Jp morgan bitcoin bible

Jp morgan bitcoin bible DEFAULT

JPMorgan’s bitcoin bible: Crypto ‘unlikely to disappear’

At the same time, cryptocurrencies must overcome flaws and other considerations that present hurdles to their widespread adoption.

Here are the key takeaways from the 71-page report:

Cryptocurrencies are here to stay

Cryptocurrencies “are unlikely to disappear completely and could easily survive in varying forms and shapes among players who desire greater decentralization, peer-to-peer networks and anonymity, even as the latter is under threat,” JPMorgan said.

Read:Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination

Blockchain is the real deal

The power of blockchain from a storage and tracking perspective has vast potential. With both the data and access to the data encrypted, it offers security, which is in high demand. JPMorgan believes blockchain can assist banks in the areas of transparency, trade finance, and as a payment system.

The bank adds that the blockchain technology offers greater potential than cryptocurrencies, which are limited to a trading vehicle.

See:Vanguard’s chief economist: ‘Decent probability’ that bitcoin goes to zero

Bitcoin transactions are expensive

What is often an overlooked in the cost of buying or selling a financial security is its spread. This is predominantly because we live in a world that is flooded with liquidity. Whether it’s currencies, stocks, ETFs or futures, entering and exiting trades is cheap because spreads—the difference between the best bid and the best ask—are tight.

However, the spread investors face when buying and selling bitcoin remains expensive, which undercuts the argument that the digital currency can become a widely tradable asset.

The average spread to buy 10 bitcoin BTCUSD, in U.S. dollar terms is 2%. This means, if bitcoin is trading at $8,000, an investor could buy or sell 10 bitcoin with a spread of $7,920 / $8,080. Compare this to a widely traded currency, ETF or stock, which is transacted with a spread under well under 0.1%.

CryptoWatch: Check bitcoin and cryptocurrency prices, performance and market capitalization, in one dashboard

Volatility

Bitcoin is volatile. Like, very volatile. While volatility can be a trader’s best friend, to those who are hoping for widespread adaptation, wild price moves are unwelcome. If large institutional investors are to begin using bitcoin, it will have to mature as a market and that means reduced volatility and tighter spreads.

“Based on its historical performance, [Cryptocurrencies] can be 10 times more volatile than core assets like stocks, or than portfolio hedges, like commodities,” JPMorgan said.

Lack of coordinated regulation

While U.S. regulators are moving to work together with Congress, JPMorgan noted that regulations vary widely from country to country and there’s been no coordinated effort in place to create a universal set of rules.

“So far, there is little global coordination on cybercurrency regulation,” JPMorgan said.

In many countries, trading bitcoin is banned, and in some countries like South Korea, capital controls see bitcoin trading at a large premium or discount.

While JPMorgan’s overall narrative is that cryptocurrencies are here to stay, they argue that the notion they are going to challenge the gold market or become a global currency remains a distant dream.

“It will be extremely hard for [cryptocurrencies] to displace and compete with government-issued currencies, as dollars to euros and yuan are virtual natural monopolies in their regions and will not easily give up their seigniorage profits,” JPMorgan said.

Sours: https://www.marketwatch.com/story/jpmorgans-bitcoin-bible-crypto-unlikely-to-disappear-2018-02-12

Last night the JP Morgan Bitcoin Bible was published for its private clients by JP Morgan Markets.

The Bitcoin Bible, or “Cryptobible” was first reported by Zero Hedge.

The Cryptobible is 71 pages of analysis and evaluation of the cryptocurrency market, Bitcoin, Ether, Bitcoin Cash, Ripple/XRP and other crypto assets and cryptocurrencies.

The report should be of great interest to anyone who has followed the comments by JP Morgan’s CEO Jamie Dimon about Bitcoin being a fraud and others’ comments at the firm about Bitcoin being a pyramid scheme.

Quotes from the Bitcoin Bible

I found out about the report from Zero Hedge, which has access to it. Some quotes via “Zero Hedge”:

“We believe the potential disruption from Blockchain cannot be ignored.”

“Technical signals can be very useful in gauging market direction and they have been sending the right signals in recent months…”

“We do not see cryptocurrencies competing with central bank-issued money for lawful transactions.”

