To many external issues out there for this to be the next bull run I expect. Probably some manipulation from institutional investors before I big pullback.
Least it’s nice to see my portfolio almost at parity, and gives me hope for gains if we hit ATH again.
To many external issues out there for this to be the next bull run I expect. Probably some manipulation from institutional investors before I big pullback.
Least it’s nice to see my portfolio almost at parity, and gives me hope for gains if we hit ATH again.
doubtful, just no one left to sell. late shorts get squeezed, price goes up and up until there runs out of buyers, longs get trapped and then price capitulates, which is when the bull run can begin.
Still some volatility in the market with fringe Coins going up 30-40% in a day then dropping off. Bitcoin and Etherium seem to be stable ish after a rise over the last week. Wondering whether its worth a punt yet? I'm hovering at around 40-45% value to investment. Much better than it looked a month ago.
UST and terra failed because it was clearly a terrible idea - algorithmic stablecoins imo don't work. You need it backed 1:1. The advantages of stablecoin pools are many. It's at least good that the BoE is starting to take it seriously.
I dip into this thread from time to time a bit like an American watching cricket - bemused.
I get why digital currency could replace physical coinage and paper, but can’t see how it can work if the currency value is linked to the outcome of a game able to be run by fraudsters with rules that no fully one understands. Its only purpose seems as a medium for gambling, same as Bingo.
Token value is engineered by nothing other than random volatility dictated by unpredictable, and frequently irrational, behaviour of buyers and sellers. The pseudo rationality of views on market movements being given by those ITK generates spectator participation, but I think they all know it's just so much bullish*t.
I imagine the B of E are trying to see if they can invent a game of digital currency where they write the rules and act as umpire to control volatility and mirror fiat currency behaviours. The value would be, as now, relative to what other currencies it can be traded for; and its perceived ability to maintain purchasing power if held as a store of value. it's all about controlling supply.
The article on crypto currency addiction suggests it should be treated like other gambling addictions. I think it's a little different. One difference is, you don't immediately lose your stake as with other forms of gambling, and your losses are continuously visible until you sell out. In addition, the scale and frequency of high volatility, akin to massive stock market crashes, has the potential to be an ever present fear during every waking hour, not just until the 2.30 at Kempton Park has been run.
I dip into this thread from time to time a bit like an American watching cricket - bemused.
I get why digital currency could replace physical coinage and paper, but can’t see how it can work if the currency value is linked to the outcome of a game able to be run by fraudsters with rules that no fully one understands. Its only purpose seems as a medium for gambling, same as Bingo.
Token value is engineered by nothing other than random volatility dictated by unpredictable, and frequently irrational, behaviour of buyers and sellers. The pseudo rationality of views on market movements being given by those ITK generates spectator participation, but I think they all know it's just so much bullish*t.
I imagine the B of E are trying to see if they can invent a game of digital currency where they write the rules and act as umpire to control volatility and mirror fiat currency behaviours. The value would be, as now, relative to what other currencies it can be traded for; and its perceived ability to maintain purchasing power if held as a store of value. it's all about controlling supply.
The article on crypto currency addiction suggests it should be treated like other gambling addictions. I think it's a little different. One difference is, you don't immediately lose your stake as with other forms of gambling, and your losses are continuously visible until you sell out. In addition, the scale and frequency of high volatility, akin to massive stock market crashes, has the potential to be an ever present fear during every waking hour, not just until the 2.30 at Kempton Park has been run.
perhaps, but there's considerable benefits to being able to send cross border payments (near) instantly and cheaply, also benefits for staking in stablecoin pools where you can generate better APY than any bank account i know of and it would be based on real usage not based off speculative investments by your bank. If that was backed by BoE that would come with considerable advantages. There'd also be considerable arbitrage opportunities at the beginning of each week, you'd be able to buy digital £ with a digital $, redeem for real £ and sell back to dollars.
I dip into this thread from time to time a bit like an American watching cricket - bemused.
I get why digital currency could replace physical coinage and paper, but can’t see how it can work if the currency value is linked to the outcome of a game able to be run by fraudsters with rules that no fully one understands. Its only purpose seems as a medium for gambling, same as Bingo.
Token value is engineered by nothing other than random volatility dictated by unpredictable, and frequently irrational, behaviour of buyers and sellers. The pseudo rationality of views on market movements being given by those ITK generates spectator participation, but I think they all know it's just so much bullish*t.
