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


To: Follies who wrote (170520)4/15/2021 7:48:55 PM
From: TobagoJack  Respond to of 219523
 
Re <<The clip>>

Near start of business day, HK local time 7:48am

I have been on zoom call since 5:00am dialoguing w/ group w/r to music NFTs, an effort meant to be in harmony w/ the studio labels, and for advantage of the (well known contracted to studios, and as well as new unencumbered) artists

Just had a chance to check what your shore did to the bitgold, that which people in effect trades for NFTs and back again, as digital gold, and see that it is doing just fine, moving from its April 15th target just met per Pantera, and onward toward its destiny for 15th May

messari.io



The Pantera model accuracy rate seems to have been improving w/ age, hitting stride

Into the twilight zone, next stop $74,474

Wonder what, should the target be hit, happens to MSTR and COIN?



Message 33282057




To: Follies who wrote (170520)4/15/2021 8:40:06 PM
From: sense  Read Replies (1) | Respond to of 219523
 
The more digital we get the more obvious it is that we live in a simulation.

Yeah... in the sense that everything done in a computer that resembles reality... is a simulation... and if you choose to live in it... there you are.

But that perception of similitude... doesn't alter physical reality... at all. The reduced latency discussion from yesterday... makes the artificial reality more realistic... more acceptable to your brain as a substitute... not more real in fact. Utility in the convergence... in the degree you can pair latency control and higher resolution in other things with control of those other things in the actually physical... to make better 3-d printers... but, even when you can 3-d print living tissues... the virtual remains virtual... and the real remains real... ne'er the twain shall meet... without the acknowledgement of the difference.

The belief that reality is a machine... because you are viewing it through a machine... is a form of insanity in belief... not much different than remote native tribes at first believing that taking their photos with a camera was capturing their souls...

Go beyond that understanding of mimicry (or math, however beautiful) illuminating creation as it is incompletely... and you're not talking about science... but about a confused new input made as a belief in a religion... that is based in irrational beliefs borne of misinterpreting experiences...

Mine isn't a criticism of religion... it is a criticism of ignorance of religion fostering adoption of irrationality in science... which, when it has become irrational... isn't science... and as religion... is also pretty useless.



To: Follies who wrote (170520)4/16/2021 4:25:04 AM
From: TobagoJack  Respond to of 219523
 
Re <<exclamatory>>

Try Message 33283728 , the very last slide, the only important slide, with double exclamatory marks and one word in all-CAPs, in a normally extremely PROFESSIONAL INVESTMENT LETTER !! Unclear to me why no bold font double-underlined and in different colour.

"Finally here is my basket of other digital assets, (Alts); they have been correcting but are still up 77% since I bought them two months ago!


Strap in, the next two to three months are going to be WILD in crypto land!



To: Follies who wrote (170520)4/19/2021 6:25:12 AM
From: TobagoJack  Respond to of 219523
 
Follie, have a listen in the background whilst having breakfast or lunch on own



Bottom line, hold or buy, but do not sell



To: Follies who wrote (170520)4/19/2021 6:48:34 AM
From: TobagoJack  Respond to of 219523
 
I didn't know before but just learned about why Team S Korea is a big buyer of BTC

And whenever BTC crashes, expect the Team to buy buy buy rather than sell sell sell

decrypt.co

Bitcoin Sells for $65,882 in South Korea as Kimchi Premium Resurfaces

South Korea’s kimchi premium is back big time. Bitcoin is trading for $65,882 in South Korea—an 18.6% difference than on the global markets.

By Ekin Genç

In brief

Bitcoin in South Korea is 18.6% higher than elsewhere: it’s the kimchi premium!

South Korean banks and a major cryptocurrency exchange have introduced restrictions on money flows between crypto and the won, Korea's national currency.

A bloodbath in the crypto markets today sunk the price of Bitcoin price on global markets by 14% to lows of $52,144.

But the current price of Bitcoin, $55,553, is far lower than the price of Bitcoin on South Korean exchanges such as Bithumb and Korbit. On those exchanges, the Bitcoin against the Korean won for the equivalent of $65,882.

That’s 18.6% more than Bitcoin / USD pairing on global exchanges, such as Binance and Coinbase.

New restrictions on the flow of money are behind the difference, Doo Wan Nam, head of business development in Asia for governance protocol Maker, told Decrypt.

Today, Upbit, a major South Korean crypto exchange, implemented a 72-hour rule on withdrawals into the won for accounts that have received cryptocurrencies for the first time. The rule will take effect tomorrow.

The rule comes four days after several major South Korean banks stopped money transfers to global crypto-related entities.

The regulations make it even more difficult to move crypto out of the country, which already has tight restrictions on the flow of capital. That inflates the price of Bitcoin in the country.

“It was hard to do arbing but now it's even harder,” said Nam, referring to the theoretically lucrative but practically cumbersome arbitrage trade between global markets and South Korea.

Bitcoin isn’t the only currency affected. US dollar stablecoins, cryptocurrencies pegged to the US dollar, sell for a premium on the few South Korean exchanges that list them. On Probit, a South Korean crypto exchange, the largest US dollar stablecoin, USDT, trades for $1.21.

“If it were easy, it would have been arbed already,” Nam told Decrypt, who like all Koreans, benefits from the kimchi premium by locally selling and buying as the kimchi premium changes. But it’s no different than price fluctuations on any other market.

Only a few other countries have restrictive policies that cause these premiums, such as Nigeria. In other countries, lax capital controls make it easy for bots to move money around quickly enough to close any gap.

The premium in Korea hasn’t always been positive. As recently as February 2021, the difference stood at -6.5%. And today’s kimchi premium of 18.6% is still much lower than the eye-watering premiums in May 2017 (63%) and January 2018 (47%).

Until traders can also profit off arbitraging on South Korean exchanges, it’s the inedible kimchi premium for dinner… for a long time.

DisclaimerThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.



To: Follies who wrote (170520)4/27/2021 10:27:15 PM
From: TobagoJack  Respond to of 219523
 
Re <<BTC>>

The crashette of BTC was tolerable; in fact did not even fret over it, never mind sweating.

Businesses on this side of the pacific pond proceeding with bum-rushing weaponisation. Heart-warming to see leaders readying to defend so as to better attack.

bloomberg.com

Nexon Joins Tesla in Bitcoin Bet With $100 Million Purchase

Takashi Mochizuki
An hour ago
Nexon Co. said it bought $100 million worth of Bitcoin, joining a list of tech companies embracing the digital currency.

The online game provider acquired 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses. The purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand, and is the largest-ever purchase of digital currency made by a company traded in Tokyo, Nexon said.

“Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,” Owen Mahoney, Nexon’s chief executive officer, said in a statement. “In the current economic environment, we believe Bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

A growing number of global firms including Tesla Inc. and Square Inc. have moved to purchase Bitcoin in recent months, with more starting to accept the cryptocurrency as a form of payment. Firms in Japan, which was an early leader in Bitcoin acceptance, have been slow to join this trend.

Nexon said it intended to guard itself against a potential drop in the value of non-digital currencies in case of inflation, with Mahoney seeing Bitcoin as a “form of cash likely to retain its value, even if it is not yet widely-recognized as such.”