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    [Daily Discussion] - Friday, August 06, 2021 Bitcoin Markets

    [Daily Discussion] - Friday, August 06, 2021 Bitcoin Markets


    [Daily Discussion] - Friday, August 06, 2021

    Posted: 05 Aug 2021 09:00 PM PDT

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    submitted by /u/AutoModerator
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    The Absolute Beginner’s Guide to Cryptocurrency Investing

    Posted: 05 Aug 2021 12:33 PM PDT

    Hello everyone!

    During the last year I have researched and compiled the most frequently discussed topics on this subreddit, in addition to basic concepts that I believe anyone who's starting out in this space should know about. The culmination of that work is: https://simplecryptoguide.com

    Simplecryptoguide.com aims to provide an objective introductory guide for people who are new to the cryptocurrency space, providing a step-by step introduction through the basics. In addition to a brief technical overview and a walkthrough of the risks associated with cryptocurrency investments.

    If there's a subject you would like to see added to the guide then let me know and I'll add it to the to-do list.

    I have a few additional topics I'll be covering in due time, still kind of getting the hang of this whole website building thing, so these things take a while. So be patient with me please. :)

    submitted by /u/Stoffmeister
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    what is the price of bitcoin when all the bitcoin is bought?

    Posted: 05 Aug 2021 10:31 PM PDT

    So what I am trying to say is what is the price on an exchange for bitcoin when/if all bitcoin is bought and there is none in the liquidity pool?

    Is the price just calculated from whats in the liquidity pool or does then the "buy/sell" orders come into play where then bitcoin is only sold at the lowest "buy order".......

    Im genuinely interested.....

    submitted by /u/Suspicious_Series_95
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    JPMorgan Unveils Private Bitcoin (BTC) Fund for Wealthy Investors

    Posted: 05 Aug 2021 03:30 PM PDT

    JPMorgan has reportedly joined forces with NYDIG to roll out a new private bitcoin (BTC) fund. Sources close to the bank have hinted that the fund, which is only available to clients of JPMorgan's Private Bank, currently has no investors but the firm is seriously pitching the bitcoin investment vehicle to prospective investors, according to reports on August 5, 2021.

    JPMorgan Delving Deeper into Bitcoin

    After several months in the works, Jamie Dimon's JPMorgan, one of the largest financial institutions in the world, has finally launched its bitcoin (BTC) fund in a landmark move that shows the cryptocurrency ecosystem is gradually coming of age.

    Per sources close to the matter, the passively managed bitcoin fund was developed in collaboration with New York Digital Investment Group (NYDIG) and the team has made it clear that it will be available to only a select group of its wealthy clients.

    Notably, JPMorgan has described its new bitcoin investment offering as the safest and cheapest fund available on the private markets. The firm has also hinted that the fund may be converted to an exchange-traded fund (ETF) when the Securities and Exchange Commission finally starts greenlighting them.

    Bitcoin's Legitimacy Rising Steadily

    JPMorgan's complete transformation from being a totally bitcoin-averse financial institution to one that has now embraced the super volatile cryptocurrency with open arms goes a long way to show that the long-time rhetoric held by critics that bitcoin is just a tool for fraudsters, has lost its authenticity.

    Even JPMorgan CEO Jamie Dimon in September 2017, described bitcoin (BTC) as a 'fraud" destined to blow up, adding that "the currency isn't going to work. "You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart. I would fire any of my workers trading bitcoin in a second, for two reasons: it is against our rules and they are stupid, and both are dangerous," Dimon said at the time.

    More recently, in March 2021, U.S. Treasury Secretary Janet Yellen argued that bitcoin poses immense danger to both the public and investors.

    "I don't think that bitcoin …is widely used as a transaction mechanism. To the extent, it is used I fear it's often for illicit finance. It's an extremely inefficient way of conducting transactions, and the amount of energy that's consumed in processing those transactions is staggering," he said

    With global institutional interest in bitcoin and other cryptocurrencies steadily increasing, it is expected that the legitimacy of these innovative digital assets will continue to move in an upward trajectory.

    At press time, the price of bitcoin (BTC) is sitting around $38,151, with a market cap of $715.24 billion, according to CoinMarketCap.

    Article: https://btcmanager.com/jpmorgan-unveils-private-bitcoin-btc-fund-for-wealthy-investors/

    submitted by /u/Mars_chego
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    ArForexTrading

    Posted: 05 Aug 2021 04:02 PM PDT

    The Dark Knight Hodls

    Posted: 05 Aug 2021 12:02 PM PDT

    Plot for the last in Christopher Nolan's Batman franchise. It's 2025. Ra's Al Ghul returns. He tries to take down Gotham's decadence by crashing Bitcoin (the city's main currency now) through massive unprecedented short sells funded by the League of Assassins. Batman, now an elderly billionaire liquidates Wayne Enterprises, buys like a hero, and vanquishes Al Ghul by reminding everyone to HODL.

    Fin.

    -Victor Cobra

    submitted by /u/GhostOfMcAfee
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    So, I made a map of Bitcoin

    Posted: 05 Aug 2021 11:12 AM PDT

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