Groot Hospitality locations, which includes Miami hot spots like LIV and Story, now accept eMax tokens, a form of cryptocurrency, as payment for all ...
from #Bitcoinmovement https://ift.tt/3p7clna
via IFTTT
Current Bitcoin Price
Monday, May 31, 2021
What Is the Influence of Bitcoin On Government?
Attaining Bitcoin through mining can get tax, and it includes solving complicated algorithms. The miner gets more Bitcoin when they solve it fastest, and ...
from Google Alert - Bitcoin https://ift.tt/3p5HO9v
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2ReuEuk
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3p5HO9v
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2ReuEuk
via IFTTT
Question regarding cryptocurrencies backed by commodities aka stablecoins - Ethereum Stack ...
Can a cryptocurrency break the buck?
Don't Overclock your Body for Mining Fiat!
Just as the title says, please don't overclock your body too much from mining inflationary fiat! I've seen some posts and comments working their human RAM for two or even three mining rigs in one body and I can't help but see the damages it will lead to the future in there hardware.
Remember to discard some cookies and replace them with wholefoods.exe and delete unnecessary files and spam that might cause stress to your Human PC. Give some time to clean and pamper it (like giving it a salad.exe and a warmbath.exe). I know we're all overclocking ourselves to convert those mined fiat into crypto but let's not forget to take care of our human operating systems. Reconnecting with your FAMILY Network might also lessen the RAM usage and cool it off a bit.
We are only granted one human operating system and it won't last very long if you keep overclocking it for just some fiat that just decreases in value every 4 years or so. Take your human PC to the website "PARK.org" and let it scan for canines and felines up and about, that should alleviate it's system and relieve the stress caused by mining fiat.
>>>print("Cheers Everyone!") Cheers Everyone! >>> Submitted May 31, 2021 at 02:29PM by CreepToeCurrentSea https://ift.tt/3uEv2zV https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3p6HbfL
via IFTTT
More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract
Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as today’s exchange rates show the 32 ether to get started will run a user more than $84k.
More Than $13 Billion Worth of Ether Locked Into the Eth2 Deposit Contract
Ethereum users have added quite a bit of ether to the “Eth2 deposit contract,” as it’s called on Etherscan as 5,210,370 ETH has been deposited to-date. That’s $13.6 billion worth of ether locked into the Beacon Chain contract, which was invoked six months and three weeks ago.
At the time of writing, there’s more than a dozen 32 ETH-sized transactions waiting to be confirmed. In order for an individual to become a staking validator, 32 ether worth over $84k today is required. Dune Analytics statistics show the contract is 993.66% above the 524k threshold.
Ethereum cofounder Vitalik Buterin got the contract party started on November 5, 2020, when he deposited 3,200 ETH into the contract according to Etherscan. At the time of deposit, Buterin’s initial spend cost around $1.3 million and today it’s worth over $8.3 million. In fact, many of the validators that deposited at that time, saw significant gains during the six months after the Beacon Chain launch.
Data from Dune Analytics further shows that out of the 108,461 transactions sent to the Eth2 deposit contract, there’s 27,100 unique depositors. Beaconcha.in/charts data shows as of May 30, approximately 152,261 validators are recorded.
Over a Million Ether Added to the Eth2 Contract Last Month
From November 19 to the 27th, the ETH deposits started to skyrocket northbound. Around March 13, 2021, Eth2 deposits slowed down and started picking up steam again on May 1st. On that first day of May, there was 4.1 million ether locked into the contract, which means it’s increased by 26.8% since then.
The biggest spike in validators was on November 25, 2020, and the last big deposit spike was on May 26, 2021. In addition to noncustodial options, ethereum enthusiasts can also leverage custodial exchanges like Coinbase and Kraken to stake their ether.
Beaconcha.in/charts statistics further shows validator distribution by Eth1 deposit addresses with validators such as Kraken, Binance, Whales, Huobi, Bitcoin Suisse, Staked.us, Lido, and Stakefish.
What do you think about the 5.2 million staked ether locked into the Eth2 Deposit Contract? Let us know what you think about this subject in the comments section below.
from Bitcoin News https://ift.tt/2SO8Hmk
via IFTTT
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3g21RRQ
via IFTTT
Baltimore, Maryland Bitcoin ATM
Bitcoin ATM is located inside of the Citgo Gas Station convenience store. Open 24 hours a day, 7 days a week. You can buy bitcoin with cash here.
from Google Alert - Bitcoin https://ift.tt/3vJerfy
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vEGQn3
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3vJerfy
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vEGQn3
via IFTTT
Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders
On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market ...
from Google Alert - Bitcoin https://ift.tt/3p9v5CM
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3fX82H4
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3p9v5CM
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3fX82H4
via IFTTT
Magnus Carlsen wins world's first bitcoin chess tournament - Meltwater Champions Chess Tour 2021
Magnus Carlsen is the world's first bitcoin chess champion after overcoming Wesley So in a thrilling FTX Crypto Cup final.
from Google Alert - Bitcoin https://ift.tt/3p8fzqC
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SI3E6H
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3p8fzqC
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SI3E6H
via IFTTT
Ep 93: Daniel Pickering - Cryptocurrencies - A new asset class? by Inside the Rope with David Clark
Cryptocurrencies: Are they really a new asset class?
Daily Discussion - June 1, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted May 31, 2021 at 07:00PM by AutoModerator https://ift.tt/3p5uDVU https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3yLpBT3
via IFTTT
What Is the Influence of Bitcoin On Government?
Attaining Bitcoin through mining can get tax, and it includes solving complicated algorithms. The miner gets more Bitcoin when they solve it fastest, and ...
from Google Alert - Bitcoin https://ift.tt/3p5HO9v
from Google Alert - Bitcoin https://ift.tt/3p5HO9v
Question regarding cryptocurrencies backed by commodities aka stablecoins - Ethereum Stack ...
the market price would have to be pegged to the value of an amount of gold. The market price would depend on supply and demand. You could ...
from #Bitcoinmovement https://ift.tt/3pewYhl
via IFTTT
from #Bitcoinmovement https://ift.tt/3pewYhl
via IFTTT
Can a cryptocurrency break the buck?
Certain cryptocurrencies known as stablecoins are today's economic equivalent of money-market funds, and in some cases their practices should ...
from #Bitcoinmovement https://ift.tt/3uBTrWH
via IFTTT
from #Bitcoinmovement https://ift.tt/3uBTrWH
via IFTTT
Don't Overclock your Body for Mining Fiat!
Just as the title says, please don't overclock your body too much from mining inflationary fiat! I've seen some posts and comments working their human RAM for two or even three mining rigs in one body and I can't help but see the damages it will lead to the future in there hardware.
Remember to discard some cookies and replace them with wholefoods.exe and delete unnecessary files and spam that might cause stress to your Human PC. Give some time to clean and pamper it (like giving it a salad.exe and a warmbath.exe). I know we're all overclocking ourselves to convert those mined fiat into crypto but let's not forget to take care of our human operating systems. Reconnecting with your FAMILY Network might also lessen the RAM usage and cool it off a bit.
We are only granted one human operating system and it won't last very long if you keep overclocking it for just some fiat that just decreases in value every 4 years or so. Take your human PC to the website "PARK.org" and let it scan for canines and felines up and about, that should alleviate it's system and relieve the stress caused by mining fiat.
>>>print("Cheers Everyone!") Cheers Everyone! >>> Submitted May 31, 2021 at 02:29PM by CreepToeCurrentSea https://ift.tt/3uEv2zV https://ift.tt/2Z7cX2s
More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract
Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as today’s exchange rates show the 32 ether to get started will run a user more than $84k.
More Than $13 Billion Worth of Ether Locked Into the Eth2 Deposit Contract
Ethereum users have added quite a bit of ether to the “Eth2 deposit contract,” as it’s called on Etherscan as 5,210,370 ETH has been deposited to-date. That’s $13.6 billion worth of ether locked into the Beacon Chain contract, which was invoked six months and three weeks ago.
At the time of writing, there’s more than a dozen 32 ETH-sized transactions waiting to be confirmed. In order for an individual to become a staking validator, 32 ether worth over $84k today is required. Dune Analytics statistics show the contract is 993.66% above the 524k threshold.
Ethereum cofounder Vitalik Buterin got the contract party started on November 5, 2020, when he deposited 3,200 ETH into the contract according to Etherscan. At the time of deposit, Buterin’s initial spend cost around $1.3 million and today it’s worth over $8.3 million. In fact, many of the validators that deposited at that time, saw significant gains during the six months after the Beacon Chain launch.
Data from Dune Analytics further shows that out of the 108,461 transactions sent to the Eth2 deposit contract, there’s 27,100 unique depositors. Beaconcha.in/charts data shows as of May 30, approximately 152,261 validators are recorded.
Over a Million Ether Added to the Eth2 Contract Last Month
From November 19 to the 27th, the ETH deposits started to skyrocket northbound. Around March 13, 2021, Eth2 deposits slowed down and started picking up steam again on May 1st. On that first day of May, there was 4.1 million ether locked into the contract, which means it’s increased by 26.8% since then.
The biggest spike in validators was on November 25, 2020, and the last big deposit spike was on May 26, 2021. In addition to noncustodial options, ethereum enthusiasts can also leverage custodial exchanges like Coinbase and Kraken to stake their ether.
Beaconcha.in/charts statistics further shows validator distribution by Eth1 deposit addresses with validators such as Kraken, Binance, Whales, Huobi, Bitcoin Suisse, Staked.us, Lido, and Stakefish.
What do you think about the 5.2 million staked ether locked into the Eth2 Deposit Contract? Let us know what you think about this subject in the comments section below.
from Bitcoin News https://ift.tt/2SO8Hmk
via IFTTT
Baltimore, Maryland Bitcoin ATM
Bitcoin ATM is located inside of the Citgo Gas Station convenience store. Open 24 hours a day, 7 days a week. You can buy bitcoin with cash here.
from Google Alert - Bitcoin https://ift.tt/3vJerfy
from Google Alert - Bitcoin https://ift.tt/3vJerfy
Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders
On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market ...
from Google Alert - Bitcoin https://ift.tt/3p9v5CM
from Google Alert - Bitcoin https://ift.tt/3p9v5CM
Magnus Carlsen wins world's first bitcoin chess tournament - Meltwater Champions Chess Tour 2021
Magnus Carlsen is the world's first bitcoin chess champion after overcoming Wesley So in a thrilling FTX Crypto Cup final.
from Google Alert - Bitcoin https://ift.tt/3p8fzqC
from Google Alert - Bitcoin https://ift.tt/3p8fzqC
Ep 93: Daniel Pickering - Cryptocurrencies - A new asset class? by Inside the Rope with David Clark
Daniel Pickering is the CIO at The ListedReserve, a fund manager that runs several strategies that invest across the cryptocurrency ecosystem.
from #Bitcoinmovement https://ift.tt/3yPW6zm
via IFTTT
from #Bitcoinmovement https://ift.tt/3yPW6zm
via IFTTT
Cryptocurrencies: Are they really a new asset class?
Daniel Pickering is the CIO at The ListedReserve, a fund manager that runs several strategies that invest across the cryptocurrency ecosystem.
from #Bitcoinmovement https://ift.tt/3wZDhbt
via IFTTT
from #Bitcoinmovement https://ift.tt/3wZDhbt
via IFTTT
Daily Discussion - June 1, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted May 31, 2021 at 07:00PM by AutoModerator https://ift.tt/3p5uDVU https://ift.tt/2Z7cX2s
Sunday, May 30, 2021
India must not miss the cryptocurrency bus
Yet, Indian banks still block these transactions, and the government has circulated a draft bill outlawing all cryptocurrency activities, which has been ...
from #Bitcoinmovement https://ift.tt/3vD2E2b
via IFTTT
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3uw3uwl
via IFTTT
from #Bitcoinmovement https://ift.tt/3vD2E2b
via IFTTT
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3uw3uwl
via IFTTT
Pinboard on Twitter: "I think it's time for us in the tech world to speak out and make it clear the ...
Cryptocurrency is sustained by a mix of money laundering, vaporware, fraud ... Cryptocurrency solves no problems that it didn't first create, and most of ...
from #Bitcoinmovement https://www.google.com/url?rct=j&sa=t&url=https://twitter.com/pinboard/status/1399058952336277505&ct=ga&cd=CAIyGjA3Yjg3ODExOGU1NWI4ZjU6Y29tOmVuOlVT&usg=AFQjCNEKFo5OkXfBHEYH04o4eKBFos8lIg
via IFTTT
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3uHb3kc
via IFTTT
from #Bitcoinmovement https://www.google.com/url?rct=j&sa=t&url=https://twitter.com/pinboard/status/1399058952336277505&ct=ga&cd=CAIyGjA3Yjg3ODExOGU1NWI4ZjU6Y29tOmVuOlVT&usg=AFQjCNEKFo5OkXfBHEYH04o4eKBFos8lIg
via IFTTT
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3uHb3kc
via IFTTT
Just Left From The Indy 500 - The Bitcoin Car Lead Around 20-30 Laps In Front Of 135k People
Wasn’t that exciting of a race as it was a very clean race with only 2 minor cautions. Either way, it was super exciting to watch and the end was thrilling!
As for the reason for this post, I think it needs to be emphasized how big of a deal it was to see Bitcoin sponsor an Indy car. On top of that, the driver of the Bitcoin car, Rinus Veekay, started in 3rd place and lead around 20-30 laps of the total 200 laps.
What that means is that 135k in person, saw Bitcoin leading the pack. That doesn’t include the hundreds of thousands watching it on TV too.
Exposure is the first step, adoption is next.
