|
Post by staffordshrew on Feb 23, 2021 13:14:04 GMT 1
|
|
|
Post by zenfootball2 on Feb 23, 2021 14:06:25 GMT 1
both should be investigated , the first should not be allowed to be in any finacial sector untill cleard, the second seems a very worrying development and probably very tempting to people with a poor credit history
|
|
|
Post by staffordshrew on Feb 23, 2021 14:13:05 GMT 1
both should be investigated , the first should not be allowed to be in any finacial sector untill cleard, the second seems a very worrying development and probably very tempting to people with a poor credit history Just to clarify it's not the people who have a buy2let car that will lose, it's the investors, who were sold a "risk free!" 7 to 11% return who will probably lose money.
|
|
|
Post by zenfootball2 on Feb 23, 2021 14:36:37 GMT 1
both should be investigated , the first should not be allowed to be in any finacial sector untill cleard, the second seems a very worrying development and probably very tempting to people with a poor credit history Just to clarify it's not the people who have a buy2let car that will lose, it's the investors, who were sold a "risk free!" 7 to 11% return who will probably lose money. thanks for that well then buy2let should not be allowed to walk away from this
|
|
|
Post by staffordshrew on Feb 23, 2021 14:43:42 GMT 1
Just to clarify it's not the people who have a buy2let car that will lose, it's the investors, who were sold a "risk free!" 7 to 11% return who will probably lose money. thanks for that well then buy2let should not be allowed to walk away from this Standard practice: You go bust big, leaving all those investors losing their savings, you dust yourself down, then you have the brazen cheek to start up again. Investor beware!
|
|
|
Post by zenfootball2 on Feb 23, 2021 14:44:52 GMT 1
thanks for that well then buy2let should not be allowed to walk away from this Standard practice: You go bust big, leaving all those investors losing their savings, you dust yourself down, then you have the brazen cheek to start up again. Investor beware! which is why it should be investigated.
|
|
|
Post by martinshrew on Apr 6, 2021 21:59:07 GMT 1
How did the Ripple thingy go...? I only follow bitcoin! Some very good news in the lawsuit, all positive. Oh, and XRP up from $0.40 to over $1 now.
|
|
|
Post by PeterBroadbent on Apr 7, 2021 9:16:55 GMT 1
Sounds positive for Ripple.
Coin holding steady at £42K!! :-)
|
|
|
Post by martinshrew on Apr 13, 2021 19:27:20 GMT 1
Sounds positive for Ripple. Coin holding steady at £42K!! :-) Just hitting $1.90 I'm starting to dream! $10 would be semi life changing for me 🤞
|
|
|
Post by PeterBroadbent on Apr 13, 2021 19:59:36 GMT 1
Sounds positive for Ripple. Coin holding steady at £42K!! :-) Just hitting $1.90 I'm starting to dream! $10 would be semi life changing for me 🤞 It'll work. Hold steady! Eye watering one hopes!!
|
|
|
Post by martinshrew on Oct 20, 2021 15:37:14 GMT 1
Sounds positive for Ripple. Coin holding steady at £42K!! :-) Just breached it's all time high of $66k again after retracing to below $36k a few months back. Happy Halloween!
|
|
|
Post by frankwellshrews on Dec 4, 2021 14:46:48 GMT 1
Back at sub $50k today after a spectacular 13% drop in under 24 hours. Other coins suffering too.
Coincidence that yesterday was tether's deadline to respond to the US Senate? There was a localised crash in India last week in response to the news the Indian government is likely to legislate against crypto.
Interesting times ahead?
|
|
|
Post by staffordshrew on Dec 4, 2021 16:08:57 GMT 1
20 years since Enron failed. Another failure will be along soon....
|
|
|
Post by frankwellshrews on Dec 4, 2021 16:25:14 GMT 1
20 years since Enron failed. Another failure will be along soon.... Great shout, tether has the potential to be this generation's Enron (or is Madoff a more apt comparison?)
|
|
|
Post by martinshrew on Dec 4, 2021 16:49:35 GMT 1
Back at sub $50k today after a spectacular 13% drop in under 24 hours. Other coins suffering too. Coincidence that yesterday was tether's deadline to respond to the US Senate? There was a localised crash in India last week in response to the news the Indian government is likely to legislate against crypto. Interesting times ahead? Not sure if your head is buried in sand, or you just have something against Crypto? Have you noticed practically everything has dropped, including Apple, Microsoft and tonnes of other huge companies. It's mainly due to Omicron and negative COVID sentiment in the US. India constantly threaten to ban Crypto, it's never happened as yet. Time to go shopping, some nice dips. Greedy when others are fearful!
