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Bitcoin price discussion and analysis

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I've been investing in crypto slowly, in btc , Xrp,eth and now xlm , I differently think we are @ the infancy stage of cypto , tho looking logically @ btc ( with regards to mining) the amounts of energy used, and also the ledger eventually controlled by China as they are the largest miners i can't see btc being a long term investment for me , eventually the largest reason that it will be frowned upon due to the large energy amounts required to mine,
I've decided to invest more in xrp and eth
Any thoughts ?
 

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this is what bitcoin is at risk with the Reset: being made illegal
1610665946119.png
so nazi, far right (obviously only far right as far left are angels), pedophiles, drug and arm dealers, dark web you name it, the propaganda is starting;
with the Reset, wealth in the west will have to be annihilated and inflation has to act as an invisible wealth tax.the game is on.Has bitcoin enough leverage to survive the attack?
 
noirua said:
en.wikipedia.org

Legality of cryptocurrency by country or territory - Wikipedia

en.wikipedia.org en.wikipedia.org

permissive (legal to use bitcoin) GREEN
contentious (some legal restrictions on usage of bitcoin) YELLOW
contentious (interpretation of old laws, but bitcoin is not prohibited directly) Mauve
hostile (full or partial prohibition) RED
no data GREY View attachment 118581
Click to expand...
I believe the dynamics in this map will be critical.once BTC becomes illegal in a key country, this prohibition will snowball and bitcoin is an anti Reset so bad news with the US.
Unless the Tech gurus in the silicon valley leverage their power with the Biden side, BTC is cooked but do not underestimate the power of these Techs and their willingness to save personal wealth from the madness ahead.
So my half baked BTC view...
Let's keep an eye on this map
 
qldfrog said:
I believe the dynamics in this map will be critical.once BTC becomes illegal in a key country, this prohibition will snowball and bitcoin is an anti Reset so bad news with the US.
Unless the Tech gurus in the silicon valley leverage their power with the Biden side, BTC is cooked but do not underestimate the power of these Techs and their willingness to save personal wealth from the madness ahead.
So my half baked BTC view...
Let's keep an eye on this map
Click to expand...


Mr Frog, I think there are 2 issues here:

(i) Will BTC be prohibited; and
(ii) Can that be enforced?

So historically, gold was prohibited to be held by individuals. It was however unenforceable simply because an individual could hold/hide the physical.

Re. BTC: it can (like gold) be prohibited. Can it like gold be held in secret? Given that the blockchain is extremely easy to track, I'm guessing this will not be as easy as hiding gold at the bottom of the garden beneath the gnome from Zurich?

jog on
duc
 
ducati916 said:
Mr Frog, I think there are 2 issues here:

(i) Will BTC be prohibited; and
(ii) Can that be enforced?

So historically, gold was prohibited to be held by individuals. It was however unenforceable simply because an individual could hold/hide the physical.

Re. BTC: it can (like gold) be prohibited. Can it like gold be held in secret? Given that the blockchain is extremely easy to track, I'm guessing this will not be as easy as hiding gold at the bottom of the garden beneath the gnome from Zurich?

jog on
duc
Click to expand...
Can it be held in secret?
The BTC i already own and are on a physical media probably, but in the west as in China, now, all internet traffic can/is recorded and to buy sell bitcoin you need to connect to a site somewhere.
by definition, blockchain can not work from 1 computer to another so it needs a network of computers
So you can not transfer a BTC from one smartphone to another using bluetooth or similar.
Should btc become illegal tomorrow in Australia, the only way you could bypass it if monitored would be to transmit your whole portfolio either as a memory stick and or password/secret key... Via pigeon mail or physical mean
Highly difficult.so indeed while cryptos are encrypted, their Achilles point is the buy sell process. Which does need a networked and so spyable transaction .
Gold much better
 
When the markets turn down, leveraged long positions quickly turn into a loss, resulting in margin calls from brokers. When the margin requirements are not met, the brokers dump the positions at market price, leading to a sharp plunge.
 
