User Panel
[#1]
Originally Posted By Caeser2001: Gary Gensler is Professor of the Practice of Global Economics and Management, MIT Sloan School of Management, Co-Director of MIT's Fintech@CSAIL & Senior Advisor to the MIT Media Lab Digital Currency Initiative. He conducts research and teaches on blockchain technology, digital currencies, financial technology, and public policy. View Quote |
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No one is coming. It's up to us.
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[#2]
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"And I never did get my lawnmower back!" - Bandit 6
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[#3]
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[#4]
Originally Posted By felrom: Obama was a professor of constitutional law. View Quote View All Quotes View All Quotes Originally Posted By felrom: Originally Posted By Caeser2001: Gary Gensler is Professor of the Practice of Global Economics and Management, MIT Sloan School of Management, Co-Director of MIT's Fintech@CSAIL & Senior Advisor to the MIT Media Lab Digital Currency Initiative. He conducts research and teaches on blockchain technology, digital currencies, financial technology, and public policy. Apples and oranges. Go to YouTube and just search his name and crypto. He’s very pro crypto. Dude is smart as fuck and would tear Yellen a new asshole in a senate hearing, IF, he gets confirmed as SEC chairman AND she is confirmed as Treasury Secretary. |
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[#5]
This rollercoaster is fun.
Red Hot Chili Peppers - Love Rollercoaster [Vídeo Oficial ??] |
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[#6]
Just bought another $100 of BTC tonight with the drop!
I've been getting FB ads for coinbase app. The comments are a majority of crypto doomers. |
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"You know how butt ugly people are said to have hit every branch on the way down the ugly tree.
Well, the dumbass tree done drilled you in the butt and laid eggs in ya." -RJinks |
[#7]
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[#8]
GBTC up 7.5% today
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"Problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented."
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[#9]
Originally Posted By Default-Gateway: 10 million dollar dip buy. https://www.google.com/amp/s/www.coindesk.com/microstrategy-buys-the-dip-adds-10m-to-bitcoin-treasury%3famp=1 View Quote And here I was patting myself on the back for picking up another 0.01 BTC in the dip. lol |
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[#10]
Originally Posted By Nonchalance: And here I was patting myself on the back for picking up another 0.01 BTC in the dip. lol View Quote View All Quotes View All Quotes Originally Posted By Nonchalance: Originally Posted By Default-Gateway: 10 million dollar dip buy. https://www.google.com/amp/s/www.coindesk.com/microstrategy-buys-the-dip-adds-10m-to-bitcoin-treasury%3famp=1 And here I was patting myself on the back for picking up another 0.01 BTC in the dip. lol They made two buys last year totaling close to a billion dollars at that time. I think they have double or tripled their investment by now. |
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[#11]
Grayscale supposedly investing heavily into Tezos?
Should help the price. |
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[#12]
Originally Posted By Default-Gateway: They made two buys last year totaling close to a billion dollars at that time. I think they have double or tripled their investment by now. View Quote View All Quotes View All Quotes Originally Posted By Default-Gateway: Originally Posted By Nonchalance: Originally Posted By Default-Gateway: 10 million dollar dip buy. https://www.google.com/amp/s/www.coindesk.com/microstrategy-buys-the-dip-adds-10m-to-bitcoin-treasury%3famp=1 And here I was patting myself on the back for picking up another 0.01 BTC in the dip. lol They made two buys last year totaling close to a billion dollars at that time. I think they have double or tripled their investment by now. |
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No one is coming. It's up to us.
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[#13]
Originally Posted By felrom: When the entire financial world was busy calling Microstrategy stupid for issuing bonds to buy bitcoin, I read an analysis of the details of what they were issuing to raise the capital. They only needed about a 5% increase in bitcoin price over the life of the bonds to break even. Bitcoin has nearly doubled since then. I wish I could raise a billion dollars. View Quote View All Quotes View All Quotes Originally Posted By felrom: Originally Posted By Default-Gateway: Originally Posted By Nonchalance: Originally Posted By Default-Gateway: 10 million dollar dip buy. https://www.google.com/amp/s/www.coindesk.com/microstrategy-buys-the-dip-adds-10m-to-bitcoin-treasury%3famp=1 And here I was patting myself on the back for picking up another 0.01 BTC in the dip. lol They made two buys last year totaling close to a billion dollars at that time. I think they have double or tripled their investment by now. I'm sure that their stockholders are not presently complaining. Their stock price has 3x'd in the past 4 months. |
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[Last Edit: ARandomClaymore]
[#14]
Originally Posted By VooDoo3dfx: Grayscale supposedly investing heavily into Tezos? Should help the price. View Quote Good. It needs to do something. While it's gone up in price this past month, the fact it's failed to even meet the previous mark of $4.49 back in August 2020 is disappointing. Shoot, just hitting $4 would do wonders for it. I'm not complaining, though. I bought 1000 XTZ on March 12, 2020 at $0.98/ea. And I've earned an additional 45 through staking. |
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[Last Edit: Willz]
[#15]
The Biden Administration is determined to fuck everyone in the ass in their first week in power.
Bitcoin Heads For Worst Weekly Loss In Months “During a U.S. Senate hearing on Tuesday, Janet Yellen, President Joe Biden’s pick to head the U.S. Treasury, expressed concerns that cryptocurrencies could be used to finance illegal activities.” |
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"You have to understand most people are not ready to be unplugged, and many of them are so inured, so hopelessly dependent on the system, they will fight to protect it." ~Morpheus
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[#16]
Originally Posted By Willz: The Biden Administration is determined to fuck everyone in the ass in their first week in power. Bitcoin Heads For Worst Weekly Loss In Months “During a U.S. Senate hearing on Tuesday, Janet Yellen, President Joe Biden’s pick to head the U.S. Treasury, expressed concerns that cryptocurrencies could be used to finance illegal activities.” View Quote The future is now old lady, now shut the fuck up |
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Remorse is for the dead
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[#17]
GBTC premium to NAV was 4% yesterday. That's pretty low for anyone looking to buy in.
https://ycharts.com/companies/GBTC/discount_or_premium_to_nav |
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he, him,
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[Last Edit: felrom]
[#18]
Originally Posted By captainpooby: GBTC premium to NAV was 4% yesterday. That's pretty low for anyone looking to buy in. https://ycharts.com/companies/GBTC/discount_or_premium_to_nav https://www.ar15.com/media/mediaFiles/12631/Screen_Shot_2021-01-26_at_8_58_34_AM-1797359.png https://www.ar15.com/media/mediaFiles/12631/Screen_Shot_2021-01-26_at_8_59_49_AM-1797360.png View Quote Interesting: "The endowments of Harvard, Yale and Brown have been buying Bitcoin directly for at least a year, CoinDesk reports." |
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No one is coming. It's up to us.
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[#19]
Originally Posted By Willz: The Biden Administration is determined to fuck everyone in the ass in their first week in power. Bitcoin Heads For Worst Weekly Loss In Months “During a U.S. Senate hearing on Tuesday, Janet Yellen, President Joe Biden’s pick to head the U.S. Treasury, expressed concerns that cryptocurrencies could be used to finance illegal activities.” View Quote As long as Gary Gensler is confirmed as head of SEC, I wouldn’t worry. Just a boomer saying boomer things. |
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[#20]
Bitcoin needs to run sideways for a couple weeks so alts can explode.
I want my $3000 ETH and $800 LTC. |
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[#21]
Originally Posted By Willz: The Biden Administration is determined to fuck everyone in the ass in their first week in power. Bitcoin Heads For Worst Weekly Loss In Months “During a U.S. Senate hearing on Tuesday, Janet Yellen, President Joe Biden’s pick to head the U.S. Treasury, expressed concerns that cryptocurrencies could be used to finance illegal activities.” View Quote I wonder what currency is currently the one most used in illegal activities? Hmmm.... |
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Buckle up. Objects in history are closer than they appear. -cistercian
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[#22]
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[#23]
Originally Posted By PeteCO: I wonder what currency is currently the one most used in illegal activities? Hmmm.... View Quote Don't worry. The physical dollar will soon be on the chopping block also. The excuse will be to prevent Harriet Tubman's image from getting further desecrated by racists with Sharpies. |
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[#24]
GBTC down to near zero premium to NAV.
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No one is coming. It's up to us.