|
|
|
Post by frankwellshrews on Dec 4, 2021 17:12:01 GMT 1
Back at sub $50k today after a spectacular 13% drop in under 24 hours. Other coins suffering too. Coincidence that yesterday was tether's deadline to respond to the US Senate? There was a localised crash in India last week in response to the news the Indian government is likely to legislate against crypto. Interesting times ahead? Not sure if your head is buried in sand, or you just have something against Crypto? Have you noticed practically everything has dropped, including Apple, Microsoft and tonnes of other huge companies. It's mainly due to Omicron and negative COVID sentiment in the US. India constantly threaten to ban Crypto, it's never happened as yet. Time to go shopping, some nice dips. Greedy when others are fearful! The major indices are down about 0 - 1%. Bitcoin is down 10 still. Altcoins more. Second time in a fortnight, and bottomed the crypto market faired far worse than stocks. At best it's indicative of a totally of liquidity in the market, at worst it's insiders heading for the exits before tether gets stamped on. Neityer outcome is particularly good. I do have something against crypto in that there's clearly a fairly monstrous fraud at the heart of it, which appears to be slowly unravelling before our eyes (that and the whole utterly pointless environmental damage thing). Ignoring that is the real "head in the sand".
|
|
|
Post by martinshrew on Dec 4, 2021 17:20:29 GMT 1
Not sure if your head is buried in sand, or you just have something against Crypto? Have you noticed practically everything has dropped, including Apple, Microsoft and tonnes of other huge companies. It's mainly due to Omicron and negative COVID sentiment in the US. India constantly threaten to ban Crypto, it's never happened as yet. Time to go shopping, some nice dips. Greedy when others are fearful! The major indices are down about 0 - 1%. Bitcoin is down 10 still. Altcoins more. Second time in a fortnight, and bottomed the crypto market faired far worse than stocks. At best it's indicative of a totally of liquidity in the market, at worst it's insiders heading for the exits before tether gets stamped on. Neityer outcome is particularly good. I do have something against crypto in that there's clearly a fairly monstrous fraud at the heart of it, which appears to be slowly unravelling before our eyes (that and the whole utterly pointless environmental damage thing). Ignoring that is the real "head in the sand". They're down further than 1%, that's for sure, particularly US stocks which is the main interest area for crypto still (most unfortunately!) I guess like you said previous, we'll see what happens. There's many more bull runs to come in my mind.
|
|
|
Post by frankwellshrews on Dec 4, 2021 17:31:50 GMT 1
The major indices are down about 0 - 1%. Bitcoin is down 10 still. Altcoins more. Second time in a fortnight, and bottomed the crypto market faired far worse than stocks. At best it's indicative of a totally of liquidity in the market, at worst it's insiders heading for the exits before tether gets stamped on. Neityer outcome is particularly good. I do have something against crypto in that there's clearly a fairly monstrous fraud at the heart of it, which appears to be slowly unravelling before our eyes (that and the whole utterly pointless environmental damage thing). Ignoring that is the real "head in the sand". They're down further than 1%, that's for sure, particularly US stocks which is the main interest area for crypto still (most unfortunately!) I guess like you said previous, we'll see what happens. There's many more bull runs to come in my mind. There'll be bull runs until global regulatory agencies stop being asleep at the wheel and actually do something about market manipulation via stablecoins. Given the price is simply a function of how much made up monopoly money insiders want to pump in at any given time it means nothing. The only thing that matters is whether you can cash out. Since we last sparred on this topic, we've seen; - US Senate now taking an interest in tether, setting a deadline of this week for tether to respond, specifically asking about the process of minting tethers, redeeming them and whether some exchanges get special treatment. If they don't respond, which i suspect they haven't, the next stage is for them to be subpoenad. - Cornel University publishes a paper concluding that the volume of wash trading on unregulated exchanges (ie most of them, including Binance and Bitfinex, both of whom were in their sample) is 70-80% of total volume. - India (the world's second most populous country and one of the largest economies) starts the process of legislating to ban crypto, sending prices on local exchanges crashing. - another $50m hack on some DeFi thing. - prices crash 5%+ twice. Store of value? Safe haven asset? Not acting that way. It's a horrorshow for crypto right now. As you say, "we'll see", but I don't think it's ne eith my head in the sand.
