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@joniboini. I reckon the reason that those type of activities occur under a strictly regulated jurisdiction is because they need to move large amounts of money and to take part in what has become illegal activites. However, yes I agree that small minnows might not be the regulators of Pakistan's predominant targets. But they might do it in the beginning for media purposes and fear tactics hehe.
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I admire everyone's skepticism in your replies. They remind me much of my own skepticism hehehe. However, you all are right to always be careful to avoid being tricked by a different type of criminal hehehehe. The tricks they do, you always speculate what their real agenda is. I reckon it always has a connection with business and profit. Did Desantis invest in bitcoin, is his largest donors a crypto founder similar to Sam Bankrupt Fried, does he have a roadmap on how to control and strictly regulate the cryptospace? We can only speculate hehe.
@everyone. Probitcoin or antibitcoin president, the skeptical you thinks it will not be good for bitcoin?
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@pawel7777. If Elon is hyping, he is dumping. If Elon is warning not to buy, he will be buying. We have witnessed his shilling tactics on dogecoin already hehehehe. We are presently seeing his fear tactics. My prediction, within 1 year Elon will make an announcement that one of his companies has bought bitcoin to hold for the treasury.
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The debt ceiling will be raised, everything that is being speculated about this not being raised is only fud. However, if Jim Cramer whispers that he is quite certain that it will be raised, I think we should dump everything hehehehhe.
At times like this one should appreciate bitcoin with its capped supply...  Also, this preoccupation over the capped supply like this is the solution for a country's economic problem might be a mistake. It might also be naive because it is difficult to create and maintain a growing economy without increasing the money supply in occurrences where the economy is expanding. In any case, I reckon limited supply is good if the objective is to make a store of value, however, it would be difficult for something like this to become the foundation of a monetary system. |
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@joniboini. It might be harder on adoption, however, for those who really want or need to use it will certainly find a way to have some of it. In China I read articles that people from Hong Kong sell hardware wallets with stablecoins to the people from the mainland. The Chinese inside the mainland use VPNs and other privacy tools and trade their illegaly bought stablecoins through DeFi and decentralized exchanges.
It is very much underestimated that many people want to have any type of participation in the cryptospace hehehe.
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@Bitcoin_Arena. It might be, however, where will the attackers mix and launder their stolen coins if they kill Tornado Cash hehehe.
In any case, it might be time to create and develop a better onchain mixer where the developers are anonymous. After the imprisonment of Tornado Cash's developer and the US sanctions, the mixer might have become like a burden to use.
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After the launch of Elizabeth Warren's anticrypto army campaign, I am quite certain bitcoiners and everyone else who are supporters of the cryptospace will certainly like to witness Ron Desantis become the next president of the United States. If you are an eligible voter in America, you know the candidate to vote for hehehehe. Robert Kennedy Jr. is also another presidential candidate who expressed his support for bitcoin. It appears that there is a good chance for America to have a probitcoiner president!  Florida Governor Ron DeSantis, who launched his presidential campaign in a Twitter Spaces event with Elon Musk on Wednesday evening, said he'd protect bitcoin if he's elected next year.
"I think people should be able to do bitcoin," DeSantis said as 300,000 listeners tuned in. "As president, we'll protect the ability to do things like bitcoin."
DeSantis, who earlier this month moved to prohibit any kind of a central bank digital currency in the state, said that bitcoin represented a threat to "central planners" that want "control over society." He said any kind of regulation over cryptocurrencies should ultimately be up to Congress, and that he'd oppose any kind of a ban should one ever emerge.Read in full https://www.theblock.co/post/232135/desantis-promises-to-protect-bitcoin-in-presidential-campaign-launch-event |
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Saying that Bitcoin will not be legal does not mean that Bitcoin is illegal or prohibited, and therefore the ordinary user will be a beneficiary, since he does not pay taxes on it and that there are no penalties for it.
