This is why I only set the Vechain chart to October 2017-January 2018. Ah, so beautiful, oh dear. *peacefully falls asleep*
lol. Stop mocking it. I still own my shares. In other crypto news, I saw that Facebook is about to launch a very scaled-back version of their Libra coin possibly in January. I'm just waiting to avoid having to use stupid paper/coin currencies and switch to digital currencies.
Singapore is pushing for digital money, but I suspect it's more to do with eliminating tax evasion and getting control over transactions. I dread the day we go full digital.
FOMO got me a bit on this today, not gonna lie - buying and selling like a rookie. But it should break 20k this year.
The market could turn a bit into a rollercoaster for now, with violent candles on both ends, so I wouldn't fomo buy or panic sell too hard and just do some planned buying for now. Especially alts should go hard if BTC doesn't crash, so many yet to recover from their lows and just beginning a reversal.
@Commodore and his family on CNBC : This family bet everything on bitcoin when it was $900 – and bought more when it crashed in 2018 https://www.cnbc.com/2020/12/03/bit...and-savings-in-bitcoin-ethereum-litecoin.html
China’s digital yuan is beginning its assault on the world’s biggest mobile wallets https://qz.com/1942470/chinas-digital-yuan-begins-assault-on-alipay-and-wechat-pay/ This is the scary ish that I'm afraid of. W/O paper $ the man will have 100% control over fiat, and I don't see fiat going away. @Dream Sequence food for thought on your BABA entry. It's clear they don't want to end up with a FAANG situation where corporations have more power than the gov. Tencent is an easy hold for me as I bought in much lower, but if I was entering today I would have to think twice - go with the 2 leaders or pick a smaller competitor that could benefit from the current scrutiny: https://qz.com/1945689/china-fires-fresh-shot-at-alibaba-tencent-over-internet-monopoly/
Yeah, I think this was announced a week or two ago. They're still in a trial stage, but it's on a city-level from what I recall. This is what I thought would happen eventually even with the dollar, too. The US has been bouncing around projects like the Digital Dollar Project and of course Facebook has its Libra. There is no major power in the world that doesn't want to have control over its financial institutions/currency, so they're not about to let dogecoin take over the planet. lol. If bitcoin actually gained any power, it would probably be squashed.
Countries developing their own state issued crypto isn't really a threat unless it has the inherent features that made crypto popular in the first place, but if that ever comes to pass it means we achieved the goal that was set out to begin with so everyone wins anyway.
i don't see state crypto as a threat to btc as a store of value; but i don't see btc replacing fiat either. the bad thing is that digital fiat will take on the powerful properties of cryptocurrencies to reduce freedom. every transaction tied to your identity, the temptation would be too great; every transaction will be tracked or even limited/denied. you've bought too many sugary drinks this month, subsidized treatments for diabetes costs each taxpayer $x a month, transaction denied, etc. maybe not in the usa, but i can see this proliferating in other countries i already see government trying to influence spending habits by taxing things they don't like (alcohol/cigs) and then giving rebates/credits for certain types purchases, with digital currency this can go into overdrive.
