@radikalfilm

Issue with such investments is that they do not have any fundamentals, so if next month main media will be asked to crash bitcoin to $0.1 they will do so instantly. And it'll be aligned with all main exchange points blocking. Previous bubble had been stopped using similar approach, but light version, they closed and busted only around 20-30% of points.

@radikalfilm

Investment is when Bill Gates buys farmland with soon to implode fiat currency.

Bill Gates just makes wrong assumption about private property on means of production, including land. Staggering error.

@radikalfilm

they're just prepping for Feudalism 2.0, after all it worked the first time around. Meanwhile you're a bigger marxist than Lenin.

Nope no such thingy as Feudalism 2.0 will happen, only Fascism 1.01 can.

I am more modern Marxist, but much more stupid. :-)

Few guys working in usual big information (not tech related) holding told that crypto currency news are now required item. This means that they need to write something nice for hamsters almost daily and write how nice is to invest in bitcoin now.

FT article

A little over 100 years ago, there was a bubble asset that rose and fell wildly over the course of a decade. People who held it would have lost 100 per cent of their money five different times. They would have, at various points, made huge fortunes, or seen the value of their asset destroyed by hyperinflation.

The asset I’m referring to is gold priced in Weimar marks. If this reminds you of bitcoin, you are not alone. In his newsletter Tree Rings, analyst Luke Gromen looked at the startling similarities in the volatility of gold in Weimar Germany and bitcoin today. His conclusion? Bitcoin isn’t so much a bubble as “the last functioning fire alarm” warning us of some very big geopolitical changes ahead.

I agree. Central bankers have over the past 10 years (or the last few decades, depending on where you put the marker) quashed price discovery in markets with low interest rates and quantitative easing. Whether you see this as a welcome smoothing of the business cycle or a dysfunctional enabling of debt-ridden businesses, the upshot is that it’s now very difficult to get a sense of the health of individual companies or certainly the real economy as a whole from asset prices.

The rise in popularity of highly volatile cryptocurrencies such as bitcoin could simply be seen as a speculative sign of this US Federal Reserve-enabled froth. But it might better be interpreted as an early signal of a new world order in which the US and the dollar will play a less important role.

The past four years of Donald Trump’s presidency and his toxic politics have taken a toll on the world’s trust in America. That has also diminished trust in some quarters about the dollar’s stability as the global reserve currency. This feeling reached an apex during the January 6 attack on the US Capitol building. As financial policy analyst Karen Petrou put it in a recent note to clients: “There are many casualties of this quasi-coup, but the US dollar may well be among them. It’s no more immortal than any other category-killer brand.”

Trump certainly devalued Brand USA. But he is also a symptom of longer-term economic problems in the US — problems which have in recent years been papered over by low rates and monetary policy, which kept asset prices high but also encouraged debt and leverage.

Bitcoin’s rise reflects the belief in some parts of the investor community that the US will eventually come in some ways to resemble Weimar Germany, as post-2008 financial crisis monetary policy designed to stabilise markets gives way to post-Covid monetisation of rising US debt loads. There are, after all, only three ways out of debt — growth, austerity, or money printing. If the US government sells so much debt that the dollar starts to lose its value, then bitcoin could conceivably be a safe haven.

Germany’s currency debasement didn’t end well. This underscores another aspect of the bitcoin boom. We have moved from a unipolar world in which the US was the pre-eminent political and economic power, to a post-neoliberal world where there is no longer a consensus in favour of free trade and unfettered capitalism. We will probably have two or even three poles — the US, Europe and China.

China has signalled its desire to become less dependent on the US financial system, buying fewer US Treasuries and rolling out its own digital currency. In this world, it is easy to imagine that the dollar would continue to be the main reserve currency, with the renminbi and the euro gradually becoming more important stores of value. But one can also imagine that cryptocurrencies that can easily cross borders would have some advantages over fiat money issued by governments. While the migration of people and goods may become more constrained, digital trade and information flows are still growing.

Crypto advocates including technology leaders such as Tesla’s Elon Musk, Facebook’s Mark Zuckerberg and Twitter’s Jack Dorsey believe that digital currencies are better suited to this more multipolar world. They are largely unregulated and thus less subject to political forces. In the same way that large technology platforms recently demonstrated their power by removing Trump from social media, bitcoin could conceivably float above any currency nationalism that might result from the new world order.

