В моем понимании держать это просто хранить у себя на кошельке, а не на бирже... То есть конечно же стопов никаких быть не может... Холдишь себе год-два, докупая, усредняя...  Тут пофиг етф или что бы то ни было... А вот если влезать в позу с маржой, то конечно сейчас самый опасный момент, при чем не важно в какую сторону торгуешь... Вынесут как вчера на битке в любом направлении, и может так случиться, что и стопы не помогут... Холдит не все могут, особенно когда прывык торговать на биржах. Только практика показывает что холд эффективна чем торг. Произведения классиков тоже рассказывают о том, как банкротились даже самые успешные трейдеры. Если чешется, то можно выделить депозит именно для торговли. Но если меня спросите где торговать, то я не назову не одной безопасной СЕХ, где можно держать более 5К долларов и не волноваться что не заблокируют. DEX в полькадоте к сожалению мертвые по ликвидности и объемам, с Эфириумом и Соланой даже рядом не стоят. |
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Now large investors do not need crypto exchanges; they can buy ETFs on large stock exchanges.
Yes, the only difference is that investment funds are forced to buy what it is worth for each satoshi that is printed, and therefore it is more likely that there will be dozens of platforms that may buy Bitcoin and there is liquidity for that. The only difference between them and CEXs will be that you can withdraw Bitcoin to your wallet in the case of CEXs, while you cannot do that with ETFs, but the target investor group is people interested in the value of Bitcoin, not Bitcoin. I am sure that in order to deposit and withdraw a large number of bitcoins from CEX will be a big problem for many companies. This is both the risk of blocking and the risk of storing an asset, and in the case of a spot ETF, this is more convenient for large players and companies will not disappear from the market. |
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Binance operated in the USA through the company Binance USA and they complied with all laws on the one hand, but on the other hand Binance USA did not have so much control over their counterparties. Which had its headquarters in a virtual office in Delaware and was incorporated with $100 in assets! Yeah lol! Next is the conspiracy theory.
Which only people who like to be brainwashed by something since they can't think on their own or don't like reality are interested in! It doesn't change the fact that CZ lied about its licenses in Singapore then Japan then Malta! It doesn't change the fact that Binance has no legal recognized headquarter anywhere in this world! It doesn't change the facts that there is no real audit on this company, other than a firm which cut ties with Binance after doing one! Show me your financial history.
Here it is! I agree with you that CZ and its crypto exchange have violated a lot of laws. But why is everyone silent about why regulators in the US allowed such a disgrace? And even now the Binance crypto exchange is the top in terms of trading volumes in the world and the Binance trading volume is 3 times higher than Coinbase Exchange. Merit for the music of the 80s. |
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I admit that I haven't looked at these statistics.
You should have! But think for yourself that the exchange needs liquidity and they can raise interest rates to 10 per annum or at least offer 6-7%. CZ pays billions in fines, and this is the money of the hamsters who lost it on Binance. Coinbase can do the same and make billions or more  First you have CZ - a foreign citizen running an unregistered and unlicensed exchange with a fake virtual office , not willing to disclose where it is headquartered, what laws it follows, banned and chased out of multiple counties, compulsory liar on top of that Then you have Coinbase - company based in the US, operating there by the law, listed on the stock exchange, which is forced by the law and presents statements every quarter about their assets and profitability, that can have its books checked every day and the IRS or FTC can have them in minutes So, which one would you allow to do run a business with your country money and which no? A Russian would tell you that "these are the same eggs, only from the side"(C). Looking at that country financial history, probably the last persons on earth to ask for advice! Binance operated in the USA through the company Binance USA and they complied with all laws on the one hand, but on the other hand Binance USA did not have so much control over their counterparties. Next is the conspiracy theory. Binance had problems with SEC and they solved them. And after that, Binance specialists actively helped FTX develop in the USA. And there were a lot of scandals with the FTX exchange. I agree with you, but the situation is always more complicated and we don’t know a lot of information. Blackrock invests in Coinbase and this is a matter of influence and interests, but in general it doesn’t matter who will cut the hamsters. ____ A Russian would tell you that "these are the same eggs, only from the side"(C). Looking at that country financial history, probably the last persons on earth to ask for advice! This is not advice, but folk wisdom. Show me your financial history. |
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Unlike Terra/Anchor/Luna, Coinbase's sole purpose is not to fulfill the 5.1% yield that they offer. Coinbase's main business practice is the exchange. This 5.1% might be paid from the profit that the exchange itself is making from fees. Are we forgetting their main business model here?
In addition to that, if it is considered a "marketing campaign" then this marketing campaign can simply be ended at any time.
I wouldn't compare it to Anchor. Anchor was proposing something that was infeasible and ultimately, was made on top of other risky investment products. There was not much other than new inflows that was keeping that project alive. I don't think we can currently say the same thing about Coinbase.
