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That’s why I’ve introduced the Marijuana Justice Act of 2017, a bill that if passed will legalize marijuana at the federal level, and incentivize states to legalize it at the state level.
From Cory Booker For Senate
For decades, the failed War on Drugs has locked up millions of nonviolent drug offenders, especially for marijuana-related offenses. This has wasted human potential, torn apart families and communities, and squandered massive sums of taxpayer dollars.
Currently, over half of all drug arrests in the United States are due to marijuana—the majority for simple possession. Police now arrest more Americans for simple possession of marijuana than for all violent crimes—murder, sexual assault, and armed robbery—combined.
It’s time the federal government follow the lead of many of our states and our nation’s capital, and begin to take meaningful steps to reverse mass incarceration and address the gross injustices of the failed War on Drugs. It’s time to legalize marijuana in the United States of America.
That’s why I’ve introduced the Marijuana Justice Act of 2017, a bill that if passed will legalize marijuana at the federal level, and incentivize states to legalize it at the state level. The bill would also retroactively apply to those serving time in federal prison for marijuana-related offenses, providing for a judge’s review of their marijuana sentence.
If you agree that existing marijuana laws have unjustly contributed to our overflowing prison populations, please join me in supporting the Marijuana Justice Act of 2017 to legalize marijuana at the federal level.
Our federal marijuana laws have not made our country safer—in fact, by enforcing our existing marijuana laws on predominantly low-level, nonviolent offenders, police are forced to take away precious resources from fighting violent crime in our communities.
Marijuana-related offenses are also not enforced equally across race and class. It’s a disturbing fact that while blacks and whites use marijuana at similar rates, African Americans are almost 4 times more likely to be arrested for possession of marijuana.
The War on Drugs has failed all Americans, and has had a disproportionately devastating impact on Americans of color and the poor. Legalizing marijuana across our country is the right thing to do for public safety, and will reduce our overflowing prison population.
If you agree that our marijuana laws have been ineffective and that we can make our criminal justice system more just by legalizing marijuana, please join me in supporting the Marijuana Justice Act of 2017.
Thank you for your support.
Cory
Best explanation of soft fork and what it means for bitcoin price. There is no "free money" involved with "bitcoin cash"
https://www.google.com/amp/s/themerkle.com/bitcoin-cash-is-not-free-money/amp/
Also know India is not supporting Bitcoin cash.
43% approval of Segwit2 proposal. Looking good here.
http://www.coindesk.com/bip91-begins-bitcoins-miners-signal-segwit2x-scaling-proposal-early/
information about the possible split.
https://bitcoinmagazine.com/articles/bitcoin-miners-miss-first-bip-148-deadline/
Well know how the agreed upon adjustment to the possible "fork" soon. Everyone will be monitoring the adoption rate in the coming weeks. Once m/if it gets to critical mass and a split is avoided, expect a massive boom. Early indication is that all will be ok. The powers that be are looming at a plan that appeases both sides.
It's partially due to fallout after the flash crash two weeks ago. Also the scaling issue has something to do with it. I suspect it will creep back upwards. Crypto doesn't seem to fall for too long before rebounding.
Why not both! That way you remove bitcoin from open market (limiting supply) and benefit from price increase in both bitcoin and stock as a result! ??
Terence
Yeah once you confirm the transactions you should be able to purchase. When you buy it will take a about week for them to be delivered to your account(if you don't deposit the money).
Your welcome. Glad to be of some help. Be sure to read up on crypto daily as there are always stories developing.
Thebsmall transactions should occur inn48 business hours.
No min. Amount deposit. You sir have to deposit as you can buy crypto And it'll take about a week for the coins to show up in your wallet. When they do it will be at the price you paid a week earlier. If you deposit funds first the deposit takes a few days as well and when you buy coins it should should up very quickly. I've never done a deposit first however, thus this is my guess on depositing first. I always just buy coins without first depositing cash. Just an FYI
Once you complete a couple of transactions they can up your purchase limit. I would suggest putting cash into the account and then purchasing the coins at the opportune moment. Coinbase is reliable. Yes they have had issues when the demand goes super crazy but personally I have not been affected since I'm in a buy and hold pattern
Definitely interesting as congress recently voiced their opposition to providing the IRS with names etc. interesting it will be. I'm sure the government will eventually win out if crypto is to get acceptance in the USA. Just a matter of time.
IRS is trying to get the names of bitcoin owners. Not gonna happen for a while. They are moving/have to have it claimed as a capital gain.
Ethereum us over 2500% for the year.
It just took A bit as an owner dumped $30 million worth of ether on the market. It's recovering nicely how're and will begin to approach $400 again.
Discussion is that ethereum will become bigger than bitcoin. Think if bitcoin as email and ethereum as the Internet.
Super low volume today reminds me of when gbtc started trading. Low volume and wild swings as a result.
Just gbtc calibrating to bitcoin itself.
India to officially recognize and regulate Bitcoin. This should be interesting as I've believed all along is what's needed is for a major country in need to adopt bitcoin. India is the second most populous country on the planet. 1.2 billion. They recently took lots of their big bills out of circulation. If bitcoin is regulated and adopted, well....... hold on. Again this will be interesting!
