Crypto-trading thread

934,577 Views | 9620 Replies | Last: 9 hrs ago by Heineken-Ashi
Loaded
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AG
LatinAggie1997 said:

For those that missed it.

https://cryptobriefing.com/texas-banks-can-now-store-bitcoin-clients/

https://www.dob.texas.gov/sites/default/files/files/news/Industrynotices/in2021-03.pdf

I wonder if this will lead to Texas based banks being able to collateralize loans based on their customer's crypto assets held at the bank.
Deluxe
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MuchosPollos said:

https://www.masslive.com/politics/2021/06/elizabeth-warren-says-bitcoin-dogecoin-has-significant-problems-that-need-to-be-confronted-head-on.html

That's how you tee up the most lazy, straw man arguments for crypto and ruthlessly knock them down
Madagascar
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It's good to see Texas trying to work with crypto but there is no way I am ever giving a bank a private wallet key.
Definitely Not A Cop
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Madagascar said:

It's good to see Texas trying to work with crypto but there is no way I am ever giving a bank a private wallet key.


I assume it's basically like keeping a physical key in a private security box, right? I can access my crypto online unless I physically go there and take the wallet from them?
mrmill3218
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My Chainlink and polygon buys from yesterday sure are looking bad right now. Crazy how much these two have fallen.
TxAG#2011
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I'm getting completely blown out on ICP. Super ****coin
Complete Idiot
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What are the latest thoughts on Safemoon?

So many damn cryptos popping up.
LatinAggie1997
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Loaded said:

LatinAggie1997 said:

For those that missed it.

https://cryptobriefing.com/texas-banks-can-now-store-bitcoin-clients/

https://www.dob.texas.gov/sites/default/files/files/news/Industrynotices/in2021-03.pdf

I wonder if this will lead to Texas based banks being able to collateralize loans based on their customer's crypto assets held at the bank.


My belief is that once you own a minimal amount of BTC and it has surpassed a certain price level you will be able to take out loans against it, so exactly correct.

LatinAggie1997
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Madagascar said:

It's good to see Texas trying to work with crypto but there is no way I am ever giving a bank a private wallet key.


I don't think that is how it will work in the end. I think banks will have cold wallets akin to safety deposit boxes or something similar.

Edited to add: Perhaps they will also set up amd offer services for clients in the manner of the post office but for crypto.
Krombopulos Michael
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FAT SEXY said:

Bruh, F*** Elizabeth Warren
Totally agree. But until we can get more than a small percentage of the population to learn and interact with cryptos, this is the kind of crap we are going to get. She doesn't give a **** about the little guy, she's peacocking to either pay off "campaign donations" from big banks/financial institutions or pushing this BS to collect more from them.


We need to have much wider adoption of the actual technology, not just pure trading speculation for financial gain. These projects need to get launched and into the mainstream soon. **** or get off the pot.... if this industry is just about converting tokens into worthless fiat currency, it will never mature.
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administrative errors
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MuchosPollos said:


Quote:

Elizabeth Warren says Bitcoin, Dogecoin have 'significant problems' that need to be confronted 'head on'

Massachusetts Sen. Elizabeth Warren took a strong stand against cryptocurrency in a congressional hearing for the Senate Banking, Housing and Urban Affairs Committee's Subcommittee on Economic Policy on Wednesday.

Warren who is known for her critiques of Wall Street and for the creation of the Consumer Financial Protection Bureau, said cryptocurrency has "signicant problems" for four reasons: fluctuating value, investment issues, illegal activity and cost to the environment.

Quote:


Warren gave an example of this impact saying, "It means the grocery store could take $100 in bitcoin to pay for groceries, but by the end of the day, the bitcoin could be worth only $60, in which case the store loses out."


Warren also talked about the stability of Dogecoin.


"In just the last two months, the value of Dogecoin increased by more than ten-fold and then declined by nearly 60%," Warren. "Now that may work for speculators and fly-by-night investors, but not for regular people who are looking for a stable source of value to get paid in and to use for day-to-day spending."



https://www.masslive.com/politics/2021/06/elizabeth-warren-says-bitcoin-dogecoin-has-significant-problems-that-need-to-be-confronted-head-on.html


listened to this hearing live and I've never felt as much outrageous at a politician as I did at that moment. I was screeeeeaming at the livestream. Twunt provides patently false data regarding bitcoin in a hearing supposed to be discussing CBDC's. I blame the El Salvador news and handlers from IMF telling her to attack. The IMF [loan sharks] also made a string statement on the matter.

First they ignore
Then they laugh
Then they fight
Then you win.
YouBet
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Warren is a moron who has zero understanding of basic economics much less crypto. Somehow, she has declared herself a financial expert yet she also declared herself to be Native American. We saw how that one turned out.
MRB10
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Venmo is letting all users buy BTC, ETH, BCH, and LTC effective immediately. Just FYI.

7 day hold period. Fees are meh but lot terrible.
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MRB10
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Just for the four for now.
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TxAG#2011
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How is BCH still a thing
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Chrundle the Great
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NTXAg10 said:

Venmo is letting all users buy BTC, ETH, BCH, and LTC effective immediately. Just FYI.

7 day hold period. Fees are meh but lot terrible.

Fwiw, you still can't transfer those coins to exterior wallets (ie a cold wallet). And imo, if you can't move it out you don't own it.

That said, more people buying/selling even within one exchange only is good for crypto so I'm with fat sexy (lol) and bullish about this.
administrative errors
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YouBet said:

Warren is a moron who has zero understanding of basic economics much less crypto. Somehow, she has declared herself a financial expert yet she also declared herself to be Native American. We saw how that one turned out.
I can't imagine a better opponent in the government. Talk about bitcoin [hardest substance on earth] versus a wet noodle.

Hahah
administrative errors
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FAT SEXY said:

NTXAg10 said:

Venmo is letting all users buy BTC, ETH, BCH, and LTC effective immediately. Just FYI.

7 day hold period. Fees are meh but lot terrible.
Is it just those 4 highlighted? Interesting.. I've already been switching most of my investment into ETH and LTC while looking for small entries on BTC.

News like this, the El Salvador news and the decent market consolidation for the past 2 weeks has gotten me to a much more bullish sentiment in the near term.


to pile on, a major central American bank out of Honduras with a couple dozen billion dollars is publicizing support for ES's bitcoin law.

administrative errors
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New Zealand is going to recognize bitcoin as a foreign currency.
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LatinAggie1997
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Interesting snippet. I like the Michael Saylor quote/initiative.

https://cryptonews.com/news/fed-may-have-indirectly-invested-in-microstrategy-s-bitcoin-10638.htm
Loaded
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administrative errors said:

New Zealand is going to recognize bitcoin as a foreign currency.

Link?
administrative errors
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Woops, misinterpreted, lobbying group sent an official letter to recognize it after El Salvador makes it legal tender in 70 days or so.
LatinAggie1997
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Closer look under the hood of Cardano.

https://iohk.io/en/blog/posts/2021/06/08/a-close-look-at-the-software-running-cardano/
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Ags2013
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ETH and ADA are about to explode if BTC can hit and retain $40k
AggieActuary
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FAT SEXY said:

LTC starting to showcase the Rare and Bullish Marlin design on the 1 Year Price Action chart.

https://i.imgur.com/BQKZM81.png
It seems like everyone gravitates toward 1-2 coins that they fall in love with. Yours is clearly LTC. Would love to hear why you like it so much, only to expand my knowledge - seems like the more common opinion is that it will be obsolete sooner than others.
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