- U.S. Senator Pat Toomey wrote a letter to Treasury Secretary Janet Yellen explaining that “cryptocurrencies stand to dramatically improve consumers’ privacy, access to financial services, and power to make decisions for themselves.”
- If you want your friends to get into crypto without guilt, give them free crypto.
- President of Tanzania ���� calls on the central bank to prepare for the "use of cryptocurrency"
- This could be the No. 1 Reason why Crypto WON'T be banned in US: Lobbying by the cryptocurrency industry
- Wall Street Asks if Bitcoin Can Ever Replace Fiat Currencies
- This is the "70% crash"
- Just enjoy the ride!
- A community led group helping people avoid rugpulls on new DeFi sites.
| Posted: 13 Jun 2021 10:04 AM PDT
 | ||
| If you want your friends to get into crypto without guilt, give them free crypto. Posted: 13 Jun 2021 09:17 AM PDT It feels like when you introduce your friends to a video game and you give them some decent gear. One of my friends was curious about it, and he kept asking me for advice. I knew he didn't want to take large risks, but he wanted to invest his money into something that would grow large amounts. I had him make a wallet and sent him some ETH from my profits because it was just a small amount of my holdings. Then he bought me a drink and he continued to do research. Now that the big dip is happening, he's still asking me for advice, but he's not angry because it's not his money that's being affected. Now he sees that this kind of fluctuation is normal, so he has a better idea of getting into the game. So far, he hasn't bought any more, but this would be a pretty good discount sale to go in on. Good luck! [link] [comments]  | ||
| President of Tanzania ���� calls on the central bank to prepare for the "use of cryptocurrency" Posted: 13 Jun 2021 10:27 AM PDT President Samia Suluhu Hassan has called on the Central Bank of Tanzania to prepare for the use of cryptocurrencies / blockchain, as it may come at a time when changes taking place elsewhere have entered Tanzania. The President issued the directive earlier today while inaugurating the Central Bank of Tanzania building in Mwanza Region, stating that technological change and the growth of globalization are making many changes, including in the financial sector. "We have witnessed the emergence of a new journey through the internet. I know that in the country, including Tanzania, they have not accepted or started using these trips. However, my call to the Central Bank is that you should start working on that development. If they come and arrest us, don't arrest us, we are not ready, "President Samia instructed. The above article is in Swahili and was translated using google translate. [link] [comments]  | ||
| Posted: 13 Jun 2021 10:05 AM PDT
 | ||
| Wall Street Asks if Bitcoin Can Ever Replace Fiat Currencies Posted: 13 Jun 2021 07:28 AM PDT
 | ||
| Posted: 13 Jun 2021 10:48 AM PDT I don't have the exact stats here, but if I remember correctly, bitcoin went through about 7 major corrections during the last bull run of 2016/2017. Or maybe that was during the last halvening cycle. Anyway, let's focus on the corrections rather than the timing: Each of those corrections was at least 30%. Some were in the range of 70-80%, and a few have been close to 90%. I think we've just gone through another one of those crashes. "Wait," you say. "It only dropped about 50% from ATH." That's correct, so why would I call this a 70% crash, when it isn't? Simple: Institutional involvement (and partial maturation of the crypto markets) means less volume trading hands during sell-offs (measured in terms of coins, not in terms of value). Maturation and institutional participation means a smoothing of peaks and valleys. Crashes will not be as big as they have been in the past. If there wasn't the current level of institutional involvement in BTC, I think the current months-long selloff could have been a much deeper valley. For those of you who have held through the recent sell-off of the past few months (probably most of you), then congratulations, you deserve the "steel hands" award. But I think we'll see very few crashes of >70% in overall crypto markets in the future. You may never get a true diamond hands award for holding through a 90% bloodbath. My opinion only. Thoughts? [link] [comments]  | ||
| Posted: 13 Jun 2021 07:25 AM PDT I am 60% down and I hope it goes lower but that's me. Don't shame people who get nervous for being down 10% If you can and you believe in crypto make use of the low prices. If you don't have money to buy just don't check the price. When it goes back to a bull market it will be in every news outlet so you won't miss out! If you need the money you put into crypto: well you shouldn't have but now you have learned a valuable lesson! Crypto is for money that you can afford to lose! If you can't take the volatility just sell some... even if you believe we will go up we can go much lower before we go up (in terms of alts, not BTC) In the end, if you hodl you will be in profit, but that takes a lot to be able to hodl! It is mentally exhausting. Don't listen to people who are like hodl hodl or you are paperhands. If you can't take it, it will start to impact your everyday life! In the end, it is only money, the FED can just print more! But your mental health can't really be printed! Everyone has a different risk tolerance, mine just happens to be that of a gambler! throw money and expect nothing in return! But that may not work for other people! Find the balance that you are comfortable with losing but can still make you money, after you make that money, just play with profits! And for all the diamond hand out there: don't be so toxic! If people sell they sell... It is their loss after all! If you can hodl, great but not everyone has to be like that. [link] [comments]  | ||
| A community led group helping people avoid rugpulls on new DeFi sites. Posted: 13 Jun 2021 07:56 AM PDT
 |
| You are subscribed to email updates from Cryptocurrency News & Discussion. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment