have, it's not worth freaking out over every little thing. You've got to question every thing around you, sure, but don't be blaming illuminati reptilian gods for eating the souls of little children to fuel their demonic alters. Or whatever they are talking about these days.
Bitcoin reached 20k last year without an ETF. All this hype and talk about the ETF is so overblown, cryptocurency doesn't need it , we are backed by the people.
But then it collapsed due to nothing, and it likely only kept rising due to manipulation, or at the very least all the FOMO from new investors.The market is fickle, but the ETF will at least temporarily cause some excitement and a flurry of new money coming in and that's what we could do with right now even if it's only short lived.
That's got to be from the futures contracts. As soon as they introduced those, half the investing world took short positions on the coin. And then it started to falter...
I think that all of these investment tools are just going to cause more headaches for bitcoin users. Especially if they want to start using a fractional reserve system and start borrowing against the coin for commerce. Bitcoin needs to have a decentralized system of exchange, and all of these other things are not going to help to keep that decentralization.
NOTE : Questions from LAYMEN.
bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
Tried, tested, blamed, still for a decade Bitcoin is going good (antifragile). Like the futures, ETF would be a much better opportunity for the rich bags with fiat to get into bitcoin. It would further establish Bitcoin as a mainstream financial asset when it's a peer-to-peer censorship resistant currency.
You did saw the hype futures brought in December. Something like that would happen have if SEC approves Bitcoin ETF, but temporary/artificial, maybe again some FOMOs would get burned.
Bottom line, why a decentralized network worry about its survival if a centralized proposal is approved or not.
Exactly, it makes no bloody difference whether there is an ETF, EFT, or FTE. The only thing that matters is that bitcoin has shown that it is robust against all of these difficulties and has a valid concept that holds up. There doesn't need to be institutional investment, although it can help for a short term boost. It would be nice to have a little pump up again, but it will still continue to gain in value regardless.
There's too much obsession with these investing tools. It's better just to observe bitcoin for what it is and use it to the best of its ability without interference from centralized investment schemes.
The Russian ruble and British pound are used for many millions of transactions every day, far more than the amount of transactions that Bitcoin is used for.
They also have economies that are entirely reliant on them, while Bitcoin is only used (as a currency) by a very small fraction of the population, hence why most merchants don't accept it.
Bitcoin isn't comparable to these major world currencies.
They also have economies that are entirely reliant on them, while Bitcoin is only used (as a currency) by a very small fraction of the population, hence why most merchants don't accept it.
Bitcoin isn't comparable to these major world currencies.
Yeah but this is looking at total in circulation, not total being transacted every day. Those are two different stories altogether.
Do these numbers account for the amount in virtual circulation? Because fiat currencies are about 10x larger if so. The fractional reserve system allows banks to create money out of thin air. Every $10 put in they can lend $9 out to another client and make more money off of that. So in comparison, bitcoin's market cap might be much smaller.
Re: SAUDI Arabia has banned the trading of cryptocurrencies..
FUD and more FUD.. Anything to crash the price of BTC even further.
Again and again. There was something about Indonesia a while back too "making bitcoin illegal" when in fact it was just declaring that the Indonesian Rupiah was the official money. Gee, what a surprise.
All this bad news and not a blink. Seems like the market just doesn't give a shit anymore. It didn't react to positive news about Starbucks and those other capitalist whores getting behind Bitcoin, and now it's not reacting to frauds, scams, "bans", or whatever. Must be getting old or something.
Jones profits off of selling stereotypes and one-sided arguments. He's been spinning a thread for so long that he's nearly wrapped himself up in it fully. It's good that he's exposing info that mainstream media doesn't usually deal with, but his bias is so strong that he's losing clarity himself. ...
Jones had this 'crazy paranoid conspiracy theory' that the corporate tech giants were going team up and take his InfoWars site down.
What a nut-case and a kook! It would never happen in America. Right? Ooops.
If you've paid attention to Jones' work over the last nearly two decades as I have, you'll find a LOT of the 'crazy conspiracy theories' that the guy has expounded upon have later proven to have been dead on. If you get your information from The Daily Show you probably will not have noticed this so much.
I first heard of Alex Jones slightly post 9/11 when he was on a rant about how 'they' were going to stage a big terrorist incident and 'will probably blame it on someone like Osama bin-Laden.' Supposedly the rant occurred prior to 9/11, but I've never been able to verify this 100%.
Yeah really, I never knew he was that accurate! That's the thing about conspiracy theories, they oftentimes become conspiracy facts. But by the time they do, it's far enough down the road that most people have already forgotten.
I just find the way he speaks a bit extreme, but I haven't got anything against him. I get most of my news from zerohedge because they have a way of putting in the perspective of the markets that I like. And the touch of sarcasm always helps a bit too
How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??
Wait, how can we use the last hundreds of years as a comparison when only recently a new form of currency had been introduced that is fully digital and relies only on a combination of numbers and letters to exist? The historical viewpoint is only valid until history takes a major step forward, namely a revolution.
Bitcoin is a part of the internet revolution which makes it unique from gold and silver. These assets existed in physical form as objects of comfort for ordinary folk when they felt that the value of their money was decreasing, but now there are more options to serve that purpose.
What is your guys opinion on Alex Jones?
He is a very energetic fellow, straightforward and gets to the point. But can he be trusted? He openly supports Trump and hates globalists from what he says in his videos. I want to believe and support Alex Jones and believe that it is the right thing to do, but I am not sure who to trust anymore. One thing is for sure. I do not trust the mainstream media, liberal or republican,but why should I trust the non-mainstream media?
Thoughts?
He is a very energetic fellow, straightforward and gets to the point. But can he be trusted? He openly supports Trump and hates globalists from what he says in his videos. I want to believe and support Alex Jones and believe that it is the right thing to do, but I am not sure who to trust anymore. One thing is for sure. I do not trust the mainstream media, liberal or republican,but why should I trust the non-mainstream media?
Thoughts?
Jones profits off of selling stereotypes and one-sided arguments. He's been spinning a thread for so long that he's nearly wrapped himself up in it fully. It's good that he's exposing info that mainstream media doesn't usually deal with, but his bias is so strong that he's losing clarity himself.
Before hating on people for supporting Trump, understand that Trump is the illusion himself. He is a massive distraction from more important issues that are happening behind the scenes, and the media focus so much on him just to get people to waste their energy. He is a puppet, and he is playing the clown as he does so. He clearly wants to show that he is the boss of himself.
If you want something that exposes the truth but isn't blatantly shoving bias in your face, look at Abby Martin. She's clearly against the US, but she piles up the evidence to give a reason for it.
That's what makes this a bit illogical, with all that positive news about Bitcoin's accessibility and adoption for different businesses, why would it be going down still? Wouldn't people want to buy it because of those reasons?
Inflated prices in 2017?!?! Things don't increase in value 500% "normally," at the 15k mark everyone knew "this is crazy"
It's probably still overvalued today and will be at around the same level it is today until early next year.
Everyone who wants GAINS can fuck off, bitcoin didn't ask you to buy it trying to make money off it.
Anyone who wants to lose more money will buy altcoins which are ABSOLUTELY overvalued and going to lose people tons of money.
Bitcoin just keeps sitting there, being valuable with no way to really tell how much it's really worth.
Yes of course, it was way overvalued then. But now, it is in the sideways stage where it becomes range-bound for weeks or months. That's not the point here though. The price showed absolutely no reaction to some fundamentally positive news of being adopted by major commerce giants. Logic says it should at least make some sort of reaction, but no one is calling for a full out bull run here. This is about market mechanics.
We won't see that kind of bull run again, nor do we need to. The point is that bitcoin is an asset that is traded publicly and therefore behaves in similar ways.
The abnormal thing in yesterday's decline is the positive news from NYSE[1] and Starbucks[2].
The past days have been full of good news for Bitcoin and cryptocurrencies regarding traders adopting and extinguishing the institutional nature of digital assets, by accepting Microsoft, Starbucks with this technology.
Despite this positive, however, the market has been dealt with negatively as the price of the bitcoin has dropped about $ 500 in less than 6 hours.
I read some of the analysis of "OTC that is the reason for this decline.[3]" Of these analyzes are true, Bitcoin still suffers from the dominance of big whales.
Sources:
[1] The NYSE's Owner Is Launching a Startup Exchange for Bitcoin
[2] m/2018/08/03/starbucks-partners-with-microsoft-ice-on-new-cryptocurrency.html]Starbucks team with Microsoft on new payment using bitcoin
[3] Bitcoin Over-the-counter
The past days have been full of good news for Bitcoin and cryptocurrencies regarding traders adopting and extinguishing the institutional nature of digital assets, by accepting Microsoft, Starbucks with this technology.
Despite this positive, however, the market has been dealt with negatively as the price of the bitcoin has dropped about $ 500 in less than 6 hours.
I read some of the analysis of "OTC that is the reason for this decline.[3]" Of these analyzes are true, Bitcoin still suffers from the dominance of big whales.
