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is it even worth it putting it in BTC when its going for 9k a coin? whats 500 gonna do for me?
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You’re gonna get the same % of return on your 500$ than if you bought a full BTC.
If you believe in Btc, but you can only put 500 at the moment, then i don’t see the problem. Unless i’m missing something?
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Research the other Coins or at least the major ones (BCH, ETH, XRP, LTC, EOS...etc) and also check out $RIOT listed on NASDAQ...it tracks BTC and the other coins as well.
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do you have regular income? can you afford to buy a little at a time? maybe 100 bucks a week?
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Backtest the bitcoin DCA calculator from December 2017 till today with buying $100 worth a week and you tel me if it’s worth investing in bitcoin.
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BTC is worth around $9600 right now. If you invested the full $9600 into it, then you would own a full BTC or 100% of 1 BTC. So if BTC moves up $1, then you would make 100% of that $1 in profit. Say you invested $4800 into it right now. $4800 is 50% of its current value at $9600. So then you would own 50% of a BTC. Then when BTC goes up $1, you would get 50% return which would be 50cents. This also applies if the stock value goes down. I hope im explaining this right.
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yes, absolutely.
my hysa is at a good amount as well as my retirement (roth ira and companies 401k) and i'm just dipping my feet into this so pardon for the stupid questions.
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y'all holding xrp for the long term?
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Xrp is trash but I’m sure someone else will disagree with me.
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btw I did what you said and plugged the numbers in the calculator and...
wow!
crypto is very volatile but I'm in it for the long term anyway.
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just saw this, I am truly an idiot FML.
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Plan now, new cycle bout start...2021 gonna be
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trying to dm you fapmaster
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I considered going into it because if the association with BOA.
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Just think how crazy it is that we are at an ACCUMULATION PHASE at 9k
Look at previous accumulation phases and see where that ride took it. % wise.
Look at previous accumulation phases and see where that ride took it. % wise.
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BTC below 9k 
. I’m hoping we keep getting a steady drop over the next few weeks.
. I’m hoping we keep getting a steady drop over the next few weeks.
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7200 please
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3000 please
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I'm lazy, did it halve yet?
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Acting Comptroller Of The ‘Cryptocurrency’ Brian Brooks To Unveil New Payments Charter
Brooks is quickly proving himself to be a maverick in his new role. Sparks jokingly described Brooks at the beginning of the interview as the Acting Comptroller of the Cryptocurrency based on his background from working at Coinbase and his focus on crypto at the OCC.
www.forbes.com
"Yesterday, the new Acting Comptroller of the Office of the Comptroller of the Currency (OCC) revealed to the American Bankers Association (ABA) about his plans to unveil a new national ‘Payments Charter 1.0’ in the fall of 2020. The OCC is the supervisory agency for federal bank charters, including institutions such as Wells FargoWFC and JPMorgan Chase
In the podcast yesterday, Acting Comptroller Brian Brooks sat down with Evan Sparks, the Editor-In-Chief of the American Banking Journal, and started off his interview by sharing, “It’s not clear that customers always want their financial services in a bundled form.” Brooks continued, “One of the reasons for a rise in FinTech is an unbundling that is happening.” Brooks is quickly proving himself to be a maverick in his new role. Sparks jokingly described Brooks at the beginning of the interview as the Acting Comptroller of the Cryptocurrency based on his background from working at Coinbase and his focus on crypto at the OCC. Coinbase is the largest cryptocurrency exchange in the U.S. with over 30 million users, as well as the former employer of Brooks, who worked there as Chief Legal Counsel.
In describing what customers want and the evolution of what ‘banking’ is today, Brooks went on to note that the OCC for decades has said that a bank is an institution that engages in any of the following three activities: lending, deposits, and payments. For those companies looking for a national licensing platform for their payments business, Brooks announced that in the Fall of 2020, the first version of a potential ‘Payments Charter’ would be unveiled by the OCC. Such a Charter would grant the institution a federal pre-emption, or a federal money transmitter license, eliminating the need to go to all 50 states and obtain a license to operate in each state.
Brooks notes that cheap deposits used by banks are less relevant for the more ‘tech-enabled’ FinTechs, where these cheap sources of lending are less relevant. ‘I don’t buy the argument that granting a special purpose charter is somehow an existential threat to the banks,’ says Brooks. Furthermore, Brooks notes that given how many of those in financial services are global businesses, it is harder for the U.S. to argue why these companies need licenses at the state, not federal, level.
So for Version 1.0 of the Payments Charter, Brooks laid out a national version of a state money transmission license that provides the advantage of a national platform with pre-emption from the states. In Version 2.0, approximately 18 months after roll-out, Brooks estimates that these institutions would then be able to have access to the Federal Reserve.
Last year, an article in Forbes predicted that 2020 would be the year when a showdown in court between the OCC and the states might occur on the OCC’s authority. Last October, the Southern District of New York ruled in favor of the New York Department of Financial Services (NYDFS) against the OCC last year.
Brooks argued yesterday on the podcast that, when the OCC has granted an entity a bank charter, this makes the institution eligible for FDIC insurance. He further went on to note that this did not mean the institution had to hold accounts protected by FDIC insurance, but simply by being eligible to do so under an OCC charter was the authority needed to provide a federal Payments license.
Ultimately, Brooks made clear he believes the bank charter has to evolve to fulfill the national mandate of his agency. He also touched on the Community Reinvestment Act (CRA), a law under which traditional banks must show efforts to meet the needs of low and moderate income neighborhoods. Brooks described the idea of applying something similar to these Payments Charters.
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Most of y'all gonna be mad 4th quarter 2021
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