“Some EMs (emerging markets), such as Venezuela and Russia, appear to be considering issuing CCs (cryptocurrencies) as a way to improve international funding and evade U.S. sanctions.”

“We examine the potential role of CCs in terms of offering diversification in a global portfolio, given both their high returns over the past several years and their low correlation with the major asset classes, offsetting some of the cost of high volatility. 

“CCs could potentially have a role in diversifying one’s global bond and equity portfolio. But in our view, that is a big if given the astronomic returns and volatilities of the past few years.”

“If CCs survive the next few years and remain part of the global market, then they will likely have exited their current speculative phase and would then have more normal returns, volatilities (both much lower) and correlations (more like that of other zero-return assets such as gold and JPY (Japanese Yen)).

 

Sours: https://midlifecroesus.com/2018/02/jpmorgan-bitcoin-bible-add-cryptos-your-portfolio/
  1. Norris nuts ages
  2. Female torso drawing
  3. Cheap bulk dog tags
  4. Cam lock disconnect switch

Introduction

Invest.lk News (Pvt) Ltd [PV 79036] (herein after referred to as “the Company”) provides you, its services via its website (herein after referred to as “Website”) under the following conditions.

Please read the following terms carefully. If you do not agree to the following Terms & Conditions you  may not use this Website. If you continue to browse and use this Website you are agreeing to comply with and be bound by the following Terms and Conditions of use, which together with our privacy policy governs the Website and its use by you.

 

  1. Information on the Website

While every effort is made to update the information contained on this Website, neither the Company nor any third party or data or content provider make any representations or warranties, whether express, implied in law or residual, as to the sequence, accuracy, completeness or reliability of information, opinions, any pricing information, research information, data and/or content contained on the Website (including but not limited to any information which may be provided by any third party or data or content providers) and shall not be bound in any manner by any information contained on the Website. The Company reserves the right at any time to change or discontinue without notice, any aspect or feature of this Website. No information shall be construed as advice and information is offered for information purposes only and is not intended for trading purposes. You and your company rely on the information contained on this Website at your own risk. If you find an error or omission at this site, please let us know.

 

  1. Trade Marks

The trade marks, names, logos and service marks (collectively “trademarks”) displayed on this Website are all registered and unregistered trademarks of the Company. Nothing contained on this Website should be construed as granting any license or right to use any trade mark without the prior written permission of the Company.

 

  1. External Links

Where content is from external websites we will indicate the source and/or provide external links. Theses external links are beyond the control of the Company and no representation is made as to their content. Use or reliance on any external links and the content thereon provided is at your own risk. When visiting external links you must refer to the terms and conditions of use for that external website. No hypertext links shall be created from any website controlled by you or otherwise to this Website without the express prior written permission of the the Company. Please contact us if you would like to link to this Website or would like to request a link to your website.

 

  1. Public Forums and User Submissions

The Company is not responsible for any material submitted to the public areas by you (which include Classifieds Ads, or any other public area found on the Website. Any material (whether submitted by you or any other user) is not endorsed, reviewed or approved by the Company. The Company reserves the right to remove any material submitted or posted by you in the public areas, without notice to you, if it becomes aware and determines, in its sole and absolute discretion that you are or there is the likelihood that you may, including but not limited to

  1. defame, abuse, harass, stalk, threaten or otherwise violate the rights of other users or any third parties;
  2. publish, post, distribute or disseminate any defamatory, obscene, indecent or unlawful material or information;
  3. post or upload files that contain viruses, corrupted files or any other similar software or programs that may damage the operation of the Company and/or a third party computer system and/or network;
  4. violate any copyright, trade mark, other applicable laws in Sri Lanka or international or intellectual property rights of the Company or any other third party;
  5. submit content containing marketing or promotional material which is intended to solicit business.

 

  1. Membership

This Website is not available to users under the age of 18, outside the demographic target, or to any members previously banned by the Company. By using this Website, you acknowledge that you are of legal age to form a binding contract and are not a person barred from receiving services under the laws of Sri Lanka or other applicable jurisdiction. You agree to provide true and accurate information about yourself when requested by this Website. If you provide any information that is untrue, inaccurate, or incomplete, the Company has the right to suspend or terminate your ad and refuse future use of its services.

