Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Pages: 1 2 3 4 5 ... 9
Send Topic Print
Crypto currency investing (Read 39262 times)
____
Gold Member
*****
Offline


Australian Politics

Posts: 33410
Australia
Gender: male
Re: Crypto currency investing
Reply #30 - Oct 22nd, 2017 at 10:42am
 
Fiat financial collapse in the near future due to mass printing of national currencies and increasing debt, not an ecological collapse.

Those who currently hold wealth will try and bridge that wealth from one economic model to the next. Since the next model will be based on blockchain, crypto is a natural choice.

Look at Zimbabwe and Venezuela.

According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country’s economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the Golix.io exchange, while the global average is, at press time, of $5,642.00.

https://www.cryptocoinsnews.com/bitcoin-trading-at-nearly-10000-in-zimbabwe-due-...

LocalBitcoins in Venezuela Continues to set new Trading Volume Records

In the end, the government will have to admit they cannot prevent cryptocurrencies from being used

Compared to June of 2017, LocalBitcoins trading has increased fourfold in Venezuela. That is a more than impressive number, to say the very least. It also highlights the growing need for cryptocurrency in regions where financial hardship has become the new normal. People are willingly parting with their Venezuelan Bolivar in exchange for something with a lot more promise. It seems Bitcoin checks all of the right boxes in this regard.

http://www.newsbtc.com/2017/10/19/localbitcoins-venezuela-continues-set-new-trad...
Back to top
 
 
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40891
The Pyramid of LIGHT
Gender: male
Re: Crypto currency investing
Reply #31 - Oct 22nd, 2017 at 1:59pm
 
____ wrote on Oct 21st, 2017 at 6:29pm:
4.75 oz of Gold = 1 Bitcoin
Earlier this year,
1 oz of Gold was more expensive than 1 Bitcoin.

Thank you governments of the world for your mass printing of all your monopoly fiat ... and this monopoly money suppression of gold.

One day very soon the Gold Bugs will give up and sell their devaluing Gold for Bitcoin.

The Gold to Bitcoin Flippening ... will it occur before Bitcoin's first ETS. The race is on.



amazing *

great intelligence  , much gratitude

namaste

Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40891
The Pyramid of LIGHT
Gender: male
Re: Crypto currency investing
Reply #32 - Nov 4th, 2017 at 7:06pm
 
it_is_the_light wrote on Oct 21st, 2017 at 5:57pm:
it_is_the_light wrote on Oct 17th, 2017 at 12:12pm:
https://www.coingecko.com/en/price_charts/bitcoin/aud


Bitcoin      BTC      A$7,216.66


╰დ╮ॐ╭დ╯


$500 in 5 days *

Bitcoin      BTC      A$7,765.22220754      



https://www.coingecko.com/en/price_charts/bitcoin/aud

almost $2,000 in 2 weeks



Bitcoin (BTC)
BTC/AUD
MARKET CAPITALIZATION A$157,168,166,346.51
A$9,432.31

Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40891
The Pyramid of LIGHT
Gender: male
Re: Crypto currency investing
Reply #33 - Nov 12th, 2017 at 2:45am
 


Bitcoin Cash Misunderstood and Underestimated | The Real Bitcoin? | Censorship Resistant
Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40891
The Pyramid of LIGHT
Gender: male
Re: Crypto currency investing
Reply #34 - Nov 16th, 2017 at 10:42am
 
Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
Pho Huc
Gold Member
*****
Offline


Australian Politics

Posts: 985
Victoria
Gender: male
Re: Crypto currency investing
Reply #35 - Nov 17th, 2017 at 2:57am
 
it_is_the_light wrote on Nov 12th, 2017 at 2:45am:


Bitcoin Cash Misunderstood and Underestimated | The Real Bitcoin? | Censorship Resistant


Don't mention the war!  Grin
Back to top
 

The law locks up the man who steals the goose from the common, but leaves the greater criminal loose who steals the common from the goose (convict saying)
 
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40891
The Pyramid of LIGHT
Gender: male
Re: Crypto currency investing
Reply #36 - Nov 17th, 2017 at 4:52pm
 
bitcoin cash skyrocketed to $3000 au then plummeted to $1500 ..

decreasing now as well yet as always markets fluctuate and it may rise yet again *

meanwhile ..

it_is_the_light wrote on Oct 10th, 2017 at 4:38am:
https://www.coingecko.com/en/price_charts/bitcoin/aud


Coin      Code      Price                                        Market Cap      Trading Volume
Bitcoin      BTC      
A$6,035.43782709
     A$100,269,746,340.3      A$1,115,056,124.8


Bitcoin (BTC)   MARKET CAPITALIZATION A$173,754,127,760.53


A$10,414.29


https://www.coingecko.com/en/price_charts/bitcoin/aud
Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
____
Gold Member
*****
Offline


Australian Politics

Posts: 33410
Australia
Gender: male
Re: Crypto currency investing
Reply #37 - Nov 18th, 2017 at 3:51pm
 
Just got my Bitcoin Gold dividend from the last hard fork.

Woo Hoo.


On this trajectory it won't be long before one Bitcoin is worth $1 million a pop

http://www.smh.com.au/small-business/finance/on-this-trajectory-it-wont-be-long-...
Back to top
 
 
IP Logged
 
____
Gold Member
*****
Offline


Australian Politics

Posts: 33410
Australia
Gender: male
Re: Crypto currency investing
Reply #38 - Nov 21st, 2017 at 7:10am
 
Back to top
 
 
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40891
The Pyramid of LIGHT
Gender: male
Re: Crypto currency investing
Reply #39 - Nov 23rd, 2017 at 7:50am
 


JPMORGAN JUST CAVED IN! WHAT THE DID WITH BITCOIN MOMENTS AGO IS GOING TO CHANGE EVERYTHING WE KNOW!
Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40891
The Pyramid of LIGHT
Gender: male
Re: Crypto currency investing
Reply #40 - Nov 23rd, 2017 at 7:52am
 
http://www.afr.com/markets/currencies/bitcoin-now-has-jpmorgan-ceo-jamie-dimon-i...

