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Author Topic: Bitcoin Discussion  (Read 247544 times)

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #900 on: June 14, 2021, 12:22:32 AM »
Now, El Salvador becomes the first country that adopted Bitcoin as a legal payment transfer in these country, their society that live on the foreign country can easily to transfer Bitcoin in low cost and faster than wire transfer.

Hurray! El Salvador, where you can buy the entire country for 10 BTC. A very serious banana republic to consider when investing in BTC.

IMF warns of risks after El Salvador adopts bitcoin.
https://www.france24.com/en/live-news/20210610-imf-warns-of-risks-after-el-salvador-adopts-bitcoin.


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HumbleTrader
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They take the risk because Bitcoin prices always move up and down, but they still use the US dollar included legal currency because they don't have their own currency. maybe they will face a new problem due to legalized Bitcoin.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #901 on: June 14, 2021, 12:33:53 PM »
South Africa is looking for ways to regulate the crypto currency market in an effort to curb the growing number of crypto scams, which plague the most developed economy in Africa.

Late last year South Africa was shattered by the collapse of what is described as the countrys largest Ponzi scheme, run by scammers, who presumably traded with bitcoins. The scandal, along with other similar cases of fraud involving digital currencies, forced the local financial authorities to consider tighter and more specific rules for trading the crypto markets.

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #902 on: June 15, 2021, 12:18:58 AM »
Elon Musk again announcing if Tesla will accept Bitcoin again because there are confirmed clean energy usage in Bitcoin mining, there are many comments about this, some comment state if he wants to manipulate the price to push it up and sell Bitcoin later.

Offline oportunis

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Re: Bitcoin Discussion
« Reply #903 on: June 30, 2021, 10:08:48 PM »
Hi Humble, it seems you are still in denial :) https://www.trustnodes.com/2021/06/29/germany-opens-floodgates-to-bitcoin-investing
Get them while they are "cheap"...

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #904 on: June 30, 2021, 11:06:36 PM »
Another country seems already interesting to adopt Bitcoin to follow El Salvador, its country is Paraguay, based on the news, they present to legislating to adopt Bitcoin

https://www.aa.com.tr/en/americas/paraguay-to-present-legislation-in-july-to-adopt-bitcoin-official/2279571

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #905 on: July 20, 2021, 12:12:58 PM »
Oh the other hand, Japan seems keen on introducing new crypto regulations. The Financial Services Agency (FSA) and the Ministry of Finance are all involved in establishing brand new crypto regulatory frameworks.

Currently, the Ministry of Finance us upping its number of operatives, while the FSA is mainly working on the future of crypto regulations. The FSA also established a brand new division that will focus on crypto-related affairs, although we know nothing more of tis division, as of yet.

Offline ichamp

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Re: Bitcoin Discussion
« Reply #906 on: August 03, 2021, 08:03:48 PM »
Elon Musk again announcing if Tesla will accept Bitcoin again because there are confirmed clean energy usage in Bitcoin mining, there are many comments about this, some comment state if he wants to manipulate the price to push it up and sell Bitcoin later.

Tesla is still holding billions of dollar worth of bitcoin, not sure if it is for real or some rumors though.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #907 on: August 05, 2021, 12:47:27 PM »
I have heard nothing concrete about their holdings of Bitcoins.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #908 on: October 20, 2021, 03:46:27 PM »
I really wasn't expecting it to rally so much. It will reach 70k soon by the looks of it.

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #909 on: October 20, 2021, 08:56:20 PM »
I don't know for future Bitcoin will reach 70k or not, but I hear if the US get higher inflation rate, tapering off the Fed is only one way to trying control money circulation, another option is for the central bank to increase the interest rate to control inflation, it possible many investors looking safe-haven asset.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #910 on: October 21, 2021, 02:38:03 PM »
People seem convinced it will reach 100k this year, and while I think it is possible I don't think it will be as easy as they make it seem.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #911 on: October 26, 2021, 02:20:42 PM »
So the Chinese ban achieved very little on a global level, it turns out - Chinese miners and mining rig producers largely moved to the US, as well as Kazakhstan and Russia. Now the US has become the largest producer of Bitcoin in the world and look at how BTC's price is developing.

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #912 on: October 26, 2021, 10:49:02 PM »
I think Bitcoin is still unstoppable, in US government will have different regulations, it's not like in China officially banned crypto, in the US cryptocurrency regulation is still ongoing, a decentralized system in Bitcoin is different from fiat money that is controlled by the central bank. Bitcoin created in maximum supply, no more addition when all Bitcoin minted, while central bank they can print money when needed.

Offline diyforexskills

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Re: Bitcoin Discussion
« Reply #913 on: October 30, 2021, 06:25:40 AM »
Transaction Costs

A new study by MoneySuperMarket notes one single Bitcoin transaction draws a ton of electricity enough to "power the typical American home for six weeks." The problem is bigger than Bitcoin. Even the second most popular cryptocurrency, Ethereum (which plans to cut its energy draw by as much as 99% in 2022), still uses more power to perform a single transaction than it takes to make 100,000 VISA transactions.


 


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Offline fxopen78

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Re: Bitcoin Discussion
« Reply #914 on: October 31, 2021, 10:11:32 PM »
Cost electricity in Bitcoin maybe become a big problem because mining devices need high consumption electricity, Bitcoin still uses Proof of Work, but Ethereum already uses Proof of Stake, which more efficient for electricity cost.

 

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