Reddit No Longer Cares About The Price Of Bitcoin And Thats Bad


Anglo American added 62p to £27.83, Glencore rose 6.15p to 278.15p and Rio Tinto gained 77p to £54.22. In company news, Halma was among the top risers on the benchmark after the medical equipment provider upped its profit guidance having made “good progress” in the second half of the financial year. It now expects adjusted pre-tax profit to be in line with last year’s £267m, better than previous predictions of a 5pc fall. Halma said revenue has grown in its four regions, with the strongest performance seen in Asia Pacific. On the FTSE 250, Softcat shot up 226p to £17.85, making it the second biggest gainer on the mid-cap index following Gamesys. The IT firm said gross profits increased by a fifth to £134.5m, as revenues boosted 10pc to £577m for the six months to January. Meanwhile, house-builder Bellway lost 79p to £34.13 as it revealed another £20m charge to deal with cladding issues, while also posting a 4pc decline in half-year profits to £280.2m. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit early last month.

  • Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit.
  • But bitcoin isn’t “weird” any more and its “magic” is being dissolved by corporate interests.
  • I know this sub has been talking about this a ton, a few top page posts saying what an unreliable source these guys are.
  • Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement.
  • “At the end of the day, the SEC probably can’t do anything because we’re not talking about a security.

The purchases spanning 72 hours would have had to start during the final days of December if TSLAinsider’s timeline were accurate. His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik. Tesla stunned Wall Street on Monday when it revealed it had acquired $1.5 billion in bitcoin to “further diversify and maximize returns” for the cash on its balance sheet. Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars. The user posted a link to the Post’s story and appeared to corroborate it. The cryptocurrency bitcoin has just hit a record high and is poised to rise even further. The power of social media users on forums such as Reddit’s WallStreetBets to band together and move prices has come into focus in recent weeks after a surge of retail buying helped fuel wild rides in shares of GameStop and other so-called meme stocks.

Bitcoin

If you choose to use our Website and Services to communicate directly with a company or individual, such communication may be shared accordingly. I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year. reddit bitcoin If it goes to $5,000 I make decent money if not my losses are capped. ICON is a platform that is intended to facilitate interactions between independent blockchains. Coincheck is a Tokyo-based cryptocurrency exchange and digital wallet founded in 2014.
reddit bitcoin
Rakesh Sharma is a writer with 8+ years of experience about the intersection between technology and business. Rakesh is an expert in investing, business, blockchain, and cryptocurrencies. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure. “Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday. Hendrik provided The Post with a screenshot showing himself logged into the TSLAinsider Reddit account, which triumphantly posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement. Intel CEO Pat Gelsinger offers an update tone on the company’s relationship with Apple. Jefferies Financial Group delivered record quarterly earnings results on Wednesday after the closing bell, with increased market share across its lines of business.
Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, appeared to remove the post. It’s unclear why the original poster, who we now know is a German national named “Hendrik,” decided to come clean about the post. Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. Bitcoin’s subsequent sell-off throughout 2018 saw bitcoin mentions fall along with the price. Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience.

Meaning Of Trading In Bitcoins

A Reddit user claiming to be a Tesla insider appeared to announce the carmaker’s purchase of bitcoin a month ago, according to a January post on the social media site that said Elon Musk’s electric car firm had bought $800m worth of the cryptocurrency. A Reddit user claiming to be a software developer at Tesla posted that the company had bought bitcoin more than a month before Tesla CEO Elon Musk formally announced it. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2.
reddit bitcoin
This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Please refer to the date at the top of this page to determine when this Policy was last revised. Any changes to our Privacy Policy will become effective upon posting of the revised policy on the Website. By continuing to use our Website and Services following such changes, you will be deemed to have agreed to such changes. For non-EU/Swiss residents, if you would https://forexhistory.info/brokers/beaxy-exchange-overview like to know what personal information we have about you, you can send an e-mail to We will be in contact with you to verify your identity and provide you the information you request. We will respond within 30 days to your request for access to your personal information. In some cases, we may not be able to remove your personal information, in which case we will let you know if we are unable to do so and why. If you would like to correct or update your personal information, you can manage your profile and subscriptions through our Privacy Center under the “My Account” dashboard.
Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space. Notably, Michael favors government regulation and is also one of the first to denounce the privacy and censorship resistance aspects of BTC . The operators of such other websites may collect information about you, including through cookies or other technologies. If you are using our Website or Services and click a link to another site, you will leave our Website and this Policy will not apply to your use of and activity on those other sites. We encourage you to read the legal notices posted on those sites, including their privacy policies. We are not responsible for the data collection and use practices of such other sites. This Policy applies solely to the information collected in connection with your use of our Website and Services and does not apply to any practices conducted offline or in connection with any other websites.

Books About Bitcoin That You Should Read In 2020

I know this sub has been talking about this a ton, a few top page posts saying what an unreliable source these guys are. Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. The company also stated that the app lowers the merchant charges and transfer fees associated with digital payments. According to Bottlepay, beaxy crypto exchange a user needs only to tweet for the feature to send a specific amount of sats to another user’s account. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. The United States Dollar accounts for 80% of the world’s transactions whereas it only contributes to 25% of global gross domestic product.

