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TOPIC: World Currency / Global Currency - Could it be Bitcoin?

World Currency / Global Currency - Could it be Bitcoin? 28 Jun 2018 21:36 #41

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Looking at the charts today, it looks like I did the right thing by cashing out when I did, even though I lost $3K?

I am reminded of that old cliche, "leave early and avoid the rush". :larf:
Birth is not a beginning; death is not an end. There is existence without limitation; there is continuity without a starting point.” ~ Chuang Tzu
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World Currency / Global Currency - Could it be Bitcoin? 30 Jun 2018 00:35 #42

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[quote="novum" post=289496
Anyway thats my 2c on BTC right now... and the rest of the cryptos seem to follow bitcoin, more or less, price trend wise.[/quote]

LOL
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World Currency / Global Currency - Could it be Bitcoin? 01 Jul 2018 06:20 #43

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peacenik wrote:
Looking at the charts today, it looks like I did the right thing by cashing out when I did, even though I lost $3K?

I am reminded of that old cliche, "leave early and avoid the rush". :larf:

A loss is even better than an even bigger loss! :)

I see its bounced up a little after hitting the 5800 area, some feel that it hit a bottom so they jumped back into it.. and i think thats reflected in the price bounce... but im not so sure its going to keep rising... again just my opinion im no expert.

It all boils down to how many people want to start using it as actual money I reckon, thats where the 'value' is at. If that begins to occur then it may get stronger. There are still may who believe in the principle of crypto (i cant blame them and i do as well) but people have to start actually using the stuff for trade rather than everyone either trying to flip it or hodling in the hopes it magically appreciates.

Having said that i cannot blame people for trying to make a buck and am not anti that at all, but the point is, if the stuff is used as actual currency thats when it may get stronger and i still feel that is what traditional financial systems fear to an extent, they fear being bypassed, whether it be bitcoin or anything else used to do the bypassing.

As ive said before, crypto has still been crippled by regulation in many ju-rastictions and also by exchange bots since january imho and that still stands, so thats still a hurdle for it to jump compared to pre january. Asia alone for example was one part of the world where massive amounts of buys were occuring and regulation there in various countries since the highs has really hammered the amount of players getting into it and hence volumes and price.
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World Currency / Global Currency - Could it be Bitcoin? 02 Jul 2018 00:33 #44

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novum wrote:
peacenik wrote:
Looking at the charts today, it looks like I did the right thing by cashing out when I did, even though I lost $3K?

I am reminded of that old cliche, "leave early and avoid the rush". :larf:

A loss is even better than an even bigger loss! :)

I see its bounced up a little after hitting the 5800 area, some feel that it hit a bottom so they jumped back into it.. and i think thats reflected in the price bounce... but im not so sure its going to keep rising... again just my opinion im no expert.

It all boils down to how many people want to start using it as actual money I reckon, thats where the 'value' is at. If that begins to occur then it may get stronger. There are still may who believe in the principle of crypto (i cant blame them and i do as well) but people have to start actually using the stuff for trade rather than everyone either trying to flip it or hodling in the hopes it magically appreciates.

Having said that i cannot blame people for trying to make a buck and am not anti that at all, but the point is, if the stuff is used as actual currency thats when it may get stronger and i still feel that is what traditional financial systems fear to an extent, they fear being bypassed, whether it be bitcoin or anything else used to do the bypassing.

As ive said before, crypto has still been crippled by regulation in many ju-rastictions and also by exchange bots since january imho and that still stands, so thats still a hurdle for it to jump compared to pre january. Asia alone for example was one part of the world where massive amounts of buys were occuring and regulation there in various countries since the highs has really hammered the amount of players getting into it and hence volumes and price.

There's no doubt in my mind that digital currency, is the future of currency? But digital currency is going to have to be, faster, safer, and more user-friendly, than it now is for the majority of people to use it.

I used a Crypto Exchange for those very reasons.

When you use an Exchange you pay fees every time you buy or sell. Hard to make money that way.

The utility of Cryptos is going to have to be so good, an Exchange is not even necessary. That's my opinion!
Birth is not a beginning; death is not an end. There is existence without limitation; there is continuity without a starting point.” ~ Chuang Tzu
Last Edit: 02 Jul 2018 01:34 by peacenik.
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World Currency / Global Currency - Could it be Bitcoin? 02 Jul 2018 02:03 #45

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Bisq is a decentralised exchange, but last time i looked there wasnt much action there.

The thing with crypto is also that if you pay someone and dont receive what you paid for, its tough to sort that out whereas there is recourse when paying with credit cards, paypal and similar... so it being the wild west of currency if you will is a double edged sword.

However i could in theory see a seller rating system working ok, and localbitcoins already does this as far as i know, ratings could also be applied to selling platforms for sellers who accept crypto, along the lines of ebay.
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Last Edit: 02 Jul 2018 02:04 by novum.
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World Currency / Global Currency - Could it be Bitcoin? 02 Jul 2018 02:16 #46

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novum wrote:
Bisq is a decentralised exchange, but last time i looked there wasnt much action there.

