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Author Topic: Bitcoin Discussion  (Read 194726 times)

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #810 on: December 31, 2020, 12:53:28 AM »
There are information if Deutsche Bank as big Lender in Germany predicted in 2030 cryptocurrency will replace flat money, but its only prediction and I think still many barriers from the government to realize, but I think the usage of digital payment maybe will increase.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #811 on: January 01, 2021, 04:35:24 PM »
The UK, which recently banned the provision of cryptocurrency CFDs to retail clients,has allowed crypto-dealing companies that have submitted documentation for the acquisition of a license and are pending approval to continue providing their services  well into next year up to the 9th of July.
 
Since the 10th of January of 2020, when the UK tightened its AML and CTF measures, all companies that deal with crypto in the UK must have a valid license, issued by the regulator. New companies will have such a license, but existing ones need to apply. They were given til the 10th of January 2020 to do so. In the meantime, a Temporary Regime was established, allowing them to continue dealing in crypto. This regime ran out on the 16th of December and the FCA will be expanding it but only for companies that have already submitted their documentation and are waiting for a license to be issued.

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Re: Bitcoin Discussion
« Reply #812 on: January 06, 2021, 09:26:07 AM »
The largest US banking regulator (The Office of the Comptroller of the Currency) with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system

Banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like $USDC as electronic stored value

This is a huge win for #crypto and stablecoins 🚀


The significance of this cant be understated. We are on a path towards all major economic activity being executed on-chain


https://www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #813 on: January 06, 2021, 02:30:21 PM »
The largest US banking regulator (The Office of the Comptroller of the Currency) with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system

Banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like $USDC as electronic stored value

This is a huge win for #crypto and stablecoins 🚀


The significance of this cant be understated. We are on a path towards all major economic activity being executed on-chain


https://www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html

You are treading a fine line. This has little to do with CRYPTO, it's the BLOCKCHAIN that they can use NOT CRYPTO. They must be accountable to the authorities for them to know, who sends and who receives any such digital transaction.

Good try. 8)

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

Online oportunis

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Re: Bitcoin Discussion
« Reply #814 on: January 06, 2021, 07:01:48 PM »
The largest US banking regulator (The Office of the Comptroller of the Currency) with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system

Banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like $USDC as electronic stored value

This is a huge win for #crypto and stablecoins 🚀


The significance of this cant be understated. We are on a path towards all major economic activity being executed on-chain


https://www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html

You are treading a fine line. This has little to do with CRYPTO, it's the BLOCKCHAIN that they can use NOT CRYPTO. They must be accountable to the authorities for them to know, who sends and who receives any such digital transaction.

Good try. 8)

Regards,
HumbleTrader
This has everything to do with crypto. This will put BTC as digital gold and u can already see institutions and professional investors adding money in it... Demand is big supply is low, by year end we should see about 100k min.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #815 on: January 06, 2021, 07:35:53 PM »
The largest US banking regulator (The Office of the Comptroller of the Currency) with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system

Banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like $USDC as electronic stored value

This is a huge win for #crypto and stablecoins 🚀


The significance of this cant be understated. We are on a path towards all major economic activity being executed on-chain


https://www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html

You are treading a fine line. This has little to do with CRYPTO, it's the BLOCKCHAIN that they can use NOT CRYPTO. They must be accountable to the authorities for them to know, who sends and who receives any such digital transaction.

Good try. 8)

Regards,
HumbleTrader
This has everything to do with crypto. This will put BTC as digital gold and u can already see institutions and professional investors adding money in it... Demand is big supply is low, by year end we should see about 100k min.

From your mouth to God's ear,... I hope. I am always happy for you. I hope CryptoGod is listening

Regards.
HumbleTrader 8)
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline peter_s

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Re: Bitcoin Discussion
« Reply #816 on: January 08, 2021, 02:25:42 PM »
and now.......$41K   :o :o :o :o ! Bitcoin appears to be very much like Tesla  - their market value makes no sense at all compared to the underlying 'asset', yet people still buy.  Tesla's total market value now approaches all of the other car manufacturers combined! One of the biggest short hedge funds in the US is still short on Tesla and Bitcoin could follow. Bitcoin is private and of limited supply which, unlike currencies, gives it rarity/scarcity value and a much better inflationary hedge. Punters also love to follow the herd which causes these stratospheric valuations, as well as the inclusion into the US S&P 500 with Tesla and recognition by the key payment processor PayPal in the case of Bitcoin. You have to look at more than the product and try and understand what the potential worth is, and if these are true game changers then their current valuations are still modest...but it's a BIG if!

