What are your thoughts on some BBs thinking CCs may hold the value for some emerging markets country's basic day to day currency exchange? This is some news I got. I don't work at these BBs, so nothing wrong with me stating this. SIL
Just wait until I ramp up the PR machine for #zcoin @SirIvyLeague So far I've only heard of Venezuela getting into this -- there might be a few others that I just missed. I plan to avoid any of those, but especially Venezuela -- currency is failing, so they created a digital currency to hopefully pay back their debt with. IMO, cryptocurrencies should be free of government control. I would not want to own one that a corrupt county like Venezuela can manipulate. @Stack24 I did hear about that, you're right. I'm not sure for the reasons on those -- of course I also verified my identity with them to increase my limits, so maybe those people did not? I honestly don't know. I think @loomdart is a rep for them on twitter that's been helping resolve these cases.
Totally see it as a viable method for countries with a highly inflationary local currency or a non-traditional economy, so these news aren't surprising to me. Japan and India are some of the countries that started this trend, I think we'll see the Asian and South American markets heavily investing into crypto in upcoming years. Right now the tech isn't ready for a mass scale use so it will take time of course.
Has been heavily hyped recently, was likely to break out sooner or later. Kind of annoying, I can somehow always see coins being ready for a breakout but don't buy them. Should really trust my gut instinct more, I totally saw this, Einsteinium, Verita and Monaco going nuts but they weren't talked about as much as the safer picks. Maybe I should make a business out of this and be the Nostradamus of Crypto.
Yeah man, so true. I guard myself hard against fomo: I thought IOTA train was stopping weeks ago. So much for that, ha. We're in the same boat.
Anyone else invest in Monero(XMR) I bought some earlier and they have a lot of potential, especially being that transactions are untraceable. just signed a deal with some artists that will accept it. Pissed cause I opened the accounts to buy this coin specifically when it was $82, but all the damn verifications and deposits didn't give me a chance to buy till it hit $169. I am friends with one of their founders/developers so I felt I should buy. Now I just wish i bought more. https://www.forbes.com/sites/lauras...such-as-mariah-carey-g-eazy-sia-for-holidays/
It is probably the best privacy coin and has been strong for a long time now, everyone should probably hold it. My only issue is the 100% privacy thing. Have said it before, this could be dangerous territority and I (and also much more qualified people who work in regulation) can see governments going hard on this with bans.
I'm wondering if we'll see a moon in privacy coins as tax season rolls around @Stack24 . Monero is largely considered one of the top privacy coins, it's a good investment IMO.
So for the sake of discussion, if they got banned in the US or somewhere else we could still get the coin if we really wanted through places that can exchange coins like shapeshifter etc. Just buy a legal coin like BTC and shift it into Monero to get what you wanted or hold etc. Maybe the country just regulates the exchanges to not sell XMR in whatever country, but there will be ways around it. Just my belief. There will always be a way.
also, remember, no matter how sophisticated you secure your coins, there is always the so-called $5 wrench hack meaning, someone with $5 wrench could beat it out of you so keeping a low profile is part of keeping it secure
Governments can regulate, they really can't ban. Essentially they can give local based exchanges hard time or even shutting them down but they can't stop citizens from holding private wallets with a currency on it. The issue is most stable governments are not going to like these types of currencies and it will be risky to trade on sketchy exchanges. There will always be something out there that will allow a person to mask their transactions.
I know, said this in another comment. But as you said, there's risk involved in trading this and I don't think it's worth it unless you're trying to hide millions of dollars.
I'd subscribe. I know my 2018 investing strategy. 75% of monies 40/30/30 BTC/LTC/ETH 25% of monies 40/30/30 in 3 cheapest CCs. Sit back and watch. SIL
Thought you and me would keep this strategy a secret until more guys here opened up about their portfolios. How are we going to do this now with them being on alert?
I mean some BBs are ready for their FX traders to literally have to be a CC/FX trader. They don't want to short the currency super aggressively (first), cause then the countries played that into their hand but man this will be fun spec. How do I buy these Southeast Asian cryptocurrencies? SIL
While I think a terrorist attack could be a pretense for banning bitcoin, the real threat is that it replaces fiat currency.
