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Bitcoin gamblers what is elon musk up to
Bitcoin gamblers what is elon musk up to
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https://www.tokens24.com/cryptopedia/basics/what-is-usdt-and-how-does-it-work#:~:text=It%20is%20a%20cryptocurrency%20released,value%20of%20the%20US%20dollar.&text=USDT%20can%20be%20spent%2C%20traded,wallets%20that%20are%20Omni%20compatible.
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USDT is a Tether, which is a cryptocurrency that is tied to a fiat currency for stability. Read on to understand what it is used for, why it was created, and why you might want to get some.
What is USDT? It is a cryptocurrency released on the Bitcoin blockchain through Protocol Omni. Its value is exchange rate is fixed or tethered, to the value of the US dollar. The only reason why 1 USDT is actually worth $1 USD is that exchanges keep a reserve of USD to back every USDT in existence. USDT can be spent, traded, or transferred, like Bitcoins or any cryptocurrency. They can also be stored in specialized wallets that are Omni compatible. Why Was USDT Created? Tether currencies were created to handle three major issues: to help with national currency transfers, to provide a stable Bitcoin, and to provide another option for checking. The blockchain can verify the USDT in circulation and the TUSD which is the total USDT in circulation at any time. This amount must equal the amount in the bank account used by Tether Limited to receive and send money to buyers or to pay tethers on the Tether platform. They have regular audits by specialists to check balances, deposits, withdrawals, and transfer reports. Why Invest in Tether? If Tether is tied to fiat (national currency) and over time currencies naturally erode their buying power due to inflation, why invest in Tether? It has a few good things going for it Transaction times – USD deposits and withdrawals often take 1-4 business days to complete in a traditional banking system. If a transaction has occurred at night or weekends when the bank is closed it could be longer. Tether transaction times take place in minutes which is a boon for cryptocurrency traders who often want to rapidly trade in minutes not days. Transaction fees – SWIFT (Society for Worldwide International Financial Telecommunication) transfers are expensive at $20-$30+. Especially if you are using a fiat that is not supported by the exchange because you are then adding a fee for Forex conversion and a percentage on the transfer. Tether charges zero transaction fees between Tether wallets Price Stability – Cryptocurrencies are volatile when you want to purchase them buy with Tether, not another currency. Currencies are not stable enough as assets. Many exchanges do not take fiat but will take Tether. Sidelining – Taking no position while something is going on. “Cashing out” and waiting for another opportunity or the market timing to be right. Be ready with your Tether. No need to risk and leave money on exchanges. Conclusion Tether has its place among cryptocurrency filling a niche where fluctuations will not do. As with any cryptocurrency be vigilant and continue to research and keep your eye on the news for any information as you begin investing. |
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Citcon partners with Flexa to bring digital currency payments to merchants worldwide, thats yesterday paypal and the like all doing it, you can even spend doge coin lol
just like betfair, just like new things it takes time to adopt until the mainstream population get it then it will go very big, i think we all know the banks and governments are bankrupt, inflation and interest rate rise will devalue paper money |
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Its a very dangerous game when fiscal principles cant be used to control the economic outlook.
When the central bank cant raise interest or print money to warm up or cool the system there would be massive ramifications. Thats why it wont be allowed to become what the supporters want it to be. The centralised version will squash it, everyone will have much more confidence in the centralised bank quarenteeing deposits....the only drawback is that the state will know everything about every individual....but Im not buying that they dont know that already. |
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The argument that privacy would be in danger if the state knew everything is a defunct bit of logic.
In I think 2016 the Communications Act gave license for a whole list of organisations the right to sift through any individuals financial affairs under the argument that there was reason for suspicion you were attempting to 'harm the UK finances' (thats not the eact term I forget what it was off the top of my head) It was a pretty open subjective argument that allowed for any interpretation for example tax avoidance. A judge would only be notified you were being audited after the event and as long as the process was in general order of the law you'd never even know you were being investigated. |
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OK. I googled tether.
Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing some customer funds in bitcoin. A lawyer for Tether denied that any of those funds were Tether’s. Well, that's a relief. Because otherwise that would be a Ponzi scheme. Deltec made headlines in 2018 after Tether published a letter from the bank announcing it had $1.8 billion in cash and other assets, roughly matching the amount of USDT in circulation at the time. A Deltec executive later confirmed that the letter, which was unsigned, was authentic. The next year, the New York Attorney General’s office revealed that Bitfinex, Tether’s sister company through shared ownership and executives, had lost close to $1 billion after its payment processors’ bank accounts were frozen and funds seized. Bitfinex had been covering up the losses by borrowing from Tether’s reserves, which are meant to back the stablecoins it has in circulation. The companies are currently under an injunction to cease any further loan activities between themselves, though this injunction is set to expire on Jan. 15. What's that about the funds being held in escrow? I guess they must have just been resting in the Bitfinex account. https://www.coindesk.com/tethers-bank-says-it-invests-customer-funds-in-bitcoin |
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Think it’s fair to say the crypto moon trip is cancelled.
The ‘establishment’ ringing it in from all sides. IRS forcing companies to declare 10k and over transactions...won’t be long until its taxed directly to make way with the ‘official’ centralised coin. The beatniks had their fun, now it’s time to roll up the carpet and put out the josticks |
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Buy gold
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you lose nothing if you dont sell, the get rich quick newbies bought, sold and lost, the markets always been up and down, when you see goverments starting to panic then you know crypto will disrupt goverments and banks
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But the government and banks hold all the cards.
And you don’t lose what you never cashed out, but that ethereal number those that didn’t looks in great threat now. |
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didnt musk say tesla will stop using bitcoin a few days before the chinese government gave a bit of a warning about it not being a currency,sounds like they had a word with him
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"buy gold"
...and silver physical not paper |
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the goverments think they hold the cards and rushing to try to tax it but you can still have a wallet that they cant touch or tax there is even bitcoin atms all over so can cash out other ways 199 in the uk and 114 in london, no bank account no identity, cash in or out
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a year ago bitcoin was 7k now even after the crash 28k
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But the playingfield has been clearly defined; they wont allow it to be used as a transfer of value, the state version will be the one for that.
The price speculation was based on its potential. High finance wont give it a seconds thought when all you can do is day your online dealer. |
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pay
Youve made just about all you are going to with it Im predicting |
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Gold ?
PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. PAXG allows for exposure to Gold markets without using an ETF, futures contract, or other derivative product. PAXG was initially issued in September, 2019 and has seen significant growth in market capitalization and volume as gold prices have fluctuated significantly in 2020. PAXG’s advantages over other gold trading products include abilities such as 1) redemption for physical, allocated gold 2) fractional ownership 3) no holding fees (fees charged upon creation/redemption/transfer) and 4) instant settlement. These features have helped the market capitalization of PAXG grow to over $50M. |
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In fact you have to wonder if even the West will allow it once the state has a version, after all why would people be using it?
Its like the Tor browser or end to end encryption. Where do you think the spooks start looking? At joe blogg's convos with his grandma over facebook? |
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PAXG
PAX Gold PAXG £1,344.36 GBP + £67.59 (5.31%) i can buy or sell instantly with a debit card or transfer it was 1500 a few days ago but generally steady |
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bitcoin its untraceable if you want it to be goverments coins will be taxed capital gains and the like and all eu goverments are bust
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You have to go to great lengths to make it untraceable, and there will be areas along the way that highlight to those interested that somebody is going to such lengths. Many things that are assumed to be private, arnt.
Besides the point was they'd force even small payments to be declarable making it pointless. You pay capital gains on speculative profits from crypto do you not already? Governments being 'bust' is the type of argument that inspirational types give, the point is they are lenders of last resort backed by tax revenues and the law. If BoE cant print money when the economy needs it or raise interest rates it will be like the wild west. |
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You, as a few others have made a few quid poncing off a speculative market while tech types have promised you a new future vision.
Well the banks and government have the real power to piss out all those fire. Take your profits and thank yours lucky stars |
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wouldn't a bucket be better?
