[Daily Discussion] - Sunday, June 13, 2021 Bitcoin Markets

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• [Daily Discussion] - Sunday, June 13, 2021
• [Daily Discussion] - Saturday, June 12, 2021
• El Salvador Bitcoin story is evil!!!

[Daily Discussion] - Sunday, June 13, 2021 Posted: 12 Jun 2021 09:00 PM PDT Thread topics include, but are not limited to: General discussion related to the day's events Technical analysis, trading ideas & strategies Quick questions that do not warrant a separate post Thread guidelines: Be excellent to each other. Do not make posts outside of the daily thread for the topics mentioned above. Other ways to interact: Get an invite to live chat on our Slack group submitted by /u/AutoModerator [link] [comments]

[Daily Discussion] - Saturday, June 12, 2021 Posted: 11 Jun 2021 09:00 PM PDT Thread topics include, but are not limited to: General discussion related to the day's events Technical analysis, trading ideas & strategies Quick questions that do not warrant a separate post Thread guidelines: Be excellent to each other. Do not make posts outside of the daily thread for the topics mentioned above. Other ways to interact: Get an invite to live chat on our Slack group submitted by /u/AutoModerator [link] [comments]

El Salvador Bitcoin story is evil!!! Posted: 13 Jun 2021 04:19 AM PDT I think the move to make Bitcoin legal tender in El Salvador is not a move towards global financial freedom but has two very specific purposes and I fear it will have only one result. Purpose #1 Attracting capitals to El Salvador, especially from exchanges which are the real and only market that always and in any case earns, with mechanics very similar to gambling. Purpose #2 Making Bitcoin a legal tender currency makes it in effect a foreign currency in other countries, consequently it will change the taxation on the capital gain. Result Due to the high fees, high confirmation times (unless you pay those high fees) and Segwit+RBF that prevent zero confs, the experience of El Salvadorians will be very bad. It will be realized that Bitcoin is impossible to use as a national currency and the experiment will fail miserably, so that one can then generalize by saying that cryptocurrencies do not function as legal tender. I hope I'm wrong! What do you think about it? submitted by /u/Ivetoska [link] [comments]

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