Crypto trading/market thread
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This is a 43-minute documentary from DW. Some here probably already know the info presented, I found it interesting. Watched half yesterday, now watching the second half. If you watch it, take it fwiw and dyodd.
For some, cryptocurrencies are a dangerous bubble. For others, they represent the future of money. But what are the actual uses - and risks -- of cryptocurrencies? This documentary explores how crypto is altering global financial architecture.
Since its inception, Bitcoin has evolved into a digital global currency that is challenging the existing financial system. The international availability and rapid increase in the value of Bitcoin attracted many to join this game of chance. The President of El Salvador even adopted Bitcoin as his nation’s official currency. However, most governments have positioned themselves against cryptocurrencies that aren’t regulated by states.
The European Central Bank is predicting Bitcoin’s imminent demise. At the same time, the ECB also recognizes the need for digital money in a world that’s so reliant on the Internet. The digital Euro, for use as a payment method via Smartphone, is expected to be available soon. This documentary by Tom Ockers and Ulrich Stein explores how cryptocurrencies are altering global financial architecture. They hear from profiteers and victims, supporters and critics of the new digital currencies.
Cryptocurrencies - The future of money? | DW Documentary
Feb 7, 2024For some, cryptocurrencies are a dangerous bubble. For others, they represent the future of money. But what are the actual uses - and risks -- of cryptocurrencies? This documentary explores how crypto is altering global financial architecture.
Since its inception, Bitcoin has evolved into a digital global currency that is challenging the existing financial system. The international availability and rapid increase in the value of Bitcoin attracted many to join this game of chance. The President of El Salvador even adopted Bitcoin as his nation’s official currency. However, most governments have positioned themselves against cryptocurrencies that aren’t regulated by states.
The European Central Bank is predicting Bitcoin’s imminent demise. At the same time, the ECB also recognizes the need for digital money in a world that’s so reliant on the Internet. The digital Euro, for use as a payment method via Smartphone, is expected to be available soon. This documentary by Tom Ockers and Ulrich Stein explores how cryptocurrencies are altering global financial architecture. They hear from profiteers and victims, supporters and critics of the new digital currencies.
I wonder if they have a citation for that. AFAIK, the ECB, Fed, et al are not in the business of making market predictions or dispensing investment advice.
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Different pros & cons in the vid. Really well done imo. No politics or personal views, just a look at crypto. Lotta good points made for blockchain tech. Worth a watch for anyone interested.
jm2c
Crypto in 2024 looks like a no brainer investment from everything I see. BTC and ETH are likely going to lift all the other boats - at least all the top crypto.
This could be huge if it works at scale:
spinalcracker
Ground Beetle
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the bottom is in
now the moonshot
now the moonshot
lulz...
PR team using a "cool" meme without understanding it's meaning. Idiots.
~~~
www.coindesk.com
PR team using a "cool" meme without understanding it's meaning. Idiots.
~~~
Franklin Templeton Joins Ethereum ETF Race
The asset manager is also one of the issuers of a spot bitcoin exchange-traded fund but hasn’t seen the same success as frontrunners BlackRock and Fidelity.
So many bullish headlines this morning...
www.coindesk.com
~~~
www.coindesk.com
Solana’s SOL Futures Rack Up $1B in Record Bullish Bets
The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.
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Ether Traders Target $3.5K as ETH Jumps on ETF Expectations
Several traditional financial firms are vying for an ether exchange-traded fund in the U.S., a move that is boosting the token’s medium-term outlook.
They have a plan, and you're not privy.
When I'm being driven and herded, I wanna know WHY.
lol. The headlines are from a crypto mag, so they publish bullish news when it's there, but it isn't always there. There just happens to be some convergence of news with Bitcoin and Ethereum driving the bus. It's not always a conspiracy and "they" (meaning the elites/government) hate crypto (see war on crypto and CBDC = TOFO).
All these people trying to reinvent gold.
I had to think long and hard about this - and thanks for answering some of my questions; but "money" that I have to study up on; and where if I make a mistake with, it's disastrous; money that depends not only on my computer, but my link to the network and the OTHER party's link to that network (unlikely to be reliable once the dollar falls) and then, secure from government snoops' prying eyes (how much of what we used to think was secure, online, now is routed right into that Utah data-vacuum site?) for collection, taxation and punishment...no. Just now.