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Silver squeeze brigade expect the end of June/start of July to be the next spike in silver price, $30 per ounce +
Basel3 getting a lot of hype. |
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up and down like a yo yo but patience in gambling is required
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latest company up 75% in a month and still 300% below its highest, people suggesting silver and bitcoin as good investments
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was reading an article about how technology will speed up the process of buying shares ect, so retail investors can execute trades faster and how the big institutions are still able to get the best deals and reap the rewards before the retail investors get a slice of the pie
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DMA has been around a while but if you get it through a broker you arn’t buying stock you are taking out a CFD. In most cases it will serve a similar need, except it gives the broker the chance to either front end your purchase or take you on, and since you don’t own stock it’s non transferable and therefore could become problematic if you have to close it with the same broker.
L3 is available but I think you need a license. Non of this matters to the vast majority unless they want to become a market maker. On crypto. Wow, there’s still some blind optimism here. Even supporters believe this is the next crypto winter, except this time there are a whole litany of objections and me thinks a smelly scandal large enough to sink it completely. Their erratic ‘poster boy’ seems to have had his head turned (while authorities again question his actions) and development of state coins are well under way around the world. I’d not go near Bitcoin. |
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Cryptocurrencies continue to be volatile as they plunged on Tuesday morning amid a sell-off after former US president Donald Trump said bitcoin was a "scam".
“Bitcoin, it just seems like a scam,” he told Fox Business. “I don’t like it because it’s another currency competing against the dollar… I want the dollar to be the currency of the world. That’s what I’ve always said.” Back in 2019 when he was president, he had said he was “not a fan” of cryptocurrencies. In a tweet, he had said at the time cryptos “facilitate unlawful behaviour, including drug trade and other illegal activity” Bitcoin was down 8.5%, to trade at $32,871 ($23,252). Ethereum (ETH-USD) — the world's second largest crypto by market cap — fell about 9% and was trading at $2,498. Meme-inspired dogecoin (DOGE-USD) plunged 12.6% to trade at $0.324. |
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i dont hold bitcoin, sold mine before this crash at a great profit and ive no need or want to purchase it again, ive bought into a token with purpose and have a large bag just holdling and accumalating at these low prices
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whats el salvador like to live in as bitcoin legal tender shortly, when something disruptes the worlds money and all the nations are bankrupt what happens to real money, inflation and intrest rate rises which is coming
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El Salvador is nice. What makes you think all (or any) nations are bankrupt, know all?
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take away the stimulus today and tomorrow you will see how many are not bankrupt
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Musk is a tool.
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take away the stimulus today and tomorrow you will see how many are not bankrupt - GAZO
Firstly, it won't happen, the Fed have been quite explicit in saying it will print $ when times suit. Secondly, all the money in the world couldn't buy Wyoming, so the USA can back up the dollar in a way that nobody can back up bitcoin. Not everything in economics is a cycle, most things change for good - Alaska is never going back to its purchase price and you'll have a long wait before you can buy a Van Gogh for a bottle of Absinthe. |
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All national curriencies diminish over time its an effect of growth, even Voltaire wrote about it.
The idea that speculative bitcon in a realm that makes up its own rules for the betterment of extortionists will be the answer, when the likes of state run digital dollars will exist is whimsy of the highest order. |
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There are so many reasons state coins will win. They will be assignable to the exact purpose for what they are intended, meaning benerfits will be paid in tokens that will only be accepted in certain places for eg
plus theyd be underwritten by the state, why would anyone put money in speculative ventures that has nothing but air underneith? |
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think bitcoin will reach a 100k eventually, only a matter of time, nothing to do with crypto currencies, there are already people who ary buying digital art for £80 million
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https://www.politico.com/news/2021/06/07/us-colonial-pipeline-ransom-payment-492058
This is interesting. But the FBI was able to recover the money only because it had separately obtained the private key for the wallet where the money ended up. Without that key, the money would have remained locked away, as is true in many other ransomware cases. Officials did not say how they obtained the key in this case. I wonder how they got the key? |