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  • #1588 Reply
    Lance Thompson
    302 Posts

    Sorry I'm late in sharing this but check it out y'all…….now Saudi Arabia is getting in on the digital currency action too…….hmmm………………..

     

    https://bitcoinexchangeguide.com/saudi-arabia-explores-option-to-launch-a-new-cryptocurrency-coin-with-uae-in-2019/

    #1591 Reply
    Lance Thompson
    302 Posts

    NABPM…………..

    As investors it would strongly strongly strongly behoove you to read this article. The recent trading of Bitcoin futures signals that Wall Street has high expectations for Bitcoin in 2020.

     

    https://www.forbes.com/sites/billybambrough/2019/12/06/theres-something-very-strange-going-on-with-bitcoin-futures-updated/#7049397d797c

    #1593 Reply
    Lance Thompson
    302 Posts

    Whelp,

    Come either Friday or Monday or Tuesday of next week we’ll see if either the U.S. or China has reneged like several times in the past……But if it turs out to be real??……We already see that the Dow, S&P and Nasdaq are up at record highs on the news today……Let’s see if it has any kind of effect on the crypto market as well.

    https://www.bloomberg.com/news/articles/2019-12-12/u-s-reaches-deal-in-principle-with-china-awaits-trump-sign-off

    #1618 Reply
    Lance Thompson
    302 Posts

    Yeah………..

    As of right now on Tuesday, January 14th, 2020 Bitcoin is up +$681.16 to $8,822.29 on what “feels like” very strong institutional buying. I’m quite sure many of you all are asking “Well what took so doggone long??” which is an excellent question. One that I’ve been contemplating myself. At this point, until a few institutional investors come on Bloomberg & CNBC and confirm what is driving the current crypto bullrun, people like you & I can only speculate and guess. Here’s a few things I think may be fueling the current run we’re on:

    #1. One institutional investor said months ago that “historically” Bitcoin has always gone on a bullrun whenever the S&P 500 has hit new highs. Well the S&P, Dow and the NASDAQ have all been hitting new highs since the U.S. & China agreed to cease with the trade war and to agree to Phase 1 of the New U.S./China Trade Deal. Within the next few days I would imagine that the Dow will close above 29,000 for the 1st time in human history y’all!! I repeat, for the 1st time in human history!!

    #2. Bitcoin will be halving in May which means that the amount of Bitcoins available for purchase will be cut in half. Needless to say, fewer coins?? Means a higher price for Bitcoin and institutions are anticipating that.

    #3. The tracking of Bitcoin purchases which led to the busting up of that child pornography ring based in South Korea back in October I think was HUGE for making Bitcoin no longer be viewed as a safehaven for criminals and terrorists as it has been labeled by Dr. Nouriel Roubini and several other cryptocurrency skeptics……By the way, since Bitcoin was used to catch the guy running that child porn site on the dark web there’s been no Nouriel Roubini sighting. I’ve been looking all over YouTube for videos of him trashing Bitcoin since the date when that story broke but haven’t been able to find any clips with any interviews done with him. Anybody seen him?? Feel free to hit me up with any clips recorded of him discussing cryptocurrencies or Bitcoin since that date if you can find any. He’s starting to look like all other know-it-alls….All out in the open when he’s right…Nowhere to be found when he’s wrong.

    #4. President Trump, Treasury Secretary Mnuchin and the Chinese Government have ALL come out trashing Bitcoin and cryptocurrencies and the Chinese Government has shutdown multiple cryptocurrency exchanges on the Mainland (without outright banning it) which made institutions very “skittish” about whether or not cryptocurrencies could end up permanently banned by World governments……then China goes public with their plans to launch their own digital currency, the U.S. Federal Reserve Bank announces that the U.S. too is looking at the possibility of launching a U.S. digital currency, Saudi Arabia then announces that it too is contemplating launching its own digital currency, several U.S. lawmakers have come out and publicly stated that “cryptocurrencies are here to stay” and in addition to that, the U.S. Securities & Exchange Commission has approved the launching of Bitcoin futures sold by both Bakkt and CME. Hmmmm……I think that market makers (institutional investors) looked at those things and then shot a side-eye at the SEC, Trump, Mnuchin and China and basically said “Y’all full of $–t”. So institutions now believe that those governments are just blowing smoke up their backsides. Oh one last thing, some of you may be wondering “Well what’s the difference between a cryptocurrency and a digital currency?”…..Excellent question. According to the discussions that I’ve seen on Bloomberg a digital currency is controlled by a big company or government….some big entity. A cryptocurrency on the other hand isn’t controlled by any big institution….it’s electronically mined by computer miners. Some of you may be wondering “Kinda like electronic coal miners??”…..Something like that. Now from there, once they’ve mined a Bitcoin or other cryptocurrency they can then sell it on one of the exchanges for whatever price the market currently has it marked at….And I’m just “guessing” when I say that. Any of you who has a deeper knowledge and expertise about the cryptocurrency mining process feel free to share your thoughts on that.

