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Well it's a psychological matter op had suggested. I think it wouldn't have a lot of impact because whoever is jumping on altcoins with a speculative mindset, they will stick to their intention to get Rich quickly. There is nothing else in their mind so this transition from bitcoin units to Satoshi wouldn't help here!
Also the way bitcoin market is progressing, the transition from bitcoin unit to Satoshi seems inevitable for easier calculation in a few years from now. But again that wouldn't change the mindset of speculators in any way!
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I wouldn't say that I didn't hear about REITs but never got to know about a real REIT company which can be entrusted with my money. If someone can redirect me to a proper REIT company (a genuine one) then I would try that route as well.
However, there are many HYIPs are running into the market in the disguise of real estate investment. So it is really difficult to find a genuine. Also do they accept investment from any country of the world? Or do they have any special requirement?
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Just one question. What do you mean by Unsecured Lending system here??
It seems people need collateral to borrow money from bandot project. Which is basically same as any other crypto lending platforms. So I see no reason to call Bandot project as unsecured lending system.
Can you please explain?
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I am sure it's not the first time crypto mixers are under threat from the authorities. In past we have seen such actions on few other crypto mixers like Helix and Coin Ninja. There could be more and I am sure such kind of actions will continue to surface every now and then.
Cryptos and privacy coins are really a great headache to the financial regulators around the world. So I don't see such actions stopping at any point of time.
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It's not official yet. I have checked the press releases of JPM Chase but couldn't find anything related to this one, https://www.jpmorganchase.com/ir/newsSo I believe it is just either a speculation or a news from some senior official of JPM Chase. If indeed it becomes true, I don't think that is going to impact the bitcoin market in any financial way because I highly doubt that they will invest in bitcoin directly. Rather they will choose some bitcoin linked fund or derivative instruments. Let's wait for the official news! |
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Take note:
1. Elon Musk probably haven't sold some of his bitcoin (based on his claim).
2. Tesla, as in the company, has sold some of their bitcoin holdings.
These are 2 very different things.
Exactly it is! Elon holds bitcoin personally which he has not sold to the market. But Tesla indeed booked profit. But I believe that was expected to many people. Tesla is a business organization and they are here to make profit. So it's no harm if they have liquidated some of their digital asset holdings to book some profit from their investments. I believe Square or Microstrategy will also go down to the same road sooner or later. After all they are business entities and not a charitable organization. So if we cheer when they entered into the market, we should also be prepared for when they exit from it! |
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Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shibi, HOGE, who will be the next Dogecoin？
Or is there only only one unique Dogecoin？
I believe no! The only reason dogecoin went through the roof is because of the stellar support and free promotion from Elon Musk. If the price had to increase only because of the merit of the coin, we would have seen that earlier. But that never happened and it went up only after the support from Elon Musk. However, since now a big percentage of the crypto mass is buying dogecoin, the rally could continue and it may not go back to its previous price point. |
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-Bitcoin does not scale: When comparing BTC transaction rates to those of other payment systems, such as VISA, this seemed to be a significant issue. This contention has been refuted by the lightning network and the technology behind the second layers No system is flawless and bitcoin is no exception. Scaling was indeed a big issue now because more and more users are using bitcoin and the capacity of the network is slow in handling them. LN is definitely helping but it is an off-chain solution. Also LN is still not popular amongst the users. -Bitcoin is not used for commerce: This is partially accurate when the amount of transactions for goods sales is compared to its market cap of $1 Trillion. BTC, on the other hand, is still in its early stages of being capital. It is currently too valuable to be used for daily transactions. This one is linked with the legislation. Any licensed Ecom entity will not use bitcoin unless governments come up with a favorable legal structure. Having said that, we have solutions like Bitpay to spend cryptos in Ecom websites. -Governments will see it as a hazard and will control it or outright prohibit it: To be honest, governments who depend on the ability to print money out of thin air (rather than earning it like the rest of us) SHOULD be concerned about BTC. In practice, the only way to avoid it is to destroy the internet, which would have disastrous economic implications in and of itself. Governments that do not accept and promote Bitcoin would fall behind in the global economy. Governments around the world are seeing it as a risk because they are unable to control it. Also they are facing pressure from the banking lobby against bitcoin. There's no easy solution to it unless some progressive government shows the way! I think only these are the real issues. There might be more but depends on how you want to look at it. |
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Tesla is a business entity and Elon is a businessman. So everything they do is an attempt to make profit. So I am not really surprised to see that Tesla booked profit from some of its digital asset holding. That was expected and I believe many other people thinks in a similar line. I wouldn't be surprised if Microstrategy does the same at this price point. It would be surprising to me if they don't book profit now.
So don't get disheartened whenever these big businessmen buys and sells digital assets. That's what they intend to do, to make profit. HODL is for the common people like us!
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I am more excited about cryptocurrency in general than about sportsbet company. They are predominantly a cryptocurrency casino even though fiat is also accepted. So when they are associated with big names like this (not the only one though) cryptocurrency gets a lot of visibility to a new segment of crowd. This is indeed great in general for the crypto market because the chance of adoption goes up and people from a different segment of society get awareness of cryptocurrency.
