Bitcoins and Other Crypto-currencies

RIP in peace Rocsteady

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.

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.

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.

There is also the real risk that we haven't seen the worst yet, despite things feeling all exciting and sparkly right now.

It is very possible that regulations come out that make 90% of Crypto projects dead in the water, a bloodbath that will whittle the market down to a 50 or so premium digital assets that will be the focus of the big institutions going forward.

Does this mean Dogecoin is no longer a thing?

Vermilion wrote:Does this mean Dogecoin is no longer a thing?

Such race. Very slipstream. Wow.

Trelliz wrote:Such race. Very slipstream. Wow.

AT THE CORNER YOU WILL SEE IT

jokes on you the whole race is a corner

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.

Funny people joke about dogecoin (deservedly so!) but it was actually doing quite well a few months ago from TikTok video pumps

Bitcoin broke the $10,000 resistance today and is now halfway to $11,000.

This is big for the whole market, as Bitcoin has been struggling to break $9,500 since the halvening back in May.

Hoping Bitcoin can keep going without being slammed back below 10k again!

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.

Hulohot wrote:The alt market is also seeing a lot of price action, it's feeling very early 2017 right now.

Patiently waiting for ethereum to properly pop-off, the run up from the low 200s to where we are now has been nice but I'm really looking forward to the end of the year. Currently sitting on about 130 eth, average price a little under $200.

Chainlink's run has been immense, strawberry floating kicking myself for selling about 1500 at $4...

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.

It's above the 2017 value now. Damn if only I bought them at £3k each earlier in the year!! Today they are £17k

Yeah it's been a wonderful few days. Portfolio is looking insane!

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.

I've noticed a lot of places such as Blockfi offering very good interest rates for crypto 'savings'. Ive signed up for blockfi and get 6% pa on BTC and even higher on some of the others. Once people start noticing this, we'll see mass adoption - a 'killer' app if you will.

Also, VISA are bringing out a BTC credit card over the next few weeks/months. Once that happens, i think may people will be disassociating with FIAT money completely, particularly if you can get 6-8% for your savings. You dont want to be left behind when that happens.

EDIT: Btw, use this link and we both get $10 of btc - https://blockfi.com/?ref=958e20e9

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.

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.

So what you're saying is I should put my life savings into bitcoin?

Yes

Anyone following Reddit messing up the stock market through GME?