 

  1. Cancellation Due To Errors

The Company has the right to cancel a transaction at anytime due to typographical or unforeseen errors that results in the product(s)/service(s) on the site being listed inaccurately (having the wrong price or descriptions etc.). In the event a cancellation occurs and payment for the product(s)/service(s) has been received, the Comapny shall issue a full refund for the product / service in the amount in question. Additionally, you can cancel your transaction during the processing phase.

 

  1. Specific Use

You further agree not to use the Website to send or post any message or material that is unlawful, harassing, defamatory, abusive, indecent, threatening, harmful, vulgar, obscene, sexually orientated, racially offensive, profane, pornographic or violates any applicable law and you hereby indemnify the Company against any loss, liability, damage or expense of whatever nature which the Company or any third party may suffer which is caused by or attributable to, whether directly or indirectly, your use of the Website to send or post any such message or material.

 

  1. Warranties

The Company makes no warranties, representations, statements or guarantees (whether express, implied in law or residual) regarding the Website, the information contained on the Website, you or your personal information or material and information transmitted over our system.

 

  1. Disclaimer of Liability

The Company shall not be responsible for and disclaims all liability for any loss, liability, damage (whether direct, indirect or consequential), personal injury or expense of any nature whatsoever which may be suffered by you or any third party (including your company). due to a result of or which may be attributable, directly or indirectly, to your access and use of the Website, any information contained on the Website, you or your classified Ad’s information or material and information transmitted over our system. In particular, neither the Company nor any third party or data or content provider shall be liable in any way to you or to any other person, firm or corporation whatsoever for any loss, liability, damage (whether direct or consequential), personal injury or expense of any nature whatsoever arising from any delays, inaccuracies, errors in, or omission of any share price information or the transmission thereof, or for any actions taken in reliance thereon or occasioned thereby or by reason of non-performance or interruption, or termination thereof.

 

  1. Indemnity

The user agrees to indemnify and not hold the Company (and its employees, directors, suppliers, subsidiaries, joint ventures, and legal partners) to negligence or wrongful conduct from any claim or demand, including reasonable attorneys’ fees from and against all losses, expenses, damages and costs resulting from any violation of these terms and conditions or any activity related to classified advertisement material and information.

  1. Use of the Website

The Company does not make any warranty or representation that information on the Website is appropriate for use in any jurisdiction (Democratic Socialist Republic of Sri Lanka). By accessing the Website, you warrant and represent to the Company that you are legally entitled to do so and to make use of information made available via the Website.

  1. General
  1. Entire Agreemen:. These Website terms and conditions constitute the sole record of the agreement between you and the Company in relation to your use of the Website. Neither you nor the Company shall be bound by any expressed or implied representation, warranty, or promise not recorded herein. Unless otherwise specifically stated, these Website terms and conditions supersede and replace all prior commitments, undertakings or representations, whether written or oral, between you and the Company in respect of your use of the Website.
  2. Alteratio:. the Company may at any time modify any relevant terms and conditions, policies or notices. You acknowledge that by visiting the Website from time to time, you shall become bound to the current version of the relevant terms and conditions (the “current version”) and, unless stated in the current version, all previous versions shall be superseded by the current version. You shall be responsible for reviewing the current version each time you visit the Website.
  3. Conflict: Where any conflict or contradiction appears between the provisions of these Website terms and conditions and any other relevant terms and conditions, policies or notices, the other relevant terms and conditions, policies or notices which relate specifically to a particular section or module of the Website shall prevail in respect of your use of the relevant section or module of the Website.
  4. Cession: The Company shall be entitled to cede, assign and delegate all or any of its rights and obligations in terms of any relevant terms and conditions, policies and notices to any third party.
  5. Severability: All provisions of any relevant terms and conditions, policies and notices are, notwithstanding the manner in which they have been grouped together or linked grammatically, severable from each other. Any provision of any relevant terms and conditions, policies and notices, which is or becomes unenforceable in any jurisdiction, whether due to void, invalidity, illegality, unlawfulness or for any reason whatever, shall, in such jurisdiction only and only to the extent that it is so unenforceable, be treated as pro non-script and the remaining provisions of any relevant terms and conditions, policies and notices shall remain in full force and effect.
  6. Applicable laws: Any relevant terms and conditions, policies and notices shall be governed by and construed in accordance with the laws of Sri Lanka without giving effect to any principles of conflict of law. You hereby consent to the exclusive jurisdiction of the Court of law of the Democratic Socialist Republic of Sri Lanka in respect of any disputes arising in connection with the Website, or any relevant terms and conditions, policies and notices or any matter related to or in connection therewith.
  7. Comments or Questions: If you have any questions, comments or concerns arising from the Website, the privacy policy or any other relevant terms and conditions, policies and notices or the way in which we are handling your personal information please contact us.

