Bitcoin, Cryptocurrency, and the Future of Global Finance

#2,476
#2,476
LOL!!!!!!

Did some one peel back the curtain a little bit and show Trump what a few select blockchains are designed to do???

Stay tuned!!!!
 
#2,483
#2,483
#2,485
#2,485
Is crypto just in a long stall? Will ETH ever take off again? I thought the spot ETFs would drive interest, but not much happening this year. . . .
 
#2,486
#2,486
kiddiedoc said:
Is crypto just in a long stall? Will ETH ever take off again? I thought the spot ETFs would drive interest, but not much happening this year. . . .
Click to expand...

The fees on the ETPs are oppressive - pushing 2%.

MSTR is way to gain BTC exposure, but it has a significant premium.

The retail crypto brokers were smoking, but the traditional firms are moving into that space. HOOD was once benefiting immensely but really damaged their reputation by helping the meme stock shorts get out of their positions by blocking the small, retail investors from bidding up their shares.

CME might work once the floodgates are flung wide open with the crypto names being option-able like commodities and FOREX.

I think that the more that the big Wall Street firms get involved, the thousands of garbage crypto names will die off.
 
#2,487
#2,487
kiddiedoc said:
Is crypto just in a long stall? Will ETH ever take off again? I thought the spot ETFs would drive interest, but not much
Click to expand...
Rises in global M2 guide the market.

Having said that the rate cuts needed to fix the mess in the chart below should rocket the M2

The 50 basis point rate cut last week will kick things off.

Lowering rates will cause money market funds to switch to higher risk assets also helping things out.


Unrealized Lossesjfif.png


Tokenization of real world assets on the institutional level is starting now also. That will bring in more liquidity also.
 
#2,488
#2,488
Thunder Good-Oil said:
The fees on the ETPs are oppressive - pushing 2%.

MSTR is way to gain BTC exposure, but it has a significant premium.

The retail crypto brokers were smoking, but the traditional firms are moving into that space. HOOD was once benefiting immensely but really damaged their reputation by helping the meme stock shorts get out of their positions by blocking the small, retail investors from bidding up their shares.

CME might work once the floodgates are flung wide open with the crypto names being option-able like commodities and FOREX.

I think that the more that the big Wall Street firms get involved, the thousands of garbage crypto names will die off.
Click to expand...
What premiums are you talking about with MSTR? And before it split selling puts was a bottomless ATM.
 
#2,489
#2,489
SpaceCoastVol said:
What premiums are you talking about with MSTR? And before it split selling puts was a bottomless ATM.
Click to expand...

The market cap is a little bit greater than $30 billion.

The Bitcoin holdings are about $15 billion.

The software business has sales of around a half billion.

So the business is selling for up to 30x revenue. But it would be several multiples lower by placing a multi-billion dollar valuation on their Bitcoin accumulation strategy. However, there’s also a few billion of debt on the balance sheet.

High risk. Highly leveraged. Possible high reward. The implied volatility of the options make them quite attractive for Put sellers that believe in the strategy. Basically a 10% discount over simply buying MSTR shares when instead selling cash reserved puts with only a couple of weeks until expiration.

They also own over 1% of ALL Bitcoin.

Brokers might also limit how much direct ownership of crypto currency a customer can own. At least in margin accounts. There aren’t those same potential limitations on owning MSTR shares.
 
#2,490
#2,490
Thunder Good-Oil said:
The market cap is a little bit greater than $30 billion.

The Bitcoin holdings are about $15 billion.

The software business has sales of around a half billion.

So the business is selling for up to 30x revenue. But it would be several multiples lower by placing a multi-billion dollar valuation on their Bitcoin accumulation strategy. However, there’s also a few billion of debt on the balance sheet.

High risk. Highly leveraged. Possible high reward. The implied volatility of the options make them quite attractive for Put sellers that believe in the strategy. Basically a 10% discount over simply buying MSTR shares when instead selling cash reserved puts with only a couple of weeks until expiration.

They also own over 1% of ALL Bitcoin.

Brokers might also limit how much direct ownership of crypto currency a customer can own. At least in margin accounts. There aren’t those same potential limitations on owning MSTR shares.
Click to expand...
Yeah I am one of those put sellers. Still holding a bunch that are all mostly OTM. The others will be if it hits $158/share. If not, I'll either roll out and down or just take the profit. Until we know the results of the November election though I am more tempted to exit with the profit and re enter after we know for sure if we are going to have a socialist government or not.
 
#2,491
#2,491
SpaceCoastVol said:
Yeah I am one of those put sellers. Still holding a bunch that are all mostly OTM. The others will be if it hits $158/share. If not, I'll either roll out and down or just take the profit. Until we know the results of the November election though I am more tempted to exit with the profit and re enter after we know for sure if we are going to have a socialist government or not.
Click to expand...

If Trump wins he will be supportive of Bitcoin. Even though crypto isn’t beneficial to the federal government. It’s not going away. Public officials might as well get on board.

If Kamala wins there will be a big flow of investment assets moving to crypto.

IMO, the biggest risk to Bitcoin is a balanced budget and reducing the ND. That won’t happen with either candidate.

Crypto will be more investible as the prices become more stabilized.
 
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#2,492
#2,492
I’d like to hear the IRS’s plan. It’s easy to find and tax crypto coin profits when the assets stay inside of an investment account. But what happens if Bitcoin and the other major coins become routine methods for consumer transactions? The feds would probably have to create a national sales tax rather than attempting to determine what the capital gains calculations are.

The use of crypto by countries to settle international trade deals in lieu of US dollars will be bad for mega banks and the US government. So will a migration to crypto based consumer transactions. Both of those things are good for the crypto industry.
 
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#2,493
#2,493
If you wanna start Bitcoin mining, just get a good mining rig with solid power, and watch out for those electricity bills. Joining a mining pool helps you get rewards more often.

I also found a site that helped me a lot with mining tips. They even have a bot for optimizing Solana trades to make more money. You can check it out: Solana Volume Bot
 
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