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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 449. (Read 26714906 times)

legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
I see rumors circulating online about rumors that big banks may soon be able to custody your crypto. Meaning that you’ll be able to have (for example) Bank of America hold onto your Bitcoin for you instead of an exchange or self custody. I think this will go a long way towards making mortgages backed by Bitcoin a reality for the masses. It could also spur more adoption from people who avoid crypto exchanges and don’t want to self custody, which I imagine is a lot.
Crypto, crypto.  Roll Eyes
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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legendary
Activity: 2520
Merit: 3038
rumors that big banks may soon be able to custody your crypto [...]
making mortgages backed by Bitcoin a reality for the masses

If BOA or Wells Fargo would custody BTC and it was FDIC insured up to 250k  Btc would whale bigly.

Only downside
they’ll operate based on a fractional reserve
likely paying a tiny bit of interest [...]
double edged sword

This makes FDIC insurance less likely, or maybe possible only up to a lower notional.

Sounds like they are planning on Rehypothecation.

Let'em try. A slight misstep? A deeper slip? A large client claiming their corn back, or many small ones? Small bank? Too big to fail behemoth? Some combinations of ingredients may turn btc denominated bank runs into virtual short squeeze events - where it isn't necessarily the order book that matters, but likely the size of the OTC desk. Interesting times indeed.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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member
Activity: 234
Merit: 46
What I am hearing is that we really need to find new ways to market Bitcoin to the ignorant masses.

PMs have been around for millennia, are deemed a safe investment by governments, banks, financial gurus, and the mass media, and yet...

...none of the ignorant masses around me that I know (e.g., friends, family, colleagues, etc.) even OWN any investment gold, silver, etc.

Literally zero ownership.

Ignorant masses in most cases just want to remain ignorant to justify their not investing, period.

They would rather moan about being poor, than to actually take action to do something about it.

So if they refuse, or can't afford, to purchase PMs, then what makes us believe that they would invest in Bitcoin?

The same rules apply, I think.

Because investing is hard, requires parting with money they barely have (and that they would rather spend elsewhere), and requires taking risks.

You just described my friends attitude to investing. And your conclusions are simply true. 100+ merits.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
I see rumors circulating online about rumors that big banks may soon be able to custody your crypto. Meaning that you’ll be able to have (for example) Bank of America hold onto your Bitcoin for you instead of an exchange or self custody. I think this will go a long way towards making mortgages backed by Bitcoin a reality for the masses. It could also spur more adoption from people who avoid crypto exchanges and don’t want to self custody, which I imagine is a lot.

Sounds like they are planning on Rehypothecation.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I keep trying to ask Gox creditors what they got.. and I keep thinking that the amount received by Gox creditors was around 15%-ish of the size of what they had on the exchange (GOX).. .. but I am not really sure why I keep gravitating towards that 15% speculation number.

15% is pretty spot on. I chose ELSP (Early Lump Sum Payment). Those who chose Final Payment would get around ~20% I believe, but they haven't been credited in full yet as far as I know. I just wanted it to get over with.

The percentage given back to gox creditors who chose the early lump sum payment was 15.8%. I don’t think there is an exact number yet for those who didn’t, but I do recall seeing something about early lump sum payouts receiving a second payout down the line if the funds leftover for the final payouts exceed some percentage. I believe it was 19.8%, but I could also be pulling that number out of my ass.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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sr. member
Activity: 378
Merit: 889
That sounds like a very sustainable withdrawal system if you are selling 2% every couple of years, yet I think that many of us might recommend spreading out your sells to be several times every couple of years rather than 2% to cover a whole 2 years, especially since this seems more like a consolidation area (and close to the bottom) rather than anything close to toppy.
I usually just sell once every month, just enough to cover my expenses. Keeping (near) all of net-worth in btc at all times has served me well so far.

I don't know why I sold so much this time. I had more coins than usual on CEX (due to the Mt.Gox payout), maybe that's why. It was a moment of weakness, I'm not proud of it...

I keep trying to ask Gox creditors what they got.. and I keep thinking that the amount received by Gox creditors was around 15%-ish of the size of what they had on the exchange (GOX).. .. but I am not really sure why I keep gravitating towards that 15% speculation number.

15% is pretty spot on. I chose ELSP (Early Lump Sum Payment). Those who chose Final Payment would get around ~20% I believe, but they haven't been credited in full yet as far as I know. I just wanted it to get over with.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I see rumors circulating online about rumors that big banks may soon be able to custody your crypto. Meaning that you’ll be able to have (for example) Bank of America hold onto your Bitcoin for you instead of an exchange or self custody. I think this will go a long way towards making mortgages backed by Bitcoin a reality for the masses. It could also spur more adoption from people who avoid crypto exchanges and don’t want to self custody, which I imagine is a lot.

