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  1. #121
    Technician Simphony's Avatar
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    Re: Anyone into Cryto currency?

    Quote Originally Posted by FrohnB View Post
    This is one of the many reasons that I’m not a fan of a “digital dollar”/ crypto currency. Security is key! And no matter how hard they try, someone always finds a back door to get into the system.
    It’s too easy for someone (especially in this day and age) to hack in and steal those “funds”, and throw the whole system into disarray thus I use margex! With “tangible money”, in most cases, you literally have to try and physically take it from a bank or person, either by brute force, or by coercion (phone scams). Granted, their are countless cases of bank accounts being hacked through the inter-webs these days, but that just adds to the case for opposing “cyber money”.
    Talking about security. BTC has never been hacked. I guess that the best programmers in the world tried to do that but to no avail. I put more trust into BTC than into the whole banking system.

  2. #122
    Junior Member Kian2019's Avatar
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    Re: Anyone into Cryto currency?

    Many people talk about cryptocurrency, but not many people understand this system. More seriously, it is worth mentioning that this currency is constantly being modified and thus creates new directions. Now I am interested in nft games, which for me was a great decision in terms of investment and looking at the future. I am sure that for you it can be as important as it is for me.

  3. #123
    Retired 10,000+ Posts slimslob's Avatar
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    Re: Anyone into Cryto currency?

    FYI, Bitcoin and cryptocurrency prices have fallen sharply, wiping around $300 billion worth of value from the combined crypto market in just two days.

    $300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall

  4. #124
    Junior Member Smough's Avatar
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    Re: Anyone into Cryto currency?

    Okay, I looked up BTC. Okay, it's as good as forex and other platforms. But why aren't there any stocks and debt funds? If there's only futures positions, what's the point? All traders are attracted by the low starting capital threshold. Many companies offer an opportunity to open an account with $100 USD, cent accounts are opened with symbolic $10, there are even $1, but it makes sense only to test your own strategies, although you can use a demo account for that. Try Automated Forex Trading - Explanation for Traders ᐈ Forex Store and then tell me how you make profit on cent accounts. Seriously, why such a comparison?

  5. #125
    Retired 10,000+ Posts slimslob's Avatar
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    Re: Anyone into Cryto currency?

    Quote Originally Posted by Smough View Post
    tell me how you make profit on cent accounts. Seriously, why such a comparison?
    Sometimes the little guy likes to dabble, not looking for a major profit if any, just looking for some experience.

  6. #126
    Retired 10,000+ Posts slimslob's Avatar
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    Re: Anyone into Cryto currency?

    The Federal Reserve released a long-awaited review of the potential for creating a central bank digital currency Thursday, after months of delays. Ahead of making a decision, the Fed has asked the public to submit answers on 22 questions posed in the report.
    The Federal Reserve has issued its CBDC report - Protocol — The people, power and politics of tech

  7. #127
    Service Manager 1,000+ Posts
    Anyone into Cryto currency?

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    Re: Anyone into Cryto currency?

    Quote Originally Posted by slimslob View Post
    The Federal Reserve released a long-awaited review of the potential for creating a central bank digital currency Thursday, after months of delays. Ahead of making a decision, the Fed has asked the public to submit answers on 22 questions posed in the report.
    The Federal Reserve has issued its CBDC report - Protocol — The people, power and politics of tech
    This has been in the talks for a while now. The problem with any Fed electronic currency is it can be tracked and with that comes a social credit score, take China for example. I believe if and when the Fed goes total digital currency on us there will be other forms of barter without Fed involvement for tax purposes.
    I wont go on about taxation and our government, they have wasted billions on unsuccessful military occupations in other countries, yet still squeeze the taxpayers while driving up the deficit each and every year.

  8. #128
    Service Manager 5,000+ Posts
    Anyone into Cryto currency?

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    Re: Anyone into Cryto currency?

    Cryptocurrencies tumble, with bitcoin falling 15% and ether down 20%


    Bitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market.

    Bitcoin fell about 15% and was trading around $36,000 late Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market cap, dived about 20% to trade around $2,500.