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #817 on: January 08, 2021, 09:58:51 PM »
and now.......$41K   :o :o :o :o ! Bitcoin appears to be very much like Tesla  - their market value makes no sense at all compared to the underlying 'asset', yet people still buy.  Tesla's total market value now approaches all of the other car manufacturers combined! One of the biggest short hedge funds in the US is still short on Tesla and Bitcoin could follow. Bitcoin is private and of limited supply which, unlike currencies, gives it rarity/scarcity value and a much better inflationary hedge. Punters also love to follow the herd which causes these stratospheric valuations, as well as the inclusion into the US S&P 500 with Tesla and recognition by the key payment processor PayPal in the case of Bitcoin. You have to look at more than the product and try and understand what the potential worth is, and if these are true game changers then their current valuations are still modest...but it's a BIG if!

I guess if you can believe in Trump and his conspiracy theories, you can accept Cryptos but only if you like to live in delusions.

Enjoy the ride, it's probably "electrifying" right now, like Tesla, except in that Tesla offers something tangible, not hot air.

Regards.
Humble Trader
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 #818 on: January 09, 2021, 04:03:52 PM »
Cryptocurrency derivatives – crypto CFDs for example - are now not accessible to retail traders on the UK markets, as a ban introduced by the country’s Financial Conduct Authority (FCA) in October 2020 went into effect on the 6th of January.
 
The FCA banned the provision of the assets noting their incredible volatility. This sentiment was perhaps justified recently, when amidst a huge scandal and two lawsuits, the price of the XRP token fell sharply, by more than 60%. Bitcoin, the most valuable crypto asset has also seen incredible plummet in value recently – from over $34,000 to just over $29,000 in the span of a single day.

Offline peter_s

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Re: Bitcoin Discussion
« Reply #819 on: January 10, 2021, 02:27:16 PM »
and now.......$41K   :o :o :o :o ! Bitcoin appears to be very much like Tesla  - their market value makes no sense at all compared to the underlying 'asset', yet people still buy.  Tesla's total market value now approaches all of the other car manufacturers combined! One of the biggest short hedge funds in the US is still short on Tesla and Bitcoin could follow. Bitcoin is private and of limited supply which, unlike currencies, gives it rarity/scarcity value and a much better inflationary hedge. Punters also love to follow the herd which causes these stratospheric valuations, as well as the inclusion into the US S&P 500 with Tesla and recognition by the key payment processor PayPal in the case of Bitcoin. You have to look at more than the product and try and understand what the potential worth is, and if these are true game changers then their current valuations are still modest...but it's a BIG if!

I guess if you can believe in Trump and his conspiracy theories, you can accept Cryptos but only if you like to live in delusions.

Enjoy the ride, it's probably "electrifying" right now, like Tesla, except in that Tesla offers something tangible, not hot air.

Regards.
Humble Trader

Just to qualify I am NOT trading bitcoin or Tesla.  Tesla's tangible assets bear no reflection to its inflated market valuation  - you are buying the hype and that it will eventually dominate the automotive industry with its 'leading' technology and battery advances. But Apple has just teamed up with Hyundai so things can change rapidly hence the guy who shorted subprime mortgages in the US is still short n Telsa.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #820 on: January 10, 2021, 03:37:39 PM »
and now.......$41K   :o :o :o :o ! Bitcoin appears to be very much like Tesla  - their market value makes no sense at all compared to the underlying 'asset', yet people still buy.  Tesla's total market value now approaches all of the other car manufacturers combined! One of the biggest short hedge funds in the US is still short on Tesla and Bitcoin could follow. Bitcoin is private and of limited supply which, unlike currencies, gives it rarity/scarcity value and a much better inflationary hedge. Punters also love to follow the herd which causes these stratospheric valuations, as well as the inclusion into the US S&P 500 with Tesla and recognition by the key payment processor PayPal in the case of Bitcoin. You have to look at more than the product and try and understand what the potential worth is, and if these are true game changers then their current valuations are still modest...but it's a BIG if!

