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Author Topic: Bitcoin Discussion  (Read 118063 times)

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #570 on: May 22, 2019, 03:17:04 PM »
You can send BTC 100% , check it out: https://ibb.co/WBBJrPz

Hmmm... and you can withdraw your funds in BTC?

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HumbleTrader
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Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #571 on: May 22, 2019, 03:23:45 PM »
I don't understand the idea of depositing and withdrawing money in cryptocurrencies. Their prices fluctuate so quickly, you may lose half the deposit while you're still filling in your data.

Offline gpfwestie

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Re: Bitcoin Discussion
« Reply #572 on: May 22, 2019, 04:59:48 PM »
I'm not sure I understand the argument about using BTC to fund and withdraw a brokerage account. It's not like you do that with other stores of money you trade.

If I trade AU/USD for example I need neither Gold or USD to trade, my broker converts it into and out off whatever Fiat currency I chose when I opened the account (Normally GBP for me personally).

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #573 on: May 22, 2019, 05:03:49 PM »
I'm not sure I understand the argument about using BTC to fund and withdraw a brokerage account. It's not like you do that with other stores of money you trade.

If I trade AU/USD for example I need neither Gold or USD to trade, my broker converts it into and out off whatever Fiat currency I chose when I opened the account (Normally GBP for me personally).



Hello, gpfwestie.

Does your broker allow you to fund "and" withdraw funds from an account in BTC's?


Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline gpfwestie

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Re: Bitcoin Discussion
« Reply #574 on: May 22, 2019, 05:26:53 PM »
Hello, gpfwestie.

Does your broker allow you to fund "and" withdraw funds from an account in BTC's?

Regards,
HumbleTrader

Just checked. Using IG Markets the funding / withdraw options are Fiat only (card, paypal or bank transfer).

I'm not sure what the argument is though ? they don't accept Gold / Silver / Diamonds / Shirt Buttons either.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #575 on: May 22, 2019, 05:35:08 PM »
Hello, gpfwestie.

Does your broker allow you to fund "and" withdraw funds from an account in BTC's?

Regards,
HumbleTrader

Just checked. Using IG Markets the funding / withdraw options are Fiat only (card, paypal or bank transfer).

I'm not sure what the argument is though ? they don't accept Gold / Silver / Diamonds / Shirt Buttons either.


I guess you have a point if you consider BTC's as equating to "shirt buttons" when some of you consider BTC's a pervasive form of currency exchange, no questions asked. I guess indirectly, you have answered my query, BTC has a long way of being accepted as a form of universal payment, if ever... end of story.  ;)

Have a nice day.

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline oportunis

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Re: Bitcoin Discussion
« Reply #576 on: May 22, 2019, 05:43:41 PM »
You can send BTC 100% , check it out: https://ibb.co/WBBJrPz

Hmmm... and you can withdraw your funds in BTC?

Regards,
HumbleTrader

No withdrawal which is strange, because when you deposit you fill KYC and AML info, so the wallet you send is known that it's yours. They might add this option later, this is a new feature maybe few months old. So don't worry, we'll have it soon :) Maybe time to get in while BTC is below 10k? ;)

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #577 on: May 22, 2019, 06:35:40 PM »
You can send BTC 100% , check it out: https://ibb.co/WBBJrPz

Hmmm... and you can withdraw your funds in BTC?

Regards,
HumbleTrader

No withdrawal which is strange, because when you deposit you fill KYC and AML info, so the wallet you send is known that it's yours. They might add this option later, this is a new feature maybe few months old. So don't worry, we'll have it soon :) Maybe time to get in while BTC is below 10k? ;)

Doesn't sound like a legit operation that you can trade in BTC, deposit BTC but can't withdraw.  I am in no hurry to become a millionaire with dirty money which comes from illegal  activities and speculation driven by smart techies bulding the next bubble.


Regards,
HumbleTrader


We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline oportunis

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Re: Bitcoin Discussion
« Reply #578 on: May 22, 2019, 06:55:44 PM »
Haha, FIAT is the mother of dirty money and it filled all the bubbles we know so far. Crypto is pure in theory, but same old guys from FIAT are moving here, so all the bad things are from them... They just transferred their practices from FIAT to crypto. A corrupt person is a corrupt person, no matter where he sits, but at least here they can be traced easier. Crypto is transparent, the banks are not...

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #579 on: May 22, 2019, 10:21:57 PM »
Haha, FIAT is the mother of dirty money and it filled all the bubbles we know so far. Crypto is pure in theory, but same old guys from FIAT are moving here, so all the bad things are from them... They just transferred their practices from FIAT to crypto. A corrupt person is a corrupt person, no matter where he sits, but at least here they can be traced easier. Crypto is transparent, the banks are not...

I agree with the first part, if any reason crypto is surviving it is the money laundering aspect from wealthy individuals having their money offshore havens exposed ( Paradise Papers). As to the transparency of Crypto's, that is a long way off. If cryptos do survive, governments will require all wallets be registered with the owners clearly identified; this will be difficult but you never know: They still need to transfer information over communication satellites etc., which are government controlled but that is speculation on my part. I agree, that a crook is a crook, is a crook, no matter how you slice it.

