Volatility is always scary.

I thought that before, having regulation would ensure that cryptocurrency have a place to stay. Including tax and or transaction related charges.

but the bigger risk is, eg USA just outright ban the transactions. Unlikely since most of the origin of cryptocurrency is based in USA?

For USA to ban cryptocurrency, means they need to argue against having cryptocurrency. of which we have the following, they dont control the minting of cryptocurrency.

Just how much effect cryptocurrency have on USD? -- if the effect is it boost USD --- for sure they will keep it going. If it devalue USD... you betcha -- ban hammer coming. Even if you got institutional investor blah blah...
China and India already ban. - but they are trying to do their own cryptocurrency.
To me, I think of cryptocurrency as a politically neutral currency. but it is just way too volatile and I do not think it will go to the moon.

Is cryptocurrency a trap to burn all fiat currency? maybe, because now people are using hard earned fiat to buy crypto- and once it hits a certain level, the government just come out and say ops sorry, we dont want you to cash out your crypto --- ban hammer. After that, all your "hard earned money is trap in crypto with no use and no ability to convert to fiat for usage"

Is that the real reason China ban it?
Just be careful. Dont borrow money to sink into crypto.
eg. just like we use hard earned fiat money to buy gold coins in World of Warcraft --- ever think that it may be one way only? because it could be. and for US federal reserve, does buying cryptocurrency using USD have the same effect as taking USD out of circulation?

Hallooo... bitcoin has been traded in Malaysia long ago in p2p method. The value is there even without licensed digital exchange.

Bitcoin is legal tender and recognised as a currency in El Salvador.
Anyway even if 0 countries did, as long as there are enough people that recognise and accept crypto as a currency, it can be.
People use cryptocurrrencies in Venezuela and Argentina because the bolivar and peso are shit.

I dont think u know what is P2P. When we trade in Malaysia market the price will be in RM instead of USD. And bitcoin price is different in every country by 0 to 10%.  Bitcoin has been traded without licensed exchange for many years worldwide. The value has nothing to do with licensed exchange. I have been trading 4 years in p2p. Dont lecture me bro and stop giving wrong info.

Read back this post. What are u talking about p2p covert to other currency then ringgit. Do u understand what are u talking about.
Then now u relate p2p to blackmarket. Google search p2p if you do not know about it. And again bitcoin value has nothing to do with exchange or p2p. It is about the demand and supply thats why the price exist.

lol I know nothing about crypto.
probably should learn before speaking

I just share this article for those of you in the crypto subforum to stay alert and vigilant.
oh really?

All my assets are traditional, time-tested securities like cash and equivalents, stocks, bonds, and mutual funds.
nobody asked

sure kick us when we're down, ill be sure to tag you in a year or two in reply

On a call before Binance pulled an about-face and bailed on its takeover offer, Bankman-Fried informed investors his crypto exchange faced a shortfall of up to $8 billion and needed $4 billion to remain solvent, the person said, asking not to be named discussing private talks.

https://www.bloomberg.com/news/articles/202...nkruptcy-likely

Ftx was worth $32 billion not long ago. If the emperor is naked, what about others?

How bad were FTX's internal controls?

https://mobile.twitter.com/GRDecter/status/...272102047580161

Similar could happen at other crypto outfit.

Only after the tide turned will discover who was swimming naked.

too bad, they didn't hire me. If not, they won't bankrupt de

Funny this FTX issue only cause BTC to break 18k to 17k. By right, it should be in the bottom of sea already. Look like diamond hand area.

Inflation number veli bad

has anyone experience getting blocked online transfer from bank side when trying to deal with P2P?

I just experienced it when trying to transfer to a seller at Kucoin

why prices in luno are dumped?

that why can't under why it was dumped till 128k during 1am-6am

i know all of these, but why such buyers wanna dump since price is up

i have some bitcoin in nicehash, what is the best way to withdraw to our local bank now? Still Huobi?

If I only have a savings account for my bank, will that work or bank will give me call to ask about the multiple transactions? Or must I open a current account before withdrawing to bank?

I see, but the amount that I cash out per month or per week cannot be too much right? Like is there a max amount (20k, 30k etc) or amount of transactions I can do for a savings account so bank won't have any problems with it? Cause I'm currently using Huobi to cash out, but I want to transfer to Luno and cash out because it seems much safer than P2P.