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Today I onboarded 2 institutional investors

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I was invited to speak for ~30 CFOs and COOs of European Investments funds about Bitcoin and "Blockchain". It's a small sample group, but here are some takeaways people may find interesting:

  • Most of them were very surprised when they found out Bitcoin isn't primarily used by criminals and that it's not the protocol, but exchanges that are getting hacked. The influence of the media is strong.
  • Some of them read that Bitcoin is V1 and something else with better technology will emerge to overtake it. They thought they missed the boat on Bitcoin and were looking for this next thing. (I explained that most inventions can be copied by people working on projects with larger network effects)
  • The expectations of what Smart Contracts will do were huge.
  • Regulation is a big question mark to them and has held them back from getting involved.
  • They were very skeptical about "blockchain" (permissioned blockchains) because they didn't see immediate use cases of the database for their business.

2 CFOs came up to me after the presentation to tell me they literally just bought bitcoin after my talk to try it out. I never sell my audience on anything, they simply got excited (happens sometimes). I of course had to tell them to move their purchases into their own wallets.

It may not be their organisations putting in money, but it's a start. These people need simple education just as much as anyone out there. Without it, I don't see them getting involved in any way any time soon.

Edit: Some people are under the impression I’m making this up because account registration takes time. One of them used Revolut so I had to explain him he didn’t own his keys. The other was already registered with Coinbase but never followed through for some reason.

<!-- SC_ON --> submitted by /u/SamWouters
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my magic internet money story

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I first heard of bitcoin on Yahoo when the price reached more than $1,000 back in 2013. I read about Satoshi on Wikipedia and was fascinated by bitcoin. I considered buying bitcoin at the time but didn't really know where to buy. And later on, I saw prices going down more and more so I got scared and didn't buy any at the end.

Last year, I heard about bitcoin on Yahoo again, but the price was already at $4000. Wow, what a mistake. I should've bought back in 2014 when the prices were less than $1000. I FOMO in and bought at 4k using Coinbase and sold almost everything at 16k, I was lucky at timing the market.

I am not making that mistake again from 2014. I have been buying again at 9k, 8k, 7k and today at 6k. And I sure as hell will keep buying at 5K and 4K.

The next halving event will be here again in 2 more years. Traders will anticipate this event and change the market. Bitcoin is deflationary relative to the USD because of block halving and fixed supply. Good luck everyone. Let's see what the future entails.

<!-- SC_ON --> submitted by /u/Yurion13
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Bitcoin accepted as rent in Boulder, Colorado

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Thought this was interesting. Is anyone paying rent in $BTC?

https://denver.craigslist.org/apa/d/sobo\-2b\-2b\-with\-garage\-pool/6613672716.html

<!-- SC_ON --> submitted by /u/seeksup
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Go UP damnit! I don't have any more to invest!

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I keep buying to help in my small part to carry the hard times, but I'm out for this month. Just go up already!
8-))

<!-- SC_ON --> submitted by /u/circular_file
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I'll be honest I was getting a little worried about this market and it's future until today

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When I saw the tether FUD plastered all over every subreddit 100x or more. Clearly we are having a perfectly manipulated market dip right now. I am now more confident then ever that we will start heading back the other direction eventually.

<!-- SC_ON --> submitted by /u/80sGamerKid
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This sub is turning into a support forum, just saying.

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It'll bounce! We are pioneers! Remember what a sunny day felt like! <insert confirmation bias>.

<!-- SC_ON --> submitted by /u/cpplinuxdude
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Don't be the product, buy the product!

Schweinderl