Submitted May 30, 2021 at 04:30PM by Brybro07 https://ift.tt/3i5bcv8 https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3fwGOYK
via IFTTT
Bitcoin vs. Cosmos vs. Internet Computer Comparison
Compare Bitcoin vs. Cosmos vs. Internet Computer using this comparison chart. Compare price, features, and reviews of the software side-by-side to ...
from Google Alert - Bitcoin https://ift.tt/3p2Rp0L
from Google Alert - Bitcoin https://ift.tt/3p2Rp0L
Why Bitcoin and Xinjiang Will Struggle to Quit Each Other
Or the reports four months later that the country was planning to limit electricity supply to Bitcoin mining operations and shut down their businesses.
from Google Alert - Bitcoin https://ift.tt/34uDLKn
from Google Alert - Bitcoin https://ift.tt/34uDLKn
Financial Guru Dave Ramsey Advises Whether One Should Invest in Bitcoin, Other Cryptocurrencies
Dave Ramsey's Advice on Investing in Bitcoin and Other Cryptocurrencies. Dave Ramsey has given advice on cryptocurrency investing. Michael from ...
from Google Alert - Bitcoin https://ift.tt/3p714n6
from Google Alert - Bitcoin https://ift.tt/3p714n6
US, China regulators have a problem with bitcoin. Hong Kong, Singapore may have solutions
Bitcoin is taking a beating. Tesla no longer accepts it, China is clamping down and the US is warning about how cryptocurrencies 'facilitate illegal ...
from Google Alert - Bitcoin https://ift.tt/3fxwHmv
from Google Alert - Bitcoin https://ift.tt/3fxwHmv
Weekly Roundup: Billionaire Ray Dalio is a Bitcoin Hodler, Ethereum devs update community on ...
Amid growing regulatory uncertainty in China, Bitcoin miners have begun preparing their exit strategy from the country. While some are looking to ...
from Google Alert - Bitcoin https://ift.tt/3i3Lk2w
from Google Alert - Bitcoin https://ift.tt/3i3Lk2w
Banks warn its customers of curbs if they deal in cryptocurrency
Banks warn its customers of curbs if they deal in cryptocurrency. Illustration: Rahul Awasthi. Synopsis. Banks issue official notices warning of ...
from #Bitcoinmovement https://ift.tt/3vD3RH0
via IFTTT
from #Bitcoinmovement https://ift.tt/3vD3RH0
via IFTTT
Top 5 cryptocurrencies to watch this week: BTC, MATIC, EOS, XMR, AAVE | UK Time News
Let's take a look at 5 cryptocurrencies that could start trending this week. BTC / USDT. Bitcoin's brief breakout was unable to break through the 200-day ...
from #Bitcoinmovement https://ift.tt/3vOjR9j
via IFTTT
from #Bitcoinmovement https://ift.tt/3vOjR9j
via IFTTT
Why do people think that Cardano is faster than Ethereum?
OK can we please have a technical discussion regarding the scalability of Cardano? Instead of the regular super highly upvoted moontalk (I know this thread will probably be downvoted to oblivion).
Cardano currently only handles 7 transactions per second on-chain. Ethereum currently handles 12-15 transactions per second on-chain. By tweaking some parameters in the future Cardano could potentially scale to 50 transactions per second on-chain which obviously still isn't enough for real world adoption. Cardano will scale off-chain with layer 2 solutions (Hydra). But they are awfully behind their competition in developing layer 2 support.
Don't take my word for it, even Cardano devs on their own subreddit admit all this.
So why do so many people think that Cardano is faster than Ethereum?
Also, I made this same post intended to discuss the scalability of Cardano two days ago. It quickly rose into the top 50 posts until a bot deleted it from the frontpage stating "there are already 2 posts about this coin in the top 50". But guess what, there are always 2 non-critical moonboy posts about Cardano in the top 50. So it's very unfortunate that technical discussions about this coin have no place on r/CryptoCurrency. I will therefore keep posting this daily, until the day a bot doesn't delete it.
Edit: Since this time, this post didn't get deleted, I will add this. I have nothing against Cardano. But I have noted that there currently exists a widespread lack of knowledge regarding the scalability of blockchains in general and Cardano in particular. This is an extremely hard technical problem that haven't been solved for over 10 years. Cardano is not offering a unique quick fix to this anytime in the near future. But I am happy that we now have more projects than ever (including Cardano) that are working on it.
Submitted May 30, 2021 at 06:49PM by montaigne85 https://ift.tt/3vvSm41 https://ift.tt/2Z7cX2s
Bitcoin is headed toward its worst month since 2011; 'Rich Dad, Poor Dad' author says that's 'great ...
Rough month provides a buying opportunity, Robert Kiyosaki says. Bitcoin prices have slid in May. AFP via Getty Images.
from Google Alert - Bitcoin https://ift.tt/2Twpmen
from Google Alert - Bitcoin https://ift.tt/2Twpmen
Sheetz to accept Bitcoin, other cryptocurrencies this summer
(WTAJ) — Sheetz customers will soon have the option to pay for their food and gas with cryptocurrency. The convenience store chain will accept Bitcoin, ...
from Google Alert - Bitcoin https://ift.tt/34udhbO
from Google Alert - Bitcoin https://ift.tt/34udhbO
Financial Guru Dave Ramsey Advises Whether One Should Invest in Bitcoin, Other Cryptocurrencies
Ramsey sees cryptocurrency as a get-rich-quick scheme, preferring to make his money in a “methodical” and “boring” way. Dave Ramsey's Advice on ...
from #Bitcoinmovement https://ift.tt/3uF0U7o
via IFTTT
from #Bitcoinmovement https://ift.tt/3uF0U7o
via IFTTT
Daily Discussion - May 31, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted May 30, 2021 at 07:00PM by AutoModerator https://ift.tt/3fQoAAo https://ift.tt/2Z7cX2s
Financial Guru Dave Ramsey Advises Whether One Should Invest in Bitcoin, Other Cryptocurrencies
Financial guru Dave Ramsey has given advice on whether one should invest in cryptocurrencies, like bitcoin. Ramsey sees cryptocurrency as a get-rich-quick scheme, preferring to make his money in a “methodical” and “boring” way.
Dave Ramsey’s Advice on Investing in Bitcoin and Other Cryptocurrencies
Dave Ramsey has given advice on cryptocurrency investing. Michael from Dayton, Ohio, called into The Ramsey Show saying that he had been looking into cryptocurrency and asked whether he should be investing in it. The episode, entitled “Should I Invest in Cryptocurrency?” was aired on May 20. Michael is 24 years old and has saved up $3,800 from working his job. He told Ramsey: “I just want to know what are the best investments to really look at and where to go about it.”
The self-proclaimed personal money management expert, Ramsey calls himself “America’s trusted voice on money.” He is the author of seven best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, Dave Ramsey’s Complete Guide to Money, The Legacy Journey, and Smart Money Smart Kids. Altogether, they have sold more than 11 million copies.
“You have to set your investment goals with what you believe is your best path to becoming wealthy, otherwise you wouldn’t do the investment, right?” Ramsey began. Michael agreed.
Ramsey proceeded to share his investment experience. “When I was 24, I made a lot of mistakes, buying things that I thought would make me wealthy, quickly and easily,” he detailed, adding that for example, he “bought a lot of nothing-down real estate” and “went broke as a result.”
He also “bought gold futures,” putting all of his $5,000 he had at the time in it. He followed the strategy of a “gold guy,” who “had hit 14 times in a row on his prediction.” Ramsey stood to make $50K if this prediction hit. However, “he missed on that try and my little bitty $5,000 net worth was just evaporated based on my attempt to make $50K in 90 days off of $5,000,” he shared.
