Reddit is full of memes and clickbait shit posts. What's a good resource to find simple news about development in Bitcoin, or major events in regulation and exchanges and such? A place without clickbait memes... does such a place exist?
Friday, May 1, 2020
[Daily Discussion] Saturday, May 02, 2020
Thread topics include, but are not limited to:
- General discussion related to the day's events
- Technical analysis, trading ideas & strategies
- Quick questions that do not warrant a separate post
Thread guidelines:
- Be excellent to each other.
- Do not make posts outside of the daily thread for the topics mentioned above.
Other ways to interact:
- Get an invite to live chat on our Slack group
- Set your flair to trade pretend money in the Flair Game
- Weekly threads: Newbie Mondays and Fundamentals Fridays
- Altcoins Discussion: Altcoin Discussion
[Altcoin Discussion] Saturday, May 02, 2020
Thread topics include, but are not limited to:
- Discussion related to recent events
- Technical analysis, trading ideas & strategies
- General questions about altcoins
Thread guidelines:
- Be excellent to each other.
- All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
- This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
- No discussion about specific ICOs. Established coins only.
If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.
Other ways to interact:
- Get an invite to live chat on our Slack group and check out the #altcoins channel
- Daily Discussion for bitcoin only: Daily Discussion
- Prior Altcoin Discussion: Altcoin Discussion
Bitcoin's Parabolic Rise Reaches $9,000+ Before Halving Event
https://virtualcoincap.com/s.php?p=3663
Bitcoin's Parabolic Rise Reaches $9,000+ Before Halving Event
https://virtualcoincap.com/s.php?p=3663
Bitcoin Halving-What a time to be alive!
We are witnessing a series of black spawn historical events in rapid successions. The pandemic, lockdown, stock market crash and pump, helicopter money, unemployment, the great oil drop and now the halving. I have a feeling that the halving is coming with changes that will send a shockwave to the bitcoin ecosystem.
But what I'm more interested in and the question I've been asking myself is that "what are the opportunities for common folks who have not got the balls to maintain a hodl position or gamble on exchanges?" Besides the potential to make a profit by buying bitcoin and hodling, what are the other opportunities that exist for bitcoiners in these historic times?
I like to hear your thoughts, but beware! If your comment is great, I may quote you in the next edition of "Time to Exchange", lol...
'Time to Exchange' is a weekly publication I do for TokenPocket. You can view the previous episode below
https://medium.com/@tokenpocket.gm/time-to-exchange-bitcoin-halving-fbc561478851
Millennial generation will power Bitcoin adoption in the next decade (current BTC/USD price is $8,823.40)
Latest Bitcoin News:
Millennial generation will power Bitcoin adoption in the next decade
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
Is GLD finally worth a call again?
Hey nerds, Duncan here. You might remember me from last week's DD, in which I argued that a company whose entire business model consists of exploiting the poor is worthy of your totally un-earned NEET bux. In today's not financial advice we are going to talk about the currency without a state, the oldest medium of trade, Scrooge McDuck's cocaine...I'm talking about gold.
Now, there is a reason that commercial advertisements for gold target demographics that we will generously call "unsophisticated". Infowars viewer's retirement plan is su1cide by cop, and Fox New's viewers planning horizon is limited by whether their oxy script is for 30, 60 or 90 days. Gold is perfect for short term thinkers/investors because doesn't actually grow in the long term the way equities or bonds do. But to understand the powerful short term play I'm talking about, we need to understand the role gold actually plays in the international monetary system.
After WW2, the Allied powers got together and realized that they needed a way to avoid the hyperinflation of 1930's Germany which had led to the war. In order to ensure currency stability the entire world agreed to peg their currencies to USD. And USD would be backed by gold. If one of the currencies was too much in demand, threatening the carefully managed exchange rates, than the IMF would step in and pump or dump the currency until it returned to the right exchange rate.
That system worked great until around 1971, when Nixon lost tons of the government's tendies napalming rice paddies. The US government paid for the war with debt, and by 1971, Nixon was afraid of actually getting margin called. So he, with no notice to anyone, announced that the US dollar was no longer backed by gold. Suddenly it was a free for all. The US economy was hit with both high unemployment and high inflation, other currencies floated all over the place. Basically, it was the chaos we have today.
