Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

[dean_spleen09]

looking for any local groups where people buy/sell crypto.
good information will be generously rewarded...

[JoKeR1980]

Scotia doesn't support buying from exchanges and if you use a 3rd party service like Airtm or Wise to buy P2P on Kucoin or such there are huge fees to pay in between and you can lose 25-30% before you even get your USDT, but thays one way.

This is another way that works for me locally.

Use CrytoTab to get BTC on your pc or phone by using the browser, buy a boost or few and then wtihdraw to an exchange and sell for alts/stables if thats your plan.

https://cryptotabbrowser.com/27730523

[Mic]

Interesting

[Strugglerzinc]

Quick question to those more knowledgeable as I have never had any dealings with this.

Someone needs to pay me via crypto. How does one get this to usable regular cash from an exchange such as Binance or Coinbase etc? Do our local banks credit cards support these withdrawals/transfers?

[eitech]

Quick question to those more knowledgeable as I have never had any dealings with this.

Someone needs to pay me via crypto. How does one get this to usable regular cash from an exchange such as Binance or Coinbase etc? Do our local banks credit cards support these withdrawals/transfers?

I had some crypto in binance and they had the option to withdraw the equivalent crpto to usd to ur credit card. So imagine when i went one day to withdraw and the option wasn’t there anymore. I know a guy who know a guy and basically i withdrew the crypto direct to his specified wallet and he in turn sent me cash based on the agreed exchange rate eg btc to usd then to tt. You pretty much need an “honest” middle man who not gonna rob you. I got my money though. Thats was my last dealing in binance. Rep card was the pnly one that i got to work. Fcb was a no no

[Strugglerzinc]

Quick question to those more knowledgeable as I have never had any dealings with this.

Someone needs to pay me via crypto. How does one get this to usable regular cash from an exchange such as Binance or Coinbase etc? Do our local banks credit cards support these withdrawals/transfers?

I had some crypto in binance and they had the option to withdraw the equivalent crpto to usd to ur credit card. So imagine when i went one day to withdraw and the option wasn’t there anymore. I know a guy who know a guy and basically i withdrew the crypto direct to his specified wallet and he in turn sent me cash based on the agreed exchange rate eg btc to usd then to tt. You pretty much need an “honest” middle man who not gonna rob you. I got my money though. Thats was my last dealing in binance. Rep card was the pnly one that i got to work. Fcb was a no no

Not looking for all that trouble. Basically would just love to know if Scotia or RBL allows usage of their CC on any reputable exchange. If not then fire for that.

[eitech]

Quick question to those more knowledgeable as I have never had any dealings with this.

Someone needs to pay me via crypto. How does one get this to usable regular cash from an exchange such as Binance or Coinbase etc? Do our local banks credit cards support these withdrawals/transfers?

I had some crypto in binance and they had the option to withdraw the equivalent crpto to usd to ur credit card. So imagine when i went one day to withdraw and the option wasn’t there anymore. I know a guy who know a guy and basically i withdrew the crypto direct to his specified wallet and he in turn sent me cash based on the agreed exchange rate eg btc to usd then to tt. You pretty much need an “honest” middle man who not gonna rob you. I got my money though. Thats was my last dealing in binance. Rep card was the pnly one that i got to work. Fcb was a no no

Not looking for all that trouble. Basically would just love to know if Scotia or RBL allows usage of their CC on any reputable exchange. If not then fire for that.

Yeah well fire it is

[drchaos]

Quick question to those more knowledgeable as I have never had any dealings with this.

Someone needs to pay me via crypto. How does one get this to usable regular cash from an exchange such as Binance or Coinbase etc? Do our local banks credit cards support these withdrawals/transfers?

I had some crypto in binance and they had the option to withdraw the equivalent crpto to usd to ur credit card. So imagine when i went one day to withdraw and the option wasn’t there anymore. I know a guy who know a guy and basically i withdrew the crypto direct to his specified wallet and he in turn sent me cash based on the agreed exchange rate eg btc to usd then to tt. You pretty much need an “honest” middle man who not gonna rob you. I got my money though. Thats was my last dealing in binance. Rep card was the pnly one that i got to work. Fcb was a no no

Not looking for all that trouble. Basically would just love to know if Scotia or RBL allows usage of their CC on any reputable exchange. If not then fire for that.

There are probably are portals that will allow credit card crypto transactions. But its a cat and mouse game ... You find one and they shut it down a few months later. Rinse and repeat.