Turning to bitcoin and cryptocurrencies, Ramsey described: “Bitcoin’s hot. Crypto’s hot. A lot of people are making a lot of money on it right now.” However, he emphasized: “It is as you said, Michael, very very volatile and so it falls for me, an old guy, under the heading of getting rich quick and I have not found many people that get rich quick. And I don’t like losing money.” Ramsay then advised:
You can certainly do what you want to do but you called here. We do not tell people to invest in highly volatile, unpredictable investments. And currencies of any kind fall in that category. Bitcoin will be the most volatile among those, crypto would be the most volatile among those.
Nonetheless, Ramsey acknowledged that there is a chance of making money with volatile assets. He referenced a guy who called into his show, who put $3,500 into Gamestop and made $50,000. The finance guru commented, “It was interesting to watch from the outside.”
He opined: “I think you’ve got a better shot at bitcoin than you do the lotto, that’s all I’m saying, but both of them are dumb ideas in my mind and I didn’t put any money in either one of them. I’ve never bought a scratch-off ticket in my entire life.”
Reiterating that he just doesn’t like giving his money away, Ramsey said that “If I’m gonna have fun that way, I’m gonna roll down the window, throw $100 bills and cause traffic jams going down the interstate. That’s more fun.” He further noted:
Of course everybody that’s a bitcoin genius right now thinks Dave Ramsey’s an out of touch boomer, which is probably true, but I’m also worth several hundred million dollars so let’s go figure that out.
He then discussed that the investments depend on the investor’s risk tolerance and goal. He proceeded to compare beanie babies to BTC, stating that for him, “that’s right up there in bitcoin.”
“The thing is, Michael, you can invest in whatever you want but the data points tell us that people who do get rich quick don’t. That’s the bottom line,” Ramsey said.
“Out of studying 10,000 millionaires, the number of them that got rich quick is very, very, very small,” he affirmed, adding that they were “methodical and boring and didn’t have a good story to tell their golf course buddy … they just were methodical, they were boring and that’s what I’ve done.”
What do you think about Dave Ramsey’s advice on whether to invest in bitcoin or other cryptocurrencies? Let us know in the comments section below.
from Bitcoin News https://ift.tt/3c6Q7MR
via IFTTT
“According to the report, $3.2 billion of Bitcoin was sold at a loss last week after being acquired in the previous 4 to 13 weeks.” -Noobs lol....
“... explains that whales bought 77,000 bitcoin last week, now worth over $3 billion.” -Pros lol....
Submitted May 30, 2021 at 05:40PM by AcidAlchamy https://ift.tt/34zXmZD https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3c6y0GN
via IFTTT
Investing in bitcoin reddit 2016 -
The FBI director Louis Freeh was engaged in a struggle of attrition in opposition to many of his own senior investigators. A Bitcoin investment is exactly ...
from Google Alert - Bitcoin https://ift.tt/2SEjQG4
from Google Alert - Bitcoin https://ift.tt/2SEjQG4
Cryptocurrency: The strange (and sexist) language of crypto, from 'pump and dump' strategies to ...
Cryptocurrency: The strange (and sexist) language of crypto, from 'pump and dump' strategies to eyebrow-raising names. 37 minutes ago. RNZ.
from #Bitcoinmovement https://ift.tt/3g09Rmo
via IFTTT
from #Bitcoinmovement https://ift.tt/3g09Rmo
via IFTTT
India must not miss the cryptocurrency bus
Yet, Indian banks still block these transactions, and the government has circulated a draft bill outlawing all cryptocurrency activities, which has been ...
from #Bitcoinmovement https://ift.tt/3vD2E2b
via IFTTT
from #Bitcoinmovement https://ift.tt/3vD2E2b
via IFTTT
Pinboard on Twitter: "I think it's time for us in the tech world to speak out and make it clear the ...
Cryptocurrency is sustained by a mix of money laundering, vaporware, fraud ... Cryptocurrency solves no problems that it didn't first create, and most of ...
from #Bitcoinmovement https://www.google.com/url?rct=j&sa=t&url=https://twitter.com/pinboard/status/1399058952336277505&ct=ga&cd=CAIyGjA3Yjg3ODExOGU1NWI4ZjU6Y29tOmVuOlVT&usg=AFQjCNEKFo5OkXfBHEYH04o4eKBFos8lIg
via IFTTT
from #Bitcoinmovement https://www.google.com/url?rct=j&sa=t&url=https://twitter.com/pinboard/status/1399058952336277505&ct=ga&cd=CAIyGjA3Yjg3ODExOGU1NWI4ZjU6Y29tOmVuOlVT&usg=AFQjCNEKFo5OkXfBHEYH04o4eKBFos8lIg
via IFTTT
Just Left From The Indy 500 - The Bitcoin Car Lead Around 20-30 Laps In Front Of 135k People
Wasn’t that exciting of a race as it was a very clean race with only 2 minor cautions. Either way, it was super exciting to watch and the end was thrilling!
As for the reason for this post, I think it needs to be emphasized how big of a deal it was to see Bitcoin sponsor an Indy car. On top of that, the driver of the Bitcoin car, Rinus Veekay, started in 3rd place and lead around 20-30 laps of the total 200 laps.
What that means is that 135k in person, saw Bitcoin leading the pack. That doesn’t include the hundreds of thousands watching it on TV too.
Exposure is the first step, adoption is next.
Submitted May 30, 2021 at 04:30PM by Brybro07 https://ift.tt/3i5bcv8 https://ift.tt/2Z7cX2s
“According to the report, $3.2 billion of Bitcoin was sold at a loss last week after being acquired in the previous 4 to 13 weeks.” -Noobs lol....
“... explains that whales bought 77,000 bitcoin last week, now worth over $3 billion.” -Pros lol....
Submitted May 30, 2021 at 05:40PM by AcidAlchamy https://ift.tt/34zXmZD https://ift.tt/2Z7cX2s
Saturday, May 29, 2021
Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency Policies
Bank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three ...
from #Bitcoinmovement https://ift.tt/2RUn2gN
via IFTTT
from #Bitcoinmovement https://ift.tt/2RUn2gN
via IFTTT
SEC sues cryptocurrency promoters over $2 billion scheme
The actions against cryptocurrency issuers, brokers and exchanges have come as digital currencies like Bitcoin have exploded in popularity in recent ...
from #Bitcoinmovement https://ift.tt/3i7POFl
via IFTTT
from #Bitcoinmovement https://ift.tt/3i7POFl
via IFTTT
JPMorgan Boss Jamie Dimon Personally Advises People to ‘Stay Away’ From Cryptocurrency
JPMorgan Chase CEO Jamie Dimon has given personal advice to investors regarding investing in cryptocurrencies, like bitcoin. He said that his own personal advice to people is to “stay away” from cryptocurrencies. However, his bank, JPMorgan, will not stay away as clients want exposure to this asset class.
