Excellent story clearly demonstrating how ignorant that guy is and anyone believing that story is, lol he says -- so long as the supply of coins doesn’t surge.
Excellent story clearly demonstrating how ignorant that guy is and anyone believing that story is, lol he says -- so long as the supply of coins doesn’t surge.
So glad you clarified that for us. Surely - the boss of JP Morgan obviously must be a fool and understands nothing about money. We all will trust your expertise on that.
And you are right - this are clever people who create money out of nothing (e.g. by splitting Bitcoin into Bitcoin and Bitcoin Cash) and make more money from nothing. Oops - maybe this was an example of what he meant? No - can't be .. he does not understand cryptos and therefore does not know about splits - doesn't he?
The fools however might not be the boss of JP Morgan - I heard he is not paying good money to get nothing. The fools might be the people buying the fast increasing amount of various cryptocurrencies - be they newly invented or created by arbitrary "splits" of existing cryptocurrencies.
I hear they talk about another split ... the miraculous increase of bitcoins - just like Jesus did it with bread and fish. Obviously all without increasing the number of bitcoins .
DYOR ... and - if you need a financial experts in this difficult domain - pick them wisely ;
Discl: Don't hold.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Excellent story clearly demonstrating how ignorant that guy is and anyone believing that story is, lol he says -- so long as the supply of coins doesn’t surge.
The rejection of Bitcoin by China points to a problem that Bitcoin investors ignore at their peril, i.e.: if Bitcoin wants to move out of the realm of drug dealers, money launderers, speculators and tax evaders then at some stage, it needs government legitimacy.
"In bitcoin’s case, Dimon said he’s skeptical authorities will allow a currency to exist without state oversight, especially if something goes wrong. .....“You just saw in China, governments like to control their money supply.”
Excellent story clearly demonstrating how ignorant that guy is and anyone believing that story is, lol he says -- so long as the supply of coins doesn’t surge.
Originally Posted by Fatboyj
Just pointing out he doesn't know what he's talking about.
I have to say that we are all very impressed with the high level of your counter argument.
It seems to me that if you focus on what is good for New Zealanders and the economy in general instead of narrow self-interest Labour’s policies do not seem to be the disaster some are predicting. There are more similarities than differences with the two parties.
https://milfordasset.com/category/news/ NZ election impact on financial markets The risk to the performance of the New Zealand share market is exacerbated by the substantial rise in foreign ownership over the last few years. According to local investment house Forsyth Barr, ownership of New Zealand shares by offshore institutional investors has increased from 30% to almost 50% over the last 5 years.
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Originally Posted by Fatboyj
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