BITCOIN as an alternative to regular currency

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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Dallas
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wearthefoxhat wrote:
Thu Jan 14, 2021 4:55 pm
lily.png
OMG!
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wearthefoxhat
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Realrocknrolla wrote:
Thu Jan 14, 2021 6:21 pm
wearthefoxhat wrote:
Thu Jan 14, 2021 4:56 pm
Anyone trading Bitcoin?

If so, which platform?
I had an EA that was successful for a while with CMC and MT4. But nothing in the last few months.

CMC have always been good for me!
Took a look.

Most of these platforms encourage CFD's and in some cases will expect you to take a leveraged position. Fine if you're on the right side, but a bank-buster if it goes the other way, even if by a small amount.
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wearthefoxhat
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Another one I remember a few years back.

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abgespaced
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gutuami wrote:
Thu Jan 14, 2021 2:14 pm
a new high
$38k.... that's a disaster waiting to happen.

The perfect setup.

Crash Bitcoin, replace it with a centralised, global digital currency.

Controlled by the few at the expense of the many.
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wearthefoxhat
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abgespaced wrote:
Sun Jan 24, 2021 2:58 am
gutuami wrote:
Thu Jan 14, 2021 2:14 pm
a new high
$38k.... that's a disaster waiting to happen.

The perfect setup.

Crash Bitcoin, replace it with a centralised, global digital currency.

Controlled by the few at the expense of the many.
Replace ICX with Bitcoin...the mentality is people prefer to buy @ $5 and not 0.50c...

ICX.png


Could also come to this too......

bitcoins.png
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Vladimir CC
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abgespaced wrote:
Sun Jan 24, 2021 2:58 am

Crash Bitcoin, replace it with a centralised, global digital currency.

Controlled by the few at the expense of the many.
lol. never tought of that. was speaking to a friend yesterday and he started telling me how bitcoin and all descentralized markets are pyramidal schemes done by some shady looking characters to profit. he's a very hardcore corporate worker. might give him this counter argument see where the discussion goes for the sake of a good laugh. :)
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abgespaced
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Vladimir CC wrote:
Sun Jan 24, 2021 12:55 pm
abgespaced wrote:
Sun Jan 24, 2021 2:58 am

Crash Bitcoin, replace it with a centralised, global digital currency.

Controlled by the few at the expense of the many.
lol. never tought of that. was speaking to a friend yesterday and he started telling me how bitcoin and all descentralized markets are pyramidal schemes done by some shady looking characters to profit. he's a very hardcore corporate worker. might give him this counter argument see where the discussion goes for the sake of a good laugh. :)
I'm not sure it was created with that intention in mind, but by now it's surely a possibility. The top 10-20% of bitcoin holders would control 80-90% of the market. Like the oil cartels it wouldn't take much for them to get together to decide they are going to control the price of it.
callumth1
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Lots of bitcoin haters here, surprising. Imagine trading hard for years on sports and missing out on BTC. Ouch.

Still, not too late. See you at 100k ;)
arbitrage16
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callumth1 wrote:
Sat Jan 30, 2021 12:43 pm
Lots of bitcoin haters here, surprising. Imagine trading hard for years on sports and missing out on BTC. Ouch.
Those two things have no correlation anywhere other than when brought together by smug pricks on the internet.
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superfrank
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Bitcoin is 'Digital Gold', and Visa wants its 70 million merchants to warm up to it
https://www.timesnownews.com/business-e ... -it/715764
This development is important when one looks at it as a validation of bitcoin's reliability as a mode of currency exchange. Visa reportedly has a waiting list of banks who want to partner with it to offer this service, perhaps a large number could be from emerging fintech startups. There seems to be a growing tribe of believers who think bitcoin is destined for a global acceptance, and they want to be prepared for it.

So far, the virtual coin has mostly been regarded as an investment play. Could this become an important step forward in adopting bitcoin as a currency of exchange?
The supply of Bitcoin is limited to 21 million.

The supply of dollars is going through the roof... https://fred.stlouisfed.org/series/M2.
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