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​​​​​​​ 1 Bitcoin was $23,838.20 USD now $58,138.56 US Dollar  USD 2/21/21

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  • #16
    Now $52,149.90 USD
    “I hate rude behavior in a man. Won't tolerate it.” - Woodrow Call in Lonesome Dove


    • #17

      1 Bitcoin =
      53,706.64 US Dollar
      Last updated · February 19, 9:47 AM CST

      And now get ready for the big credit card vendors who are already gearing up for E-currency
      “I hate rude behavior in a man. Won't tolerate it.” - Woodrow Call in Lonesome Dove


      • #18
        1 Bitcoin =
        55,568.94 US Dollar
        Last updated · February 19, 2:52 PM CS
        “I hate rude behavior in a man. Won't tolerate it.” - Woodrow Call in Lonesome Dove


        • #19
          see post on Biden Admin to use banks against enemies.


          • #20
            Originally posted by HAPD View Post
            see post on Biden Admin to use banks against enemies.
            The IRS snuck a question on the latest tax forms asking if you have any form of Crypto Currency. I told some friends to invest in Bitcoin when it was around $800 and they have paid off their kids college tuition and more with it. Now, the big players are going to jump in the game and use it for transactions and things will change in the world markets rapidly. The smartest thing for a state like Texas to do is to start their own form of Crypto Currency.
            “I hate rude behavior in a man. Won't tolerate it.” - Woodrow Call in Lonesome Dove


            • #21
              And now it's up to

              56,176.80 United States Dollar
              Feb 19, 9:40 PM UTC ·
              “I hate rude behavior in a man. Won't tolerate it.” - Woodrow Call in Lonesome Dove


              • #22
                Now 58,138.56 US Dollar
                “I hate rude behavior in a man. Won't tolerate it.” - Woodrow Call in Lonesome Dove


                • #23
                  ah, 58 thousand dollars. That ought to buy some hots dogs and mustard. really, hoping it works out for those involved.


                  • #24
           (for video's)
                    Zero Hedge
                    JP Morgan Values Bitcoin By Cost of Production? Wall Street Has No Idea What This Stuff Is

                    BY REGGIE MIDDLETON
                    SATURDAY, FEB 20, 2021 - 12:32
                    People have been asking me, "How did you manage to score such a monumental crypto patent before all of these billion and trillion dollar companies?". The answer is actually quite simple. I understood what crypto and blockchain were, early on.

                    These videos were all made in the first week of 2014 - over 7 years ago - before the birth of Ethereum!

                    Foresight and understanding enabled me to see what many others couldn't or didn't. That was back in 2013. Fast forward to 2021, and some of the biggest names on Wall Street still don't have a clue. This means that I still have a distinct advantage!

                    Reuters reports: Bitcoin is 'economic side show' and poor hedge against stocks: JP Morgan

                    For one, you know there's a problem if someone is trying to value a paradigm shifting, inter-industry protocol by using its "production costs"!

                    It shows a blatant misunderstanding of how platform-based, paradigm shifts behave - or even of what they are.

                    Let's take a look at using that logic as applied to the last protocol-based paradigm shift.

                    What is the "production cost" of the Internet? We can back into that by quantifying the complete operating costs of those entities that actually supply the Internet.
                    1. The Blended Telecomm net profit margin is 8%
                    2. Global broadband revenues are $395B (alternative source).
                    3. Thus, rough, all-in cost of production is about $363B ((199% - 8%) * $395B).

                    This is the Internet Protocol's applied production cost (the cost to actually use the value of the protocol in real life) - $395B.

                    Now, how much is the Internet worth? A common sense view...

                    At a glance
                    • The value of the internet is difficult to assess, but economists believe its services are worth much more than the cost of internet subscriptions.
                    • It presents a significant consumer surplus, which is the gap between how much something is worth to us and how much we pay for it.
                    • Deeply ingrained in society, it is almost impossible to put a monetary value on the internet.

                    The internet became a global commercial network in the 1990s. Less than three decades later, it is everywhere. Now that we’ve created it and come to rely on it, we inevitably wonder: what is it worth?

