Hichai (OP)
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March 08, 2025, 11:05:36 AM |
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I'm sure I'm not the only one who's noticed the moves by the US first, the White House crypto summit, and now adding Bitcoin and some other altcoins to their reserves.
Has anyone else come across this? If the US is holding it, other countries might follow. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming.
This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
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Kemarit
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March 08, 2025, 11:30:18 AM |
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I'm sure I'm not the only one who's noticed the moves by the US first, the White House crypto summit, and now adding Bitcoin and some other altcoins to their reserves.
Has anyone else come across this? If the US is holding it, other countries might follow. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming.
This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
Initially that's what we thought, but it seems that the crypto summit didn't meet the expectations of Bitcoin enthusiast as far as the so called strategic reserves. And that's why we have seen the price going down again. So I don't know if you will treat this as positive development for crypto space as it seems that the US is going to buy Bitcoin. And that their current Bitcoin and other crypto assets will turn into their strategic reserve. A far cry from what we are looking or expecting at, US going to buy millions of Bitcoin to be their reserve, but it looks like this is not the case.
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jstyler
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March 08, 2025, 11:32:35 AM |
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i see your point, but we shouldn't dismiss the fact that the us is even considering adding btc and other altcoins to their reserves, it's a step in the right direction, even if it's not as much as we were hoping for, it's still a validation of the asset class and could lead to more adoption and institutional investment in the long run
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notocactus
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March 08, 2025, 12:09:14 PM |
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Initially that's what we thought, but it seems that the crypto summit didn't meet the expectations of Bitcoin enthusiast as far as the so called strategic reserves. And that's why we have seen the price going down again.
"Buy the rumor, sell the news" and what's happened in recent days are far less than people expectation, disappointments in the crow are very easily understandable and explainable. It's time to sell if you are only going short term with Bitcoin, but if you are going long term, it's still a very good news, but as said less than expectation. According to "Buy the rumor, sell the news", price possibly was already reflected expectation of this news weeks ago. So I don't know if you will treat this as positive development for crypto space as it seems that the US is going to buy Bitcoin.
They just hold their bitcoins seized from criminals, and nothing more at the moment or in near future. I don't consider it's bad because they announced holding means they won't sell those seized bitcoin at least in next four years with Trump as their President. Plans of purchasing more bitcoins for their strategic reserves, we will have to wait a while long time.
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xvacator
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March 08, 2025, 12:17:25 PM |
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I feel the race is already begun since a few years ago. We never realize about that because their move is in hidden and not publish to public.
Yes, it is a positive development for the crypto space so we might see another big soon. If you just search for what may happen later with the countries, you may be late to focus on yourself. No need to think much about them because we better focus how we can prepare ourselves for the coming.
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Marykeller
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March 08, 2025, 12:53:52 PM |
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The US has set the pace rolling, for having Bitcoin and some other altcoins as their strategic reserve. Very soon, we will begin to see the results of how Bitcoin has skyrocketed and how other countries are involved in using Bitcoin as their reserve.
Time will it take before everything we visualize about Bitcoin begins to manifest, starting with its tremendous price increase and its adoption rate moving faster than before
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TravelMug
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March 08, 2025, 01:04:58 PM |
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The US has set the pace rolling, for having Bitcoin and some other altcoins as their strategic reserve. Very soon, we will begin to see the results of how Bitcoin has skyrocketed and how other countries are involved in using Bitcoin as their reserve.
But nothing has been done yet right? So how they keep the ball rolling with that kind of statement? And we only think that they will just go with Bitcoin, unfortunately, they want to include other altcoin as well which pretty much damp Bitcoiners. Time will it take before everything we visualize about Bitcoin begins to manifest, starting with its tremendous price increase and its adoption rate moving faster than before
Good thing is that we are still in the bull run and by that, chances are the price is going to go up in the future. So we should be expecting that the price could go back to 6 digits again and we can only speculate how big this bull run will be.
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Aanuoluwatofunmi
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March 08, 2025, 01:51:56 PM |
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Has anyone else come across this? If the US is holding it, other countries might follow.
That's true, this may also helps in many ways, such as increase in bitcoin adoption, market price and other countries to have enough reasons of making it a legal tender, with this first step, let's wait to see how far it could go well in making things work out as planned or expected to the global economy and the bitcoin market. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming. Am hearing brhisn for the first time, is there any link on that to show more on that? This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
Exactly, let's wait patiently while waiting to see what turns out from all these in favour of us all.
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kotajikikox
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March 08, 2025, 02:01:52 PM |
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Has anyone else come across this? If the US is holding it, other countries might follow. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming. Well if you think about it, the market is a race but just among us back then. The supply is limited and the demand is growing more than ever so we have always been racing to buy some bitcoins and now the big guys are joining in. This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
I am sure these big moves will not only be for this year. As the bear market looms, other countries should take advantage and buy more bitcoins as they can before the bull market happens again in approximately 4 years.
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Hazink
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March 08, 2025, 02:40:59 PM |
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This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
It was more of a positive development and held more positivity just before the summit was done yesterday. Now there is little negativity circulating around the market as the people did not get what they were expecting at the summit. The only thing positive about the reserve is that we know that the government approved the holding of bitcoin as they want to be part of it, but that expectation that the US government will be accumulating bitcoin has been quenched yesterday, which is what I suspect is affecting the market currently, but we will pass that stage very soon.
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coupable
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March 08, 2025, 02:58:59 PM |
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Has anyone else come across this? If the US is holding it, other countries might follow. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming.
Brazil is not the most prominent example that preceded the United States in establishing a reserve of Bitcoin, as El Salvador took a bigger step by recognizing Bitcoin as a legil tender. There is also the Gulf region, whose economy is considered more prosperous than Brazil and El Salvador, as the Gulf region is witnessing important transformations regarding cryptocurrencies, as interest in these digital assets is increasing and financial technologies are developing at an increasing rate. Despite warnings issued by government agencies regarding trading these currencies without a clear regulatory framework, investing in digital currencies continues to attract the attention of individuals and institutions alike. The United Arab Emirates is considered one of the leading countries in the region in terms of adopting digital currencies, by developing digital wallets and licensed trading platforms. Initiatives such as the launch of D360 Bank with a capital of up to 440$ million, and the Saudi Digital Bank show the countries commitment to building a strong infrastructure for financing digital currencies.
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Despairo
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March 08, 2025, 03:37:46 PM |
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It doesn't seem the market reacts positive after the Crypto Summit, I read that Trump didn't specify the time for government to start acquiring Bitcoin. People might think it's something uncertain and it can be revised in the future.
But, I'm surprised the market didn't pump because this is the first Crypto Summit and Trump didn't talk something bad about Bitcoin.
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moneystery
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March 08, 2025, 04:16:34 PM Last edit: March 08, 2025, 05:24:55 PM by moneystery |
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.... Has anyone else come across this? If the US is holding it, other countries might follow. ....
there is no certainty whether bitcoin strategic reserves will soon be formed in other countries, everything is still in the discussion stage, it has not been discussed thoroughly by parliament, so it may take even longer for bitcoin to become a strategic reserve in other countries. however, if the US succeeds in running the strategic reserve bitcoin that they just launched, there is no reason for other countries not to create their own strategic reserves, it just takes time until we can see positive news.
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yhiaali3
Legendary
Online
Activity: 2184
Merit: 2262
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March 08, 2025, 04:22:11 PM |
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I'm sure I'm not the only one who's noticed the moves by the US first, the White House crypto summit, and now adding Bitcoin and some other altcoins to their reserves.
In addition, the last thing I heard today is that Trump is seeking to pass stablecoin laws and end banking restrictions on cryptocurrencies. This procedure may take a few months, but it will certainly have a major positive impact in the long run. The strange thing is that despite all these positive decisions issued by the United States since Trump's term until now, Bitcoin and the market are still in a state of decline. I hope that this will change soon and we will witness the positive impact of these decisions on the ground.
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Callido
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March 08, 2025, 05:22:02 PM |
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Bitcoin is an appreciating asset not only in price but in purpose and public adoption. If we see more usage of Bitcoin in the future, it is not a surprise the more people interest in Bitcoin the further the usage, the US is taking Bitcoin as a reserve, soon it will become common among different nations while there will be more and more to do with it.
The big move is still limited because the US government hasn't said something convincingly and positive enough to ignite the market, his focus is still spread among others, for Bitcoin to drive following his statement, there needs to be more talk and concern specifically affected towards Bitcoin.
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nakamura12
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March 08, 2025, 06:10:20 PM |
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i see your point, but we shouldn't dismiss the fact that the us is even considering adding btc and other altcoins to their reserves, it's a step in the right direction, even if it's not as much as we were hoping for, it's still a validation of the asset class and could lead to more adoption and institutional investment in the long run
There's no time given when they will start buying bitcoin to add on their reserve so it might change later on like they decided not to do it. If they really did start then I wouldn't see the price of bitcoin decreasing as I have checked it yesterday is that the price is at 90k and now I just checked while writing this post is that the price is at 86k which you can say how much it decreased during the time from the last time I checked.
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Reatim
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March 08, 2025, 06:33:10 PM |
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i see your point, but we shouldn't dismiss the fact that the us is even considering adding btc and other altcoins to their reserves, it's a step in the right direction, even if it's not as much as we were hoping for, it's still a validation of the asset class and could lead to more adoption and institutional investment in the long run
There's no time given when they will start buying bitcoin to add on their reserve so it might change later on like they decided not to do it. trump should not do that not only because i am a bitcoin enthusiast and would want to see bitcoin legitimized through its addition to national reserves but because if trump promised something and does not push through the people’s trust will decrease and he might fall in harm If they really did start then I wouldn't see the price of bitcoin decreasing as I have checked it yesterday is that the price is at 90k and now I just checked while writing this post is that the price is at 86k which you can say how much it decreased during the time from the last time I checked.
i don’t think this decline in price is because of trump not yet adding bitcoin to the reserve the bear market is soon that’s why
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leonair
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March 08, 2025, 06:43:26 PM |
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This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
Bitcoin has a great future up ahead. This is good sign that every now and then people are accepting bitcoin. But you know what, what scares me if banking channel stars to accepting Bitcoin and trading Bitcoin as a reserve currency it won't be a trading coin. It will more likely become a play thing to giants. Crypto to space will be more regulated then now. It will become more valuable than gold and eventually you can't make any profits by trading it.
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Zanab247
Sr. Member
  
Offline
Activity: 1680
Merit: 295
Happiness is free
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March 08, 2025, 06:48:02 PM |
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I guess many people noticed the massive move of the price of BTC and other cryptocurrencies this season, that make some people to be involve in BTC investment, Some people doubt the words of the US president when he was campaigning that he will implement somethings that will affect crypto users positive worldwide. Since Trump became the president of US , the price of BTC and other cryptocurrencies has crossed some level which people never believe the price will cross, and there are still more opportunity ahead of those that will buy in the dip and hodl for long time.
El Salvador country is enjoying the benefits of crypto in their country because their government made a good decision to make crypto legal tender, which is the major tools that boost economy. I have faith that many countries will take that decision soon to make BTC and other cryptocurrencies legal tender.
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