If you read further into the article shared by OP, I think their stance on crypto is quite clear (if the report is accurate). They really want people to stop buying/trading crypto by banning their bank accounts if they ever use it to deposit on exchanges and make trades. Not sure how they will try to stop P2P though. Maybe they will try to ban P2P websites but offline trading or trading via other platforms like this forum might still work. I am beginning to speculate that the reason why the govenment of Pakistan wants to impose a strict ban on the cryptospace is because their financial system is highly used by some groups for terrorist financing. I reckon maybe one of the highest in the whole of Asia and they do not want to complicate this by having the cryptospace enter this. However, they have a bigger problem. It will be very hard for the government to enforce any type ban outside of on and off ramps. People can trade very much similarly like they do in China. |
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Jim Cramer has again spoken bullishly.  CNBC’s Jim Cramer said on Monday that Wall Street isn’t responding to debt ceiling stress in the way you might think — in fact, many buyers seem unbothered as chaos reigns in Washington.
“Is it possible the whole debt ceiling standoff is meaningless?” Cramer asked, calling Monday’s market resilience bizarre. “That’s certainly what the market’s saying.”Source https://www.cnbc.com/2023/05/22/market-action-shows-that-wall-street-isnt-worried-about-the-debt-ceiling-cramer-says.htmlThis article was published on May 22. How have we not seen this hehehehe. It was another warning sign that market will begin dumping. |
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News update. This is very good news coming from Hong Kong! This is not only a speculation anymore! This will certainly pump bitcoin and altcoins before this year will end. There might also be projects that will be speculated as the Chinese Ethereum. It was argued that it is Neo but I disagree. The real Chinese Ethereum will be whitelisted by the government of China. Wait for this.  Hong Kong will allow retail trading of cryptocurrencies as early as the latter half of this year, the Securities and Futures Commission announced on Tuesday, adding that it will accept applications from exchanges to offer such services from June 1.
The move comes as Hong Kong pushes to become a hub of the crypto industry even as other jurisdictions remain cautious following the collapse of cryptocurrency exchange FTX late last year.Source https://asia.nikkei.com/Spotlight/Cryptocurrencies/Hong-Kong-greenlights-retail-trading-of-cryptocurrency |
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The debt ceiling will be raised, everything that is being speculated about this not being raised is only fud. However, if Jim Cramer whispers that he is quite certain that it will be raised, I think we should dump everything hehehehhe.
That's more of a debt crisis than a debt ceiling crisis because they have and will increase the ceiling and continue increasing the national debt. Part of the crisis is the rate at which it is increasing which is scary. It surpassed $30 trillion in February 2022, in just one year (that's 3 months ago) it had grown by $1.5 trillion. From February to today it grew by another $300 billion and counting! They clearly do not care about the country's debt hehehe. There are also some Democrats who propose that Biden should exercise his authority from the 14th amendment which arguably might allow the president to cancel the debt ceiling for good heheheee. However, I reckon the Democrats might only be using it as posturing tactic to pressure Kevin McCarthy and the Republicans to agree on a deal. |
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The Hotbit exchange has just announced its final closure and has asked users to withdraw all their funds by June 21, UTC 04:00. https://hotbit.zendesk.com/hc/en-us/articles/14750194236823 Dear Hotbit users, For 5 years and 4 months, the Hotbit team has been proud to participate in a wonderful crypto show with 5 million users. However, it is with great regret that we have made the decision to stop all CEX operations from May 22, UTC 04:00. We kindly ask all users to withdraw their remaining assets before June 21, UTC 04:00. This decision is based on three reasons: Firstly, the deterioration of the operating conditions. After the Hotbit management team was forced to suspend operations for several weeks due to the investigation in August 2022 ( https://hotbit.zendesk.com/hc/en-us/articles/8074249353495), the industry has experienced a series of crises, including the collapse of FTX, bank crises causing USDC off-peg incidents, resulting in continuous outflows of funds from CEX users, including Hotbit, and deteriorating cash flow. Secondly, the change in the crypto industry trend. The successive collapse of large centralized institutions has led the industry to gradually in two ways: either embrace the regulation or become more decentralized. The Hotbit team believes that centralized exchanges (CEX) are becoming increasingly cumbersome, with highly complex and interconnected businesses that are difficult to comply with, whether for compliance or decentralization, and are unlikely to meet long-term trends. Since its beginning, Hotbit has been characterized by providing a rich variety of assets and value-added methods. Hotbit was the first exchange to list numerous emerging assets, including SHIB, KSM, GRIN and so on, and was the first to offer staking services starting from ATOM, as well as the first to conduct Defi mining business using Compound. However, due to the industry's uncertainty, various opportunities also contain many risks. Hotbit has also suffered numerous problems, such as repeated cyber attacks and the exploitation of project defects by malicious users, resulting in significant losses. Therefore, the Hotbit team believes that the operation model of supporting a diverse range of assets is unsustainable from a risk management standpoint. That’s all, with so many joys and tears, our show is over. We want to say thank you and take a bow now. We still believe a bright future about crypto innovation and some of us will still fight for it. What was the result of the criminal investigation on the exchange? Some questions being asked in social media are which country's regulator is investigating this case, what laws were broken, in which country did this occur, and what is the name of the employee? However, the more important outcome from this is the depositors get their funds back. |
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The government wants to kill this innovation by imposing old regulations where we are required to use government approved custodians to hold our assets for us and use government approved transfer agents to move our assets through them.