I know you and other honest, law-abiding, crypto enthusiasts will declare any profits made in the sale of cryptos to your local government taxation office as required by law. :)

Enjoy your investment as it seeks the evasive moon shadows.  ;)

Regards,
HumbleTrader
« Last Edit: May 22, 2019, 10:40:22 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline gpfwestie

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Re: Bitcoin Discussion
« Reply #580 on: May 23, 2019, 02:26:20 PM »
Doesn't sound like a legit operation that you can trade in BTC, deposit BTC but can't withdraw.  I am in no hurry to become a millionaire with dirty money which comes from illegal  activities and speculation driven by smart techies bulding the next bubble.

I salute your principled stance. Most people would happily collect their wages / dividends / pensions from an investment and turn a blind eye to their principles.

For example, I shouldn't have money invested in defence (war profiteers) energy/mining (destroying the environment) and a whole host of others - but choose not to look too deeply into where my pension is invested  :'(

Offline oportunis

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Re: Bitcoin Discussion
« Reply #581 on: May 23, 2019, 07:16:20 PM »
Notable News:
CME Group Reports Record Bitcoin Future Volumes

CME Group, the leading regulated bitcoin futures exchange, continues its stellar month reporting multiple new records in their bitcoin futures product. As stated by an email sent out to CMEs clients, May is shaping up to be the strongest month ever for CME bitcoin futures...since launch in December 2017 we have traded over 1.6MM contracts (+8MM equivalent bitcoin) representing over $50BN in notional value ($4.2BN per month). Across the month of May, CME hit a record daily average of 14,000 contracts and on May 13th CME clocked in 33,677 contracts equivalent to $1.3 billion worth of BTC. This rally coincides with an all-time high number of unique accounts (greater than 2500) and bitcoin futures highest notional value comparison to gold futures.   

Why Does This Matter?

The diverse set of records hit by the CME group indicates a clear growth in institutional interest across multiple bodies. The all-time high in unique accounts signals a shift away from a marketplace dominated by a niche set of players. New entrants may be attracted to bitcoin futures exposure in response to the US-China trade war with China possibly depreciating the RMB as a method to increase exports. This May has been the bitcoin futures market most promising month reporting its highest comparison to gold futures. That said, even at its all-time high Bitcoin futures sat at only 2.5% of gold futures notional value.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #582 on: May 23, 2019, 09:33:58 PM »
Notable News:
CME Group Reports Record Bitcoin Future Volumes

CME Group, the leading regulated bitcoin futures exchange, continues its stellar month reporting multiple new records in their bitcoin futures product. As stated by an email sent out to CME’s clients, “May is shaping up to be the strongest month ever for CME bitcoin futures...since launch in December 2017 we have traded over 1.6MM contracts (+8MM equivalent bitcoin) representing over $50BN in notional value ($4.2BN per month).” Across the month of May, CME hit a record daily average of 14,000 contracts and on May 13th CME clocked in 33,677 contracts equivalent to $1.3 billion worth of BTC. This rally coincides with an all-time high number of unique accounts (greater than 2500) and bitcoin futures highest notional value comparison to gold futures.   

Why Does This Matter?

The diverse set of records hit by the CME group indicates a clear growth in institutional interest across multiple bodies. The all-time high in unique accounts signals a shift away from a marketplace dominated by a niche set of players. New entrants may be attracted to bitcoin futures exposure in response to the US-China trade war with China possibly depreciating the RMB as a method to increase exports. This May has been the bitcoin futures market most promising month reporting its highest comparison to gold futures. That said, even at its all-time high Bitcoin futures sat at only 2.5% of gold futures notional value.


Crypto Economist Says Bitcoin Price Not Safe Yet, Crash to $1K Possible – BTC, XRP, Ethereum, Litecoin, Stellar, Cardano, Tron, EOS, Binance Coin Forecasts


https://dailyhodl.com/2019/05/22/crypto-economist-says-bitcoin-price-not-safe-yet-crash-to-1k-possible-btc-xrp-ethereum-litecoin-stellar-cardano-tron-eos-binance-coin-forecasts/


Regards,
HumbleTrader

« Last Edit: May 23, 2019, 09:54:33 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline oportunis

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Re: Bitcoin Discussion
« Reply #583 on: May 24, 2019, 08:05:31 AM »
I would bet him that it will go to 10k before 1k, can someone arrange this  8)


Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #584 on: May 24, 2019, 10:25:28 AM »
I would bet him that it will go to 10k before 1k, can someone arrange this  8)

Your quite a bit "short": There is a much higher bet or should I say, "longer d*ck", who has placed a bet of 1 million. I guess your bet may make a "small" snack. Lol  :) :)


John McAfee will eat his d*ck if Bitcoin doesn't reach $1m by 2020

https://www.theinquirer.net/inquirer/news/3022195/john-mcafee-will-eat-his-own-penis-if-bitcoin-doesnt-go-above-usd1m-by-2020


Have a nice day... and keep your pants zipped.  ;)

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

 

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