Bitcoin - Ball kicking free ones here

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Bitcoin Halving Arrives: Mining Rewards Drop for Third Time in History


Bitcoin's third halving, the network's quadrennial landmark and the most anticipated event this year in the cryptocurrency industry, has finally happened.
Miners racing on the network to compete for freshly minted bitcoin produced the 630,000th block at 19:23 UTC on May 11, which triggered the programmed halving event, marking another milestone in the currency's 11-year history.
 
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Back at $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High


Messari founder Ryan Selkis tweeted: “Finally. Paypal joins the bitcoin space race … 346 million users … 26 million merchants … 20th largest ‘bank’ by deposits. Between them, Square, and Grayscale, it’s safe to assume that all remaining BTC will be hoovered up by public companies.” Recently, Square Inc. announced that it had put 1% of the company’s total asset into bitcoin, worth about $50 million. Grayscale Investments has been scooping up bitcoin, adding $1 billion to its crypto products in Q3.
Users Cannot Transfer Crypto Out of Paypal
Some people are concerned about Paypal’s policy to disallow users from transferring cryptocurrencies in or out of its platform. The company detailed:

Currently, you can only hold the cryptocurrencies that you buy on Paypal in your account. Additionally, the crypto in your account cannot be transferred to other accounts on or off Paypal … You own the crypto you buy on Paypal but will not be provided with a private key.
Twitter handle “Plan B,” known for his stock-to-flow bitcoin price prediction model, wrote: “Crypto in (the Paypal) account cannot be transferred to other accounts on or off Paypal. So, this is all a big Paypal nothing burger, just entries in a central Paypal database, nothing to do with bitcoin.”
After Paypal’s news, every major bank is having a meeting about how to support bitcoin. It’s no longer optional.

Paypal launching cryptocurrency services has given crypto investors much to think about.

On Wednesday, bitcoin jumped over 7% to hit 15-month highs above $13,000 after payments giant PayPal (ticker: PYPL) announced support for cryptocurrencies.
 
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Global stocks slide as COVID-19 vaccine relief quickly fades with the US imposing new restrictions


Its going to break through 20k by next spring.
 
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Bitcoin is already outperforming the halving that sparked $20K all-time high



20k here we come....
 

luckystrike

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The tectonic shift is happening

BOTH gold and dollar sliding in lock step

Rotation into Bitcoin and Ethereum

As if this year couldn't get any more bizarro
 
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Blackrock's Chief Investment Officer: Cryptocurrency Is Here to Stay, Bitcoin Could Replace Gold

Blackrock is the world’s largest asset manager, with more than $7.4 trillion in assets under management as of September. Rieder is also Blackrock’s Head of the Global Allocation Investment Team in the Multi-Asset Strategies Group.
 
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This week, London-based blockchain analysis firm Elliptic said that it picked up on the massive movement of bitcoin spurred by the DOJ. The company reported 69,369 bitcoins — worth about $1 billion — had been moved out of a bitcoin wallet, which had the fourth-highest balance of any in the world. Tom Robinson, co-founder and chief scientist of Elliptic, said the movement of bitcoins “may represent Ulbricht or a Silk Road vendor moving their funds” but that it “seems unlikely that Ulbricht would be able to conduct a bitcoin transaction from prison.”

 
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and you can bet all the retail punters will be sitting around getting wood over the current surge and hitting the buy button on their accounts this weekend

22k By Monday...

.
 
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  • Nouriel Roubini, known as "Dr. Doom" for his bearish views, slammed Bitcoin for being heavily manipulated and blamed retail investor FOMO for this week's boom and bust on Thursday.
  • Roubini TWAAATED the digital token has no role to play in the portfolios of retail or institutional investors because it has zero intrinsic value.
  • "Retail suckers with massive FOMO have been jumping again into BTC as they did in late 2017 when price went from 10K to 19K only to crash down to 3K in 2019," he said.
  • According to him, investing in Bitcoin is the same as gambling at a rigged casino.
Yes and No. It is manipulated to the degree that large institutional investors can push it down with large positions,
BTC represents a store of value that is not locked in vaults by govts, and can cross international boundaries. It is globally recognized in the same way a brand like ferrari is. The masses love the idea of replacing banks and thats why they buy it. Not FOMO.

BTC is Iconic. It can also be used to pay for shit. Thats why its valuable
 
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It said the Bank of England does not 'appear to have a convincing reason for why the demand for notes keeps increasing' or any real understanding of where around £50billion of issued sterling notes are, although it acknowledged that it is a trend being seen with other major currencies.