    The declines in cryptocurrencies follow Wall Street losses on Thursday. The Nasdaq Composite lost 7.6% this week, and the S&P 500 fell 5.7% for its third straight weekly decline.

    Rising rates have prompted investors to shed positions in riskier assets. Earlier this week, the benchmark 10-year Treasury yield traded above 1.9%.
    The Federal Reserve have also indicated it plans to begin reducing its balance sheet, as well as tapering of bonds and raising interest rates.

    A common investment case for bitcoin is that it serves as a hedge against rising inflation as a result of government stimulus, but analysts are saying the risk is that a more hawkish Federal Reserve may take the wind out of bitcoin’s sails.

    As yields pulled back later in the week, however, foreign exchange trading firm Oanda senior market analyst Edward Moya said it was “a little disappointing to not see bitcoin react more positively to the reversal in Treasury yields.”

    Bitcoin prices have fallen sharply since November, tumbling more than 40% from a record high of about $69,000.

    Some experts warn that the crypto market could be heading toward a downturn soon, as heightened regulatory scrutiny and intense price fluctuations dampened bitcoin’s prospects.

    Regulators are cracking down on cryptocurrencies too. China completely banning all crypto-related activities and U.S. authorities are also clamping down on certain aspects of the market.

    In a Thursday note, Oanda’s Moya had predicted that bitcoin could tumble below $40,000 as Russia’s central bank had proposed a ban over the use and mining of cryptocurrencies on Russian territory, claiming the digital currency poses a risk to “financial stability and monetary policy sovereignty.”

    Russia is among the top three countries for bitcoin mining, he noted.

  9. #129
    Service Manager 5,000+ Posts
    Anyone into Cryto currency?

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    Re: Anyone into Cryto currency?

    A common investment case for bitcoin is that it serves as a hedge against rising inflation as a result of government stimulus, but analysts are saying the risk is that a more hawkish Federal Reserve may take the wind out of bitcoin’s sails.

    You don't say??!!
    Embrace the process, not the outcome.

  10. #130
    Retired 10,000+ Posts slimslob's Avatar
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    Re: Anyone into Cryto currency?

    Quote Originally Posted by SalesServiceGuy View Post
    Cryptocurrencies tumble, with bitcoin falling 15% and ether down 20%


    Bitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market.

    Bitcoin fell about 15% and was trading around $36,000 late Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market cap, dived about 20% to trade around $2,500.

    The declines in cryptocurrencies follow Wall Street losses on Thursday. The Nasdaq Composite lost 7.6% this week, and the S&P 500 fell 5.7% for its third straight weekly decline.

    Rising rates have prompted investors to shed positions in riskier assets. Earlier this week, the benchmark 10-year Treasury yield traded above 1.9%.
    The Federal Reserve have also indicated it plans to begin reducing its balance sheet, as well as tapering of bonds and raising interest rates.

    A common investment case for bitcoin is that it serves as a hedge against rising inflation as a result of government stimulus, but analysts are saying the risk is that a more hawkish Federal Reserve may take the wind out of bitcoin’s sails.

    As yields pulled back later in the week, however, foreign exchange trading firm Oanda senior market analyst Edward Moya said it was “a little disappointing to not see bitcoin react more positively to the reversal in Treasury yields.”

    Bitcoin prices have fallen sharply since November, tumbling more than 40% from a record high of about $69,000.

    Some experts warn that the crypto market could be heading toward a downturn soon, as heightened regulatory scrutiny and intense price fluctuations dampened bitcoin’s prospects.

    Regulators are cracking down on cryptocurrencies too. China completely banning all crypto-related activities and U.S. authorities are also clamping down on certain aspects of the market.

    In a Thursday note, Oanda’s Moya had predicted that bitcoin could tumble below $40,000 as Russia’s central bank had proposed a ban over the use and mining of cryptocurrencies on Russian territory, claiming the digital currency poses a risk to “financial stability and monetary policy sovereignty.”

    Russia is among the top three countries for bitcoin mining, he noted.
    Continuing to fall. https://www.theblaze.com/news/crypto...-tensions-rise

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