Bitcoin now has JPMorgan CEO Jamie Dimon interested (after he called it stupid)



...

by David Fickling
Six weeks can be a long time in the world of bitcoin.

Last month, JPMorgan Chase chief executive officer Jamie Dimon staked out a position for himself as one of the financial market's most prominent bitcoin sceptics, saying he'd fire any trader who dealt in it.

"I could care less what bitcoin trades for, how it trades, why it trades, who trades it," he told a conference in Washington. "If you're stupid enough to buy it, you'll pay the price for it one day."

How times change. No less an institution than, um, JPMorgan is gauging client demand and the potential risks of facilitating client trades in CME Group's planned bitcoin futures contracts, a person with knowledge of the situation told Hugh Son of Bloomberg News on Tuesday US time. (The story was first reported by The Wall Street Journal.)

There are obviously a couple of distinctions you might want to draw here. Bitcoin futures aren't the same thing as bitcoin, and facilitating trades isn't the same thing as trading. Even so, it's hard to see how a Wall Street bank could become an intermediary in this without putting its own capital on the table.

It's not clear at this stage how exactly JPMorgan would get involved, but the most obvious way would be using its futures commission merchant, or FCM. Such entities are the gatekeepers to futures clearing organisations and represent the capital-intensive central plumbing of the US derivatives market. That's by far the best fit for JPMorgan's talents - its FCM, JPMorgan Securities, is North America's second biggest by customer assets, according to Commodity Futures Trading Commission data.

In some ways, that's a business relatively insulated from the risks inherent in the products changing hands. FCMs make their money from commissions on trading and interest on their customers' funds, and by their nature are well-diversified across the field of physical commodities, currencies and other futures and options. There should be no real pricing risk, because FCMs don't trade on their own account. But swings in derivatives prices can nonetheless impose credit and liquidity risks, not least because customers are mainly trading on margin. Little wonder, then, that JPMorgan seems to be treading with care.

In many ways inevitable

For all Dimon's scorn, this move was in many ways inevitable. Banking is a client-service business, and if clients want to trade cryptocurrencies, bankers are going to start exploring ways to help them. JPMorgan's asset-management arm was for many years a bastion of active investment strategies, resisting the rise of indexing and exchange-traded funds even as the likes of Vanguard Group and BlackRock won fresh inflows. Unable to beat the passive funds, JPMorgan joined them three years ago by launching its first ETF. It's now offering 18 such products in the US alone.

This Gadfly thinks it's unlikely that digital currencies will ever challenge the position of fiat money. As mediums of exchange, they're clearly inferior to traditional money except for people involved in questionable activities, and consequently they represent no risk to the US dollar's status as the premier unit of account. As stores of value, the third traditional characteristic of money, bitcoin has done pretty well, reaching $US8245 ($10,825) on Monday - but the odds that an individual cryptocurrency "goes to zero" are, if anything, little different than those an individual stock goes bankrupt.

Still, digital currencies don't need to be "money" for them to be a worthwhile business for a brokerage like JPMorgan. Right now, the value invested in all cryptocurrencies is about $US242 billion, according to data provider coinmarketcap.com.

That's a potent indicator of demand - and where demand leads, banks tend to follow.



Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
____
Gold Member
*****
Offline


Australian Politics

Posts: 33410
Australia
Gender: male
Re: Crypto currency investing
Reply #41 - Nov 24th, 2017 at 7:28am
 
Another hardfork coming.
Bitcoin Diamond, BTD,
at block height 495866.
Probably a week away.

Hold your private keys for this next airdrop.


Correction. 12 hours away.
https://blockchain.info/


http://www.btcd.io/
Back to top
« Last Edit: Nov 24th, 2017 at 8:07am by ____ »  
 
IP Logged
 
Pho Huc
Gold Member
*****
Offline


Australian Politics

Posts: 985
Victoria
Gender: male
Re: Crypto currency investing
Reply #42 - Dec 21st, 2017 at 11:11pm
 
Bitcoin has corrected to 22k australian. Im investing in alt coins. money money money.
Back to top
 

The law locks up the man who steals the goose from the common, but leaves the greater criminal loose who steals the common from the goose (convict saying)
 
IP Logged
 
Sprintcyclist
Gold Member
*****
Offline


OzPolitic

Posts: 39427
Gender: male
Re: Crypto currency investing
Reply #43 - Dec 21st, 2017 at 11:40pm
 

It's amazing.
I can't get my head around it.

I can see this

...

and this

...

So, I can't buy them.
Back to top
 

Modern Classic Right Wing
 
IP Logged
 
The_Barnacle
Gold Member
*****
Offline


Australian Politics

Posts: 6205
Melbourne
Gender: male
Re: Crypto currency investing
Reply #44 - Dec 23rd, 2017 at 11:08am
 
Sprintcyclist wrote on Dec 21st, 2017 at 11:40pm:


This is a mega bubble.
Bitcoin produces no income, has no intrinsic value, in fact they don't really exist except in cyberspace.

When this bubble pops a lot of people are going to get hurt
Back to top
 

The Right Wing only believe in free speech when they agree with what is being said.
 
IP Logged
 
Pages: 1 2 3 4 5 ... 9
Send Topic Print