Bullshit! The laws are strictly considering only financial institutions that are offering financial services to customers, it's nothing about how you decide to store or hide or safekeeping your coins. Besides, look in what rabbit hole you've dug yourself, by claiming the government can impose this you've essentially said that any government can control Bitcoin and can decide what you're going to do with your coins, so at this point what is the point of all of this in the first place? Also, if cryptospace innovation is being killed, the developers will move out.
You still haven't been able to give one single example of an innovation that is going to be killed by these laws. In the cryptospace, real ownership is real custody over your digital assets only made possible through the innovation that these decentalized ledgers and databases are giving us Weird, last time I checked Satoshi didn't ask for any money, Doge had no ICO, neither had Litecoin, and there was no IPO on Segwit but I kind of forget if I had to buy BitcoinCore from Microsoft. I'm sure I'm paying a monthly fee but I'm not sure it's Vodafone or Electrum. So again: What real innovation with real-world use and not a pump and dump hype garbage would be killed by this? Hehehe it appears that you are arguing about something else. I am arguing about how the SEC might use old methods like the howey test on the different projects in the cryptospace. Those that fail this test will be considered as illegal securities that will need to register with the SEC. You do not know this or read about it in the news? I told you already. It is underestimated that regulations on different projects, cryptocoins and tokens will kill the most important innovation that decentralized ledgers and databases have given us. Self custody of our digital assets. It might presently be a speculation, however, it is something overlooked. I am scratching my head because you want me to argue about something else and fight me that it is what I am arguing about hehehehehee. No, I am talking about the SEC and the things that we might not have noticed. In any case, read this again. https://bitcointalk.org/index.php?topic=5447061.msg62196665#msg62196665 |
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I think the market is going to get more wild this month or in other words we can see bigger size sideways market in the coming weeks. On one hand we have the manipulators and the attackers that are directly and indirectly creating chaos in the market. On the other hand we still have the money coming in and buying bitcoin cheap getting ready for the future rallies.
Then on top of all that we have the global economy that is in a chaotic state with the inflation still high and the recession growing at the same time. As I've said many times before, as much as inflation is good for bitcoin price, recession is bad for it.
Apart from all that, we have China, which will allow cryptocurrency (again) in June. This could attract new investment into the market and we could see a new rally. I remember when the crypto ban in China had a negative impact on the price. Hopefully now there will be a positive. If that happens, growth could start as early as the end of May. That would be June already and maybe it's time to be back and start investing again. But it's still uncertain because the debt ceiling crisis may just not result good for crypto and the stock market. June month may just have a wilder swing in prices overnight. China coming in to give their citizen a chance to grab some cryptocurrency investment could be a catalyst but we'll not find out instantaneously. The debt ceiling will be raised, everything that is being speculated about this not being raised is only fud. However, if Jim Cramer whispers that he is quite certain that it will be raised, I think we should dump everything hehehehhe. On China, I very much agree. There will be Chinese crypto projects that will be whitelisted by their government to fulfill the country's blockchain ambitions. President Xi said in a speech that he wants China to be the leader in information technology including blockchain by 2030. It has also been mentioned before that much of the most profitable trades for the next bull market might be the projects that will be created by Chinese developers. These projects will not be very known unless you are active in Chinese crypto community channels in Wechat and Weibo. |
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FTX will unbite the dust? It appears that FTX might return and it might be operational before the end of 2024. It is rumored that among the creditors are the whales of the cryptospace who have an interest to witness it come back from death. I speculate those whales have hundreds of millions of their own money that they cannot withdrawn unless FTX is back to profitability. However, will the community consider the return of FTX a bullish occurrence or a bearish one? Also, a news update. FTX is suing Sam heehehhehe.  Failed crypto exchange FTX is suing co-founder and former Chief Executive Sam Bankman-Fried and others, seeking to claw back about $240 million related to the company’s acquisition of stock-trading platform Embed.
