Cryptocoin Value and Market Trend Discussion

[ThrashZone]

good example of what bitcoin is all about.. real money without government meddling..

trog

Hi,
Yeah let other entities manipulate coin like Musk/.................. that's a better sign of how real money should act like lol

 

[trog100]

whatever the reasons bitcoin seems to be holding nicely above 44K.. eth is around 3K..

gold is down a bit and the stock markets are back in the green..

come back in a weeks time.. he he..

trog

 

[Bomby569]

Kraken CEO fires back at Ukraine’s request to freeze Russian crypto: ‘Step 1 would be to freeze all U.S. accounts’​

While he has “deep respect” for the people of Ukraine, he said he believes crypto should enforce individualism, rather than nationalistic alliance to a country.

“Besides, if we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, step 1 would be to freeze all U.S. accounts,”

Kraken CEO fires back at Ukraine’s request to freeze Russian crypto: ‘Step 1 would be to freeze all U.S. accounts’

Kraken CEO Jesse Powell has responded to calls for his company to freeze the crypto assets of Russians amid Vladimir Putin’s attack on Ukraine.

finance.yahoo.com

Absolutely right in my view at least. Crypto can gain a lot of supporters that way.

 

[R-T-B]

I mean, the comparison has valid points for sure. But what Russia is doing in this war is a little more bold than even recent US actions that were similar (Iraq electric boogaloo, what have you). They seem to be deliberately and knowingly targeting civilian infrastructure with no regard to human life or safety. I mean just last evening Russia was lobbing shells at literal nuclear reactors.

So no, the comparison is not really valid. Nor do I think Crypto could freeze funds if they wanted to. Kind of the point.

 

[Bomby569]

I mean, the comparison has valid points for sure. But what Russia is doing in this war is a little more bold than even recent US actions that were similar (Iraq electric boogaloo, what have you). They seem to be deliberately and knowingly targeting civilian infrastructure with no regard to human life or safety. I mean just last evening Russia was lobbing shells at literal nuclear reactors.

So no, the comparison is not really valid. Nor do I think Crypto could freeze funds if they wanted to. Kind of the point.

I really think you missed the point being made, it was more about crypto staying out, if it becomes another fiat that any government for any reason can control, so what's the point.

I already said elsewhere, when Ukraine started handing out guns to civilians everyone become a target, was a desperate move but not a smart move. I don't think things are comparable, all are despicable, all wars are. The US use drone strikes to kill target x or y knowing full well they would hit civilians that had nothing to do with it, it's public knowledge, but all this is besides the point.

 

[R-T-B]

I really think you missed the point being made

We are in a price thread I suppose, so you may be right.

 

[Bomby569]

You either make a rule that crypto stays Switzerland in all of things, or then it becomes hard to decide what and when to take this or the other side. And besides there are so many exchanges and someone could easily create one just to go around this that i don't see this ever working out.

 

[R-T-B]

You either make a rule that crypto stays Switzerland in all of things, or then it becomes hard to decide what and when to take this or the other side. And besides there are so many exchanges and someone could easily create one just to go around this that i don't see this ever working out.

I mean I did admit it's technically unfeasible.

 

[lexluthermiester]

“Besides, if we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, step 1 would be to freeze all U.S. accounts,”

Kraken CEO fires back at Ukraine’s request to freeze Russian crypto: ‘Step 1 would be to freeze all U.S. accounts’

Kraken CEO Jesse Powell has responded to calls for his company to freeze the crypto assets of Russians amid Vladimir Putin’s attack on Ukraine.

finance.yahoo.com

Absolutely right in my view at least. Crypto can gain a lot of supporters that way.

Utter bloody hog-slop that...

 

[trog100]

i think we need to keep geo-politics out of this thread.. or at least make some attempt..

trog

 

[R-T-B]

i think we need to keep geo-politics out of this thread.. or at least make some attempt..

trog

It's a market thread. Politics are affecting the market now. You have to acknowledge that but people should keep it centered on the price, not politics.