 

  1. Termination

These terms and conditions are applicable to you upon your accessing the Website and/or booking and posting an Ad online. These terms and conditions, or any of them, may be modified or terminated by the Company without notice at any time for any reason. The provisions relating to Copyrights and Trademarks, Disclaimer, Claims, Limitation of Liability, Indemnification, Applicable Laws, Arbitration and General, shall survive any termination.

Sours: https://www.invest.lk/jpmorgans-bitcoin-bible-crypto-unlikely-disappear/

JPMorgan’s 'Bitcoin Bible': Cryptocurrencies here to stay

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has sure come a long way on his bitcoin stance — by first calling the cryptocurrency a “fraud” to saying “blockchain is real” to now releasing what some are calling the “Bitcoin Bible” for investors — all in less than five months' time.

The 71-page pamphlet, which was released Monday, details everything from the technology of cryptocurrencies, to their applications and challenges.

According to the report, the “extremely rapid growth” and “falls” of various digital currencies over the last several months have forced not only JPMorgan Chase but all market participants to closely monitor and understand this new market.

“[Cryptocurrencies] are unlikely to disappear completely and could easily survive in varying forms and shapes among players who desire greater decentralization, peer-to-peer networks and anonymity, even as the latter is under threat,” the report said, adding that the underlying technology could have the greatest application in area where current payment systems are slow.

Today, there are over 1,500 cryptocurrencies with a market cap of $400 billion, with bitcoin being the largest representing a third of the market (around $140 billion), according to CoinMarketCap.

JPMorgan Chase said the biggest challenges ahead for digital currencies is that it will be extremely hard for them to displace and compete with government-issued currencies, “as dollars to euros and yuan are virtual natural monopolies in their regions and will not easily give up their seigniorage profits.”

More on this...

Additionally, cryptocurrencies are experiencing heightened volatility and will face continued challenges from both a technology standpoint from rising mining costs and hacking to regulators who are concerned about anti-money laundering and investor protection.

Last October, a month after calling bitcoin a “fraud,” Dimon blasted the digital currency again at the Institute of International Finance conference, saying, “If you’re stupid enough to buy it, you will pay the price for it one day.”

But in January, Dimon backpedaled his previous comments in an interview with FOX Business’ Maria Bartiromo saying he regrets making those statements and admits that “blockchain is real.”

Bitcoin is up over 2.41% to $8,615.19 on Monday.

Sours: https://www.foxbusiness.com/features/jpmorgans-bitcoin-bible-cryptocurrencies-here-to-stay

Bible bitcoin jp morgan

And when I already grabbed the door handle, Olga generally struck me down and almost put me into a state of. Shock by kneeling down, she deftly pulled the codpiece's zipper and no less dexterously pulled out my tired, sleeping penis. But her hot mouth and skillful tongue worked a miracle, raising my barely alive, eagle "to the combat post. My penis then for two more days signaled to me that he had been to paradise.

Yes, Olya's mouth is like a gateway to paradise.

🔴 JP Morgan: Bitcoin is Better Than Gold - This Week in Crypto – Oct 11, 2021

Wife of a harem favorite. Her second mother Christina (she, like most girls from poor families, was conceived by mixing two female DNA in the temple of Zeus), did not remember very. Well.

You will also like:

Exactly, I definitely won't. I have long imagined you in bed with another man, your loud moans, your wet vagina filled with someone else's sperm, eyes burning with excitement. - Well, I'll tell you one case, but you must somehow interest me, because not every day wife confesses to her husband in treason.

What would you like dear. - A ring with an emerald, I saw one unusual thing in our jewelry.



7021 7022 7023 7024 7025