Cryptocurrencies
-
Finally crypto gets the credibility it's been missing.
-
Was watching one exchange yesterday - BTC poked its head back above AUD15k for the briefest of moments.
That's about a 30-35% increase on a week ago depending where you're buying/selling. Now holding steady above AUD15k.
Most of the coins I'm in have doubled since two weeks ago. Should have bought more
-
There never seems to be much middle ground with crypto, eh?
Its either a lever to true freedom or a massive bubble that is a total scam
I note the guy in charge of BTC is being done for money laundering, and asking for 15BTC to help fund his defense.
That's USD$173k right now.
-
@antipodean Homeland Security confiscated his phone so he can't access his accounts
-
Carnage out there in crypto land - US securities are talking regulation, while their IRS starts talking taxation leading up to the April 15 deadline.
Some platforms are budding to launch during the first half of this year. Will be interesting to see if they still get any momentum once the tax man has his say.
-
@nta said in Cryptocurrencies:
Carnage out there in crypto land - US securities are talking regulation, while their IRS starts talking taxation leading up to the April 15 deadline.
Some platforms are budding to launch during the first half of this year. Will be interesting to see if they still get any momentum once the tax man has his say.
I hope you pulled the pin in time to take your winnings off the table mate
-
@canefan what I had in there wasn't winning, so I just left it alone.
In fact, I've picked up a little more while the prices are shithouse. That way I only risk another handful of actual dollars, and might even pick up a few more if the magic internet dollars come good
-
Things have come back a little toward the good in the NTA universe of crypto: a coin called Verge (XVG) recently did a crowdfund and got to their goal after some last minute push.
The idea was raising funds to help with marketing (which, TBH, they're shit at) and then developing a new partnership.
The partnership gets announced in a week, so the market on that coin today was up about 20%. The partnership is apparently a game-changer, but even if its not, the excitement is getting people moving on this coin.
I am about 60% of the way back to evens, and if this announcement comes through and the coin takes off, I'll be in rude profit. Going to be smarter this time, take out all the cash I've invested, and then play with house money.
-
-
-
@nta said in Cryptocurrencies:
@jk in financial circles I suppose its something you need to keep an eye on. When people start bringing real-world uses that are demonstrably better than the status quo, it'll be interesting to see the response of regulators and institutions.
Yeah well been doing block chain related stuff for about 3 years now. There are definite benefits and with further efficiencies to come, things will only get better.
Regulators been slow to act here. A couple of guidance notes issued but nothing overly firm. And finally the IRD have stated their position re tax on crypto.
Much more to come...
-
@nta said in Cryptocurrencies:
When people start bringing real-world uses that are demonstrably better than the status quo
Which isn't going to happen unless you can partner with a CC. Even then, what benefit is there? None. Crypto won't replace fiat.
-
@antipodean fast, cross border transactions, with low fees would allow crypto to sit under fiat tho.
Contracts and trading speeds appear to be where the better proposals are running
-
@nta said in Cryptocurrencies:
@antipodean fast, cross border transactions, with low fees would allow crypto to sit under fiat tho.
That technology already exists and is better than blockchain at doing it. I know this because I built some of it for one of the big four. International clearing houses only existed for this long because not enough consumers said we're tired of this bullshit
Contracts and trading speeds appear to be where the better proposals are running
The current high frequency trading infrastructure is better. Current blockchains don't scale well enough to compare.
Don't get me wrong, I like the technology and it definitely has its uses, some of which we still haven't worked out, but private coins replacing sovereign fiat it will never do.
