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/biz/ - Business & Finance


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11417595 No.11417595 [Reply] [Original]

>mfw more whale investors than total btc supply exist
imagine thinking the top was 20k$, lol.

>> No.11417601

When is owning a whole bitcoin going to be a status symbol?

>> No.11417605

>>11417595
Sure, I suppose if BTC was the only crypto available, I could see that logic.

>> No.11417613

>In addition to storing cryptocurrencies, Fidelity Digital Assets will use an existing internal crossing engine and smart order router for trade execution. This order router will allow Fidelity institutional customers to execute trades for bitcoin, ether and other assets at multiple market venues. While Jessop didn't say which ones, he said cryptocurrency exchanges have to comply with the same "Fidelity standard" applied in other parts of the business.
"We have a pretty extensive onboarding procedure for these types of counterparties, which involves diligence on their financial strength as well as their regulatory procedures like 'know your customer' and anti-money laundering," he said. "We are certainly only going to connect to those counterparties that we feel good about." - https://www.cnbc.com/2018/10/15/fide...urrencies.html

Stellar and BAT are going to be the first coins on fidelitys institutional trading desk. Stellar/BAT both meet the regulatory requirements as well as financial strength.

Its funny that people were making fun of BAT calling it a KYC browser shit token. Now its one of very few tokens that meets fidelitys criteria. Fidelity clients and coinbase clients are two very different groups of people. Coinbase clients have $4000 to their name and buy Ethereum classic. Fidelity clients have hundreds of thousands/millions of dollars and invest in assets that are not ETC

>> No.11417623
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11417623

>>11417601
It kind of already is

>> No.11417629
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11417629

>>11417601
very soon fren

>> No.11417661 [DELETED] 

>>11417595
do you know anything about financial advising and retirement planning (life savings)? clearly not

boomers are NOT going to put their retirement money into what is essentially extremely volatile currency speculation. they will stick with their mutual funds, bonds and maybe a couple of ETFs to spice things up.

a respectable financial advisor would also never advise his client to do such a thing. currency speculation is very far outside the scope of regular retirement planning and frankly requires too much babysitting to be practical for a large book of clients. it is also too risky from a business perspective and simply worth the risk or in the best interest of the advisor.

this is completely different from fidelity creating a bitcoin ETF that anyone in the market will be able to buy.

t. financial advice professional

>> No.11417666

>>11417613

fuck off with your shitcoins just accept that you will never own more than 0,5 btc and hold it.

>> No.11417673

>>11417661

youre a shitty financial advisor if youre not telling your clients to buy bitcoin every single day for the last 10 years anon. loser-cuck

>> No.11417675

>>11417595
do you know anything about financial advising and retirement planning (life savings)? clearly not

boomers are NOT going to put their retirement money into what is essentially extremely volatile currency speculation. they will stick with their mutual funds, bonds and maybe a couple of ETFs to spice things up.

a respectable financial advisor would also never advise his client to do such a thing. currency speculation is very far outside the scope of regular retirement planning and frankly requires too much babysitting to be practical for a large book of clients. it is also too risky from a business perspective and it's simply not worth the risk or in the best interest of the advisor.

this is completely different from fidelity creating a bitcoin ETF that anyone in the market will be able to buy.

t. financial advice professional

>> No.11417676

>>11417661
boomers will buy bitcoin when the tv tells them to (about 5 years from now)

>> No.11417683

>>11417675
Alright faggot what should I put my money into then?

>> No.11417693

>>11417675
fidelity has bags to unload. you think they care?

>> No.11417702
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11417702

>>11417675
t. Roubini

>> No.11417711

>>11417666
>Half a bitcoin
>$3,219
>Bitcoin goes back to $20k
>$7k profit

Lmfao at those faggoty, poverty tier gains.

I have 400k BAT. I don't need bags of your nigger coin.

Also checked. Satan trips of lies

>> No.11417726

>>11417676
no they won't. some of them might put a little of their cash in hand but they're not betting their retirement that they've worked 40 years for on some internet speculation thing they've never heard of.

>>11417683
how much risk do you want? do you care about losing all your money? timeframe? how much do you have?

>>11417693
>does fidelity care about risking their whole financial advisory business on cryptocurrency?

betting everything on bitcoin goes against the whole principle of financial advisory. it's extremely irresponsible from the business perspective.

>> No.11417747

>>11417726
if they had any sense they would
inflation and QE and a bullshit stock market will clean them

>> No.11417987

>>11417747
>if they had any sense they would
are you fucking retarded you mongo? btc is dead.

what a fucking retard

>> No.11418004

>test test
ignore

>> No.11418025
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11418025

>>11417623
a good status..

>> No.11418443

>>11417747
yes because bitcoin is a stable & low risk financial instrument

>> No.11419329
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11419329

>>11417601
It already is. It implies:

1) You are high IQ enough to understand why you should own Bitcoin
2) You are ahead of the pack (no one IRL owns even 0.01 and having coins in Coinbase doesn't count since they will lose them eventually)
3) You are red pilled about all fiats collapsing on a long enough timeline
4) You (should) understand John Nash's Ideal Money and what hard money is and why it always wins long term, however most people don't, that's why in 10 years the elites that hold 1+ BTC will be rare.

>> No.11419347
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11419347

>>11417595
>he thinks anyone other than retarded millennialswill actually invest in the crypto scam just because Fidelity now has a small trade desk

>> No.11419392
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11419392

>>11418443
Bitcoin is as stable as it gets. It's the fiatola clusterfuck that's unestable. People's mistake is measuring things on fiat and not on predictable, hard money like BTC.

>> No.11419434

>>11417601
This. All you need is one. Assume there are actually 3million lost Bitcoins... That means today if BTC was distributed only 15 million people would get a single coin. With a planet of 7bl, wew lad. We're not far away now. Especially with Bakkt, fidelity, galaxy, and ETFs. We may be justified come end of Q1 2019. But you must hold. Remember, even at 100k, selling BTC is a bad idea. At 200k it's a bad idea, etc.

>> No.11419702

>>11419329
Bump for this

>> No.11419820
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11419820

>>11419347
>too low IQ too see the necessity of Bitcoin
>too low IQ to see eventually all boomers will be dead so millennials will dictate how much things are worth

>> No.11420786

>>11417711
whats your cost basis, if i may ask?

>> No.11420884

>>11417595
>imagine thinking this pile of dogshit will ever go to 20k again

C O P E

>> No.11421212

>>11420884
it'll actually go to AT LEAST $200million
There's literally no reason for it not to

>> No.11421377

>>11420884
i bet you are a bcashie bagholder.

>> No.11421389

>>11417595
Imagine thinking one could make a finite and seemingly indestructible commodity go to $0 through shorting alone

>> No.11421396
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11421396

>100% of those 27 million investors want to short BTC
bobo always wins