    #5. I think institutions ARE TIRED OF PLAYING THE WAITING GAME. They’ve been doing all they can to just wait Bitcoin out, praying that it would drop down to $500 to $2,000 each, way down in the crypto abyss, but the bulls have steadily come back in and defended it every time it dropped down to $6,500……At the end of the day, for those who have bought Bitcoin or other cryptos and just HODL’d them??…..(Held On For Dear Life)…..Y’all simply refused to sell and you tired the institutions OUT……y’all wore them down.

    Again just speculating but those are the things I believe that are fueling this current bullrun we’re on.

    #1623 Reply
    Lance Thompson
    302 Posts

    This appears to be the 1st public explanation for what has led to the recent spike in the price of Bitcoin……apparently large clustered orders for March Bitcoin futures have been coming in on a crypto exchange called OKEx leading market analysts to believe that this rally is mostly Asian-centric….that's very very interesting. Why? Because OKEx is based in Malta which is a European country located in the Central Mediterranean between Sicily and North Africa. When Mainland China came through shutting down cryptocurrency exchanges back in 2017 a number of the founders of those closed down exchanges fled China and reopened their exchanges in Malta. The founder of Binance fled China when that crackdown took place back in 2017. Binance is one of the biggest crypto exchanges in the World. Where is it headquartered now?

    Malta.

    Somebody was saying on Bloomberg that China's attempts to stop the purchases and trading of cryptocurrencies would be unsuccessful and it appears that prediction is turning out to be right.

     

    Breaking This Line Could Cause Bitcoin to Turn Parabolic and Rally 1000%

    #1628 Reply
    Lance Thompson
    302 Posts

    An online video news interview that just came out on Yahoo!Finance about 2 hours ago today, Thursday, January 23rd, 2020 showing that a recent study reveals that 90% of central banks around the world see the impending arrival of their own digital currencies within the next 3 or 4 years.

     

    https://finance.yahoo.com/video/central-banks-see-impending-arrival-202100799.html

    #1635 Reply
    Lance Thompson
    302 Posts

    Hello All,

    My apologies for just now sending this article out to you but it's an excellent account of all new government regulations being proposed on cryptocurrencies for multiple advanced economies. It shows what is being proposed by the United States, China, Germany, Australia, India and Switzerland. The thing that I've been learning is this…..the Commissioner for the U.S. Securities & Exchange Commission is a woman by the name of Hester Pierce and from what I've been reading about her she is "extremely" cryptocurrency friendly in her stances and views. She believes in this innovation and has stated that publicly at several Congressional hearings.

    As far as any new legislation being proposed by President Trump & Treasury Secretary Steven Mnuchin??…..It's all translating into this…..Tough-talk…..Soft legislation. Everything that they are proposing is geared toward keeping "criminals" from using cryptocurrencies for nefarious purposes. Other than that, John Q. Taxpayer and Jane Q. Taxpayer (people like you & me) who want to use it for law-abiding purposes are in the clear…..so long as we report any profit from them on our taxes. Enjoy the article.

     

    https://news.bitcoin.com/trump-cryptocurrency-china/

    #1636 Reply
    Lance Thompson
    302 Posts

    NABPM,

    Please don't underestimate the gravity and weight of the decision to lift this banking ban on cryptocurrency exchanges by India's Supreme Court. Article just came out 9 hours ago.

     

    https://www.coindesk.com/indias-supreme-court-lifts-banking-ban-on-crypto-exchanges

    #1637 Reply
    Lance Thompson
    302 Posts

    And even MORE good news NABPM that the South Korean Government has "officially" approved cryptocurrency trading, just with extra regulation imposed on cryptocurrency exchanges there. This article just came out 5 hours ago. And for those wondering "Well why did Bitcoin shootup when India's Supreme Court lifted the banking ban on cryptocurrency exchanges yesterday??"……Because of the number of people there……(1.3 Billion people in India are now free to trade cryptocurrencies). For those who own Bitcoin and other cryptocurrencies, what's the hope & prayer?? That China will now soften its stance on cryptocurrency trading which would expose another 1.4 Billion people on the planet to crypto.

