Re: Bitcoin, crypto currencies, block chain

[Guest]

I never predicted "hyperinflation".

economic crisis coming via hyper- inflation or inflation underpinnings

How about a new topic? Has bitcoin reached 100K yet? Or was it actually 200K you predicted?

It will get there, I'm not worried about it, it's you that has the fear of missing out - you missed out you think and don't realize how much further it will run, so you have hate - which is typical of the losers who don't use their brain regarding this pristine asset.

That's a big mouthful of mistaken mush. How about a new topic? On second thought, I'd rather put you on mute.

[John]

Use this thread to argue about Bitcoin

[Guest]

Bitcoin Elliott Wave Analysis
Top at 69K
Wave 1 down to 38K
Wave 2 up to 44K
Wave 3 down has started. The trend is down. All bounces should be sold.

[Guest]

Bitcoin Pattern Analysis
Bearish Butterfly Pattern
Target is below 30K

This is a technical analysis based on high probability price pattern.

[Guest]

GBTC/BTC showed divergence at the November 2021 high and the January 2022 low
GBTC volume was lower at the November high than at the February high (in 2021)
GBTC volume at the January 2022 low was higher than at any time since the November high
This shows high probability tendency to break the 2021 low

[Guest]

Fed Dangerously and Wrongly Ignoring Money Supply Warns Inflation Expert | Stansberry Research
51,807 viewsFeb 11, 2022

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Stansberry Research
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https://www.youtube.com/watch?v=RBzF9WbFejY

Comments on video (follow link that Tom posted). Underline mine.

"Inflation is permanent, not temporary," explains Steve Hanke, Applied Economics professor at Johns Hopkins University and former Senior Economist on President Reagan’s Council of Economic Advisers. "You want to be in commodities and completely away from nominal bonds," Hanke tells our Daniela Cambone, when asked about positioning for tribulations to come. "The markets are in line with the Fed, and are completely mispriced," he says. "As we see turmoil and persistent inflation, I see a bull-leg coming for gold," Hanke states and also positions for, "long lithium." "The fundamental value for bitcoin is zero," and ultimately competitors while drive it there, he concludes.

[Cool Breeze]

The fundamental value for a cell phone is zero, yet people use them. I wonder why.

Can you eat gold?

What's the fundamental value of fiat? Slavery?

Wake up.

[Guest]

Cell phones will still be sold for fiat currency long after Bitcoin goes to zero.

The only question is when Bitcoin will get to zero, whether it will be in 2022 or shortly after that.

Bitcoin is tulips without the tulips. Therefore, Bitcoin has no residual value like tulips did.

[Guest]

Investor Alerts and Bulletins
Funds Trading in Bitcoin Futures – Investor Bulletin
June 10, 2021

The Securities and Exchange Commission’s (SEC’s) Office of Investor Education and Advocacy (OIEA) and the Commodity Futures Trading Commission’s (CFTC’s) Office of Customer Education and Outreach (OCEO) urge investors considering a fund with exposure to the Bitcoin futures market to weigh carefully the potential risks and benefits of the investment. Among other things, investors should understand that Bitcoin, including gaining exposure through the Bitcoin futures market, is a highly speculative investment. As such, investors should consider the volatility of Bitcoin and the Bitcoin futures market, as well as the lack of regulation and potential for fraud or manipulation in the underlying Bitcoin market.

https://www.sec.gov/oiea/investor-alert ... ndstrading

(Securities and Exchange Commission of the US government)

[Guest]

Crypto is 'rat poison', a third of mainstream investment firms tell JPM

Reuters

LONDON, June 23 (Reuters) - Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as "rat poison" or predicting it would be a temporary fad.

Bitcoin , the world's largest cryptocurrency, fell to a five-month low on Tuesday, extending losses from China's deepening crackdown on mining and trading cryptocurrencies. The U.S. Securities and Exchange Commission has said it would like to see more regulation around trading in the space.

Of those firms who did not invest, 80% did not expect to start investing or trading in cyptocurrencies, according to the survey conducted at JPMorgan's Macro, Quantitative and Derrivatives conference, attended by some 3,000 investors from around 1,500 institutions.

Four-fifths of investors also expected regulators to get tougher on the asset class, while a whopping 95% of them believed fraud in crypto world was "somewhat or very much prevalent", the survey released late on Tuesday found.

Billionaire investor Warren Buffett has in the past characterised bitcoin as "rat poison squared". One third in the JPM survey agreed with that view. Another 16% thought it was a temporary fad.

https://www.reuters.com/business/financ ... 021-06-23/