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Author Topic: Will cryptocurrencies like Bitcoin ever gain mass adoption?  (Read 36096 times)

Online Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #360 on: August 11, 2019, 04:35:33 PM »
Here is an article which might have you take a journey into familiar and not so familiar experiences:

Confessions of an Almost Crypto Millionaire

https://medium.com/swlh/confessions-of-an-almost-crypto-millionaire-ac6d37833a32


 Enjoy! 8)
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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: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #361 on: August 27, 2019, 04:04:36 PM »
US prosecutors accused a 25 year old man for running a crypto exchange that converted some 25 million USD from fiat to crypto currencies and vice versa.

According to the prosecutors Kunal Kalra known as Kumar, facilitated money laundering of funds obtained by illegal activities, including from trade of illegal drugs on the dark net.

Kalra was charged with four counts of criminal information, including for running a unlicensed money transmitting business.

« Last Edit: August 27, 2019, 04:26:45 PM by Eliza Abrams »

Online Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #362 on: August 27, 2019, 05:05:59 PM »
US prosecutors accused a 25 year old man for running a crypto exchange that converted some 25 million USD from fiat to crypto currencies and vice versa.

According to the prosecutors Kunal Kalra known as Kumar, facilitated money laundering of funds obtained by illegal activities, including from trade of illegal drugs on the dark net.

Kalra was charged with four counts of criminal information, including for running a unlicensed money transmitting business.


Probably a small minow in a large ocean of sharks.

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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: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #363 on: September 03, 2019, 04:02:12 PM »
Bitcoin Co. one of the biggest crypto exchanges in Thailand unexpectedly announced that it will cease its operations by the end of September.

The announcement scared investors on Bitcoin Co., who were selling bitcoins for as little as 6500 USD, while the current price of the digital currency remains close to 10 000 USD.

In a letter to investors the exchange says that it wants to focus on other business opportunities, without elaborating further, and that it will stop accepting any deposits on September 6th, while the platform itself will be shut down on September 30th.

After the end of September clients will have until November 1st to withdraw any of their remaining funds either to bank accounts or to digital wallets.

This is all very shady.


Online Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #364 on: September 03, 2019, 04:22:41 PM »
Where is Opportunis so tell us that this happens all the time with fiat currency, yet to date he has not shown one bank failure anywhere where people have lost their money; that is if you consider exchanges to the equivalent to banks. Yet multiple times this year we have pointed to multiple exchange cons.

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

Online reinerh

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #365 on: September 03, 2019, 04:33:29 PM »
Where is Opportunis so tell us that this happens all the time with fiat currency, yet to date he has not shown one bank failure anywhere where people have lost their money; that is if you consider exchanges to the equivalent to banks. Yet multiple times this year we have pointed to multiple exchange cons.

Regards,
Humble Trader

may i remind you of cyprus a few years back, people took a huge haircut. i think they labeled it bail in which the basel meeting clearly outlined.

and more of that will come someday to bigger countries.

physical assets of sorts should be the savest overall when things get dicey.

Online Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #366 on: September 03, 2019, 04:40:53 PM »
Where is Opportunis so tell us that this happens all the time with fiat currency, yet to date he has not shown one bank failure anywhere where people have lost their money; that is if you consider exchanges to the equivalent to banks. Yet multiple times this year we have pointed to multiple exchange cons.

Regards,
Humble Trader

may i remind you of cyprus a few years back, people took a huge haircut. i think they labeled it bail in which the basel meeting clearly outlined.

and more of that will come someday to bigger countries.

physical assets of sorts should be the savest overall when things get dicey.

Cyprus had nothing to do with fraud but Russian laundered money, through the Euro banking system.

Besides, we are talking, recent news no older than5 years.

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Humble Trader✌️
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: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #367 on: September 03, 2019, 07:41:38 PM »
I would buy those BTC for 6k. Really strange they sold for such low price, haha if all the major exchanges have prices over 10k...

