Goldman Sachs and other investment banks have pledged to ease up on junior bankers before. Private sector PMIs, Eurozone consumer confidence, and COVID-19 news in focus in the day ahead. President Joe Biden’s $1.9 American Rescue Plan will certainly give the economy a jolt, but he may regret not spending the money differently. In 2020, COVID spending raised the federal deficit to $3.1 trillion in 2020 from $1 trillion in 2019. Households saved a good deal of their stimulus checks. Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit. For better or worse bitcoin has outgrown this “weird” niche—the suits are firmly in control and the Big Money has arrived. But bitcoin isn’t “weird” any more and its “magic” is being dissolved by corporate interests. The individuals who made bitcoin what it is today, discussing bitcoin developments on r/bitcoin and BitcoinTalk threads, have lost control and lost interest.
- “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month.
- Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate.
- “Nothing bolsters my faith in a currency like a crappy MS Paint doodle,” one Reddit user said of the ad when it was created.
- In the October-December quarter, Xiaomi’s shipments in China surged 52% from a year earlier, and the company cornered 15% of the market share.
- Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.
We have already seen that governments will never condone private currencies that they cannot control. Securities and Exchange Commission regulations sparked outrage from privacy concerned groups . Similar call for regulations were issued from Christine Lagarde of the European Central Bank and Janet Yellen, Secretary of the U.S. Regulations will likely outlaw any private usage of BTC. This will inevitably create an environment of colored coins, effectively splitting BTC into a class system of “white-listed” vs. “colored” bitcoins. Well, you will only be able to use it outside of countries that ban unregistered addresses. Alex Gladstein, a champion of human rights and Bitcoin maximalist, laid out his thesis on the NLW podcast . Unfortunately, it is inevitable that Bitcoin becomes a speculative tool of Wall Street, in a two class system of registered and unregistered Bitcoin addresses.
Reddit User Says Post On $800m Tesla Bitcoin Buy Was A Hoax
At the time, the bitcoin wizard no longer featured prominently on the forum, sitting at the bottom-right of the newly redesigned site. “It’s a sign that bitcoin has matured and is starting to hit the mainstream.” The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run. The funds will be allocated towards developing Lolli’s mobile application, scaling to support btc reddit a growing user base, and international expansion. The user told the New York Post late on Tuesday that he is in fact a prankster from Germany. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. Do not make posts outside of the daily thread for the topics mentioned above. After waiting for things to be confirmed today I tried opening the app to find that I had been logged out.
A German prankster claims that he was behind a mysterious Reddit post last month that appeared to anticipate Tesla’s blockbuster bitcoin buy this week — and that he was on LSD when he did it, The Post has learned. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January. GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales. Grapevine, Texas-based GameStop’s shares have skyrocketed this year as retail traders bet against Wall Street hedge funds that had shorted the stock. But bitcoin discussion on Reddit is bigger than r/bitcoin. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price. Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case. This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000 in January to around $20,000 by December—making it easily the decade’s best investment. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience.
— Big Data (@Dagnum_PI) March 17, 2021
For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Create a free account to unlock your custom reading experience. We have already seen that we never tolerate our own currency, which the government cannot control. The latest US Securities and Exchange Commission regulations have caused anger from privacy-related groups . Similar regulatory calls were made by European Central Bank Christine Lagarde and US Treasury Secretary Janet Yellen . This inevitably creates a color coin environment and effectively divides the BTC into a “white list” and a “color” Bitcoin class system. Want to use BTC in a government regulated environment? Well, you will only be able to use it outside the countries that prohibit unregistered addresses. Alex Gladstein, a human rights defender and Bitcoin maximalist, published his treatise on the NLW podcast . Unfortunately, with two classes of systems, registered and unregistered Bitcoin addresses, Bitcoin is inevitably a speculative tool on Wall Street.
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“It should be noted that there is no indication whatsoever that any ‘time travel’ is involved, and that the original unedited post was held in high regard solely as an imaginative piece of fan-fiction. It is also unclear whether the original thread was intended to be an ominous warning about Bitcoin as the edit portrays, or if the account holder’s motive and outlook shifted since 2013. It also seems unlikely that one could contact the account holder directly since there is no way to send them a private message,” they noted. “However, depending on the technique that Reddit admins used to disable the account, the account holder is not prevented from editing previously posted threads and comments,” said the moderator. “The post was originally made on August 31st, 2013 and was edited by the original account on October 27th, 2019,” they said. The moral of the original post was to implore the reader to reconsider their investment, as widespread Bitcoin adoption is to supposedly ruin the world beyond repair. This trend would eventually lead a single Bitcoin to be worth $1 million by 2021.
We now know that the monetary policy behind USD is fatally flawed. Bitcoin’s best value proposition is its scarcity and perceived demand. However, these are the same characteristics that have turned it into another tool of Wall Street as a commodity. In 2020, we heard about the multitude of Wall Street institutions jumping on the bandwagon. Within a six month period, commonly recognized names such Square, Paypal, Mass Mutual and most recently Tesla/Elon Musk announced their BTC purchases. These public pronouncements only serve one purpose, to induce fomo and more buying so as to keep driving up the price. Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space. Notably, Michael favors government regulation and is also one of the first to denounce the privacy and censorship resistance aspects of BTC .
The user posted a link to the Post’s story and appeared to corroborate it. social media analysis could be used to predict the price of smaller cryptocurrencies. “I suspect there are entities out there right now mining beaxy crypto exchange social data for insights,” Gilbert said. “I would expect it works best for medium sized market-cap cryptos and using more sophisticated sentiment analysis techniques on the comments than frequency counts.”
