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The crypto market for me is not ready for stable coins and I don't see majority of them surviving long-term with the exception to USDT. The reason is simple. The crypto market is interesting because of the volatility. The hope that buying now would mean being richer in the near future without being oblivious that it could also lead to being poorer as well. The stable coins are only used as a bridge and when an item is not being used for itself but as catalyst for another, its bound to occupy a secondary position.
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The announcement of Bloomberg is actually a game changer for me, having it between two billionaires might send a message to the country that the highest office in the land is meant for billionaires and not for people who have all through their lives be in public service. That being said, I think if Bloomberg should get the nomination, its going to be a different narrative as the point of one or the other being influenced by those campaign contributors would then not hold water. Another thing to look out for is the tax return to be in public space would now be a discussion as if both billionaires would be willing to let this be in public space. Interesting days ahead but how Bloomberg would get the nomination without participating in debates is twist I am looking for to see happening.
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I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the world’s governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of people’s lack of understanding of cryptocurrencies as it is a rather new technology to most people.
I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.
What would do you guys think, I’m just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I’ just rather optimistic about the future of cryptocurrency usage in the future.
Yes its possible. Because there have been several things that are possible today that few centuries ago, it was assumed that it can never be done but in the case of what you are postulating then some factors needs to be held constant among which is: There is only one government that controls the entire world and it decide the only to ensure countries transacts using one single currency and they have decided its crypto.
If the above has been achieved, then all other things will fall in line... |
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Well, another bump in the road, Nobuaki Kobayashi (pictured), the rehabilitation trustee for the bankrupt bitcoin exchange MT Gox, stated last month the distribution of funds can not meet the deadline of 28th of October, so it has been postponed to March 31, 2020.
That’s precisely six years since MT Gox entered bankruptcy in 2014, with the trustee stating according to a rough translation:
“I am in discussion with several parties while continuing to consider how to pay each creditor. https://www.trustnodes.com/2019/11/13/mt-gox-trustee-delays-bitcoin-distribution-to-marchI guess we are still far from settling this and it will still haunt us no matter what. I'm not sure if Mt. Gox claimants here in the community has heard of this news. But I guess they can't do anything at this point but to wait for further notice and I do hope that they won't fall for scammers around who's taking advantage of this Mt. Gox case. Its unfortunate that this issue is being allowed to linger up till this moment because its just not comprehensible when some set of people would hold others stagnant because they want to just have a larger chunk of the cake thereby using the court to frustrate the entire process. I wonder if those who are supposed to benefit from this wouldn't have died before its eventually resolved. Its sad really not only to the parties concerned but the impact its making on the entire market. |
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It’s just weird for me. Just weird.
After being pro-blockchain and removing crypto mining in their banned industries, these filthy companies who are implementing scams and ponzi schemes are taking advantage of the news thinking that the government are fine with them.
It would only lead them in continuing their bad assumption on Bitcoin and other cryptocurrencies in the Chinese market. Because of these fraudulent companies using Bitcoin and crypto as “front”, it creates a bad image for the crypto world in China, not blockchain.
And it’s not true also that Binance’s office have been raided according to CZ himself. So it means those crypto companies in China that are not defrauding or misleading customers are actually “safe” to operate there? Correct me if I’m wrong though. Thanks!
Your fear is really valid though and its something that should be a concern to everyone who wants the progress of the crypto industry. The point is there will always be some set of people who will want to take advantage of innocent free thinking individuals for their own selfish gains and they would go any length to perfect such scam and most important their own bottom line. Unfortunately there is nothing we can do about it than to give support to any organisations trying to clamp down on such activities no matter our grouse against the government or that they are trying to be all controlling, we should all know that the crypto sphere needs to be weeded out those unscrupulous individuals. |
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since the commentaire of trump on twitter before three month prices already starting falling
but should trump make another twitter about bitcoin but this time positive and give prices bullish trend?
is the governoment playing with prices bitcoin?
does trump and givernements love bitcoin or not?
It won't be bad though if you can get him to do the tweet because all help from all corners from anyone in the world is needed right now that could cause an upward trend in the current price of bitcoin that have chosen to just remain on the path of downward trend. But really how exactly did you come about that thought of yours because it seems when we run out of options, we tend to try as much as possible to find answers no matter how absurd. Mr Trump made the comments weeks ago and even though the market got the hit at the time, it has recovered and since then, we have not seen any tweet from the President to attach the fall to him. |
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Even without looking into the future which a lot of people believed bitcoin would become extremely valuable because of the limit if the 21 million cap, as at today, 1btc could actually turn a life around depending on the country you are currently. For people in the well developed economy, it might not make much difference as a $7k might not even be enough for your schooling talkless of setting up a business but that money equivalent in local currency in some countries would get one an apartment, an average car and could even get you a small business to start from. So yea, 1btc can make a difference.