Jamie Dimon’s Personal Advice to Investors About Bitcoin, Other Cryptocurrencies
Jamie Dimon, the CEO of JPMorgan Chase, the largest bank in the U.S., gave his congressional testimony before the House of Financial Services Committee regarding cryptocurrency on Thursday. While admitting that JPMorgan’s clients are interested in investing in bitcoin, Dimon said:
My own personal advice to people is stay away from it. That does not mean the clients don’t want it. This goes back to how you have to run a business. I don’t smoke marijuana but if you make it nationally legal, I’m not going to stop our people from banking it.
“We are debating should we make it available in some way, in a safe way, that people can buy and sell it” and put it in their financial statements and balance sheets, the JPMorgan CEO continued. “But my own personal view, it’s nothing like a fiat currency. It’s nothing like gold. Buyer beware.”
Dimon clarified that his statements only apply to cryptocurrencies, not blockchains or stablecoins, which are “supported by assets,” he said.
The JPMorgan boss further emphasized that his personal views do not influence the financial services that JPMorgan Chase offers to its clients. “A lot of our clients are asking, ‘can we help them buy or sell cryptocurrency?” Dimon said at JPMorgan Chase’s annual shareholder meeting last week. “And we’re investing in that as we speak.”
The JPMorgan executive further said during his congressional testimony Thursday:
I don’t tell people how to spend their money, regardless of how I might personally feel about something.
Reiterating his view expressed in April that cryptocurrencies are emerging issues that need to be dealt with quickly, Dimon said in his congressional testimony that the crypto asset class could benefit from more regulation.
“I do think that eventually the regulators who are a day late and a dollar short should be paying a lot more attention to the future, like payment for the order flow, a high-frequency trading, cryptocurrency, and put a legal regulatory framework around it,” he opined.
Dimon has long been a bitcoin skeptic. He called the cryptocurrency a fraud back in September 2017. Now JPMorgan is slowly getting into the crypto space. In March, the bank launched a crypto investment product tracking public company stocks with bitcoin exposure. The bank is also reportedly working on providing clients access to bitcoin investments.
JPMorgan recently highlighted three reasons for investing in bitcoin after its analysts predicted that the price of the cryptocurrency could reach $146K as its competition with gold heats up. The firm subsequently lowered its bitcoin price estimate to $130K but said that clients can put 1% of their portfolios in BTC. Last week, JPMorgan initiated coverage of the Coinbase stock with an overweight rating and a 60% upside from the current price.
What do you think about Jamie Dimon’s personal advice to investors about bitcoin and cryptocurrencies? Let us know in the comments section below.
from Bitcoin News https://ift.tt/3p1fG7c
via IFTTT
Forget Bitcoin! This TSX Gold Stock Has a Superior Store of Value
Bitcoin (BTC) would be no match for gold if you were to read between the lines of the recent statements by Mark Bristow, CEO of Barrick Gold ...
from Google Alert - Bitcoin https://ift.tt/2R2qVzI
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vMc1wV
via IFTTT
from Google Alert - Bitcoin https://ift.tt/2R2qVzI
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vMc1wV
via IFTTT
Cryptocurrencies at the service of business travel - Ayruu
Daily Discussion - May 30, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted May 29, 2021 at 07:00PM by AutoModerator https://ift.tt/3uwiA4X https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3bZMWXe
via IFTTT
Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap
https://ift.tt/3fxNYMd
Submitted May 29, 2021 at 01:33PM by OkEconomist4491 https://ift.tt/3i44WDx https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2R2rGc2
via IFTTT
Submitted May 29, 2021 at 01:33PM by OkEconomist4491 https://ift.tt/3i44WDx https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2R2rGc2
via IFTTT
Bitcoin collapse fears as Wall Street icon explains why 'no one's money is safe'
BITCOIN could collapse so dramatically that it would leave "no time" to "keep everyone's money safe," a Wall Street icon explains in a groundbreaking ...
from Google Alert - Bitcoin https://ift.tt/3p0YAqh
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3p4PTuN
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3p0YAqh
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3p4PTuN
via IFTTT
This dip is hard proof that we are still early in Bitcoin.
The fact that people are selling, and selling because of mostly the same FUD we've heard since the dawn of Bitcoin. FUD such as China says X, US ...
from Google Alert - Bitcoin https://ift.tt/3vzitXD
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3fxWiM9
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3vzitXD
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3fxWiM9
via IFTTT
IN THESE COUNTRIES, CRYPTOCURRENCIES ARE BANNED AND CONSIDERED ILLEGAL ...
JPMorgan's CEO says cryptocurrencies are far inferior to traditional assets. |
Do we dip on Sundays? Here's how Bitcoin has fared on every Sunday so far this year...
Hey guys, there's a lot of talk about the mythical Sunday dip going around so I thought I'd see how BTC has fared so far this year
All prices were taken from CoinMarketCap and I used the opening and closing price to gauge how well it performed. Any gain/loss that was less than 1% is classed as breakeven. I did double check everything but I apologise in advance if anything is incorrect
Here we go...
Sun 23rd May 8% loss
Sun 16th May Breakeven
Sun 9th May 1% loss
Sun 2nd May 2% loss
Sun 25th April 2% loss
Sun 18th April 6% loss
Sun 11th April breakeven
Sun 4th April 2% gain
Sun 28th March Breakeven
Sun 21st March 1% loss
Sun 14th March 3% loss
Sun 7th March 3% gain
Sun 28th February 2% loss
Sun 21st February 3% gain
Sun 14th February 3% gain
Sun 7th February Breakeven
Sun 31st January 3% loss
Sun 24th January Breakeven
Sun 17th January 1% loss
Sun 10th January 4% loss
Sun 3rd January 2% gain
As you can see, we've had more losses than gains but most of the losses were insignificant amounts like 1-2%. You've essentially got the same chance of breaking even or making a profit if you don't sell in anticipation of the Sunday dip
Hope some of you find this useful!
Submitted May 29, 2021 at 12:30PM by damnusernamegotcutof https://ift.tt/34uz8jy https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3i37u4R
via IFTTT
More companies are investing in Bitcoin, reveals SEC filings - Globant bought $18 million worth BTC
https://ift.tt/3c3RBHM
Submitted May 29, 2021 at 01:02PM by kryptovijoy https://ift.tt/3fyPjCy https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3paIBpG
via IFTTT
Submitted May 29, 2021 at 01:02PM by kryptovijoy https://ift.tt/3fyPjCy https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3paIBpG
via IFTTT
Forget Bitcoin! This TSX Gold Stock Has a Superior Store of Value
Bitcoin (BTC) would be no match for gold if you were to read between the lines of the recent statements by Mark Bristow, CEO of Barrick Gold ...
from Google Alert - Bitcoin https://ift.tt/2R2qVzI
from Google Alert - Bitcoin https://ift.tt/2R2qVzI
Cryptocurrencies at the service of business travel - Ayruu
Cryptocurrencies are now present in business travel. Bitcoin, Etherum... What does cryptocurrency have to do with business travel?
from #Bitcoinmovement https://ift.tt/3fy0T0T
via IFTTT
from #Bitcoinmovement https://ift.tt/3fy0T0T
via IFTTT
Daily Discussion - May 30, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted May 29, 2021 at 07:00PM by AutoModerator https://ift.tt/3uwiA4X https://ift.tt/2Z7cX2s
Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap
https://ift.tt/3fxNYMd
Submitted May 29, 2021 at 01:33PM by OkEconomist4491 https://ift.tt/3i44WDx https://ift.tt/2Z7cX2s
Submitted May 29, 2021 at 01:33PM by OkEconomist4491 https://ift.tt/3i44WDx https://ift.tt/2Z7cX2s
Bitcoin collapse fears as Wall Street icon explains why 'no one's money is safe'
BITCOIN could collapse so dramatically that it would leave "no time" to "keep everyone's money safe," a Wall Street icon explains in a groundbreaking ...
from Google Alert - Bitcoin https://ift.tt/3p0YAqh
from Google Alert - Bitcoin https://ift.tt/3p0YAqh
This dip is hard proof that we are still early in Bitcoin.
