Where did you move it?
Exchange to a cold wallet?
If you think the Fed will stop hiking, look at Bitcoin
- Thread starter Maverick2608
- Start date
Exchange to a cold wallet?
International transfers using crypto are much easier and faster then with fiat and banks; especially when customer service is poor. Request of transfer to access to funds often takes at least a week. But the biggest potential is in ownership.
you are correct (ETH 2.0), but then again said projects are not top dog either. Having said that, other projects spent tons of energy too and they've fizzled (litecoin, zcash, etc...)
This is true but to be able to convert to a currency you can spend is where it gets tricky.
Moving cash from Canada to the US is time consuming. I can buy BTC and transfer it fairly easy but I have to eat the spread when I want to spend it.
lots of Chinese nationals absconded w/their fortunes to the west away from CCP's grasp using crypto.
There are a lot of use cases for bitcoin. For westerns like (presumably) us the main use case right now is transferring value on a network nobody controls, nobody can shut down, nobody can censor you, achieve final settlement in 10 minutes, all for extremely cheap.
But for many places around the world the use case is even more obvious. Many people around the world have a big money problem. Their money inflates at a rapid pace, their country has capital controls so you can’t even move the money out if you wanted to, and in many cases it’s very difficult to transfer said money into US dollars or other assets that will not depreciate so rapidly.
For these people, and it’s not a small group, bitcoin is legit a life raft. It’s hard to understand how people still don’t get this.
But for many places around the world the use case is even more obvious. Many people around the world have a big money problem. Their money inflates at a rapid pace, their country has capital controls so you can’t even move the money out if you wanted to, and in many cases it’s very difficult to transfer said money into US dollars or other assets that will not depreciate so rapidly.
For these people, and it’s not a small group, bitcoin is legit a life raft. It’s hard to understand how people still don’t get this.
Only thing I remember about The Sting was the great Marvin Hamlisch theme music,which was actually a re-doing of the Scott Joplin original. Still stuck in my head 50 years later.
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I still remember one of the crooked marks[ crooked con victim] limping away from the horse racetrack after the fake FBI raid. The crooks never knew they were conned
They were glad to get away from what they thought was the FBI raid .
Sorry they did not have the disclosure '' horse sense is what keeps a horse from betting on a track meet''
Murry is a $$&&@“”” Bot
Jesus Christ, did any of you guys even watch the market over the weekend?
This move has nothing to do with "inflation" or some other macro BS.
USDC had 7% of it's cash reserves on SVB and everyone was afraid of USDC collapsing.
It was impossible to redeem USDC for USD as the 123 club is drowning its mediocrity in the pub over the weekend so people traded their USDC for BTC, hedged the balance with futures to stay in synthetic USD and moved the balance off exchange.
Result: the entire curve in backwardation and a face ripping move in spot.
Please guys, do your research
This move has nothing to do with "inflation" or some other macro BS.
USDC had 7% of it's cash reserves on SVB and everyone was afraid of USDC collapsing.
It was impossible to redeem USDC for USD as the 123 club is drowning its mediocrity in the pub over the weekend so people traded their USDC for BTC, hedged the balance with futures to stay in synthetic USD and moved the balance off exchange.
Result: the entire curve in backwardation and a face ripping move in spot.
Please guys, do your research