So Duncan, you might ask, does anyone buy gold today? Well, almost every central bank in the world continues to hold gold, and lots of it. The reason they do so is that because gold can't be printed, it can't be manipulated, and it can't easily be degraded or destroyed. In fact, it's perks strongly parallel those of Bitcoin. In the event of a crisis, a country can liquidate its gold reserves for more currency. This is especially helpful when a reserve currency, or the native currency is in trouble. For example, we see Venezuela, whose own currency is totally worthless, turned to its gold reserves to pay for imports of food and medicine.
Gold's reputation as a systemic-risk hedge is so great, that in times of market instability or crisis, it actually assumes a negative beta. That is, it moves opposite equities. However because it is an almost fixed quantity asset, it also changes value against other currencies. So, when we have our friend Jerome running his printer like crazy, increasing the money supply at an unprecedented rate, he should be increasing the price of gold, or rather, making the USD/Gold exchange rate higher. Likewise, as the world economies look more and more risky, and the world's reserve currency's M2 expands faster than Boogie2988 after a breakup; we should see central banks continue to purchase gold as a hedge against continued economic instability.
The Fed has made it clear, that it will do everything possible to avoid deflation. However, after 10 years of historically low interest rates and at times QE, consumers simply having seen wages or prices increase significantly. So where has that steadily increasing money supply gone? Well, the answer appears to be that some assets are experiencing inflation: Financial instruments, urban housing, medical care, and college tuition--anything that can be funded through cheap debt; have taken the brunt of inflation. Meanwhile the average American consumer can't even find 4 hundred dollar bills to rub together in an emergency. So we can be almost certain that the Fed will keep printing, in the misguided belief that its freshly minted money will eventually trickle down to the American consumer, but in the process the Fed will raise the price of stocks, bonds, houses, colleges, medicine, and most importantly gold.
As we have discussed, gold is good for two things: hedging inflation, and reducing systematic risk. And right now, both of those traits are looking very, very valuable.
8/1 180c GLD
Is GLD finally worth a call again?
Hey nerds, Duncan here. You might remember me from last week's DD, in which I argued that a company whose entire business model consists of exploiting the poor is worthy of your totally un-earned NEET bux. In today's not financial advice we are going to talk about the currency without a state, the oldest medium of trade, Scrooge McDuck's cocaine...I'm talking about gold.
Now, there is a reason that commercial advertisements for gold target demographics that we will generously call "unsophisticated". Infowars viewer's retirement plan is su1cide by cop, and Fox New's viewers planning horizon is limited by whether their oxy script is for 30, 60 or 90 days. Gold is perfect for short term thinkers/investors because doesn't actually grow in the long term the way equities or bonds do. But to understand the powerful short term play I'm talking about, we need to understand the role gold actually plays in the international monetary system.
After WW2, the Allied powers got together and realized that they needed a way to avoid the hyperinflation of 1930's Germany which had led to the war. In order to ensure currency stability the entire world agreed to peg their currencies to USD. And USD would be backed by gold. If one of the currencies was too much in demand, threatening the carefully managed exchange rates, than the IMF would step in and pump or dump the currency until it returned to the right exchange rate.
That system worked great until around 1971, when Nixon lost tons of the government's tendies napalming rice paddies. The US government paid for the war with debt, and by 1971, Nixon was afraid of actually getting margin called. So he, with no notice to anyone, announced that the US dollar was no longer backed by gold. Suddenly it was a free for all. The US economy was hit with both high unemployment and high inflation, other currencies floated all over the place. Basically, it was the chaos we have today.
So Duncan, you might ask, does anyone buy gold today? Well, almost every central bank in the world continues to hold gold, and lots of it. The reason they do so is that because gold can't be printed, it can't be manipulated, and it can't easily be degraded or destroyed. In fact, it's perks strongly parallel those of Bitcoin. In the event of a crisis, a country can liquidate its gold reserves for more currency. This is especially helpful when a reserve currency, or the native currency is in trouble. For example, we see Venezuela, whose own currency is totally worthless, turned to its gold reserves to pay for imports of food and medicine.
Gold's reputation as a systemic-risk hedge is so great, that in times of market instability or crisis, it actually assumes a negative beta. That is, it moves opposite equities. However because it is an almost fixed quantity asset, it also changes value against other currencies. So, when we have our friend Jerome running his printer like crazy, increasing the money supply at an unprecedented rate, he should be increasing the price of gold, or rather, making the USD/Gold exchange rate higher. Likewise, as the world economies look more and more risky, and the world's reserve currency's M2 expands faster than Boogie2988 after a breakup; we should see central banks continue to purchase gold as a hedge against continued economic instability.