If BOA or Wells Fargo would custody BTC and it was FDIC insured up to 250k  Btc would whale bigly.

I agree the potential is there. Older investors that aren’t tech savvy would certainly appreciate it and likely feel more comfortable making their first Bitcoin purchase. I think the ETF does give those people a good option, not having to pay a management fee would make a bank a better option. Only downside is they’ll operate based on a fractional reserve, so they’ll be loaning out your BTC and likely paying a tiny bit of interest and selling BTC that doesn’t exist to customers. So it will be a double edged sword and a likely disaster in the event of a bankruptcy or major recession, but progress in assimilating with the existing system for those who want that.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
I see rumors circulating online about rumors that big banks may soon be able to custody your crypto. Meaning that you’ll be able to have (for example) Bank of America hold onto your Bitcoin for you instead of an exchange or self custody. I think this will go a long way towards making mortgages backed by Bitcoin a reality for the masses. It could also spur more adoption from people who avoid crypto exchanges and don’t want to self custody, which I imagine is a lot.

If BOA or Wells Fargo would custody BTC and it was FDIC insured up to 250k  Btc would whale bigly.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I see rumors circulating online about rumors that big banks may soon be able to custody your crypto. Meaning that you’ll be able to have (for example) Bank of America hold onto your Bitcoin for you instead of an exchange or self custody. I think this will go a long way towards making mortgages backed by Bitcoin a reality for the masses. It could also spur more adoption from people who avoid crypto exchanges and don’t want to self custody, which I imagine is a lot.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
I remember having powerful dreams when I began taking magnesium + zinc supplements (a doctor recommended them). The dreams were almost like feature-length movies, complete with plot, twists & turns and everything. I was looking forward to going to sleep, wondering what dream I would have.

I have now stopped taking supplements (trying to take my nutrients from natural sources), and the dreams have subsided. I still have them, but not as intense and complex as when I was taking the supplements. Or maybe I do have them, but can't remember them? It's interesting how a chemical change can affect you in different ways...

Interesting. Which type/form of zinc and magnesium and what was the dosage?

I was only every able to have two types of lucid dreams, I was like the wind I could go anywhere i wanted and could fly there. I could feel the wind blowing against my face, I was aware I was dreaming and I could feel some emotions. I could feel some physical sensations, like standing on beach I could feel the sand in my toes or leaning against a wall I could feel the brick pattern with shoulder. It was very odd but enjoyable. The second type I could observe a scene, sort of like an out of body experience is described. It was very uncomfortable, I could hear people taking and watching them do things. I couldn't interact with them I was like a ghost, present but couldn't feel anything physical.

In the hypnosis sessions i got, i always was some kind of "soul", and one of the few times i felt the wind, the way you described it, when hovering over a big pyramid waiting for something to happen there, and i was waiting a long time (like eons) already, and still had to wait much longer. And i was fine with that, and calm, at peace. An intensive meditative experience.
Since then, i'm often imaginating that we (humans) don't get reborn, but we're one soul, each, and we get one life, each. Before and after, we're just souls again.
Sorry for being OT, this is probably totally different, but the way you felt the wind reminded me of all this.
It's time for me to get hypnotized again, asap  Cool

Quote
I was an interesting time, the only thing that still happens sometimes now many many years later, is that I will experience sleep paralysis. You wake up and you can't move for a bit. I blame myself for fucking around with this but once the realization kicks in the panic goes away and you can kind of make yourself come out of it. I do miss the flying tho!

This is typically a sign of waking up during deep sleep states. Suggesting a possible connection to the alarm clock method.
I tried to learn lucid dreaming using the "am i awake or dreaming?" method. Constantly repeating this phrase in the back of my head throughout the day, sometimes hundreds of times. Then there's the moment when you are actually dreaming and ask yourself (in the dream) if you are awake or dreaming. And then you take a look and you will know. I wasn't dedicated enough to this routine and quit it after a few lucid dreams. This method also doesn't mess with you sleeping patterns.

The main motivation was actually my first lucid dream. I was just dreaming normally, and in this dream a old friend, that i have not seen in a while, came up to me and said: "listen: you are dreaming, but now that you know, you can do anything you want". Suddenly the dream was like a black-and-white movie and i could consciously act in it. It ended a while later, after i lost control again. After i woke up, i wanted more and began to research lucid dreaming.
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