Crypto currency (IF banned from CA)

[Zatara]

It's well known within crypto that USDT is printed like crazy. New York state investigated them and found that it wasn't backed by assets like they claim.

Indeed. There is also a relationship with Bitfinex.

If you put two and two together when linking previous news for both and the USDT inflows to certain products...

Things start to get interesting.

 

[Spadge Vernacular]

The Other Side of the Digital Coin: Central Bank Digital Currencies and Sanctions

As the economic benefits of central bank digital currencies emerge, so does one of their major downsides: an opportunity to avoid sanctions imposed by governments.

rusi.org

 

[Bishop Thumpety-Thump]

Crypto is the fastest growing asset class in history with the biggest price appreciation ever. BTC has been called a scam since day 1 and yet has done 6million x.

There are a lot of good points made by both sides of the argument here but lets face it, crypto currency is not going anywhere and is only going to appreciate more. Much more than the stock market, much more than your ISA and much more than any other financial product on the market.

Yes crypto is full of scams and bad actors but so is the FIAT world. Banks launder cartel drug money etc, the list on both sides could go on and on forever and I don't want to sound like I am deflecting by saying well look over here. Both sides are really bad for it.

Honestly though, if you invest in 'coins' that are called things like cumrocket and you lose your money, well i dont think you are going to get much sympathy. Much like people who give money to the nigerian prince. A fool and his money are easily parted

I personally like to take full responsibility of my money, which means self custody of my keys, which means not keeping money on corrupt exchanges. I see a lot of people in this thread who go on about how great crypto and decentralization is yet keep their money on exchanges which are just much worse versions of banks, the hypocrisy is terrible. At least with banks your money is insured up to a point.

I personally just see crypto as a speculative investment. BTC will never be used as a currency, the adoption is basically non existent and its hardly a store of value when it regularly dumps 85%. ETH is becoming unusable due to gas fees and corrupt miners who just dump on your head. LTC solves some of the problems BTC has their founder dumped millions of his own coin and there is basically no development on it. XRP actually has a use case but still very little adoption for cross border remittances. The list goes on, while a lot of them have nice ideas they very rarely get implemented.

They are highly speculative and risky, but you do have the chance to 'make it' as you will not see gains like in crypto anywhere else. I personally will take this chance over seeing 5% returns with an ISA. I am currently making 40% APY in a certain cryptocurrency and this is real money and real gains that I have actually cashed out.

Are you a bot or a real person on commission mate?

 

[DuuuncanHadaPigeon]

Are you a bot or a real person on commission mate?

Please tell me how I can be on commission for a product with no referral program and that is decentralised

 

[Bishop Thumpety-Thump]

Please tell me how I can be on commission for a product with no referral program and that is decentralised

I have little knowledge on this subject, hence my question. But this part of your post I am currently making 40% APY in a certain cryptocurrency and this is real money and real gains that I have actually cashed out read exactly like the sort of thing a bot/someone on commission might write.

 

[LinekersLegs]

Indeed. There is also a relationship with Bitfinex.

If you put two and two together when linking previous news for both and the USDT inflows to certain products...

Things start to get interesting.

Even without the rather interesting link to Bitfinex the limited info Tether do provide on their assets has red flags all over it

 

[the sniderman]

hello buddies can i trust it has been pointed out that any1 holding cryptophilia enables sex attacks on youngsters??

 

[Zatara]

Even without the rather interesting link to Bitfinex the limited info Tether do provide on their assets has red flags all over it

If you check the negative news over a period of time...you 'may' see a connection with USDT coming into the market.

I did say 'may'

 

[DuuuncanHadaPigeon]

I have little knowledge on this subject, hence my question. But this part of your post I am currently making 40% APY in a certain cryptocurrency and this is real money and real gains that I have actually cashed out read exactly like the sort of thing a bot/someone on commission might write.

I want to save people from leverage trading and keeping their money on exchanges.

 

[Bishop Thumpety-Thump]

I want to save people from leverage trading and keeping their money on exchanges.

Ok thanks for your response, HAL.

 

[DuuuncanHadaPigeon]

Ok thanks for your response, HAL.

yer I mean those bots on the one crypto page on a club football forum are really common, proper money makers

 

[LinekersLegs]

 

[Efcjake]

That's it lads. Show your tax dodging libertarian true colours.


One minute it's all "we're saving the world and feeding Africa" the next it's "sorry Mr. Tax man I lost my private key in a boating accident."

 

[Death]

Those poor children.

 

[PhilM]

That's it lads. Show your tax dodging libertarian true colours.


One minute it's all "we're saving the world and feeding Africa" the next it's "sorry Mr. Tax man I lost my private key in a boating accident."

Are you saying that people truly believe in the validity of crypto as a commodity/currency, but would refuse to pay CGT on it?