There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?
Are you sure that blackrock isn't messing up the Bitcoin price? At current level it is the best time to buy Bitcoin. So I won't be surprised if the news of 500 billion USD investment is actually true. I won't be surprised if blackrock suddenly emergence as the biggest institutional Bitcoin holder of all time. A lot of manipulations are on going in the background. After the approval of ETF, we all thought that Bitcoin price will touch a new all time high. Clearly that isn't the case. Someone with far more power than we can imagine, is surely messing up with Bitcoin in the open market. |
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Yes! After cracking down on Bitcoin mixers, US regulatory agencies are now going after the decentralized exchanges. After all they want to stop all kind of cryptocurrency activities where KYC data is not required. So there's no surprise that CFTC has recommended certain actions against decentralized exchanges.
If there not able to effectively crack down on decentralized exchanges. They will start implementing punitive actions against the users. Mark my word. US government will go to any extent to stop Decentralized exchanges. What we are seeing is just the beginning.
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Lol! No real world business can generate 10% income on their investment. So this looks like a ponzi scam to me. Anyone can create a token and can declare rewards even at 100% a day. But that does not mean this project is a legitimate one.
Money cannot be created out of thin air. Yes such projects get listed in pancake swap as it has become a hub of scam coins. So if you are getting this coins for free, go ahead. But do not invest your hard earned money into it.
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Small answer to this small question!
ETF is good for Bitcoin but companies like blackRock or Vanguard are harmful. The amount of money these companies control, it gives them enormous power to manipulate the Bitcoin market as per their wish. Can you see what is happening in the market now?
Everyone expected Bitcoin to reach 50000 once the ETF is approved. But in reality the price has dropped down which gives these big corporates the power to purchase more Bitcoins so that they can create a dominance in the market. A lot of drama is yet to be unfolded.
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Well that was expected to happen! ECB proposed a draft bill sometime in 2022. It is now becoming a binding legal bill. Overall it's not a very good news for the Bitcoin whales who likes to be involved into illegal things. But a common person with reasonable amount of Bitcoins in holding, should have no problem. I don't honestly see an issue here because as long as you can explain your transactions, there shouldn't be any problem. We cannot deny that cryptocurrencies can be very easily used for illegal transactions. As a supporter of cryptos, I certainly do not want criminals to be a part of this network. So if a legal bill has been passed to control the illegal transactions happening in cryptocurrency, we shouldn't have issues.
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This so called Nigerians yahoo! yahoo! Boy?s have made the government put an eyes on young guys making money at an young age,
Can you take a look at this how an officer of the law stop me at the high was when going to class and was asking me if I scam people for a living and I just told him I am into bitcoin trading and investment so he ask to see my phone, so I said to him officer there is nothing on my phone, so I showed him my phone it was an apple product and the officer shouted and said that I?m a yahoo boy just because of the costly phone I was using this was to hard for me to take I try to explain that I am not a scammer so I showed him my phone and I left.
Guy the so called yahoo boy have painted our names with the wrong color this was very embarrassing to me
This was a very big shame to me.
I condemn search incident. But you cannot deny the fact that a lot of nigerians are actually involved into international scams. Even in my country, a lot of nigerians were arrested by the police who were involved in banking frauds. So the global reputation of Nigeria is going down due to such incidents. It's great to know that the local government is trying to curb such activities. The incident that happened to you are just collateral damage. I know you are furious but it is for greater good to stop the nuisance from the root. Nigeria is one of the best countries in African continent. I hope they will be able to recover there lost reputation soon enough. |
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Considering the increasing interest from institutional investors, what impact do you think it will have on the overall value and perception of Bitcoin in 2024?
I for one, personally think that Institutional investors have the potential to significantly impact the value and perception of Bitcoin in 2024. Their involvement brings more legitimacy and stability to the market, which can attract more investors and increase overall confidence in Bitcoin. As institutional adoption grows, it could potentially lead to a higher demand for Bitcoin, driving up its value. It's an exciting development that could shape the future of Bitcoin!
What do you think?
I don't know whether the institutional investors will do any good to Bitcoin! The market was heated up when there was a potential to approve Bitcoin ETF. But that afford trend is nowhere to be seen now even after it is approved. That's quite surprising! Probably something is going in the back end which we are not able to understand. I personally didn't like companies like blackrock entering into Bitcoin market. Because with the kind of money they hold, they can do anything with Bitcoin as per their wish. Institutional investors are are real threat to this decentralised economy. I think in 2024 the Bitcoin market will remain positive. However the retail investors like me will take a very cautious approach. |
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How would you pitch something like this to let's say a property management company if you offered general contracting services?
For example you'll renovate a house in exchange for a property/land parcel they own. Or a vehicle.in exchange to paint a dealership.
