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    [Daily Discussion] - Thursday, February 04, 2021 Bitcoin Markets

    February 04, 2021

    [Daily Discussion] - Thursday, February 04, 2021 Bitcoin Markets

    [Daily Discussion] - Thursday, February 04, 2021

    Posted: 03 Feb 2021 09:00 PM PST

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    submitted by /u/AutoModerator
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    BTC Adoption

    Posted: 04 Feb 2021 03:49 AM PST

    So far we heard about China and their attempts to start using digital yuan instead of traditional one. However, it turned out that there are cities in the world open to an idea of using cryptocurrencies in everyday life.
    Recently, Francis Xavier Suarez, Miami's Mayor, announced three proposals: to give an opportunity to pay salaries/part of salaries in BTC, to allow paying taxes in BTC, and to invest a part of the public wealth in BTC.
    Would you like to see changes like these in your area?

    submitted by /u/SimpleSwapExchange
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    Coinsbank

    Posted: 03 Feb 2021 02:33 PM PST

    The Coinsbank interface recently had a 'glitch' where my balance in BTC no longer reflected in my total balance. I originally made a sizeable investment in 2017. I have been mostly HODLing since, making occasional trades from LTC and currencies. Now it seems the whole time I was being had. The scam was elaborate, they claim to have cruises and ATM cards. The interface was professional and trades were settled with through elaborate multi-transactions. Limits and stop orders. They even had a write up in Forbes. Anyone ever heard of this company? Some sources say they are in Estonia, however I thought they were in UK.

    submitted by /u/HGWales
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    Will bitcoin drop when the stock market bubble bursts?

    Posted: 04 Feb 2021 01:40 AM PST

    Given that bitcoin is retail-led, highly leveraged from both retail and institutional traders (who may just be in to make a buck), a small percentage of addresses hold a large percentage of bitcoin and other factors. It's supposed to be an uncorrelated asset and/or at least Gold 2.0.

    Bitcoin dropped in March around 40% when the stock market went. It's now, at the time of writing roughly $37k.

    The argument "it doesn't matter because it will go up over the long term" - or variations - doesn't answer the question.

    Thanks everyone!

    submitted by /u/IndependentCounter84
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