If CASH was banned and only credit cards and bank accounts were used that would also largely resolve the problems. No talk of dumping cash but it really is an obsolete concept compared to BTC.
Cashless society = Digital money. Bitcoin will be in real trouble.
The debate is still on-going if large investments from institutional firms, would be good or bad for Bitcoin in the long run. Some are saying it will bring more volatility and others are just happy that the price will probably go to the Moon.
Institutional investors will be the BIG losers. They are only making early bitcoin investors rich.
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BoardEconomics
Re: Repeating of all time high has begun
by
Leh-Meh
on 19/06/2019, 19:58:56 UTC
Bitcoin is going back to $5000. Money will go to Gold. Look at Iran and middle east situation.
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BoardEconomics
Re: LIBRA: SHOULD INVEST IN THE CRYPTOMONNAIE OF FACEBOOK?
I doubt it will be a failure considering how many big names they have behind and even if they didn't, it's fricking facebook. Their stocks already reacted really positively to it, 10% gains in 3 days and how are they going to fail anyways? A lot of noobs will certainly use it and buy it even if they don't know anything about cryptos.
Anil Ambani was 6th richest man in 2008. Few months back, Mukesh Ambani paid $80 million so that Anil Ambani does not go to jail for non-payment.
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BoardBitcoin Discussion
Topic OP
US Congressman introduced a bill to ban Bitcoin
by
Leh-Meh
on 19/06/2019, 19:36:48 UTC
Bitcoin Threatens To 'Take Power' From The U.S. Federal Reserve
Bitcoin has long been called a threat to the existing financial system and the central banks that run itthough these claims have in the past been largely fringe ideas.The bitcoin price, now hovering around $8,000 per bitcoin, double what it began the year at, is often closely tied to public awareness of cryptocurrencies and the latest bitcoin bull run beginning in early April re-started the public debate on bitcoin.
Now, U.S. Democrat Congressman Brad Sherman has urged his colleagues to consider banning bitcoin and cryptocurrencies due to the threat they pose to U.S. international financial power, saying bitcoin needs to be "[nipped] in the bud."
Re: LIBRA: SHOULD INVEST IN THE CRYPTOMONNAIE OF FACEBOOK?
by
Leh-Meh
on 19/06/2019, 19:31:27 UTC
Just like electric cars, Libra will be a failure. All the hype from those MBAs and CAs who waste people's hard earned money promoting nonsense products.
Lot of them but it varies from people to people,some people who afraid of height consider working in the heights as most dangerous job and some people who afraid of getting shocked thinks that working as electrician as dangerous job and this goes on.
Wildlife photography would win for most dangerous jobs. See many stories posted in this thread.
The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
only laws of demand and supply apply to world economy. More demand than supply, prices goes up. More supply than demand, price falls.
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BoardEconomics
Re: Bitcoin believers/investors are foolish or low IQ people ?
Those people are just some dumbs who lost money due to joining the market in the all time high. However, I don't agree with you that Bitcoin can be both a global currency and an alternative to Gold or Silver. It should be the one or the other.
Bitcoin will get banned if money laundering and ponzi increases from Bitcoin. Without centralization Bitcoin will not get legal status.
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BoardEconomics
Re: FACEBOOK COIN (LIBRA) , VISA AND MASTERCARD- My take
So much attention to the token that has not yet embroidered. Personally, I will not use a centralized currency. If I needed centralization, I would not come to a cryptocurrency.
Without centralization Bitcoin will not get legal status. Bitcoin will get banned if money laundering and ponzi increases from Bitcoin
as far i know , the goverment of india is banned bitcoin because of something , but just lets hope they can consider about that choice in the future
India is famous of big scammers and billionaire scammers, so Indian government will mostly put Bitcoin under strict law thereby killing Bitcoin by 80%.