Crypto exchange Bitfinex holds bitcoin on its balance sheet. Bitfinex has historically kept part of its trading fee earnings in bitcoin, a source said. Bitfinex's sister firm Tether is the 11th largest bitcoin holder. https://www.theblock.co/post/248984/bitfinex-bitcoin-balance-sheetWhat do you guys want to say on this? I am sure every exchange holds Bitcoin on their balance sheet however maybe Bitfinex is holding more? I would love to see if we can get a clear amount of what exactly they hold. We know that very well tether is a ticking bomb. It will put a big hole into the whole industry and it will be bigger than Luna, UST, and FTX combined. Keeping part of their earning in Bitcoin is a good move by them. Most of the exchanges do it I think. Big exchanges keep their holding in bitcoin not only for investment purposes but also to manipulate the market. Most of the manipulating happens in bitcoin market done by these big exchanges and whales. I think binance is holding more bitcoin that bitfinex because of its size. |
|
|
|
Hey everyone! I would love to invite everyone to visit Madeira Island, in the middle of the Atlantic Ocean, for a pure signal BTC conference plus vacations. Check it out at bitcoinatlantis.com Cheers  Michael Saylor, Jack Dorsey are really going to attend the events? 42 euro for an event is not bad. Who are the organizers? I have just checked it seems legit to me. |
|
|
|
I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.
In terms of fiat value, bitcoin has two advantages. It has limited supply so the more new users come to the crypto space the more bitcoin is getting out of circulation which initiates supply and demand principals. Also, fiat is inflationary in nature due to its unlimited supply. So from both sides, it's getting benefits and we are seeing a price increase from its launch. Practically the price of bitcoin will keep rising as long as it's getting those two or either one of those benefits. However, the increase of the bitcoin market cap will decrease its ROI as well in terms of fiat value. That means late investors will not get the level of ROI that the early investors got. |
|
|
|
|
Current number of post (Including this one): 391
Rank: Full member
bech32 address: bc1qlg6wdsyerkhkgr8jj4pfee5c2xlk3ygt9za6wj
Merit earned in the last 120 days: 23
Reapplying for Avatar and Signature campaign
|
|
|
|
I have came across some questions today while I’m reading some areas of bitcoin, these are the list of my questions.
Many thanks to all of you for your explanation.
There is a saying that "Learn before you earn". If you want to invest in something learn about it. Learn about its weaknesses, strengths, opportunities everything. Otherwise, you will just be gambling your money. 1. What is the procedure for purchasing and selling Bitcoin, and are there any crucial elements to take into account before beginning?
There are many ways to buy bitcoin. You can use your fiat currencies to buy bitcoin through 3rd party services like paypal, binance, coinbase or through a bitcoin wallet app that supports fiat payments. 2. I'd appreciate an explanation of how Bitcoin mining functions and how it maintains the security and reliability of the Bitcoin network.
It's hard to explain the full story in a few words so here is a place where you can know the fundamentals easily. 3. Why is using Bitcoin better than using conventional currencies?
It depends on why you want to use Bitcoin in the first place. If you want to use it for making payments there are other better options as well but they will not match the volume, security, and decentralization of bitcoin. If you want to hold it as a store of wealth then I want you to look at the historical chat of Bitcoin. A shorter timeframe can frighten you but a longer time will put a smile on your face. Since its launch, it only raised in value. |
|
|
|
I think there’s a very strong chance that we still end the year around $40,000. I think that a 4th quarter rally could kick off in October and send the market >50% higher before year’s end. This would mirror action that we saw in 2015, which I think may be a good indicator for where we are headed given the similarities in position in the 4-year cycle. Strong buy!
That will be bad for me. I was thinking that i would get 7-8 months more to DCA before the market takes off. Long story short don't mind the spike either as long as i am holding some of it. Cheers! |
|
|
|
At first, i thought it was good news for the crypto industry but when I read the article my joy faded out. Users can pay by cryptocurrencies through PayPal. What are the points of paying cryptocurrency then? I will just use Fiat to pay my bill! There is no mention of whether they will accept Bitcoin or not but they have said they will accept PayPal cryptocurrencies which could mean their own stablecoin. They have also said that a user can select any specific Crypo currencies to pay bills so there will be multiple crypto assets that will be accepted and Bitcoin can be among them.
