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/biz/ - Business & Finance


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11209690 No.11209690 [Reply] [Original]

https://twitter.com/Bakkt/status/1044567318771232769

HOPE YOU ACCUMULATED ENOUGH

>> No.11209705

What? Who?

>> No.11209707

>>11209690
I keep hearing all this kind of news, I just wish at least one of them to be real

>> No.11209710

the fact that EVERYONE is expecting this to cause a bull run no questions asked is making me wary...

>> No.11209717

>>11209705
THIS IS BETTER THAN THE FUCKING ETF ANON GO ALL IN
>Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.
READ BETWEEN THE LINES AAAAAAAA!!!

>> No.11209908

Is there anything that specifically states this WILL launch IN November? Everything I can find says “subject to approval”

>> No.11210089

Not guaranteed to launch but it has ICE backing it do there's a pretty big chance...

>> No.11210107

>>11209717
Am I reading this right? I get 1 BTC every day just for owning 1 futures contract?

>> No.11210146

>>11210107
YES! Not only that, it's physical bitcoin meaning everything is settled onchain. institutions will literally hold BTC on their own cold wallets, or wherever they want really.

>> No.11210306

>>11210146
How would one acquire one if these?

>> No.11210321

>>11209690
This is going to launch a feeding frenzy for Bitcoin.

>> No.11210332

>>11210107
The contract costs 100b

>> No.11210349

nothing will happen lmao
delusional biz

>> No.11210577
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11210577

>>11209690
Doesn't look like anything to me.

>> No.11210611

>>11209710
It's just another exchange. muh (((institutions))) can already buy using coinbase custody.
Almost everyone remaining is at a loss now, so bagholders engage in collective delusion.
The only thing that happens is that some gamblers go margin long, price jumps a bit, others dump their bags, margin longs get liquidated.

The next bull run will happen from a place no one expects. I have a hypothesis but no one believes me.

>> No.11210634

>>11210611
You got dubs fren.....we're listening.

>> No.11210638

>>11210611
go on fren im all ears

>> No.11210748
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11210748

>>11210634
>>11210638
Nonfungible tokens (digital collectibles, erc 721) like dodgers crypto baseball
https://losangeles.cbslocal.com/2018/09/07/dodgers-first-crypto-prize-giveaway-in-sports-history/
Some NFT is going to become the next beanie babies (in terms of the size of the craze), only digital. There's going to be a big boom of other NFTs, sold from smart contracts like ICOs, but open to Americans - no danger they become classified as a security by the SEC.

At the height of the bubble, the collective value of NFTs is going to top $200B.
We are going to see more /biz/ threads about investing in some digital collectible than in shitcoins.

Cryptokitties were pioneers, but got killed by lack of ethereum scaling. If the boom happens before ethereum scales it's going to be on loom.

The biggest money to make is by investing in right collectibles, but most likely they don't yet exist. It's all going to happen on ethereum and/or loom.
Which is why I'm mostly in eth and partially in loom.

>> No.11210779

>>11210748
I think I read yesterday about some monster-hunting game on Zil. You might be onto something.

>> No.11210815
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11210815

>>11210611
>>11210634
>>11210638
>>11210748
>>11210779
You guys are really, really fucking stupid. It's almost like we're some sort of "despair" phase or something.... HAHAHAHA GOD DAMN YOU GUYS ARE IDIOTS

>> No.11210846
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11210846

>>11210815
sexy pic m8

>> No.11210852

Wow its fucking NOTHING

>> No.11210895
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11210895

>>11210815
that gold graph isn't even inflation adjusted. The reality is that gold never reached its ATH again.
Who is left to buy bitcoin? Why would 'institutions' wait for an ETF if they can buy lower now? They can already buy a bitcoin 'ETN' which is listed in Europe.
The peak bitcoin mania already happened, people mortgaging their houses to buy it and maxing their credit cards. There's no more retail money for a bitcoin bubble.

>> No.11210928

>>11210895
lol what a retard. Institutions may already be in but theres still so much money to be made by dumping on normies again. If they wanted BTC to be 20k tomorrow they could do it no problem. And yes its institutions that control BTC now, thats why it always hangs around $6666. Muh who's gonna buy. Give me a break, world wide stock market incoming folks.

>> No.11210946

>>11210928
> world wide stock market incoming folks
what do you mean by that?

>> No.11211032

>>11210895
>Who is left to buy bitcoin?
this is insane. look at ECB asset to debt charts. look at FED asset to debt charts. look at BoJ asset to debt charts. don't even think for a second that China is safe as their shadow banking system makes Venezuela look solvent.

>> No.11211069

>>11210946
Nothing, he's a moron.

>> No.11211132

>>11211069
Are you not aware of where the Swiss Bank, BoJ, ECB, Norwegian Sovereign Wealth Fund, Arab Wealth Funds, ETC, ETC ETC are being invested right now?

They are all investing in American stock market. Look at EM and other developed nations even that have stalled while S&P just keeps chugging along.

There is no more safe haven. Shadow money and endless printing has eroded the system.

Normally all these big funds (world stock market) would invest in safe plays like bonds. But bonds are all paying close to 0% with some (the Swiss) even negative right now. Even the big companies like Amazon, Apple, Wal-Mart, Microsoft, Exxon, etc aren't spending as much on CAPEX and instead are buying back their own stock aka investing in American Stock Market.

