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Started By
Message
re: Get prepared for the pending crypto crash
Posted on 5/9/21 at 8:40 pm to A Smoke Break
Posted on 5/9/21 at 8:40 pm to A Smoke Break
Buying more physical silver
I am going to be ready for this apocalypse
I am going to be ready for this apocalypse
1
Posted on 5/10/21 at 11:49 am to Scooba
quote:
Definitely sounds like something the leftists would push to redistribute wealth.
What? It would be the opposite
If you have currency that expires that you have to spend that drives consumption. Consumption is literally taking wealth from the consuming masses and putting it into the pockets of the already wealthy.
What are you thinking?
Posted on 5/10/21 at 12:11 pm to thelawnwranglers
quote:
I am going to be ready for this apocalypse
You'd be better off buying canned beans.
Posted on 5/10/21 at 12:22 pm to RobbBobb
quote:
Why are banks now required to inform the govt of certain deposits and withdrawals of its customers? Things change over time, if 'criminal activity' is suspected
What is the criteria for banks to report "certain deposits and withdrawals of its customers?" ?
Posted on 5/10/21 at 1:55 pm to Curado Roy
quote:
What is the criteria for banks to report "certain deposits and withdrawals of its customers?" ?
*Any deposit/withdrawal of $10,000 or more.
*Multiple transactions that exceed $9,999 within 24 hours across all accounts with the same SS#.
*Person to person transactions over 12 months that total $10,000 or more
*Or any series of transactions that a bank labels 'suspicious'
Ive seen some banks label anything over $7500 as suspicious
Posted on 5/10/21 at 2:32 pm to RobbBobb
quote:
*Any deposit/withdrawal of $10,000 or more.
*Multiple transactions that exceed $9,999 within 24 hours across all accounts with the same SS#.
*Person to person transactions over 12 months that total $10,000 or more
*Or any series of transactions that a bank labels 'suspicious'
Ive seen some banks label anything over $7500 as suspicious
Why do you think this has anything to do with a crypto crash?
Posted on 5/10/21 at 2:48 pm to Powerman
quote:
Why do you think this has anything to do with a crypto crash?
This is what I was trying to say. Banks have to comply with the BSA (Bank Secrecy Act) which was established in 1970... way before crypto and the internet. The OP is just a tin foil hat lunatic LOL
Posted on 5/10/21 at 3:31 pm to rocket31
I would guess the other bitcoin etfs will fluctuate as btc does. I agree it should raise the bottoms.
As far as the government crackdowns, I think more will come if a seemless layer 2 like lightning strike is perfected. This will seriously disrupt banks.
I do not see how a layer 2 can beat the visa/stablecoin combo.
As far as the government crackdowns, I think more will come if a seemless layer 2 like lightning strike is perfected. This will seriously disrupt banks.
I do not see how a layer 2 can beat the visa/stablecoin combo.
This post was edited on 5/10/21 at 3:38 pm
Posted on 5/10/21 at 3:37 pm to down time
Banks are fricked if they don’t reform.
Just take a look at Celsius to get a glimpse of what a user friendly crypto banking app can provide.
Just take a look at Celsius to get a glimpse of what a user friendly crypto banking app can provide.
Posted on 5/10/21 at 3:45 pm to down time
the trad banks that get into crypto/bitcoin the soonest have best odds of making it
celsius, blockfi, binance, coinbase etc are set up nicely to be the new banks of the future if they play their cards right
that's also why I think binance is the next Amazon/Facebook.. they seem to be the most forward thinking and their reach is already huge. only a matter of time before were getting car or home loan options through them
celsius, blockfi, binance, coinbase etc are set up nicely to be the new banks of the future if they play their cards right
that's also why I think binance is the next Amazon/Facebook.. they seem to be the most forward thinking and their reach is already huge. only a matter of time before were getting car or home loan options through them
Posted on 5/10/21 at 4:24 pm to rocket31
The question is how do you beat visa?
Works at every ATM and most merchants around the globe. Can convert to local currency for a few dollar fee.
At the btc atms I get hit with a 5% + fee and have to wait 30 minutes to withdraw .
This is an issue. I know Jack M has ideas he won't reveal yet.
Works at every ATM and most merchants around the globe. Can convert to local currency for a few dollar fee.
At the btc atms I get hit with a 5% + fee and have to wait 30 minutes to withdraw .
This is an issue. I know Jack M has ideas he won't reveal yet.
This post was edited on 5/10/21 at 4:30 pm
Posted on 5/10/21 at 4:37 pm to Powerman
quote:
What? It would be the opposite
If you have currency that expires that you have to spend that drives consumption. Consumption is literally taking wealth from the consuming masses and putting it into the pockets of the already wealthy.
What are you thinking?
True but there has been a lot of negative press about "generational wealth" and wealth inequality. I can see some sort of targeted push to try to prevent families handing down fortunes for generations. Don't think it would get very far because those families that have been handing down wealth for generations don't intend to stop.
Posted on 5/10/21 at 4:54 pm to down time
i personally see the future as saving in crypto/bitcoin and then spending in dollars.
visa isnt going anywhere and could even get stronger. plus they are offering a bitcoin rewards card, which seems to be the best of both worlds
visa isnt going anywhere and could even get stronger. plus they are offering a bitcoin rewards card, which seems to be the best of both worlds
Posted on 5/10/21 at 4:56 pm to rocket31
Storing value in btc and borrowing against it with 1% APR.
This is the way.
This is the way.
Posted on 5/10/21 at 4:57 pm to Tiguar
dreamy
Posted on 5/10/21 at 5:43 pm to Lightning
Well the idea of a main stream currency that expires is not going to happen anyway. It's all just silly talk
Posted on 5/10/21 at 7:23 pm to MrSpock
quote:
You'd be better off buying canned beans.
Who said I wasn't
This post was edited on 5/10/21 at 7:24 pm
Posted on 5/10/21 at 10:15 pm to RobbBobb
quote:I suggest you read the articles in the magazine and not just the cover. There is an entire section on the future of banking, and it is more focused on digital currency, (which is NOT the same as crypto) and the role a central bank plays vis-a-vis private banks and their role in capital. It is not so focused on crypto currency.
RobbBobb
I am not picking a side in the debate, only asing you to read things before you bring such posts here. Otherwise, we are turning the Money talk even more into the Poli talk.
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