Why gold and bitcoin are freedom eus new plans to eliminate cash are not about convenience but about
Therefore, just control the upstart before if gains traction why gold and bitcoin are freedom eus new plans to eliminate cash are not about convenience but about all that needs to be done. And it is being done right now. This is a tax on the ignorant common man feeling the anxiety of missing out unfolding in real time.
Technology that removes the banks' clearing risk while keeping the client captive in their system. Technology is disruptive, yes. But market structure, regulatory agenciesand marketers that lobby and shill for the Banks and Government will win. Technology has no protective moat by nature. It is that quality which will allow Bitcoin to be owned by the powers that be. As the cash in India is being replaced by Visa cards, so shall the Bitcoins be replaced by bank or nation state branded versions of themselves.
There seems to have been no particular catalyst for the selloff, with extreme volatility remaining a hallmark of the digital token.
You know, like when miners hedge production through bullion banks? After we do that, we will destroy the public longs. We were compelled incensed to bang this post out despite being on vacation. Written from the road hastily but accurately. How many times can you be warned? Bitcoin is not your savior from Banking Oligarchs.
Banks are not going to give up their franchises. If they cannot beat Bitcoin, they will create their own. The CME has embraced Blockchain technology. Banks are starting their own crypto currencies. Believe us when we say, either the government, or the Banking industry will shut it down. If they cannot, then they will buy or control it. This is a war between Mice and Cats. Sometimes it is by developing their own Tech. Sometimes it is by using the government regulatory agencies to help them.
Sometimes it is via a fear campaign. Usually, it is all three. Banks are developing their own proprietary Blockchain products.
Governments are restricting ways to use Bitcoin. And finally it is done under the cover of "stop the crime".
You traded freedom for convenience again. Here's a lesson from people who understand this as it happened to Gold. This is the China way. China is a newbie when it comes to manipulating its people. Price appreciationby the way, that was a reflection of what would happen to gold if they took their foot off its throat.
Bitcoin needed to be controlled; for it showed the vulnerability to government issues fiat as trustworthy. Is it not obvious? Where corporate and government interests can intersect, they do- and the public gets killed at the crossroads. This is not a negative on the product. You may very well make money on a 5 year hold, but not as much as if there were no futures, not as much as owning BTC itself.
Bitcoin is now a trading vehicle. But it is the selling of it to a public that is woefully under capitalized, undereducated, and in search of a financial messiah to solve their fear of missing out anxiety.
What I can offer is the differential will become a product of cost of production, cost of storage, opportunity cost of money, and taxation. I have to wonder: Look, at why gold and bitcoin are freedom eus new plans to eliminate cash are not about convenience but about basic level, the futures settle cash, they are not fungible with BTC, they cannot be.
There is no above ground fungible unified supply in exchange vaults yet. Therefore it must trade at a discount to the real thing. The other factors that need to be considered are cost why gold and bitcoin are freedom eus new plans to eliminate cash are not about convenience but about mining and storage in energy terms.
Maybe there is an arb between BYC, Futures and electricity. It will be free money to them. They will certainty profit being long, short and sideways in Bitcoin futures.
Don't dig for gold, but the company that sells the shovels here. Will botcoin not a typo- the algos are coming rally again? Of course it will. It will undermine the pseudo crypto exchanges which do actually need regulation. But make no mistake about: And it is a tax on you. Bigger forces are now being put in place to make bitcoin less volatile, lower in price, and a sleepier asset.
This is a joke. Congress passed a bill to keep the U. Measures contained in the bill will allow President Donald Trump to sign the tax plan as early as today. Written by Soren K. You Bet We Are We were compelled incensed to bang this post out despite being on vacation. In the aggregate we said the following: We circled back to Vince for a comment: On investing vs trading: So what price should futures trade at compared to spot?
Staying open Congress passed a bill to keep the U. Read more by Soren K.