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  #141  
Old 09.06.2021, 19:25
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Re: Mass adoption crypto

Another good piece of news is that IB will offer crypto trading for those who have accounts with them and, of course, are interested in

https://finance.yahoo.com/news/inter...163514474.html

Last edited by jacek; 10.06.2021 at 09:08.
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  #142  
Old 09.06.2021, 19:51
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Re: Mass adoption crypto

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That''s the business model of Panama, so not that crazy to try something similar.

I'm also curious at what the effect of bitcoin will be to the country balance of payments and what creditors think about the new policy. I'm surprised that El Salvador went from having zero sovereign debt to 12E+9 USD in the last 2 years. Will the IMF accept bitcoin for bond payment? https://data.worldbank.org/indicator...D?locations=SV
Statista is usually accurate, they disagree. Maybe El Salvador didn't have access to (foreign) USD, Argentina for instance didn't either until they settled a disagreement with foreign creditors on older debt.
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  #143  
Old 10.06.2021, 08:16
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Re: Mass adoption crypto

Can EF please DELETE this thread about this ponzi scam they like to make out is an investment.
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  #144  
Old 10.06.2021, 08:56
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Re: Mass adoption crypto

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Can EF please DELETE this thread about this ponzi scam they like to make out is an investment.
It seems you don't know what a Ponzi scheme is.

A Ponzi scheme pays dividends or interest to early investors from the money paid in by later investors. Show me the interest or dividends paid out to Bitcoin holders.

Just because the prices of cryptocurrencies are volatile, that doesn't mean they are scams.
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  #145  
Old 10.06.2021, 10:43
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Re: Mass adoption crypto

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Statista is usually accurate, they disagree. Maybe El Salvador didn't have access to (foreign) USD, Argentina for instance didn't either until they settled a disagreement with foreign creditors on older debt.
I think I used the wrong term. The World Dank data is external debt in USD. The statista number quite probably is external + internal debt.

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Can EF please DELETE this thread about this ponzi scam they like to make out is an investment.
Haha, My rough estimate is that a third of posts in the thread are skeptical about the whole thing. A noisy dialogue between opposing views, but still a dialogue. Well, never mind, keep following your prejudice.
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  #146  
Old 10.06.2021, 11:09
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Re: Mass adoption crypto

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Can EF please DELETE this thread about this ponzi scam they like to make out is an investment.
Lukaschenko is that you?
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  #147  
Old 10.06.2021, 13:37
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Re: Mass adoption crypto

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I think I used the wrong term. The World Dank data is external debt in USD. The statista number quite probably is external + internal debt.
It wasn't clear whether you're aware, but the WB page says so explicitly so it's all good. That said, Tradingeconomics agree with statista, and they call it external (please note their source).

El Salvador had a GDP of $27bln in 2019 (says Google). External indebtedness from zero to almost 50% in one single year, while perhaps possible, seems completely implausible. A chart like this, also by the WB, makes much more sense.
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  #148  
Old 22.06.2021, 07:20
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Re: Mass adoption crypto

Its ending ... crypto is dead

https://www.bbc.com/news/business-57549543
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  #149  
Old 22.06.2021, 08:18
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Re: Mass adoption crypto

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Its ending ... crypto is dead

https://www.bbc.com/news/business-57549543
It happens like once a year...?
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  #150  
Old 22.06.2021, 08:24
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Re: Mass adoption crypto

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Its ending ... crypto is dead

https://www.bbc.com/news/business-57549543
Right...because when someone drops the ball no one is there to pick it up. Tell me how moving bitcoin mining away from China is a bad thing.

https://uk.finance.yahoo.com/news/ch...pmKoI-d2GHae51

I'm not a maximalist nor a bitcoin bull. Does this mean people will move to ETH?
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  #151  
Old 22.06.2021, 09:55
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Re: Mass adoption crypto

Why positive beginning would be an end …

https://finance.yahoo.com/news/stock...162600429.html

Enjoy da ride through the “death cross” with a diamond hand.
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  #152  
Old 22.06.2021, 11:24
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Re: Mass adoption crypto

Well, we can observe the much dreaded viral fad pattern in the charts

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  #153  
Old 22.06.2021, 11:45
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Re: Mass adoption crypto

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I'm not a maximalist nor a bitcoin bull. Does this mean people will move to ETH?

