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Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Russian central bank miscalculated and parked their billions of Euro $ in EU central banks before invading Ukraine,now other central banks are buying gold and not our US debts.
Some small African countries which have stored their gold in US have asked to have them returned ,they dont trust US and EU nations anymore.
Russian central bank now holds gold,cryptos and some Chinese debt.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

russian central bank did not miscalculate , they always held less assets abroad than foreigners were holding in russia

russia has frozen a lot of foreign assets , primarily german ones , that is why the EU can not confiscate the frozen assets as germany does not allow it since german assets in russia would be confiscated in return

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

It is 300-350 billions seized,but gold is held in Russia and Chinese investments held in China.
Wonder why not buy more Swiss Franc?
Switzerland is not member of EU.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

russia had to hold reserves in the west , it could not say no because it was a part of colonial policy - all client states must keep reserves in the west but a part of reserves was removed so that the actual amount was smaller + russia had already compiled a list of entities that would be frozen after the war breaks out and the EU also already had a list - they were both preparing in advance

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Trump is pro Russia,the war could end soon.
Both sides suffer heavy casualty,I read Russia is deploying horses to avoid drone attack.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

the war will continue until final collapse of ukraine because trump is not able to end the war at conditions which russia would accept. russia wants a long term solution while trump is offering a ceasefire so that ukraine could be re-armed and war could be re-ignited in a few months time

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

long term solution? As in, ownership of ukraine?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

russians will take south east and the central ukraine , even if they do not say this publicly they will never give these territories to the west

odessa is a purely russian city founded by katherine the great , kiev this is where ancestors of a large portion of russians come from - they will never give it up

the rest can be divided between hungary , poland and romania

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

This is true and actually not spoken about enough - there is some quiet cooperation going on for territory acquisition...

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Russia dont want them ever joining NATO or even considering it, as well keeping them away from the union (EU). Even if these short-therm options Trump is trying to get right now, what will happen after he's out of office (4 years from now) - can only speculate :sleepy:

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Poland at one time disappeared from the map,but look at it now!

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Back to the crypto discussion though - you dipped your feet in yet and acquired a bit?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

there is an internal conflict taking place in the west where germany , uk and france went rouge and decided to continue the ukrainian conflict without USA

this means there is no need to wait for 4 years as trump is not able to speak for the west but only for the USA which is not enough to end the war

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

One thing Should end the war-Money,when both sides run out of money

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I have a little bitcoin and eth, nothing much though.
Are there any coins outside of the main ones that make any sense? These memecoins just seem stupid to me.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

There are some projects that actually have utility and proven themselves overtime. Some are controversial but still hold on. The big price push couple months ago for XRP & XLM was after the SEC easing on the lawsuit over XRP and the talks about those type of chains to be adopted for SWIFT. And thats just couple.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

No,I have no intention of acquiring cryptos,but I am surprised it lasts so long and so well,so keeping an eye on it,and trying to figure how it relates to other assets like gold,stocks,bonds.
It looks like ,just my own personal opinion,all the good things about Bitcoin has run its course (for the time being),people are so pessimistic with war,inflation,tariffs,loss of jobs,self esteem,that they have lost interest in just about everything but fill their stomach and pay their bills.
Dollar stores are not doing well,neither are Kohl,Macy,Irobotics,Johann,Foot locker,Nike?
I used to see AMZN Blue Care vans several times /day on my street,now I see one every few days?
I have been shopping at our local supermarket since the day it opened ,I have never seen so many markdown of meat,fish,bread,candy,cake close to expiration,and so many people using coupons (including myself)

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

bitcoin is highly inflated because it is popular , there are other cryptos that are superior to it in all areas except popularity and size of fund flows

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

All other cryptos are registered businesses though.
Bitcoin doesnt have a CEO.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I do not understand what you mean , the likes of litecoin or tron can not be frozen on the blockchain level without wide consensus , just like bitcoin

what can be frozen are derivative products , like for example USDT on TRON , that can be frozen even in cold wallets

and wide consensus would be a problem , changing things without it would destroy the token as it is impossible to do it secretly

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I think you have to clarify what you mean by SUPERIOR?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

true point about the media push...

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

superior is fast paymentS that get credited within a few seconds and low fees , close to zero fees

the problem with bitcoin is that it is bad as payment methods , transactions take about 20-40min to clear , fees may be high like the example with crypto.com where the exchange rate is very good but each BTC withdrawal costs about 38-39 USD

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

All the platforms trying to make bank on user fees and exchange rate - really kills on the low end transactions

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Gold is now over $3000
$3041.80
something fishy is going on !

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Not really fishy I'd say - just people being influenced by media and return to some "physical staples of old" such as gold for some sense of stability...one approach

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Nice little run up this month - congrats to those who profited

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

$3345 per troy ounce.
Central banks ditching US $ debt and buy gold.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

thread focusing on crypto though - just clarifying

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

crypto is often referred to as liquid gold,so it is worth comparing the two.
I track Bitcoin trying to understand why it moves up or down,now I give up trying .
Now they are trashing gold but Bitcoin is up?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

crypto is not liquid gold as a separate coin like bitcoin but it is in its entirety because unlike gold crypto can be held securely without anyone being able to seize it or without being able to find out it even exists if certain steps are taken and it can be moved worldwide within seconds

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

US treasury has some Bitcoins,where do you think it gets them if it cannot be seized.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

murdered provided a relevant aspect of crypto - i don't compare the 2 - each market has its own nuance and can be dealt with accordingly...comparing the 2 is not worth doing especially trying to form a correlation...

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

any crypto can be seized if security is not taken seriously

but if someone really want to hide it they can do it without problems , for example they can use trezor with two passwords - one to seed account and one to hidden account. the former would hold limited amounts of money ready to be seized , the latter all the rest which would not be visible to anybody even if they extort the seed phrase or break into the device and obtain the seed phrase they would not be able to access the hidden accounts and would not even know they exist

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

OKAY
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Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Are we going to a new ATH this month you think ?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

China is willing to talk and the US markets rallied.
But no firework in Cryptos and Gold?
China has been liquidating its US treasury holdings,plus other US obigations.
Japan threatens to withdraw from US treasury weekly auctions.
Both Japan and China are big buyers in our weekly auctions.
If so,then watch gold to reach higher and higher as central banks continue to add gold to their reserves.
At the same time,our Treasury would have to entice buyers by raising its interest rate higher and higher ,you figure the rest !

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Have you checked out the weekly auctions agent? Any link to share?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

You found gold in your backyard? That's pretty wild. So you ended up selling it?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

The weekly auction results can be found in next day Wall Street Journal/
US Treasury has a website called Treasury Direct where you can ask them to invest your money ,choose the type (bills,notes,bonds) and date the auction takes place,you need to add a bank account.
Interest earned will be deposited into your bank account,principal is up to you,you can specify how many times you want it to be reinvested.
Say,you are going on an Arctic exploration or African safari,you can leave your money there,if you cant trust Uncle Sam,who can you trust ?
I dont know how it works for non US citizen or non US bank?
You can go to its site and find out more.