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re: Official CryptoTalk Thread
Posted on 2/23/21 at 10:15 am to TigerTatorTots
Posted on 2/23/21 at 10:15 am to TigerTatorTots
quote:
6 months*
true and prolly in a month, but the point remains, if you are buying BTC it should eb for long term gains. BTC is not really for day trading anyways. People freak over a 10% dip. most alt coins will run 20-35% in the matter of hours and then return close to resistance.
0
Posted on 2/23/21 at 10:25 am to James11111
quote:
I ain’t your pal.
Sure you are guy
Posted on 2/23/21 at 10:32 am to jmcwhrter
quote:
Did you ever feel you got into #BTC or #BNB too late? And wanted in a bit earlier?
Well, a dip gives you that chance.
If you will feel that way again later, you know this is the moment to blame ... yourself.
Not financial advice.
twitter qoute from CZ - this guy
Posted on 2/23/21 at 10:40 am to rocket31
Won’t change anything for BTC
Posted on 2/23/21 at 10:42 am to jimbeam
normies will interpret this as bad for bitcoin/crypto but this is extremely bullish for the market overall
This post was edited on 2/23/21 at 10:43 am
Posted on 2/23/21 at 10:59 am to rocket31
The Fedcoin sounds like a really stupid idea.
The principle problem with fiat isn’t that it isn’t digital enough. It’s that the centralized authorities are able to devalue it at will. Fedcoin doesn’t address the concern of scarcity.
The principle problem with fiat isn’t that it isn’t digital enough. It’s that the centralized authorities are able to devalue it at will. Fedcoin doesn’t address the concern of scarcity.
Posted on 2/23/21 at 11:02 am to Ross
right but it allows them to track every transaction we make
Posted on 2/23/21 at 11:03 am to rocket31
quote:
this is extremely bullish for the market overall
Agree, will accelerate adoption. I can't believe Americans are still so used to paying with credit cards. I try to use digital payment anywhere I can.
Restaurants and bars need the digital payment at the table to be more common.
Posted on 2/23/21 at 11:04 am to rocket31
quote:
it allows them to track every transaction we make
That is the worst part of going cashless
Posted on 2/23/21 at 11:06 am to rocket31
which is another reason it’s a much worse alternative to standard cryptos
I don’t know many crypto nerds that are like “privacy? Who needs it”
I think the Fed doesn’t really get why people are moving to crypto to begin with
I don’t know many crypto nerds that are like “privacy? Who needs it”
I think the Fed doesn’t really get why people are moving to crypto to begin with
Posted on 2/23/21 at 11:07 am to rocket31
quote:
normies will interpret this as bad for bitcoin/crypto but this is extremely bullish for the market overall
I've always thought this would be their next move.. As more and more people realize the positives of blockchain, they'll swoop in with a "best of both worlds" solution -- the digital dollar.
It's blockchain, so that's good! and it won't drop 30% in value in 8 hours! so that's good too!
Posted on 2/23/21 at 11:08 am to jmcwhrter
what is the problem with just using a USD stablecoin if volatility scares you?
Fedcoin has no viable use cases from where I sit
Fedcoin has no viable use cases from where I sit
This post was edited on 2/23/21 at 11:09 am
Posted on 2/23/21 at 11:11 am to Ross
Those wicks though
Posted on 2/23/21 at 11:13 am to jimbeam
I have spent too much money this month on cryptos but God it’s always so tempting when you see this sea of red
Posted on 2/23/21 at 11:16 am to Ross
quote:
Fedcoin has no viable use cases from where I sit
It's use case is to kill off all of the othercoins
Posted on 2/23/21 at 11:17 am to Ross
right but this gives normies access to "crypto" that they wouldn't have had otherwise, which just naturally increases adoption
a lot of people are just scared of digital currency for whatever reason
a lot of people are just scared of digital currency for whatever reason
Posted on 2/23/21 at 11:20 am to Ross
quote:
The Fedcoin sounds like a really stupid idea.
Why? FedCoin will be stable, cheap to use, with fully transparent and audit friendly transaction histories.
It's like Bitcoin but a real use case and infinitely more horrifying. Sounds like a treasury/IRS dream project.
Posted on 2/23/21 at 11:26 am to ChuckO1975
quote:
It's like Bitcoin but a real use case and infinitely more horrifying. Sounds like a treasury/IRS dream project.
is it going to have an extremely regulated supply that they can not manipulate?
Posted on 2/23/21 at 11:28 am to lsu777
Will need proof of reserve and a price oracle... sounds like it needs to be powered by Chainlink
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