Or give service for equity/stake in a company. The possibilities are kinda limitless.
This would be done in an official capacity. Not sole proprietor.
It's called bartering and it's the most oldest mode of value transfer. Just the goods and services were upgraded but the basic intent remains the same. In My City a lot of such trades happen quite legally. I am sure it is legal in other parts of the world as well. The only thing you need to keep in mind that whenever you are offering goods or services in exchange of something, that goods or services should bring similar value to the other party. The concern is that the value is subjective and often changes from individual to individual. Before beginning, check with a lawyer if such kind of trades are legal in your province or not. Otherwise it might bring in legal troubles for you. |
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Both Fiat and cryptocurrencies are prone to hacking. With global slow down of economy and millions of job cards from major tech giants, what else can we expect! It's unfortunate that hacking activities are increasing, but the benefit of centralised banking system is that, hak Money can be tracked and can be credited to its rightful owner. That is not possible with cryptocurrencies. Probably that is a down side of a decentralized economy.
So neither your Fiat nor your cryptocurrencies are safe if you do not know how to keep it safe. It's a Flawed argument to prove decentralized ecosystem is better than the centralized one.
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That's quite surprising! USDT is a centralized cryptocurrency where the issuers have the power to block any transactions or wallets. They have done it multiple times before and they can do it again. So it's surprising to see that a centralized crypto is being used for illicit transactions. Ideally cryptos like XMR are supposed to be used for such transactions the way it happens in the black markets. Is USDT knowingly allowing such transactions to happen using their network?
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___
Officially, only 50% are scam and unsuccessful projects
50% !!! The percentage looks smaller than expected. I thought over 85% cryptocurrencies have failed. I am not sure if Coingecko has considered every single cryptos were launched so far. Probably they had created some entry barrier to appear to their list. Crypto market had become like wild west during ICO time where every single day we used to see at least 30 - 40 new ICOs launching. Then we had IEO 0hase and then IDO. The number seriously doesn't look correct to me. |
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Last week a landlord and tenant in Argentina signed an agreement that his monthly rent would be paid in bitcoin. They made history as this is the first of its kind in Argentina and in the world at large. Those who have been closely monitoring Argentina's news, starting from the campaign elections, will likely find this development particularly gratifying, as it signifies the president's commitment to fulfilling promises made during the election. If you recall in December 2023 the government of the nation had okayed that bitcoin can be used as a currency in contractual agreement and and now we witness the practical implementation of this decision. What is the next " bitcoin first of its kind in the world thing" are we going to see come out from Argentina and what are the possibilities that this type of sanctioned on the use of bitcoin as a valid currency in contractual agreements would spread to neighbouring countries? That's the thing! Unless and until government is favorable towards bitcoin, it's very difficult for Bitcoin flourish in that country. As the President of Argentina is supporting Bitcoin, we are seeing such wonderful incidents happening. But if the government didn't support this, Bitcoin was never mentioned in a legal document such as this. I know this one incident might not change anything or might not impact a lot of things. But that's a start! Everything has a humble start and we are just standing at the beginning of something big. |
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That's true! As per the news, BlackRock owns around 11,500 bitcoins as a part of their ETF offering. https://www.thestreet.com/crypto/markets/blackrock-becoming-largest-bitcoin-holder-in-worldThis is a significant amount of Bitcoins they are holding. I think they will keep on buying more as and when the market dips. That's a significant risk for a decentralized ecosystem like Bitcoin. I never preferred institutional investors in this space to be honest. They just ruin the game of the retail investors like you and I. |
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As we all know we have been recently getting mails from our banks asking us to try out their Erupee apps. The Erupee copilot program was started in December 2022 and it has been almost a year now. Until October there were roughly 25000 transactions per day but since RBI has poked banks to pump the transaction volume they have done a few things. Banks like Kotak, HDFC, Axis etc... have started giving employee benefits to their employees and spiked up the transaction volume. As per latest data there are around 1 million transactions happening on the CBDC ledger. May be banks will now reconsider the UI/UX of their apps and start improvising on it. Source: India's digital currency transactions top 1 million/day in DecemberHas anyone used the E Rupee in this forum yet? I have receiving emails from my banks but didn't yet sign up for this. Can anyone share their experience here? It will help others to understand more about the system and might encourage people to sign up for it. The only reason I didn't sign up, is to avoid additional surveillance on my account. I am very much concerned about this. |
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Buy allowing BlackRock into the cryptocurrency market, SEC puts us in a grave situation. While majority of the people thought that Bitcoin price will increase, in reality it is decreasing. This allows blackrock to become the largest institutional holder of Bitcoin. They will have absolute power to manipulate the market as per there wish.