Once the next crash happens and there is literally nowhere else to go then the money will pour into BTC with a desperate force of 10,000 suns.

>> No.11211182

>>11211132

Bingo. The spread will be 0.01 with trillions flowing through. We will be absolute millionaires with even .2 bitcoin

>> No.11211191

>>11209690
>physically delivered Bitcoin futures contracts
>physically

What did he mean by this?

>> No.11211202

>>11211191
as opposed to CBOE which are settled in cash


maybe you're trying to be clever with the whole physical/digital thing but desu you sound like a dipshit right now

>> No.11211233

>>11210895
Marketcap is a meme, it took a couple million dollars for ripple to double its value (10b added to the marketcap).

Bezos alone can shot this market to 5T+ if he wanted.

And this might actually happen because of this:
https://cointelegraph.com/news/tim-draper-predicts-total-crypto-market-cap-of-80-trillion-in-next-15-years..

>> No.11211236

>>11211132
>central banks will invest in bitcoin
lmao, that's a new one. Absolute delusion.

>> No.11211256

>>11211236
if only you knew what central banks are invested in right now. pretty much the only thing they care about is if the instrument is SEC certified and legally protected by US Gov.

What do you think we are talking about? What would be the difference between a Bitcoin ETF and any other American stock that central banks are invested in? NOTHING

You are such a naive little bitch. Honestly, tell me what you think central banks are invested in today. I want to see a glimpse of your naive little world.

>> No.11211281

>>11211256
Central banks buy things to support the debt system. That's why they buy bonds and assets that are used as collateral for debt, especially stocks.
Bitcoin is neither.

>> No.11211288

>>11210928
"Institutions" don't "invest" like that, retard. Nobody is gonna sell "we're gonna dump on bears herrr derrr" to their board or investors.

>> No.11211302
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11211302

>>11211281
Why does the Swiss Bank own Apple?
>https://qz.com/1140322/check-out-the-swiss-central-banks-insane-90-billion-investment-portfolio/

>> No.11211307

>>11211236
holy shit what a brainlet. im capping this

>> No.11211316

>>11211302
can you read?
>assets that are used as collateral for debt, especially stocks.

>> No.11211324

>>11209690
Bulls are so fucking dumb. BAKKT is a nothing burger. You guys lost all your ETFs so now you are clinging on this to save you precious internet money. What happens when this is a wet fart like everything else does? Bitcorn is officially dead.

>> No.11211326

>>11210748
fuck i think youre right

cryptokitties sucked because its just random shit anyone can make a smart contract... but imagine a contract that cant be copied because it's officially backed by a mega corp. you couldnt counterfeit because everyone would know the real contract and this is what brings value.

like digital pokemon cards or digital baseball cards.

i think youre right fren i think youre right

>> No.11211328

>>11211256
Most central banks are holding government bonds right now. It's an issue that's been discussed in real financial forums and media.

What they're not invested in is play "coins" that's heavily manipulated and not backed by anything.

>> No.11211334

>>11210946
i think he missed the word "crash"

>> No.11211335

>>11211132
I know you autists are smoking hopium, but you're mainlining fucking unicorns, dude.

>> No.11211336

>>11211324
thanks just sold 100k

>> No.11211351

>>11210748
hmm you might be right. I'll def hold my eth. that kind of shit can never happen on top of btc but it is technically possible on bch. centralized or not, it CAN scale to support millions of cryptokitties-type shit

>> No.11211475

>>11209710
THIS

I want to believe, but it's far too obvious... UNLESS they're playing 4D chess.

>> No.11211646

>>11211182
plz be true

t. 0.2 bitcoiner

>> No.11211658

their website looks pajeet

>> No.11211688
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11211688

>>11211646
>>11211182
a-alt coiners will make it too r-right?

>> No.11211759

>>11211688
i'm very sorry anon

>> No.11211899

>>11211688

Ah ha ha ha well here just remember when bitcoin is valued higher satoshi values need to be lower. imagine the front page of every exchange if bitcoin started going parabolic after the 20k mark gets breached again as it rockets past 50k towards 100k and beyond. wew

>> No.11212185
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11212185

Bullish rumor 2: not only is litecoin the "chosen" coin, it is (or will be) the de facto means of exchange for the entire planet. Btc will be the settlement layer and ltc with be the new "fiat" for day-to-day transactions. How can we know that? Some seriously big players were at the litecoin summit and they basically gave the litecoin people their blessing to go ahead. I'm talking about the elites of the elites (the 0.01%). The people that already have it all. Look for super positive news about litecoin in the mainstream news starting now and over the coming months. The "plan" has now begun.

>> No.11212243

>>11212185
based and redpilled

>> No.11212414

People keep posting this but we already knew this information. It is not new. If you didn't already know that bakkt is delivering physical Bitcoins bought in USD then stay fucking poor Jesus Christ the absolute state of you people.

>> No.11212912

>>11211236
(((they))) may not have a choice. Maybe not BTC but they are going to have to find a new well to suck dry soon.

>> No.11212933

>>11212185
LTC is going back to ten dollars.

>> No.11213797

>>11210748
>>11211326
Check out gods unchained it is essentially hearthstone on ethereum. One of their cards has already been auctioned for like 60k making it second highest ever only to some magic the gathering card. They have a awesome team doing game theory and famous artists designing. When they finish their ico they will launch an exchange to trade the cards. They will be noticed everywhere when their first tournament is paying 1.6 million