[Daily Discussion] - Wednesday, June 09, 2021 Bitcoin Markets |
- [Daily Discussion] - Wednesday, June 09, 2021
- It's official; Bitcoin is the Legal Tender currency of El Salvador! - Passes Senate vote with Supermajorty!
- This is the first time I've bought on news despite really bad technicals.
- How to keep calm when trading Bitcoin and cryptocurrencies
| [Daily Discussion] - Wednesday, June 09, 2021 Posted: 08 Jun 2021 09:00 PM PDT Thread topics include, but are not limited to:
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| Posted: 09 Jun 2021 12:51 AM PDT I know you guys don't care and will keep shorting bitcoin anyway, but just so you know, a little over an hour ago the El Salvador senate (yes, past midnight) voted to make Bitcoin Legal Tender. https://twitter.com/nayibbukele/status/1402508938415939593 The articles of the bill say that in 90 days from the publication of this bill (assuming today) everyone in the country must accept bitcoin as currency for all debts both public and private. It says that there is no capital gains on bitcoin there because it is a currency. It even says that there will be some sort of a fund holding reserves of bitcoin! On a twitter moments call going on at the time of voting El Presidente called the fund a clearinghouse, and suggested it will be $150 million worth to start out. He answered tons of questions on that call, you'll definitely want to get your hands on the transcript when someone publishes it. Bottom line: El Salvador is buying ~$150mm worth of BTC to add to its treasury very soon and everyone in El Salvador (7 million ppl?) will all be carrying bitcoin on their phones in 90 days from now and paying for everything over the lightning network. Also, I wonder how many altcoins were selling themselves as a form of money... Bcash, Dash, litecoin, etc... What use will they have once lightning network BTC is literally legal tender in millions of users hands? [link] [comments]  |
| This is the first time I've bought on news despite really bad technicals. Posted: 09 Jun 2021 04:57 AM PDT Not going to lie, the bitcoin chart still points straight to hell. But I'm buying strictly on principle. As of tonight Bitcoin is no longer another 'crypto asset'. It's a fucking currency. Even if I were to straw man, I'd argue it's just a shitty 3rd world currency only accepted in a single narco state. Who made them a narco state and why? It was the military industrial complex and it was to prop up the dollar. What the fuck is bitcoin for if it can't solve this problem? [link] [comments]  |
| How to keep calm when trading Bitcoin and cryptocurrencies Posted: 09 Jun 2021 06:36 AM PDT |
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