Sources:
[1] The NYSE's Owner Is Launching a Startup Exchange for Bitcoin
[2] m/2018/08/03/starbucks-partners-with-microsoft-ice-on-new-cryptocurrency.html]Starbucks team with Microsoft on new payment using bitcoin
[3] Bitcoin Over-the-counter
That's what makes this a bit illogical, with all that positive news about Bitcoin's accessibility and adoption for different businesses, why would it be going down still? Wouldn't people want to buy it because of those reasons?
How would OTC be the reason for the decline? It's just a marketplace where retailers buy and sell coins. That's like saying that the Nasdaq was the reason for the decline in tech stocks last week. The exchange mechanism is just a place for trading.
Maybe some of the central bankers are getting in line and shorting Bitcoin for shits and giggles.
Re: Beware: SIM Hijackers Steal Over $5 Million in Bitcoin in First Reported Crime
The power of SIM cards is incredible these days. Banks are using them for verification, crypto wallets have them with 2FA, and more and more sensitive information is being stored on people's phones.
It's hard to believe that you can lose so much if you lose your phone. A thief can use that phone to access your information and take out massive loans in your name. Or they could get your bitcoin keys, bank password, anything you use to keep money. People need to be more careful about what they leave lying around inside their phones.
But yeah, it's definitely the operators' fault. That's just plain stupid, transferring SIMs that easily.
It's hard to believe that you can lose so much if you lose your phone. A thief can use that phone to access your information and take out massive loans in your name. Or they could get your bitcoin keys, bank password, anything you use to keep money. People need to be more careful about what they leave lying around inside their phones.
But yeah, it's definitely the operators' fault. That's just plain stupid, transferring SIMs that easily.
Interesting. All the volume is at ABCC, more than 80% of the volume is against ETH pair, and we all know how ETH has fallen almost 20% in the past week, which might correlate to ABCC's price increase (since if it pairs on ETH and ETH is getting cheaper, then, that makes some sense. Singapore based, I've actually never used an Asian exchange.
Too lazy to check out 0 fee... how's that done?
Too lazy to check out 0 fee... how's that done?
Something smells a bit fishy here... it's another one of those "too good to be true" types of investments maybe? How can things be so good? What's behind this, and why did it get such a huge support in such a little time? They've got a professional looking website though.
There are a lot of people endorsing it on here but that doesn't necessarily amount to much, at least at this point now. I don't really understand where the profit would come from if there's a 0 fee. Is it the trade-to-mine concept that they are using? Whenever there's no fee, there's got to be money coming from somewhere else...
Yeah there's so much information to swim through nowadays, and so much work behind finding the right ICO. It's a bit overwhelming for someone who hasn't done much work with crypto to try and distinguish one from the other. Thanks for the list of pointers, that is certainly good advice.
I don't know if it would be better to hire someone to do this for you or not. It might help to work with an advisor at the beginning just to see how they do it, and then start out for yourself, but starting small.
I don't know if it would be better to hire someone to do this for you or not. It might help to work with an advisor at the beginning just to see how they do it, and then start out for yourself, but starting small.
There is always a possibility that a successfully looking project would collapse right in the middle, so everyone's advice here is just "Invest on what you can afford to lose", You are right start small. Also no advice is perfect, the best teacher is always experience. Also there are some review sites like icobench and menlo.one that can help you where to start investing your money.
It's good to invest small and lose small, but in order to be rich, I believe that the higher your risk appetite, the bigger your potential gains; of course it would ultimately depend on the project you choose to invest in. Just like what I did with Neo and Spectre, I'm gonna wing it with Menlo One.
Exactly, extremely high risk assets have great potentials for return so don't need to have extremely large investments. If someone wants to buy 0.5 BTC now they'll need almost $4000, but if they put that money into 20 different cryptos at $200 each, some may win, some may lose, but the ones that gain will gain 1000's of percent.
That depends again on the amount a person is able to lose. You've got pretty strong faith in Menlo, so it's good to invest more in them than the other coins to maximize the potential
Note: See on the right side of each post (top right corner) there is "+Merits"
I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.
Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.
Example:
Profit for gold and silver for year 2016 is 12%.
Profit for gold and silver for year 2017 is 0%
Profit for gold and silver for year 2018 is 8%
Profit for gold and silver for year 2019 is 16%
So average profit for 4 years is +9%
How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??
I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.
Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.
Example:
Profit for gold and silver for year 2016 is 12%.
Profit for gold and silver for year 2017 is 0%
Profit for gold and silver for year 2018 is 8%
Profit for gold and silver for year 2019 is 16%
So average profit for 4 years is +9%
How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??
