it seems like this stablecoin demand is forcing the ECB to discuss a "digital euro" system. this could (as lagarde points out) reduce consumer costs, "cut out the middleman", achieve financial inclusivity at low cost, and so on. this would in turn allow a digital euro to compete with private stablecoins in the remittance market---and eventually in all markets, because stablecoins might become common as mediums of exchange. i wonder how the retail banks feel about all this. they are the middlemen being cut out in this scenario.  Retail banks in the eurozone are already being hurt by the ECB's negative interest rate policy. If they can't make money from fees, they go bust. Lagarde would do better in restoring interest rates back to positive than in tinkering with stablecoins. |
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The pound got a reprieve as one form of uncertainty was dealt with. There's plenty of uncertainty to come.
I don't believe it has anything to do with BTC. I don't believe a strong stock market is affecting things either. For the entirety of BTC's existence it has only gotten stronger. The time to worry is when it takes a terminal-looking shit. No one's going to hang on to Bitcoin in those circumstances.
I don't think the pound has affected bitcoin either. Bitcoin is more affected by the dollar than anything else. I think the drop in bitcoin is down to a bit of profit taking as hedge funds etc close their books before Christmas. |
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IF it looks like bitcoin's encryption looks likely to be broken, then the developers will simply work on an improved version and we all hard fork into that.
The idea that everyone is just sitting there passively and that there won't be a fight back is nonsense. There is too much money at stake, and I'm sure people are working on improved encryption as we speak.
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If they ever figure out who Satoshi is, THEN we'll get the high-budget Hollywood movie, complete with the thrilling story about how bitcoin was launched and how the developers worked in secret and fought to keep their identities private and what happened to them when they saw bitcoin's price rise but didn't dare touch the coins for fear of being outed.
Otherwise, there isn't really much of a plotline!
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DEX are definitely better than CEX but the design and their running is very poor so people have always preferred CEX as they give proper support as well as great User interface. There are only few DEXs are there which are genuine and at least can be used properly.
Also, DEX's don't have much liquidity, which means you can sometimes wait weeks for your orders to get filled. You really need a critical mass of users to make Dex's work, but because no one ever markets them, they never ever reach the amount of users you need to have a liquid exchange. |
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Staking may sound pretty good but here are some downsides that one should consider before going for it.
1. You have to store your coins on the exchange. If thats not there then it good. But if you have to store coins there then be at risk when hacks happen.
2. They may force KYC on your at any moment and put your funds on lockdown unless you clear them. At the moment your hands are tied and you have no authorities to complain to.
3. Staking rewards are pretty low if you are hoping to find something similar like a good interest rate from bank - then you are mistaken.
4. The staking rewards token will also be dumped making it difficult to reap any profit in the sell orders.
This. Has the stuff that's happened to Upbit and IDAX not taught anyone anything? What about Poloniex, where people who held their coins there to lend them out got badly burned? Don't trust exchanges. Use them for quick trades and then withdraw your coins or fiat. And stake your coins in your own wallet. |
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Huh?
The election is over (it was held last Thursday). The Tories won. Cryptocurrency didn't determine the results! Cryptocurrency wasn't discussed at all. (Brits like the pound sterling and arn't in any hurry to replace it with another currency. Especially as inflation has started to drop in recent months).
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Is this a joke? How can the government force something like this, when the people are already paying the income tax over their salaries? The tax rates in Greece remains one of the highest in the world, and now the government want to take away a part of the remainder as well. This will never be implemented successfully, and people will find loopholes to get around the system.
This is targetted at retailers not the customer. The customer will pay the same for their goods, regardless of whether they pay in cash or with cards. But the retailer won't be able to hide revenue if people pay by cards. Because all electronic payments can be tracked. If small businesses in Greece were law abiding and paid their taxes, the govt wouldn't need to take drastic action like this. If small businesses paid their tax, the govt could afford to cut income tax for employees. The tax rates are so high because the entire burden is falling on PAYE employees. |
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To be honest, there are a lot of better altcoin than bitcoin right now.
I think the first reason is that Bitcoin is the first so it really had a headstart. Another thing is that there are a lot of supporters of it. When you say cryptocurrencies, Bitcoin will be the first one that will pop to people's mind, altcoin can't compete with that. We're not even talking about its value.
Altcoin supporters need to do a lot more work in making their coins more visible. I was very impressed with how Ethereum launched itself a few years ago - they even managed to get the New York Times to do an article about them and their coin. That's the kind of marketing you need in order for an alt to even start competing with bitcoin. |
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No way for BCH to go much higher. Hype is over and there is nothing that will bring more money to the market.. There is no use for it
Sadly, I agree with this. They haven't really built a community or established an ecommerce network - and they needed to do that to succeed, otherwise what's the point of the bigger blocks? |
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any prediction is not a problem. but this is the crypto world. anything can happen. I personally still believe bitcoin will have a value of more than $ 10,000 after halving occurs. yeah, they think like that. because for the past 10 years bitcoin has no important function other than just for trading and transactions. so the more difficult bitcoin is mined, it can make the miners not continue. This is in my opinion about the statement you wrote.
