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agree. but a world currency not controled by any government. think of the potential bro. i know you can point out flaws but think of the fucken potential!
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Aaaaand... BTC is plunging. Fucken good luck Chuck over here... Fucken guy.. :D
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Bitcoin shoving etf!!.. big mistake
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Check out @DontPanicBurns’s Tweet: https://twitter.com/DontPanicBurns/s...261692929?s=09
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Professional Investor and Author of ‘Rich Dad, Poor Dad’ Is Bullish on Bitcoin
Robert Kiyosaki, the author of the famous financial self-help book Rich Dad, Poor Dad, has described the US dollar as a scam, declaring that bitcoin and other cryptocurrencies are “currencies of the people” that will outlive fiat currency.
‘The Dollar is Toast’
Speaking with Kim Hughes on the Sane Crypto Podcast in which he excoriated the dollar, Kiyosaki also predicted an imminent stock market crash.
In his words:
“The US Dollar is a scam…I think the dollar is toast because gold and silver and cybercurrency are going to take it out…The US Dollar is gone…In the year 2000 there was one currency, the US Dollar. It was called the reserve currency of the world…and then came bitcoin or cybercurrency.”
Discussing his new book, Fake: Fake Money, Fake Teachers, Fake Assets, Kiyosaki revealed that he wrote about how gold, bitcoin, and other cryptocurrencies are a better hedge against an impending collapse of the financial market.
He said:
“In my new book… I talk about the three types of money today: God’s money, which is gold and silver, government’s money which is fiat currency, which is done by government decree which is the dollar… Then there’s the people’s money, which is cybercurrency on the blockchain technology. Gold is a hedge and I am expecting a collapse on the system…[and] which is why you are into cybercurrencies now… bitcoin and ethereum.”
Going further, he expressed a series of typically controversial financial opinions including a description of fiat currency savers as “losers” and calling for a return of the gold standard to the dollar following its 1971 removal by President Richard Nixon.
Doomsday Preacher?
Kiyosaki is no stranger to such opinions, having previously stated in an interview that another crash that will be “the biggest of all” is on its way following the crashes of 2000 and 2008.
He is not the only prominent public figure to hold similar opinions about fiat currency in comparison to bitcoin and cryptos. CCN reported in 2017 that Apple co-founder Steve Wozniak asserted that bitcoin is superior to USD, which he referred to as “kind of phony.”
Bill Gates and former Goldman Sachs manager Nomi Prins have also predicted a financial market crash, though they have not publicly expressed a preference for bitcoin or cryptos. Gates in particular has been bearish on bitcoin in recent interviews.
In April, when asked if the U.S. will have another financial crisis like that of 2008, Gates responded in the affirmative, describing it as a “certainty” despite being difficult to time.
https://www.ccn.com/rich-dad-poor-da...usd-is-a-scam/Comment
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Big news that's gone under the radar.
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Indian Exchanges Bypass Reserve Bank’s Ban On Crypto, Now Offering Support For Tether (USDT), TrueUSD (TUSD)
An increasing number of digital asset exchanges in India have started to list stablecoins such as Tether (USDT) and TrueUSD (TUSD). It appears that this could be an attempt by local exchanges to reduce the negative impact on India’s crypto economy, as the country’s reserve bank (RBI) has prohibited financial institutions from offering banking services to those dealing in digital currencies.Indian crypto exchanges have started listing stablecoins Tether (USDT) and TrueUSD (TUSD).
Tens of thousands of new local crypto traders have registered after the stablecoins were added.
Stablecoins may be used to bypass the Indian Reserve Bank's ban on crypto.
Exchanges Add Stablecoins Tether (USDT), TrueUSD (TUSD)
Last week, Unocoin, a major Indian cryptocurrency exchange, announced that it would support TUSD on its Unodax trading platform. TUSD is an ERC-20 token, which was developed on the Trusttoken platform, and each TUSD is said to be redeemable 1-for-1 for US dollars.
Currently, Unodax is reportedly offering support for 23 different TUSD trading pairs, which include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). According to Inc42, an Indian media company, “the decision [to list TUSD] has been taken to minimize the RBI circular’s impact on [local] cryptocurrency investors and traders.”
“Plausible Solutions” To RBI’s Ban
As reported by CryptoGlobe, the RBI instructed all local banks on April 6th to stop offering banking services to crypto-related businesses and individuals looking to convert digital currencies to fiat (or vice-versa) through exchanges.
Sathvik Vishwanath, the CEO of Unodax, explained:
Vishwanath added that with stablecoins such as TrueUSD, users would have a reliable medium of exchange for other digital assets as it would help “minimize their risks in a volatile [crypto] market.”After the RBI banned bank transfers for crypto trading and investments, we were looking for the plausible solutions to help our users continue to hodl, without any disruptions and hassles.
Zebpay, a leading Indian crypto wallet and exchange service, also recently announced that it would begin listing TUSD on its trading platform. At present, Zebpay is offering support for only two trading pairs: BTC-TUSD and TUSD-INR (Indian Rupees). Users looking to transact in TUSD on Zebpay will reportedly not be charged withdrawal fees until August 31st, 2018.