A Russian would tell you that "these are the same eggs, only from the side"(С). Terra and Coinbase are not producing anything. Their profit is hamsters' money. And the hamsters are also glad that they were given the opportunity to lose their money. Look at the fines the Binance case ended with. This is hamsters' money. Coinbase is profitable at any interest rate, but for now they are afraid to attract capital at a higher interest rate than in banks. |
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This is a political struggle for sphere of influence. The larger your sphere of influence, the larger your budget. This is how politics works in the US. Therefore, there are more than 20 special services that are engaged in similar activities. The CFTC was interested in having Bitcoin recognized as a commodity in order to gain more control over it. But the SEC doesn't want to give its piece of the pie to anyone. |
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Yes this is correct, unless you officially annouce your citizenship and pay your exit taxes, which are absurd as well. Not that I would ever do that but my goodness its so ironic that America was created due to taxation and now we are the most taxed nation in the world it seems like (I am not sure if that is true or not). Given what happened w/ Covid I would not touch Australia with a 10 foot pole! At least I still have my freedoms here in the US. Singapore would be great, but who is to say they don't get invaded in the future. If you want to find a great place to flee to that doesn't tax go to Cayman!
Before escaping the US, you should know about this story. This Russian had US citizenship, but he did not understand the consequences. Former Tinkoff owner Oleg Tinkov convicted of tax fraud and fined over $500 million https://www.cyclingweekly.com/news/former-tinkoff-owner-oleg-tinkov-convicted-of-tax-fraud-and-fined-over-dollar500-millionUS citizens now probably have the most difficult situation with taxes and, according to their law, tax crimes have no statute of limitations. |
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I now suspect the SEC, yesterday their x.com handle got hacked due to lack of third party security. A lot of investors lost their money because of the hack and today they approved all ETFs and announced it.
Everyone thought that as soon as the ETFs would get approved there would be a massive rally. That has not happened because those funds would take time to get into Bitcoin ecosystem. Overall a massive news for Bitcoin and hopefully a bullish year.
I think that soon, on the contrary, the price of Bitcoin will begin to decline. The big players knew about the approval of the spot ETF so they bought bitcoins in advance, and now they need to sell their ETFs to the hamsters on the stock exchanges. But there are few hamsters on stock exchanges, so ETFs are even offered to pension funds. As soon as the big players sell their ETFs, the bearish game will begin. |
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It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.
This is unfortunately not the case. Of course, without a court decision there will be no verdict, but with such a large body of evidence and the number of victims in the USA or South Korea, Do Kwon will receive a very long prison sentence. I studied the laws of South Korea and experts say that in the USA he has a better chance of entering into an agreement with the prosecution. In South Korea the laws are stricter. |
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While ETH is pumping, this thread should be flocked by most of those that are happy seeing it go up. But it seems that there's not that much on this thread but good to see that zasad is keeping up and have been an active contributor to this thread. Keep it up, mate. https://coinmarketcap.com/community/articles/659f86306d8fb40ed08a18e0/"Eric Balchunas has predicted a 70% chance of the Securities and Exchange Commission (SEC) approving an Ethereum spot exchange-traded fund (ETF) in May. The SEC has multiple Ethereum spot ETF applications to review by the end of May, including those from VanEck, Ark 21Shares, and Hashdex. While digital asset lawyer Joe Carlasare believes an Ethereum spot ETF will be approved this year, he cautions that the approval process may take longer than some investors expect. As the cryptocurrency industry continues to mature and gain regulatory acceptance, the approval of Ethereum spot ETFs could potentially open up new investment opportunities for institutional Investors." Ethereum has a good chance. The reason is in this post: https://bitcointalk.org/index.php?topic=5481086.msg63478636#msg63478636 I was just asking this and have it on the other thread. So there have been bunch of ETH spot ETF applications already, I think that we're going to see the same vibe on how BTC's was approved. The policy when working with regulators in the Ethereum ecosystem should suit everyone. White and black lists, blocking in smart contracts and a large number of level 2 solutions and even level 3 solutions will make Ethereum the main coin in the future. This ecosystem has all the famous stablecoins and huge trading volumes. |
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Twitter Member of the Legislative Council of Hong Kong https://twitter.com/Johnny_nkc/status/1745278907807658145"The US Securities and Exchange Commission (SEC) approved a spot bitcoin-ETF early this morning Hong Kong time. This move is an important step for the virtual asset market and also attracts more traditional investors and funds to invest in the virtual asset area. After the SEC adopted the spot Bitcoin ETF, I believe Hong Kong should dare to become a "leader" in the virtual asset field and lead the development of the whole industry through innovative policies. 1. The SAR government should promote the introduction of spot ETFs as soon as possible. The Securities Regulatory Commission has previously stated that it is willing to accept applications for spot bitcoin ETFs. I hope that with the rapid development and high competition of virtual assets, Hong Kong can take its place in the world as soon as possible. This will be the first opportunity to implement relevant policies and products in Asia and strengthen Hong Kong's ability to become a global virtual asset center. 2. Strengthening public education about virtual assets. With the growing attention on virtual asset products that meet global standards, the SAR government should immediately strengthen public education to increase citizens' awareness of virtual assets and reduce the number of criminals. Opportunity to use virtual assets to commit fraud." |
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https://techcrunch.com/2024/01/10/is-india-done-with-crypto/"Apple delisting a dozen global crypto apps — relied by big traders in India, in part due to its tax evasive properties — from its Indian App Store seems the final nail in the coffin, capping a brutal two years. The pending removal across Google Play, internet providers and beyond caps a journey mired with shutdowns, pivots and relocations abroad for Indian crypto startups. The web3 dreams of local entrepreneurs now appear dashed against the rocky shores of regulatory resistance. Some entrepreneurs are still fighting for the Indian crypto dream, requesting New Delhi reconsider the punishing 30% crypto tax. But the tea leaves clearly foreshadow what lies ahead. Lawmakers continue to painstakingly crystallize their stance."
