Re: Bitcoins and Other Crypto-currencies
Posted: Mon Feb 04, 2019 10:36 am
RIP in peace Rocsteady
Hulohot wrote:I think the market is waking up.
Bitcoin halvening happened a few weeks ago.
Just the other day the office of the comptroller of currencies in the U.S passed a sweeping regulation that all federal banks can now custody Crypto assets, which opens the gate for custody of cryptocurrency on mobile banking apps, and likely eventually the sale of.
https://www.nasdaq.com/articles/treasur ... 2020-07-22
Judy Shelton, who has gone on record saying the U.S should go to a gold standard in a very cryptocurrency sort of way has been voted into the federal reserve board of governors.
On top of that we have countries trialing and launching digital currency versions of their fiat, CBDC's.
The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.
No:1 Final Fantasy Fan wrote:Hulohot wrote:I think the market is waking up.
Bitcoin halvening happened a few weeks ago.
Just the other day the office of the comptroller of currencies in the U.S passed a sweeping regulation that all federal banks can now custody Crypto assets, which opens the gate for custody of cryptocurrency on mobile banking apps, and likely eventually the sale of.
https://www.nasdaq.com/articles/treasur ... 2020-07-22
Judy Shelton, who has gone on record saying the U.S should go to a gold standard in a very cryptocurrency sort of way has been voted into the federal reserve board of governors.
On top of that we have countries trialing and launching digital currency versions of their fiat, CBDC's.
The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.
hmmm interesting...
Was it 2017 when it got very popular? When I lost about £1k on it lol as I was buying and not selling until it crashed/recovered after that wild swing towards Christmas.
Vermilion wrote:Does this mean Dogecoin is no longer a thing?
Trelliz wrote:Such race. Very slipstream. Wow.
Hulohot wrote:No:1 Final Fantasy Fan wrote:Hulohot wrote:I think the market is waking up.
Bitcoin halvening happened a few weeks ago.
Just the other day the office of the comptroller of currencies in the U.S passed a sweeping regulation that all federal banks can now custody Crypto assets, which opens the gate for custody of cryptocurrency on mobile banking apps, and likely eventually the sale of.
https://www.nasdaq.com/articles/treasur ... 2020-07-22
Judy Shelton, who has gone on record saying the U.S should go to a gold standard in a very cryptocurrency sort of way has been voted into the federal reserve board of governors.
On top of that we have countries trialing and launching digital currency versions of their fiat, CBDC's.
The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.
hmmm interesting...
Was it 2017 when it got very popular? When I lost about £1k on it lol as I was buying and not selling until it crashed/recovered after that wild swing towards Christmas.
Yeah December 2017 was the peak, a lot of people got burnt.
Since then a lot of global regulation for this market has been created (we still however do not know all of that yet) and we know the big boys are in the space and building the platforms so they can make money (which explains the comptroller of currency regulation a few days ago, the banks saw the insane money being made by the exchanges and wanted some of it)
We have Wall Street sitting on the sidelines, waiting for the final wave of regulations which I feel is getting closer, and banks preparing to issue this stuff to their everyday customers.
What I'm getting at is when the next bull run occurs, it will be when the regulators, governments and traditional platforms are ready for it to happen. The next bull run will be fueled by these entities, so an apocalyptic crash ala 2017 may not repeat itself.
With the rapid release of regulations that has been coming this year, the halvening and current price action, I feel like we may be looking at the end of 2020 for a market resurgence.
I also feel that when it does happen, it will make 2017 look like nothing.
pjbetman wrote:Hulohot wrote:No:1 Final Fantasy Fan wrote:Hulohot wrote:I think the market is waking up.
Bitcoin halvening happened a few weeks ago.
Just the other day the office of the comptroller of currencies in the U.S passed a sweeping regulation that all federal banks can now custody Crypto assets, which opens the gate for custody of cryptocurrency on mobile banking apps, and likely eventually the sale of.
https://www.nasdaq.com/articles/treasur ... 2020-07-22
Judy Shelton, who has gone on record saying the U.S should go to a gold standard in a very cryptocurrency sort of way has been voted into the federal reserve board of governors.
On top of that we have countries trialing and launching digital currency versions of their fiat, CBDC's.
The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.
hmmm interesting...
Was it 2017 when it got very popular? When I lost about £1k on it lol as I was buying and not selling until it crashed/recovered after that wild swing towards Christmas.
Yeah December 2017 was the peak, a lot of people got burnt.
Since then a lot of global regulation for this market has been created (we still however do not know all of that yet) and we know the big boys are in the space and building the platforms so they can make money (which explains the comptroller of currency regulation a few days ago, the banks saw the insane money being made by the exchanges and wanted some of it)
We have Wall Street sitting on the sidelines, waiting for the final wave of regulations which I feel is getting closer, and banks preparing to issue this stuff to their everyday customers.
