Ways to raise capital for real estate investing…..

[Lance Thompson]

Congratulations to the 55 year old German named Hossein Ensan on winning the $10 Million dollar 1st Place Prize in the 2019 World Series of Poker last night……..The 2nd Place Prize??………$6 Million!……..The 9th Place Prize??……….$1 Million!…..Some of you good people are sitting there like “Well wait a minute…..The Final Table has 9 players…..You mean to tell me that if you make the Final Table at that tournament you’re a millionaire??”……..Yep!!…..And this isn't even counting the people that finished in 40th or 50th Place who probably took home $80,000 or $90,000.

Last year the 2018 1st Place Prize was $8.5 Million and the World Series 1st Place Prize will continue to grow & grow & grow & grow…….I imagine that probably 20-30 years from now the 1st Place Prize Winner will take home $100 Million…….That's an outstanding return on your investment for a $10,000 Buy-in.

 

https://www.usatoday.com/story/sports/2019/07/17/wsop-world-series-poker-hossein-ensan-55-claims-10-million-prize/1753572001/

[Lance Thompson]

Here's the Congressional hearing with the House Financial Services Committee and a gentleman by the name of David Marcus regarding congressional concerns about Facebook's Libra cryptocurrency which has yet to be launched. The hearing was 5 days ago on Wednesday, July 17th. Moreso than anything the thing that you're gonna gather from listening to the questions asked of Mr. Marcus is that there seems like there's more of a backlash against Facebook and the lack of trust toward Facebook than there is a distrust of cryptocurrencies in general.

Now some of you will have the same view regarding cryptocurrencies that many other advocates for this new form of technology have which is "Hell, they keep talking about how cryptocurrencies can be used for money laundering, drug-trafficking, human trafficking and all other kinds of crimes. What currency is used more for criminal transactions around the world than the U.S. dollar??……..If they can't stop the U.S. dollar from being used in the commission of illicit and criminal behavior what makes them think that they're ever going to be able to come up with a way to completely stop ANY currency from being used in committing crimes??"…….And to that I would say that you've got a point…..you've got a point.

Be advised that this hearing lasted for 6 hours so be sure to watch it when you've got some time on your hands. Enjoy.

 

[Lance Thompson]

For those who aspire to become professional poker players here's an hour & 1/2 long video from Mike Caro on "poker tells"……Check it out when you've got some time on your hands…..Enjoy.

 

[Lance Thompson]

A debate among a number of heavyweight financial officials at Bretton Woods New Hampshire which was the location for the first United Nations Monetary and Financial Conference back in 1944………….

[Lance Thompson]

Bakkt's CEO giving 3 reasons why he believes that today's launch of Bakkt's Bitcoin futures is a really big deal……………………….

 

https://cointelegraph.com/news/bakkt-ceo-3-reasons-why-todays-bitcoin-product-launch-is-a-big-deal

[Lance Thompson]

A CNBC interview from yesterday, Monday, October 7th regarding where the Securities & Exchange Commission currently are on their decision for a Bitcoin ETF. They're expected to make their decision known between now and next Monday, October 14th, 2019………..

[Lance Thompson]

Yeah…….Dr. Nouriel Roubini, Treasury Secretary Steve Mnuchin & President Trump have all publicly squawked about how Bitcoin is used to transact crimes committed by terrorists, money launderers and other criminals…..Well as it turns out Bitcoin transactions were actually used to track criminals who were paying for membership on a child pornography website on the dark web run by a 23 year old guy who lived in South Korea who has now been arrested and jailed. There are also 337 members of that website called Welcome To Video who were tracked when they paid for their memberships using Bitcoin and have now been arrested. I believe 93 of them lived here in the U.S. and 2 of the U.S. residents when notified by the FBI that they had been caught committed suicide…..(think both of them were here in the DC Area if I'm not mistaken). Is this actually what's going to turn it around for Bitcoin and cryptocurrencies??……Wish I knew…..but I am sure that this is the reason why Bitcoin is up +$75.00 today and I'm also sure that the FBI and other law enforcement agencies are quite pleased with how this Chainalysis software can be used as their ally to solve crimes committed using Bitcoin.

[Lance Thompson]

Yeah……………

Ran Nuener just brought the CEO of Chainalysis named Michael Gronager on the Crypto Trader show a few hours ago to talk about how Chainalysis assisted U.S. & South Korean law enforcement in tracking the payments in Bitcoin that helped lead to the takedown of the world's largest ever child pornography website. Right at the 19 minute & 7 second mark Mr. Gronager goes into deep detail about how cryptocurrencies & Chainalysis give law enforcement ways to catch criminals that they would never have if those criminals use cash instead.