                    Well some studies say in excess of $10 trillion, others $7.8 trillion - all account for.... just the US! As the US is roughly 20% of global GDP, multiply that by 5, and.... you will find that $40 to $50 trillion is a lot more than the cost of production at $395 billion. But wait...

                    As excerpted from "How Much is the Internet Worth?"

                    ... Most recently, yet more economists – this time Erik Brynjolfsson, Avanish Collis and Felix Eggers – tried yet another tack: in 2017, they asked people already on the internet whether they would give up a particular internet service in return for money.

                    On average, respondents said they would forgo services such as search engines for US$17,530, email for US$8414 and maps for US$3648.

                    This study tells us a lot about what people value most about the internet. It also gives us a figure for internet consumer surplus across the US: almost US$8 trillion a year in an economy with a US$20.5 trillion economy.

                    Source: Internet Association data from BEA.
                    Indeed, a real-world example now shows what happens when you remove internet access. India’s government turned off internet access in Muslim majority Kashmir in August 2019 in a bid to reduce public protest. The effect even in this poor region was immediate: pharmacies quickly began to run out of medicine; students could not study; news about the region dried up, even within the region itself. The New York Times quoted one local as saying: “There is no life without internet, even in Kashmir.”

                    At this point, Greenstein says, valuing the internet is a task for which economics lacks the tools.

                    “It’s no longer a partial equilibrium,” he explains. Or in plainer English: “It’s not a well-grounded question anymore.”

                    The internet, it seems, is now too deeply ingrained in our society to be assessed with mere money.

                    Why am I comparing the Internet to Bitcoin? Because I truly understand what Bitcoin, distributed ledger protocols, and the crypto industry are really about. It's the underpinnings of a global value transfer network that has the real potential to easily dwarf the Internet Very much like the Internet exists as the result of its underpinnings in information transfer protocols (IP, or Internet protocol), it is a utility with unprecedented global reach and ability.

                    It is not a commodity, nor an investment or a security. It is much too monumental to be measured in mere materialistic, one-dimensional Wall Street parlance. Big banks, regulators, investors, the media - many have this all wrong. This is how I was able to score the patent. I knew what it was that I was patenting., while nearly everyone else was looking at price charts and thinking money remittances. Granted, that was almost 8 years ago. Fast forward to today, have the big investment houses learned their lesson?
                    The Ultimate Flip Flop: JP Morgan Validates Cryptocurrency

           › i-told-you-jp-morgan-phil-nagy

                    Feb 21, 2019 — I hate to say, “I told you so”, but JP Morgan…I told you so. They just announced that they're creating their own cryptocurrency to use in house ...
                    JP Morgan Continues Crypto Flip-flop Amidst Square's $50M ...

           › 2020/10/16 › jp-morgan-continues-cry...

                    Oct 16, 2020 — The latest statement by JP Morgan on the price of Bitcoin has left multiple in dilemma. But is this something to worry about?
                    JPMorgan Completes Surprise Bitcoin Flip—And Calls A Price ...

           › sites › billybambrough › 2020/06/13

                    Jun 13, 2020 — JPMorgan, one of Wall Street's biggest banks and up until recently an outspoken bitcoin critic, has changed its tune on the world's number one ...

                    Missing: flipflop ‎| Must include: flipflop
                    JPMorgan Flip-Flops Again, Says Bitcoin May Hit ... - LaptrinhX

           › jpmorgan-flip-flops-again-says-bitcoin...

                    Jan 5, 2021 — Back at the start of November, JPMorgan quant NIck Panigirtzoglou - perhaps tasked with being the skeptic in-house bitcoin strategist ...
                    zerohedge على تويتر: "JPMorgan Flip-Flops Again, Says ...

           › zerohedge › status

                    Jan 4, 2021 — JPMorgan Flip-Flops Again, Says Bitcoin May Hit $100,000 "But Such Price Levels Would Be Unsustainable" ...
                    Bitcoin May Never Go Above $ 40,000 Again, JP Morgan ...

           › CryptoCurrency › comments › bitco...

                    Jan 27, 2021 — 1.7m members in the CryptoCurrency community. The official source for CryptoCurrency News, Discussion & Analysis.
                    JPMorgan Flip-Flops Again, Says Bitcoin May Hit $100,000 ...

