Cryptocurrency

[scooterscot]

I despise fraudsters, that’s the reason.

When the internet was first born it was full of fraudsters. It is just human behaviour. All new technologies take time to grow beyond their infancy. Blockchain is no different. Money based internet protocols are a natural development of money, it's far far quicker, global, efficient, there's no way you can just ignore that. Not to mention the control of the currency is not possible for the few to manipulate. Now that is fraud.

Speaking of Fraud, we live in an era of fraud. You only need take a look at your own government. A house full of fraudsters climbing over each other to support their own self interest. But that's another topic.

[scooterscot]

People are searching about BTC again. I would believe now is a good time to buy, but be prepared to dump after a profit is made...

There are external reasons that'll push the price up higher than before beyond BTC adoption. They include the dollar collapsing (China selling US debt even faster than before ((question why the hell is the UK buying it?!!!)), China / US trade deals not happening, UK power vacuum, etc list goes on

[scooterscot]

At least with most scamcoins there is a trail for crime investigation units to find and follow. Even with bitcoin if they can prove who owns a wallet then all the transactions are there as evidence against the perp. Can't say that for cash transactions.

Now I'm going to play devil's advocate here... but something important is happening and it concerns adoption. For BTC in particular. Privacy coins were meant to be the saviour of complete privacy but it turns out BTC wallets are appearing that can mix BTC transactions. For whatever the reasons, I don't care, what's important is the rate of adoption. BTC is winning the adoption race, I'm not going to say how I know, it is the result of a lot of research. Wasabi wallet is leading the field of transaction mixing.

Wasabi Wallet - Reclaim your privacy

[scooterscot]

I just bought a Ledger Nano S for my next foray into Lambo ownership

Currently evening is all over the place about price. $4k then recently $8k... This happened before. 2016. People's emotions were all over the place after a rally from $250 to $500. Looking back now makes you laugh. We're in the same place today.

In a couple of years the emotions you're going through today will help later on. Weekly swings of $10k will become the norm.

[AtW]

When the internet was first born it was full of fraudsters. It is just human behaviour. All new technologies take time to grow beyond their infancy. Blockchain is no different. Money based internet protocols are a natural development of money, it's far far quicker, global, efficient, there's no way you can just ignore that. Not to mention the control of the currency is not possible for the few to manipulate. Now that is fraud.

Speaking of Fraud, we live in an era of fraud. You only need take a look at your own government. A house full of fraudsters climbing over each other to support their own self interest. But that's another topic.

Yeah, there were lots of fraudsters among DARPA personnel responsible for creation of the Internet.

[Lance]

There are external reasons that'll push the price up higher than before beyond BTC adoption. They include the dollar collapsing (China selling US debt even faster than before ((question why the hell is the UK buying it?!!!)), China / US trade deals not happening, UK power vacuum, etc list goes on

people buy USD debt because the USA have always paid.
It's a low yield, very safe investment.

[AtW]

people buy USD debt because the USA have always paid. It's a low yield, very safe investment.

US debt == US dollars.

US dollars == accepted as US tax payment (without need to swap for other currency, so zero currency risk), which on its own creates a very large intrinsic value.

Tulipcoins == fraud, money laundering, terrorist financing, tax evasion.

[DimPrawn]

Tulipcoins == fraud, money laundering, terrorist financing, tax evasion, Lambo!

FTFY

[scooterscot]

people buy USD debt because the USA have always paid.
It's a low yield, very safe investment.

So why are the Chinese selling it? And buying up Gold instead?

The UK buying up US debt makes no sense. Especially if the widely touted devaluation of the dollar is coming during the next recession. The UK would only be spending good money after bad. Wait one, that's Tory policy. Forget it, I'm rambling.

[AtW]

So why are the Chinese selling it? And buying up Gold instead?

Capital outflows from China, that's why.

1 ton of gold is 63 mln USD at current prices, total amount of Gold in Chinese CB is 1864 tons, so that's total value of 117 bln USD.

( Source: China On Gold-Buying Spree? PBOC Adds 11.8 Tonnes To Reserves In January | Kitco News )

China holds around 1 trln USD in US treasuries - there is not enough gold in the world to turn that "fiat" into gold, and most importantly - investors who pull money from China don't ask for gold, they ask for USD.

So in conclusion - pooper you are a Mor On.