I guess if you can believe in Trump and his conspiracy theories, you can accept Cryptos but only if you like to live in delusions.

Enjoy the ride, it's probably "electrifying" right now, like Tesla, except in that Tesla offers something tangible, not hot air.

Regards.
Humble Trader

Just to qualify I am NOT trading bitcoin or Tesla.  Tesla's tangible assets bear no reflection to its inflated market valuation  - you are buying the hype and that it will eventually dominate the automotive industry with its 'leading' technology and battery advances. But Apple has just teamed up with Hyundai so things can change rapidly hence the guy who shorted subprime mortgages in the US is still short n Telsa.

I didn't say you did trade in BTC and yes, I am very well aware of the shorts on Tesla, the merger of Hyundai and Apple; these are "tangible" companies with assets, employees and locations but what does BTC have other than hype?

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

Offline peter_s

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Re: Bitcoin Discussion
« Reply #821 on: January 13, 2021, 02:12:03 PM »
and now.......$41K   :o :o :o :o ! Bitcoin appears to be very much like Tesla  - their market value makes no sense at all compared to the underlying 'asset', yet people still buy.  Tesla's total market value now approaches all of the other car manufacturers combined! One of the biggest short hedge funds in the US is still short on Tesla and Bitcoin could follow. Bitcoin is private and of limited supply which, unlike currencies, gives it rarity/scarcity value and a much better inflationary hedge. Punters also love to follow the herd which causes these stratospheric valuations, as well as the inclusion into the US S&P 500 with Tesla and recognition by the key payment processor PayPal in the case of Bitcoin. You have to look at more than the product and try and understand what the potential worth is, and if these are true game changers then their current valuations are still modest...but it's a BIG if!

I guess if you can believe in Trump and his conspiracy theories, you can accept Cryptos but only if you like to live in delusions.

Enjoy the ride, it's probably "electrifying" right now, like Tesla, except in that Tesla offers something tangible, not hot air.

Regards.
Humble Trader

Just to qualify I am NOT trading bitcoin or Tesla.  Tesla's tangible assets bear no reflection to its inflated market valuation  - you are buying the hype and that it will eventually dominate the automotive industry with its 'leading' technology and battery advances. But Apple has just teamed up with Hyundai so things can change rapidly hence the guy who shorted subprime mortgages in the US is still short n Telsa.

I didn't say you did trade in BTC and yes, I am very well aware of the shorts on Tesla, the merger of Hyundai and Apple; these are "tangible" companies with assets, employees and locations but what does BTC have other than hype?

Regards,
HumbleTrader

Bitcoin does hold value in terms of being a highly effective way of managing ( international) transactions securely, cheaply and anonymously. Many see this as a clear benefit hence the wider recent acceptance and IF it continues to gain adoption by the big transaction processors such as Paypal will no doubt continue its meteoric rise.

In truth, no one is in a position to say it will ultimately fail or succeed - it is all pure guesswork based on our own assumptions and inherent biases.



Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #822 on: January 13, 2021, 03:08:58 PM »
and now.......$41K   :o :o :o :o ! Bitcoin appears to be very much like Tesla  - their market value makes no sense at all compared to the underlying 'asset', yet people still buy.  Tesla's total market value now approaches all of the other car manufacturers combined! One of the biggest short hedge funds in the US is still short on Tesla and Bitcoin could follow. Bitcoin is private and of limited supply which, unlike currencies, gives it rarity/scarcity value and a much better inflationary hedge. Punters also love to follow the herd which causes these stratospheric valuations, as well as the inclusion into the US S&P 500 with Tesla and recognition by the key payment processor PayPal in the case of Bitcoin. You have to look at more than the product and try and understand what the potential worth is, and if these are true game changers then their current valuations are still modest...but it's a BIG if!

I guess if you can believe in Trump and his conspiracy theories, you can accept Cryptos but only if you like to live in delusions.

Enjoy the ride, it's probably "electrifying" right now, like Tesla, except in that Tesla offers something tangible, not hot air.