This might not be a good news for those who wants to remain hidden while paying with crypto because for them it will become hard to remain anoynmous while paying with crypto via PayPal. But if we see from another angle that people holding BTC and other alts will then tend to pay with that tokens or coins and in reault more supply will be in circulation rather then just staying in holding. Which is a good good thing for crypto like BTC. Because the supply people will use to pay expenses is not meant to remain in holding. That supply will keep the balance between withdrawals and depositing ratio. But all they want is to force people who are interested in crypto to adopt the PayPal because it is centralized and the there stable coin PyUSD is also Centralized and they have also partnered with ETH blockchain which is a hub of centralization. Governments wants people to use crypto in a way where they can be tracked and will be imposed huge taxes. Taxes are not bad but huge taxes which are just a result of manipulation is bad. Paypal does not provide a non-custodial service I think. So even if someone pays their bill in bitcoin through PayPal it will still remain in PayPal hot wallet unless one party wants to make a withdrawal. Using their service to pay in Bitcoin can be dangerous as well. They will control all of their customer funds so a large portion of the funds can be used to manipulate the market as well. How do you know they want to put huge taxes? Legalization is not a bad thing if they don't have any bad instincts. Legalization will bring more people into the crypto space and they will try to use it as long as they need to live under a government. No one wants hassle in the first place. |
|
|
|
Governments and Banks will never use Bitcoin, because they need to manipulate and control it.. for them to support it. Take a moment and think about the control they have over your wealth....
1. They can block your account anytime they want.
2. They can see your balance and all the transactions you made.
3. They can block transactions to certain organizations. (Wikileaks... BackPage)
4. They can report all this information to the government, in turn for unlimited bailouts when they fail.
5. They can help governments to implement economic sanctions against whole countries. (SWIFT payments)
Why would they sacrifice all of that control to support something like Bitcoin, where they have none of that?
They can not stop the adoption as well. You can hide your track online and there are certain ways to do that. They can not control it either so what they will do? They will probably use a 3rd party service controlled by them and if you want to use your Bitcoin to pay bills or use services you need to go through that 3rd party entity where you need to do KYC. We have seen how big exchanges are implementing mandatory KYC policies. Most people will happily accept it because they invested in Bitcoin for money and want to use that money legally. So the government will provide a legal framework and try to wrap up a decentralized system with a centralized one. |
|
|
|
I have seen a similar post here on the forum in relation to this where the company is willing to accept bitcoin payments from their customers, but that's in connection with PayPal, which requires the customers to pay both the fee that they will be charged and that of PayPal, which I see as something that will relatively cost more than using a normal payment system.
I don't see all this kind of crypto news as something beneficial to bitcoin, but rather as a promotional strategy by the PayPal company to expand their business to the next level, where they have to partner with big companies in agreement to some terms with respect to how both will benefit from such business.
But ordinarily with such terms, unless those who have crypto on their PayPal already and don't have anything to do with it, that will easily be the idea for those who want to try out some kind of new payment system, if not the terms, requirements, and fees are not much different from normal fiat payments either with bank transfer or cash deposit.
I won't mind getting free marketing. There are people who still think Bitcoin is a scam and most of those people fiat currencies through PayPal or other services. Some of these people will definitely be interested in Bitcoin after seeing these. Paypal just wants to expand their business and they have no love for bitcoin but they recognized the demand of bitcoin among their users. Bitcoin will be recognized by more people through these big companies. |
|
|
|
Why you are interested in the source code? Do you want to build anything for your or the forum? I haven't seen anyone looking for the forum source code before. |
|
|
|
At first, i thought it was good news for the crypto industry but when I read the article my joy faded out. Users can pay by cryptocurrencies through PayPal. What are the points of paying cryptocurrency then? I will just use Fiat to pay my bill! There is no mention of whether they will accept Bitcoin or not but they have said they will accept PayPal cryptocurrencies which could mean their own stablecoin. They have also said that a user can select any specific Crypo currencies to pay bills so there will be multiple crypto assets that will be accepted and Bitcoin can be among them. Source: https://dmv.colorado.gov/press-release/mydmv-now-accepts-cryptocurrency-as-payment-for-dmv-services |
|
|
|
|
They have chosen crypto over fiat due to high inflation. It seems overexaggerated but not impossible at all and I can see why. They are losing their wealth every day due to inflation and they need to find an alternative. There isn't any better alternative that is more convenient than crypto so if the number is not 50% I think it is more than 30% already. We have seen how Venezuelans, Sri Lankans, and Jordanians were using crypto as their payment system and the thing is most of them are not amazed by the innovation. They are forced to use crypto because there isn't any better alternative.
