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Author Topic: Bitcoin Discussion  (Read 184569 times)

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #735 on: June 02, 2020, 12:44:11 AM »
In terms of legality, bitcoin does not get legality in various countries, this is a phenomenon that arises from people who are dissatisfied with the current banking financial system. I'm not saying bitcoin is gold, but it's just like gold in terms of limited numbers in the world.

Is flat money no inflation? some cases give a signal when the money supply is overflowing, while the number of transactions does not increase, this can cause inflation.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #736 on: June 02, 2020, 12:49:04 AM »
In terms of legality, bitcoin does not get legality in various countries, this is a phenomenon that arises from people who are dissatisfied with the current banking financial system. I'm not saying bitcoin is gold, but it's just like gold in terms of limited numbers in the world.

Is flat money no inflation? some cases give a signal when the money supply is overflowing, while the number of transactions does not increase, this can cause inflation.

Come back to us when you can prove with factual, verified numbers, that BTC  appreciates as Gold does, relating to inflation. The rest is just sales pitches from those who peddle cryptos to the gullible.

Regards,
HumbleTrader



« Last Edit: June 02, 2020, 12:56:25 AM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #737 on: June 04, 2020, 02:14:13 PM »
The famous British financial technology company Revolut reported a surge in clients' trading in digital currencies. The official data released by the London based company showcased that the number of users who traded in April increased by 68%, a fact undoubtedly having its roots in the COVID-19 caused lock down.
People apparently started investing in it after the drop in price at the beginning of the pandemic. Whether that is sustainable in the long term remains to be seen.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #738 on: June 11, 2020, 10:51:42 PM »
Crypto exchange Quadriga was a fraud and the founder was running Ponzi scheme, OSC report finds.

https://www.cbc.ca/news/business/osc-quadriga-gerald-cotten-1.5607990

"The Quadriga cryptocurrency exchange that saw millions of dollars disappear just as its founder died was a "fraud" and Ponzi scheme, according to the Ontario Securities Commission."

The question that all cryptocurrency owners should be asking, "Is the money there?" I mean: Who sets up these exchanges anyway? Under what authority are they legal, inspected and controlled like banks?

As far as I understand, a bank is obliged under the banking rules set up and governed by the state central bank,  to give you a dollar for dollar exchange. In other words, if you go to the bank with a ten-dollar bill, all they are obliged to do is give you the equivalent in smaller/larger fiat denominations, like ten one-dollar bills. They have no obligation to exchange a 10$ USD bill, with any other currency, Yen, EU  or other. The same would apply to cryptos like BTC.

The exchanges have "no obligation" to give you so many fiat currencies in exchange for one BTC; there is NO central authority to oblige them to do anything!. And if the exchange refuses to give you anything but parts of a BTC or gives you less, to what authority can you turn for justice?

At least with gold, no problem: If the bank refuses to exchange a 16 oz. gold bar, just walk out into the street or post an add and you will have multiple calls offering you fiat currencies or other forms in exchange in no time.

If you have been following the stock market the past months with regards to the Cornivirus pandemic, you would have noticed that Gold reacts inversely to what is taking part in the stock market. When the stock market goes up, gold value drops, and vice versa. When assets are in danger, the security of gold appreciates! (There is always a delay a trading day or two as investors liquidate their gold holdings in order to raise the cash needed to meet market calls and cover losses.)

In the case of BTC, all you read, "It's going to", "It's about to" and other prayers to the crypto culture God John McAfee's thing to grow again.  :P


Regards,
HumbleTrader


 
« Last Edit: June 12, 2020, 08:58:44 AM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #739 on: July 21, 2020, 12:13:42 AM »
Hello, Crypto enthusiasts.

Gold hit 1865.5$ and climbimg, and still bullish. As long as people are insecure about the future, it will continue to climb, take profit, retrace and climb again. How is the so-called "golden crypto BTC", fairing these days, nervous of a downfall? Hold your breath by week's end, an amazing surprise is about to materialize.  :'(

Let us know when it will hit, $2.6 million:" McAfee made waves in the cryptocurrency world by claiming that each Bitcoin would be worth half a million dollars by 2020. He went on to predict that Bitcoin could even reach as much as $2.6 million in the same time frame." Ah, what dreams are made from.  :(


Regards,
HumbleTrader
« Last Edit: July 22, 2020, 10:21:58 AM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #740 on: July 30, 2020, 03:13:27 PM »
So the Philippines have decided to launch their own digital currency. It seems to be a trend in many parts of Asia, do you think it is a good idea?

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #741 on: July 30, 2020, 03:19:46 PM »
So the Philippines have decided to launch their own digital currency. It seems to be a trend in many parts of Asia, do you think it is a good idea?

