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death365 wrote:Bitcoin at 4200 today .. ah tell u all to buy .. hope people listened
Ianition wrote:I invested in one online program, one does not know how long it might work, but it keeps generating me BTC on daily basis, and as the crypto goes up slowly but surely Im getting some extra cash.
Otherwise crypto has volatility (as all assets or comodities) but much obvious and faster, so one should take advantage of it and be logical about it = HODL.
HmmmmThe_Honourable wrote:death365 wrote:Bitcoin at 4200 today .. ah tell u all to buy .. hope people listened
Don't bank on it too much, crypto have more drama than lifetime. Price raise today and then a steep drop within a few days sometimes for no reason. Let's hope that prices have bottomed out.
Kronik wrote:Where alluh does sell your BTC, what do you sell yours for? Cuz selling for cash hard down here
shiva_0001 wrote:what i wanted to know is if i can withdraw to my cc from uphold, it is very difficult finding an exchange where locals can convert crypto to usd and access the cash. If anyone has any recommendations on the easiest method please let me know.
What is the education behind this advice?death365 wrote:its time to SELL that Muta Fcuk'r...
8000 dont get stuck when it drops again ... and it will drop by end ah may.
( take meh stupid advice)
maybe buy some eth till Christmas.
Captain Awesome wrote:What is the education behind this advice?death365 wrote:its time to SELL that Muta Fcuk'r...
8000 dont get stuck when it drops again ... and it will drop by end ah may.
( take meh stupid advice)
maybe buy some eth till Christmas.
So general annecdotal observations yield such specific advice as...end of May price going back down? Not even the so called experts are this specific.death365 wrote:Captain Awesome wrote:What is the education behind this advice?death365 wrote:its time to SELL that Muta Fcuk'r...
8000 dont get stuck when it drops again ... and it will drop by end ah may.
( take meh stupid advice)
maybe buy some eth till Christmas.
years of playing around with currencies and now cyrpto.
(Btw paypal can be used to cash out cyrpto currencies too)
Captain Awesome wrote:So general annecdotal observations yield such specific advice as...end of May price going back down? Not even the so called experts are this specific.death365 wrote:Captain Awesome wrote:What is the education behind this advice?death365 wrote:its time to SELL that Muta Fcuk'r...
8000 dont get stuck when it drops again ... and it will drop by end ah may.
( take meh stupid advice)
maybe buy some eth till Christmas.
years of playing around with currencies and now cyrpto.
(Btw paypal can be used to cash out cyrpto currencies too)
I feel it in my fingersNever tried it, went and checked it out and made an account. You ever sold on it? Do you have to send your BTC to their wallet or can I use my own wallet.The_Honourable wrote:Kronik wrote:Where alluh does sell your BTC, what do you sell yours for? Cuz selling for cash hard down here
You ever tried localbitcoins?
Kronik wrote:Never tried it, went and checked it out and made an account. You ever sold on it? Do you have to send your BTC to their wallet or can I use my own wallet.The_Honourable wrote:Kronik wrote:Where alluh does sell your BTC, what do you sell yours for? Cuz selling for cash hard down here
You ever tried localbitcoins?
Nice, thanks, I'll give it a try and sell someThe_Honourable wrote:Kronik wrote:Never tried it, went and checked it out and made an account. You ever sold on it? Do you have to send your BTC to their wallet or can I use my own wallet.The_Honourable wrote:Kronik wrote:Where alluh does sell your BTC, what do you sell yours for? Cuz selling for cash hard down here
You ever tried localbitcoins?
Not sold on it but pretty straight forward. I dealt with about 4 traders so far in terms of buying and they are legit. You send your BTC to your localbitcoins account/wallet where you can post them for sale at a selected price, or select buyers once you agree to their price. Once a transaction is started, your funds will be in escrow. You can meet with the person who will give you the cash or they can do a bank transfer or deposit. They will then mark the transaction as paid uploading their receipt, and once you verify receiving the funds, the BTC will be released to the buyer.
There is also the paypal option on localbitcoins where you sell your BTC and your paypal gets credited but I never tried it.
Need .1081 in bitcoin ASAP... Usual supplier out of the country.. If anyone wanna sell, pm me asap.Kronik wrote:Nice, thanks, I'll give it a try and sell someThe_Honourable wrote:Kronik wrote:Never tried it, went and checked it out and made an account. You ever sold on it? Do you have to send your BTC to their wallet or can I use my own wallet.The_Honourable wrote:Kronik wrote:Where alluh does sell your BTC, what do you sell yours for? Cuz selling for cash hard down here
You ever tried localbitcoins?
Not sold on it but pretty straight forward. I dealt with about 4 traders so far in terms of buying and they are legit. You send your BTC to your localbitcoins account/wallet where you can post them for sale at a selected price, or select buyers once you agree to their price. Once a transaction is started, your funds will be in escrow. You can meet with the person who will give you the cash or they can do a bank transfer or deposit. They will then mark the transaction as paid uploading their receipt, and once you verify receiving the funds, the BTC will be released to the buyer.
