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So HSBC is giving their customers access to already listed ETFs through their own platform. Nothing to cheer about it really. These are existing products and people already have access to it. When a bank integrates such existing products for their customers, it's usually to earn brokerage.
Unless these ETFs are physical in nature, that's no use for the crypto market either. These kind of things are good to create awareness but not really impactful for the market.
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Hello,
From what I read, someone who sells btc sometimes has trouble receiving the fiats in its bank account. If the sum is large, the bank turns on all its red lights. I guess it's not a problem for someone famous, but for an ordinary citizen, how it happens if he lives modestly, recovers his private keys that he lost 10 years ago and finds himself with millions?
Walk to an offline broker and negotiate a deal with them. Receive a portion in cash and rest in bank. But it is wise to not convert a huge amount of bitcoins at once. If you suddenly receive a huge sum of money in your bank account which doesn't match the previous transaction trend, your bank can freeze the account. So always convert a little amount of money which doesn't raise suspicion. Or do cash trade with offline brokers. |
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Not just government banks, even private banks are inviting people to test digital rupee wallet. I have received calls from my bank for the same but politely declined the invite. However, if you are willing to test and try the wallet. All major private banks have launched their wallet and available in their websites. Here's the link of ICICI Bank, https://www.icicibank.com/personal-banking/online-services/funds-transfer/digital-rupee |
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Back to the title:
- How much do you think it's OK to lose on fees, just as an example, be it 10% of my profit, 1$ for every 5 earned, or 1$ for goods worth 100$, nothing!
Honestly speaking, no fee is acceptable when it comes to accepting payments. In my country, merchants can accept payments for free just by using a service called UPI. After the launch of UPI, both Visa and MasterCard are seeing a huge decline in their card services and transaction volumes. They used to take 2.1% transaction fees plus 18% tax on that fees amount. With UPI, it has become free. So when it comes to accepting payment, I am personally not ready to pay fees because of the available option. The world will slowly move to UPI infrastructure. 8 countries have already been onboarded and Japan is the latest addition. Bitcoin and cryptos can't compete. |
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Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?
Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.
What do you guys think, should banks even be in 'the game'?
Banks are already in this game! Either in a positive way or in a negative way! They are not staying out of the game. In some countries where Bitcoin is a legal tender or at least has a legal framework available, Banks are automatically added to the game. On the other side, my bank sends me a monthly newsletter email that always mentions Bitcoin in a very negative way, without fail! But we all understand one fact, Banks can't control Bitcoin or the network. They are just trying to get themselves integrated with the ecosystem and earn some brokerage income along the way. I do not see a serious consequence unless these banks are jumping into the Bitcoin market with a backup of trillion dollars. |
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What makes people think that if Bitcoin crash other coins won't follow, it is practical expected event thats is bound to occur any period btc market slides other coins does the same because people has come to love this digital currency of the future that holds somany yet to discovered benefits to humanity, other altcoin are smaller community so they can never be compared with Bitcoin, note BTC no longer advertise itself but it's high demand rate and value does. This commodity (BTC) as I call it, can only crash if the smaller investors in the long run come to know that the growth rate is no longer obtainable as they learnt or were told earlier that it will be before they venture into it. If this events doesn't take place then we should only expect the bullish and bearish market as usual not the total crashing of this coin.
Surely it's a hedge but a bad one! You agree or not, but when Bitcoin drives down, the entire market follows the same trend. So using altcoins as a hedge to Bitcoin is a bad choice which will surely bring financial disaster. If you really want to hedge, buy gold. It will not give you a huge amount of return but it will surely protect your capital. Gold can be a good hedge for the economic downturn as well without any doubt. Look at its historical data. |
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I do agree with op. If transportation and delivery becomes faster, it will allow the business to deliver more products within the workday which will lead to higher revenue and higher profitability. So faster transportation indeed helps a lot of businesses to stay ahead of the competition.
But the delivery using jetpack looks quite unrealistic. The cost of operating a jet pack is much much higher than available transportation modes. I won't go to the debate whether this video is fake or not, but sure not sustainable in terms of profitability.
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I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin. They are applying for ETFs, and some others are coming together to create an exchange. The latest development is Crédit Agricole's CACEIS gaining Crypto Custody Registration in France. Why are all these things happening almost at the same time when Binance is being grilled by governments in different countries? Do not be carried away by all of this; it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government. - https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjDNot a bad guess! My thinking goes in the similar line. Because the current movement of the US government shows their two different faces. They are approving the ETFs while grilling the a long standing and reputable exchange. So it's not very surprising to think that the government is playing games to assume control over crypto market in US. But fortunately, this is very difficult to execute due to the decentralised nature of the bitcoin network. So I would say let the game begin and we will see who's the winner. Bitcoin is not a bank which is easy for a government to just conquer. |
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Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
The reason is probably you and your habits. If you are salaried person, start saving at the beginning of the month. I will tell you what I personally do. I receive my salary on 1st working day of every month. By 5th, all of my investments are done from my bank account. I have setup my banking account with debit mandates which automatically transfers my money into predefined investment plans and wealth management accounts. So by the end of 5th, you come to know your financial power and then start spending accordingly. This method really helped me. You may want to try. |
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You have millions to buy ? I so missed out on this when it was $110 a coin but I was young and no money. So now that blackrock made some noise in the Bitcoin space and got everyone rallied up will this be the biggest money grab in history to then crash it on the recession?
How can i understand Bitcoin more ? I mean it has no use for it yet, it is not producing profits for companies ?
