Did your Grandma or your Grandpa woke you up this morning screaming on the phone "Bitcoin to the Moon?" if you don't know,
this morning Bitcoin, was over $31.000!!! This is only magic, if you do not believe in data and the accuracy of numbers through repetitive occurrences.
Remember, anything that you can track you can improve and grow.
"Bitcoin is the 9th wonder that imitates life. It evolves with a series of ups and downs. But ultimately it goes up." - Djamee
The last best time to buy Bitcoin was in 2009. The next best time is now.
You too can start investing in BITCOIN. The arrival of "Institutional," money in 2021, is a logical step toward the adoption of "Digital Currencies by the Fortune 500.
In order for these companies or edge funds to take part in Cryptocurrency, the offering in terms of opportunity and possible ROI, Return On Investment, must first require them to invest a minimum of $100 Millions. Otherwise based on their rules (not opinion) it's kids play; and they won't partake in in anything bellow that level.
Well here we are. As of December 2020, the Grayscale Bitcoin Trust represents $11.5 billion of privately-invested Bitcoin assets. Grayscale, a US crypto investment firm that's one of the largest purchasers of Bitcoin in the world, launched the trust in 2013.
It trades under GBTC.
PayPal, is now allowing U.S account holders to hold cryptocurrencies and shop with them at its 26 million merchants. The 360° shift, with their earlier stance on Crypto; makes PayPal one of the largest companies globally to give consumers access to cryptocurrencies.
The SEC, The Securities and Exchange Commission, cost a potential loss of over $10 Billion in value to XRP. That's about -25%; after the SEC, filed a lawsuit against Ripple; alleging it misled investors by selling more than $1 Billion of the virtual tokens for the world's third largest cryptocurrency without registering with the agency.
Ripple questions the timing of the accusation. As a domino effect several crypto exchange platforms registered in the USA, stopped selling the token to the US crypto lovers.
Coinbase, one of the largest centralized cryptocurrency exchange, has indicated that it will seek to IPO and gain a stock market listing in 2021.
Coinbase, who has just started the process, filing confidential paperwork with the SEC, which if approved would see the company become the first major cryptocurrency business to go public.
By The Numbers : Coinbase, has over 35 million users in over 100 jurisdictions.
US $25 Billion of assets on Coinbase platform.
Over 1000 employees according to the website.
Delisting XRP for Coinbase, may be the only way for them to keep the SEC off their hair, for obvious reasons cited above or at least until the SEC and Ripple lawyers sort it out.
As a direct result of this debacle; a class action lawsuit was filed January 1, against the SEC by XRP investors. Another lawsuit from XRP, investors was aimed at Coinbase.
A petition against the SEC, is circulating and getting traction and signatures. When it reaches 100.000+ names, The White House must look at its merit.
CONNECTING THE DOTS:
Usually we see an al time high before the end of December, for bitcoin which is usually taking with it the top 20 or 30 altcoins in its bull run. Instead it seems to have delayed that explosion for Ethereum ETH, Litecoin LTC, to name only a few late 2020.
The collateral damage first victims of the assassination attempt on XRP, are Chainlink LINK, and Stellar Lumens XLM, who have arguably similar utility coin use potential than XRP.
A shadow therefore is upon those altcoins who also have seen a dip since the SEC unilateral declaration against Ripple.
To give you an idea of how incredible but true it is; when I started writing this blog BITCOIN, was at $30.000. Now it is at $33,000 with a market cap of almost $700 Billion+!!!
To keep things in perspective, Bitcoin, plunged below $4,500 in November 2018. So if you invested in a bitcoin at $6000 or even $10,000 how are you doing today?
Time has changed and even if BITCON, goes trough a correction; which is normal; because of the new money coming in, fearing the result of inflation caused by the Federal Reserve, printing Trillion upon Trillion Dollar bills on autopilot; a Bitcoin at $300,000, may arrive sooner than later.
So is BITCOIN unstopable?
It's still early this year, Get free crypto on us. And get it now. You will thank us later.
Well, you do what you want. We are and have been IN, the crypto space as lovers since 2011. We are in no way financial advisors.
You should not take what we write here as a financial advice at all.
As a matter of fact, you take the risk to lose some or all your investment when you invest in crypto. So if you do, you do it 100% at your own risk. - Djamee
Djamee is the founder Djamee Models, The brand Suddedspikes© Author of Amazon "Quotes For A Wealthy Living." and several other Kindle books who have been listed on The Free Amazon Bestseller list, since 2012.
Djamee's most anticipated book Quotes For A Wealthy Living 2, will be available soon on Amazon, Teespring, Groove Digital marketplace.
To find out more go HERE
The proposed stimulus checks are part of COVID-19 relief bill that was rejected by The Senate at the time of publishing this post.
Seriously, is there a better way to get by during this pandemic, while all the politicians go back and forth taking hostage the American population?
It's like dangling a carrot at a donkey. It makes it move, but it's cruel if you don't end up giving it.
What you need to know about your stimulus check in a nutshell.
When the new complicated piece of legislation is signed and authorizes a $600 or $2000 or something in between, check to be deposited to your account; will it come come with certain conditions?
Is it yours to spend, save, invest or donate because it is not a loan. Is the IRS, Internal Revenue Services, expecting you to pay that amount back?
Well, there is this:
"Nothing in life is free." Not very motivating knowing that this it isn't a fact; but let's consider this for the sake of this blog entry.
You won't have to pay it back. In the event that you qualify to get it and you end up receiving it. The qualification is based on how much you earn. For example for the first stimulus check sent in 2020, it depended on your tax return of 2018 or 2019.
If your gross income was below $75,000, you'll get $1,200. If you and your spouse bring an adjusted income of $150,000, you'll get $2400.
What about the children? I'm glad you ask. Every qualified teen under 17, gets $500.
The payments decrease by $5 for every $100 dollars above the $75,000 / $150,000
You don't need to brave the cold and wait for days as if you would like to get a good spot at a BTS or Karry Wang Junkai of TFBOYS, concert.
Most banks have a button you can't miss, when you login to your online app. Or simply use the IRS tracking tool. If the IRS, doesn't have that record on file it might say "Pending."
You can speedup the process by submitting your banking information. The paper check version uses snail mail; you do the math.
Let see what some other countries have given their citizens monthly in comparison, shall we?
Amount equivalent in dollar currency per month:
Hong Kong: $1280
Germany: + - $7300
France: + - $7500
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