 

https://www.youtube.com/watch?v=rGH8p3F4u7g&t=1463s

[Lance Thompson]

Is Bitcoin headed to $10,000?…….I don't know…..But what I DO know is this…..With it's current price of $8,264 it's definitely in an "uptrend" and I'm 10,000% sure that Bitcoin's role in helping to bustup and takedown that South Korean child pornography website has everything to do with the current uptrend. Don't look now brothers & sisters but Bitcoin may be headed upward toward "the point of no return" where 1 Bitcoin being available at a price below $10,000 may be a thing of the past….(a distant memory).

Facebook CEO & Founder Mark Zuckerburg will be testifying before Congress on Wednesday, October 23rd regarding Facebook's Libra digital currency plans (exactly 2 days from now) and don't think for a second that Bitcoin's role in busting that child pornography ring isn't gonna come up during that hearing as an excellent example of what Bitcoin can do to help solve crimes and catch criminals.

This may be IT y'all.

[Lance Thompson]

Yeah…….

Okay Bitcoin is up +$1,136 to $8,627 as I type up this message today on Friday after falling down as low as $7,482 yesterday on Thursday. You thought it was over and that it was about to capitulate down to $5,000…..$4,000 or $3,000 didn't you??………..I don't blame you, I DID TOO.

We all know from having seen movies like The Big Short, Margin Call and Wall Street that those big Wall Street banks DO talk to each other about what their next move is. But one thing that a real-life banker who came on Bloomberg a little while back said is that while them talking to each other was included in those movies, the thing to be aware of is those big banks and big institutions don't TRUST each other. They burn each other all the time.

I'm suspicious that that's what just went down with the latest dip & jump…..I think that a couple of institutions may have "faked each other out"……one of them dumped their Bitcoin that got brought up in huge blocks by another institution this morning driving it up over $1,000.

It's a dirty game out there y'all.

[Lance Thompson]

Where do governments around the world stand on cryptocurrencies?? Find out in the latest segment of Crypto Trader.

 

[Lance Thompson]

Big news y’all regarding a new software Chainalysis is launching called Chainalysis Kryptos which provides transparency into cryptocurrency markets and players so financial institutions can allay compliance concerns, better understand their current risk exposure, provide banking services to cryptocurrency businesses, and build foundations for expansion into the asset class.

This is huge…………………

https://www.prnewswire.com/news-releases/chainalysis-launches-kryptos-to-help-financial-institutions-uncover-cryptocurrency-opportunities-and-risks-300955788.html

[Lance Thompson]

Well will ya lookey here??…….In late 2017 China put a ban on all cyptocurrency exchanges on the Mainland and would allow no cryptocurrency to be purchased using the Chinese yuan…..Now that they're about to launch their own competing cryptocurrency they do a 180 degree about-face and came out a couple of days ago hailing Bitcoin as a successful example of blockchain technology.

They're a trip…………..And now several finance experts in the investing community here in the U.S. are asking on CNBC and Bloomberg if our government should launch a U.S. backed cryptocurrency to compete with China's new cryptocurrency. All of that after Trump trashed cryptocurrencies too in that tweet several months ago…….(which I still believe was mainly aimed at stopping Facebook from launching Libra after they banned Alex Jones of InfoWars and Milo Yiannopoulos from their social media platform…..those are 2 right-wing conservative conspiracy theorists who helped launch & promote a bunch of false conspiracy theories on his behalf back in 2015 and 2016……he's had a hard-on for sticking it to Facebook ever since they did that).

 

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-china-cryptocurrency-blockchain-price-latest-a9199566.html

[Lance Thompson]

And 6 days later, what do we have here?? This article just came out 3 hours ago……another 180 degree about-face…….Didn't President Trump and Treasury Secretary Mnuchin just say 3 or 4 months ago that cryptocurrencies are passing fads that will have disappeared 10 years from now and will no longer exist??………Boy, what a difference a 180 degree about-face from a competing government like China makes huh???

 

https://markets.businessinsider.com/news/stocks/the-federal-reserve-is-looking-into-developing-digital-currency-us-2019-11-1028705211

[Lance Thompson]

What caused the latest dip in the price of Bitcoin 2 days ago…….China comes out and praises blockchain technology, then when they see a surge in the price of Bitcoin they issue a new crackdown on cryptocurrency exchanges. Sounds to me like they don't know WHAT the hell to do. If they maintain their ban on cryptocurrency speculation and trading people will continue fleeing their country for other Asian countries like South Korea that embrace Bitcoin and cryptocurrency trading. They've got a serious problem. They've implemented their crackdown but other countries aren't following their lead so they have that fear of being left behind.

 

https://www.scmp.com/economy/china-economy/article/3039043/china-dampens-blockchain-fever-cryptocurrency-trading