The thing with crypto is also that if you pay someone and dont receive what you paid for, its tough to sort that out whereas there is recourse when paying with credit cards, paypal and similar... so it being the wild west of currency if you will is a double edged sword.

However i could in theory see a seller rating system working ok, and localbitcoins already does this as far as i know, ratings could also be applied to selling platforms for sellers who accept crypto, along the lines of ebay.

Given your computer savvy and tech smarts, I will bet you could iron out any kinks in a crypto-currency, if given a chance? :)
Birth is not a beginning; death is not an end. There is existence without limitation; there is continuity without a starting point.” ~ Chuang Tzu
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World Currency / Global Currency - Could it be Bitcoin? 02 Jul 2018 02:34 #47

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You give me too much credit hehe, im not a computer tech guy by any means, and anything ive thought of is usually either already being done by the real techy people, or is something the big corps fear and they would do all they can to stop it taking off... eg if an alternative ebay was made that only accepted crypto i think govts and regulators would freak out and regulate it out of existence even when it was a mere bud? Probably using money laundering concerns and/or tax evasion concerns as the reasons/excuse.

One of the big issues with going around govts will always be that govts dont want people going around govts ey? And they have the courts and police forces on their side.
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World Currency / Global Currency - Could it be Bitcoin? 05 Jul 2018 00:34 #48

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novum wrote:
Bisq is a decentralised exchange, but last time i looked there wasnt much action there.

The thing with crypto is also that if you pay someone and dont receive what you paid for, its tough to sort that out whereas there is recourse when paying with credit cards, paypal and similar... so it being the wild west of currency if you will is a double edged sword.

However i could in theory see a seller rating system working ok, and localbitcoins already does this as far as i know, ratings could also be applied to selling platforms for sellers who accept crypto, along the lines of ebay.

I used Coinbase as my exchange. I remember, it took almost an entire week just to get the money to show up on the exchange's software. Then when I sold all cryptos, it took about 4 days to show up on my bank statement. See, it's too slow and sluggish to be of much value. All that is going to have to change if cryptos are to go back up in value, IMO?
Birth is not a beginning; death is not an end. There is existence without limitation; there is continuity without a starting point.” ~ Chuang Tzu
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World Currency / Global Currency - Could it be Bitcoin? 06 Jul 2018 09:02 #49

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Exactly i think its going to have to be used person to person aka peer to peer rather than through exchanges and the like to really take off.

Basically be used as actual currency, and even traded peer to peer outside of exchanges. The exchanges now have too much power and imo they now collude on price also, and also have to play nice with banks because of the fiat side of things, which then brings us back to square one in a sense as were all playing ball with the current banking system.

As ive mentioned earlier, it seems most people at this time are just investing in it or trading... and again theres nothing wrong with that from my pov , im not against people wanting to increase their worth.... but if people arent using it as currency then it becomes speculative and intrinsic value suffers.

Will these issues be resolved i dont know, im guilty of the same thing myself because it it still difficult to use as currency in many respects and not widely accepted. Infact lots of people are still convinced its some kind of scam if someone offers to pay them in crypto for goods or services.
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World Currency / Global Currency - Could it be Bitcoin? 08 Jul 2018 14:48 #50

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US Lawmakers Want Travelers To Tell Border Control About Bitcoin Assets

uk.news.yahoo.com/us-lawmakers-want-travelers-tell-171056141.html
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World Currency / Global Currency - Could it be Bitcoin? 19 Jul 2018 02:42 #51

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Well, somethings going on again, volumes up, price up... i guess i missed out on the run up due to my pessimism. :larf:
He who is without oil shall throw the first rod.
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World Currency / Global Currency - Could it be Bitcoin? 19 Jul 2018 08:21 #52

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World Currency / Global Currency - Could it be Bitcoin? 30 Jul 2018 09:55 #53

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Bitcoin's creator Satoshi was rumored to be ex C.I.A. as an analyst and asset. We all know how intelligence communities, banking and finance, military industrial complex, and global think tanks work together in concert.

In my opinion Bitcoin is a global trial balloon or experiment where the real plan is to digitize national fiat currencies electronically and eventually of course having a singular electronic world currency. Of course for that to be initiated they have to crash the world stock markets first. There are even ideas of a global electronic SDR under the I.M.F.
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Last Edit: 30 Jul 2018 10:03 by Sword And Hammer.
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World Currency / Global Currency - Could it be Bitcoin? 06 Aug 2018 07:28 #54

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World Currency / Global Currency - Could it be Bitcoin? 06 Aug 2018 08:19 #55

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I thought it was too pricey at $950 and then at $1750 , I have a Coinbase acct but never bought anything - I did go into physical gold and silver , still ok on the gold , a little under on the silver .
I don't know what to think about it's origin , is it an experiment or for real , I've thought both but so much conflicting actions by tptb - I think they certainly must have something to do with the run up to $20K ? and I thought it was settle around $1050 back in Jan - LOL
Got other crap to worry about - will any of my corp bonds go bust in the next take down ?
Glad I'm not ion this ride - but isn't it really like how Nov says - if you can't purchase anything with it and it's not an investment vehicle now - what good is it ?
Last Edit: 06 Aug 2018 08:21 by Lizzy.
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World Currency / Global Currency - Could it be Bitcoin? 06 Aug 2018 08:50 #56

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I think the asians mightve had something to do with the run up.. there were so many reasons money was pouring into it... people hopeful, people cleaning money, arbitrage and more.