The Fed has made it clear, that it will do everything possible to avoid deflation. However, after 10 years of historically low interest rates and at times QE, consumers simply having seen wages or prices increase significantly. So where has that steadily increasing money supply gone? Well, the answer appears to be that some assets are experiencing inflation: Financial instruments, urban housing, medical care, and college tuition--anything that can be funded through cheap debt; have taken the brunt of inflation. Meanwhile the average American consumer can't even find 4 hundred dollar bills to rub together in an emergency. So we can be almost certain that the Fed will keep printing, in the misguided belief that its freshly minted money will eventually trickle down to the American consumer, but in the process the Fed will raise the price of stocks, bonds, houses, colleges, medicine, and most importantly gold.
As we have discussed, gold is good for two things: hedging inflation, and reducing systematic risk. And right now, both of those traits are looking very, very valuable.
8/1 180c GLD
Is GLD finally worth a call again?
Hey nerds, Duncan here. You might remember me from last week's DD, in which I argued that a company whose entire business model consists of exploiting the poor is worthy of your totally un-earned NEET bux. In today's not financial advice we are going to talk about the currency without a state, the oldest medium of trade, Scrooge McDuck's cocaine...I'm talking about gold.
Now, there is a reason that commercial advertisements for gold target demographics that we will generously call "unsophisticated". Infowars viewer's retirement plan is su1cide by cop, and Fox New's viewers planning horizon is limited by whether their oxy script is for 30, 60 or 90 days. Gold is perfect for short term thinkers/investors because doesn't actually grow in the long term the way equities or bonds do. But to understand the powerful short term play I'm talking about, we need to understand the role gold actually plays in the international monetary system.
After WW2, the Allied powers got together and realized that they needed a way to avoid the hyperinflation of 1930's Germany which had led to the war. In order to ensure currency stability the entire world agreed to peg their currencies to USD. And USD would be backed by gold. If one of the currencies was too much in demand, threatening the carefully managed exchange rates, than the IMF would step in and pump or dump the currency until it returned to the right exchange rate.
That system worked great until around 1971, when Nixon lost tons of the government's tendies napalming rice paddies. The US government paid for the war with debt, and by 1971, Nixon was afraid of actually getting margin called. So he, with no notice to anyone, announced that the US dollar was no longer backed by gold. Suddenly it was a free for all. The US economy was hit with both high unemployment and high inflation, other currencies floated all over the place. Basically, it was the chaos we have today.
So Duncan, you might ask, does anyone buy gold today? Well, almost every central bank in the world continues to hold gold, and lots of it. The reason they do so is that because gold can't be printed, it can't be manipulated, and it can't easily be degraded or destroyed. In fact, it's perks strongly parallel those of Bitcoin. In the event of a crisis, a country can liquidate its gold reserves for more currency. This is especially helpful when a reserve currency, or the native currency is in trouble. For example, we see Venezuela, whose own currency is totally worthless, turned to its gold reserves to pay for imports of food and medicine.
Gold's reputation as a systemic-risk hedge is so great, that in times of market instability or crisis, it actually assumes a negative beta. That is, it moves opposite equities. However because it is an almost fixed quantity asset, it also changes value against other currencies. So, when we have our friend Jerome running his printer like crazy, increasing the money supply at an unprecedented rate, he should be increasing the price of gold, or rather, making the USD/Gold exchange rate higher. Likewise, as the world economies look more and more risky, and the world's reserve currency's M2 expands faster than Boogie2988 after a breakup; we should see central banks continue to purchase gold as a hedge against continued economic instability.
The Fed has made it clear, that it will do everything possible to avoid deflation. However, after 10 years of historically low interest rates and at times QE, consumers simply having seen wages or prices increase significantly. So where has that steadily increasing money supply gone? Well, the answer appears to be that some assets are experiencing inflation: Financial instruments, urban housing, medical care, and college tuition--anything that can be funded through cheap debt; have taken the brunt of inflation. Meanwhile the average American consumer can't even find 4 hundred dollar bills to rub together in an emergency. So we can be almost certain that the Fed will keep printing, in the misguided belief that its freshly minted money will eventually trickle down to the American consumer, but in the process the Fed will raise the price of stocks, bonds, houses, colleges, medicine, and most importantly gold.
As we have discussed, gold is good for two things: hedging inflation, and reducing systematic risk. And right now, both of those traits are looking very, very valuable.
8/1 180c GLD
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