The fact that people are selling, and selling because of mostly the same FUD we've heard since the dawn of Bitcoin. FUD such as China says X, US ...
from Google Alert - Bitcoin https://ift.tt/3vzitXD
from Google Alert - Bitcoin https://ift.tt/3vzitXD
IN THESE COUNTRIES, CRYPTOCURRENCIES ARE BANNED AND CONSIDERED ILLEGAL ...
Many governments are beginning to recognise the economic benefits of cryptocurrencies and have passed legislation to regulate them. Bitcoin and ...
from #Bitcoinmovement https://ift.tt/2R6qRiA
via IFTTT
from #Bitcoinmovement https://ift.tt/2R6qRiA
via IFTTT
JPMorgan's CEO says cryptocurrencies are far inferior to traditional assets. |
... stated while responding to Congressman Warren Davidson, who is passionate about cryptocurrencies. Banks and other financial institutions are […]
from #Bitcoinmovement https://ift.tt/3bYQMzZ
via IFTTT
from #Bitcoinmovement https://ift.tt/3bYQMzZ
via IFTTT
Do we dip on Sundays? Here's how Bitcoin has fared on every Sunday so far this year...
Hey guys, there's a lot of talk about the mythical Sunday dip going around so I thought I'd see how BTC has fared so far this year
All prices were taken from CoinMarketCap and I used the opening and closing price to gauge how well it performed. Any gain/loss that was less than 1% is classed as breakeven. I did double check everything but I apologise in advance if anything is incorrect
Here we go...
Sun 23rd May 8% loss
Sun 16th May Breakeven
Sun 9th May 1% loss
Sun 2nd May 2% loss
Sun 25th April 2% loss
Sun 18th April 6% loss
Sun 11th April breakeven
Sun 4th April 2% gain
Sun 28th March Breakeven
Sun 21st March 1% loss
Sun 14th March 3% loss
Sun 7th March 3% gain
Sun 28th February 2% loss
Sun 21st February 3% gain
Sun 14th February 3% gain
Sun 7th February Breakeven
Sun 31st January 3% loss
Sun 24th January Breakeven
Sun 17th January 1% loss
Sun 10th January 4% loss
Sun 3rd January 2% gain
As you can see, we've had more losses than gains but most of the losses were insignificant amounts like 1-2%. You've essentially got the same chance of breaking even or making a profit if you don't sell in anticipation of the Sunday dip
Hope some of you find this useful!
Submitted May 29, 2021 at 12:30PM by damnusernamegotcutof https://ift.tt/34uz8jy https://ift.tt/2Z7cX2s
More companies are investing in Bitcoin, reveals SEC filings - Globant bought $18 million worth BTC
https://ift.tt/3c3RBHM
Submitted May 29, 2021 at 01:02PM by kryptovijoy https://ift.tt/3fyPjCy https://ift.tt/2Z7cX2s
Submitted May 29, 2021 at 01:02PM by kryptovijoy https://ift.tt/3fyPjCy https://ift.tt/2Z7cX2s
Friday, May 28, 2021
Coming out to my parents as a bear
https://ift.tt/2R5O0lg
Submitted May 28, 2021 at 05:41PM by chocoduck https://ift.tt/3p4OuV9 https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SGzYqo
via IFTTT
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vzucp8
via IFTTT
Submitted May 28, 2021 at 05:41PM by chocoduck https://ift.tt/3p4OuV9 https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SGzYqo
via IFTTT
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vzucp8
via IFTTT
'First' Carbon-Neutral Bitcoin Asset on Celo Blockchain Launched
Wrapped has announced Eco BTC (eBTC), reportedly the first “green” bitcoin-based asset, is available. Thursday marked an important day in the ...
from Google Alert - Bitcoin https://ift.tt/3wAumNc
from Google Alert - Bitcoin https://ift.tt/3wAumNc
What is dusting? How hackers are exposing holes in cryptocurrency privacy
Blockchain technology is the foundation cryptocurrency is built upon, storing market activity across a large network of computers, which allows bitcoin ...
from #Bitcoinmovement https://ift.tt/3fuaTbb
via IFTTT
from #Bitcoinmovement https://ift.tt/3fuaTbb
via IFTTT
SEC Sues Cryptocurrency Promoters Over Deal That Raised $2 Billion
WASHINGTON—Regulators sued a group of cryptocurrency promoters who helped raise over $2 billion from investors with the promise of 40% ...
from #Bitcoinmovement https://ift.tt/3vwAw0F
via IFTTT
from #Bitcoinmovement https://ift.tt/3vwAw0F
via IFTTT
English police hunting cannabis farm instead uncover cryptocurrency mine
Police in central-west England have uncovered a cryptocurrency mining operation while executing a drugs warrant. Officers raided a property in ...
from #Bitcoinmovement https://ift.tt/3uwUaZp
via IFTTT
from #Bitcoinmovement https://ift.tt/3uwUaZp
via IFTTT
Who Created Dogecoin & Why Is The Cryptocurrency So Popular In 2021?
Now, with many hoping to help get Doge to the Moon, the meme coin continues to pique the interest of not only those new to the cryptocurrency scene, ...
from #Bitcoinmovement https://ift.tt/3p1DKXR
via IFTTT
from #Bitcoinmovement https://ift.tt/3p1DKXR
via IFTTT
Daily Discussion - May 29, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted May 28, 2021 at 07:00PM by AutoModerator https://ift.tt/3fRTKar https://ift.tt/2Z7cX2s
The Incredible Rise of Bitcoin. All time BTC price chart shown in 63 seconds. Background inspired by Edvard Munch.
https://ift.tt/3vAKI8v
Submitted May 28, 2021 at 05:27PM by deepcryptoart https://ift.tt/3hXugv7 https://ift.tt/2Z7cX2s
Submitted May 28, 2021 at 05:27PM by deepcryptoart https://ift.tt/3hXugv7 https://ift.tt/2Z7cX2s
Ark Invest CEO Says Impossible to Shut Down Bitcoin — Regulators Will Become More Friendly Over Time
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin. She added that they will become more friendly towards cryptocurrencies over time. Wood is not the only one who thinks that governments cannot shut down bitcoin.
Regulators Cannot Shut Down Bitcoin, Says Ark’s CEO
Ark Invest CEO Cathie Wood shared her view on bitcoin, its regulation, and environmental impact at the Consensus 2021 conference Thursday.
