BITCOIN
POST ALL YOUR LINKS, COMMENTS, AND QUESTIONS PERTAINING TO BITCOIN IN HERE.
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POST ALL YOUR LINKS, COMMENTS, AND QUESTIONS PERTAINING TO BITCOIN IN HERE.
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Bitcoin ETFs are getting dangerous already raising over $1b in a few days. Hype is leading to a massive bull run. Important to note ETFs have no price impact on Bitcoin as none of the funds actually reach an exchange.
They're speculating on price and crashes will bet billions of profits to private firms and not Bitcoin investors.
I rekon a massive price correction will occur and wipe billions. I see there is some price action in alts so we might already be underway.
I really don't understand the futures market and how it would effect the price at all. I guess that's a project for another day. But since it never touches Bitcoin I'm trying to see why an ETF was so important to so many people if that's the case.
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Futures market is similar to options where you bet on the price (up or down). You pay a premium for the time and the value, time and volatility at that point in time. So in a way if you bought BTC, you would get a normal 1x on your money. While in the terms of futures, it is now like 5x or even 10x.
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so they are just gambling. how interesting. Gambling is a bad habit, one that sticks for long. So i am not expecting any of the speculative craze to go away anything soon. People don't mind losing money when there is the prospect for more
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I made a short video on it Here
Effectively its giving mainstream access as in the US investing directly into bitcoin on an exchange is still not legal.
It's creating a middle man and if it fails the cash doesn't go to block chain asset investors but profits of the Bankers and effectively the tax man.
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50 sleeping Bitcoin are moved.
Does this mean anything? Hard to tell but always interesting to follow.
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I don't think it means anything but maybe he found his keys?
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Bitcoin ATMs keep expanding throughout Central and South America.
Each one of these that goes out is another feather in the battle against the establishment. It also puts the name Bitcoin in front of more people.
We just need to keep expanding in every direction.
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It depends but the fees from the ATMs make it tough I think. I think Walmart put some BTC ATMs out but there is like a 11% fee for your change to be converted.
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Coinstar charges 8.9% for each dollar of USD coins fed into the machine. If you give it USD 100, Coinstar keeps USD 8.90. If you give it USD 1K, Coinstar keeps USD 89.00. That Coinstar fee gets expensive after a while.
If the Bitcoin ATMs charge similar fees, that could be a turn off to some people who have BTC.
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I am pretty sure it has similar fees if you consider how you pay for convenience and for it to be anonymous.
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Could El Salvador do something like this using Bitcoin?
Iceland could follow Canada's lead here.
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