Met an institutional investor who asked me in a condescending tone, “Your 2 minute pitch, why should I buy BTC”. I asked him,”how many assets have you got in your $10bn portfolio that can’t be moved by any gvt decision anywhere” The rest of the discussion was “how he can buy it.”
@cryptomanran What guarantees are there that the government can’t seize, track, view or move bitcoin if they really wanted to?
@cryptomanran Obviously neither of you have heard that China has a government
@cryptomanran Great pitch/tweet. The flip-side: governments may not be able to move someone's bitcoin, but can ban it and make its value drop precipitously. e.g. have no doubt that were the US to ban bitcoin in 2018 its price would drop below $1000 in days.
@cryptomanran u didnt advice him to buy your shitcoin $zcl.. how does it performace btw
@cryptomanran Great answer, but posting the photo of the candles implies you actually think you were able to move the price with this 🤣
@cryptomanran So the "decentralized effect" still luring the big fishes. Perfect.
@cryptomanran Sigh. Bitcoin can't be altered by a government, the use can be regulated however. E.g queue China news in Jan
@cryptomanran Only issue he might have asked is ‘what if banks prevent cashing out from exchanges and wallets?’ Then bitcoin holders are fooked. Devils Advocate question?
@cryptomanran So you're telling us you're the reason for this pump?
@cryptomanran This is the main reason I started buying #Bitcoin. I work in healthcare and have almost no understanding of finance etc. and even I could figure out this basic concept which seems alien to people managing $10 billion funds? I just do not get it. Maybe someone can explain?
@cryptomanran $BTC not a good time for buying....
@cryptomanran has your asshole evolved to a point where its grown its own vocal chords and learnt to type?
@cryptomanran Maybe you should have said 'no don't buy BTC, buy XRP instead - it's the only coin about to cross over into real-world practical usage'
@cryptomanran @maxkeiser I would argue government decisions have a huge impact on the value of Bitcoin.
@cryptomanran @jeffreyrufino You are a brilliant man.
@cryptomanran If you need a good transparant OTC partner please check: blockfront.se Were located in Sweden and looking for clients.
@cryptomanran Wouldn't say can't be moved as gvt do create selloffs and rallies etc but can't control would be correct
@cryptomanran @maxkeiser It takes the same amount of effort to manage 10 billion worth of assets as 10 thousand worth of assets.
@cryptomanran It’s coming slowly but surely #BTC #Bitcoin
@cryptomanran A great value proposition for Bitcoin is this: Look at the total market of savings and investments which exist only to protect one’s wealth from taxes and confiscation... Because Bitcoin serves that purpose, only far better.
@cryptomanran @JonhaRichman you don't mind if i use that line right?