The CEO said that bitcoin is “already on its way and it’ll be impossible to shut it down.” She added that regulators “will be a little more friendly over time” towards cryptocurrencies due to a fear of missing out (FOMO) on the innovation coming from the crypto sector.
Wood also commented on bitcoin’s environmental impact, stating that “Half of the solution is understanding the problem.” She described: “This auditing of what miners, certainly in North America, are willing to do around how much of their electricity usage is generated by renewables is going to bring that topic into stark relief, and will encourage an acceleration in the adoption of renewables beyond which otherwise would have taken the place.”
Early this week, Tesla CEO Elon Musk announced that he met with North American bitcoin miners in a close-door meeting hosted by Microstrategy CEO Michael Saylor. The miners have agreed to form a Bitcoin Mining Council to promote renewable energy usage in bitcoin mining.
Wood is not the only one who believes that governments cannot shut down bitcoin. SEC Commissioner Hester Peirce said banning bitcoin is like shutting down the internet. “I don’t see how you could ban it … I think that it would be a foolish thing for the government to try to do that,” she opined, noting, “I think it’s very difficult to ban something that’s essentially a peer-to-peer technology.”
Congressman Patrick McHenry said back in 2019 that bitcoin was “unstoppable,” adding: “We should not attempt to deter this innovation, and governments cannot stop this innovation and those that have tried have already failed.”
Last week, the CEO of Ark Invest reaffirmed her bitcoin price prediction, stating that her firm still sees the price of BTC reaching $500K. She further emphasized that that “All of our indicators are saying this is capitulation right now.”
Do you think regulators can shut down bitcoin? Let us know in the comments section below.
from Bitcoin News https://ift.tt/3oZyoMB
via IFTTT
Micro Bitcoin Futures Surpass 500000 Contracts Traded | NinjaTrader Blog
MBT futures allow traders to have long or short exposure to the price of Bitcoin and offer several distinct advantages compared to trading the spot market.
from Google Alert - Bitcoin https://ift.tt/3wAs3tw
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SGll6v
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3wAs3tw
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SGll6v
via IFTTT
China FUD hits next level : Bitcoin
4.2k votes, 680 comments. 3.0m members in the Bitcoin community. A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a …
from Google Alert - Bitcoin https://ift.tt/3vB321s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vAS7EP
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3vB321s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3vAS7EP
via IFTTT
Regulators Cannot Actually Ban Bitcoin
Bitcoin was created as a public network where participants make immutable entries on an electronic ledger. While the most visible manifestation of these ...
from Google Alert - Bitcoin https://ift.tt/3fx62Gm
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3c2cnYe
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3fx62Gm
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3c2cnYe
via IFTTT
Yorba Linda Man Sentenced to 2 Years in Prison for Operating Illegal ATM Network that ...
Mohammad has agreed to forfeit to the government 17 Bitcoin ATMs, $22,820 in cash, 18.4 Bitcoin and 222.5 Ethereum cryptocurrency.
from Google Alert - Bitcoin https://ift.tt/3fw0qMI
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3i1ktnD
via IFTTT
from Google Alert - Bitcoin https://ift.tt/3fw0qMI
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3i1ktnD
via IFTTT
Will Cryptocurrencies Have Another Long Weekend?
There is a real possibility that the "bull run" is over. Deploy cash wisely, lots of lessons to take away from the 2018 crash
I just thought I'd make a post as many on the daily thread seem eager to buy up all the dips. I was here in 2018 crash cycle.. and now the market looks and feels just the same as back then too. The exact same sentiment. People buying up dip after dip, just for the prices to dip and dip even more. and many became permanent community members. Same kind of frothy top with lots of garbage. Back then we had XVG in the top, now we have Doge, Shibu etc.
Even in 2018 the initial leg of the crash was wild, and everyone thought it would snap back up very soon. Infact even in May/June 2018 many believed the market would resume. Lots of corrections were bought, and after a while many were down more than 50% of their capital even though they bought after a huge correction.
Ever wondered why NANO has so many reddit subscribers despite very little adoption and even not on Coinbase yet? The answer is easy to put together... It corrected from $40 to $1 and so many bought on the way down and kept doubling down, believing it would snap back up. Not singling out NANO, most of the coin communities were just the same. Most coins corrected as much as 97% from their peak value, and stayed there for months. Many of those who held through 2018-19 did so at an extremely large mark down on their investments.
Right now, the BTC crash from 58k level to 30k invalidated a lot of patterns, mostly invalidated any trend indicating resumption of the bull run in the short time period. If BTC breaks above 45k again, then there is an occasion to be bullish again, but otherwise it would be wise to understand the risks and acknowledge the possibility of a long and drawn out bear market.
When many start believing that "this time it's different", the market has a wicked way of reminding people that it is not so different.
Big money isnt buying these small dips because they know the big correction is coming. If you really think institutions are stepping in and want to buy into crypto, they dont want to buy at $35k when they know they can engineer the prices to much lower levels and buy in there. They have all the tools - from media manipulation, to onchain tricks, to even early inside warnings on regulatory actions before it reaches the average retail investor. Infact many crypto desks assist institutions with pushing the prices down so they can get a favourable entry.
Make no mistake - the crypto market is growing and is here to stay, innovation is happening at a breathtaking pace. But the short-medium term could be a bit wild if you dont understand the risks in this asset class where a 95% correction was the norm for majority of the coins in the last cycle.
My 2 cents - buy the dips if you want to, but always leave extra fiat on the sidelines just in case it corrects further. There is nothing to be gained by going all in at a 15% daily dip or even a 50% dip on alts, when it can correct another 45%.
Submitted May 28, 2021 at 04:18PM by Set1Less https://ift.tt/3oYhUEq https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3uuPnrd
via IFTTT
Coming out to my parents as a bear
https://ift.tt/2R5O0lg
Submitted May 28, 2021 at 05:41PM by chocoduck https://ift.tt/3p4OuV9 https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SGzYqo
via IFTTT
Submitted May 28, 2021 at 05:41PM by chocoduck https://ift.tt/3p4OuV9 https://ift.tt/2Z7cX2s
from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2SGzYqo
via IFTTT
Micro Bitcoin Futures Surpass 500000 Contracts Traded | NinjaTrader Blog
MBT futures allow traders to have long or short exposure to the price of Bitcoin and offer several distinct advantages compared to trading the spot market.
from Google Alert - Bitcoin https://ift.tt/3wAs3tw
from Google Alert - Bitcoin https://ift.tt/3wAs3tw
China FUD hits next level : Bitcoin
4.2k votes, 680 comments. 3.0m members in the Bitcoin community. A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a …
from Google Alert - Bitcoin https://ift.tt/3vB321s
from Google Alert - Bitcoin https://ift.tt/3vB321s
Regulators Cannot Actually Ban Bitcoin
Bitcoin was created as a public network where participants make immutable entries on an electronic ledger. While the most visible manifestation of these ...
from Google Alert - Bitcoin https://ift.tt/3fx62Gm
from Google Alert - Bitcoin https://ift.tt/3fx62Gm
Yorba Linda Man Sentenced to 2 Years in Prison for Operating Illegal ATM Network that ...