I have PM coins. Not so good when you're crossing borders, but the global chaos has pretty much put THAT out of mind. If/when that changes, I'll deal with reality as it is at the time; but for now, I don't want to be the guy with my money in collapsed Greyscale, or Mt. Gox, or with a thumb drive that's now obsolete...
That's true. The riggers have Captured Cryptos. Well most of them and especially the ones going UP. Everyone likes to tout how there can't be more Bitcoin ever. Which is a farce because its the DERIVATIVES of bitcoin that are expanding rapidly, like with these ETF's.
On the other hand look at Monero. A privacy coin that is actually used a lot and it gets hammered because Binance got strong armed (likely) to take it off the platform.
On the other hand look at Monero. A privacy coin that is actually used a lot and it gets hammered because Binance got strong armed (likely) to take it off the platform.
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Not news, not a how to, it's a biography on Brock Pierce. About a third through, listening / watching in one tab paying around the forum in a different tab.
Takeaways:
- Brock's Unique Success: From acting to gaming, Brock Pierce's diverse journey defines his crypto triumph.
- Crypto Trailblazer: Early in virtual currencies, Pierce pioneered ICOs, venture funds, and stablecoins.
- Understanding Crypto Risks: Despite Bitcoin ETF progress, Brock stresses risks and the need for instinctual decisions.
- Keys to Success: Tenacity and curiosity are vital for triumph in the ever-changing crypto world.
- Crypto's Big Role: Cryptocurrencies are set to transform finance and industries in the future.
1:03:57
Chapters:
00:00 Introduction and Background
08:25 Early Life and Acting Career
09:25 Entry into the Gaming Industry
22:05 Transition to Cryptocurrency and Blockchain
30:03 Early Involvement in Bitcoin and Virtual Currencies
37:12 Early Investments and Innovations in Crypto
41:54 Bitcoin ETFs and Regulatory Clarity
48:14 Observations on DeFi and Market Cycles
48:53 Missed Opportunities and Counterparty Risk
51:06 Staying Updated on Blockchain and Cryptocurrency
54:20 Getting Involved in Governance55:02 Tenacity and Curiosity as Key Traits
55:56 The Future of Finance and the Role of Cryptocurrencies
58:51 The Impact of AI and Machine Learning
59:45 The Power of ChatGPT and Superhuman Capabilities
01:00:44 Managing Messages and Investments
01:02:53 Civic Participation and Being the Change
From Disney Star to Crypto-Billionaire
Brock Pierce, Disney star turned Crypto-Billioniare shares insights from his journey, highlighting achievements like pioneering the first ICO and venture fund. Running for Presidency in 2020, and discussing recent Bitcoin ETF approvals and the future role of cryptocurrencies. Pierce emphasizes the importance of staying informed. He also underscores the impact of AI, machine learning, and ChatGPT in shaping the future.Takeaways:
- Brock's Unique Success: From acting to gaming, Brock Pierce's diverse journey defines his crypto triumph.
- Crypto Trailblazer: Early in virtual currencies, Pierce pioneered ICOs, venture funds, and stablecoins.
- Understanding Crypto Risks: Despite Bitcoin ETF progress, Brock stresses risks and the need for instinctual decisions.
- Keys to Success: Tenacity and curiosity are vital for triumph in the ever-changing crypto world.
- Crypto's Big Role: Cryptocurrencies are set to transform finance and industries in the future.
1:03:57
Chapters:
00:00 Introduction and Background
08:25 Early Life and Acting Career
09:25 Entry into the Gaming Industry
22:05 Transition to Cryptocurrency and Blockchain
30:03 Early Involvement in Bitcoin and Virtual Currencies
37:12 Early Investments and Innovations in Crypto
41:54 Bitcoin ETFs and Regulatory Clarity
48:14 Observations on DeFi and Market Cycles
48:53 Missed Opportunities and Counterparty Risk
51:06 Staying Updated on Blockchain and Cryptocurrency
54:20 Getting Involved in Governance55:02 Tenacity and Curiosity as Key Traits
55:56 The Future of Finance and the Role of Cryptocurrencies
58:51 The Impact of AI and Machine Learning
59:45 The Power of ChatGPT and Superhuman Capabilities
01:00:44 Managing Messages and Investments
01:02:53 Civic Participation and Being the Change
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so, the conservative ETF with 1% crypto and 0% gold...