[Chimera]

Lol

[VexXx Dogg]

https://markets.businessinsider.com/new ... ens-2023-9

[quote=“businessinsider”] Remember when NFTs sold for millions of dollars? 95% of the digital collectibles may now be worthless. [/quote]

The comedy writes itself.

[pugboy]

wha about the digital real estate in the meta world?

[VexXx Dogg]

wha about the digital real estate in the meta world?

More BS. The metaverse tried to reinvent second life from the mid 2000s with some new tech, but even that crashed and burned like the first iteration.

As long as people conflate novelty with utility, they’ll continue to get fooled

[pugboy]

i remember seeing an interview with an artist saying she was now doing pieces geared for the digital nft space

[Duane 3NE 2NR]

Binance fined $4.3B
CEO pleads guilty

[Jerry84]

Binance fined $4.3B
CEO pleads guilty

Sorry for the noob question.
Does this mean that the value of stable coins like USDT will be significantly affected/decrease?

[drchaos]

Binance fined $4.3B
CEO pleads guilty

Sorry for the noob question.
Does this mean that the value of stable coins like USDT will be significantly affected/decrease?

No, USDT is issued by tether and not Binance. The centralized exchanges use USDC and USDT but are not involved in their value. They are backed by hard assests by the issuer like cash and Bonds.

Last time USDT had an audit they were holding mostly cash and treasury bonds.
If the stable coins go down that means the whole market goes down .... not even btc will be safe.

[The_Honourable]

Imbert: Trinidad and Tobago won't support cryptocurrency

Finance Minister Colm Imbert has said the government will not support cryptocurrency, amid questions from the opposition about alternative-currency business models in the Senate on Tuesday. Citing an International Monetary Fund (IMF) assessment that said Trinidad and Tobago’s lack of regulatory framework for cryptocurrencies may be limiting the country’s ability to develop alternative-currency business models, opposition senator Damian Lyder asked what policy measures, if any, are being taken to address this issue. Describing the question as “astonishing,” Imbert said the IMF had sounded several warnings in a report earlier this year that adopting unbacked crypto assets like bitcoin would have serious implications for macro-financial stability. “They went on to explain why – that the adoption of crypto assets could threaten the effectiveness of monetary policy transmission and sovereignty.

"Crypto assets without credible backing pose financial stability risks due to the volatile prices, and where declaring a crypto asset legal tender may create fiscal risks, this will cause risk to public finances.

"In terms of external stability, the entire financial monetary system can be put at risk by the adoption of cryptocurrency. In terms of capital flow stability, crypto assets drive higher gross foreign capital positions and more volatile capital flows,” he said.“In terms of the structure of financial systems, crypto assets with an open architecture are extremely risky, because anybody can contribute to these crypto assets. They’re prone to fraud and market integrity risks, and it could destabilise the entire international banking sector.

"Cryptocurrency is also the currency of use by drug traffickers, money launderers and persons who operate on the dark web, and therefore I found this question astonishing.”Highlighting what he called failures in the cryptocurrency sector, Imbert cited a May 2022 Terra US-dollar collapse which cost investors US$45 billion. He also said in June that year, a cryptocurrency company, Three Arrows Capital, was forced into liquidation, causing a loss of US$3 billion to investors. He said FTX trading collapsed in November 2022, costing investors up to US$50 billion.

Imbert cited several other collapses in cryptocurrency that occurred up to this month, costing investors billions of US dollars in each instance.“We have a situation where the whole world knows cryptocurrency is dangerous. The world knows cryptocurrency is the preferred currency of criminals, and the whole world knows crypto assets are backed by nothing.

"Why on earth would a question come to me, as Minister of Finance, therefore, as to whether I may be wishing to develop alternate currency business models?” he said.“The answer is, we are not doing that. We are not getting involved with cryptocurrency.

"It is dangerous, and as the custodians of the treasury and the public’s purse, we are not putting the public’s assets at risk.”Given this stance, Lyder asked if Imbert intended to table legislation to outlaw cryptocurrencies.