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Slow steady boil upwards this week. Gbtc seems to going as bitcoin goes. It (bitcoin) may get close to $3000 this week. That's the If resistance for bitcoin. After that who knows what will happen.
More acceptance of bitcoin from Japan.
https://www.google.com/amp/s/themerkle.com/peach-airline-decides-to-accept-bitcoin-after-japan-recognizes-it-as-a-valid-currency/amp/
Ps
Litecoin will be available for trade on bitstamp on Monday. Should see a take off. People maybe snapping up litecoin this weekend before an anticipated run.
Yeah I see. It's about time for litecoin to make a run. Been trading sideways for a while. Also this week one of the leaders of coinbase resigned to works on litecoin. I am anticipating. A run soon as it comes tighter. It's got better use than bitcoin(less problems).
Cool. I started with ten coins back when it was $7 a coin. Wish I had loaded up back then. LoL
Ether has been flirting with $400 again recently. When it moved last time it moved like crazy from $10 to $50 and from $50-$100 and then to $200 and then $400. Don't expect movement daily or right away. It moves in spurts without warning. Also it's volatile but not as much as bitcoin in my opinion.
Just let it sit and Google ethereum daily to see the news and what's happening.
Oh ethereum is up over 4000% for the year. A few months ago it was less than $10 per token. Now it's approaching $400 for the second time.
Rather than convert. Just buy a ethereum token or three or four.
Ethereum has wider and more conventional use than bitcoin now. It's a system not just a form a payment.
It would depend upon whether or not the value of the new coins and classic ones. I can't speculate as that's beyond my knowledge or ability. Lol. Is it possible for both coins to have value? Yeah. But how much is the $64,000 question.
Anyone who holds bitcoins (meaning: their private keys) at the time of a split will receive coins on both (or all) sides of the chain.
This the gbtc trust will hold both bitcoins if a hard fork occurs. Theoretically no loss or value should occur. So if the current bitcoin become obsolete then the new one will have value and since gbtc owns those as well, stock price will continue to move with it.
Hope this helps.
Told you. Back up over 360. You're in the black again.
This is a trust not a typical business. It's value is derived on the value of bitcoin. As the value of bitcoin -perceived and real -changes so will the value of the trust.
If you want to invest in bitcoin but don't want to buy actual bitcoin then this is the way to go. No other mechanism. Investor have seen the returns of bitcoin and other alt currencies and want onboard. They are willing to pay a 40-50% premium as long as they believe the stock will go up. For example If you truly believe the stock will double in a year, do you care that you pay $220 or $350? That's how investors feel. Everyone wants on board. Where the Ceiling? I don't know.
That's the best reason I can give you.
Yeah you could see 360 by Monday or Tuesday if not sooner. lol
Doubt you see $120. Bitcoin support is $2200 so even if gbtc returns Zero premium that puts gbtc at $220. I don't doubt a further drop is coming but another run in inevitable.
Gbtc now trading at a 40% premium.
Price should start to move with bitcoin again now that its back in the normal premium trading range. I'm
Not expecting things to return to normal until Monday however. Tomorrow will be a typical Thursday and I'm expecting a selloff on Friday as usual.
Huge selloff just happened. No real rhyme or reason other than analyst insisted stock was headed for a downfall, etc.
Anyone else for any input? Board has gone quiet. Have all the traders left or sitting on the sidelines?
Typical Friday sell off and likely a correction. I'd expect a price increase Monday if bitcoin continues to increase over the weekend. It may hit $3000 by Monday at this rate. That would put some price pressure on GBTC
GBTC holds 174,174 bitcoins, according to the most recent regulatory filing.
No there is not one yet open to everyone. There supposedly is one for accredited investors only.
Why the Huge Premium for GBTC?
Potential investors are likely wondering why GBTC shares can be found at such a high premium over Bitcoin. The issue seems to lie in supply and demand. While Bitcoin demand has skyrocketed, GBTC has kept its shares outstanding close to 1.7 million in the two years that it has existed. In fact, the ETF seems unlikely to change the number of total outstanding shares in the future, according to the company's head of research, Ihor Dusaniwsky. He explains that "with the operational risk of buying and holding actual Bitcoins to support ETF creation very high, and difficult and expensive to insure, it is unlikely that GBTC's outstanding share amount will climb above 1.7 million anytime soon."
http://www.investopedia.com/news/why-buy-expensive-bitcoin-etf-instead-actual-bitcoin/
Remember only invest what you can afford to loose. #1 rule.
One reason is the potential return. It's not much different than a bond that pays above market interest. Would you be willing to pay more for bond that pays a high rate of interest compare to one that pays a lower rate of interest? If you're rational you would. As long as you see the potential to earn a profit you'll pay the premium up to a particular amount.
People believe the potential for bitcoin is very good to say the least. People are getting in at $300/$400$/$500 and earning a return that beats the S&P or some other conventional investment.
Where's the ceiling? That's the Magic question.
Nice. Hope it works out. I definitely don't hate and want everyone to proposer from bitcoin and altcoins
Be careful of bitcoin scams. Not saying that this is one as I don't know. At this point I don't know. I spend enough time figuring out what and how bitcoin and alrcoins work. I'm fine with 300-500% returns. Lol.