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Quote from the article, From December 2007 to November 10, 2011, the Federal Reserve, secretly and without the awareness of Congress and the people, funneled about $19.6 trillion to bail out the big banks on Wall Street and around the world. I wonder how it is going to impact the bitcoin market now? Where exactly it is mentioned that FED purchase bitcoin ETF and related derivative instruments? Do you have a reliable source to this news? Bailout of banks has no power to influence bitcoin market. But if FED had purchased into bitcoin market, that could have big impact. But can't find any such information. |
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For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. https://cointelegraph.com/news/new-altcoin-era-dogecoin-liquidations-briefly-surpass-bitcoinI think the era of altcoins is coming. It's too easy to make a cryptocurrency by ERC20 such as BNB, USDT, VeChain or Snapbots,... You can find thousands of coins so far. Listing it on Uniswap, and you'll be rich! Not really simple like that but even you can do it. This time won't last long. But a lot of new crypto millionaires will emerge during this period. Well, that's a profit booking menace that happened! Dogecoin was constantly promoted by Elon Musk and we all have seen the result. At one time, I regret spending 2000 dogecoins in a cloud mining scam back in early days of crypto. But that doesn't mean that altcoin era is incoming. Altcoins were always there and have always grown stronger each time bitcoin shown bullish sign. The same trend is still intact. There will be bo separate altcoin era. |
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I think the op has misunderstood some of the concepts of bitcoin. It is not a privacy coin. Instead every transaction is open to public through blockchain and anyone can find the transaction done with bitcoin. So bitcoin has never promised privacy at the first place. If you want privacy, start using Monero.
Also if you have a problem with IRS rule, go speak to them instead of criticizing bitcoin. No country would allow their people to use a currency which is not controlled by them. So every government will try to gain as much as information possible on their citizen's crypto holding. US is no exception!
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What asset is better? Do you think at some point in the future Virtual Bitcoin will replace Physical Gold? Or will Physcial Gold eventually adapt itself to the digital era (virtualization of Gold)?
That's a very old discussion and discussed many times already. We need to understand that there should be no comparison between physical gold and bitcoin as they have different nature. So no asset will replace the other one ever! The physical gold is being used since many centuries and have become an integral part of human life. Bitcoin is comparatively new and has quickly become popular amongst the millennials and tech savvy generation. Both will stay in the market without replacing one another. I personally invest in both of them and that's how it should be! There's no need for a comparison. |
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I have been using Cred for last few months but very strangely I have not seen this advertisement in their platform yet. I should go back and check again but if Cred has really done this, then it's an excellent news. Because Cred has a huge client base and they are acquiring new users at a lightening speed. So it would definitely make some users intrigued about bitcoin and raise awareness.
Just wondering what will happen if bitcoin gets banned in India.
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Lol! I have always seen kids get frustrated whenever bitcoin's price goes down and they come up with theories that either promotes confusion or some other altcoins where they have invested heavily. This is another prime example of such frustration and just another rant. No need to take these seriously! Because none of the factors mentioned here, can kill bitcoin! The foundation of bitcoin is far more stronger than this kids can think of. Yes, if someone is looking at bitcoin as a pure and simple investment, they will be frustrated when they don't get desired result. That happens every time we experience a bull run. A lot of people start complaining about bitcoin because they didn't get profit out of it.
No need to take this seriously! Bitcoin can't be killed that easily!
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An exchange sells BTC to people. People pay full amount to an exchange. People cannot buy BTC without an exchange.
But an exchange is not the creator of BTC.
Does the exchange take BTC free of charge from the blockchain?
For insntace, in an exchange, the fee is 6.99%. When I buy BTC from the exchange using a card, I pay 106.99%.
6.99% is the profit of the exchange.
So who keep the 100%?
Who said you can't buy bitcoin from miners?? It's just that you need a deep pocket. Do you think the institutional investors buy from exchanges with commissions? Certainly no! The deep pocket investors buy bitcoin directly from the miners at a discounted price. That is only possible when you have a deep pocket! Now exchanges are business entities so they would need to charge commission to keep their operations running. Otherwise no exchange would survive. That's just business! |
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We are all aware that a major portion of bitcoin mining happens in China. But these centralization of mining operation poses a serious risk on the bitcoin network. If Chinese government decides to crack down the mining operations, that will greatly impact the bitcoin network, but only temporarily. New miners will join the network as the difficulty will greatly reduce and balance out the network.
In long run, the exit of Chinese miners will help further decentralization of the network. We will then won't have to worry about such crackdowns. China is a country where dictatorship exists. So I would take it as a net positive if Chinese miners exit the bitcoin network.
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Well! That's pretty much how illegal casinos operate in every country where gambling is illegal. And trust me, in South Asian countries like India or Bangladesh, police already knows where such casinos are being operated. They have weekly/monthly arrangements with the casino owners. There must have been a disagreement between the police force and this particular casino owner on the amount of money or something else and that's the reason why they were busted by RAB.
You will see a similar sight in a city called "Mahabaleswar" in India. In the main market area, you will see a lot of shops are operating casino boards quite openly. Do you think police doesn't know that!! Everything here is an arrangement made between police force and the business owners which is beneficial for both of them! In a country where unemployment is high, such kind of activities will never cease to stop.
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The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
Sounds like a daydream to me! Probably because you are ultra bullish about the adoption of bitcoin and I am not! Especially the third point where you have mentioned that bitcoin will become that single standard means of transaction in the world. That seems impossible! Currently the world trade is dominated by USD. That is a single major currency that is used in every international trade. China is also trying to use Yuan for international trade. So I don't think any of these countries won't let bitcoin take over this space. International trades doesn't work as per our own will. It works as per the laid out norms by respective governments. None of them would want to introduce a currency system which they can't control. So yes, it sounds like a day dream to me, for a good reason! |
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