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Bitcoin to 500k by 2030

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  • Bouncer
    replied
    Morgan Stanley gearing up for bitcoin derivative trading, Bloomberg reports

    https://www.cnbc.com/2018/09/13/morg...e-trading.html


    Morgan Stanley is reportedly preparing to offer bitcoin swap trading for clients, joining other top banks in a sector-wide effort to explore digital currencies.

    The bank will provide derivatives that grant investors exposure to the performance of the world's largest cryptocurrency, Bloomberg News reported, citing sources familiar with the matter.

    Traders will have the choice to go either long or short using so-called price return swaps; Morgan Stanley will charge a spread for each transaction, the source told Bloomberg.

    Trading will begin once an internal approval process is complete and there is proven client demand, the report said.

    A spokesman for Morgan Stanley wasn't immediately available for comment.

    News of Morgan Stanley's foray into cryptocurrency assets comes as other Wall Street titans start similar campaigns into digital derivatives. Goldman Sachs, for example, clarified last week that the bank is working on a type of derivative for bitcoin called non-deliverable forwards due to client demand.

    Goldman Sachs Chief Financial Officer Martin Chavez said that the assets will be settled in U.S. dollars and that the reference price is the bitcoin-dollar price as established by a set of exchanges.

    The Wall Street giant has been debating the launch of some sort of cryptocurrency option over the last 12 months, but it's never been quite clear just what the bank had in store.

    Wall Street's burgeoning interest in crypto comes despite a yearlong slide in the value of bitcoin, which has lost more than half its value over the last 12 months. That may help explain why none of the major U.S. banks has made a more forceful entry into the space, opting instead for the comparative safety of regulated futures markets.

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  • Bouncer
    replied
    billions pumped into the market in seconds. make sure to set your stop limit sell orders just under the new range so that it if it does drop you will keep your gains.

    Leave a comment:


  • Bouncer
    replied
    bori my man the cnbc counter indicator proves correct again. haha. you were correct. i can't wait for cnbc to start saying bitcoin is dead again, then we will have a confirmed moon. :D

    side note, anyone that has a dime in crypto right now is an idiot. let this fucker crash and buy the dip. if it bounces off 6k again we have an established floor that has rejected the bears like 7 times at this point. let it go to 6k and test again. that will be the start of a new rally. until then it's fighting the trend to put any money in crypto.

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  • Bouncer
    replied
    Goldman CFO Says Report That Bank Is Abandoning Plan To Trade Cryptocurrencies is "Fake News"

    https://www.zerohedge.com/news/2018-...cies-fake-news

    Leave a comment:


  • Bouncer
    replied
    Originally posted by boricuarage79 View Post
    Get your shorts ready

    https://twitter.com/CNBCFuturesNow/s...380547584?s=19

    Sent from my SM-G950F using Tapatalk
    i know CNBC is a good counter indicator but i do not believe it's a smart idea to short now.

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  • boricuarage79
    replied
    Get your shorts ready

    https://twitter.com/CNBCFuturesNow/s...380547584?s=19

    Sent from my SM-G950F using Tapatalk

    Leave a comment:


  • Bouncer
    replied
    Lloyd’s of London Insures Bitcoin, Ethereum and Litecoin Investments in Crypto Custody

    https://dailyhodl.com/2018/09/05/llo...rypto-custody/

    Kingdom Trust, a US-based company offering crypto custodial services, is now insured by Lloyd’s of London.

    Kingdom Trust is a storage platform with over $12 billion in assets and holds over 30 cryptocurrencies, including Bitcoin, Ethereum and Litecoin.

    It has now retained one of the world’s premier insurance companies. The partnership is expected to bring a new level of trust and safety to potential institutions looking to invest in the digital currency market.

    According to a statement by Kingdom Trust’s CEO Matt Jennings,

    “Qualified custody by a regulated, insured financial institution is a top priority and critical hurdle for institutions to invest in the digital asset markets.”

    “By adding another trusted specialist like Lloyd’s to our platform, we’re ensuring that current and future clients will have access to a highly secure, complete safekeeping solution tailored to meet the challenges of institutional finance.”

    Since 1686, Lloyd’s has been pushing the boundaries on insurable assets. From a food critic’s tastebuds, to several singers’ vocal cords, to a porn star’s penis, to a confident comedy theatre group against the risk of an audience member dying of laughter, the company has explored new and interesting opportunities.

    Lloyd’s managed insurance claims from the 1906 San Francisco earthquake when 3,000 lives were lost and nearly 80% of the city was destroyed by fires. The company promptly paid all claims in full – totaling $50 million, equivalent to over $1 billion today – regardless of the terms.

    Kingdom Trust reaches over 100,000 clients invested in Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Ripple, Zcash, Stellar Lumens, and 21 other cryptocurrencies. The company says it plans to support many more in the future.

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  • Bouncer
    replied
    Bitcoin ETF Chances Increase as Republican SEC Commissioner Appointed

    https://www.trustnodes.com/2018/09/0...oner-appointed

    The second Republican nomination for the Securities and Exchanges Commission (SEC) has finally been appointed as SEC commissioner after an approval by the Senate at a confirmation hearing this Wednesday.

    Elad Roisman will now join the other four commissioners who welcomed him in a statement made yesterday. They say:

    “Congratulations to Elad on his successful Senate confirmation. We look forward to welcoming him back to the Commission to join us and our over 4,500 dedicated colleagues. We are confident Elad will make a substantial contribution to our mission on behalf of American investors.”

