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1  Bitcoin / Bitcoin Discussion / Re: Saudi Oil and how the recent attack may affect Bitcoin on: September 18, 2019, 02:16:36 PM

I think you're right, changes in the stock market can positively affect the cryptocurrency market. However, I am more concerned about another question: can such drone attacks be the cause of military conflict in the future?


At this point, there's no need to go into the future, it's already a thing of reality. The attack on the Saudi Oil Facilities is a typical military operation targetting important industrial Facilities. It's obviously meant to attack the pockets of Saudi Arabia and unfortunately, a drone most likely controlled by an xbox controller has had an impact on the oil giant Saudi Arabia and a bit of the world's economy.


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2  Bitcoin / Bitcoin Discussion / Re: Saudi Oil and how the recent attack may affect Bitcoin on: September 18, 2019, 02:05:21 PM
No matter how hard I think, I can't find any relationship of Bitcoin price spike to Saudi Oil attack.  Unless several schemer make this recent Oil attack as a tool to hype or FUD Bitcoin.  Yes, oil price will definitely increase because the source of it is affected but Bitcoin price??  I doubt it.

I appreciate your feedback, saw a few convesations about it and decided to bring it here. Will look further into it and gather more data to support (or disprove) my speculations.



Alex Ginsburg, TechLead
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3  Bitcoin / Bitcoin Discussion / Re: Saudi Oil and how the recent attack may affect Bitcoin on: September 18, 2019, 01:26:14 PM

you are wrong, bitcoin has never had any relationship with any other markets, specially stock market. at least not any connection that could be big enough to cause any measurable changes in its price.
this recent drama is only going to have its major effects on oil (and consequently the related products) prices. bitcoin will remain on its own path, ...like always.

Crypto and the stocks are separate but it's not the first time i've observed this pattern. It could be pure coincidence but I mean; Crypto became a thing right after the 2008 recession. A spike in crypto is around the corner


Alex Ginsburg, TechLead
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4  Bitcoin / Bitcoin Discussion / Saudi Oil and how the recent attack may affect Bitcoin on: September 18, 2019, 10:22:53 AM
On Sat, 14th of Sept 2019, reports of a drone attack on Saudi Oil facilities which reduced their daily output by 5.7 million bpd as reported by aljazeera which was known to be up to 50% of the Oil nation’s total output

“Tensions in the Middle East have escalated following drone attacks on two major oil facilities in Saudi Arabia
The pre-dawn attacks on Saturday knocked out more than half of crude output from the world's top exporter - five percent of the global oil supply - and cut output by 5.7 million barrels per day.

Prominent crude oil strategist Phil Flynn at Price Futures Group said on Sunday that the drone strike was a “big deal” that could result in a major spike in crude-oil prices, because of the disruption to global supplies”

These statements from various news reports on the terrible incident that happened in Saudi Arabia has left me with speculations, as this will affect other industries directly and indirectly and will have a ripple effect on the stock markets. I noticed most times when the stock market is going great or at least very volatile, attention ends up being taken away from crypto and investors who would’ve been dealing with crypto would be studying the stock market.

My prediction (which should also be taken as a question up for debate) is that there will be a spike for BTC anywhere around the corner as this usually happens during / after volatile periods in the stock market.


Alex Ginsburg, TechLead
100% Certified Financial Loss Recovery Agent, we will recover what you lost regardless of how it happened.

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5  Economy / Exchanges / Re: Coinbase and my issue with centralized services (banks) on: September 13, 2019, 09:19:54 PM
Centralization will kill the basic idea of crypto, but not many people understand it

Not really , my argument is that crypto will infact kill the idea of Centralization and I believe this to be the case. Although other users have pointed out they both have their place in the financial industries of the present and near future.


Alex Ginsburg, TechLead
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6  Economy / Exchanges / Re: Coinbase and my issue with centralized services (banks) on: September 13, 2019, 08:30:39 AM
Bitcoin is a thing but both systems are needed if they want to survive.
Cryptos need fiat and fiat needs crypto. It is something that many people haven't still understood. Banks need cryptocurrencies as there is a new dynamic in this market and so many funds in there, and crypto needs fiat as they need a currency to leverage. So I don't think that Coinbase and Barclays thing is something that need to get our attention.