I imagine the B of E are trying to see if they can invent a game of digital currency where they write the rules and act as umpire to control volatility and mirror fiat currency behaviours. The value would be, as now, relative to what other currencies it can be traded for; and its perceived ability to maintain purchasing power if held as a store of value. it's all about controlling supply.
The article on crypto currency addiction suggests it should be treated like other gambling addictions. I think it's a little different. One difference is, you don't immediately lose your stake as with other forms of gambling, and your losses are continuously visible until you sell out. In addition, the scale and frequency of high volatility, akin to massive stock market crashes, has the potential to be an ever present fear during every waking hour, not just until the 2.30 at Kempton Park has been run.
perhaps, but there's considerable benefits to being able to send cross border payments (near) instantly and cheaply, also benefits for staking in stablecoin pools where you can generate better APY than any bank account i know of and it would be based on real usage not based off speculative investments by your bank. If that was backed by BoE that would come with considerable advantages. There'd also be considerable arbitrage opportunities at the beginning of each week, you'd be able to buy digital £ with a digital $, redeem for real £ and sell back to dollars.
I dip into this thread from time to time a bit like an American watching cricket - bemused.
I get why digital currency could replace physical coinage and paper, but can’t see how it can work if the currency value is linked to the outcome of a game able to be run by fraudsters with rules that no fully one understands. Its only purpose seems as a medium for gambling, same as Bingo.
Token value is engineered by nothing other than random volatility dictated by unpredictable, and frequently irrational, behaviour of buyers and sellers. The pseudo rationality of views on market movements being given by those ITK generates spectator participation, but I think they all know it's just so much bullish*t.
I imagine the B of E are trying to see if they can invent a game of digital currency where they write the rules and act as umpire to control volatility and mirror fiat currency behaviours. The value would be, as now, relative to what other currencies it can be traded for; and its perceived ability to maintain purchasing power if held as a store of value. it's all about controlling supply.
The article on crypto currency addiction suggests it should be treated like other gambling addictions. I think it's a little different. One difference is, you don't immediately lose your stake as with other forms of gambling, and your losses are continuously visible until you sell out. In addition, the scale and frequency of high volatility, akin to massive stock market crashes, has the potential to be an ever present fear during every waking hour, not just until the 2.30 at Kempton Park has been run.
perhaps, but there's considerable benefits to being able to send cross border payments (near) instantly and cheaply, also benefits for staking in stablecoin pools where you can generate better APY than any bank account i know of and it would be based on real usage not based off speculative investments by your bank. If that was backed by BoE that would come with considerable advantages. There'd also be considerable arbitrage opportunities at the beginning of each week, you'd be able to buy digital £ with a digital $, redeem for real £ and sell back to dollars.
Particularly for those money laundering.
the problem with this line of argument is they would then fail AML checks, so would be unable to launder it in any true sense. Also, if i was laundering money, I wouldn't use a public, easily accessible ledger to do it!
I dip into this thread from time to time a bit like an American watching cricket - bemused.
I get why digital currency could replace physical coinage and paper, but can’t see how it can work if the currency value is linked to the outcome of a game able to be run by fraudsters with rules that no fully one understands. Its only purpose seems as a medium for gambling, same as Bingo.
Token value is engineered by nothing other than random volatility dictated by unpredictable, and frequently irrational, behaviour of buyers and sellers. The pseudo rationality of views on market movements being given by those ITK generates spectator participation, but I think they all know it's just so much bullish*t.
I imagine the B of E are trying to see if they can invent a game of digital currency where they write the rules and act as umpire to control volatility and mirror fiat currency behaviours. The value would be, as now, relative to what other currencies it can be traded for; and its perceived ability to maintain purchasing power if held as a store of value. it's all about controlling supply.
The article on crypto currency addiction suggests it should be treated like other gambling addictions. I think it's a little different. One difference is, you don't immediately lose your stake as with other forms of gambling, and your losses are continuously visible until you sell out. In addition, the scale and frequency of high volatility, akin to massive stock market crashes, has the potential to be an ever present fear during every waking hour, not just until the 2.30 at Kempton Park has been run.
perhaps, but there's considerable benefits to being able to send cross border payments (near) instantly and cheaply, also benefits for staking in stablecoin pools where you can generate better APY than any bank account i know of and it would be based on real usage not based off speculative investments by your bank. If that was backed by BoE that would come with considerable advantages. There'd also be considerable arbitrage opportunities at the beginning of each week, you'd be able to buy digital £ with a digital $, redeem for real £ and sell back to dollars.