Offtopic really but an interesting coin mined by Argo Blockchain and others.

Zcash began its journey as a fork from the Bitcoin blockchain on Oct. 28, 2016. It takes a focus on providing better privacy for users through zero-knowledge cryptography dubbed zk-SNARKs and is developed by the Electric Coin Company (ECC).

Live charts
https://uk.advfn.com/p.php?pid=staticchart&s=coin^zecusd&width=233&height=190&p=0&t=1&vol=0

Pricing: https://www.coindesk.com/price/zcash
www.coindesk.com

Zcash Undergoes First Halving as Major Upgrade Drops 'Founders Reward'

Along with the halving, Zcash has rolled out its Canopy upgrade that replaces the Founders Reward with built-in funding for development.
www.coindesk.com www.coindesk.com
 
cointelegraph.com

Bitcoin and altcoins correct after Yellen’s ‘illicit financing’ critique

Janet Yellen’s crypto critical comments put a damper on the wider market just as Ethereum price reached a new all-time high.
cointelegraph.com cointelegraph.com
Despite today’s slight correction, institutional investors are still bullish on Bitcoin’s long term prospects. A recent projection from hedge fund Vailshire Capital Management called for an “imminent breakout” and PlanB, the creator of the popular Stock-to-Flow model, has predicted that Bitcoin price could close the month near $48,000.
cointelegraph.com

Bitcoin breakout 'imminent' says hedge fund as analyst targets $48K monthly close

Both Bitcoin's fundamentals and analysis of on-chain indicators are "wildly bullish," says Vailshire Capital Management, with BTC price reaching three-day highs.
cointelegraph.com cointelegraph.com
"A larger monthly jump to #bitcoin $48K would create a nice gap between monthly dots. These gaps usually mark the point of no return (red arrows), i.c. the phase transition to #phase5," he commented while uploading the chart to Twitter.
 
Last edited:
cointelegraph.com

President Biden freezes FinCEN's proposed crypto wallet regulations

All Federal regulatory processes have been frozen by Joe Biden, including those nasty self-hosted crypto wallet rules.
cointelegraph.com cointelegraph.com
“First, anyone is better than Secretary Mnuchin, who decided long ago that he hated everything about crypto. Second, although Dr. Yellen may not be a fan now, I expect she'll be open to learning & listening, & will follow regular order in deciding on new regulations. That's good.”
Click to expand...
 
cointelegraph.com

BitMEX operator joins digital finance standards and advocacy organization

BitMEX’s parent company 100x Group has joined Global Digital Finance, to collaborate with the public and private sector to drive mainstream adoption for crypto.
cointelegraph.com cointelegraph.com
BitMEX has been struggling to boost its regulatory and compliance efforts since the action was brought. On Jan. 12, the company announced a new collaboration with blockchain analytics firm Chainalysis to “identify, investigate, and stop illicit transactions.” Earlier in January, BitMEX claimed that its entire user base completed the obligatory Know Your Customer checks.
cointelegraph.com

More institutions will warm up to crypto once market cap hits $2T: eToro

The total cryptocurrency market capitalization passed $1 trillion for the first time earlier this month — and a new report commissioned by eToro has suggestions on how to double it.
cointelegraph.com cointelegraph.com
“Only by widening the playing field and facilitating more participation will crypto reach and maintain a market cap of $2 trillion and beyond.”
 
cointelegraph.com

Senate committee votes unanimously in favor of Yellen as Treasury Secretary

Janet Yellen appears to be on track to earn the Treasury Secretary nomination, pending a full Senate vote.
cointelegraph.com cointelegraph.com
The cryptocurrency industry has been following Yellen’s nomination process closely. The former Fed chief has given mixed signals on digital assets. On one hand, she has touted Bitcoin (BTC) and other digital assets as an important innovation in optimizing global transactions. On the other, she has raised concerns over crypto’s role in money laundering and illicit financing.
 

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