FWIW, when I visit Fidelity's page, it only reports the allocation ratio from December 31, 2023. I don't see the Feb 2024 update captured in that tweet. But the page does include this blurb:
www.fidelity.ca
Not sure why it wouldn't include an allocation to gold.
Edit: I asked them about it via their website's contact form:
Fidelity All-in-One Conservative ETF Fund
Not sure why it wouldn't include an allocation to gold.
Edit: I asked them about it via their website's contact form:
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^^^^^^^
Don't know if you read this https://www.fidelity.com/learning-center/investment-products/etf/types-of-etfs-commodity
Don't know if you read this https://www.fidelity.com/learning-center/investment-products/etf/types-of-etfs-commodity
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Imo it has nothing to do with financial reasons, this is just psychology.
Wall Street's level of despise for the barbarous relic is off the charts.
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Fed Governor Discusses Crypto's Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset – Featured Bitcoin News
A Fed governor has addressed crypto's impact on the U.S. dollar's dominance. He believes banks should not hold bitcoin ETFs as primary asset.
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Texas Electric Utility Courts Unnamed Crypto Miners With Five-Year Deals – Bitcoin News
Texas-based Denton Municipal Electric (DME), is attracting interest from several crypto mining companies seeking to establish operations.
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Cryptoverse: Breezy bitcoin reclaims $1 trillion crown
Feb 20 (Reuters) - Bitcoin is riding high.The world's largest cryptocurrency has leapt 22% this year to $52,005, pushing it past a market value of $1 trillion mark for the first time since its record heyday of late 2021.
Its resurgence has electrified the broader cryptocurrency market, including ether and other digital coins, which has now exceeded $2 trillion, as per data from CoinGecko.
The sector has been bolstered by the U.S. regulatory approval of several spot bitcoin exchange-traded funds (ETFs), from BlackRock and Fidelity among others, which allow access to the crypto coin vis regular stock exchanges.
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Whitney Webb is a beating to listen to. She cannot state any thought clearly. I skimmed the transcript of that video and did not see what her supposed prediction was. Lot's of half formed comments and insinuations though. Let me break this down for you:
Digital ID = surveillance
CBDC = control
(decentralized) crypto <> (centralized) CBDC
If you need more context/detail, please see:
www.pmbug.com
www.pmbug.com
The Blackrock ETF would not exist if Federal Courts had not bitch slapped the SEC thanks to GrayScale's decade long fight. Please use some common sense when evaluating conspiracy theory gobbledegook.
~~~
www.coindesk.com
Digital ID = surveillance
CBDC = control
(decentralized) crypto <> (centralized) CBDC
If you need more context/detail, please see:
America's War on Crypto
The crypto industry recently held a Consensus 2023 industry event in Austin, Texas. It was a 3 day event featuring numerous panels/sessions with speakers/representatives from both crypto and non-crypto companies/industries as well as representatives from various government regulators. The...
CBDCs = TOFO (Tools of Financial Oppression)
Chatter about CBDCs has grown in the last few years. Central banks around the world are engaged in various projects to design, test and integrate CBDCs for future replacements of their national paper/coin currencies. In the absence of any compelling justifications, pundits proclaim CBDCs as a...
The Blackrock ETF would not exist if Federal Courts had not bitch slapped the SEC thanks to GrayScale's decade long fight. Please use some common sense when evaluating conspiracy theory gobbledegook.
~~~
VanEck's Bitcoin ETF Records 2,200% Volume Surge in a Day
A sudden trading volume on VanEck’s HODL product seemed “retail armyish,” one analyst said.
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5 Things Satoshi Nakamoto Correctly Predicted About Bitcoin
In a document dump of emails, Bitcoin’s pseudonymous creator foresaw many of the biggest trends driving the development of the first cryptocurrency.
Correspondence between Satoshi Nakamoto and his earliest known collaborator, Martti Malmi, was released as part of an ongoing lawsuit in the United Kingdom regarding the true identity of Bitcoin’s pseudonymous creator. For some, the documents represent a new avenue of research for anyone looking to finally identify who Satoshi really is. For others, the 120 pages of emails (also posted to Github) offer fresh insight into the character and personality of the long gone developer.