|
|
|
Post by martinshrew on Dec 5, 2021 0:21:46 GMT 1
They're down further than 1%, that's for sure, particularly US stocks which is the main interest area for crypto still (most unfortunately!) I guess like you said previous, we'll see what happens. There's many more bull runs to come in my mind. There'll be bull runs until global regulatory agencies stop being asleep at the wheel and actually do something about market manipulation via stablecoins. Given the price is simply a function of how much made up monopoly money insiders want to pump in at any given time it means nothing. The only thing that matters is whether you can cash out. Since we last sparred on this topic, we've seen; - US Senate now taking an interest in tether, setting a deadline of this week for tether to respond, specifically asking about the process of minting tethers, redeeming them and whether some exchanges get special treatment. If they don't respond, which i suspect they haven't, the next stage is for them to be subpoenad. - Cornel University publishes a paper concluding that the volume of wash trading on unregulated exchanges (ie most of them, including Binance and Bitfinex, both of whom were in their sample) is 70-80% of total volume. - India (the world's second most populous country and one of the largest economies) starts the process of legislating to ban crypto, sending prices on local exchanges crashing. - another $50m hack on some DeFi thing. - prices crash 5%+ twice. Store of value? Safe haven asset? Not acting that way. It's a horrorshow for crypto right now. As you say, "we'll see", but I don't think it's ne eith my head in the sand. ETH up 1% this week, Bitcoin down 7% on the weekly chart. Not quite the narrative of negativity some would have liked. There's no doubt security issues and rug pulls, you have to complete due diligence on newer projects. As I keep saying, we'll see what happens. There's some incredible projects around.
|
|
|
Post by staffordshrew on Mar 19, 2022 12:43:54 GMT 1
So, is this a loophole that needs closing or isn't it?
"Another method for Russians to seemingly make transactions or savings is through the cryptocurrency market. Analysts interpreted the record-breaking crypto trading volume in Russia in recent weeks as a reflection of this demand. The world's largest cryptocurrency exchange Binance and Europe's largest, Kraken, have not yet closed their platforms to Russians. And it is still possible for them to trade with rubles on these systems.
Russians can send cryptocurrencies from any country in the world to any other country without entering the banking system. It is possible to convert the crypto money they buy from Russia in rubles to dollars and buy from the stock market in Europe or from global stock markets".
|
|
|
Post by frankwellshrews on Mar 19, 2022 13:35:40 GMT 1
So, is this a loophole that needs closing or isn't it? "Another method for Russians to seemingly make transactions or savings is through the cryptocurrency market. Analysts interpreted the record-breaking crypto trading volume in Russia in recent weeks as a reflection of this demand. The world's largest cryptocurrency exchange Binance and Europe's largest, Kraken, have not yet closed their platforms to Russians. And it is still possible for them to trade with rubles on these systems. Russians can send cryptocurrencies from any country in the world to any other country without entering the banking system. It is possible to convert the crypto money they buy from Russia in rubles to dollars and buy from the stock market in Europe or from global stock markets". Where's that quote from? PayPal, swift etc are all closed off to Russians so even if you could do a crypto transaction via an exchange you can't get the money out so the loophole should be closed. The bitcoin market has largely tanked since the war began. There's no real evidence that Russians have decamped to crypto enmasse.
|
|
|
Post by staffordshrew on Mar 19, 2022 13:50:15 GMT 1
So, is this a loophole that needs closing or isn't it? "Another method for Russians to seemingly make transactions or savings is through the cryptocurrency market. Analysts interpreted the record-breaking crypto trading volume in Russia in recent weeks as a reflection of this demand. The world's largest cryptocurrency exchange Binance and Europe's largest, Kraken, have not yet closed their platforms to Russians. And it is still possible for them to trade with rubles on these systems. Russians can send cryptocurrencies from any country in the world to any other country without entering the banking system. It is possible to convert the crypto money they buy from Russia in rubles to dollars and buy from the stock market in Europe or from global stock markets". Where's that quote from? PayPal, swift etc are all closed off to Russians so even if you could do a crypto transaction via an exchange you can't get the money out so the loophole should be closed. The bitcoin market has largely tanked since the war began. There's no real evidence that Russians have decamped to crypto enmasse. I didn't quote the source as it's mainly about Russians opening Turkish bank accounts. Russians rush to open bank accounts in Turkey to protect savings This isn't about "Oligarchs" - this is about ordinary Russians with savings who are moving themselves out of Russia. I don't alledge that Crypto is in the wrong on this, but it's always worth asking the question and making sure no loopholes in the West's intentions with sanctions exist.
