The use of crypto for purchasing contraband basically.
I’m on my second black.
The use of crypto for purchasing contraband basically.
I’m on my second black.
Why would you instead of using cash? That’s already anonymous.
Having your record of payment in a public ledger doesn’t seem the smartest move.
Larger market more options/choices, geography doesn’t pose a boundary. Look at silk road. Cash you have to meet, post the mail man is the intermediary.
If you are talking the big money in drugs then yes crypto might be a good alternative to HSBC or carrying big briefcases full of cash.
Are you suggesting that having another payment option is going to increase drug usage? Or are you saying they will be harder to track?
Harder to track, monitor and I’d argue would increase supply.
Well that’s a can’t see until if that happens if it makes it harder or easier for investigators to monitor wallets.
A bit of FUD imo, I didn’t know you were so caring.
What is FUD only FUD I know is the stuff I eat. Which is only the meat from a fresh carcuss I’ve hunted and slain, usually with my bare hands I’ll have you know.
Well, you two have certainly provided a nice light morning read
Another news story release China bans bitcoin for the fourteenth time.
at somepoint dumb retail need to get smarter.
It does also highlight how fickle a large portion of the type of investors in crypto must be. Do you think it’s made up of a lot of FOMO investors? Opposed to investors who are in for the long haul?
I just earned $3 in Polygon coins. Unfortunately my small investment to bitcoins and variations is down, but my collection of different ones is growing.
On Coinbase? I just did a quick few minutes quiz to earn 3 dollars in Skale and Amp, whatever the hell they are. I converted them instantly to 5 euro and sent it to my bank. All in under 10 mins.
Do the papa John’s deals aswell!
Thanks foe the heads up. I’ll do it now.
on coinbase you can see the ‘typical hold time’ for coins, I think most are in it for the short term if these are correct…
bitcoin - 54 days
ethereum - 42 days
cardano - 14 days
litecoin - 73 days
eos - 13 days
ether classic - 14 days
stellar lumens - 16 days
tether - 1 days
Unfortunately a huge portion are dumb retail, they are the ones that lose their ■■■■ at every story and smash the sell button.
We now have a case where whales, billionaires, institutions want in to Bitcoin and Crypto but want the price as low as possible before it gets too high.
It’s incredibly easy for one tweet to wipe off thousands which can be 100 billion gone in minutes.
Dan Pena - Zero
Michael Burry - Zero
China - Zero
Tariq Tesco’s - 100k
Bob the builder - 200k
Cathie can’t see the wood for the trees - 500k
Take your pick
I’ll take 500k
I think China is quite a good portion atm.
As more and more new retailers are flooding crypto its a hard thing to wish, but I agree Phil ^^