Cryptocurrency

[scooterscot]

Have a lookie... see which countries are buying up Bitcoin

Coin Dance | See which countries are seeing the most Bitcoin trade volume on LocalBitcoins.

Mostly those in developing countries suffering high inflation. They're buying like crazy. What's my point? hyper inflation... it's coming to the dollar the pound the euro, many argue 'our currency is strong'. Hyper inflation always starts with the weakest economies before moving to the top world economies.

Bitcoin not really going up, every other currency is going down. Can't wait until the gold bugs start fretting with <$1000 gold and jumping into BTC.

[Zigenare]

Have a lookie... see which countries are buying up Bitcoin

Coin Dance | See which countries are seeing the most Bitcoin trade volume on LocalBitcoins.

Mostly those in developing countries suffering high inflation. They're buying like crazy. What's my point? hyper inflation... it's coming to the dollar the pound the euro, many argue 'our currency is strong'. Hyper inflation always starts with the weakest economies before moving to the top world economies.

Bitcoin not really going up, every other currency is going down. Can't wait until the gold bugs start fretting with <$1000 gold and jumping into BTC.

Loadsa charts!!!

[AtW]

EUR/USD basket is the most sensible solution to deal with local depreciating currency, hedged bet that takes into account possible changes in rates between EUR/USD, everything else ismpretty much priced against those reserve currencies.

That’s real money too, nobody who wants to save from inflation is “investing” into fake “asset” that is as volatile as tulipcoins.

[Jog On]

EUR/USD basket is the most sensible solution to deal with local depreciating currency, hedged bet that takes into account possible changes in rates between EUR/USD, everything else ismpretty much priced against those reserve currencies.

That’s real money too, nobody who wants to save from inflation is “investing” into fake “asset” that is as volatile as tulipcoins.

Holding on to the most traded and highly volatile FX pair is the most sensible option? Do you mean buying and holding EUR and USD separately or taking out a position trade on the pair in a spot/CFD/Spread bet account or ETF?

[scooterscot]

EUR/USD basket is the most sensible solution to deal with local depreciating currency.

Then explain why developing countries are buying up BTC?

Why would you want to buy USD when they've printed enough of them to build a staircase to the moon with one dollar bills?

Why are the Chinese selling US debt if it is so wonderful?

[AtW]

Holding on to the most traded and highly volatile FX pair is the most sensible option? Do you mean buying and holding EUR and USD separately or taking out a position trade on the pair in a spot/CFD/Spread bet account or ETF?

I am talking about having real cash, you know like 500k EUR and 550k USD, preferably in cash or keeping it in Swiss bank

[AtW]

Then explain why developing countries are buying up BTC?

No, it doesn't - it explains money laundering however from said countries, or market manipulation to give impression certain countries are "involved" in this scam, probably both in good measure.

[scooterscot]

London city is the world's capital for money laundering - why does it not appear on the list?

[vadhert]

London city is the world's capital for money laundering - why does it not appear on the list?

Correction.

Cleaning is done through the crown dependencies. City of London doesn’t get its hands dirty anymore.

[scooterscot]

Was about to say if BTC doesn't hold $8400, expect a bloodbath - 5 minutes later. Let's see where this goes... would be awesome if we saw a 70%+ pullback.