When bitcoin tanks not always but pretty often all other coins tank too including Eth.
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  #154  
Old 22.06.2021, 12:20
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Re: Mass adoption crypto

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When bitcoin tanks not always but pretty often all other coins tank too including Eth.
So if I get it right, as China chases the miners away, the hash rate drops, in which case the scarcity factor increases and the price should go up all the same. Temporary drawdown is good for new investors to enter while others still HODL. And the popularity increases as the whole world is talking the crypto’s now. Then “Jerusalem’a Challenge” is back again.

https://finance.yahoo.com/news/chine...084958533.html
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  #155  
Old 22.06.2021, 12:47
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Re: Mass adoption crypto

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So if I get it right, as China chases the miners away, the hash rate drops, in which case the scarcity factor increases and the price should go up all the same. Temporary drawdown is good for new investors to enter while others still HODL. And the popularity increases as the whole world is talking the crypto’s now. Then “Jerusalem’a Challenge” is back again.

https://finance.yahoo.com/news/chine...084958533.html
Let's see if by next week Google data shows a rebound in interest for dogecoin. So far, the people that talked the most about dogecoin are silent and I guess they have no reason to do it again. They already sold to bagholders.

Dogecoin has been available on robinhood since 2018, on binance since 2019 and on coinbase app since 3 weeks ago. I think coinbase is the crypto trading app with most users (I may be wrong on this), so dogecoin is already on retail hands. Great job, mission accomplished!
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  #156  
Old 22.06.2021, 12:55
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Re: Mass adoption crypto

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Let's see if by next week Google data shows a rebound in interest for dogecoin. So far, the people that talked the most about dogecoin are silent and I guess they have no reason to do it again. They already sold to bagholders.

Dogecoin has been available on robinhood since 2018, on binance since 2019 and on coinbase app since 3 weeks ago. I think coinbase is the crypto trading app with most users (I may be wrong on this), so dogecoin is already on retail hands. Great job, mission accomplished!
I bought last week some 2,500 dogecoins with so-called “funny money” CHF600 just to give it a go. I’m well aware that it’s not caliber of Ethereum or Cardano in terms of usability but you never know these days. Especially, if Musk is planning to send it to Mars one day or all the way to the moon
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  #157  
Old 22.06.2021, 13:16
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Re: Mass adoption crypto

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I bought last week some 2,500 dogecoins with so-called “funny money” CHF600 just to give it a go. I’m well aware that it’s not caliber of Ethereum or Cardano in terms of usability but you never know these days. Especially, if Musk is planning to send it to Mars one day or all the way to the moon
Musk is among the people that talked the most and made that peak in google trends. But, if China communist party is against crypto, he cannot talk in favor of crypto. The guy is intelligent enough to respect the boss.
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  #158  
Old 22.06.2021, 17:40
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Re: Mass adoption crypto

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Musk is among the people that talked the most and made that peak in google trends. But, if China communist party is against crypto, he cannot talk in favor of crypto. The guy is intelligent enough to respect the boss.
Not for old farts like Musk and creepy Chinese party the modern cutting edge technology

The next generation of investors are super online ⁠— instead of traditional investments, many Gen Z and young millennial investors, from teens to those in their early 20s, are bullish on cryptocurrency and the technology that surrounds it.

https://www.cnbc.com/2021/06/22/gen-...s-amc-gme.html
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Old 22.06.2021, 18:02
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Re: Mass adoption crypto

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Not for old farts like Musk and creepy Chinese party the modern cutting edge technology

The next generation of investors are super online ⁠— instead of traditional investments, many Gen Z and young millennial investors, from teens to those in their early 20s, are bullish on cryptocurrency and the technology that surrounds it.

https://www.cnbc.com/2021/06/22/gen-...s-amc-gme.html
I'm not sure its a good idea to take your investment strategy from teenagers.
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Old 22.06.2021, 18:09
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Re: Mass adoption crypto

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I'm not sure its a good idea to take your investment strategy from teenagers.
Well they claim, that the future is in hands of young generation.
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