Regards.
Humble Trader

Just to qualify I am NOT trading bitcoin or Tesla.  Tesla's tangible assets bear no reflection to its inflated market valuation  - you are buying the hype and that it will eventually dominate the automotive industry with its 'leading' technology and battery advances. But Apple has just teamed up with Hyundai so things can change rapidly hence the guy who shorted subprime mortgages in the US is still short n Telsa.

I didn't say you did trade in BTC and yes, I am very well aware of the shorts on Tesla, the merger of Hyundai and Apple; these are "tangible" companies with assets, employees and locations but what does BTC have other than hype?

Regards,
HumbleTrader

Bitcoin does hold value in terms of being a highly effective way of managing ( international) transactions securely, cheaply and anonymously. Many see this as a clear benefit hence the wider recent acceptance and IF it continues to gain adoption by the big transaction processors such as Paypal will no doubt continue its meteoric rise.

In truth, no one is in a position to say it will ultimately fail or succeed - it is all pure guesswork based on our own assumptions and inherent biases.

PayPal is NOT the government. Paypal is only a commercial "in profit" business like all those peddling Cryptos to take advantage of the gullible. NO government recognizes any cryptos and thus, its equal-to play money.
There are almost 50 cryptos out there and anyone can "print" crypto.

Regards,
HumbleTrader
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 #823 on: January 15, 2021, 04:14:15 PM »
So the Bitcoin drop earlier this week wiped out 170 million dollars from the market.  Before the crash, the market was worth $1.1 trillion dollars (just last Sunday!). After the collapse, the markets overall value went down to $940 billion.

Online oportunis

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Re: Bitcoin Discussion
« Reply #824 on: January 20, 2021, 05:14:53 PM »
and now.......$41K   :o :o :o :o ! Bitcoin appears to be very much like Tesla  - their market value makes no sense at all compared to the underlying 'asset', yet people still buy.  Tesla's total market value now approaches all of the other car manufacturers combined! One of the biggest short hedge funds in the US is still short on Tesla and Bitcoin could follow. Bitcoin is private and of limited supply which, unlike currencies, gives it rarity/scarcity value and a much better inflationary hedge. Punters also love to follow the herd which causes these stratospheric valuations, as well as the inclusion into the US S&P 500 with Tesla and recognition by the key payment processor PayPal in the case of Bitcoin. You have to look at more than the product and try and understand what the potential worth is, and if these are true game changers then their current valuations are still modest...but it's a BIG if!

I guess if you can believe in Trump and his conspiracy theories, you can accept Cryptos but only if you like to live in delusions.

Enjoy the ride, it's probably "electrifying" right now, like Tesla, except in that Tesla offers something tangible, not hot air.

Regards.
Humble Trader

Just to qualify I am NOT trading bitcoin or Tesla.  Tesla's tangible assets bear no reflection to its inflated market valuation  - you are buying the hype and that it will eventually dominate the automotive industry with its 'leading' technology and battery advances. But Apple has just teamed up with Hyundai so things can change rapidly hence the guy who shorted subprime mortgages in the US is still short n Telsa.

I didn't say you did trade in BTC and yes, I am very well aware of the shorts on Tesla, the merger of Hyundai and Apple; these are "tangible" companies with assets, employees and locations but what does BTC have other than hype?

Regards,
HumbleTrader

Bitcoin does hold value in terms of being a highly effective way of managing ( international) transactions securely, cheaply and anonymously. Many see this as a clear benefit hence the wider recent acceptance and IF it continues to gain adoption by the big transaction processors such as Paypal will no doubt continue its meteoric rise.

In truth, no one is in a position to say it will ultimately fail or succeed - it is all pure guesswork based on our own assumptions and inherent biases.

PayPal is NOT the government. Paypal is only a commercial "in profit" business like all those peddling Cryptos to take advantage of the gullible. NO government recognizes any cryptos and thus, its equal-to play money.
There are almost 50 cryptos out there and anyone can "print" crypto.

Regards,
HumbleTrader
You cannot print BTC, you can mine it and to do that you need hardware. It's the same for gold. What gives gold its value? Except BTC is faster, liquid, and easy to transport. This is the digital age and BTC is digital gold. And governments recognize BTC, you need to pay taxes from profit or mining profit and you can purchase products with it. Each government has its own digital sector now. Not all crypto will be here, but BTC and a few like ETH will be a new standard in the future.

 

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