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Author Topic: Daily Crypto Nooooooz  (Read 148921 times)

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #375 on: February 04, 2018, 07:36:33 am »
‘in a way, all these red days should be good, I expect good coins will rise from ashes and shit coins will [not].’ Georgio Carasco De La Cruz (on our Telegram channel)

This is an astute insight. Let’s dare to say some obvious stuff right out loud:

it was big flimsy cryptos/2.0-crypto-ICO scams that sparked the government push-back; and now solid (innocent) cryptos are suffering from the bad reports.

But here’s where it gets interesting: if we can persevere – it’ll be months and months and months – the world’s understanding of cryptos will improve, and people will begin to identify and choose those cryptos with sound foundations and long-term agendas . . . like GRS.

Meantime? Trade hard.
« Last Edit: February 04, 2018, 07:40:56 am by indiamikezulu »

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #376 on: February 05, 2018, 10:16:43 am »
'The Ontario Municipal Employees Retirement System (OMERS), a pension fund created by statue that handles net investment assets of $50 billion serving almost 500,000 members, is to directly buy eth by backing a newly formed company called Ethereum Capital through its investments arm.'           https://www.trustnodes.com/2018/01/30/canadas-biggest-pension-fund-buy-eth

I've been waiting to take a swing at this: how is it that NO entity, such as these guys or the stock exchanges offering Bitcoin Futures, has been called out over the evil terrorism-financing aspect of cryptos? (apart from it being largely untrue . . . ) Why is it bad for individuals to own cryptos? but okay for institutions?

Offline timmy12

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Re: Daily Crypto Nooooooz
« Reply #377 on: February 05, 2018, 12:54:22 pm »
so, can anyone tell me any critical points which do I need to care about before investing into ICOs? ;D ;D ;D

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #378 on: February 06, 2018, 01:57:25 am »
Biggie big big question, timmy.

IMHO

One: do due diligence. This got forgotten in 2017.

Two: maybe only tackle the analysis of ICOs that are some months away -- I'm really restating 'One.'

Three: if you are at all uncertain, don't buy in.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #379 on: February 06, 2018, 02:02:15 am »
Wheeee!

It's Tuesday here in Australia. Yesterday's wobblie on Wall Street is now . . . yesterday. The Oz stock market is down. And we're watching for China to open.

We're still only hours away from a Bitcoin-low of $6,756.  Will it keep going down? Don't know. Gonna trade very very carefully.

This is big news: https://www.reddit.com/r/CryptoCurrency/comments/7vhs9u/the_dip_is_over_senate_testimony_posted_online/

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #380 on: February 07, 2018, 10:53:10 am »
'If you want to try to figure out where we’re headed, you need to get out of your own head and into the minds of younger generations. While it’s fun to mock millennials and avocado toast, this is one of the most systemically screwed over generations in a long time. Thrown into the job market in the midst of an economic collapse, they watched their parents lose their homes while Wall Street got bailed out. These are lessons and experiences that stick around for life and fundamentally shape how one sees the world. The younger generations aren’t going to be interested in tinkering around the edges of the current paradigm, they’re going to want to replace it entirely. They have no loyalty to a system they’ve witnessed do so much damage.'         

https://www.zerohedge.com/news/2018-02-06/crypto-hearing-post-mortem-bitcoin-gains-regulators-balanced-not-dismissive

This is being hailed all over Planet Krypto for what it is: a remarkably honest and insightful statement by a regulator.

But m e a n w h i l e . . . Carstens of the BIS is talking the usual twaddle -- but don't take it lightly: the BIS are heavy hitters:

https://www.reuters.com/article/cryptocurrency-markets-bis/central-banks-must-act-against-ponzi-scheme-cryptocurrencies-bis-head-idUSL8N1PV5KS


Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #381 on: February 09, 2018, 11:27:54 pm »
What are the connections between stocks and cryptos?

What I've been arguing since I got into cryptos is:

One: the GFC never finished. Debt has been used to make it seem that it finished.

Two: the stock markets have been behaving crazily for years now.

Three: this week's craziness on those markets might not continue. If it doesn't, we'll puddle along in Crazy Mode for a bit longer.

Four: but . . . if the markets worsen, cryptos will not only boom in price; but the politics of it all will really kick in: Millennials -- whose adult lives have been lived through the ten years of the GFC -- will really really clearly see that the system doesn't work for them/it doesn't work at all.

I recently saw the term 'accidental criminal' -- those who have wound up on the wrong side of their Tax Department because know one can understand crypto tax regulations. Can you say 'mass social disobedience'?







Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #382 on: February 11, 2018, 03:46:50 am »
‘With China cracking down, India cracking down and big retailers that once accepted Bitcoin now turning away from it, gale force headwinds are blowing against the world's leading cryptocurrency.’

https://www.forbes.com/sites/kenrapoza/2018/02/05/banks-retailers-china-have-all-turned-on-bitcoin/#51a29e0d95ca

I was ridiculed on Reddit for saying that 2018 would be a ‘sideways’ year for cryptos.
But price is not the only measure.

