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Honorable Bitcoin

Commonwealth Bank (CBA), the largest of the four major banks in Australia, said will allow its customers to buy and sell crypto currencies on its platform in a revolutionary move, establishing a precedent in the banking sector of the country.

Commonwealth Bank, which along with National Australia Bank, Westpac Banking Corp and Australia and New Zealand Banking Group Ltd dominates the Australian banking sector, said it will partner with the New York- based exchange Gemini Trust Company LLC to offer crypto exchange and custody service through a new feature in its mobile banking CommBank app.

Well, watching it all happen will sure be entertaining.
Quoting james1254
Commonwealth Bank (CBA), the largest of the four major banks in Australia, said will allow its customers to buy and sell crypto currencies on its platform in a revolutionary move, establishing a precedent in the banking sector of the country. Commonwealth Bank, which along with National Australia Bank, Westpac Banking Corp and Australia and New Zealand Banking Group Ltd dominates the Australian banking sector, said it will partner with...
Good adoption news.
  • Post #883
  • Quote
  • Edited Nov 9, 2021 1:49am Nov 8, 2021 10:46am | Edited Nov 9, 2021 1:49am
Quoting james1254
Commonwealth Bank (CBA), the largest of the four major banks in Australia, said will allow its customers to buy and sell crypto currencies on its platform in a revolutionary move, establishing a precedent in the banking sector of the country. Commonwealth Bank, which along with National Australia Bank, Westpac Banking Corp and Australia and New Zealand Banking Group Ltd dominates the Australian banking sector, said it will partner with the New York- based exchange Gemini Trust Company LLC to offer crypto exchange and custody service through a new feature in its mobile banking CommBank app. Well, watching it all happen will sure be entertaining.
CBA now!
Bitcoin was born and than spread as pure hate against the government. "Fuck the government" was the slogan. Common shit everywhere today.
Secondary, any moron with an economics degree is aware that a capped monetary supply is inherently deflationist.
So bitcoin as money it's still advocated by financial illiterates who ignores the fact that deflation is even worse than inflation.
But that doesn't prevent bitcoin from being attractive and it actually makes a great deal even for some great financial institutions.
Simple business, easy money, the more anti-system idiots in the crypto game, the more profit for the big finance sharks
It is so because of the lack of reglementation so far causes huge volatility and huge systemic risk.
So crypto is bad, toxic, investment. Gambling.
Crypto, just another great tool to rob the anti-system dumb crowd !
Member
Surprise ? No, is just bitcoin... usual business !
BTW, the NFP read pretty bad and crypto is supposed to safe haven your fkn savings when things go South in the real world !!
But crypto trash is going down as well ??? Ironic, huh ?

Volatility at this magnitude will never go away for bitcoin.
That makes it a gamble for any investment protfolio.

Because ...freedom can't be reglemented

Fuck the government, fuck the institutions !
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Quoting TudorIoan
BTW, the NFP read pretty bad and crypto is supposed to safe haven your fkn savings when things go South in the real world !! But crypto trash is going down as well ??? Ironic, huh ?
Borrowed money might be exiting; also profit taking..
..
Facts:

There is a decentralisation illusion in DeFi since the need for governance makes some level of centralisation inevitable and structural aspects of the system lead to a concentration of power

If DeFi were to become widespread, its vulnerabilities might undermine financial stability.

Decentralised finance catering for cryptoassets could undermine financial stability if it gained traction and more safeguards are needed

DeFi has the potential to complement traditional financial activities, but it currently has few real-economy uses and, for the most part, supports speculation and arbitrage across multiple cryptoassets

The limited application of anti-money laundering rules and customer checks, along with transaction anonymity, exposes DeFi to illegal activities and market manipulation

BIS
Member
Quoting TudorIoan
Facts: There is a decentralisation illusion in DeFi since the need for governance makes some level of centralisation inevitable and structural aspects of the system lead to a concentration of power BIS
Ahaaa, there!
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  • Post #888
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  • Edited Dec 10, 2021 1:47am Dec 9, 2021 2:24am | Edited Dec 10, 2021 1:47am
Musk said that he is not an "extreme libertarian," against all government spending.

Love this spoiled dumb kid !
Just another monopolist who claim that CBs are are some kind of rival corporation ...who's stealing the monopol from people like him, probably.
Wevgot news for you, dummy, CBs are more like lead bars that controls the booom, without which nuclear reactor would go crazy.
It's all about control, that's the central banks. Ultimatelly, to control market participants' greed, fear and stupidity.
But yeah, sure, you little prick have a problem with authority like any other greedy bastard.
Truth is that I myself would pose the same stand against anyone who is threatening my business, 'cause I confess, I am biased, greedy and crazy too.
So I feeel you, bro !

https://www.cnbc.com/video/2021/12/0...m-higgins.html
Member
Woah, have you ever seen anything even more stable than this shitcoin ?
Swinging around 40K like clockwork ! All this year !

Geee, we've got to sell all of our gold&stocks and go all in into this magnificent thing !!
Fck gold, fck stocks ...bitcoin is The thing !

The perfect protection against war-induced inflation!!