In a filing Wednesday in U.S. Bankruptcy Court in Delaware, FTX claimed Bankman-Fried and others — including FTX co-founders Zixiao Wang and Nishad Singh — conducted little to no due diligence and rushed the $240 million acquisition ahead of FTX’s collapse last November.
The lawsuit claimed money for the Embed acquisition came from Alameda Research, FTX’s affiliated hedge fund, which had illegally diverted assets belonging to FTX — constituting fraud.Source https://www.marketwatch.com/story/ftx-sues-sam-bankman-fried-and-others-seeking-to-claw-back-240-million-from-embed-deal-26ee5565 |
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Its only a fad, it will pass on its own...
Well, fads normally don't last only a couple of days. At least some weeks, and most of them a couple of months. But not more than half a year, normally. Agreed, however, it will not be dead. I reckon it will always be there to begin another wave of bullishness when the NFT market is ready. In any case, Coindesk is presently hyping Ordinals and bitcoin NFTs hehe. The skeptic and the contrarian in me says that for now it will start decreasing in popularity. Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam, which is remarkable considering Bitcoin NFTs didn’t effectively exist before the enabling of inscriptions on the Bitcoin mainnet in January 2023.
The data shows that in the past thirty days, Bitcoin NFTs have grossed about $167 million, which is several figures shy of Ethereum’s near-$397 million.Source https://www.coindesk.com/web3/2023/05/22/in-nft-sales-bitcoin-jumps-to-no-2-spot-in-a-matter-of-months/ |
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@nutildah. The only problem of Bukele is being very open on his support for bitcoin by making it legal tender. This has caused him much problems with the IMF because it put the government of El Salvador in a position where it cannot get more cashflow but the IMF can lobby on policies because of cashflow given in the past. In any case, I am skeptical of this new adviser hehehe. What is a former IMF official advising on the government of El Salvador? El Salvador has tapped a former International Monetary Fund official as an adviser as it seeks a deal with the multilateral lender, according to people familiar with the matter.
Alejandro Werner, who retired as head of the Western Hemisphere Department at the IMF in 2021, has been working with the Central American nation’s government this year, according to the people, who asked not to be identified because the matter is private.Source https://www.bloomberg.com/news/articles/2023-04-17/former-imf-official-werner-said-to-advise-el-salvador-on-dealAnother problem for Bukele is the election on February 2024. His political rivals will certainly get the funding from the bankers outside and inside El Salvador. |
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However, who is really losing the psychological tactics? During the face off, Haney appears to have lost his control on his emotions and pushed Lomachenko. This might show that there is fear in Haney. This might also become an advantage for Lomachenko if he can cause something similar in the ring hehe.
It appears that I might have underestimated the Ukranian. Can I change my vote? Change to 19 votes for Haney, 17 votes for Lomachenko hehehehehehe.
I'm surprised he did that, what's with Haney, I have seen a lot of his face-off and he is not like this he used to be very cool and gentlemanly what's with him, Loma is very cool it's like a normal routine for him it's like another fight for him and Haney feels like he is being underestimated by Loma, this is going to be a very good match to watch. The first one to lose his cool and composure will likely make a mistake that the other guy can exploit. I was not very surprised. There certainly was fear, uncertainty and doubt in Haney hehehe. Yes, fud can also be caused by the thoughts of the boxer himself. There were replies that this was not fear, however, Haney's performance has not shown his confidence hehe. I predict Tank Davis to be the unified champion of this weight division within 2 years. It should be shorter, however, I am quite certain Haney will avoid Tank for the longest possible time. |
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It also creates a dangerous precendent that will certainly discourage the acceptance and adoption of bitcoin and other cryptocoins to be used as a medium of exchange. What this might encourage is for people to use the cryptospace only for speculation very much similar to memecoins. What would this imply hehehe.
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@zasad@. I do not disagree. The regulators will certainly choose to make criminals out of innocent users first before they give up their campaign on shutting down the cryptospace heheheh. It cannot be killed, however. There is no other way for us in having real ownership over our digital assets except through decentralized ledgers and databases. People will keep using them.
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