Gold's value cannot be contained. I think it has a higher value than it is priced at right now, and will only continue to rise. It went on a huge bull run a few years ago and is still recovering from it (similar to how bitcoin might behave--but there are other features of bitcoin that add to its intrinsic value).
I usually balance between a few of them. Keep some in fixed deposits, others in gold, others in bitcoin. Sell the gold when it gets high and put it in bitcoin. Sell the bitcoin when it gets high and put it in gold.
The only issue with gold is storage. You can get a safety deposit box at your bank, or just buy a safe and bolt it to the floor in your home.
Yeah there's so much information to swim through nowadays, and so much work behind finding the right ICO. It's a bit overwhelming for someone who hasn't done much work with crypto to try and distinguish one from the other. Thanks for the list of pointers, that is certainly good advice.
I don't know if it would be better to hire someone to do this for you or not. It might help to work with an advisor at the beginning just to see how they do it, and then start out for yourself, but starting small.
I don't know if it would be better to hire someone to do this for you or not. It might help to work with an advisor at the beginning just to see how they do it, and then start out for yourself, but starting small.
Re: Only a mature and regulated crypto market will attract big investors.
Mature and regulated crypto isn't the only factor that can't make big investors come.
There are big players out there that are still speculating and they are not prepared for the market and they assumes the outcome already. As much as possible they are calculating risk and most of all, they are not well versed and knowledgeable with the market.
There are big players out there that are still speculating and they are not prepared for the market and they assumes the outcome already. As much as possible they are calculating risk and most of all, they are not well versed and knowledgeable with the market.
There are big players who are already a while in Cryto and might partly be the reason why the bull market has turned into a bear market. The reason are Futures, since this year large financial institutions are able to bet on the price of Bitcoin Futures without risking any of their funds to be stolen or hacked at any of the many still immature exchanges. They simply short Bitcoin and profit when the price goes down. I am in the financial market already more than a decade market and I know my stuff a little bit. George Soros and others who believed in January that Bitcoin is overpriced and went in and bet against it. I have no 100% proof but everything indicates towards it. Do your research and you will come to your own conclusions.
As part of my job I am talking to many clients everyday, some with backround in trading and investment, and I am amazed how few people see this connection.
The futures are seen as higher risk contracts than other products so some mainstream investors don't like to get involved with them. Certainly, they would represent a lower level of risk than exchanges that arbitrarily determine the price, but they still have very large exposures and you need deep pockets to be able to handle a large move with a futures contract. That's why this ETF thing is getting so much attention. It's a "medium risk" product (although in reality there is no such thing as medium risk)
Another interesting valuation of bitcoin that no one seems to notice is the Chinese Yuan. Capital flight out of China has found a new vehicle--bitcoin. Compare the USD/CNY & USD/BTC back in Dec & Jan and you'll see that they both made major moves at nearly the same time.
I've been hearing this more and more from mainstream media sources... maybe they're trying to turn people away from gold/franc/yen? Gold especially has always been a thorn in the back of central banks because it doesn't allow them as much freedom to manipulate their currency and devalue it. People from Eastern countries know very well that gold is the most secure way to protect themselves from a rainy day, and it is a large part of their tradition to buy up gold and resell it several years later to buy something big like a car or a house.
This is why bitcoin is being ascribed similar features. People are turning to it to protect themselves from global risks, like trade wars. If China and the US go into a full out trade war, you'll see a lot of damage on the stock markets and the currencies. Investors will want to protect themselves, naturally.
This is why bitcoin is being ascribed similar features. People are turning to it to protect themselves from global risks, like trade wars. If China and the US go into a full out trade war, you'll see a lot of damage on the stock markets and the currencies. Investors will want to protect themselves, naturally.
It's definitely worth of being a currency, but is it ready? No. There's still a lot that needs to change. When it will be ready, it will just be another $ without physical form. People overestimate bitcoin as a currency. It will do great things until it reaches the "normal money" status, but when it will happen, there won't be any difference from todays money.
Yes that's true, assuming it can settle down and stabilize itself. This is a very good thread because it brings up some intelligent issues behind the coin being accepted as a currency that most don't acknowledge.
At this point in time, there's no way it can meet any of those three criteria. But can it in the future? Who knows, maybe if centrally regulated. But then that would kind of defeat the purpose, wouldn't it? Now the biggest problem bitcoin faces in terms of regulation is stabilization and standardization of prices. If one exchange is quoting prices 2% higher than another, that could be a difference equal to thousands of dollars