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And now the government is showing its power and this is just not wielding the big stick because if they want they can completely outlaw Libra or confiscate the entire project but either way its something that needs to be discussed. The introduction of this law to me is faulty because it specifically mentioned Libra which makes it a form of target and when things are done that way in so obvious manner, the intention might have been eroded in misconception. Either way, time will tell whether Libra or the Bill have have the last laugh.
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Targeting the banks is really the least of their problems because they are the ones that will eventually suffer for it. Its just like group of students protesters destroying the facilities in the school to express their angers they actually forgot that before they are called back they will be forced to pay back damages that would be much more than what was destroyed. The anger should be channeled toward the people in charge of those institutions and not those facilities. If the protest is against government, it can be forced to change but destroying public infrastructures will be met with further hostilities from agent of the state.
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I wonder if the people who are known to be rich today didn't do any of those things you are mentioning. You talk about not getting married because your wealth can be split for a nasty divorce but you forgot that there is PreNap if you have trust issues. The laws are there to ensure people live together in harmony. Its a simple case of you can't eat your cake and have it. When you get married to someone in your youth, she was the bride at the time and now something happen and you guys decides its not going to work again, then it makes sense for both parties to compensate each other because it is believed that the wealth came when they were together.
Except you want to be wealthy and continue to live in holes for the rest of your life, pay for things using cash, have your own airline or airstrip, your standby medical teams, I don't know how you can successfully avoid the authorities in all of these.
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Decentralization and centralization is not something a company will stumble upon neither is what they will meet along the line or a conviction that they can accidentally get and then switch gear. Its something fundamental that you either have it or you don't. Its a way of life that will guide all of the inventions that will come from such group of people and the unique thing about it is that, its not for the motive of fame or profit or recognition now these two companies you have mentioned, which one is contrary to profit or recognition? So, no they cannot be decentralized.
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Transition is a good thing really and its something to be absorbed really. Over the years, the way of investment has been limited to the few who have the education and connect or those who have the funds that the institutions are looking for thereby locking out those not in those circle from such opportunities. But not again with the advent of crypto as we can see happening all around age, location and fund is no longer a deciding factor. An eighteen year old kid that understand how crypto market works could make a fortune equally to thirty five years of active service and at the same time never needed the expertise of the institutional investors. Times are changing and its best to change with it. |
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In essence what you are trying to do is simple create a fund where people pull their resources together and you with your partners that you working with would invest this in real companies such as the ones you have mentioned. The business model you have outlined is not any different from a mutual fund business where the firm pull resources together from individuals then invest it and from the returns, they take their own fees and distribute the returns.
However, in the case of the mutual funds business I mentioned above, there is no middlemen between them and the owners of the fund which you want to start in gap with. Again, a company that would pull funds together is not one in the shadows rather open and transparent with several compliance with the authority to ensure that investors funds are secure. All of this, you have not outlined for anyone to take your model serious.
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According to the Financial Times: https://www.ft.com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets.
The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said.
Boston-based Fidelity, which has about $2.8tn of assets under management, made clear last year it intended to take the plunge to offer digital assets services to Wall Street, where other regulated groups have held back from the nascent marketplace.
This is potentially huge. Fidelity has a lot of existing customers who use their online investment services - so making it easy for this group to trade bitcoin may mean a lot of new money entering the bitcoin space. This is a good news really for the company to have been able to secure the license to carry out this line of business. The point now is to ensure that they are doing the right thing. While this naturally would have negate the principle behind bitcoin as we have come to know that there should not be a custodian rather everyone should be his/her bank without no intermediary but at the this time, there is justifiable reason to deviate because if we want the massive adoption we are hoping for, then the corporate world needs to be involved and accepted into the fold. |
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We have seen a overall bloodbath of all the crypto currencies and bitcoin being no expectation, but most of the users had predicted a dump before pump which could possibly happen post halving but isn't it too early that we are witnessing this dump? What do you think has created this dump?