As Bitcoin historian (and former CoinDesk editor) Pete Rizzo notes, the emails largely conform to and confirm what the world already knows about Satoshi, who between 2009 and 2011 was an active participant on message boards like BitcoinTalk and the Cryptography mailing list, and who cataloged his thoughts in a formal white paper.
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Bitcoin tops $57,000 as big buyers circle
LONDON/SINGAPORE, Feb 27 (Reuters) - Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022.Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy (MSTR.O), opens new tab that it had recently purchased about 3,000 bitcoins for an outlay of $155 million.
The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United States. On Monday, trading volumes in several of the funds spiked and crypto-linked firms rallied too, in contrast to nervous broader markets.
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US SEC expected to drag its feet on new wave of crypto ETFs
Feb 27 (Reuters) - Buoyed by the successful launch of U.S. bitcoin exchange-traded funds (ETFs), asset managers are lining up to list a second wave of more complex crypto products, setting the stage for another tussle with the U.S. securities regulator.The Securities and Exchange Commission (SEC) rejected spot bitcoin ETFs for more than a decade, hoping to protect investors from market manipulation. But the SEC was forced to approve them last month after Grayscale Investments won a court challenge. A federal appeals court ruled that the SEC had not sufficiently detailed its reasoning for rejecting the products.
That decision encouraged 12 asset managers, including Grayscale, ProShares, VanEck, Invesco, Fidelity and Ark Investments to file applications to launch 25 next-generation cryptocurrency ETFs.
Many are complex products that would use options to amplify bitcoin's volatility. Others would track the price of ether, the No. 2 cryptocurrency after bitcoin.
Investors hope the new products will help drive crypto further into the mainstream. Bitcoin hit $50,000 on Feb. 12 for the first time in over two years and ether has climbed more than 12% this year on hopes the SEC will approve the spot products.
More:
So Bitcoin over $61k at the moment...
Looks like Fidelity is now including an allocation to their Bitcoin ETF in all of their "all in one" funds now (FCNS, FBAL, FGRO, FEQT):
www.fidelity.ca
I saw a comment on on the internets:
Microstrategy is Michael Saylor's company. He's been buying Bitcoin as a treasury asset for Microstrategy for years. Some folks were buying Microstrategy stock as a BTC play before the spot ETFs were available. There is a website dedicated to tracking their BTC holdings:
saylortracker.com
corporatefinanceinstitute.com
Their BTC holdings are currently worth $11.7B. I'm not sure about the rest of the criteria.
Looks like Fidelity is now including an allocation to their Bitcoin ETF in all of their "all in one" funds now (FCNS, FBAL, FGRO, FEQT):
All-in-One ETFs | Fidelity Investments Canada
Strategically diversify your portfolio with our strong lineup of Fidelity Factor™ ETFs and fixed-income solutions.
I saw a comment on on the internets:
Microstrategy is Michael Saylor's company. He's been buying Bitcoin as a treasury asset for Microstrategy for years. Some folks were buying Microstrategy stock as a BTC play before the spot ETFs were available. There is a website dedicated to tracking their BTC holdings:
Michael Saylor (MicroStrategy) Portfolio Tracker
A website tracking the amount of bitcoin (and value in USD) owned by Michael Saylor (read: MicroStrategy).
saylortracker.com
S&P 500 Index
The Standard and Poor’s 500 Index, abbreviated as S&P 500 index, is an index comprising the stocks of 500 publicly traded companies in the
corporatefinanceinstitute.com
Their BTC holdings are currently worth $11.7B. I'm not sure about the rest of the criteria.
spinalcracker
Ground Beetle
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And its gone. Hopefully to your hard wallet.
spinalcracker
Ground Beetle
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oh wait…there is hope
and all the bitcoin haters are saying , “ I told you so!”….
hahahahahahaha!
the same thing can happen to one’s digitized checking account so there…
nana nana boo boo!
and all the bitcoin haters are saying , “ I told you so!”….
hahahahahahaha!
the same thing can happen to one’s digitized checking account so there…
nana nana boo boo!