To this, Imbert replied that it is not considered legal tender in TT.

https://newsday.co.tt/2023/11/29/imbert ... ocurrency/

[Captain Awesome]

Imbert: Trinidad and Tobago won't support cryptocurrency

Finance Minister Colm Imbert has said the government will not support cryptocurrency, amid questions from the opposition about alternative-currency business models in the Senate on Tuesday. Citing an International Monetary Fund (IMF) assessment that said Trinidad and Tobago’s lack of regulatory framework for cryptocurrencies may be limiting the country’s ability to develop alternative-currency business models, opposition senator Damian Lyder asked what policy measures, if any, are being taken to address this issue. Describing the question as “astonishing,” Imbert said the IMF had sounded several warnings in a report earlier this year that adopting unbacked crypto assets like bitcoin would have serious implications for macro-financial stability. “They went on to explain why – that the adoption of crypto assets could threaten the effectiveness of monetary policy transmission and sovereignty.

"Crypto assets without credible backing pose financial stability risks due to the volatile prices, and where declaring a crypto asset legal tender may create fiscal risks, this will cause risk to public finances.

"In terms of external stability, the entire financial monetary system can be put at risk by the adoption of cryptocurrency. In terms of capital flow stability, crypto assets drive higher gross foreign capital positions and more volatile capital flows,” he said.“In terms of the structure of financial systems, crypto assets with an open architecture are extremely risky, because anybody can contribute to these crypto assets. They’re prone to fraud and market integrity risks, and it could destabilise the entire international banking sector.

"Cryptocurrency is also the currency of use by drug traffickers, money launderers and persons who operate on the dark web, and therefore I found this question astonishing.”Highlighting what he called failures in the cryptocurrency sector, Imbert cited a May 2022 Terra US-dollar collapse which cost investors US$45 billion. He also said in June that year, a cryptocurrency company, Three Arrows Capital, was forced into liquidation, causing a loss of US$3 billion to investors. He said FTX trading collapsed in November 2022, costing investors up to US$50 billion.

Imbert cited several other collapses in cryptocurrency that occurred up to this month, costing investors billions of US dollars in each instance.“We have a situation where the whole world knows cryptocurrency is dangerous. The world knows cryptocurrency is the preferred currency of criminals, and the whole world knows crypto assets are backed by nothing.

"Why on earth would a question come to me, as Minister of Finance, therefore, as to whether I may be wishing to develop alternate currency business models?” he said.“The answer is, we are not doing that. We are not getting involved with cryptocurrency.

"It is dangerous, and as the custodians of the treasury and the public’s purse, we are not putting the public’s assets at risk.”Given this stance, Lyder asked if Imbert intended to table legislation to outlaw cryptocurrencies.

To this, Imbert replied that it is not considered legal tender in TT.

https://newsday.co.tt/2023/11/29/imbert ... ocurrency/

This response shouldn't surprise anyone. The government, no government will be able to control any true crypto anyway, and that's a great thing. It's actually built into the design. Citing examples of the collapse of mismanaged crypto exchanges (which isn't the fault of crypto itself) is a great way to spread fud to the uninitiated. Backed by nothing is hilarious as well, considering that ttd fiat is pretty much backed only by the stability of the tt economy which, as we know, isn't very healthy with much debt built in.

Meanwhile, hopefully, people will continue to move away from our very limited currency and realize the potential of a truly global and unrestricted financial system.

[Jerry84]

So question here. I am now looking into investing and a friend told me about a business module being offered by a business called debteradicators.
Basically you enter with 2500 USDT and sign a 4 month contract. What they do is give you back 50% of your investment monthly for the 4 months.
At the end of the contract period your initial investment is still there and it's up you you whether you want to enter into another contract or not. Your risk factor is 25% as they hold 75% of your investment in their reserves for emergency.

What are your thoughts on this?

[The_Honourable]

So question here. I am now looking into investing and a friend told me about a business module being offered by a business called debteradicators.
Basically you enter with 2500 USDT and sign a 4 month contract. What they do is give you back 50% of your investment monthly for the 4 months.
At the end of the contract period your initial investment is still there and it's up you you whether you want to enter into another contract or not. Your risk factor is 25% as they hold 75% of your investment in their reserves for emergency.

What are your thoughts on this?

Nah... run from that.

Better you put it on binance and let a trading bot do some work for you.

Or put it in ETH, store in a cold wallet and forget about it for the next few years.

[st7]

is your money. do what you want and share the experience

[Jerry84]

So question here. I am now looking into investing and a friend told me about a business module being offered by a business called debteradicators.
Basically you enter with 2500 USDT and sign a 4 month contract. What they do is give you back 50% of your investment monthly for the 4 months.
At the end of the contract period your initial investment is still there and it's up you you whether you want to enter into another contract or not. Your risk factor is 25% as they hold 75% of your investment in their reserves for emergency.