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Quoting from the official SEC announcement, for the first time, Gary Gensler officially claims bitcoin is a commodity Importantly, today’s Commission action is cabined to ETPs holding one non-security commodity, bitcoin.
Source: https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023This means SEC will not practice any kind of regulatory oversight on onchain bitcoin activities in the future. Bitcoin was already a commodity, only now it is spelled out in law. There were no sales of Bitcoin, and who should the SEC bring charges against? If you read official documents, the concept of ETP is used there. This is the legal name of the ETF, which is used in documents. Now large investors do not need crypto exchanges; they can buy ETFs on large stock exchanges. |
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https://coinmarketcap.com/community/articles/659f86306d8fb40ed08a18e0/"Eric Balchunas has predicted a 70% chance of the Securities and Exchange Commission (SEC) approving an Ethereum spot exchange-traded fund (ETF) in May. The SEC has multiple Ethereum spot ETF applications to review by the end of May, including those from VanEck, Ark 21Shares, and Hashdex. While digital asset lawyer Joe Carlasare believes an Ethereum spot ETF will be approved this year, he cautions that the approval process may take longer than some investors expect. As the cryptocurrency industry continues to mature and gain regulatory acceptance, the approval of Ethereum spot ETFs could potentially open up new investment opportunities for institutional Investors." Ethereum has a good chance. The reason is in this post: https://bitcointalk.org/index.php?topic=5481086.msg63478636#msg63478636
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Only coins that come from a regulated exchange or are freshly mined I would consider safe to deposit into an exchange.
I will upset you, but you should know that as soon as you transfer even the "whitest coins" to the exchange, it will not save you from exchange blocking. My buddy transferred 1-2 thousand coins to the exchange from one address, there were no questions from the exchange, but when he transferred 40000 dollars worth of coins, he immediately got blocked. He lost this money because his address has a lot of transactions, where he can not explain the reasons. If you decide to take such a step, you should have a wallet where you can give an explanation for each transaction, even if it was several years ago. |
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I have been saying for a long time that the goal of politicians is to force Bitcoin transactions to be like bank transactions, with KYC everywhere. I wouldn't be surprised if in the future self-hosted wallets are banned, or you are forced to pass a KYC to buy it, things like that.
We are saying the same thing, except that many cryptocurrency users themselves do not want to use decentralized services because of their inconvenience and large time costs. For most people, it is easier to store coins on an exchange and the banality of this situation is that many people use the exchange not for trading but for storing coins as a convenient multi-currency wallet. |
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I'm still surprised how USDC is still working while BUSD has stopped
I also wonder about this part. Like what the heck happen BUSD fail but paxos still alive and currently they creating PYUSD with Paypal all this don't make sense to me but binance seems make a new proxy company and make FDUSD In this business, you need to have the right support and allies with great capabilities. Blackrock has a lot of interest in Coinbase, so they are investing in this project and will support it. Binance in the USA is not needed by their major players. But everything in business has a limit of arrogance. |
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I'm supposed to do a report every time I get paid - which means every week, which is completely insane. Therefore, if someone makes such an insane request, I think we can agree that paying taxes on the earnings from signature campaigns is by no means an option for people in my situation.
Given that I live in an extremely corrupt country where in the last 8 years about 30 ministers have been fired or resigned due to corrupt actions, believe me I sleep peacefully when I know that my money did not go into their pockets.
What is that real you need to file a report every time you get paid, here in my country Just the same as zasad@ that you need to fill in a year. What country do you live in bro? just curious  and maybe if I were Op I would not going to record any money that comes from the mixer neither from signature or my personal fund since the mixer in my opinion is kinda in a grey area at least for the regulator. so better opt-out. I understand that tax authorities in different countries are improving tax collection, but I don’t think that everything is so serious that they would waste resources on users who earn about $100 a week. I think that the spent resources of the tax authorities will not pay off. If my tax office required me to report for each payment, then I would receive bitcoins for the subscription campaign to an unofficial address, and then every quarter or year I would transfer bitcoins through an exchange for Monero from the unofficial address to the official one and pay taxes. But sometimes it is better not to report coins, and you will not be asked questions. |
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 "Couple pts here: $15b in flows for a new category is massively high, even bond ETFs didn't do anything like that in their first year(s). Also if we go out 5-10yrs we think it will be in the gold ETF range at $100b aum. Trust me tho $100b in FLOWS is crazy, would be big shocker" https://twitter.com/EricBalchunas/status/1744793794803839456 |
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