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Messages - Peter90

Pages: [1] 2 3 ... 57
1
Economics , Sociology & Politics / Re: BRICS+
« on: Today at 11:14:27 AM »

3
No thanks, I don't want to be having all these miners next to my dam. That'll just mean more power outages. And the government is already rationing power between districts, so I think it is a very dumb idea to make electricity even more scarce by giving it to the miners.

Although in fairness there have not been so many outages recently probably because it's raining so much here, but just wait for the rain to stop and then it will be back to outages as normal.

Wrong


.............


and I don't believe you live in Ethiopia

4
Gold are very expensive. This will lesson the number of those that invest in it if compared with bitcoin that you can buy with just $50. You need thousands of dollars to buy gold bars.

The advantage that Bitcoin give to us though is that anyone can invest on it, average joe like the majority of us and then we have like big institutions and maybe some millonaires and billionaires that we are not aware of this it is (psuedo)-anonymous.

If gold is too expensive people buy silver.
Silver is a precious metal just like gold.
Investing in Silver is much more widespread than investing in gold or BTC.


In China silver items are being sold 20-30% over Western paper silver price.





Gold just hit its All Time High
Silver hit its 10 years ATH
For traders
Gold & Silver Trading

5
Trading (Not crypto) / Re: Gold & Silver Trading
« on: Today at 10:13:47 AM »
Silver
currently at 31
15 years charts

.......................................

6
Now bitcoin has become much more attractive than gold in terms of popularity and demand among people. With the way BTC is attracting people's attention, it looks like it will become the most popular ever.


Primo
clearly you live neither in Vietnam ...






nor in China ...


..................



nor in Korea ...


..............


nor in Japan ...






Anybody from an Arab or Muslim country?

7
..........






How does the forum deal with fake news?

US crypto businesses getting de-banked
US authorities denying it
Mainstream media calling it fake news
Crypto ignorants siding with US authorities and mainstream media

@Don Pedro Dinero
@famososMuertos
@Zed0X
@MrSpasybo
@bitterguy28
@bitmover
@hugeblack

Congratulations
The crypto community and their ideals

8
Bitcoin Forum / Re: Roger Ver has been arrested
« on: May 17, 2024, 06:48:32 PM »
Excuse me? Where did I say I side with authorities and main stream media on this?

It is a well-known fact that Roger Ver's US-based businesses fell afoul of the US tax laws, despite no longer being a US citizen. Those are the kind of things that can get you into trouble with them.

Well... agreeing with the tax agencies is called siding with the tax agencies, NotATether


Excuse me? Where did I say I side with authorities and main stream media on this?

It is a well-known fact that Roger Ver's US-based businesses fell afoul of the US tax laws, despite no longer being a US citizen. Those are the kind of things that can get you into trouble with them.

Well... repeating what main stream media say is called siding with mainstream media, NotATether




........

Another criminal
Go after him crypto people!

9

The old traditional people, will definitely use this, and they will definitely buy BTC and will hold into this exchange I mean this platform is in existence since 1898, Can you believe it? But I am quite disappointed to see the number of people using it, the people are way lesser then the tier 1 exchanges you aforementioned, so collectively the volume would be more on these tier 1 what you think?

Hi Faisal

"To trade on the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME), you must be a member of the exchange.

To be an individual member of CME, you must be an adult with adequate financial resources to assume the responsibilities and privileges of membership and possess good moral character, a good reputation, and business integrity."


The requirements for trading in the CME are higher than for Coinbase.
You and me can register and trade on Coinbase, not so on CME.

CME trading - I guess - is more for institutions - companies -, not individuals.
Trading of one single bank can produce much more volume than 2.000 Faisals and Peters  :D

10
There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc.

No
XAU is - by far - much more traded than GBP, CAD and AUD
The 4 most traded currencies on the Forex are USD, EUR, XAU and JYP

11
Trading (Not crypto) / Re: Gold & Silver Trading
« on: May 17, 2024, 06:23:03 PM »
... and this is silver - big picture



12
Trading (Not crypto) / Gold & Silver Trading
« on: May 17, 2024, 06:21:29 PM »
Gold has been reaching ATH after ATH lately - not only in USD but in every currency.

Gold in USD (yellow)
Gold in several currencies basket (blue)




Gold is mainly for saving ... but one can trade it too!

13
Economics , Sociology & Politics / BRICS+
« on: May 17, 2024, 09:49:50 AM »
The Coming Of BRICS+ Decentralized Monetary Ecosystem

Get ready for what may well be the geoeconomic bombshell of 2024: the coming of a decentralized monetary ecosystem.
Welcome to The Unit  – a concept that has already been discussed by the financial services and investments working group set up by the BRICS+ Business Council and has a serious shot at becoming official BRICS+ policy as early as in 2025.

The strength of the Unit, conceptually, is to remove direct dependency on the currency of other nations, and to offer especially to the Global Majority a new form of apolitical money - with huge potential for anchoring fair trade and investments.
It is indeed a new concept in terms of an international currency - anchored in gold (40%) and BRICS+ currencies (60%).

https://unitfoundation.org

As it stands, the major takeaway is that the Unit should be seen as a feasible, technical solution for the theoretically Unsolvable: a globally-recognized payment/trade system, immune to political pressure.

zerohedge.com

14
SEC Doesn't Want Ethereum To Transform Banking Landscape, Says Joseph Lubin

Ethereum co-founder Joseph Lubin ... unpacked Consensys’s decision to sue the SEC after receiving a Wells notice from the U.S. securities regulator.
“The SEC appears to have reclassified Ether as a security without telling anybody that that’s the case. They are going about a strategic series of enforcement actions rather than open discourse and clear rulemaking,” Lubin said.


Timing is suspicious

The Consensys CEO also highlighted the upcoming deadline for the SEC to issue a decision over the approval of Ether spot exchange-traded funds (ETFs) as a driving force behind the regulator’s renewed enforcement action against Ethereum.
“We believe that there’s a flurry of activity designed to enable them to say that their action wasn’t capricious in the very likely event that they deny the Ether spot ETFs,” Lubin explained.

Lubin said the SEC had noticed how much capital had flowed into the ecosystem following the approval of spot Bitcoin ETFs:
“I think they’re concerned that so much attention and capital will flow to our ecosystem, considering it is improving enormously in terms of scalability and usability.”

Lubin also speculated that the prospect of the banking industry's customers moving assets into digital forms using decentralized finance constructs could scare many banks and other financial institutions.
“The SEC probably doesn’t want to see a wave of innovation that will really transform the landscape," he said.

zerohedge.com

15
Bitcoin News & Updates / CME Plans To Launch Spot Bitcoin Trading
« on: May 17, 2024, 09:23:38 AM »
The Chicago Mercantile Exchange (CME), the world's largest futures exchange, is planning to offer spot bitcoin trading on its platform, according to a Financial Times report.
This move would provide major hedge funds and institutional traders with a regulated venue to trade Bitcoin.

As Vivek Sun reports via Bitcoin Magazine, CME is already the global leader in Bitcoin futures trading. By adding spot bitcoin, it can offer clients an integrated platform that includes both spot and derivatives markets.
This enables complex trading strategies like arbitrage and basis trading that leverage price differences between the two.

Currently, most spot bitcoin trading occurs on offshore exchanges like Binance.
Institutional funds are more inclined to use CME than platforms like Coinbase due to existing relationships. The transparency and trust in CME's decades-long track record outweigh its lack of Bitcoin specialization.

zerohedge.com

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