Consolidated Crypto Traders/Chat Thread

Facebook's Globalcoin doesn't compete with crypto, it's not designed to, it competes with Paypal and banks.
Watch and learn

 

If it provides an easy public portal into bitcoin then it could be good for the next bubble (whenever that is). That is, 2 billion people able to FOMO in at once..

 

Facebook's Globalcoin is not related to crypto, it does not satisfy the 5 pillars of open blockchains: open, public, borderless, impartial, and censorship resistant.

Globalcoin provides no portal to Bitcoin, it's designed to compete with PayPal and banks. It's not even relevant to this thread other than to correct public misinterpretation.

 

Most people will use Facebook global coin it'll be too easy.

I work in a group of 8 guys and we have a messenger chat for banter and actual work related chatter, we pool money for meals every now and then plus lotto etc.

Imagine how easy it'll be if we could all press a button to send money to one person within the existing group chat?

Lotto disputes who put in who didnt? That's like block chain married to a perfect use case scenario, although the block chain isnt really that relevant here.

I think people don't really grasp wlhow much"use case" this coin will recieve, Facebook already has the infrastructure that's why it'll succeed.

Speculating on cryptocurrency is an entirely different market, maybe Facebook will open a crypto exchange that would be extremely bullish for the market, if I was zuckerburg that's exactly what Id do, surely the success of Binance is too big to ignore.

If you speculated that Facebook will open an exchange picking the major coins that are government friendly it'd be hard to go wrong.

 

Yeah hard not to see a facebook coin being huge. I don't think they'll open their own exchange though as they're partnered with coinbase. I'm just hoping coinbase have a 'sign up with facebook' button.

Tor makes it very hard to tell where the request originated, it's not that hard to tell if it went exited through a tor server. Regardless, in this situation the onus has been on the exchange to ensure they don't allow US citizens. If it's easy to bypass they're screwed. I'd put odds of over 50% that binance will force kyc on everyone to ensure they're compliant in the next 90 days. So if you are using binance and dont want to kyc, get your funds off now.

 

Your quoting the wrong person, I already said I don't think it is.

Read and Learn

 

Coinbase is a partner. But no, not related to crypto at all.

As always, nice to see your 5 pillars of condescending Dunning-Kruger bullshit.

 

Your comprehension of crypto is lacking, so are your forum manners.
You can go back on my ignore list

 

Your attempts to portray yourself as a Youtube scholar in finance have shown time and time again to be a shallow veneer of regurgitated soundbites with no grounding in context or common sense.

Your standard manner of patronising "you don't understand! You haven't seen the Youtube videos I have!!!!" brings nothing productive to this topic in my opinion.

Bye.

 

Zcash (ZEC) jumped up 10% today, apparently some new client wallet written in rust was released today, and the market reacted favorably.

 

Facebook's Libra (will be so many jokes about this name in Aus) coin has launched today, full release sometime in 2020. Pretty much as expected, non-volatile transaction based coin. https://libra.org/en-US/ Good early somewhat technical read about it here : https://medium.com/@lopp/thoughts-on-libra-blockchain-49b8f6c26372.

I expect more good news to drive Zcash up over the next year or so up until it's blockhalving late next year. This is partially because of the timing of the previous release of bad news I posted about here. It's such a classic shakeout tactic and gives me a lot of faith that someones bought in big. That the exact day of that bad news release by the Zcash team themselves is a 2 year bottom in USD (now up around 125% in the 4 months since), it's just too much of a coincidence.

 

Whoop-de-shit, this "released a new wallet omg the price went up" bullshit is such a wanky metric. I mean yay, they're maintaining the bare basics of infrastructure required to run a coin, good on them.

 

It's interesting to compare in $US, the value of the most popular fiat and crypto currencies in circulation (M0 money supply). You can find a list here https://bitgur.com/ig/money-supply for some reason they left out the elephant in the room, gold, which is way ahead of ANY currency in circulation. Perhaps the M0 definition excludes it.

 

Starting to feel like a proper crypto rally

 

Watch the alts sitting at 50+ on CMC crash as people sell to buy Btc.

 

Thinking/hoping we are at a stage more like Dec 2017 for altcoins, altcoins /btc ratio dropped hard for 6 months leading up to Dec17 but the bitcoin pump eventually pretty much forced USD altcoin breakouts. Then people fomoed in hard...best not to talk about what happened next.

 

Over $10k for BTC

 

Here’s hoping this holds up and isn’t just a bull trap to then fall back down for another 12 months

 

BTC just broke $11k, good to see.
$US is down, gold is up, the US is doing stupid things that are hurting faith in the dollar.
Italy is threatening another bail in to fund the banksters, this time raiding safety deposit boxes to take 15% of the value or more.

Seems to be a race to the bottom with global interest rates, that could be good for crypto as a safe haven.

 

No serious investors are putting money into BTC, it's just to volatile.