Mohammad has agreed to forfeit to the government 17 Bitcoin ATMs, $22,820 in cash, 18.4 Bitcoin and 222.5 Ethereum cryptocurrency.
from Google Alert - Bitcoin https://ift.tt/3fw0qMI
from Google Alert - Bitcoin https://ift.tt/3fw0qMI
Will Cryptocurrencies Have Another Long Weekend?
Will Cryptocurrencies Have Another Long Weekend? It will be interesting to watch crypto while equity markets are closed for three days.
from #Bitcoinmovement https://ift.tt/3fRUGeX
via IFTTT
from #Bitcoinmovement https://ift.tt/3fRUGeX
via IFTTT
There is a real possibility that the "bull run" is over. Deploy cash wisely, lots of lessons to take away from the 2018 crash
I just thought I'd make a post as many on the daily thread seem eager to buy up all the dips. I was here in 2018 crash cycle.. and now the market looks and feels just the same as back then too. The exact same sentiment. People buying up dip after dip, just for the prices to dip and dip even more. and many became permanent community members. Same kind of frothy top with lots of garbage. Back then we had XVG in the top, now we have Doge, Shibu etc.
Even in 2018 the initial leg of the crash was wild, and everyone thought it would snap back up very soon. Infact even in May/June 2018 many believed the market would resume. Lots of corrections were bought, and after a while many were down more than 50% of their capital even though they bought after a huge correction.
Ever wondered why NANO has so many reddit subscribers despite very little adoption and even not on Coinbase yet? The answer is easy to put together... It corrected from $40 to $1 and so many bought on the way down and kept doubling down, believing it would snap back up. Not singling out NANO, most of the coin communities were just the same. Most coins corrected as much as 97% from their peak value, and stayed there for months. Many of those who held through 2018-19 did so at an extremely large mark down on their investments.
Right now, the BTC crash from 58k level to 30k invalidated a lot of patterns, mostly invalidated any trend indicating resumption of the bull run in the short time period. If BTC breaks above 45k again, then there is an occasion to be bullish again, but otherwise it would be wise to understand the risks and acknowledge the possibility of a long and drawn out bear market.
When many start believing that "this time it's different", the market has a wicked way of reminding people that it is not so different.
Big money isnt buying these small dips because they know the big correction is coming. If you really think institutions are stepping in and want to buy into crypto, they dont want to buy at $35k when they know they can engineer the prices to much lower levels and buy in there. They have all the tools - from media manipulation, to onchain tricks, to even early inside warnings on regulatory actions before it reaches the average retail investor. Infact many crypto desks assist institutions with pushing the prices down so they can get a favourable entry.
Make no mistake - the crypto market is growing and is here to stay, innovation is happening at a breathtaking pace. But the short-medium term could be a bit wild if you dont understand the risks in this asset class where a 95% correction was the norm for majority of the coins in the last cycle.
My 2 cents - buy the dips if you want to, but always leave extra fiat on the sidelines just in case it corrects further. There is nothing to be gained by going all in at a 15% daily dip or even a 50% dip on alts, when it can correct another 45%.
Submitted May 28, 2021 at 04:18PM by Set1Less https://ift.tt/3oYhUEq https://ift.tt/2Z7cX2s
Coming out to my parents as a bear
https://ift.tt/2R5O0lg
Submitted May 28, 2021 at 05:41PM by chocoduck https://ift.tt/3p4OuV9 https://ift.tt/2Z7cX2s
Submitted May 28, 2021 at 05:41PM by chocoduck https://ift.tt/3p4OuV9 https://ift.tt/2Z7cX2s
Thursday, May 27, 2021
Goldman Sachs, Roubini and Novogratz share their thoughts on bitcoin, ether, and doge
The volatility associated with most cryptocurrencies, especially bitcoin, is one of the main things that divides opinion among investors. The price of ...
from Google Alert - Bitcoin https://ift.tt/3vtRGfw
from Google Alert - Bitcoin https://ift.tt/3vtRGfw
Seven Things to Know Before Investing Your Money in Cryptocurrencies
Cryptocurrency is Volatile. Although crypto is subject to bull and bear markets, the nature of digital currency is extremely volatile and unstable, and ...
from #Bitcoinmovement https://ift.tt/3fpIhjx
via IFTTT
from #Bitcoinmovement https://ift.tt/3fpIhjx
via IFTTT
FBI El Paso warns against rising cryptocurrency scams
EL PASO, Texas (KTSM) — Cryptocurrency is a legitimate currency that the FBI El Paso Division says is being manipulated by criminal enterprises to ...
from #Bitcoinmovement https://ift.tt/3foPFf0
via IFTTT
from #Bitcoinmovement https://ift.tt/3foPFf0
via IFTTT
'Cryptocurrencies will cause the next financial crisis,' says Metalla Royalty CEO
Metalla Royalty & Streaming CEO Brett Heath has warned the emergence and growth of cryptocurrencies will lead to the next financial crisis.
from #Bitcoinmovement https://ift.tt/3wBoyTK
via IFTTT
from #Bitcoinmovement https://ift.tt/3wBoyTK
via IFTTT
Goosmann Law Firm explains cryptocurrencies and blockchain technology
It's been more than 10 years since the mysterious Satoshi Nakamoto first created Bitcoin–the first and still the most popular form of cryptocurrency.
from #Bitcoinmovement https://ift.tt/3uqGz5x
via IFTTT
from #Bitcoinmovement https://ift.tt/3uqGz5x
via IFTTT
Coinbase vs. Robinhood: Which Is the Better Crypto Brokerage?
And, Coinbase adds new tradeable cryptocurrencies fairly often. Robinhood, on the other hand, currently lists seven. Cryptocurrency selection winner: ...
from #Bitcoinmovement https://ift.tt/3oTVjZK
via IFTTT
from #Bitcoinmovement https://ift.tt/3oTVjZK
via IFTTT
JPMorgan's Jamie Dimon: 'Buyer beware' on cryptocurrencies
Jamie Dimon, the CEO of the largest U.S. bank, said Thursday that he has personal concerns with cryptocurrency, but will not steer JPMorgan Chase ...
from #Bitcoinmovement https://ift.tt/3p0rCX4
via IFTTT
from #Bitcoinmovement https://ift.tt/3p0rCX4
via IFTTT
Sanctions Compliance in Cryptocurrencies
In this report, Elliptic explores how compliance officers can protect their businesses against exposure to cryptocurrency-related sanctions risks.
from #Bitcoinmovement https://ift.tt/34ptnDK
via IFTTT
from #Bitcoinmovement https://ift.tt/34ptnDK
via IFTTT
eToro Includes Four New Cryptocurrencies into Its Investment Platform
The Israeli trading company added some of the biggest DeFi cryptocurrencies by market capitalization. Felipe Erazo | News (CryptoCurrency) | Thursday ...
from #Bitcoinmovement https://ift.tt/3oXxZtV
via IFTTT
from #Bitcoinmovement https://ift.tt/3oXxZtV
via IFTTT
Subscribe to:
Posts (Atom)