    The commission now has a full house for the first time since 2015, but one of them, Kara M. Stein, has to step down this December. That would bring it down to four, and it may bring it to a stalemate as far as this space is concerned.

    Hester M. Peirce, the other republican commissioner, has been championing this space, accusing SEC of acting as gatekeepers of innovation this July after they rejected a bitcoin ETF. The vote there was 3 to 1 against. May it become 2-2 or even 3 to 1 in favor?

    “There’s a perception that the markets are rigged against the little guy and I think it’s important for the SEC to try to dispel that notion,” Roisman said at a recent Senate hearing.

    That perception is based on some century old laws that clearly are rigged against the little guy for they prohibit the little guy from taking part in some very lucrative, and risky, investment opportunities.

    Roisman’s articulation of it suggests he is of the view that something should be done about it, and there is a lot that SEC can do, with that further suggesting he may take the same views as Peirce.

    If he does, decisions at SEC will become very interesting for they might often end up in a stalemate. Clayton, a very rich individual who worked as a lawyer to elite banks and bankers, is an independent with no political affiliations, raising the question as to why Trump nominated him.

    That’s because Clayton has appeared to be democrat leaning on some issues, although it may well be the case he only cares to have favorable policy towards bankers and little else.

    Robert J. Jackson would probably continue voting against a bitcoin ETF, something which may mean we may now have a very divided SEC that can’t get anything done at a time when Congress is asking them to do a lot of thing as is the public regarding all sorts of new innovations within and outside of this space.

    Which means the chess game here is a bit difficult to see because Trump may well not nominate a further democrat to replace Kara M. Stein, but his blunder in appointing Clayton may well mean such lack of appointment would only limit the damage SEC can do rather than pushing through Trump’s electoral promise to stop choking businesses.

    And they are chocking. Start-ups are at their low levels. IPOs are down. Years of red tape by the previous Democratic administration means agencies like SEC have effectively done nothing to adapt to the digital age.

    The smart move here therefore may well be to appoint a reform minded Democratic nominee considering many of the SEC related issues are actually very bipartisan politically, such as adapting century old laws to the current age and removing or curtailing investment prohibitions.

    Then votes may end up 3 to 2 in favor of reforms, in addition to Congress itself hopefully looking at some of these discriminatory laws which most likely have very little public support in their current form.

    So the appointment of Roisman might not be quite a reason to get ones hopes up, but it is better than it was, unless he surprises. That’s because at the very least there will now be some pushbacks at the minimum and perhaps even some wins as SEC faces a new generation of investors with very 21st century demands.

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  • boricuarage79
    replied
    Bitcoin to 500k by 2030

    800.

    Could of been worse!! Dash hit the stop, but not Bitcoin Cash.

    Phaggots

    Leave a comment:


  • Bouncer
    replied
    Originally posted by boricuarage79 View Post
    Problem is when it drops so fast. The stops do not work. At least in binance.
    I was out in universal all day so i didn't get to see the exchange till i got home and my stop was way passed the limit and ordered never went back on tether.
    To many people..
    Took me awhile to manually sell

    Sent from my SM-G950F using Tapatalk
    That sucks bro. Was it a big loss?

    Sent from my Moto G6 using Tapatalk

    Leave a comment:


  • boricuarage79
    replied
    Originally posted by Bouncer View Post
    Yea that happened a couple days ago. Was probably part of the sell off today. That or some insider trading at Goldman Sachs.

    It will find bottom and surge again. Every time it drops I put a stop limit buy $100 over the line to catch any potential bull spikes up.

    Sent from my Moto G6 using Tapatalk
    Problem is when it drops so fast. The stops do not work. At least in binance.
    I was out in universal all day so i didn't get to see the exchange till i got home and my stop was way passed the limit and ordered never went back on tether.
    To many people..
    Took me awhile to manually sell

    Sent from my SM-G950F using Tapatalk

    Leave a comment:


  • Bouncer
    replied
    Originally posted by boricuarage79 View Post
    There is movement of 110,000 $BTC from a wallet that has remained dormant since 2014.

    15,593 Bitcoin have been sent to exchanges.

    11,114 sent to Bitfinex.
    4,421 sent to Binance.
    210 sent to BitMEX.

    A reddit user by the name if sick_slick believes this is a Silk Road wallet.

    Sent from my SM-G950F using Tapatalk
    Yea that happened a couple days ago. Was probably part of the sell off today. That or some insider trading at Goldman Sachs knowing they were cancelling the OTC.

    It will find bottom and surge again. Every time it drops I put a stop limit buy $100 over the line to catch any potential bull spikes up. High enough not to be triggered by a wick.

    Sent from my Moto G6 using Tapatalk

    Leave a comment:


  • boricuarage79
    replied
    There is movement of 110,000 $BTC from a wallet that has remained dormant since 2014.

    15,593 Bitcoin have been sent to exchanges.

    11,114 sent to Bitfinex.
    4,421 sent to Binance.
    210 sent to BitMEX.

    A reddit user by the name if sick_slick believes this is a Silk Road wallet.

    Sent from my SM-G950F using Tapatalk

    Leave a comment:


  • Bouncer
    replied
    This AI Tracked Unusual Market Behavior Before Today’s Big Crypto Drop

    https://www.ccn.com/unsual-cryptocur...g-crypto-drop/

    Leave a comment:


  • Bouncer
    replied
    Originally posted by boricuarage79 View Post
    That's how fast BTC can shit the bed. So fast that none of my stops hit!!

    Sent from my SM-G950F using Tapatalk
    she's holding 7k nicely for now. upwards movement from there is very bullish IMO.

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