Tens Of Thousands Of New Crypto Traders
Other popular Indian exchanges such as Wazirx have started offering exchange-escrowed peer-to-peer (P2P) services that allow users to make deposits and withdrawals with INR by using Tether (USDT). USDT was created by Tether Limited and the company claims that each USDT is backed by one USD held in reserve. Moreover, USDT uses a specialized cryptocurrency and communications protocol called Omni Layer, which was developed on the Bitcoin blockchain.
While there has been some controversy regarding Tether’s USDT, its demand does not seem to have been affected. Notably, Wazirx’s new USDT escrow service has become quite popular in India, as the exchange’s CEO Nischal Shetty revealed that “tens of thousands” of new traders registered on the exchange after it began offering the P2P crypto escrow service.
Commenting on USDT’s ability to increase liquidity on exchanges, the WazirX CEO noted that extreme fluctuations in cryptocurrency prices was not something their trading platform could control. However, by offering users a stablecoin such as USDT, crypto investors could potentially be able to take advantage of the token’s relatively high liquidity and stable price.
Several other Indian cryptocurrency exchanges such as Zecoex, Coindelta, and Koinex have also recently added support for USDT and/or TUSD.
https://www.cryptoglobe.com/latest/2...-trueusd-tusd/Comment
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Turkey’s Currency Instability Pushing People to Bitcoin
Remember when cryptos were deemed unusable because, unlike fiat, they were volatile? The tables are gradually turning and Turkey is the latest case. The country’s currency, the lira, has recently experienced a drastic drop in its value relative to the US dollar which has quickly drawn comparisons with Bitcoin. Faced with an economic crisis and a trade dispute with the US, the lira collapsed 20 percent in the past week, a greater drop than Bitcoin. Turks have sought alternative payment methods as they wait for the lira to stabilize, and cryptos have been the leading option.
Turkey’s relations with the US have been strained for some time now, and they have only gotten worse over the past few days. On August 10, President Trump announced that he had doubled the tariffs on Turkish steel and aluminum, noting that the lira had continued to slide against the US dollar. The announcement only accelerated the downward spiral of the lira. Year to date, the lira has dropped by over 45 percent.
Just like with other nations whose fiat currencies have experienced uncertainty, Turks are turning to cryptos, mainly Bitcoin, for stability. According to Forbes, the country’s crypto exchanges have experienced a surge in the number of clients as well as in the volume traded over the past few days. Turkey’s largest crypto exchange, Koinim, has reported a 63 percent increase in its Bitcoin trading volume since Trump made the announcement. Paribu and BTCTurk, the other two major exchanges in the country, also reported 100 and 35 percent increases respectively.
Turkey joins Iraq in turning to cryptos for stability, but with one marked difference. While peer-to-peer exchanges led by LocalBitcoins have experienced a surge in Iraq, it’s the centralized exchanges that have benefitted in Turkey. This is because the Turkish financial system has continued to support crypto exchanges and grant them access to basic financial services. And with the US-Turkey trade and diplomatic dispute not likely to be resolved anytime soon, the exchanges could see even higher trade volumes in the coming months.
Recently, Turkish president Recep Erdogan encouraged Turks to convert any euros or dollars they owned to lira to help revamp the currency. Describing the ongoing crisis as “a war of independence and the future”, Erdogan expressed his confidence that Turkey would emerge victorious in the diplomatic dispute with the US. In the meantime, however, Bitcoin and other cryptos keep gaining users who are not so confident in the lira’s ability to bounce back.
Turkey has been a country with especially controversial stands, not just on cryptos but on other payment technologies as well. In 2016, the country made headlines after it forced PayPal to shut down its operations, citing its failure to comply with the set regulations. The country’s banking industry regulator denied the California-based payment processor an operating license, and not surprisingly, cryptos were the major gainers. Following the announcement that PayPal had ceased operations in the country, crypto exchanges immediately reported a surge in their transaction volumes as individuals and businesses searched for an alternative payment process. Whether the current momentum will hold is anyone’s guess, but if the lira doesn’t recover soon, cryptos could make their case as a better form of money than the country’s fiat currency.Comment
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the amount of shorts (people betting against bitcoin) has reached levels not seen since April right before a massive short squeeze that lead to a bull run in May. to get out of a short you have to buy back in to stop yourself from losing money. so all these shorts actually help during a pump because they are forced to buy into that pump. this is called a short squeeze and the bull whales are watching and waiting to liquidate all these shorts. wont be long now. expect 6800 or higher by friday afternoon.Comment
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The total market cap is slowly growing again. We may be seeing a sign that people are viewing these prices as discounts and buying in.
Last night the total market cap was $191 billion. Today it's $202 billion and climbing by a billion every hour or so. We will probably see a big move soon.
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Target 6400 and then down to 5800Originally posted by Bouncer View Post
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could be but if it does I think it will bounce of it pretty quickly and rise again stronger. that would be the 3rd time the bulls have defended that line successfully and a good sign if your bullish.Originally posted by boricuarage79 View Post
then again a massive 5 minute candle could surge $400-600 up or down at anytime rendering all TA including mine worthless. lolComment
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