Oil prices bounced back on Tuesday, partly due to the blockage of the Suez Canal, a key transit route for the commodity. Brent crude shot up more than 5pc to $64.3 a barrel over fears disrupted shipments could put oil supply under pressure, and as “bargain hunters swooped in to snap up the relatively cheap contracts”, said David Madden, analyst at CMC Markets. It came after oil fell to its lowest mark in over a month on Monday on concern tighter coronavirus restrictions in Europe would dampen demand from key industries like aviation. Figures last week reported stockpiles of 2.4m barrels, suggesting that “refineries are working their way through the backlog caused by the big freeze”, said Madden. Some analysts suggest bitcoin auto trading a slowing increase in stockpiles, which comes as travel starts to rebound in the US, could help crude oil rally to fresh highs. Heavyweights BP and Royal Dutch Shell gained on the expectation, adding 5.8p to 301.55p and 27p to £14.63 respectively. BP’s gains come despite Moody’s downgrading the oil giant from its highest rating. The gains helped to lift London’s markets higher after a shaky start to the week, with the benchmark FTSE 100 adding 13.7 points to 6,712.89 and the FTSE 250 closing up 70.78 points to 21,402.54. Energy and mining stocks helped lead the benchmark after data showed a better-than-expected rebound in British business activity in March with services increasing at the fastest rate since August.

Reddit No Longer Cares About The Price Of Bitcoin And Thats Bad

GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January. GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales. Grapevine, Texas-based GameStop’s shares have skyrocketed this year as retail traders bet against Wall Street hedge funds that had shorted the stock. The investment bank responds to complaints of a long-hours culture, while rival Citi starts Zoom-free Fridays. Private sector PMIs, Eurozone consumer confidence, and COVID-19 news in focus in the day ahead. Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement. The cryptocurrency traded 0.10% higher at $46,392.83 at press-time. Civil insider trading cases typically hold tippers to a standard of benefitting from the sharing of information.
A German prankster claims that he was behind a mysterious Reddit post last month that appeared to anticipate Tesla’s blockbuster bitcoin buy this week — and that he was on LSD when he did it, The Post has learned. As the post was focused on bitcoin, the tipper may benefit from a grey area in oversight and enforcement, as the US Securities and Exchange Commission does not treat the cryptocurrency as a security, one expert said. Reuters news agency could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original. Tesla did not immediately respond to an email to its press office. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price. Tesla said in its annual report published Monday that the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold.

The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run. “Nothing bolsters my faith in a currency like a crappy MS Paint doodle,” one Reddit user said of the ad when it was created. The ad was made by another still-somewhat-active Reddit user going by the name mavensbot. I write about how bitcoin, crypto and blockchain can change the world. The user told the New York Post late on Tuesday that he is in fact a prankster from Germany. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. About a week ago I signed up for Bitflyer as it seemed to be recommended to people living in Japan and submitted my personal info and JP bank account info.
Our new 0.3 release brings big quality of life improvements, including fully featured keyboard navigation, improved hotkeys, a depth chart module, a clock module, longer-lasting user sessions, new config options and more.
Bitcoin’s best value proposition is its scarcity and perceived demand. However, these are the same characteristics that have turned it into another tool of Wall Street as a commodity. In 2020, we heard about the multitude of Wall Street institutions jumping on the bandwagon. Within a six month period, commonly recognized names such Square, Paypal, Mass Mutual and most recently Tesla/Elon Musk announced their BTC purchases. These public pronouncements only serve one purpose, to induce fomo and more buying so as to keep driving up the price.
You should keep in mind that no Internet transmission is ever 100% secure or error-free. Where you use log-in credentials on our Website, please remember that it is your responsibility to safeguard them. If you believe that your log-in credentials bitcoin auto trading have been compromised, please contact us at Your information may also be shared to parties who support our business, such as professional advisors as well as web-hosting providers, analytics providers and other information technology providers.
From an investment perspective, people were rewarded for hoarding USD as a savings over the last few decades. We now know that the monetary policy behind USD is fatally flawed. We have already seen that governments will never condone private currencies that they cannot control. Securities and Exchange Commission regulations sparked reddit bitcoin outrage from privacy concerned groups . Similar call for regulations were issued from Christine Lagarde of the European Central Bank and Janet Yellen, Secretary of the U.S. This will inevitably create an environment of colored coins, effectively splitting BTC into a class system of “white-listed” vs. “colored” bitcoins.

That may put the Reddit users in a rare and relatively untested legal area of criminal but not civil liability, Wolfe said. “At the end of the day, the SEC probably can’t do anything because we’re not talking about a security. The Commodity Futures Trading Commission will undoubtedly be interested in this, but I don’t know they can satisfy the personal benefit test,” said Kurt Wolfe, an associate at Troutman Pepper. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure, with some even joking that Musk might have written it himself. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from the 24-year-old political science student stating he was “high on acid” when he wrote it. Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit. For better or worse bitcoin has outgrown this “weird” niche—the suits are firmly in control and the Big Money has arrived.

A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. Feb 9 – A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. – A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or insider knowledge, something which Reddit users were keen to figure out following a now-removed post from Jan. 2 by a user known only as Tslainsider. As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed.
If you would like to delete your account or remove your information from our Website and Services, send an e-mail to These features, when turned on, send a signal that you prefer that the website you are visiting not collect and use data regarding your online searching and browsing activities. As there is not yet a common understanding on how to interpret the DNT signal, we currently do not respond to DNT signals on our site. Pursuant to Section 1798.83 of the California Civil Code, our customers who are California residents have the right to request certain information regarding our disclosure of personal information to third parties for their direct marketing purposes. By subscribing to our website, you expressly consent to your information being processed in the United States. JD Supra takes reasonable and appropriate precautions to insure that user information is protected from loss, misuse and unauthorized access, disclosure, alteration and destruction. We restrict access to user information to those individuals who reasonably need access to perform their job functions, such as our third party email service, customer service personnel and technical staff.

Leave a Comment

O seu endereço de email não será publicado. Campos obrigatórios marcados com *

Realizamos entregas em todo o país!

X

Call Now

Não poda copiar conteúdos desta página.