Go, crypto !!
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@TudorIoan..Interesting perspectives.
Im listening to your comments. Useful. and rational..
Warning: A Dangerous Subversive: 1% of comments CoCed
Inserted Video
Member
Any updates with the latest PA?
Quoting momo3HC
Any updates with the latest PA?
Due to huge spreads I usually trade bitcoin only on W1 and fundamentals. So I post less often.
Bitcoin is following the SP500, down now to 40K, mid-balance area for this year.
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  • Post #894
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  • Edited Apr 8, 2022 2:00am Apr 7, 2022 2:45am | Edited Apr 8, 2022 2:00am
It's funny that crypto was created to fight institutions and inflation. But is nothing like it.
Today it is like any other asset, but only more volatile and riskier.
Bitcoin seems pegged to the US indexes rather than being a safe heaven for "value".
(well, yeah, although stocks are seen as a protection against inflation ...but less volatile, therefore safer)
Member
Quoting TudorIoan
{quote} Due to huge spreads I usually trade bitcoin only on W1 and fundamentals. So I post less often. Bitcoin is following the SP500, down now to 40K, mid-balance area for this year. {image}
Uh, back in line. That was quick. Few days. 40K. Right on plan.
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I do not believe that bitcoin is evil and supports corruption, your arguments are completely unfounded and unsupported by anything.
Quoting trevardowdy
I do not believe that bitcoin is evil and supports corruption, your arguments are completely unfounded and unsupported by anything.
Suit yourself! Believe whatever seems right to you
But my arguments aren't completly unfounded. For instance, it's much easier to make payments in bitcoin for illegal activity than make them in fiat or gold. And that's obvious for any decent reasonable person.
So, cash and gold are pretty much close with crypto but they still leave institutional-digital and physical traces more easy to be followed by the law enforcement. (because you need to meet in person to make the payment or use the banks) But not with crypto, since the blockchain-digital trace means just some public codes. But those codes are not necessary linked with any information about identity. So if you sell drugs on dark web and get paid in crypto outside the KYC system, the public blockchain ledger will only show some anonymous digits changed and nothing more. That makes all illegal activity easier. And that's inherently evil

Also bitcoin (PoW) is utopic because of the huge amount of electricity wasted just to pay the latte for all the schmucks all over the world every day...

edit: Well, I'm honoured to see that your very first post on FF was addressed to me, on my thread, junior! It's like you started your account just to fight me on bitcoin Oh, mind that your local time gives you up, you're not trading from the US as you pretend on profile Welcome on FF, little liar, ...Jeezzz, little dumb pricks everywhere!!
Member
Breaking 40K support and also going to breach this D1 bullish channel... nice!
Going down with the stocks! Only gold is up on hard times
Buy lower, back to 40K!
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Quoting HudithePfupf
Scenario: Since years the incredible waste of electric energy by crypto currencies is well known and the problem grows each year. A periode of cheap energy with low oil prices due to covid is definitely over and the opposite is the case - prices explode. Even energy shortages and blackouts in the coming winter are a very real possibility in Europe, but also in a lot of other places around the globe. There where several almost blackout events in Europe during Winter 2021. We will likely run out of luck next time. This will finally change the perception...
Hi! Pretty reasonable scenario, netzpolitik. Please allow me to quote your post here, Hudi.

Scenario:
Since years the incredible waste of electric energy by crypto currencies is well known and the problem grows each year. A periode of cheap energy with low oil prices due to covid is definitely over and the opposite is the case - prices explode.
Even energy shortages and blackouts in the coming winter are a very real possibility in Europe, but also in a lot of other places around the globe. There where several almost blackout events in Europe during Winter 2021. We will likely run out of luck next time. This will finally change the perception and lax regulation and tolerance of energy wasting crypto currencies dramatically in a very short periode of time.

Finally and in my opinion far too late regulators will step up and ban energy wasting cryptos like bitcoin, eth etc. (mostly the PoW is enrgo-phages) to stop that incredible and harming energy waste. The currently work on such plans and how to implement them. Look out for warnings from regulators toward retail customers.... they clearly warn the public. All the marketing propaganda efforts regarding "green crypto" will face reality. That reality is that every kwh wasted on crypto is wasted no matter what. It doesn't make a difference if they use green energy, like Musk claims is a good way. It obviously not. Each and every kwh could have been dedicated to real, productive and necessary use instead of wasting it on a digital speculative nothing burger. All companies holding cryptos or accepting cryptos are part of the problem. They have been corrupted to do so. As soon as the first blackouts or energy shortages occur in Europe or elsewhere, the EU and US will take out their plan B's to finally adress the problem and ban that crap. The price will drop dramatically and the only use that will remain is an illegal criminal use. The massiv drops in prices will scare of the broad public. The risk of a 51% attack will increase during the price collaps, because mining will become unprofitable and the resulting concentration will create a situation where a 51% attack will become more and more possible. An actor might fnally go massively short outside the bitcoin market in derivates while hedging its exposure within the bitcoin market, then drop all his "physical bitcoins", double or tripple spend them, cash in on derivates and in the end shut down all mining capacity at once. The most energy and cost effective blockchain and crypto technologies might have a chance to survive if they provide real world benefits against other payment systems to make cheaper, faster and saver.
They have to be backed by goverments. If they do not achieve this, they will not survive in the long run.
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Hi all.
I`m here again but this time will be a bit more different from the other ones.
I`ll be short and most of you will not like the below chart may be, but in the markets we must be always emotionless.
In short, BTC price could be at the edge of the cliff right now. When we look at the daily chart we’re seeing a very good looking ascending channel. That’s bullish right, but when we zoom out we’re seeing something a lot more different than bullish. That’s a bear flag. If you don’t know what a bear flag is then just google it, but a bear flag, like it`s name is showing, is a bear pattern. There’s no confirmation breakdown yet but if this happen we could see a price drop to the mid $20K - around $25000. We just got to be prepared and the world (and BTC) would NOT end with this. Will this happen only the time will show. When will be the bottom if this happen… Think I have something in my pocket to point the bottom but I`ll tell you more about this if and when this drop happen.
That’s it for now. A simple and clear chart. I hope that such negative charts will be less and less in future but that`s the real life. I have something positive prepared for the next time too plus some trading strategies testing but for all of this… when the time have come.
See ya.
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