Somewhere between hope & optimism. Thing's aren't as bubblicious as Jan 2018, imo. It's the insto's driving the price this time & they'll be the deciding factor on where this goes.
ill do something more in depth later, but simply join ftx.com and deposit btc, then wait for further instructions
I only just noticed this one. But there are plenty of trading platforms that allow you to short bitcoin. CFD brokers is one option, I did short a couple of cryptos including bitcoin a few years ago on plus500, Edit: the spread is pretty shit with plus500 i thought, so there are better sites to use than them.But bitcoins dips can be so large it easily covers a bad spread ahaha.
I've been trading btc this summer but I'm holding for now as well as Etherium, wait to see what happens. I only buy fractional shares so I have less than 1k at risk in that. Nothing too crazy and not something I'd lose my house over. Nevertheless losing a grand would still suck balls. I started with Robinhood but I use Webull now with much better graphs and it's easy to do on my phone.
ftx.com is probably the platform for crypto trading, and currently know kyc so up to you to report everything to the ato, hi agents notice i havent used any referral links either.
Ripple Plunges After Coinbase Announces It Will Suspend XRP Trading https://www.zerohedge.com/markets/r...oinbase-announces-it-will-suspend-xrp-trading
So much for holding haha. That was a fun profitable rise tho. Just cant get myself to commit yet but when I see it start to struggle I sell. I'll probably jump back in at some point but not trying to catch a falling knife and I dont want to be a bag hodler! I'm surprised the traitors in DC allow cryptos to exist at all.
Why are you so surprised? Once they get everyone addicted to gambling cryptos, they'll pull the rug and ban them. Then they'll replace them with CBDC, the masses won't even understand the difference
That's about all I do with them is gamble. I cant consider myself a crypto guy because I have yet to hold even one for more than a week maybe.
Something like Tether (once the USD isn't the 'gold standard') for gold would be good for Crypto. Joining forces for the endgame.
Check out the Perth Mint Gold Token (PMGT) I will be giving it serious consideration when it's time to off-ramp. https://coinmarketcap.com/currencies/perth-mint-gold-token/
PMGT market cap is 613 ozt. Too open to manipulation. BTC and ETH are not going anywhere. Fairly obvious economies are being tokenised (someone above mentioned ftx , ultimately more information available, more efficient markets and more markets to trade) and US goverement actually seems to welcome this innovation provided securities are registered and tax is paid.
Care to elaborate? Because I don't know what you are on about. The token is redeemable for physical gold. I'd expect it to trade at a premium to gold in USD when we get to late-stage mania in the crypto markets, but the real risk is in the counterparties. I have not done diligence on InfiniGold yet and while many trust the Perth Mint because it's backed by government....there are plenty others who wouldn't trust it in a SHTF scenario because it's backed by government.
Market cap of PMGT is irrelevant, as the prices are locked to physical. Just be aware PMGT is not designed to be converted to physical as a variety of fees are applicable This is basically monetising of the Perth Mint inventory, be it scrap gold, gold blanks. finished coins or 80dore in the refinery etc.... Some might ask why...... By factoring the inventory for free, Perth Mint gains working capital.
I looked into it a while back and i wasn't impress with the service. It's all very superficial (like with most things in the crypto world) You're better off just opening an account directly with PM Goldpass and cut out all the BS and counter party risk going through a 3rd party. Also just to be clear PM back their GoldPass tokens. Now assuming you trust infiniGold and they honour their tokens (PMGT) for GoldPass tokens then it's all good. But why bother?? Just go direct. So to recap infiniGold hold GoldPass tokens, not you. Also if you have infiniGold tokens (PMGT) and you want to collect your gold, you still have to open an account directly with PM and pay a fee.
