TheMotorcycleBoy wrote:Radical man!
TheMotorcycleBoy wrote:The salary will be converted to Ethereum and Bitcoin, the statement added.
Then presumably converted straight back into dollars so he can pay his mortgage, taxes etc?
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TheMotorcycleBoy wrote:Radical man!
TheMotorcycleBoy wrote:The salary will be converted to Ethereum and Bitcoin, the statement added.
NotSure wrote:TheMotorcycleBoy wrote:Radical man!
TheMotorcycleBoy wrote:The salary will be converted to Ethereum and Bitcoin, the statement added.
Then presumably converted straight back into dollars so he can pay his mortgage, taxes etc?
TheMotorcycleBoy wrote:NYC Mayor Eric Adams to receive first paycheck in cryptocurrency via Coinbase
Jan 20 (Reuters) - New York City Mayor Eric Adams on Thursday said his first paycheck, to arrive on Friday, will be automatically converted into cryptocurrency via Coinbase Global Inc (COIN.O).
The salary will be converted to Ethereum and Bitcoin, the statement added.
Indeed.Clitheroekid wrote:Well I hope he converted it quickly!
Pendrainllwyn wrote:
but investing in a "currency" that can lose 26.7% (Bitcoin) or 36.3% (Ethereum) of its value in 3 weeks (these are 2022 YTD price movements) for no too obvious a reason is too speculative for me even if it might double in the next 3 weeks. The same goes for non fungible tokens.
Pendrainllwyn
1nvest wrote:
Much of Btc seems to be ramping/dumping 'insider trading' that regulation would otherwise prohibit.
seekingbalance wrote:1nvest wrote:
Much of Btc seems to be ramping/dumping 'insider trading' that regulation would otherwise prohibit.
How can a crypto currency, with no business, no company running it, no "owners", no employees, have "insider trading"?
NotSure wrote:seekingbalance wrote:1nvest wrote:
Much of Btc seems to be ramping/dumping 'insider trading' that regulation would otherwise prohibit.
How can a crypto currency, with no business, no company running it, no "owners", no employees, have "insider trading"?
I cannot speak for 1nvest, but I assumed he was referring to the fact that there are a small number of individuals who hold vast amounts of BTC (known as 'whales'). They can trade between themselves and drive (manipulate) the market direction if they choose. This is apparently known to have happened in the past. Not sure if that is legal with shares? I would imagine this is even more true for 'altcoins', but I am speculating (no pun intended....).
dealtn wrote:
If "manipulation" was possible as you describe, and they are trading amongst themselves, and each own large holdings, why would one side of that trade "allow" themselves to be manipulated against?
TheMotorcycleBoy wrote:Two years on from the last post on this thread.....hmmm......
Is BTC still a bubble?
Cos it's rocketed of late. I'm assuming this is due of the launch of some ETFs to aimed as a simple vehicle to get a position.
Matt
The Bitcoin ETFs, though barely six weeks old, have taken in over $8 billion more than gold peers, already have 40% as much in assets and could pass them in size in less than two years.
JohnB wrote:Er rocketing is a key feature of bubbles...
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