Here more good news: https://cointelegraph.com/news/vaneck-solidx-to-offer-limited-bitcoin-etf-for-institutions-via-exemption

We'll see 15k this year and it will be funny how panic sellers will cry for missing out on it. On a side note, we are in depression mode now, so I'm really curious what will happen with crypto. Will we get more capital in it after all BTC was created to fight the financial crisis and diversify funds.

Online Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #368 on: September 03, 2019, 08:34:19 PM »
I would buy those BTC for 6k. Really strange they sold for such low price, haha if all the major exchanges have prices over 10k...

Here more good news: https://cointelegraph.com/news/vaneck-solidx-to-offer-limited-bitcoin-etf-for-institutions-via-exemption

We'll see 15k this year and it will be funny how panic sellers will cry for missing out on it. On a side note, we are in depression mode now, so I'm really curious what will happen with crypto. Will we get more capital in it after all BTC was created to fight the financial crisis and diversify funds.

Let's see what happens to 10k investment, next 12 months. I'll buy 10k of gold bullion( the real thing), you buy 10k of BTC. Twelve months to go.... ;)

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HumbleTrader
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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #369 on: September 03, 2019, 08:46:08 PM »
Deal, we can compare prices next year. BTC should outperform gold by 2x minimum in crisis. The more banks get in trouble the better for crypto. Gold could pop to 3k per ounce if we get there.

Offline Nasdaq100

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #370 on: September 04, 2019, 05:14:37 AM »
Even if it goes to 25k. Just the fact that it has crashed twice so far makes it a big gamble to trade with.

Unless you don't use any leverage and buy with the intention of holding for the next few years in case it turns against you.

Online oportunis

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #371 on: September 04, 2019, 10:14:57 AM »
Even if it goes to 25k. Just the fact that it has crashed twice so far makes it a big gamble to trade with.

Unless you don't use any leverage and buy with the intention of holding for the next few years in case it turns against you.
BTC has crashed more than 10 times and every time it recovered and surpassed the equity high for a min 3x. Leverage in exchanges is max. 1:20 and only pro traders do it. The retail or common people just buy BTC and hold it. You can trade crypto on regulated brokers also for 1:500 leverage, but they don't allow trading over a weekend and you get huge gaps on Monday, so I don't recommend trading it unless you know what you are doing and you don't actually own the BTC it's paper trading, like with gold.

Online Humble Trader's Fx

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #372 on: September 06, 2019, 12:04:57 AM »
cryptocurrencies
Fewer People Are Sending Bitcoin to Largest Crypto Exchanges

So much for cryptos being a hedge against recession.

https://www.bloomberg.com/news/articles/2019-09-05/fewer-people-are-sending-bitcoin-to-largest-crypto-exchanges?cmpid=BBD090519_BIZ&utm_medium=email&utm_source=newsletter&utm_term=190905&utm_campaign=bloombergdaily

This week I had a total of 5 crypto pushers calling me on my phone trying to peddle their wear; they are getting desperate!

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HumbleTrader
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Offline iMusingKiMi

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #373 on: September 09, 2019, 03:59:22 AM »
Even if it goes to 25k. Just the fact that it has crashed twice so far makes it a big gamble to trade with.

Unless you don't use any leverage and buy with the intention of holding for the next few years in case it turns against you.

It is just way too volatile to trade with leverage but I think it is good to profit through volatility rather than buy and hold.

Offline Eliza Abrams

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Re: Will cryptocurrencies like Bitcoin ever gain mass adoption?
« Reply #374 on: September 10, 2019, 11:24:53 AM »
Changes in the regulatory regime of Netherlands are upcoming that will affect local cryptocurrency firms, most importantly they will have to register with authorities and begin operating under the scrutiny of the Central Bank.

The new rules that will be set in place will be mostly concerned with anti-money laundering and terrorist financing according to a statement by the De Nederlandsche Bank (DNB). The press release of the DBN reads that Crypto firms must demonstrate that their processes are effectively designed to prevent money laundering and terrorist financing, and that board members and other policymakers adequately manage these processes.

The Dutch authorities will approach this matter using the European anti-money laundering directive which is an EU-wide set of regulations that were introduced last year.


 

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