I think many countries are looking to using "cryptocurrencies" as a backdoor way of moving away from the US dollar as the pegged currency. As things are going with the US losing by flooding the markets with dollars, they will more likely revert back to the gold standard, especially now that gold is proving without a doubt at almost 2000$, that it is considered the "currency" of safe haven world over.


Regards,
HumbleTrader

« Last Edit: July 30, 2020, 03:21:43 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 drunkfx

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Re: Bitcoin Discussion
« Reply #742 on: August 04, 2020, 07:05:25 AM »
So the Philippines have decided to launch their own digital currency. It seems to be a trend in many parts of Asia, do you think it is a good idea?

it is not the same to crypto it is a way to facilitate emission of money (supply) and make payments easier between big financial players. I think it needs some time to use it on the scale of economy. For now it is more a technical tool.

Offline oportunis

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Re: Bitcoin Discussion
« Reply #743 on: August 17, 2020, 03:04:43 PM »
So the Philippines have decided to launch their own digital currency. It seems to be a trend in many parts of Asia, do you think it is a good idea?

I think many countries are looking to using "cryptocurrencies" as a backdoor way of moving away from the US dollar as the pegged currency. As things are going with the US losing by flooding the markets with dollars, they will more likely revert back to the gold standard, especially now that gold is proving without a doubt at almost 2000$, that it is considered the "currency" of safe haven world over.


Regards,
HumbleTrader

FIAT will never be backed by gold again. If this happens the monetary system collapses...

BTC still outperforming gold by far this year from 3.3k to 12k ;)

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #744 on: August 17, 2020, 03:11:12 PM »
So the Philippines have decided to launch their own digital currency. It seems to be a trend in many parts of Asia, do you think it is a good idea?

I think many countries are looking to using "cryptocurrencies" as a backdoor way of moving away from the US dollar as the pegged currency. As things are going with the US losing by flooding the markets with dollars, they will more likely revert back to the gold standard, especially now that gold is proving without a doubt at almost 2000$, that it is considered the "currency" of safe haven world over.


Regards,
HumbleTrader

FIAT will never be backed by gold again. If this happens the monetary system collapses...

BTC still outperforming gold by far this year from 3.3k to 12k ;)

True. If you wait long enough, BTC will drop to 1k and by year's end will be back to 5-6k. Lol

Remember, Gold is the "currency" of safety, the world over, Not BTC. BTC owners are now in solitude praying to get back to 15K whereas Gold has surpassed its all-time high.

Nice to hear from you again. I hope all is well.

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 #745 on: August 17, 2020, 03:17:45 PM »
For crypto it's market cycle it will surpass last height also just give it time.

I've been busy, with new product and a new platform for all traders will be released soon. I sent u in private last time, now we are almost finished.


Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #746 on: August 22, 2020, 04:32:36 PM »
Chainlist, a blockchain analytic firm, recently revealed that Chinas nationals are inclining towards crypto coins for transferring their money outside of China. The New York based firm had found out that nearly $50 billion in the form of cryptocurrencies left China in 2019.

Chainlist stated that the most popular digital coin in these transactions was stablecoins. In second place came Tether, which alone accounted for $18 billion of the total amount transferred in 2019.

Fascinating, considering the ban on crypto trading in China.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #747 on: August 22, 2020, 05:30:11 PM »
Chainlist, a blockchain analytic firm, recently revealed that Chinas nationals are inclining towards crypto coins for transferring their money outside of China. The New York based firm had found out that nearly $50 billion in the form of cryptocurrencies left China in 2019.

Chainlist stated that the most popular digital coin in these transactions was stablecoins. In second place came Tether, which alone accounted for $18 billion of the total amount transferred in 2019.

Fascinating, considering the ban on crypto trading in China.

That is the main reason that crypto exists, to evade the country's laws. In some cases, even governments use this form of payment to fund their espionage but as a form of alternate security of wealth, crypto has along way to go as a universal store of value.

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

Offline drunkfx

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Re: Bitcoin Discussion
« Reply #748 on: August 29, 2020, 10:23:33 AM »
For crypto it's market cycle it will surpass last height also just give it time.

I've been busy, with new product and a new platform for all traders will be released soon. I sent u in private last time, now we are almost finished.

Yes it is very possible. Crypto markets look extremely confident, traders and investors shrugged off anxiety after past wipeout. I think we need some powerful catalyst.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #749 on: August 29, 2020, 12:04:03 PM »
For crypto it's market cycle it will surpass last height also just give it time.

I've been busy, with new product and a new platform for all traders will be released soon. I sent u in private last time, now we are almost finished.

Yes it is very possible. Crypto markets look extremely confident, traders and investors shrugged off anxiety after past wipeout. I think we need some powerful catalyst.


In February 2020, Edstrom made a prediction that Bitcoin would reach an $8 trillion market cap by 2030. Although he didn't mention it, this is considered to be the approximate size of the gold market. In any case, this would put the price of a single coin at around $400,000.

It should be a BIG catalyst!

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

 

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