There is also the paypal option on localbitcoins where you sell your BTC and your paypal gets credited but I never tried it.
https://www.ft.com/content/af6b1d48-90c ... 1d33ac3271
Facebook unveils global digital coin called Libra
Initial backers for new currency include Visa, Uber, Vodafone and Spotify
So far 28 groups have said they will become backers and integrate the technology into their services © FT montage/Getty
Hannah Murphy in San Francisco
Facebook has revealed plans for a new global digital currency backed by assets and supported by more than two dozen companies ranging from Visa and Mastercard to Lyft and Spotify, bringing the heft of the world’s largest social network to efforts to transform financial services.
The scope of Facebook’s ambitions for the new currency, called Libra, was made clear as it claimed 1.7bn people around the world without a bank account would be able to use it to make instant and nearly free international money transfers from their mobile phones.
In early trading, Facebook’s share price rose 1.8 per cent. The price of Bitcoin, the most famous cryptocurrency, was flat after the announcement at around $9,200 according to coinmarketcap.com, the highest it has been for a year.
With traditional banks and the other large technology companies sitting on the sidelines for now, and with regulators taking a cautious approach to digital currencies, Facebook on Tuesday began the task of persuading merchants to use Libra as a means of payment and consumers to see it as a safe store of value.
“The internet . . . has given everyone access to the world’s information, and democratised access to free communications, but money has stayed the same,” said David Marcus, the former president of PayPal who joined Facebook in 2014 and has steered the Libra project.
So far 28 groups including payments companies, ecommerce groups and venture capital companies have said they will become backers and integrate the technology into their services. Some have signed up recently — PayPal said it had only been in talks with Facebook for a “few weeks” — but Facebook hopes that 100 groups will have joined before the currency launches next year.
Each founding partner in the Libra Association is expected to contribute a minimum of $10m to help kick-start the project.
Facebook's LibraCoin: how is it going to work?
Libra will be backed by a pool of currencies and assets stored around the world. It will not have a fixed exchange rate against any one traditional currency, such as dollars and euros, though it will not swing as wildly as cryptocurrencies such as bitcoin.
Apple, Google, Amazon and Microsoft have not yet signed up. Banks decided not to join the starting roster because of uncertainties about regulation and concerns over logistical issues that could hamper take-up, several industry executives told the Financial Times.
Facebook’s move is the most significant effort yet to bring blockchain technology, which does not rely on a central authority to issue money, into the mainstream and comes after the launch of hundreds of digital currencies, not least the 10-year-old bitcoin.
“We believe that people will increasingly trust decentralised forms of governance,” said Facebook and its partners in a statement announcing their proposal.
“This could bring cryptocurrencies to the hundreds of millions,” said Jim Migdal, head of business development at Coinbase, a cryptocurrency exchange.
If successful, the project could dramatically reshape some corners of the finance industry, disintermediating payments platforms and stealing business from retail banks and fintech groups, particularly those that specialise in sending payments across borders.
Jorn Lambert, executive vice-president for digital solutions at Mastercard, said he was not worried that fee-free transactions would threaten the payment card business. “It’s an addition to what we do, not instead of what we do. It is not a zero-sum game. Today, 85 per cent of transactions are made in cash.”
It is unclear whether Libra will clear the steep hurdles needed to get off the ground, win over regulators such as the US Securities and Exchange Commission, and be embraced, or strongly resisted, by the financial services industry. Central banks have already questioned the impact of company-created cryptocurrencies on financial stability.
“We see hurdles to scale, we see hurdles to adoption, we see enough of this to decide that we would not participate in a scheme like this,” said a senior payments executive at a large global bank.
He said Facebook may also struggle to explain the complexity of the coin to consumers and merchants alike and that there would also be big regulatory challenges since “it isn’t that Facebook has a very stellar record on high walls” between different parts of its business.
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Libra: Facebook’s digital currency
Facebook/Libra: pros and coins
Facebook will spin off a unit, called Calibra, to manage its own digital wallet service, which will be integrated into its family of apps. Facebook said financial data gathered by Calibra would not be used to target advertising, and not be shared with Facebook or third parties “without customer consent”.
Facebook said know-your-customer information would be collected and government-issued ID would be required for accounts. It added that it would use computer programs to detect suspicious transactions.
The move comes as Facebook has been battling public anger and heightened regulatory scrutiny due to concerns over data privacy, allegations that it has failed to responsibly prevent abuse on its platform and employed anti-competitive practices in the pursuit of growth.
Facebook has recently set its sights on tapping new revenue streams beyond advertising, by introducing payments and ecommerce to its apps and taking a cut of transactions.
Analysts say the company is mirroring so-called super apps such as China’s WeChat, where users can communicate and also do online shopping and order a taxi without ever leaving the one platform.
Positive Money, a consumer campaign group, attacked the proposal. “Our money is increasingly in the hands of a small number of banks and payment companies, and we should avoid ceding further control to unaccountable corporate interests. Facebook’s plans pose alarming implications for privacy and power in the economy,” said David Clarke, the head of policy at the group.
Additional reporting by Laura Noonan, Robert Armstrong and Martin Coulter
Who is backing Libra so far?
Payments
Mastercard, PayPal, PayU, Stripe, Visa
Tech and consumer
Booking Holdings, eBay, Facebook, Farfetch, Lyft, Mercado Pago, Spotify, Uber
Telecoms
Iliad, Vodafone
Blockchain
Anchorage, Bison Trails, Coinbase, Xapo Holdings
Venture Capital
Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
NGOs
Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking
Yip. Glad I didn't sell when things got grim after the crash.The_Honourable wrote:Bitcoin has just crossed $10,000.