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[#25]
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[#26]
Originally Posted By Default-Gateway: What does that mean in English please? Thanks View Quote View All Quotes View All Quotes Originally Posted By Default-Gateway: Originally Posted By felrom: GBTC down to near zero premium to NAV. What does that mean in English please? Thanks Grayscale then issue shares of the Grayscale Bitcoin Trust, GBTC, and sells them on the market. Each share of GBTC represents 0.000959 bitcoins. So we can compare the current cost of a share of GBTC to the current cost of 0.000959 bitcoins. If the cost of the GBTC is higher than the cost of those bitcoins, then we would say that GBTC is trading at a premium to its net asset value (NAV). In other words, you would be paying a little bit more to buy a share of GBTC than you would pay to buy an equivalent amount of bitcoins. If the cost of the GBTC was less than the cost of the equivalent amount of Bitcoin then we would say that GBTC is trading at a discount to NAV. The reason this situation exists is that the market is not 100% efficient, and the market has trouble being instantaneously efficient. There is still no way I know of to directly own Bitcoin in a retirement account. So if you want exposure to Bitcoin in your 401k, you have to buy GBTC, even if it's trading at a premium to NAV. That means that sometimes the demand for GBTC is higher than the demand for bitcoins, even though they represent the same asset. That's why the price can diverge between the two, and you end up with either a premium or a discount to NAV. Additionally, even today a lot of people don't understand how to buy Bitcoin through something like Coinbase. So instead they purchase through GBTC in a brokerage account. |
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No one is coming. It's up to us.
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[#27]
It will be interesting to see what affect the Fed meeting has on crypto
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"Problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented."
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[#28]
Originally Posted By felrom: Grayscale owns a ton of Bitcoin. Grayscale then issue shares of the Grayscale Bitcoin Trust, GBTC, and sells them on the market. Each share of GBTC represents 0.000959 bitcoins. So we can compare the current cost of a share of GBTC to the current cost of 0.000959 bitcoins. If the cost of the GBTC is higher than the cost of those bitcoins, then we would say that GBTC is trading at a premium to its net asset value (NAV). In other words, you would be paying a little bit more to buy a share of GBTC than you would pay to buy an equivalent amount of bitcoins. If the cost of the GBTC was less than the cost of the equivalent amount of Bitcoin then we would say that GBTC is trading at a discount to NAV. The reason this situation exists is that the market is not 100% efficient, and the market has trouble being instantaneously efficient. There is still no way I know of to directly own Bitcoin in a retirement account. So if you want exposure to Bitcoin in your 401k, you have to buy GBTC, even if it's trading at a premium to NAV. That means that sometimes the demand for GBTC is higher than the demand for bitcoins, even though they represent the same asset. That's why the price can diverge between the two, and you end up with either a premium or a discount to NAV. Additionally, even today a lot of people don't understand how to buy Bitcoin through something like Coinbase. So instead they purchase through GBTC in a brokerage account. View Quote View All Quotes View All Quotes Originally Posted By felrom: Originally Posted By Default-Gateway: Originally Posted By felrom: GBTC down to near zero premium to NAV. What does that mean in English please? Thanks Grayscale then issue shares of the Grayscale Bitcoin Trust, GBTC, and sells them on the market. Each share of GBTC represents 0.000959 bitcoins. So we can compare the current cost of a share of GBTC to the current cost of 0.000959 bitcoins. If the cost of the GBTC is higher than the cost of those bitcoins, then we would say that GBTC is trading at a premium to its net asset value (NAV). In other words, you would be paying a little bit more to buy a share of GBTC than you would pay to buy an equivalent amount of bitcoins. If the cost of the GBTC was less than the cost of the equivalent amount of Bitcoin then we would say that GBTC is trading at a discount to NAV. The reason this situation exists is that the market is not 100% efficient, and the market has trouble being instantaneously efficient. There is still no way I know of to directly own Bitcoin in a retirement account. So if you want exposure to Bitcoin in your 401k, you have to buy GBTC, even if it's trading at a premium to NAV. That means that sometimes the demand for GBTC is higher than the demand for bitcoins, even though they represent the same asset. That's why the price can diverge between the two, and you end up with either a premium or a discount to NAV. Additionally, even today a lot of people don't understand how to buy Bitcoin through something like Coinbase. So instead they purchase through GBTC in a brokerage account. Got it, thanks |
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[#29]
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[Last Edit: Fooboy]
[#30]
WSB hodls knife to throat of hedge funds
SEC steps in and halts trading 30 days Soviet Union suffers worst wheat harvest in 55 years Investors flee market, looking for safe harbor BTC stands alone |
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Isaiah 1:18 - "Come now, let us reason together," says the LORD: "though your sins are like scarlet, they shall be as white as snow"
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[#31]
Originally Posted By Fooboy: WSB hodls knife to throat of hedge funds SEC steps in and halts trading 30 days Soviet Union suffers worst wheat harvest in 55 years Investors flee market, looking for safe harbor BTC stands alone View Quote *shaking autistically* "But I need somewhere to invest!" |
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"And I never did get my lawnmower back!" - Bandit 6
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[#32]
Word has it that Reddit is doing the same thing as they did with GameStop with Doge coin. Take that for what it is worth.