I want to invest good capital but dont understand why I would do this on something made out of thin air. Sometimes seems like its a lot of fanboys just wanting it to go up and up so they can then sell to retail
never look back and regret! I missed the chance too! But anytime is the best time to start investing in Bitcoin. because the price you see today, may not be available in the future. Don't let the Fear of missing out decide your next action. Start now and forget for another couple of years. This method works in almost all cases, be it in the stock market or the crypto market. Also, I am sure you don't know anything about Bitcoin mining. Otherwise, you wouldn't have said that it is made out of thin air. Be a little more respectful to the community and do research on how Bitcoins are created. Then come back here and then we will discuss. |
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During a great economic depression, bitcoin should get positive impact on its price. When the government issued instruments start failing, Bitcoin is something that people can rely on because they can't be controlled by government. That's definitely my own prediction. But I believe the sentiment of the common people will be very positive towards a decentralised asset like Bitcoin during a economic turmoil.
I hope the world will not get into such depression because the financial systems are now more resilient towards such things. But it's good to keep on hoarding bitcoins just in case.
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I am not sure if someone has ever claimed that gold is scarce. Because a huge amount of landmass has still not used for mining discovery. A major portion of Africa is still undiscovered. So gold is not scarce in any way. Also gold is not used as an investment anywhere in the world. Gold is mainly used for capital protection. Historically gold price has always shown a steady increase in price keeping the inflation in mind. That's why Gold is precious but not scarce.
On the other hand bitcoin has a limited supply if 21 million. So it is expected that it's price will skyrocket anytime in the future owing to its scarcity. But this feature is only pushing bitcoin out from being a currency system to an investment. So the future is pretty unclear.
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Bitcoin was created as a currency system. However, any new innovation often changes its course based on the market. Bitcoin is no exception. Even though it was launched as a currency system, it became a great investment asset which has beaten many global benchmarks. So majorly Bitcoin is used as an investment asset to many people.
Also, due to the fluctuations of its value, it makes a bad choice for currency. The price of bitcoin can go to any extent which can make your regret your previous purchases decisions. Just like the pizza guy who could have become a multi billionaire by now.
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Amazon isn't creating any tokens and they do not have a plan to step into crypto businesses. No official post from Amazon is out in the market.
Also Coin Telegraph and Coin Telegraph Feed are not same. It is most likely a scam attempt so proceed with extreme caution.
If Amazon ever decides to launch its own token, you will probably come to know about it from time square billboards or TV commercials.
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I guess BlackRock has already received the approval for their bitcoin ETF where Coinbase is going to become their custodian. Isn't it the case?
Fidelity's case is the new one. I am worried when I see such financial giants show their interest into something that they do not control yet. I understand and appreciate the fact that a lot of liquidity will flow into the crypto market due to such ETFs. But who will ensure that they do not start manipulating the market?
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Can we ever have these again in 2023? Going to back to the first days of bitcoin it was easy and cheap to get 5 bitcoins for free by just solving a simple task. This bitcoin core developer, chief scientist on the forum, Gavin Andresen in June 11, 2010, created this web site https://freebitcoins.appspot.com/ that gives away Bitcoins. There were about ฿1,100 He wanted bitcoin to succeed. He wanted to see more people adopt bitcoin. How proud he would be right now knowing that bitcoin is succeeding and progressing. 5 bitcoins today at the price of $26797 per bitcoin is worth - $133,985 The website doesn't work anymore. The it will forever be remembered. Here is the OP where he announced it on the forum - https://bitcointalk.org/index.php?topic=183.msg1488#msg1488Do we still have legit websites like this today that gives out free bitcoins? Wow! 5 bitcoin for a simple task! I missed my chance to become rich. I don't think we have any website available from where you can get free bitcoins anymore. The faucet websites used to give couple of Satoshis but they all have died down. The only way to make significant amount of bitcoin is through trading or mining. The signature campaigns also gives out some bitcoins to the participants. Nothing is free anymore. |
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Hi guys! I wrote an article about the virtues of running your own Bitcoin full node. Hope you're going to like it, I look forward to your feedback! PS: for some reason, it seems like the images (which took me a couple of hours to generate and edit) are not loading. I'll look into possible fixes. Otherwise, the text is in good shape and I stand by every word 🫡 https://bitcoin-takeover.com/10-reasons-you-should-run-your-own-bitcoin-full-node/The images are awesome! Which engine you have used to generate them? Your points are well made. However, I don't think a lot of people will be interested in running a full scale node operation unless there is some financial reward. I understand that it doesn't require a super high-configuration system to run the node, but there is a cost associated. Unless the nod operators are able to recover that cost, it makes little sense to run a node. People are not willing to do charity. So this was something to look at while creating the bitcoin. |
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So US is achieving what they want! Crypto usage is indeed decreasing in US households. The way FED and SEC is behaving with the crypto companies, if there's a further decrease in 2023, I won't be surprised.
No matter how greatly we speak about decentralised and stuff, the reality is, unless the government is friendly, nothing can grow. That's exactly what's happening in crypto market for US. Thankfully US doesn't control the bitcoin network worldwide. So bitcoin will survive just fine.
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Avoid Pi token at all costs. It's a huge scam. I have said it earlier and will say it again. Just ask yourself a question -
If a coin can be mined through your smartphone for free, why would someone buy that token from exchanges by paying money? Wouldn't they just mine it from their own smartphone?
Pi token is essentially a KYC scam. The scale is much larger than any other previous KYC scams you have seen.
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This is a eyewash. A pure and white lie. The matter of fact is that the rest of the world do not trust either US or China. Both are warmongers and invasive in nature. So if both of these countries are planning for a forced friendship, probably that's good for peace. But I don't see that happening. Taiwan will remain as a burning issue here and the equation can change anytime.
So I don't see any reason to become overjoyed about their friendship. Change is the only constant and we will see changes in this equation.
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