Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's because the exchange is closed for Xmas. There's a notification on HL site.
I attended the Hive online meeting last night. They are still looking to move into more BTC production. This was about the only forward looking statement that they had, and it lacked any details at all.
I was that unimpressed with the presentation and lack of forward thinking that I rook 2/3 of my money out of their today and increased my holding here.
As soon as I hear the term 'golden tickets' I cringe.
No need to pump this stock with such terms. IMO the figures relating to the difference in market cap with peers speak for themselves. There is no such thing as a golden ticket in investing. There are risks to every investment. DYOR.
Be kind Poptimist. Everyone makes a mistake from time to time. I assume you have in your life once or twice?
What are you talking about?
Coinbase has quite high fees but has the most friendly user interface for new folk.
This has been coming for about a month but the Treasury has released its proposal for a tightening of KYC steps in the crypto world.
They are touting this move as a step against organized crime/terrorism, but it looks more like a cash grab on taxes to me.
https://home.treasury.gov/news/press-releases/sm1216
This looks like a ball ache for exchanges and banks. For the individual, they want to know everything about a transaction above a few thousand. To be honest, I assumed that they already did.
Patience. This is a 1-3 year play. Relax and enjoy the day.
Grateful for your work Blonity. Keep it up!
I'm invested here because, when taking taxes into account, I think it is probable that ARB will outperform BTC in terms of money taken home.
Personally, I put very little weight on Blonity's predictions. This because I do not think it likely that ARB will be valued at a 25x P/E ratio in this cycle. For that to be the case the volatility in BTC would need to reduce dramatically. I understand that this is happening on the macro scale, but nothing suggests that it will dramatically drop in the next year or 3. I'd be delighted to be proved wrong and for the market cap to reach the levels the Blonity mentions of course, but I do not think that this is likely.
Not unsurprisingly, doesn't look like the reimbursement is happening any time soon.
https://cointelegraph.com/news/mt-gox-trustee-files-draft-rehabilitation-plan
I notice there is no link or date attached Kiwi. You are posting outdated information. Why?
It's always good to identify those whose comments are substantial and those who are full of air early on in a board. Unsubstantiated continuous pumpers of the price are both dangerous and unnecessary characters.
There are numerous reports available demonstrating that the BTC will be returned to those effected by MTGOX. The below are only two examples.
As I've previously said, I don't actually think that these coins will be released in December - the return has been pushed back many times. However, when they are returned then a drop in price of BTC seems likely, which I will see as a buying opportunity.
https://www.fxstreet.com/cryptocurrencies/news/mt-gox-may-release-150-000-bitcoin-into-the-market-drastically-increasing-the-downward-pressure-202012081328
https://cryptopotato.com/the-mt-gox-150000-bitcoin-return-deadline-here-is-what-you-need-to-know/
Kiwi, you have previously stated this. However, this is not my understanding. Do you have any evidence to back up your opinion? (A link to an up to date reference) If not then this is simply speculation. Perhaps entertaining to discuss, but not much use in considering the market.
Kiwi, concerning the money that each owner of BTC will receive, my understanding is that the original proposal was that the owners would receive their initial investment value. However, owners went to court over this and the court found in their favor.
I'm not too concerned about these coins as I'm here for the next few years not the next few weeks.
However, I'm not expecting the MtGox coins to hit the market any time soon. There have been numerous deadlines passed for these coins to be returned and I see nothing different about this deadline.
I see no evidence that institutions have bought all of these coins. I agree that it is likely that some (a few, a lot - no idea) will be bought OTC by institutions, but that is speculation on my behalf, and, unless you can provide evidence, it is speculation on your behalf also. Do you have a link to any solid evidence to demonstrate that these coins have been bought OTC?
Hi Nthoftheriver. The answer to your question has been provided by Michael Sailor et al far better than I can verbalize.
You seem to have answered much of your own question already, but the long and short of it is that: 1. BTC volatility is reducing over the macro scale. 2. The increase in money supply over the last 10 years, and this year in particular which has seen a circa 22% increase in the amount of dollars in the system, is leading to huge asset inflation. On the macro scale BTC is the only asset that has historically kept up with the increase in money supply. BTC has been the only effective hedge against asset inflation. This is what makes it a long term hold rather than a trade. It just depends on ones timescale.
It's a fact-less opinion piece which can best be summarized as 'bitcoin has value because people believe it does'. This statement can be made of any of the fiat currencies. The only difference being that fiat can be printed into oblivion and lacks transparency. The future of BTC is bright.