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[#33]
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Don't you tell me about galaxies! I walk them in the timeline.
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[#34]
I'm just amazed that the revelation a few days ago that the Yale and Harvard endowments have been buying Bitcoin for over a year was apparently a snoozer to everyone on the internet. That sounds like some of the biggest bullish news in a looooong time, because it means the regulatory hammer will at worst be a soft symbolic tap.
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No one is coming. It's up to us.
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[#35]
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[Last Edit: Default-Gateway]
[#36]
Elon added the btc tag to his Twitter. That's the richest manin the world right there.
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[#37]
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[#38]
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IT'S OK TO BE WHITE
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[Last Edit: rcav8r]
[#39]
Can't get into Coinbase now.
ETA: Must be busy, got in finally. I sold my litecoin for BTC, since it was a little "slow". Can we get Reddit to go nuts on Loopring? |
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"You know how butt ugly people are said to have hit every branch on the way down the ugly tree.
Well, the dumbass tree done drilled you in the butt and laid eggs in ya." -RJinks |
[#40]
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[#41]
Loopring is going up again. It's a whole 50 cents as I write this
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"You know how butt ugly people are said to have hit every branch on the way down the ugly tree.
Well, the dumbass tree done drilled you in the butt and laid eggs in ya." -RJinks |
[#42]
Originally Posted By fike: Are there shorts on the other side? If not, it’s just a pump with a bunch of bag holders. View Quote View All Quotes View All Quotes Originally Posted By fike: Originally Posted By Default-Gateway: Word has it that Reddit is doing the same thing as they did with GameStop with Doge coin. Take that for what it is worth. Are there shorts on the other side? If not, it’s just a pump with a bunch of bag holders. This, what we’ve seen happen with GME is a black swan event. The autist and retards don't actually have the ability to organize and effect markets like people now seem to think. Anyone buying doge is just throwing away money |
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[#43]
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Isaiah 1:18 - "Come now, let us reason together," says the LORD: "though your sins are like scarlet, they shall be as white as snow"
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[#44]
Originally Posted By Fooboy: https://www.forbes.com/sites/billybambrough/2021/01/30/bitcoin-price-data-reveals-bitcoin-could-be-about-to-become-the-new-gamestop/?sh=5f1b1dfc9cb2 View Quote I remember six or eight years ago Forbes used to publish a lot of really great articles, then they put up a paywall and got super woke. =\ |
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No one is coming. It's up to us.
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[#45]
Any news on the pending XRP litigation? Just found around 800 on a exchange account I forgot I had.
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[#46]
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Don't you tell me about galaxies! I walk them in the timeline.
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[#47]
Sweet😕. Good thing I don’t even remember what I got these at.
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[#48]
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[#49]
Originally Posted By Default-Gateway: Microstrategy adds another 10mm in BTC to its hord. View Quote Saylor hosts his conference for corporate investing in BTC on Feb 4. Should be interesting times. |
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[#50]
Originally Posted By Jagrmaister: Saylor hosts his conference for corporate investing in BTC on Feb 4. Should be interesting times. View Quote View All Quotes View All Quotes Originally Posted By Jagrmaister: Originally Posted By Default-Gateway: Microstrategy adds another 10mm in BTC to its hord. Saylor hosts his conference for corporate investing in BTC on Feb 4. Should be interesting times. He 4x'd his stock price in 6 months through bitcoin. It could be explosive. |
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