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From telegram chats, I learned that the Bogdanoffs control the price of bitcoin.
(load the same Korean FUD)
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It only takes guys, in Southeast Asia there are some countries that have not legalized Bitcoin. but many large countries besides Asia have legalized Bitcoin. this is just waiting for the SEC's decision. if all is received, BOOM then Bitcoin will be open to be accepted in all countries of the World.
The SEC already said BTC and ETH are not securities. ETF won't make a difference, IMHO. SEA countries don't care what the SEC thinks, but rather they are afraid of their local currencies being affected by cryptocurrencies. |
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SEA is a great target for cryptocurrency users. Many of the countries have high cellphone penetration and a curious and experimental young demographic who is always trying new things. Regardless of regulation, these people will use cryptocurrencies because they offer financial freedom and democratization of money.
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What are the fees for using the ATM, though?
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The price of bitcoin is crashing because the price is being manipulated just like they manipulate gold prices.
Gold is manipulated through paper gold derivatives. They sell paper not gold. Bitcoin exchanges are doing the same thing. They are selling bitcoin on exchanges when they don't even have that much supply.
The average consumer just buys bitcoin and leaves it on the exchange. When you buy bitcoin on an exhange you are not buying bitcoin. You are buying an IOU for bitcoin. The exchanges only need to hold as much bitcoin as people will withdraw.
The bitcoin futures market is doing the same thing. You can buy bitcoin from someone who doesnt own any. You can also short bitcoin without actually buying any.
While all this is happening we have the new whales, Dimon, Gates and Buffet publicly bashing while privately accumilating bitcoin. They use the MSM to highlight reasons to sell bitcoin while suppressing reasons to buy across social media. They use algos running across multiple exchanges to pump the price up as they sell you bitcoin IOU's then dump the price down as they buy the HODLERS bitcoin. They buy bitcoin while selling IOU's using an arbitrage method taking advantage of the difference in currency and bitcoin prices between countries.
Take your bitcoin out of the exchange. Store it on your own secure wallet. If we don't keep it in an exchange they can't manipulate the price and you also won't fall victim when the exchange is "hacked" (honest we were hacked we didn't steal your bitcoin).
Um, any proof? Also, what "exchanges"  There are a lot of them... |
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In general there are too many altcoins/tokens, which hurts cooperation; everyone wants their own coin/token to succeed, so their is a disincentive to collaborate with other projects. Ideally economic incentives could be created to bring many actors into the same cryptoeconomic system.
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As governments can create the money they need (if there is the political will), taxation only has the function from an economics standpoint of reducing demand for raw materials. This helps keep inflation for raw material prices under control, as non-bubble inflation can only happen once factor inputs in an economy are fully utilized.
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I would be surprised if we saw lower than $50k as the peak this year.
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G20-FSB rejects calls for cryptocurrency regulation
(Translated from French)
The Financial Stability Board (FSB), which coordinates financial regulation for the G20 countries, on Sunday rejected calls by several countries for cryptocurrency regulation, such as Bitcoin.
The FSB, however, stressed the need for greater international coordination in monitoring these rapidly evolving technologies, which still represent a tiny sector equivalent to less than 1% of global gross domestic product.
"The first assessment of the FSB is that currently, these crypto-assets do not pose a risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance ministers and governors of central banks, which will meet in Buenos Aires on Monday and Tuesday.
Source: https://[Suspicious link removed]/3eo7Yk
Time warp? I thought G20 starts today. |
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The whole point of Bitcoin is not to get rich, but to create new social systems that are more equitable for everyone.
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ICOs had promised to help democratize fundraising, giving access to funds to any capable team with an idea worth developing. However, the shift from public, unregulated sales to sales where everyone does KYC and institutional investors (like crypto funds) buy up a large majority of the tokens at a huge discount over the common folk, has taken away the main advantage of the ICO model, which was democratization of fundraising.
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I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.
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