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The Crypto Ping List covers the following:
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Ethereum
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Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 05/31/2024 5:58:15 PM PDT by Jumper
"Bitcoin is illegal" is all I've heard over countless years. But that is now officially a statement of the past.
The approval of bitcoin has sealed it's future as tender that can no longer be looked at as 'dodgy'.The USG is now moving to legalize Bitcoin.
Trump came all out for BTC last week. Many political analysis are saying that the election may hinge on which candidate supports Bitcoin. In the US there are over 50m people who own or have invested in the ETFs (BTC) or own other crypto currencies.
Last week Elizabeth Warren and her crew were out to destroy Bitcoin, but she was defeated in her economic meddelings. Elizabeth Warren is now trying take away your right to own BTC. When you invest in BTC ETFs, the EFTs owe you the BTC or the value when you cash out.
Self custody is going to be the real battleground in the US over the status of Bitcoin.
Now Joe Biden with his finger in the wind has seen that he cannot be win the election without endorsing BTC.
The great issue will be over ownership or you being "owed" the asset. When recoginze you do not own stocks nor the money in your bank account, they simply owe it to you.
There are only three crypto currency assets that I would personally touch.
BTC SOL ETH
There maybe 4-6 others that might not be junk in several years.
The new Gold is BTC. I don't know if Mark says it in the video, but BTC may become the basis for the USG if the USG survives in the future. The Brics nations are using Gold to back their trade transactions.
It never was “illegal”. It was never legal tender, and it isn’t now.
It’s tulips, right?
The states are making it legal. It is moving thru the House and will have to go thru the Senate, but we are moving in the right direction. The ETFs legalized it’s status as an asset. Now the USG is going to legalize outright.
It is not going away. It is the future. As the risk goes down the price we pay goes higher and higher. Every deserves to own BTC at the price they pay;)
https://youtu.be/sDSLcyNPf2U?si=wKXn1...
My tulips bloom year after year. The only tulip that has been better than my tulip is INVIDIA STOCK.
In fact, I've never known it to be legal or illegal. One thing you can probably count on is that only a CBDC might become the digital currency of this nation, because then the government could control it.
So, my truth meter is pegging on BS. Sorry.
The DTCC latest ruling states ALL digital currencies “ take a 100 percent haircut”, they are now forbidden to be used as collateral. Not a promising future.
Mark is reporting on the swift movement with the USG towards lending its authorizion to BTC. Most people thought it was tulips. Simply for discussion. If you don’t know Mark then think what you will. He isn’t about BTC but he just chimmed in on the fact that Biden is running behind Trump who already endorsed BTC, and Biden just came out saying the USG needs to recognize/legalize it - this is about the election.
DTCC ruling.
https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf
“…. Effective April 30, 2024, as part of the annual renewal of the line-of-credit facility, DTC will implement the following
changes to modify collateral value for certain securities, which may affect the value of positions applied to the
Collateral Monitor:
1. Collateral valuation for corporate notes or bonds rated B1 to B3, will be updated to use a haircut value of
70%, up from 50%.
2. No collateral value will be given for any ETF or other investment vehicle that includes Bitcoin or any other
cryptocurrency as an underlying investment, hence will be subject to a 100% haircut…..”
Good Luck.
The gummit being able to print money with a keystroke should scare the hell out of anybody, it’s bad enough already. BTW, having a debt ceiling is pointless as the uniparty never runs out of ‘printed’ money as it is.
Well that would be expected given the Lizzie Warren symbonic relational many there have, but now that Biden want BTC he will get it. Biden is playing politics and trying to catch Trump who already endorsed BTC last week.
I personnally don’t care about anything but BTC and SOL. BTC is the first ETF for crypto, and ETH is going to be approved soon. SOL is faster than ETH and has the most potential for growth.
I don’t where you get 100% for BTC, but would agree about that for all but 6-7 crypto’s. Most all of them are junk and pumped and dumped. I fire and forget. Your dollar will never compete with BTC as a legimate store of value. Years from now you will live in a BTC world having missed the boat.
Thanks for the link. Everyday people invest. If the DTCC doesn’t like crypto that’s their right. There is reason for the Government Approved Bitcoin ETFs. That ruling is for them and their downline.
I believe that there will come a day when those who own BTC will be able to secure loans, and pay them back without ever touching their principle and live off of it.
Just read the headline, but silver and gold is all I hear.
What about Lupins?
Page 89, the Tulipomania:
https://supernovae.in2p3.fr/~llg/Textes/Extraordinary-Popular-Delusions-Mackay.pdf
Dennis Moore, a Monty Python skit.
John Cleese is an incompetent Robin Hood who steals lupins from the rich.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
If true..., IT’S A TRAP!
well bitcoin has been going down for the last few days, so apparently this is not good news ?
No! You can always eat tulip bulbs.
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