The total number of crypto users in the world is still a tiny percentage of world population. So, suppose governments and central banks manage – this year and next? – to put a f a i r l y affective strait-jacket on cryptos? It may be that price does rise, perhaps back to $20k or more; but that the original libertarian goals of this technology – to provide a real alternative to a global banking-system seen as corrupt and incompetent – will not have come about.

The deciding factor will undoubtedly be the global economy – but that’s not my point.

My point is that ‘sideways this year’ isn’t just price. It could also be the creation of regulatory constraints.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #383 on: February 12, 2018, 07:37:06 am »
http://money.cnn.com/data/world_markets/se_composite/

Check the Shanghai Composite Index. Nearly ten percent down over several days, then closes less than one percent in the green on Monday -- that's the Chinese Government propping up the market -- more debt.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #384 on: February 13, 2018, 03:01:10 am »
Okay, start here, campers: 'The key lines of defence have held on Wall Street.'         

http://www.telegraph.co.uk/business/2018/02/11/frightening-market-tremor-first-warning-trouble-2019/


Now some theory: feminist theorists speak of 'gaps and silences' — the fact that the important stuff can just be left out. Okay . . .
 .
Now check here: https://www.zerohedge.com/news/2018-02-12/chinas-plunge-protection-team-arrives-urges-companies-boost-stocks-avoid-selling

'the China Securities Regulatory Commission (CSRC) and other regulators "advised and encouraged" some major stockholders to purchase more shares in the mainland-listed firms they invest in.'        ibid

'The Shanghai Stock Exchange said on Friday that it has issued warnings and limited intraday trading to prevent large equity sales that affected the market’s stability.'        ibid
« Last Edit: February 13, 2018, 03:03:55 am by indiamikezulu »

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #385 on: February 14, 2018, 01:24:52 am »
'"If you were going to look for what’s the possible real crack in the financial architecture for the next crisis, rather than looking in the rearview mirror, pension funds would be on our list,” Hunt said in a Friday interview with Bloomberg, discussing what municipalities and states will do when local tax revenues decline and unemployment worsens. "So we're worried about those pension obligations.”

PGIM, owned by New Jersey-based Prudential Financial, advises 147 of the 300 largest pension funds around the world. Hunt joined Prudential in 2011 after leaving McKinsey & Co., where he doubled assets under management, renamed the business PGIM, and bought a Deutsche Bank AG unit to expand in India.

In other words, he knows the business like the back of his hand.'

https://www.zerohedge.com/news/2018-02-13/12-trillion-asset-manager-forget-volatility-real-financial-timebomb-public-pensions

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #386 on: February 15, 2018, 06:39:19 am »
'Citi India has decided to not permit usage of its . . . debit cards towards purchase or trading of such bitcoins, cryptocurrencies and virtual currencies.'          https://www.businesstoday.in/sectors/banks/buying-bitcoin-difficult-citi-india-bans-cryptocurrency-purchase-using-debit-credit-cards/story/270561.html

'Given concerns, both globally and locally'       ibid


So far, we've heard the palaver from the banks about protecting themselves and their customers, but we now have a blatant 'governmental function': we are society's shepherds, acting locally upon international concerns.

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #387 on: February 16, 2018, 10:06:32 am »
Got an idea to kick around:

talked to our accountant today. It's increasingly clear that newcomers make almost no distinction between old-school POW cryptos and the most Wall-Street-ish permissioned-ledger blah blah token. THUS: we gotta start actually advertising ourselves as immutable (fixed number of units, no rollbacks) instruments: currency, store-of-value.

'Simple'!!

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #388 on: February 16, 2018, 10:07:57 am »
'A new poll of IT mangers at large UK businesses found that exactly half keep stockpiles of cryptocurrency for various reasons. Unlike what some might imagine, only a very small fraction of the companies that are holding bitcoin claim to be doing so as preparation for a ransomware attack.'

https://news.bitcoin.com/half-large-british-businesses-hold-stockpiles-cryptocurrency/

Offline indiamikezulu

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Re: Daily Crypto Nooooooz
« Reply #389 on: February 17, 2018, 08:18:05 am »
Got an idea to kick around:

talked to our accountant today. It's increasingly clear that newcomers make almost no distinction between old-school POW cryptos and the most Wall-Street-ish permissioned-ledger blah blah token. THUS: we gotta start actually advertising ourselves as immutable (fixed number of units, no rollbacks) instruments: currency, store-of-value.

'Simple'!!

Further detail: check this: https://cointelegraph.com/news/bitcoin-foundations-llew-claasen-says-bitcoin-will-hit-40000-90-of-altcoins-will-fail
It's Wall Street!

And a token I bought at ICO is requiring KYC. The devs seem utterly oblivious to the notion that KYCs for 'crypto' holders is at all unusual.

We shall distinguish ourselves from the froth and bubble of ICOs and corporate 'DLT' and mutable 2.0s and Government coins and pegged tokens. 'Just' GRS.

« Last Edit: February 17, 2018, 08:27:56 am by indiamikezulu »