 

[trog100]

It's a market thread. Politics are affecting the market now. You have to acknowledge that but people should keep it centered on the price, not politics.

the political situation is affecting the price of everything including crypto.. crypto did seem to break away from general stock market falls but over the last few days that situation seems to have changed..

currently the world is awash with war propaganda as is always the case.. best to believe none of it.. or at least avoid it in this thread..

bitcoin and eth have taken some losses over the last couple of days.. what happens next is anybodies guess..

trog

 

[Outback Bronze]

It's a market thread. Politics are affecting the market now. You have to acknowledge that but people should keep it centered on the price, not politics.

I don't mind either way. I like to read people's thoughts on the matter. Price or politics : )

 

[Bomby569]

Going back to the price, i really imagined crypto going nuts with this war, but apparently it seems to be slowly going back to the usual line it was following before this.

I did predicted the bump in price, but i failed on the long perspective. But could just be people that were holding crypto before this just cashing out. Interesting to see what happens next. I read China and Russia were trying to do something to avoid the dollar and the sanctions.

 

[R-T-B]

Going back to the price, i really imagined crypto going nuts with this war, but apparently it seems to be slowly going back to the usual line it was following before this.

I did predicted the bump in price, but i failed on the long perspective. But could just be people that were holding crypto before this just cashing out. Interesting to see what happens next. I read China and Russia were trying to do something to avoid the dollar and the sanctions.

It's not going to be mainstream crypto that benefits. It's too traceable. Monero and that ilk will likely see a bump though.

 

[Bomby569]

It's not going to be mainstream crypto that benefits. It's too traceable. Monero and that ilk will likely see a bump though.

No sure, i get your point, Monero is the way to go for the more suspicious stuff. Not to say that i fully agree that you need Monero for all that, you can still use Bitcoin for example if it isn't too obvious and there are ways to make it less obvious.
But i was expecting average Russian, would use Bitcoin as ruble now is worth shit and you can use it unlike rubles or visa or whatever.

 

[cvaldes]

the political situation is affecting the price of everything including crypto.. crypto did seem to break away from general stock market falls but over the last few days that situation seems to have changed..

currently the world is awash with war propaganda as is always the case.. best to believe none of it.. or at least avoid it in this thread..

No cryptocurrency or similar financial token is immune to geopolitical influences. Macro economic factors affect all financial markets.

We have covered this ground before.

Crypto does not exist in a bubble world.

Economic discussions must recognize politics. Denial doesn't change anything.

 

[R-T-B]

No sure, i get your point, Monero is the way to go for the more suspicious stuff. Not to say that i fully agree that you need Monero for all that, you can still use Bitcoin for example if it isn't too obvious and there are ways to make it less obvious.
But i was expecting average Russian, would use Bitcoin as ruble now is worth shit and you can use it unlike rubles or visa or whatever.

Oh yeah I see that thought process. See, I couldn't get "Oligarch" out of my head... lol

 

[95Viper]

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[trog100]

no logical reasons for any of this but stocks are seeing an upwards surge and bitcoin is going along with them.. bitcoin now up near 42K..

gold is down a small amount.. where things go from here is still anybodies guess..

trog

 

[lexluthermiester]

It's been swinging up and down all month.. It'll will likely top out around 43k and drop back down again.

 

[80-watt Hamster]

It's been swinging up and down all month.. It'll will likely top out around 43k and drop back down again.

What makes you think 43K is the top?

 

[lexluthermiester]

What makes you think 43K is the top?

The trends for the last several weeks. The market is going through another fluctuation cycle. It might go to 44k but not much higher before it falls off again.

 

[R-T-B]

The trends for the last several weeks. The market is going through another fluctuation cycle. It might go to 44k but not much higher before it falls off again.

This is how I feel too, not that I really have any idea...

 

[trog100]

What makes you think 43K is the top?

that is his "guess".. he could be right but then again.. he he..

trog