    Now that India has decided to expose their 1.3 Billion citizens to cryptocurrency, that definitely changes the price projection for Bitcoin…..I can only speculate but I'm thinking that $110,000 per Bitcoin is no longer "out of reach"……I have no expertise in speculating that it'll go up that high but hell, Wall Street will speculate all over the place and a lot of the so-called "experts" coming on CNBC & Bloomberg don't know how high it's going either. Ha!!!  🙂

     

    https://u.today/bitcoin-btc-price-reclaims-9000-level-aims-higher-on-south-korea-news

    #1640 Reply
    Lance Thompson
    302 Posts

    Article just came out 2 hours ago revealing that Bitcoin futures and options volume has begun  surging within the last few hours and to expect an explosive move upward……Have no illusions…..Make no mistake about it Good People. This is directly tied to India's Supreme Court lifting their banking ban on cryptocurrency exchanges.

    I give it 10 days and it's gonna be on & crackalating for Bitcoin……How high will it go?? God only knows…..But I wouldn't be surprised to see it begin bouncing back & forth within the range of $10,000 to $20,000………

    https://www.newsbtc.com/2020/03/11/bitcoin-futures-and-options-volume-is-surging-expect-an-explosive-movement/

    #1642 Reply
    Lance Thompson
    302 Posts

    Just saw this Cat who came in 1st Place in the 2018 Heartland Poker Tour on tv by the name of Maurice Hawkins…..He's an outstanding poker player out of Plantation, Florida…..He's a Florida boy. After I read "the headline" about the brother being sued by one of his backers I STARTED not to share this because I assumed that he was a scammer who didn't deserve recognition….then after reading through the whole story I found that when the brother got sued he didn't run & hide and he didn't make excuses. He came out and gave HIS SIDE of the story, made it publicly known that he is in the process of paying his financial backer back, straightened out where they had a misunderstanding and his financial backer "publicly backed him up" on his claim.

    For all of my brothers out there?? Always do business like Maurice Hawkins…..Always be honest, always be straight-up, always take PERSONAL RESPONSIBILITY for your mistakes, always make EVERY EFFORT to pay what you owe, don’t go through this life of yours always “pointing fingers” at other people for your mistakes, always have the motto that “Okay, I made a few mistakes here but now I’m gonna make this right”, and always make sure that the public understands that as they say up in NYC that "Your word is bond". When you do business like that people respect you and your reputation will precede you…..Maurice Hawkins?? That Cat is a "baller".

    Phil Ivey
    David Williams
    Maurice Hawkins

    3 of the best black poker players on the planet.

    https://www.pokernews.com/news/2019/07/poker-backer-calls-out-maurice-hawkins-34929.htm

    #1648 Reply
    Lance Thompson
    302 Posts

    Billionaire venture capitalist and cryptocurrency crusader Tim Draper has revealed plans to invest in Indian cryptocurrency startups. Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper has set his sights on India’s nascent cryptocurrency industry.

    Several articles have been written about how although India’s Supreme Court lifted the banking ban on cryptocurrency exchanges that India’s Congress may still institute a blanket ban on cryptocurrencies. Will they listen to Tim Draper?? Because he’s a billionaire I sincerely believe they’ll at least listen to what he has to say.

    https://www.coindesk.com/vc-tim-draper-eyes-india-investments-as-nation-enters-crypto-renaissance

    #1651 Reply
    Lance Thompson
    302 Posts

    Yeah……………………

    With 3.3 million jobless claims last week, whether people want to buy cryptocurrencies or not they're unable to simply because THEY'RE NOT WORKING RIGHT NOW…..no job, no money to buy cryptocurrencies with…..Several top traders are expecting for Bitcoin to head down to the lower $3,000s until about May/June, 2020 before it rebounds…….

    For those still blessed to be working you may want to chill and watch Bitcoin and other cryptos "tank" until they're close to what you feel is the bottom…..then "buy the dip" as Wall Street likes to say……….this may be an excellent buying opportunity.

     

    https://www.newsbtc.com/2020/03/28/not-convinced-new-investors-are-buying-bitcoin-top-analyst-says/

    #1655 Reply
    Lance Thompson
    302 Posts

    Yeah, this makes sense…..plus the Bitcoin halving taking place on May 12th………..

     

    https://u.today/bitcoin-btc-price-breaks-7000-as-2000-stimulus-check-news-spreads

    #1667 Reply
    Lance Thompson
    302 Posts

    Very interesting information to be aware of NABPM……………….

     

     

    https://www.coindesk.com/central-banks-blockchain-cbdcs

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