by Petrol Head » Fri Jan 08, 2021 7:05 pm
Starving Pelican wrote: ↑Fri Jan 08, 2021 2:04 pm
YaTingPom wrote: ↑Fri Jan 08, 2021 1:37 pm
Starving Pelican wrote: ↑Fri Jan 08, 2021 12:16 pm
nerdlinger wrote: ↑Fri Jan 08, 2021 8:17 am
logos wrote: ↑Tue Jan 05, 2021 11:09 pm
In any case acceptance is growing.
I’ve been hearing this for over a decade now and yet I’ve still to see a single shop on my local high street take Bitcoin.
This. And unlike other threatening tech, such as Uber vis-a-vis the taxi industry, the banking 'industry' is too world-encompassing and powerful to go down without a serious fight.
What about Tesla and the oil companies then?
Oil is used for a billion and one things in addition to making cars go. Plus Teslas are too expensive to become mainstream, at the moment anyway.
I was extremely sceptical and late to the party, but Team PH has made a motsa on Bitcoin and Eth lately. I get the feeling that COVID and associated global printing of stimulus money is the best thing that’s ever happened to btc and other alt coins.
There’s definitely a push underway to stifle crypto trading. Etoro today stopped leveraged trades on crypto and put brakes on traders closing crypto positions for reasons that are unclear. They’ve also disallowed shorting cryptos by traders in many counties.
Several Western governments have flat banned their nationals from trading crypto over the platform. Ripple and US citizens being a good recent example. Many traders switched across to Binance and other platforms today in protest.
Social traders seem to be rushing to baskets of crypto, Tesla, gold, oil and to a lesser extent, other leading Nasdaq companies - irrespective of their actual business fundamentals.
Interesting times.
[quote="Starving Pelican" post_id=1024080 time=1610089477 user_id=1609]
[quote=YaTingPom post_id=1024079 time=1610087877 user_id=38577]
[quote="Starving Pelican" post_id=1024076 time=1610082976 user_id=1609]
[quote=nerdlinger post_id=1024066 time=1610068641 user_id=54309]
[quote=logos post_id=1023928 time=1609862985 user_id=328]
In any case acceptance is growing.
[/quote]
I’ve been hearing this for over a decade now and yet I’ve still to see a single shop on my local high street take Bitcoin.
[/quote]
This. And unlike other threatening tech, such as Uber vis-a-vis the taxi industry, the banking 'industry' is too world-encompassing and powerful to go down without a serious fight.
[/quote]
What about Tesla and the oil companies then?
[/quote]
Oil is used for a billion and one things in addition to making cars go. Plus Teslas are too expensive to become mainstream, at the moment anyway.
[/quote]
I was extremely sceptical and late to the party, but Team PH has made a motsa on Bitcoin and Eth lately. I get the feeling that COVID and associated global printing of stimulus money is the best thing that’s ever happened to btc and other alt coins.
There’s definitely a push underway to stifle crypto trading. Etoro today stopped leveraged trades on crypto and put brakes on traders closing crypto positions for reasons that are unclear. They’ve also disallowed shorting cryptos by traders in many counties.
Several Western governments have flat banned their nationals from trading crypto over the platform. Ripple and US citizens being a good recent example. Many traders switched across to Binance and other platforms today in protest.
Social traders seem to be rushing to baskets of crypto, Tesla, gold, oil and to a lesser extent, other leading Nasdaq companies - irrespective of their actual business fundamentals.
Interesting times.
