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Ren's old crypto thread || we know how to buy this stuff now (5 Viewers)

There is fear in the market over countries regulating crypto.  This market will suck until all this is washed out. 

 
What is the best way to get funds into these accounts the fastest? I have uphold, bianance, coinbase and they all seem to take 5 days of pending 

 
gldnflash23 said:
What is the best way to get funds into these accounts the fastest? I have uphold, bianance, coinbase and they all seem to take 5 days of pending 
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Wire xfer.  It’s best to just move cash there.  Then use gdax to limit buy as you choose.  They are both fdic insured for holding cash so it’s fine to do so.

 
Hilts said:
I'm surprised they're pissing money into this sinkhole instead of just putting it all in bonds. Have they talked to FC42?
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Just curious, since every post of mine in the last few months has indicated rates are going up, do you know what that means for bonds? Next time understand facts before trying to insult someone :shrug:

 
I got out of my ETH and BAT over the weekend at a small loss. They definitely still have potential to blow up and have us all pushing Lambos...but I don't like the uncertainty regarding regulation and how much influence governments worldwide have on cryptos. I'll jump in later....maybe.

 
https://cointelegraph.com/news/jp-morgan-sees-crypto-as-competition-and-risk-to-its-business-in-sec-annual-report/

J.P. Morgan Chase has added a segment on cryptocurrencies to the “Risk Factor” section of their 2017 annual report to the US Securities and Exchange Commission (SEC), filed yesterday, Feb. 27.

The annual report mentions cryptocurrencies under the “Competition” subsection when describing how new competitors have emerged that threaten J.P. Morgan’s operations:

“Both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation.”

The report notes that these new technologies, evidently including Blockchain, although they don’t mention it by name, “could require JPMorgan Chase to spend more to modify or adapt its products to attract and retain clients and customers or to match products and services offered by its competitors, including technology companies.”

This competition could potentially “put downward pressure on prices and fees for JPMorgan Chase’s products and services or may cause JPMorgan Chase to lose market share.”

Last week, Bank of America’s (BOA) released their SEC annual report that also contained a mention of cryptocurrencies as a threat to their business, with the risk of competition described in very similar terms: “the widespread adoption of new technologies, including internet services, cryptocurrencies and payment systems, could require substantial expenditures to modify or adapt our existing products and services.”

J.P. Morgan Chase CEO Jamie Dimon had made waves back in September 2017, when he called Bitcoin (BTC) a “fraud” and threatened to fire any employee that traded BTC on company accounts. Since then, Dimon has backtracked slightly, telling a Cointelegraph reporter at the Davos World Economic Forum that he is not a “skeptic” on cryptocurrencies.

In the beginning of February, an alleged internal report from J.P. Morgan Chase referred to cryptocurrencies as “innovative” and “unlikely to disappear” , also noting cryptocurrency’s potential to be successfully applied to payment system areas that are traditionally problematic or slow, such as cross-border payments.

https://giphy.com/gifs/laughing-evil-hank-hill-11oRLY4FRk2s36

 
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