OMG!
BITCOIN as an alternative to regular currency
- wearthefoxhat
- Posts: 3221
- Joined: Sun Feb 18, 2018 9:55 am
Took a look.Realrocknrolla wrote: ↑Thu Jan 14, 2021 6:21 pmI 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!
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.
- wearthefoxhat
- Posts: 3221
- Joined: Sun Feb 18, 2018 9:55 am
Another one I remember a few years back.
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- abgespaced
- Posts: 176
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- Location: Australia
- wearthefoxhat
- Posts: 3221
- Joined: Sun Feb 18, 2018 9:55 am
Replace ICX with Bitcoin...the mentality is people prefer to buy @ $5 and not 0.50c...abgespaced wrote: ↑Sun Jan 24, 2021 2:58 am$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.
Could also come to this too......
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- Posts: 88
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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.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.
- abgespaced
- Posts: 176
- Joined: Sun Aug 23, 2020 2:25 am
- Location: Australia
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.Vladimir CC wrote: ↑Sun Jan 24, 2021 12:55 pmlol. 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.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.
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- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Bitcoin is 'Digital Gold', and Visa wants its 70 million merchants to warm up to it
https://www.timesnownews.com/business-e ... -it/715764
The supply of dollars is going through the roof... https://fred.stlouisfed.org/series/M2.
https://www.timesnownews.com/business-e ... -it/715764
The supply of Bitcoin is limited to 21 million.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 dollars is going through the roof... https://fred.stlouisfed.org/series/M2.
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Dystopian to me is a future controlled by leftist governments where people get paid in increasingly worthless currency.
- abgespaced
- Posts: 176
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- Location: Australia
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
It's comic really that an African country should seek to ban cryptos when their own fiat currencies invariably end up worth less than toilet paper.abgespaced wrote: ↑Sat Feb 06, 2021 8:14 amhttps://cryptoslate.com/nigerias-centra ... urrencies/
And it begins
https://www.xe.com/currencycharts/?from ... D&view=10Y