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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (166657)	1/3/2021 5:52:40 PM
From: TobagoJack	Respond to of 217753

<<Gold Heavy, robbers rob, gradual dilution, gets lost by accident or forgetting where where stashed, cost of protecting it in vaults, can't post it safely and cheaply, a 10 cent payment means a minuscule coin, fake gold hard to detect.>> Long tradition, and proven track record. Shiny and hefty, and desired by robbers. Not meant to be posted. Supposed to be buried. Do not need to know exactly where busied, approximate will do when in large enough quantity. <<USD Dilution dilution dilution. Cost of transmission, delays in transmission, confiscation by kleptocrats, exchange rate costs, third party needed to store it and move it. If used in foreign countries the dilution is a tax on those countries = no taxation without representation (declaration of independence). Risk of sudden Zimbabwe effect due to political process of dilution and mass abandonment.>> Sanction sanction sanction weaponisation, destined to be abandoned. In the meantime, bulky, dirty, prospect of fakes, etc etc, and at zero-negative interest rate, opportunity-costly to store, and certainly not stores of value. <<Bitcoin Energy cost to run the blockchain = $2000 per mined bitcoin (or thereabouts), delay in transmission, secret code gets lost, or stolen by stealth, or inadvertent disclosure, panic to zero when competing payment method supersedes it, government attack risk because USD owners will kill it and maybe anyone using it, quantum computing disruption, can't remember secret code.>> Yeup, yeup, and yeup, and so best get on board, ride for its worth, abandon before forget, and rotate into Gold <<Mq's digital masterpiece No problems. Except that I haven't completed it yet so it's unobtainium for now. So I'm using USD and NZD and shares and houses>> Bitcoin is faster- <<USD and NZD and shares and houses>> So must consider a temporary swap. <<Why is bitcoin worth more than ethereum and the many other options?>> Ethereum, like silver, is useful. Bitcoin is useless, as is gold. Other options? What other options? BTC has the largest market share and greatest market cap. XRP (Ripple), R.I.P. was third largest crypto and market share was at 3.x% trending to zero.

To: Maurice Winn who wrote (166657)	1/3/2021 6:09:31 PM
From: TobagoJack	Respond to of 217753

Primer (1) Satoshi paper bitcoin.org (2009) (2) What is Bitcoin makeuseof.com (2017) (3) What is money (4) What is fiat? Fiat Money Inflation in France_2.pdf (5) Bitcoin, BTC, bitgold, fastergold, moregold realvision.com khanacademy.org

To: Maurice Winn who wrote (166657)	1/4/2021 11:12:16 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217753

JPM believes we believe JPM and care about what it has to so as opposed to must eventually do In the meantime, in the time since I engaged, BitGold indeed has been more-&-faster-gold bloomberg.com JPMorgan Sees $146,000-Plus Bitcoin Price as Long-Term Target Joanna Ossinger 5 January 2021, 11:40 GMT+8 Bitcoin may have the potential for substantial further gains over the long term as it competes with gold for investment flows, according to JPMorgan Chase & Co. Bitcoin’s market capitalization of around $575 billion would have to rise by 4.6 times -- for a theoretical Bitcoin price of $146,000 -- to match the total private sector investment in gold via exchange-traded funds or bars and coins, strategists led by Nikolaos Panigirtzoglou wrote in a note. But that outlook depends on the volatility of Bitcoin converging with that of gold to encourage more institutional investment, a process that will take some time, they said. “A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the strategists wrote Monday. However, “a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year.” Bitcoin slid as much as 17% on Monday, the biggest drop since March, after breaching $34,000 for the first time over the weekend. The swings are a reminder of the famed volatility of the largest cryptocurrency, whose price has more than quadrupled over the past year. More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so. While some argue that the cryptocurrency offers a hedge against dollar weakness and inflation risk in a world awash with fiscal and monetary stimulus, others say retail investors and trend-following quant funds are pumping up an unsustainable bubble. Read more: JPMorgan Says Flows to Grayscale Trust Key to Bitcoin’s Outlook For now, JPMorgan sees headwinds for the largest cryptocurrency, with indicators like a buildup of speculative long positions and an increase in investment wallets holding small amounts of Bitcoin showing potential froth. “The valuation and position backdrop has become a lot more challenging for Bitcoin at the beginning of the New Year,” the strategists wrote. “While we cannot exclude the possibility that the current speculative mania will propagate further pushing the Bitcoin price up toward the consensus region of between $50,000-$100,000, we believe that such price levels would prove unsustainable.” Bitcoin rose 3.3% to $32,056 as of 12:40 p.m. in Tokyo, while the wider Bloomberg Galaxy Crypto Index advanced about 1.8%. Before it's here, it's on the Bloomberg Terminal. LEARN MORE