What I'm getting at is when the next bull run occurs, it will be when the regulators, governments and traditional platforms are ready for it to happen. The next bull run will be fueled by these entities, so an apocalyptic crash ala 2017 may not repeat itself.
With the rapid release of regulations that has been coming this year, the halvening and current price action, I feel like we may be looking at the end of 2020 for a market resurgence.
I also feel that when it does happen, it will make 2017 look like nothing.
I agree.
Things need to be made simpler, better user interface, better security, less chance of losing your funds through making errors. Once all that happens, we'll see it flourish/mainstream.
Hulohot wrote:The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.
Hulohot wrote:No:1 Final Fantasy Fan wrote:Hulohot wrote:I think the market is waking up.
Bitcoin halvening happened a few weeks ago.
Just the other day the office of the comptroller of currencies in the U.S passed a sweeping regulation that all federal banks can now custody Crypto assets, which opens the gate for custody of cryptocurrency on mobile banking apps, and likely eventually the sale of.
https://www.nasdaq.com/articles/treasur ... 2020-07-22
Judy Shelton, who has gone on record saying the U.S should go to a gold standard in a very cryptocurrency sort of way has been voted into the federal reserve board of governors.
On top of that we have countries trialing and launching digital currency versions of their fiat, CBDC's.
The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.
hmmm interesting...
Was it 2017 when it got very popular? When I lost about £1k on it lol as I was buying and not selling until it crashed/recovered after that wild swing towards Christmas.
Yeah December 2017 was the peak, a lot of people got burnt.
Since then a lot of global regulation for this market has been created (we still however do not know all of that yet) and we know the big boys are in the space and building the platforms so they can make money (which explains the comptroller of currency regulation a few days ago, the banks saw the insane money being made by the exchanges and wanted some of it)
We have Wall Street sitting on the sidelines, waiting for the final wave of regulations which I feel is getting closer, and banks preparing to issue this stuff to their everyday customers.
What I'm getting at is when the next bull run occurs, it will be when the regulators, governments and traditional platforms are ready for it to happen. The next bull run will be fueled by these entities, so an apocalyptic crash ala 2017 may not repeat itself.
With the rapid release of regulations that has been coming this year, the halvening and current price action, I feel like we may be looking at the end of 2020 for a market resurgence.
I also feel that when it does happen, it will make 2017 look like nothing.
Hulohot wrote:pjbetman wrote:Hulohot wrote:No:1 Final Fantasy Fan wrote:Hulohot wrote:I think the market is waking up.
Bitcoin halvening happened a few weeks ago.
Just the other day the office of the comptroller of currencies in the U.S passed a sweeping regulation that all federal banks can now custody Crypto assets, which opens the gate for custody of cryptocurrency on mobile banking apps, and likely eventually the sale of.
https://www.nasdaq.com/articles/treasur ... 2020-07-22
Judy Shelton, who has gone on record saying the U.S should go to a gold standard in a very cryptocurrency sort of way has been voted into the federal reserve board of governors.
On top of that we have countries trialing and launching digital currency versions of their fiat, CBDC's.
The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.
hmmm interesting...
Was it 2017 when it got very popular? When I lost about £1k on it lol as I was buying and not selling until it crashed/recovered after that wild swing towards Christmas.
Yeah December 2017 was the peak, a lot of people got burnt.
Since then a lot of global regulation for this market has been created (we still however do not know all of that yet) and we know the big boys are in the space and building the platforms so they can make money (which explains the comptroller of currency regulation a few days ago, the banks saw the insane money being made by the exchanges and wanted some of it)
We have Wall Street sitting on the sidelines, waiting for the final wave of regulations which I feel is getting closer, and banks preparing to issue this stuff to their everyday customers.
What I'm getting at is when the next bull run occurs, it will be when the regulators, governments and traditional platforms are ready for it to happen. The next bull run will be fueled by these entities, so an apocalyptic crash ala 2017 may not repeat itself.
With the rapid release of regulations that has been coming this year, the halvening and current price action, I feel like we may be looking at the end of 2020 for a market resurgence.
I also feel that when it does happen, it will make 2017 look like nothing.
I agree.
Things need to be made simpler, better user interface, better security, less chance of losing your funds through making errors. Once all that happens, we'll see it flourish/mainstream.
I think simplicity will come when the crypto market fuses with the traditional banks and can be partook in via banking apps. It has been said that banks will become crypto exchanges, and crypto exchanges will become banks.
Green Gecko wrote:I also saw that PayPal is offering bitcoin cash balances now, that's a path as much as I don't like PayPal if you can store it in a "conventional" wallet it's a pretty big deal as they will also accept bitcoin cash. For some reason everyone thinks PayPal is 100% safe bona fide legit even though its a hive for scams and and fraudulent selling (snake oil for example) so it'll reduce anxiety and at least perhaps the volatility can be backed by an institution with a hell of a lot more in conventional currencies.
It's only backed by one exchange or whatever in the USA at the moment.