One thing I have come to discover when it comes to the issue of bitcoin market is that when there is drop in prices which goes across the crypto market, we tend to look for answers to find a reason to rely upon as the why but in most cases, the reasons given to me, are just circumstantial that may or may not have any bearing to what is currently witnessed. Now we are attaching it to halving but in true sense, halving is a constant thing that everyone knows will happen. The date has been predetermined before a lot of us got into crypto how exactly is a constant factor began to affect the volatility of the market. Its purely circumstantial. |
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PayPal CEO Dan Schulman, in describing why the payment company decided to withdraw from Libra, also revealed that he is a hodlr of cryptocurrency, but only Bitcoin.
Interviewed by Fortune magazine, he answered the question if he personally owned any cryptocurrency:
“Yes. Bitcoin.”Source link hereOkay now this seems to be pretty interesting to me. Since he's a Bitcoin HODLer, I don't know if this is a sign that he could add BTC as one of features for Paypal. If that happens, I don't know what would that be. Probably might integrate Bitcoin as one of the payment options aside from Visa, Mastercard and AMEX? I have a Paypal account until now, but I only use it like few times a year since entering into the world of cryptocurrencies. Paypal was the payment processor I trusted during my early years as a virtual assistant. However, their fees are eating our funds apart. This is why Bitcoin is such a great alternative, and no doubt Dan Schulman's already convinced about owning some Bitcoin in the first place. I believed this questions has been answered times without number. Twitter CEO is also an holder as it was reported but yet there was ban of some crypto related advertisement on Twitter platform. The point I am trying to make is that for the fact that CEO is interested or holding does not necessarily means it will be accepted because he is only holding in his personal capacity. The highest he could do is to sell the idea to the board considering the various factors that would be considered before becoming a reality. PayPal as a company is bigger than the CEO that he can just adopt a technology or a form of payment without recourse to every foundation that holds the business together. |
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Today, a lot of people are agreeing that government cannot do anything against Satoshi but forget that the reason why it seems they cannot do anything is because they don't know him to even tie anything to him. The irony of it is that some people would still make argument as to why Satoshi have to remain in hiding or he should make a statement forgetting that the reason why a lot of crypto enthusiasts enjoys the freedom they had today is because someone decides to forgo the entire accolades or recognition that would come along with one of the great inventions of our time.
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I got into the crypto game this year and have been trading random coins over the last few months like a madman. I'll be honest, I have completely lost track of my trades. I tried to go back and manually log my trades but it was too difficult. I've traded on multiple exchanges with multiple coins and transferred them all over the place. At the moment, I have no idea if I am in a profit or in a loss. Come tax season, how am I supposed to report everything that I've done?
Your intention is good and you should be commended for wanting to perform your patriotic duty whether voluntarily or due to fear of what will happen should you not do it. Its actually not too late to start now to keep records of your trading activities till the time when the tax man will come asking and also you might have to really peruse the sites that you frequent for your trading activities because some of them will keep records of your trades and since its the beginning of the year, its not too distant in the back that you can easily get. |
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Hello everyone, I need your help in getting pdf or exact laws made by U.K. , USA for legalizing Crypto Currency as I have filed a case in Pakistan, which is the first-ever case in favour of cryptocurrency, I need to talk in Court's language, Pakistan follow U.K. court laws, so I need to show Pakistani Court how U.K. formed laws for digital assets, miners, Crypto Currency ATM Machines, please provide link to law documents, here are my details https://youtu.be/TDIAp0MOuNw As an advise, I think in your argument you should be looking at what government stands to gain from the legalization of crypto for you to achieve your objective pretty fast because when it comes to something so fundamental, the art of negotiation have proven to be very effective where the parties involved see that they are gaining something and the recent release by the IRS concerning the tax of crypto can come in handy in your argument. Another again you should consider in how to tackle questions about insecurity and illegality should some people decide that because of the anonymity that surrounds crypto, they can perpetuate illegal activities. You will need to argue that the transparency is something that can be used as an advantage to get those individuals. |
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Susceptibility like this would continue to put organisations at risk. From the list and the largest private organisations that have the most people is Facebook across it services. I just hope this is not from Facebook because it would just further tank their Libra project and if not, it would also be a talking point for those who never wanted Facebook to carry out the project because it will continue to be a risk should it be in the hands of private individuals.
The whole crux of the message is that there is need to move funds away from exchange sites. Anyone who still needs to be given that advice in 2019 surely does not have any business to be in this crypto sphere.
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