Particularly for those money laundering.
the problem with this line of argument is they would then fail AML checks, so would be unable to launder it in any true sense. Also, if i was laundering money, I wouldn't use a public, easily accessible ledger to do it!
And yet people do!
my point as much though is that international payments already work well and aren’t a barrier to trade. Of course they can continue to evolve and get better but it isn’t a glaring problem that crypto alone fixes.
I dip into this thread from time to time a bit like an American watching cricket - bemused.
I get why digital currency could replace physical coinage and paper, but can’t see how it can work if the currency value is linked to the outcome of a game able to be run by fraudsters with rules that no fully one understands. Its only purpose seems as a medium for gambling, same as Bingo.
Token value is engineered by nothing other than random volatility dictated by unpredictable, and frequently irrational, behaviour of buyers and sellers. The pseudo rationality of views on market movements being given by those ITK generates spectator participation, but I think they all know it's just so much bullish*t.
I imagine the B of E are trying to see if they can invent a game of digital currency where they write the rules and act as umpire to control volatility and mirror fiat currency behaviours. The value would be, as now, relative to what other currencies it can be traded for; and its perceived ability to maintain purchasing power if held as a store of value. it's all about controlling supply.
The article on crypto currency addiction suggests it should be treated like other gambling addictions. I think it's a little different. One difference is, you don't immediately lose your stake as with other forms of gambling, and your losses are continuously visible until you sell out. In addition, the scale and frequency of high volatility, akin to massive stock market crashes, has the potential to be an ever present fear during every waking hour, not just until the 2.30 at Kempton Park has been run.
perhaps, but there's considerable benefits to being able to send cross border payments (near) instantly and cheaply, also benefits for staking in stablecoin pools where you can generate better APY than any bank account i know of and it would be based on real usage not based off speculative investments by your bank. If that was backed by BoE that would come with considerable advantages. There'd also be considerable arbitrage opportunities at the beginning of each week, you'd be able to buy digital £ with a digital $, redeem for real £ and sell back to dollars.
Particularly for those money laundering.
the problem with this line of argument is they would then fail AML checks, so would be unable to launder it in any true sense. Also, if i was laundering money, I wouldn't use a public, easily accessible ledger to do it!
And yet people do!
my point as much though is that international payments already work well and aren’t a barrier to trade. Of course they can continue to evolve and get better but it isn’t a glaring problem that crypto alone fixes.
lol, i suppose if you're happy with western union taking a considerable cut. Many middle class people in africa use USDC as a secondary currency to send between countries.
Comments
I'm hovering at around 40-45% value to investment. Much better than it looked a month ago.
Any chance of you coming together to buy the club?
https://www.bankofengland.co.uk/explainers/what-is-a-central-bank-digital-currency
The feature starts on 31 minutes 30 seconds.
I get why digital currency could replace physical coinage and paper, but can’t see how it can work if the currency value is linked to the outcome of a game able to be run by fraudsters with rules that no fully one understands. Its only purpose seems as a medium for gambling, same as Bingo.
Token value is engineered by nothing other than random volatility dictated by unpredictable, and frequently irrational, behaviour of buyers and sellers. The pseudo rationality of views on market movements being given by those ITK generates spectator participation, but I think they all know it's just so much bullish*t.
I imagine the B of E are trying to see if they can invent a game of digital currency where they write the rules and act as umpire to control volatility and mirror fiat currency behaviours. The value would be, as now, relative to what other currencies it can be traded for; and its perceived ability to maintain purchasing power if held as a store of value. it's all about controlling supply.
The article on crypto currency addiction suggests it should be treated like other gambling addictions. I think it's a little different. One difference is, you don't immediately lose your stake as with other forms of gambling, and your losses are continuously visible until you sell out. In addition, the scale and frequency of high volatility, akin to massive stock market crashes, has the potential to be an ever present fear during every waking hour, not just until the 2.30 at Kempton Park has been run.
my point as much though is that international payments already work well and aren’t a barrier to trade. Of course they can continue to evolve and get better but it isn’t a glaring problem that crypto alone fixes.
re money laundering - citation needed.