Bitcoins - about to hit $5,000 per coin today!

[Griffith]

PayPal in the UK is amazing. No fees/easy to avoid fees unless you are accepting payment for selling something.

Also it's inaccessible to the taxman if you know what you're doing. They haven't launched their crypto trading platform yet in the UK, but that will be huge.

Yes, Paypal is excellent and still my choice for shopping and transferring money.

But it could perhaps face some competition in the future if crypto payments start becoming accepted and more mainstream.

[Griffith]

Yeah, but my $100 in Paypal is still worth $100 a week later not .10 cents.

Yes, that it is the main downside and would have to be converted to currency almost immediately. But it costs several cents for a transfer, even for millions of dollars, without any paperwork or commission which could be several percent, which is useful when sending funds overseas.

If transfers for stablecoins have the same speed and costs, this could have huge potential.

[Griffith]

On a side note, how have your experiences been on Binance?

I'm planning on switching to Binance from a local exchange, since it doesn't have enough liquidity and is not really suited for trading.

[polychronopolous]

Billionaire Carl Icahn Eyes Potential $1.5B Crypto Investment


U.S. billionaire and one-time cryptocurrency skeptic Carl Icahn is contemplating a potential $1.5 billion investment in digital currencies.

The activist investor said he’s looking at investing in crypto in “a relatively big way,” clarifying that “big” could mean “a billion dollars, billion-and-a-half.”

Icahn shared his thoughts via an interview on Wednesday with Bloomberg on topics including investor activism, GameStop shares and digital assets.

Once likening cryptocurrency to the 18th century Mississippi land bubble that led to the collapse of stock markets in Europe, Icahn now appears intrigued by cryptocurrency’s potential.

“I’m looking at the whole business,” said Icahn, referring to the crypto industry. “I’m not looking at what to buy necessarily at this time. I’m just looking at the whole business and how I might get involved with it.”

Icahn also said he believes crypto assets are “here to stay in one form or another,” before being pressed on how much he would consider buying through his investing conglomerate, Icahn Enterprises.

Icahn joins a number of billionaires who have reversed their negative opinion of cryptocurrency, including Mark Cuban, Michael Saylor and Howard Marks.

“I will say about cryptocurrencies … I don’t think there will be a lot of survivors out there trading today,” Icahn said. “I think there’s got to be some form of really feeling there’s safety and value there.”

https://finance.yahoo.com/news/billionaire-carl-icahn-eyes-potential-073130085.html

[Flexacon]

Yes, Paypal is excellent and still my choice for shopping and transferring money.

But it could perhaps face some competition in the future if crypto payments start becoming accepted and more mainstream.

I think paypal might manage to stay ahead of the game. They allow trading on crypto prices in the US and I can vaguely remember reading they are looking to move to a trading model similar to coinbase. Possibly even having their own coin.

Binance main app and site isn't very user friendly. Takes a while to learn to navigate your way around, but it's worth it. The Binance lite option helps too.

[FitnessFrenzy]

Billionaire Carl Icahn Eyes Potential $1.5B Crypto Investment


U.S. billionaire and one-time cryptocurrency skeptic Carl Icahn is contemplating a potential $1.5 billion investment in digital currencies.

The activist investor said he’s looking at investing in crypto in “a relatively big way,” clarifying that “big” could mean “a billion dollars, billion-and-a-half.”

Icahn shared his thoughts via an interview on Wednesday with Bloomberg on topics including investor activism, GameStop shares and digital assets.

Once likening cryptocurrency to the 18th century Mississippi land bubble that led to the collapse of stock markets in Europe, Icahn now appears intrigued by cryptocurrency’s potential.

“I’m looking at the whole business,” said Icahn, referring to the crypto industry. “I’m not looking at what to buy necessarily at this time. I’m just looking at the whole business and how I might get involved with it.”

Icahn also said he believes crypto assets are “here to stay in one form or another,” before being pressed on how much he would consider buying through his investing conglomerate, Icahn Enterprises.

Icahn joins a number of billionaires who have reversed their negative opinion of cryptocurrency, including Mark Cuban, Michael Saylor and Howard Marks.

“I will say about cryptocurrencies … I don’t think there will be a lot of survivors out there trading today,” Icahn said. “I think there’s got to be some form of really feeling there’s safety and value there.”

https://finance.yahoo.com/news/billionaire-carl-icahn-eyes-potential-073130085.html

Carl is a shark and he is very clever.

[El Diablo Blanco]

Why are doge, eth and BTC following the same daily trend? Someone has all three and is buying and selling little chunks over and over.

[FitnessFrenzy]

[Mayday]

Carl is a shark and he is very clever.

Apparently he put 1B into ETH.

I’m still banking on my ETH play with original price target 4,950.

We are about to enter the bounce area of BTC 30k and ETH 2k.

In the last 14 days towards ETH’s peak in June, it experienced it’s most explosive movements upwards against BTC.

It is insanely bearish right now and generally we do the opposite. I hope..... lol

[Bindare_Dundat]

Apparently he put 1B into ETH.

I’m still banking on my ETH play with original price target 4,950.

We are about to enter the bounce area of BTC 30k and ETH 2k.

In the last 14 days towards ETH’s peak in June, it experienced it’s most explosive movements upwards against BTC.

It is insanely bearish right now and generally we do the opposite. I hope..... lol

well, I  loaded up up on more Eth and Cardano on the way down but I have a bit more money left to sprinkle around here and there and then thats it for me.

I dont care if we go sideways  till August if thats what it takes for these big players to accumulate and then I hope this  things takes off cause my bags are packed.