I think what will happen will be more like what happened during the Litecoin halving in August. Prior to halving the price climbed to $150, and once halving happened, people took profits and the price plunged to the $50 range. So - if bitcoin emulates this, it will go to about $12,000 to $15,000 before halving. Afterwards people will take profits and it will settle back where it is now: about $7,500. |
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Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys
The price of gold is manipulated even more than the price of bitcoin. I really think that people will move away from gold (apart from owning jewellery) because it's basically very difficult to buy and sell. |
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I will give it a try COINBASE first thing tomorrow since it's really late in my timezone.
Coinbase tends to be even more draconian than Kraken. They won't tolerate VPNs, sending coins to gambling sites, the list of stuff they ban is very long. Both Coinbase and Kraken are based in the US, which is why they behave like this. Where are you located? Is there an exchange that serves your home country that you can try? |
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Calm guys.
OP just made a comparison based on his own research and preferences. I don't see any biased nor telling people what exchange should be used. In the past, I read some of their articles and I admit some of them are interesting. Way better than those newcomers who will just create a thread then post their article link and done. Getting traffic is not a problem as long as the content does make sense.
In this article, OP made a comparison on some of the specific and basic things that users are looking for e.g fees, liquidity, interface, user-experience, security. I found this as a good reference and not trash.
Although OP made a verdict at the end, it doesn't mean anyone should follow it. It was clearly stated at the end of the article that both exchanges are exceptional in their own way and each person has it's own preferences.
It's a good article, but other people on this thread are right in that the "best" exchange depends on your personal circumstances. If you are in Europe for example, Kraken is best simply because of the ease of withdrawals combined with the liquidity of the euro/btc euro/ltc pairs. If you are outside Europe, that stuff doesn't matter. |
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I don't think there is any correlation with shares.
There is however a correlation with the dollar. When the dollar weakens, both gold and bitcoin rise. When it strengthens, both gold and bitcoin weaken.
The big development in 2019 was the Fed deciding to cut interest rates this year, which weakened the dollar from Jan to August, with a corresponding rise in gold and bitcoin. (Bitcoin rose from about $3000 at the start of the year to nearly $11,000 by mid year.)
However economic data coming out of the US has now improved, and it looks like there won't be anymore rate cuts - which is why the dollar is strengthening again.
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I also like his idea that companies who are operating in Italy are penalized if they do not accept credit or debit card as mode of payments for their customers. One thing that Italy should solve is those who are “unbanked”. Of course, not all Italians have a bank account or qualified to have a credit card.
Enter Bitcoin and other cryptocurrencies. I think this is a baby step towards full cashless society, and I strongly believe that Bitcoin and other cryptocurrencies will also be part in their future system. What do you guys think about this?
Is it really hard to get a bank account in Italy? Shouldn't be the case in an EU member country. It isn't hard to get a bank account in Italy at all. People use cash because they get a discount for using it (the vendor doesn't bother to charge VAT). Of course this upsets the government because they depend on VAT revenue. |
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the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?
if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?
It will always depend to your choice but most of the investors didn't think the same way, if you are investing there is always a risk but in stablecoins the risk is not that high so others are choosing it if they just want to deposit their money without thinking about the interest. All stable coins are not reliable, that is my motto as everything can be stop anytime if someone or the government will unite to stop it therefore even if they are stablecoins there is always a risk. But most of the investors are preferring with high risk investment as the return is pretty high also. I disagree, the risk is higher. Stablecoins are all pretending that they are linked to fiat and have fiat reserves. As soon as you make a claom about fiat, that gives governments the right to close the coin down. Because only govts control fiat. If you are pretending that your coin is just like fiat, but it's issued by you, you are commiting a fraud. |
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I would like to know the best way to mix bitcoins. So far, I have read about converting to monero and then back to btc, I have read about using exodus wallet and then also seen the service of blender.io. I am not sure which service to use as it has been a very long time now since I have used a tumbling service, I would like to know which would be best to use.
Converting to an alt and then back is an excellent way to mix bitcoins. Use an exchange, so that the sending wallet which sends out your bitcoins has a diferent address to the one you used to deposit the coins. |
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I think that you can find other ways to monetize, in addition to fees. Fees must remain in the past.
What other ways? Exchanges have four methods of monetisation: 1. fees applied to trades 2. fees applied to withdrawals 3. profits made from using members coins and lending them out. This is super risky 4. the exchange using members coins to trade for themselves. This is also risky - if the exchange loses, that's the members coins gone. Fees applied to trades is the least risky option. |
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