Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23326. (Read 26711485 times)

sr. member
Activity: 260
Merit: 251
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
And recently:

Financial analyst, Ann Barnhardt, says that Citigroup is adding an astounding $10 trillion per quarter to its derivatives portfolio.
In the event of a drop in value, this now is covered by the FDIC, which transfers the high risk of derivatives to US taxpayers.


http://investmentwatchblog.com/financial-analyst-ann-barnhardt-says-that-citigroup-is-adding-an-astounding-10-trillion-per-quarter-to-its-derivatives-portfolio/#x9jiOHpTCvEdWWEJ.99
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
Can someone please explain to me how GEMNI and RIPPLE are different?

Can someone please explain to me how GEMNI and RIPPLE are different? Isnt NXT or Counterparty and Bitshares all the same

is GEMNI an altcoin

Huh

Seriously?
legendary
Activity: 1120
Merit: 1000
Can someone please explain to me how GEMNI and RIPPLE are different? Isnt NXT or Counterparty and Bitshares all the same

is GEMNI an altcoin

Huh
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

https://www.fdic.gov/deposit/deposits/

"FDIC insurance covers all deposit accounts, including:
Checking accounts
Savings accounts
Money market deposit accounts
Certificates of deposit
FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."

As with traditional exchanges what they insure is the balance in USD and not the products.

This permits mom and pop to move 25k in RRSP 401k and other funding options.

This is huge.

And recently:

Financial analyst, Ann Barnhardt, says that Citigroup is adding an astounding $10 trillion per quarter to its derivatives portfolio.
In the event of a drop in value, this now is covered by the FDIC, which transfers the high risk of derivatives to US taxpayers.


http://investmentwatchblog.com/financial-analyst-ann-barnhardt-says-that-citigroup-is-adding-an-astounding-10-trillion-per-quarter-to-its-derivatives-portfolio/#x9jiOHpTCvEdWWEJ.99
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
full member
Activity: 224
Merit: 100
Can someone please explain to me how GEMNI and RIPPLE are different? Isnt NXT or Counterparty and Bitshares all the same
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1120
Merit: 1000
As with traditional exchanges what they insure is the balance in USD and not the products.
This permits mom and pop to move 25k in RRSP 401k and other funding options.
This is huge.

So mom and pop will be able to put their 401k money into the Gemini exchange and day-trade bitcoin with it?

Can they deposit it with a broker and day-trade penny stocks with it?

after the wolf of wall street I guess they would prefer daytrade BTC instead.

We all know that brokers are here only to make all your money become their money
hero member
Activity: 910
Merit: 1003
As with traditional exchanges what they insure is the balance in USD and not the products.
This permits mom and pop to move 25k in RRSP 401k and other funding options.
This is huge.

So mom and pop will be able to put their 401k money into the Gemini exchange and day-trade bitcoin with it?

Can they deposit it with a broker and day-trade penny stocks with it?
legendary
Activity: 1120
Merit: 1000
sr. member
Activity: 434
Merit: 250
legendary
Activity: 1120
Merit: 1000
Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.

who is shibedojo?

Some doge hodler?

And leave BTC to go for USD and euro is going to bad to worse, not matter how bad is your vision of BTC
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.

A: /r/ is /g/ay.

B: Move your whole life savings into Euro's and gl to ya!

C:
   
legendary
Activity: 1442
Merit: 1188
Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

Not just banks. They also insure "depository institutions" per FDIC's website:  " The majority of these insured depository institutions are subsidiaries of bank holding companies."
hero member
Activity: 826
Merit: 518
Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.
legendary
Activity: 1792
Merit: 1047
Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

https://www.fdic.gov/deposit/deposits/

"FDIC insurance covers all deposit accounts, including:
Checking accounts
Savings accounts
Money market deposit accounts
Certificates of deposit
FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."

As with traditional exchanges what they insure is the balance in USD and not the products.

This permits mom and pop to move 25k in RRSP 401k and other funding options.

This is huge.

donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
It can't even hold a Lesser Rule of Thirds cycle. Back to 180. PUUUUURRRRGE you non-believers. Cleanse yourselves of filthy bitcoins!
hero member
Activity: 669
Merit: 500
1w charts still pointing down

MACD on weekly charts is pointing up.
hero member
Activity: 910
Merit: 1003
Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?
Jump to: