KEEP AN EYE ON CRYPTO........BITCOIN OVER $10K

[WildBill]

What are you thoughts about the government or countries creating their own crypto coin to be used.

Someday these will matter. I'm not looking at this from the perspective of buy BTC now and wait 20-30 years to sell. I think BTC and the others should be purely a trading vehicle and largely have treated them as such putting in some money into offshores when I think prices are relatively high and then pulling money out of books into my wallet when prices are low.

 

[MrTop]

What are you thoughts about the government or countries creating their own crypto coin to be used.

it is coming.... but it will be from the banks...to get rid of the dollar.. a lot of regulation before it goes thru... Central banks already had talks about it

 

[Sportsrmylife]

So the future of bitcoin as this world currency is limited.

 

[raiders72001]

Short term impact really. How much of the market is US-sourced money anyways? People are in crypto precisely to avoid regulation, trying to over regulate it is old school thinking and won't hold.

good points. US doesn't control crypto market.

 

[raiders72001]

it is coming.... but it will be from the banks...to get rid of the dollar.. a lot of regulation before it goes thru... Central banks already has talks about it

true......... A country that has it's own crypto would be centralized and against the idea of bitcoin. Decentralized cryptos are best. Bitcoin wanted to keep the middle man out.

 

[railbird]

bitcoin is boring now that the get rich quick part of it is gone

 

[railbird]

litecoin was a total fraud, the chinamen owner sold it off at its peak of 300

 

[railbird]

now trading at 75ish

 

[railbird]

blockchain technology will be used for voting some day maybe

 

[raiders72001]

blockchain technology will be used for voting some day maybe

It will be since a blockchain is a ledger.

 

[raiders72001]

litecoin was a total fraud, the chinamen owner sold it off at its peak of 300

Litecoin wasn’t a scam when he created it. He also worked for Coinbase. His tweets immediately moved the market and he used all of this to make a fortune.

 

[MrTop]

good points. US doesn't control crypto market.

you are right but they control the people with the laws .. you will see regulation coming very soon with crypto... The IRS will be putting it on the tax forms and trump will be putting in regulation before he gets out at the treasury dept

 

[MrTop]

Someday these will matter. I'm not looking at this from the perspective of buy BTC now and wait 20-30 years to sell. I think BTC and the others should be purely a trading vehicle and largely have treated them as such putting in some money into offshores when I think prices are relatively high and then pulling money out of books into my wallet when prices are low.

china already beta testing it... they will force the US to do it to keep pace.. They say it will happen in the US quicker than we think. About 5 years turning to digital coins.

 

[WildBill]

you are right but they control the people with the laws .. you will see regulation coming very soon with crypto... The IRS will be putting it on the tax forms and trump will be putting in regulation before he gets out at the treasury dept

Its already a law, just a matter of how much they want to enforce it. If you sell it for a gain you are required to pay tax on it like any other investment. If you hold it in an offshore account where they are not reporting your gains/losses to the IRS, then that's an offshore investment account and if you don't report it to the IRS its subject to forfeiture anyways. There is really nothing new going on here.

 

[MrTop]

Its already a law, just a matter of how much they want to enforce it. If you sell it for a gain you are required to pay tax on it like any other investment. If you hold it in an offshore account where they are not reporting your gains/losses to the IRS, then that's an offshore investment account and if you don't report it to the IRS its subject to forfeiture anyways. There is really nothing new going on here.

they are only asking did you buy or sell etc on 2021 forms.... yes you are required to pay but not enforcing yet... 2021 they will start setting the trap by asking

 

[MrTop]

A New Visa Credit Card Offers Bitcoin Rewards Instead of Miles or Cash

 

[bishqqq]

i bought a 2X position back into XRP 0.6228........ (I will add if it drops to .37 - .41) The "guru" that i respect, is loading up .....i don't love XRP, but gonna roll the dice into the new year........be careful, VERY VOLATILE.............................XRP it is.......................................full disclosure, my largest position is Ethereum . best of luck !

 

[raiders72001]

i bought a 2X position back into XRP 0.6228........ (I will add if it drops to .37 - .41) The "guru" that i respect, is loading up .....i don't love XRP, but gonna roll the dice into the new year........be careful, VERY VOLATILE.............................XRP it is.......................................full disclosure, my largest position is Ethereum . best of luck !

ETH is the way to go now that there's ETH2 which is a big improvement. XRP is nice for a banking system which is centralized. I bought XRP day one, sold most and can't find wallets where I still have some.

 

[MadTiger]

Great article: https://www.reuters.com/article/us-...are-gobbling-up-booming-bitcoin-idUSKBN28D0Q5

 

[MrTop]

The Bitcoin blockchain records every transaction in a public ledger. It does not, however, reveal the names of the people or organizations buying and selling the digital asset, only a string of random characters.


bloomberg

 

[MrTop]

i bought a 2X position back into XRP 0.6228........ (I will add if it drops to .37 - .41) The "guru" that i respect, is loading up .....i don't love XRP, but gonna roll the dice into the new year........be careful, VERY VOLATILE.............................XRP it is.......................................full disclosure, my largest position is Ethereum . best of luck !

If you like something less volatile ..you can move to Ameritrade


Grayscale Bitcoin Trust (GBTC)
Grayscale Ethereum Trust (ETHE)



These places buy a lot of crypto and know a lot about it.

 

[MrTop]

Great article: https://www.reuters.com/article/us-...are-gobbling-up-booming-bitcoin-idUSKBN28D0Q5

very good site to get info : Chainalysis

 

[blueline]

22 cents today

holy crap...38 cents this morning

 

[WeinketoWarrick]

Where’s everfresh

 

[MrTop]

Where’s everfresh

he could make a show if biden regulation comes in with Janet yellen. Way too early. There is so much one sided play here with institutions moving more money in. Got to like it.

 

[Valuist]

Bitcoin down to 36k in futures trading.

 

[WeinketoWarrick]

Down to 35, brutal Sunday here

 

[WildBill]

Feels like this week could be the start of some bubbles deflating. Market and BTC are definitely meeting the definition of stretched valuations.

 

[Ray Luca]

Buy the dips

 

[MrTop]

What are you thoughts about the government or countries creating their own crypto coin to be used.

China already started their own digital currency. It is in the trial stage where they gave out free money to some of it's people to test it... The us banks like chase will be coming out with their own coins... first you will probably see Facebook's coins come out ... it was called Libra... changed name to Diem and will be dollar - pegged.

 

[MrTop]

futures on bitcoin already coming up at 35.7

 

[Sportsrmylife]

bitcoin is the future.

banks making their own coins is a joke.

but is someone going to have multiple coins based on what different stores take? no

bitcoin to a MILLION!

 

[railbird]

bitcoin is the future.

banks making their own coins is a joke.

but is someone going to have multiple coins based on what different stores take? no

bitcoin to a MILLION!

you will need to put it on your wrist or forhead soon. dont do that because you will go to hell if its mark beast

 

[MrTop]

Goldman Sachs Explores Entering Crypto Market, CoinDesk Reports

 

[MrTop]

bitcoin is the future.

banks making their own coins is a joke.

but is someone going to have multiple coins based on what different stores take? no

bitcoin to a MILLION!

banks and facebook coming out with their own coins backed by the dollar

 

[IWishIWasAPro]

Good. I'm actually tired of dealing with banks and their traditional systems. I'm over it. Need something new implemented and QUICK like bitcoin.

 

[MrTop]

January 13, 2021 05:38 PM Eastern Standard Time
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Bit Digital Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

 

[winkyduck]

January 13, 2021 05:38 PM Eastern Standard Time
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Bit Digital Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

WOW!

I have known Frank Cruz for about 40 years. WOW!

 

[bishqqq]

didn't see the problems in XRP......Sold 90 % / dead wrong................Ethereum's all time high is within reach @ $ 1448..............long Status ( SNT ) $0.05655 FOR a SPECULATION PLAY, & I really like it.

 

[Sportsrmylife]

banks and facebook coming out with their own coins backed by the dollar

This sounds like a dumpster fire if you can just print money.

If it's not backed by gold it doesn't mean anything