/biz/ - Business & Finance

L@@K at that!

>>21584256

Really makes one wonder about those Californian forest fires that melted cars and brick buildings amirite?

>>20383552
I think they (the banks) looked at crypto in the last decade and basically bought a majority amount of the supply- the entire supply- of every single asset. The entire market cap was small enough compared to even a mid-tier company in the S&P500 and the profit margins were great. The entire market was an acquisition target. JPM buying Poloniex was a public-facing fulfillment of this strategy- a place to retail all their shitcoin holdings during the 2017 bullrun when stupid retail was buying. Remember Circle, etc?, a lot of public-facing activity and investment. In the background, they just moved in and bought the supply. ALL of the supply. I hate to say it, LINK, Eth, bitcoin, everything. The backroom deal went kind of like this:

JPM/consortium of banks: We would like to buy the entire market.
Govs.: Okay, but you realize we are moving to regulate and probably make most of it go to zero
JPM: Fine, we will help & support you as the upside in the legit coins & use cases is worth it
Govs.: Thanks we needed the help and support to "tame" the asset class & generate the new revenue stream for the new asset class

It was crucial to put in place the kyc/aml and tax regimes and establish the spy algorithms, tracking & surveillance to separate the clean and dirty crypto, to fulfill the political goals of keeping centrifuges from Iran and biological weapons from North Korea, and banking services from Venezuela, etc. You want to buy Monero, thats fine but look at the fucking price. Its in a downward spiral and it will eventually be purged. You can use it all you want in the world of dirty banks, fake IDs, money laundering, etc. You can pay fiat cash for your monero, its going to be harder and harder for anyone holding it to get real liquidity out of it.

>>17173362

Not right now. Shit is kinda unstable and could dump down back on original 300-450 area.

Honestly, I'm a Tesla faggot but that shit went unstable this month. Gotta go down and then rise steadily instead.

>>17165644
>>17165661

Sixth dubs of the evening wtf I usually rarely get digits
Why is this random number phenomena somehow synchronised with the anonymous hive mind of a Cambodian spork whittling forum

>>17159208

>Corona stops delivery to China.
>Goes down from 900 to 700
>Balances out in the end at 730'ish
>China makes decision of still taking delivery starting monday

Already got 10 shares in Tesla. This coming week will decide the outcome of either keeping or selling these fuckers. Unreleated to the stock market, I fucking love this guy's companies.