           › jpmorgan-flip-flops-again-says-bitc...

                    Back at the start of November, JPMorgan quant NIck Panigirtzoglou - perhaps tasked with being the skeptic in-house bitcoin strategist - predicted that based on ...

                    In the meantime, JP Morgan advisory customers, with friends like these, who needs enemies???.

                    Now, I'm not a Bitcoin maximalist, nor do I even think that Bitcoin is the most valuable crypto, but that doesn't mean that I will just sit back and ignore the spread of misinformation! If you want to know what I'm into, then just Imagine having the keys to the internet back in 1995. Well, that's where I feel we are in 2021, with the same Luddite movement acting the role o f the naysayer! For my take, read "A Most Powerful Invention Comes to Life"
                    Last edited by HAPD; 02-21-2021, 03:43 PM.


                    • #25
                      the more finance types ponder, the more ways they come up with to make money. kinda like credit default swaps.

                      Zero Hedge
                      The First Decentralized Finance "DeFi" Index Fund Is Here

                      BY TYLER DURDEN
                      SUNDAY, FEB 21, 2021 - 11:40
                      With the rise in bitcoin over the last several months happening at the same time as the GameStop fiasco, there has been a lot of talk about the idea of decentralizing finance. In fact, we recently just wrote about crypto flash loans, which were a decentralized way to lend money to arbitrage coin prices.

                      Now, the Bitwise DeFi Crypto Index Fund marks the first index fund that offers exposure to companies and securities involved in decentralized finance, or DeFi. Decentralized lending is the lending of money to one another without the involvement of a third party.

                      The trend has "boomed in use," according to Bloomberg.

                      Bitwise’s Matt Hougan says the fund will help to smooth out some of the risk in picking names in a new space: “There’s going to be issues, not everything’s going to work out, there’s probably even going to be some blow-ups, but you want exposure to the theme. So a diversified, index-based approach can make all the sense in the world. You don’t have to monitor it, the index rebalances on a monthly basis, you don’t have to watch to see what new hot asset is emerging.”

                      And several names in DeFi have already blown up, including one exchange called SushiSwap, which saw its creator cash out only after luring "hundreds of millions" in user funds to it.

                      But U.S. dollar value involved in DeFi has rocketed - and is now up to $40 billion from about $11.6 billion in late November. Major crypto investors like Mike Novogratz are optimistic about DeFi's promise going forward. The new fund has an expense ratio of 2.5% and its holdings include Aave, Synthetix and Uniswap.

                      Recall, in writing about flash loans last week, we profiled the new service where borrowers can very quickly take collateral free loans from lenders and use the proceeds for whatever they want, before quickly paying the loan back - sometimes in seconds. The most popular use for these loans has been arbitraging coin prices on different crypto exchanges, according to Bloomberg. But what makes these loans different is that they are "bundled into the same block of transactions being processed on the Ethereum digital ledger and are executed simultaneously".

                      The loans sometimes take just seconds:
                      In the example, the transaction gets submitted to the network, temporarily lending the borrower the funds. If the trade isn’t profitable, the borrower can reject the transaction, meaning that the lender gets their funds back in either case. As far as the blockchain is concerned, the lender always had the funds. The user pays blockchain processing fees.

                      “In a way, flash loans make everyone a whale,” said Nikola Jankovic of loan provider DeFi Saver. Another player in the flash loan space, Aave, says it has already processed $2 billion in flash loans just last year alone.

                      The outlook for the loans is robust, according to crypto investor Aaron Brown: “I can see them becoming big. The same thing exists conceptually in the traditional financial system. I can buy and sell things for many times my total wealth during a day, as long as by the end of the day everything nets out to a positive balance. It’s just with crypto there is no settlement delay, so to do the same thing you need flash loans."

                      “At the end of the day, flash loans are going to be everywhere,” Stani Kulechov, Aave's CEO, said.


                      • #26
                        Wanna see all this shit end and people actually start OWING money?

                        I can invest in it.

                        Remember Cardillo


                        • #27
                          down to 46,000 or so.