Thanks for your response, i see now they both have a reason to be here. Crypto needs Fiat and vice versa!



Alex Ginsburg, TechLead
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7  Economy / Exchanges / Re: Coinbase and my issue with centralized services (banks) on: September 12, 2019, 05:07:54 PM
From the latest news I am seeing and how it is shaping up for UK I think it's not Barclays own decision on why they cut ties with Coinbase. We are already seeing a lot of news about how cryptocurrencies will have a tight regulation after the Brexit and this is just Barclays going up clean hear. I really don't see banks being greedy here or simply seeing crypto as a threat in this situation but they are just playing it safe before they get tied up on a loose end.

Ok, i understand but my initial worry still stands, why do they care so much about what we use our money to do. I understand trying to protect their clients best interests but what's the difference between buying and holding crypto or buying Jewelry/Gold. Why are they so concerned with how we decide to use our money?


Alex Ginsburg, TechLead
100% Certified Financial Loss Recovery Service, we will recover what you lost regardless of how it happened.

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8  Economy / Exchanges / Re: Coinbase and my issue with centralized services (banks) on: September 11, 2019, 11:35:39 PM
Can't think of a situation when I had problems with my bank, maybe just had lock so far. Also no problems with deposits and withdrawals from crypto exchange to my bank account. But I recently had huge headache because of PayPal. Their rules are set in a way that they can do whatever they want. They can hold your money for 180 days without a reason, they can even lock your account with no explanation and no option to appeal against it.
PayPal is centralized of course so kind of understand you and how helpless you feel when they simply announce some stupid new rule.

Believe me i've had scenarios where my bank has limited who i send money to and how much. Maybe your situation maybe different or you've not had to make the type of transactions that will put you in this situation but it exists and it has become very common these days. It's difficult to deny the authority banks have over us.


Alex Ginsburg, TechLead
100% Certified Financial Loss Recovery Service, we will recover what you lost regardless of how it happened.

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9  Economy / Exchanges / Re: Coinbase and my issue with centralized services (banks) on: September 11, 2019, 07:24:46 PM
At the end of the day banks will always remain useful in this modern world but crypto has become like a buffer giving us back complete control over how we choose to spend our money (both ethical & unethical. They are losing huge investment capital to crypto and it's clear why.


Alex Ginsburg, TechLead
100% Certified Financial Loss Recovery Service, we will recover what you lost regardless of how it happened.

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10  Economy / Exchanges / Coinbase and my issue with centralized services (banks) on: September 11, 2019, 12:30:48 PM
As written in this article, banks will always attempt to maintain a hold on the people but when there's a will there's a way;


===
"Barclays Bank, one of the largest banking institutions in the world, will no longer be providing banking services to Coinbase UK.

CoinDesk first reported the details of the split, adding that the exchange has signed up with a replacement banking partner known as ClearBank.

Coinbase started banking with Barclays in 2018, in a deal which pioneered the relationship between British banks and cryptocurrency exchanges. The partnership connected the exchange to the U.K’s. Faster Payments Scheme (FPS)— a move that allowed users to make instant pound sterling deposits and withdrawals on Coinbase.

The exact reasons behind the split remain unknown, but it seems to have been in the works for some time. Late in July 2019, Coinbase announced that it would be removing FPS access for Coinbase UK customers, although Coinbase Pro customers weren’t affected. It didn’t provide any reasons at the time, but in retrospect, the move seems to have been the beginning of the end for its relationship with Barclays.

However, it is expected that by partnering with ClearBank, Coinbase will be able to get its FPS access reinstated."
===


The issue with these centralized exchanges and having 100% control over your money and how you choose to spend it is the main reason why bitcoin and the technology is a thing. So no matter how these banks try their hardest to clamp down on crypto, their pressure will force more innovation that will lead to online financial freedom!

They are losing control of the people and their $$$


Alex Ginsburg, TechLead
100% Certified Financial Loss Recovery Service, we will recover what you lost regardless of how it happened.

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11  Other / Beginners & Help / Re: Is it Plus Token or Cloud Token legit ? on: September 11, 2019, 07:32:31 AM
Plus Token is 100% a scam and they have exitscammed their customers. Most people never listen to warnings then come running for help!

Alex Ginsburg, TechLead
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