That is exactly what I feared and it seems it is now a reality. Welcome to the world of Wall Street manipulation.
"Sell on the news"(C) https://www.coindesk.com/business/2024/01/11/ubs-will-let-some-customers-trade-bitcoin-etfs-contrary-to-rumors-source/"UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors The banking giants' decisions contrast with Vanguard's decision to bar customers from buying bitcoin ETFs." It seems that banks are tired of being fools and prohibiting clients from legal investments  Lol! That is a news to cheer on. My concern is not on the news. Manipulation is real and someone with a very deep pocket like Blackrock, poses a real threat to the decentralized bitcoin ecosystem. They have so much power that they can make all major newspapers around the world to publish negative news on Bitcoin at the same day so that the market can crash. Then when they are done buying Bitcoins at the lower rate, publish all previous news as FUD and encourage people to invest in it. Black rock is the biggest investment company in the world. The amount of manipulation they can play with any market, is un imaginable. |
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Remember "Not your keys, not your coins"? Bitcoin was intended as a decentralized digital currency.
Futures ETFs and spot ETFs are as far from Bitcoin's intended purpose as you can get and they serve to make banks more money while giving them more control.
Does anyone else see what is happening here? The silence is deafening!
Bitcoin ETF is not essentially bad. Because it brings in liquidity into the market as long as the ETF is a physically settled one. But it all depends on who is running this ETF. Companies like blackrock, has enough money to control the crypto market. Probably that's what we are seeing now. After the approval the market has gone down where blackrock were able to score a huge amount of Bitcoins from the market. So that shows the power that big companies hold. Definitely an ETF is not serving the main purpose of a decentralized currency. But I am more worried about the manipulation that are going to come into the market. |
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Hey crypto mates! Let's take a stroll down memory lane and chat about the wild ride of ICOs – the good, the bad, and the "what-were-we-thinking" moments. Remember those ICO mania days when every token seemed like a golden ticket? Fast forward to Reality Check City.
Share your war stories, victories, and facepalms. What lessons did you learn from the ICO rollercoaster? Maybe your crystal ball predicted the next big thing, or perhaps you've got scars to prove otherwise. No shame, we've all been there!
I will not share war stories but I want to share the lessons learnt. The lesson says not everything is gold that glitters. Every hype made some millionaires, especially those who have adopted at a very early stage. But those hypes died faster than expected. The similar kind of learning we get from the NFT madness. It has made multiple millionaires during its early stage. But it died faster than ICO menace. Never jump into something which doesn't bring any value to the table. |
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Buy allowing BlackRock into the cryptocurrency market, SEC puts us in a grave situation. While majority of the people thought that Bitcoin price will increase, in reality it is decreasing. This allows blackrock to become the largest institutional holder of Bitcoin. They will have absolute power to manipulate the market as per there wish.
That is exactly what I feared and it seems it is now a reality. Welcome to the world of Wall Street manipulation.
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It's not called paving way for Indian exchanges but rather stopping users from trading because no one would like to pay those exorbitant tax amount for every trade when they can barely make profit by paying such hefty charges. These unnecessary restrictions will only lead people to use tools like VPN to bypass the block placed by Indian government if it ever happens. We shouldn't stay back with this technology and earning opportunity afterall it's bringing more money to the country which will be spent mostly within country this contributing towards tax. If there are too many restrictions then big traders will shift their base like it happened in China. Won't disagree to your thoughts. Because the goal of Indian government is to curb the usage of cryptocurrencies in India. The Reserve Bank of India is still dead against cryptos. Read this, https://www.businesstoday.in/industry/banks/story/crypto-trading-is-just-gambling-rbi-governor-shaktikanta-das-seeks-ban-on-cryptocurrencies-360210-2023-01-13So if you expect a favorable legislation here, that's not going to happen. It's just Indian government is not imposing an outright ban, rather trying to discourage people from using it. It's like slow poisoning. |
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Ever wondered if cryptocurrency is the unsung hero in the realm of cybersecurity? It's like the quiet friend who always has your back. Cryptocurrencies, with their decentralized nature, seem to be throwing a subtle shade at the vulnerabilities of traditional financial systems. No big banks holding all the keys here! Just the distributed ledger silently doing its thing. It's like having a covert agent safeguarding your transactions. I would rather say that crypto currency is the biggest friend of the cyber criminals. Majority of the international money heists are done using cryptocurrency. Exactly due to the decentralized nature, it is next to impossible to recover stolen funds. All ransomware attackers take ransomes in cryptocurrencies. So decentralized nature of a cryptocurrency comes with multiple negative points as well. While cryptos are more secured, it also comes with anonymity. Which is greatly helping the cyber criminals to siphon their funds to an unknown location. What is your thought about that? |
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