Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TobagoJack who wrote (169367)	3/11/2021 3:08:00 AM
From: sense	1 Recommendation Recommended By dvdw© Read Replies (3) \| Respond to of 217617

I have poked at crypto today... and following up on the PayPal poking... found very much more awkwardness abounding in every aspect... You can "buy" four coins including BTC using PayPal... but you can't own them... transfer them... use them... without converting to dollars and transporting the dollars... So, Paypal is become an "intermediary in name only"... allowing you to speculate on price of an asset held in "off street" name... only. Same at most others I looked at today. "Trading" is allowed... but no real ownership or use. So there is no reduction of intermediary risks... only an amplification. And, to own crypto or trade anything other than the top few... ? The function only gets much worse if you require ownership... or want something other than what PayPal will let you buy but not own... also as most "brokers" like PayPal also have a very limited portfolio. It is as if, with thousands of stocks in the market... your broker only traded in six or eight issues ? And to get a stock you wanted... you have to open another account with another broker... and not a limit there... ? Most of the other brokers, like PayPal... will not provide real ownership. Maybe Coinbase and Binance... are the only two "real" brokers in the U.S. ? But there are other issues with them, too... and lots of regulatory issues from one country to another that vary greatly by country... but also by broker... making a huge mess of the "market'... to the point I'd say crypto is the grey market more than the pink sheets... save that it isn't buying and selling shares but "currency"... that cannot be converted from one to another without having a separate brokerage account in each new "non country's" currency... MSTR is a stock so you can trade it. Their business model seems it is "we have money... and we hold it" ? And... then what ? The lack of a real market... is not just an inconvenience in trying to buy the latest coin you want to buy... it is a show stopper type risk in the utility said to exist... that does not exist. Bre-X money. The key advantage in bitcoin, etherium, tether, and other widely traded instances as first movers... is that you have to have one of them to be able to trade into all the others... As if you went to the post office to buy stamps... and they only sell $1000 dollar stamps... and you have to buy those and use them, only, to convert into other denominations of stamps... which they also will not let you buy at the same post office ? You will have to go to another post office to convert your $1000 stamp holdings into something useful to mail a post card ? Rube Goldberg Money. If a new stock came out with an IPO... with one broker making the market... all the trading done in house... with the one broker posting all the quotes... and to buy it, you had to have an account with that broker... not just to get in on the IPO... but to trade it ? What could go wrong ? That's exactly the same thing as the penny stock boiler room operations of the 1960's to the 1980's... There's a lot more to unpack in what I found, today... a friend having had issues with Binance... as they had to fork somehow to sustain U.S. compliance... but his wallet got stranded in the non-U.S. entity somehow, and now he can't access it... ? I did poke at Theta as part of this... since it is quoted on Yahoo note it is now up to $6.50 (How?) Those computers trading with each other... it seems... have cracked the code on how to get rich with automation. Nothing I looked at had access to it... so searched to find out what the story was.... Found this... which makes sense in a single instance of all that posted above: Note, if you read it, that it says "four steps"... so add math challenged to the critique. Learn how to buy Theta Network in the United States (with USD) If this is the answer... what the hell did they think the question was ?