Taiwan Semiconductor Manufacturing Co Ltd shares fell nearly 4% on Wednesday after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s economy minister sought to downplay the impact. Shares in TSMC, the world’s largest contract chip manufacturer with clients including Apple Inc and Qualcomm Inc, fell as much as 3.9% on Wednesday morning, compared with a drop of around 1% on the broader market. Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement. The cryptocurrency traded 0.10% higher at $46,392.83 at press-time. Treasury Secretary Janet Yellen last week said last week that financial market regulators needed to take stock of the frenzy surrounding GameStop and other stocks before taking any action, according to Reuters.
Tesla said in its annual report published Monday that the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. The US dollar accounts for 80% of the world’s trade, but contributes only 25% of the world’s gross domestic product. From an investment perspective, people have been rewarded for saving US dollars as savings over the last few decades. The monetary policy behind the US dollar turned out to be a fatal flaw. “I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. With regards to Pirate Chain as a “transaction asset”. The United States Dollar accounts for 80% of the world’s transactions whereas it only contributes to 25% of global gross domestic product. From an investment perspective, people were rewarded for hoarding USD as a savings over the last few decades.
From then, there will be apparently no good way to express Bitcoin‘s value in dollars, as the dollar is no longer used. In this version of the future, “land and cryptocurrency” will be the only relevant assets of value left. The post is absolutely ridiculous, but surprisingly, it appears someone has recently doctored it to read as if OP themselves returned to edit the post, despite their account being deleted years ago. US Treasury Secretary Janet Yellen last week vowed to protect investors but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. Oct 30th update he delivered $4,000 and now that money is in a whaleclub account 5–1 ethereum trade at 300. I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year. If it goes to $5,000 I make decent money if not my losses are capped. It also didn’t quite line up with Tesla’s Monday regulatory filing, which said the company bought Bitcoin after changing its investment policy in January.
The company made the comments about the share offering in a regulatory filing for fourth-quarter earnings which showed GameStop returned to profitability, with 175% growth in e-commerce sales. Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed. Moderators in r/TSLA, a subreddit dedicated to posts on the electric carmaker’s technology and stock price, previously appeared to remove the post here. It was left up in r/bitcoin, where the cryptocurrency is discussed. Crunchbase is the leading destination for millions of users to discover industry trends, investments, and news about global companies–from startups to the Fortune 1000.
The user’s original post stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look Wednesday, a day after the electric carmaker and its CEO Elon Musk disclosed a $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit early last month. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. A Reddit user claiming to be a software developer at Tesla posted that the company had bought bitcoin more than a month before Tesla CEO Elon Musk formally announced it.
How To Value Bitcoin: Ticket To The Moon Or Rat Poison?
Bitcoin will also always retain its transparency that is required for its immutability. Wall Street does not like the privacy aspect because it generates revenue based on asset flow. It matters more to Wall Street that $100 billion worth of transactions are conducted in BTC valued at $10k, than $1 million worth of transactions valued at $100k. Institutions earn their keep not by hodling, but by making money as the middleman. The grassroots btc reddit cypherpunk movement that gave birth to Bitcoin intended for $BTC to be a censorship resistant and immutable, fungible currency for the everyday person. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited. The moderator then went on to explain that there could be a number of reasons for the current status of OP’s account.
The key to the currency we use every day is privacy, as well as substitutability and ease of use. Privacy is the best of all cryptocurrency digital currency options in the Pirates chain . Pirate Chain is the closest digital iteration of cash and the best form of digital currency ever available . A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. Per the company, in the coming https://traderoom.info/beaxy-cryptocurrency-exchange-review/ months, users should also be able to spend and transfer money via Reddit, Discord, Instagram, Twitch, Telegram, and Mastodon. As the post was focused on bitcoin, the tipper may benefit from a grey area in oversight and enforcement, as the US Securities and Exchange Commission does not treat the cryptocurrency as a security, one expert said. The post looked like such a prescient prediction of Tesla’s bitcoin investment that financial news outlets including Reuters and Bloomberg picked it up this week.
— Still using coinbase though, and giving money to founders. I have a coinbase account that I am reasonably happy with, but for various reasons related to BTC itself and specific to coinbase, I found it difficult to “trade a position”. I also wanted a bit of leverage, nothing crazy but I wanted to risk all of the capital for a 5x return rather than try and make 20%. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from the 24-year-old political science student stating he was “high on acid” when he wrote it. Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation. At the same time, Fed officials have refrained from expressing any concern about the recent pickup in yields, saying the move reflects optimism about the economy. “The market is still coming to terms with the fact that this Fed is going to be focused on maximizing employment and is going to let inflation run,” said Patrick Leary, chief market strategist and senior trader at Incapital.
About a week ago I signed up for Bitflyer as it seemed to be recommended to people living in Japan and submitted my personal info and JP bank account info. Our new 0.3 release brings big quality of life improvements, including fully featured keyboard navigation, improved hotkeys, a depth chart module, a clock module, longer-lasting user sessions, new config automated trading options and more. Last October we released our new native application Cryptowatch Desktop, a response to the bloated, CPU-intensive web applications crypto traders are stuck with today. News articles that do not contain the word “Bitcoin” are usually off-topic. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins.
r/Bitcoin subreddit, and such site-wide actions can only be performed by reddit site administrators,” they added. Bitcoin Citadels have evolved into a permanent part of the Bitcoin vernacular; a meme to help imagine what life would be like post-hyperbitcoinization. In 2013,a Reddit user appeared to present a bleak outlook of the year 2025, where rampant inequality and parabolic Bitcoin value has pushed the world to the brink of collapse. Civil btc auto trading insider trading cases typically hold tippers to a standard of benefitting from the sharing of information. That may put the Reddit users in a rare and relatively untested legal area of criminal but not civil liability, Wolfe said. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure, with some even joking that Musk might have written it himself. Dec 5th Update, whaleclub is a scam and they stole $20,000.