Once the anti-money laundering crackdowns began and things tightened up in Asia, a lot of money stopped pouring into it that was before... from Korea to china and other places also, Japan and more.

AML crackdowns and tighteneing occurred world wide in a sense in 2018 after the bull run.

At some point all of the exchanges decided to counter arbitrage possibilities also with some kind of collaboration that is kept from the public, imho, this occured in january... so theres even less money pouring in since then.

Basically i feel it got hyped for various reasons and now its back down to earth... i honestly feel that this small run up from 5800 odd to over 7k again might be a dead cat bounce of sorts... cant know for sure tho.

but now the big whales are in play, like goldman and others on wall street.. so now i guess anythings possible re. pumping and dumping. But before that and in the bull run i reckon some of the existing financial powers were caught napping on BTC.. not anymore and its since they caught on that it turned to shit for everyone else and more difficult to make a buck... not a coincidence i suspect.

Id suggest people only trade it, set stop losses , and if possible use it to buy stuff but dont hold it too long as its too volatile. Because as that article i posted to says, dont forget it was 200 bucks a bitcoin not so long ago.
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Last Edit: 06 Aug 2018 08:51 by novum.
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World Currency / Global Currency - Could it be Bitcoin? 06 Aug 2018 09:01 #57

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hi nov - yep - there was a lot of Asian money there for a while - peeps have bought property , cars and a coffee ..not much else but I'm really not following , sure is too speculative for me now.
Last Edit: 06 Aug 2018 16:28 by Lizzy.
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World Currency / Global Currency - Could it be Bitcoin? 06 Aug 2018 14:42 #58

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When this global economy collapses I rather just have a ton of firearms with bullets. With that everything will sort itself out.
"Republicans are red and democrats are blue, neither political party owned by Jewish Wallstreet gives a flying fuck about you."- Myself

"They pretend to pay us and we pretend to work." - Former Russian Soviet dissidents and now presently the American working class.

"We must take from the right nationalism without capitalism and from the left socialism without internationalism."- Gregor Strasser

"We must reject the false dichotomy of capitalism and communism as the only choices for the world where instead we must embrace the third position of national socialism." -Myself

"Globalism, internationalism, and civic nationalism means the death of western civilization where instead we must install an ethnic racial form of nationalism."- Myself

"The United States is a Jewish and Zionist owned corporate plantation or labor prison." - Myself

"Syncretic politics is that taking political positions combining elements associated with the left and right that can achieve a goal of reconciliation." - Wikipedia

"Only collectivism will save our collective plight of western civilization during this crisis as individualism by itself isn't enough."- Myself

"We must secure ethnic racial homelands of European peoples worldwide."- Myself

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World Currency / Global Currency - Could it be Bitcoin? 06 Aug 2018 16:05 #59

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When all the exchange mechanism have either been taken over or smashed to pieces, the single most worthy currency will remain, AKA, human beings or machines doing all of the work.
If fiat money is worthless and bitcoin is exchanged for fiat doesn't that make it one step from worthless itself, I think so, so when things go digital it will be those who retain their real life skills who will be better off, because they can create many of the things they need instead of relying on another slave somewhere else to feed their wants.

This who crypto currency thing is crap, but very clever crap.

I would rather have a basket full of tool and skills than digital currency any day.
INACTIVE
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World Currency / Global Currency - Could it be Bitcoin? 06 Aug 2018 17:24 #60

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Bitcoin is the trial experiment, the real global electronic currency they want to implement hasn't arrived yet. It will look a lot like Bitcoin though.
"Republicans are red and democrats are blue, neither political party owned by Jewish Wallstreet gives a flying fuck about you."- Myself

"They pretend to pay us and we pretend to work." - Former Russian Soviet dissidents and now presently the American working class.

"We must take from the right nationalism without capitalism and from the left socialism without internationalism."- Gregor Strasser

"We must reject the false dichotomy of capitalism and communism as the only choices for the world where instead we must embrace the third position of national socialism." -Myself

"Globalism, internationalism, and civic nationalism means the death of western civilization where instead we must install an ethnic racial form of nationalism."- Myself

"The United States is a Jewish and Zionist owned corporate plantation or labor prison." - Myself

"Syncretic politics is that taking political positions combining elements associated with the left and right that can achieve a goal of reconciliation." - Wikipedia

"Only collectivism will save our collective plight of western civilization during this crisis as individualism by itself isn't enough."- Myself

"We must secure ethnic racial homelands of European peoples worldwide."- Myself

www.bitchute.com
gab.ai/a - Support alternative internet media and platforms against the corporate embargo of free speech.
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