Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,858
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- 10,711
Thanks for that @qldfrog . I've been looking at crypto from the sidelines. Your comments are very informative. Sorry to see ARV dump like that.
gg
Thanks for that @qldfrog . I've been looking at crypto from the sidelines. Your comments are very informative. Sorry to see ARV dump like that.Yes crypto exchanges: for me: btc market;
So far very good but if noone trade, the business model collapses, also their commission is a percentage of the crypto.
If they played the up trend and kept these as crypto not cash, non only is the commision drying up but there is a ridk that previous income vanish as well..i would bet it will happen for some exchanges
As in the crypto exchanges? Possibly. Looks of uproar on Reddit about buyers having been locked out of their crypto brokers so if the fall continues then it may be the end for some if they continue to lock it their clients.
Unfortunately this story of behaviour always happens - it has happened with equities and has happened with FX in the past (I remember FXCM getting flogged when the Swiss implemented negative rates and traders couldnt adjust their positions).
let's just say I try to see cryptos from a detached view, I made some good coins out of these but not major, and had to kick myself when deciding to buy one more fullat 12k AUD or so, and delaying so much that I could not afford to gamble the full BTC prize.Thanks for that @qldfrog . I've been looking at crypto from the sidelines. Your comments are very informative. Sorry to see ARV dump like that.
gg
I don't think the bottom is in yet folks. If you frequent reddit, there's a lot of outrage directed towards Musk and many are of the opinion that bitcoin is now toast and other coins will rise - not saying that they're right but that's the perception and perception matters.
I'm not in crypto, but this instrument has absorbed so much cash I. E. Fiat, that it has started to affect other markets - did someone say contagion?
I'm watching this closely. Bitcoin is falling from all time highs, so is the DJI, and the NASDAQ and commodities (see lithium and rare earth prices, oil, iron ore).
This is part of a global, multi instrument trend - double top anyone? .. Meanwhile the eurozone officially entered a double dip recession overnight.
Hold on for the ride
Told you not to trust anything:
View attachment 124590
That's a +10% to -3% in under three hours.
And yes, that line is the resistance line I pointed out earlier:
View attachment 124591
Wise words , but particularly more interested in your avatar !! lol . The bear giving it to the bull ? Maybe a sign to cum ? i mean come ?you need to let the audience know tfs are important. I know your trying to display knowledge and improve people's awareness, even the veterans forget sometimes.
Heed the words of veteran trader Heidl Von Wagner (aka vinni da man), emotion has no place in a traders, maybe in an investors heart.
Hey, if you don't cry into your cornflakes once in a while you're doing it wrong.Heed the words of veteran trader Heidl Von Wagner (aka vinni da man), emotion has no place in a traders, maybe in an investors heheart.
Or curse the heavens when it moons after you sellHey, if you don't cry into your cornflakes once in a while you're doing it wrong.
Yeah no one disputes that, but some crypto currencies like Xrp / xlm or Ada are the technology platforms that currencies will run on.I think we have talked about the Feds wont allow another currency to undermine their own, it boils back to how do you control monetary policy, when you don't control the currency.
I think the theory and technology is great and will be used, but at the end of the day the economy runs on people working, getting paid and paying taxes to the Government to supply services.Yeah no one disputes that, but some crypto currencies like Xrp / xlm or Ada are the technology platforms that currencies will run on.
I think alot of people on this forum have bad information on blockchain technology ?
For e.g : xrp or xlm have validation nodes everywhere.
Simply put when u transfer money from anywhere in the world ? we use a 25 year old system called ' swift " which takes 24hrs - 3days which validation thru many networks and banks and fees are high.
Well in short Xrp can do payments anywhere around the world in minutes cutting the middle man and fees of transfers are less than 1/10 of 1 cent . Thats right under 1 cent.
This is one simple crypto coin with one function.
Tho some coins like bitcoin have been used as digital gold like a term of storage . Tho probaly thinking like you. No status quo will allow this to happen. Tho understanding also that u cant shut blockchain down . Tho I understand the u.s will use tether as there stable coin.. tho still Chinese whispers atm.
There are many different formats of coins with different systems networks like finance/ music etc etc.
Hope this gives you a better perspective.
But i think in 20 years .. block chain will run everything cause its supercede tech on digital platforms.
Like investing in Google or amazon 20years ago .
Tho picking the wrong coin or crypto is like picking yahoo instead of Google
Hope this info serves u well
Pls note this is not finacial info
Pls DYOR
yeah I don't know about the politics...I think the theory and technology is great and will be used, but at the end of the day the economy runs on people working, getting paid and paying taxes to the Government to supply services.
It can't work if everyone gets paid and no one supplies services, everyone gets wealthy until the toilet doesn't flush and the garbage is two stories high along the streets, which are littered with smashed cars because the traffic lights aren't working.
So unless the crypto's want to run everything, it wont work, because it wont be elected leaders it will be the crypto owners and they are about making money.
yeah I don't know about the politics...
All i know blockchain is far superior technology , That is far greater security , harder to hack , Faster , decentralised , everything is seen by all users , just faster and better technology. Pretty much of all the brains in developing software are now working in this field,
It's like going from dial up ( modem ) tech to Telstra 5 g network.. So regardless will be used
Yes it will be used, but it will be government crypto, not ponzi nerd crypto IMO.yeah I don't know about the politics...
All i know blockchain is far superior technology , That is far greater security , harder to hack , Faster , decentralised , everything is seen by all users , just faster and better technology. Pretty much of all the brains in developing software are now working in this field,
It's like going from dial up ( modem ) tech to Telstra 5 g network.. So regardless will be used
Why would governments use cryptos?Yes it will be used, but it will be government crypto, not ponzi nerd crypto IMO.
The governments will just hijack it IMO.
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