Do you think it sounds realistic that people would use bitcoin as a "store of value"? So say if we could say there won't be the wild swings in price, so no chance of making a lot of money, would people buy it?
I suppose it would depend on the environment around bitcoin at the time. Money in a bank isn't holding much value at the moment and is being devalued as sure as time itself. It may be a case that in the future a stable bitcoin as a hold of value and finite would serve a purpose. I'm not saying it will or won't, just what this guy said and anything he was speaking about was going over my head for the most part, including this.
Well, I would be take any predictions from experts with a pinch of salt. They don't know either and may have unclear motivations for having an opinion one way or another. There are other ways to hedge inflation without needing a cryptocurrency to do it. At least at this time, bitcoin seems to be an inverse hedge for inflation. I think this actually makes sense given that you would expect less retail buyers in the market when the economy is down. Trading volumes are way down on last year.
That's what is known as a Ponzi Scheme. An asset with no intrinsic value that relies on the greater fool to provide income for the previous investors.
Having said that, its been that way since its inception so I suspect it will continue until eventually the network gets hacked or compromised revealing it to be nothing more than fairies gold. Then it'll be Books, Films and documentaries for years to come.
He recently invested a couple hundred million into a new company founded by Adam Neumann.
Regional regulators will force exchanges to make users in that country to use the regional CBDC. Brazils regulators were looking at making the exchanges convert all Brazilian users assets to their CBDC. Which is crazy. What I see happening is that at least the stable coins will be regional and controlled by the regional banks (which you need to cash out). I wouldn’t hold any stable coin for too long of period and definitely not leave assets long term on exchanges anyway.
Regulators in the EU are already looking at making hard wallets release their users details or even publicly release them (which is beyond crazy to have that publicly viewable, as in name and address).
Second paragraph, what's the source on that? (the context)
Seems to contradict the FAQ
Which part, the part about Brazilian CBDC or the part about hardwallets in the EU. Both were on multiple crypto news sites.
I actually misread your original post and thought you meant that CBDC wallets for digital cash would be made public.
However this
Do you have a source for this? Crypto "news" sites often deliberately leave out context.
European digital asset regulation is actually looking pretty good
https://www.consilium.europa.eu/en/press/press-releases/2022/06/30/digital-finance-agreement-reached-on-european-crypto-assets-regulation-mica/
Just one example, can’t find the one from coin telegraph where it explicitly says it. Also mentioned on a coin bureau video around the time too.
Right but this is normal KYC and AML procedure. I don't see any mention of making them public.
This was proposed legislation not passed yet. It will come up in a few months again. The issue people had at the time that it even got that far.
Right, but what's the issue with it?
You open an account anywhere now you need basic KYC. This is the same. I don't see any mention of this information being made public, why are you making that inference?
The EU are known for their over reaching bureaucracy, the hard wallet thing was another example. Making that information public. They just need to control it through the off ramp through the exchanges and banks.
At no point anywhere I've read does it claim that your information will be made "public" so I have no idea where you keep getting that notion from.
Some mining pool that contributes over 10% of total work for your Bitcoins has halted withdrawals due to liquidity issues
Some Chinese place, no wonder I've never heard of them - thought crypto was banned in China
Our Bitcoins?
It's the cost of energy now that is putting the Bitcoin mining operations under. $20k support has now failed too, it had been under pressure with a while now. Next significant support is $10k, if that fails then there is something significantly gone wrong that we don't know about.
I definitely read someone say that the cost of mining was one of the reasons for bitcoins's appreciation.
Not it's the reason for its depreciation.
What’s going on with aptos, have they released a proper tokenomics report and insider wallet addresses yet? Also no supply limit, any details on how the supply can be increased? It all seems sketchy for a meta/Facebook backed project.
Seen a few vids on it now - stay away is the consensus
Its origin is FB but nothing to do with them now
Scam text going around that looks like it’s from the Binance text address, don’t click the link. It’s says there’s a withdrawal from an unknown IP address and click to cancel.
I'm even more confident with this prediction after the shenanigans with FTX tonight.
ETH < 800, BTC will hit 10-14K. Alts will be rekt and it will be time to load up and wait a few years.
I'd be looking for Chainlink and DOT at €2-€3 if the above happens.
Once these mid terms are in the rear view, it's 🔨 time.
I'm either going to be rich af or horribly wrong.
Rumours flying about that SBF, Almeda and FTX are close to insolvency. Binance is liquidating their entire position in FTT tokens. Huge if true, especially after the Celsius, Terra/Luna, and 3 Arrows Capital debacles.
Get the feeling there isn’t a lot of liquidity flushing around the crypto ecosystem these days.
It seems Almeda research is backed mostly by the FTT token which has the top ten wallets holding over ninety percent of the supply. Though the FTX exchange makes enough in trading fees not the be impacted.
The question is, has SBF been selling Bitcoin to keep the price artificially low and bumping the price of the FTT token?
FTX saying screw the market, we need money?
Solana is fucked and will take the entire market down with it.
Solana has dropped ~5% since this post. At one stage this morning it was 12%.
![Photo of [Deleted User]](https://w8.vanillicon.com/v2/877aa92d1fda3704e03b5aa206affea2.svg)
![Photo of [Deleted User]](https://w0.vanillicon.com/v2/0c95fbacfd3f8db330cceee65321bca3.svg)