What are your thoughts on this?

Nah... run from that.

Better you put it on binance and let a trading bot do some work for you.

Or put it in ETH, store in a cold wallet and forget about it for the next few years.

Care to share the reason why I should run from this? Just being thorough as a friend is in it for almost 1 year and has been seeing some nice returns. Like I said I want to be thorough in my decision making.

[redmanjp]

Imbert: Trinidad and Tobago won't support cryptocurrency

To this, Imbert replied that it is not considered legal tender in TT.

https://newsday.co.tt/2023/11/29/imbert ... ocurrency/

on some radio station news they said that he said it illegal - somehow i don't think that's what he meant.

[The_Honourable]

So question here. I am now looking into investing and a friend told me about a business module being offered by a business called debteradicators.
Basically you enter with 2500 USDT and sign a 4 month contract. What they do is give you back 50% of your investment monthly for the 4 months.
At the end of the contract period your initial investment is still there and it's up you you whether you want to enter into another contract or not. Your risk factor is 25% as they hold 75% of your investment in their reserves for emergency.

What are your thoughts on this?

Nah... run from that.

Better you put it on binance and let a trading bot do some work for you.

Or put it in ETH, store in a cold wallet and forget about it for the next few years.

Care to share the reason why I should run from this? Just being thorough as a friend is in it for almost 1 year and has been seeing some nice returns. Like I said I want to be thorough in my decision making.

Read up here:

https://cointelegraph.com/innovation-ci ... ment-scams

caveat emptor

[Jerry84]

So question here. I am now looking into investing and a friend told me about a business module being offered by a business called debteradicators.
Basically you enter with 2500 USDT and sign a 4 month contract. What they do is give you back 50% of your investment monthly for the 4 months.
At the end of the contract period your initial investment is still there and it's up you you whether you want to enter into another contract or not. Your risk factor is 25% as they hold 75% of your investment in their reserves for emergency.

What are your thoughts on this?

Nah... run from that.

Better you put it on binance and let a trading bot do some work for you.

Or put it in ETH, store in a cold wallet and forget about it for the next few years.

Care to share the reason why I should run from this? Just being thorough as a friend is in it for almost 1 year and has been seeing some nice returns. Like I said I want to be thorough in my decision making.

Read up here:

https://cointelegraph.com/innovation-ci ... ment-scams

caveat emptor

Thanks for the enlightening information.

[VexXx Dogg]

What manner of Shakespearian litcraft is this


https://arstechnica.com/health/2023/11/ ... -and-skin/

[16 cycles]

So question here. I am now looking into investing and a friend told me about a business module being offered by a business called debteradicators.
Basically you enter with 2500 USDT and sign a 4 month contract. What they do is give you back 50% of your investment monthly for the 4 months.
At the end of the contract period your initial investment is still there and it's up you you whether you want to enter into another contract or not. Your risk factor is 25% as they hold 75% of your investment in their reserves for emergency.

What are your thoughts on this?

Nah... run from that.

Better you put it on binance and let a trading bot do some work for you.

Or put it in ETH, store in a cold wallet and forget about it for the next few years.

Care to share the reason why I should run from this? Just being thorough as a friend is in it for almost 1 year and has been seeing some nice returns. Like I said I want to be thorough in my decision making.

Own research into crypto markets hardly ever yield those returns in a 4month period.

What happens if the value decreases?

[eitech]

Woi xauusd hit all time high. $2140.

[Jerry84]

So question here. I am now looking into investing and a friend told me about a business module being offered by a business called debteradicators.
Basically you enter with 2500 USDT and sign a 4 month contract. What they do is give you back 50% of your investment monthly for the 4 months.
At the end of the contract period your initial investment is still there and it's up you you whether you want to enter into another contract or not. Your risk factor is 25% as they hold 75% of your investment in their reserves for emergency.

What are your thoughts on this?

Nah... run from that.

Better you put it on binance and let a trading bot do some work for you.

Or put it in ETH, store in a cold wallet and forget about it for the next few years.

Care to share the reason why I should run from this? Just being thorough as a friend is in it for almost 1 year and has been seeing some nice returns. Like I said I want to be thorough in my decision making.

Own research into crypto markets hardly ever yield those returns in a 4month period.

What happens if the value decreases?

Understand your point, that's why I'm reaching out here for guidance and insight.
Much thanks for that.

[drchaos]

What is allu fellars plan to cash out?

Stables and Hold

Kraken to USD or sell stables to local dealers.