The Bank estimates 20 per cent to 24 per cent of issued notes are used or held for cash transactions.

This leaves about £50billion of issued banknotes that may be being used overseas for transactions or savings, or held in the UK as unreported household savings or for use in the shadow economy.

As the world moves to cashless transaction BTC will be seen as valuable because it is not controlled by govts
 
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  • MicroStrategy said on Tuesday it plans to offer $400 million worth of convertible bonds to raise funds to purchase more bitcoin.
  • Proceeds from the private offering will be invested in the cryptocurrency "pending the identification of working capital needs," the company said.
  • As of December 4, MicroStrategy holds a total of 40,284 bitcoins.
  • CEO Michael Saylor is keen on expanding investment into the digital token because he sees government stimulus measures inflating US money supply rapidly.

Im betting it breaks the ATH before 2021
 
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49200

Bitcoin is heading north having blown past two price hurdles to reach another record all-time high.

Earlier this week, JPMorgan published a global markets strategy note that points out money has flowed out of gold and into bitcoin since October, and predicts this trend will continue over the medium to longer term.
wow... this is gonna be another wild ride
 
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Bitcoin Chatter on Twitter Nears Highest Level in 3 Years Amid Price Surge

Retail investors gonna jump in over the holidays which will cause a spike and retrace no doubt as the pros sell the high
 

Austin_F

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my uneducated question is, if bitcoin never becomes mainstream due to price, then what will the 'big boys' have accomplished by hoarding it all?
 
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my uneducated question is, if bitcoin never becomes mainstream due to price, then what will the 'big boys' have accomplished by hoarding it all?
A store of value that is borderless and cant be devalued by govt "quantative easing" bullshit
(yes it is subject to manipulation by big players, but that is true of just about every small cap instrument)

Ya cant take gold bars on the plane with you, nor uncut stones, nor large amounts of cash.
When the US economy fails, as it will, it is inevitable now, and you need wheelbarrow of dollars to buy a coffee...





What happens when the Govt makes a law that owning Gold is illegal punishable by 10yrs in jail?
never happen?


and then there is todays news

Iraq's central bank devalues dinar by 22% amid public anger
Iraq's central bank says it will devalue the national currency, the Iraqi dinar, by over 20 percent in response to a severe liquidity crisis brought on by low oil prices
 
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Holy fuck... it didnt even retrace to 20k!

25k for xmas. Thats gotta trigger some selling
 

rotts4u

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it's all horseshit, making money outta the air. :roll:
I agree. Its not really a currency if you have to change it back to USD to buy anything. I cant go to Walmart or Target or ATT store or buy a car or gasoline etc with a bitcoin. So its just a made up thing and yes some people maybe a lot of people will make money off it but its still not a real currency
 

maui

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Speculation based on emotion and fear. The value is based on how afraid/unafraid or paranoid people are. I get it, distrust in the system etc. It was only a matter of time before people invented a trade on this.

is it real?

I guess...
How many cubic feet does a ton of emotion take up?
 

luckystrike

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it's all horseshit, making money outta the air. :roll:
I agree. Its not really a currency if you have to change it back to USD to buy anything. I cant go to Walmart or Target or ATT store or buy a car or gasoline etc with a bitcoin. So its just a made up thing and yes some people maybe a lot of people will make money off it but its still not a real currency
You boys need to get educated

'outta air'? You mean like the dollar printing presses working overtime these days?

It's a safe haven for value and the only real hedge against FIAT printing destruction

The genie is outta the bottle and ain't going back in

There are 4 billion people without access to credit and participation in first world commerce. Bitcoin solves that, and more. Africa and the developing world will lead the way

It's just a matter of time before they will be demanding crypto for their oil and natural resources because the traditional financial mechanisms don't work for them

I'm encouraging all youngsters to buy $50/month, because this is a future they don't want to miss out on
 
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it's all horseshit, making money outta the air. :roll:
you spelled IDEA wrong <WINK>

is it real?
NO! its not real. You cant touch it, you cant put in your safe, and it wont fit in your pocket.

Its a *NEW* concept of value and its very difficult for people to understand how it can be a store of value..... UNTIL you need to move more than $10k and your bank asks you what you need your own money for?

Jeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeesususssssssssssssss!!!!!
 

Anonymous Elvis 5

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Gold guns and land everything else is garbage.

One emp and I fuck your fake money
 

Anonymous Elvis 5

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I'm gald some of you have made money off of no real work.

Thats why capitalism is going to fail.

No work all reward
 
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