|
|
|
Post by martinshrew on Mar 19, 2022 14:06:20 GMT 1
So, is this a loophole that needs closing or isn't it? "Another method for Russians to seemingly make transactions or savings is through the cryptocurrency market. Analysts interpreted the record-breaking crypto trading volume in Russia in recent weeks as a reflection of this demand. The world's largest cryptocurrency exchange Binance and Europe's largest, Kraken, have not yet closed their platforms to Russians. And it is still possible for them to trade with rubles on these systems. Russians can send cryptocurrencies from any country in the world to any other country without entering the banking system. It is possible to convert the crypto money they buy from Russia in rubles to dollars and buy from the stock market in Europe or from global stock markets". Where's that quote from? PayPal, swift etc are all closed off to Russians so even if you could do a crypto transaction via an exchange you can't get the money out so the loophole should be closed. The bitcoin market has largely tanked since the war began. There's no real evidence that Russians have decamped to crypto enmasse. Correct, they'll struggle to get large sums out of Crypto and back into fiat. You can say "Bitcoin market" has tanked, but name me something that hasn't from stocks, pensions etc. It'll cycle back round. I can give you a referral link to Coinbase if you fancy some free Crypto 😉👍
|
|
|
Post by frankwellshrews on Mar 19, 2022 14:10:48 GMT 1
Where's that quote from? PayPal, swift etc are all closed off to Russians so even if you could do a crypto transaction via an exchange you can't get the money out so the loophole should be closed. The bitcoin market has largely tanked since the war began. There's no real evidence that Russians have decamped to crypto enmasse. I didn't quote the source as it's mainly about Russians opening Turkish bank accounts. Russians rush to open bank accounts in Turkey to protect savings This isn't about "Oligarchs" - this is about ordinary Russians with savings who are moving themselves out of Russia. I don't alledge that Crypto is in the wrong on this, but it's always worth asking the question and making sure no loopholes in the West's intentions with sanctions exist. I'll be honest I'm hugely skeptical of about 90% of media about crypto; it's either ill informed or actively shilling for bitcoin (looking at you, Forbes). There was a brief spike in crypto markets the Sunday before sanctions over but it was mostly speculation based on the assumption that there would be a deluge of demand from Russia but that hasn't really materialised.
|
|
|
Post by frankwellshrews on Mar 19, 2022 14:18:50 GMT 1
Where's that quote from? PayPal, swift etc are all closed off to Russians so even if you could do a crypto transaction via an exchange you can't get the money out so the loophole should be closed. The bitcoin market has largely tanked since the war began. There's no real evidence that Russians have decamped to crypto enmasse. Correct, they'll struggle to get large sums out of Crypto and back into fiat. You can say "Bitcoin market" has tanked, but name me something that hasn't from stocks, pensions etc. It'll cycle back round. I can give you a referral link to Coinbase if you fancy some free Crypto 😉👍 Gold (ironically). And I'll pass on coinbase, thanks. Aside from the fact you don't generally have to give away groundbreaking tech for free (anyone remember when Steve Jobs "airdropped" iPhones to get people interested? Me neither), generally speaking if you're getting something for free, you are the product (something to think about next time coinbase charges you 7% to buy some made up monopoly money). Besides, if I wanted to destroy the environment for no good reason it'd be quicker, cheaper and less hassle to just cut out the middleman and burn down some trees.
|
|
|
Post by martinshrew on Mar 19, 2022 14:23:49 GMT 1
Correct, they'll struggle to get large sums out of Crypto and back into fiat. You can say "Bitcoin market" has tanked, but name me something that hasn't from stocks, pensions etc. It'll cycle back round. I can give you a referral link to Coinbase if you fancy some free Crypto 😉👍 Gold (ironically). And I'll pass on coinbase, thanks. Aside from the fact you don't generally have to give away groundbreaking tech for free (anyone remember when Steve Jobs "airdropped" iPhones to get people interested? Me neither), generally speaking if you're getting something for free, you are the product (something to think about next time coinbase charges you 7% to buy some made up monopoly money). Besides, if I wanted to destroy the environment for no good reason it'd be quicker, cheaper and less hassle to just cut out the middleman and burn down some trees. You get a bit of free crypto for watching educational videos, it's not much, I've had about £50 or £60, better than a kick in the knackers and some education to boot. I was only messing though, I know you're quite anti-crypto and that's cool.
|
|
|
Post by frankwellshrews on Mar 19, 2022 14:36:04 GMT 1
Gold (ironically). And I'll pass on coinbase, thanks. Aside from the fact you don't generally have to give away groundbreaking tech for free (anyone remember when Steve Jobs "airdropped" iPhones to get people interested? Me neither), generally speaking if you're getting something for free, you are the product (something to think about next time coinbase charges you 7% to buy some made up monopoly money). Besides, if I wanted to destroy the environment for no good reason it'd be quicker, cheaper and less hassle to just cut out the middleman and burn down some trees. You get a bit of free crypto for watching educational videos, it's not much, I've had about £50 or £60, better than a kick in the knackers and some education to boot. I was only messing though, I know you're quite anti-crypto and that's cool. "Education"
|
|
|
Post by martinshrew on Mar 23, 2022 9:52:31 GMT 1
|
|
|
Post by staffordshrew on Mar 23, 2022 13:29:42 GMT 1
A train has derailed in Newcastle causing widespread disruption to the transport network during rush hour.
|
|
|
Post by martinshrew on Mar 23, 2022 13:47:45 GMT 1
A train has derailed in Newcastle causing widespread disruption to the transport network during rush hour. Not the crypto train 😂📈
|
|