Does Anyone Here Trade Cryptocurrencies... Or Is that a dirty word?

Pat494

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Mar 27, 2004
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#37
If just about all the crypto currencies are held by Europe/USA etc. and banned by India/China etc. it could be indicative of ............????
What .
Is it an age old trick of trying to pass off devalued/worthless currency.
 
Aug 21, 2004
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#38
If just about all the crypto currencies are held by Europe/USA etc. and banned by India/China etc. it could be indicative of ............????
What .
Is it an age old trick of trying to pass off devalued/worthless currency.
They can't be banned Pat. They can attempt to roadblock etc, but anyone who really wants to can get some.

Fiat money is devalued worthless currency and most of that is simply numbers on a computer. Inflation is theft and does not exist in cryptos, which is why cryptos will keep going up in value and fiat's value will continue to be eroded.
 

brewski1984

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Sep 9, 2010
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#39
They can't be banned Pat. They can attempt to roadblock etc, but anyone who really wants to can get some.

Fiat money is devalued worthless currency and most of that is simply numbers on a computer. Inflation is theft and does not exist in cryptos, which is why cryptos will keep going up in value and fiat's value will continue to be eroded.
Isn’t there the same argument for Gold?

Seems a risky thing for a business/person to accept payment for services in bitcoin when the value of it could literally be $1000 higher or lower within minutes.
 
Aug 21, 2004
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#40
Isn’t there the same argument for Gold?

Seems a risky thing for a business/person to accept payment for services in bitcoin when the value of it could literally be $1000 higher or lower within minutes.
Yeah, there are delays in settlement times with btc, but that's not true of all cryptos....some settle instantly.(y)
 

NVP

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Jun 21, 2004
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#41
Cryptos will succeed and be commonplace in the future


But main issues at present is the brutal volatility and usage by the criminal fraternity

That allows the established Criminal fraternities like banks and governments to,try to undermine its progress to maturity

But that’s the standard route in any new product cycle

N
 

Pat494

Well-known member
Mar 27, 2004
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#42
Apparently professional criminals are just loving the cryptos. None of their shady doings are now possible to monitor. So it's full steam ahead for money laundering etc.

The other objection to this crypto craze is cost.

Bitcoin network will "use as much electricity as the entire world does today" by early 2020. "This is an unsustainable trajectory,"
Electricity generating companies will grossly pollute the planet only to produce fantasy money.

:devilish:
 
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Quantt

Active member
Jul 23, 2017
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#43
But main issues at present is the brutal volatility and usage by the criminal fraternity

That allows the established Criminal fraternities like banks and governments to,try to undermine its progress to maturity

N
I am not sure about that... As I said before, I still think the bitcoin was either developed by CIA, NSA or similar 3 letter organization or at lest they have the master key to decrypt it... Just few months ago major broker was taken down in Cyprus for money laundering... Don't forget the big brother monitors the WHOLE internet and the Naval intelligence did actually develop the TOR browser enabling the existence of the dark web... I think for now they are more concerned with terrorism, so the criminals are getting a pass, but for how long...