|
|
|
|
|
If a financial system works well for a hundred years that is not bad at all. In the meantime, technological advances will bring something new that can do even better. Technology is always evolving and our economy as well. There was an era when people traded with gold then came fiat currencies Now it is time for digital currencies. Who knows what lies in the future? Maybe by that time, people will trade with stored energy.
|
|
|
|
Hearing about Blockchain and cryptocurrency, I got to know that they offer a decentralized system of finance, where each user has control over their crypto, deciding on how and when to use their crypto.
But again, I've heard about investors losing their money in crypto due to irregularities from the project owners. And this brings me to wonder if these teams still have control over the crypto that is supposed to be decentralized? Or is it that some cryptocurrencies are decentralized while some are not?
In our current crypto market bitcoin is the only decentralized coin. Though there are some other altcoin that is almost decentralized it is not as good as bitcoin. In the crypto space those who say they are decentralized they actually talking about their service being decentralized. Most of these projects create tokens to raise funds for the project development when they keep a big portion of the token for themself. If they succeed with their project their token value increases if they fail they just dump their token. |
|
|
|
Does this club have a name and website URL? It's new idea there is no members.
But it's starting time now and world are in chaos it's best time to join now we live in times when you might need to relocate yourself then it's good If you have connections all over the world.
Yes it is exclusive club. No website, name: Elite Club But it Will be on Telegram soon. So you have no website, no office there is a telegram group coming soon and now you want people to give you 77$. Impressive idea! |
|
|
|
|
Yeah, an elite club is trying to raise funds in a forum like this. I can see how elite the club is! Why the hell does someone pay 154$ to be a club member when they need to pay their hard-earned money to other members? I can not find it appealing. It's hard to earn money and you want others to join your imaginary club which will not bring any benefits to their members at all. Is that a charity club? If it is then why you introduced an MLM system to your members?
|
|
|
|
|
This not not something new. We all know that China news creates a great impact on the crypto market. In every bear or bull cycle, positive or negative news affects the market or starts a bull run. This news was something unexpected in this time because we saw how their govt took strict policy against the bitcoin miners. Their court's decision to let their citizens to keep their crypto currencies as legal property points towards that we are very close to the next bull cycle. However, I believe there can be a big dump before the start of the next rally.
|
|
|
|
|
Thanks, i have received my weekly payments and i will update my avatar as recommended.
|
|
|
|
I am just thinking how powerful a news event can be in crypto. One single tweet and BTC touched 28k. This is a great moment for Grayscale I am quite sure but is that for Bitcoin as well? I have just heard the news that BlackRock will do another fork of Bitcoin which will give them free coins themselves. This will also attract some of the bitcoin miner from mining the legacy BTC as well but what if Blackrock turn most of the miners towards them to mine their hard fork coin? They have a lot of money for their new project if they are really doing this idea. This can be rumored as well. Source: https://twitter.com/VirtualBacon0x/status/1696326341170221382This big institution can bring a lot of money into the market but their dominative nature is not good for any market. |
|
|
|
|
When the market is crashing or when you have money to buy it. You are asking for advice for investing in bitcoin which means you have a level of interest in it and you believe that it can bring you something good in the future. If this is true then why ask others when is the right time? Just use your savings to buy BTC instead of keeping that in a bank. This will help you fight inflation and will be beneficial for your future.
|
|
|
|
|
Show Posts