Will cryptocurrency become the new gold — a hedge against a changing world? Will the Big Tech consensus prove more powerful than either the Washington consensus or the Beijing consensus? Perhaps. But it’s also possible that sovereign states will move to regulate this existential threat. In the US, Treasury Secretary Janet Yellen has already raised the issue of future cryptocurrency regulation.

None of this makes me want to buy bitcoin. But I also don’t see it as a normal bubble. It was unclear at the beginning of the 20th century which of the hundreds of automakers would win the race to replace the horse and buggy. Now, who knows whether bitcoin, ethereum, or diem, or some yet-to-be-invented digital currency will win out long term. For now, the bitcoin boom may best be viewed as a canary in the coal mine.

Crypto currencies are not only state controlled bubble, but they became terrorist weapons as they promote wasting huge amount of energy (and note, NONE, 0% of green protectors of ecology have courage to tell you this!)

Handelsblatt: Mr. Ehrhardt, bitcoin is now widely discussed in the markets with opposite views. This cryptocurrency is 50 times more expensive today than it was four years ago. But last week it lost a fifth of its value

Jens Eckhardt: Bitcoin could be the biggest speculative bubble of all time. One gets the impression that there is some kind of gigantic system operating here, similar to the distribution of "letters of happiness." This is possible because central banks around the world have triggered an unprecedented flood of liquidity.

Don't you look too gloomily at what is happening? Many believe that cryptocurrencies are part of a technological revolution that will change the entire financial industry.

One can only wonder that central banks allowed such a phenomenon to arise. Indeed, within its framework, there is a movement of large volumes of unofficial money outside the state and tax services. Even criminals are now extorting money in bitcoins.

Companies like CoinFlip and Coin Cloud have installed "thousands" of the ATMs across the country, according to Reuters. Coin Cloud has 1,470 machines around the United States and is aiming for 10,000 by the end of 2021.

There's currently 28,185 bitcoin ATMs in the United States. About 10,000 of those have popped up over the last 5 months, the report notes.

This guys are serious.

Signal announced on Tuesday it’s now testing a new peer-to-peer payments system in the beta version of its apps. Appropriately called Signal Payments, the new feature right now supports only one protocol: the MobileCoin wallet and its companion cryptocurrency MOB. MobileCoin has a close relationship with Signal co-founder and CEO Moxie Marlinspike.

Finally CIA pet toy outing.

EBay CEO Jamie Iannone did not rule out that in the future, the online auction platform will begin to accept payments in cryptocurrency. It is worth noting that more and more companies are starting to accept payments in cryptocurrency. For example, the American company Tesla accepts bitcoins as payment for electric vehicles, and PayPal has added features to its service that allow customers to buy, sell and store digital assets using their own online wallets.

“We are always looking for the most suitable forms of payment and will continue to evaluate them in the future. We have no plans for the near future, but the cryptocurrency is what we are watching, "- quotes the source of the words of the representative of eBay.

In an interview with CNBC, eBay CEO Jamie Iannone confirmed that the company is considering adopting digital currencies. He also noted the company's interest in entering the NFT market and announced that options for putting this into practice are currently being considered.

Bad news for all of us.

Sales of PC peripherals, CPUs and motherboards are expected to be impacted by second-hand mint products offloaded by cryptominers in the second half of 2021, according to sources from the PC DIY channel.

This is dangerous rumors as can only mean that we will see crash soon.

The Justice Department and the IRS have launched an investigation into the world's largest cryptocurrency exchange, Binance Holdings Ltd, amid a recent cyberattack on Colonial Pipeline Co. that caused severe fuel shortages on the east coast of the United States

The big change of direction I sense here.

It seems that China has listened to Nouriel Roubini, the most ardent critic of the technology. I fully agree with Nouriel and have been a skeptic since I first learned of bitcoin a decade or more ago. I'm amazed at how much it has grown and wish that I bought Ether when it was single dollars, but oh well, at least I didn't contribute to the insane coal use.