[gib]

A very interesting post (and also inspiring). For anyone considering ALTS please watch:

[Bindare_Dundat]

Bitboy sold 2 millions dollars wortht of alts I heard. lol

He was bragging about not selling anything just a few days ago. lol

Go Cardano. Whoa

[Griffith]

Bitboy sold 2 millions dollars wortht of alts I heard. lol

He was bragging about not selling anything just a few days ago. lol

Go Cardano. Whoa

A few weeks back he bought 1 million Cardano.

[Bindare_Dundat]

A few weeks back he bought 1 million Cardano.

I know.  Nice stack.

[OneMoreRep]

A few weeks back he bought 1 million Cardano.

He gets it.

I think it has excellent potential.

"1"

[Bindare_Dundat]

He gets it.

I think it has excellent potential.

"1"

Hes getting lots of grief from the meme coin holders today.

[obsidian]

Hes getting lots of grief from the meme coin holders today.

He has a smoking hot model / actress come on his show every now and then. Ellie Gonsalves.

[obsidian]

Why I am bullish on crypto:

https://news.bitcoin.com/whistleblower-edward-snowden-says-6-trillion-in-stimulus-is-good-for-bitcoin/

Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is 'Good for Bitcoin’

The infamous whistleblower and privacy activist Edward Snowden commented on bitcoin on Friday, after the Biden administration said this week it was shooting for 6 trillion dollars in stimulus proposals. Following the $6 trillion in stimulus headlines, Snowden commented on the situation and said it was “good for bitcoin.”

Edward Snowden Jabs Biden’s 6 Trillion-Dollar Covid Relief Proposal, Says It’s ‘Good for Bitcoin’

The 37-year old former computer intelligence consultant for the National Security Agency (NSA) and contractor for the Central Intelligence Agency (CIA), Edward Snowden, has once again commented on the leading digital asset bitcoin. Snowden’s statement on Twitter follows the last few days of reports discussing the Biden administration’s $6 trillion stimulus proposals to “build back a better” America.

“Six trillion dollars? This is good for Bitcoin,” the whistleblower Edward Snowden said on Friday. The tweet already has 36,000 likes and has been retweeted more than 6,000 times.

Of course, it’s not the first time Snowden has spoken about bitcoin, as the whistleblower and privacy activist has been very vocal about the subject in recent years. For instance, after the March 12, 2020 market carnage, otherwise known as ‘Black Thursday,’ Snowden said: “This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.”

[obsidian]

https://news.bitcoin.com/metalla-ceo-says-crypto-industry-is-a-license-for-the-private-sector-to-print-money/

Metalla CEO Says Crypto Industry Is a 'License for the Private Sector to Print Money'

During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis.

Precious Metals Exec Says the Public Embracing Crypto May Lead to a Financial Disaster

Brett Heath is the CEO of Metalla Royalty & Streaming (NYSE: MTA) (TSXV: MTA), a company designed to generate leveraged precious metal (PM) exposure via royalties and streams for shareholders. On May 27, Heath spoke with the precious metals news desk from kitco.com and explained that he believes the mass adoption of digital currencies like bitcoin will lead to catastrophe. Economic calamities begin when society adopts a new financial product Heath asserted.

“When you look back to the last few decades and all of the financial crises that happened, they all have a couple of things in common. And one of them is the mass adoption of a new financial product or a new technology that is not very well understood,” Heath stressed during his interview with kitco.com’s David Lin.

Heath further remarked that it reminds him of the subprime mortgage crisis that tossed the financial world upside down 12 years ago. Heath added:

"If we just rewind to the mortgage crisis of 2008— We had the mass adoption of mortgage-backed securities, collateralized debt obligations. And once the public had embraced this, this new financial product, then it crashed. It was a huge problem."

[FitnessFrenzy]

He gets it.

I think it has excellent potential.

"1"

I saw a youtube video with the founder of cardano. He is well spoken and knows a lot about both cardano and other cryptos. He rigorously criticized ethereum, albeit in a professional way. If Cardano has as much potential as he has as a communicator - then I see a bright future for it. I only have quite limited knowledge of cryptos because I don't invest in them.

[Grape Ape]

I saw a youtube video with the founder of cardano. He is well spoken and knows a lot about both cardano and other cryptos. He rigorously criticized ethereum, albeit in a professional way. If Cardano has as much potential as he has as a communicator - then I see a bright future for it. I only have quite limited knowledge of cryptos because I don't invest in them.

The founder of Cardano know a lot about Cardano?

You don't say....

[Bindare_Dundat]

The founder of Cardano know a lot about Cardano?

You don't say....

Lol

[OneMoreRep]

I saw a youtube video with the founder of cardano. He is well spoken and knows a lot about both cardano and other cryptos. He rigorously criticized ethereum, albeit in a professional way. If Cardano has as much potential as he has as a communicator - then I see a bright future for it. I only have quite limited knowledge of cryptos because I don't invest in them.

Agreed.

He has quite the advantage when critiquing Ethereum, as he is one the co-founders behind Ethereum. He knows all of its strengths and weaknesses. This is why Cardano, as his brainchild, makes a lot of sense, as he wanted to make a company that can deliver in all ways where Ethereum would fall short and beyond.

He can be a little opinionated at times, but I think he's a very smart guy. I firmly believe $ADA will reach prices that range between $30-$100/coin. When will this happen? Likely in many years 5-10 years.

This is the same reason why Bitboy purchased a million $ADA. He sees it, just as he saw $Bitcoin many years ago when others didn't.

"1"

[FitnessFrenzy]

[obsidian]

I like how he says that proving ownership of land is hard with corrupt African countries and their paper trails. And that using blockchains would help to counter that.

Well proving you own land via the a blockchain would make no difference to African dictators. They would confiscate the property regardless. Western governments could care less and would do nothing to help people who lost their land. So the blockchain would make no difference in corrupt nations where the rule of law is enforced by corrupt armies.