Have you guys heard of Bitcoins?

[Hoser]

Time to sell or keep for future earnings?.

$5400

 

[Emailprivate]

3,712.50 United States Dollar

 

[Andrew_]

Now at $3500

 

[ROBERTSON]

Hope it goes down to $10, that the bit coin mementos you can buy on Amazon.

Those trinkets will probably, eventually worth more, but one can only hope.

 

[blackram]

I think the days of collecting Bitcoins are coming to an end. Now they may become more like regular currency, and may even enter the world of legitimacy, who knows? :unknw:

 

[Beef Jerky]

I think the days of collecting Bitcoins are coming to an end. Now they may become more like regular currency, and may even enter the world of legitimacy, who knows? :unknw:

Interesting analysis.

 

[Dadio]

Under $3200. I say sell don't but, the Warren Buffet method only works with blue chips stock and this one isn't.

 

[ROBERTSON]

I think the days of collecting Bitcoins are coming to an end. Now they may become more like regular currency, and may even enter the world of legitimacy, who knows? :unknw:

The only way bitcoin or other crypto "currency" can become legal currency, is for a government to make it so.

 

[blackram]

Well there are certain cryptos that are becoming de facto legal by their use through legitimate businesses such as banks. I think that the Ripple crypto was specifically designed for bank transfers in mind, which are supposed to be faster and cheaper than the existing SWIFT code money transfer system. I understand that the Canadian government is looking to use a fork of the Litecoin system to do inter-departmental budget transfers. There is a legitimacy coming to cryptos nowadays, Bitcoin just started it all off, but it won't be just all Bitcoin.

 

[ROBERTSON]

Well there are certain cryptos that are becoming de facto legal by their use through legitimate businesses such as banks. I think that the Ripple crypto was specifically designed for bank transfers in mind, which are supposed to be faster and cheaper than the existing SWIFT code money transfer system. I understand that the Canadian government is looking to use a fork of the Litecoin system to do inter-departmental budget transfers. There is a legitimacy coming to cryptos nowadays, Bitcoin just started it all off, but it won't be just all Bitcoin.

I don't think a system of money transferring by banks and governments, equates in anyway to a legal currency.

Bitcoin or anything like it, would NEVER be used as a system of fund transfer, for banks and governments.

 

[blackram]

I don't think a system of money transferring by banks and governments, equates in anyway to a legal currency.

Bitcoin or anything like it, would NEVER be used as a system of fund transfer, for banks and governments.

You can believe that if you like, but it's already being trialled. If you look at this Bank of Canada statement about regulating cryptocurrencies, down around the bottom you'll see that they are involved in a project to use crypto inside the government's own internal budgeting systems, called Project Jasper. Regulation of Cryptocurrency

 

[ROBERTSON]

You can believe that if you like, but it's already being trialled. If you look at this Bank of Canada statement about regulating cryptocurrencies, down around the bottom you'll see that they are involved in a project to use crypto inside the government's own internal budgeting systems, called Project Jasper. Regulation of Cryptocurrency

Once again, a system of transferring funds within government agencies, does NOT mean the government accepts Cryptocurrency as legal currency.

Do you actually think that governments have people walking around with bags of Canadian $20's between different agencies, let alone banks.


When funds are transferred, its mostly digital, has been for quite some time now.

Cryptocurrency is not even close to being considered legal currency by Canada, a Looney is legal tender, a Bitcoin is NOT.

As per your link,... "However, cryptocurrencies are not considered legal tender in Canada.[3] According to the Financial Consumer Agency of Canada, “[o]nly the Canadian dollar is"

EDIT: I kinda screwed up, when I stated that Bitcoin or the like would not be used for funds transfer, I should have been more clear, in that Bitcoin is quite a bit different than the system the government is looking at, and because of those differences, Bitcoin would not be considered.

 

[Butch]

Over $92 Million in Bitcoin Lost Forever, Why this could be a Bullish Sign?

 

[ROBERTSON]

The latest stupidity by a government regarding this cryptocurrency idiocy.

"Canada's largest cryptocurrency exchange was granted protection from its creditors Tuesday as it deals with the fallout from its founder's death and the virtual company's inability to gain access to $180 million in digital assets believed to be locked in his laptop"

So protection from creditors for what is essentially,... a gambling site?

And,... "a virtual company",... what the hell does that even mean ?

Fricken idiots, but who ever said judges were anything but,...

 

[Anto]

People are losing their life savings. Avoid at all costs.

 

[Poroit]

$3800 US.

 

[God]

[h=1]Hackers steal $41 million worth of bitcoin from Binance cryptocurrency exchange[/h]
https://www.reuters.com/article/us-...binance-cryptocurrency-exchange-idUSKCN1SE0FK

 

[Prick]

Jesus, hit $12,000 Canadian

 

[GUEST]

Teasing us again.

 

[Daredevil]

When insurance companies start getting involved then this must be real.


The cryptocurrency insurance market is expected to grow at a faster rate if United States regulators provide more regulatory clarity, according to industry experts.

As Forbes reported on Sept. 5, CEO of San Francisco-based cybersecurity agency Coalition, Joshua Motta suggested that the market for digital currency insurance is now worth between $200 million and $500 million in premium revenue. He expects the market to outpace the current 20% to 25% expansion rate of the cybersecurity insurance sector.

Lloyd?s of London, the world's leading insurance market providing specialist insurance services to enterprises, seems poised to become one of the major players in the crypto insurance sector following April news of Coinbase revealing insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via Lloyd?s. [h=2]?The next cyber?[/h]
According to Eric Boyum, head of the technology insurance brokerage arm of Aon ? an insurance broker that purportly occupies 50% of the crypto-insurance market ? the crypto market insurance sector would grow even faster once U.S. regulators clarify whether digital assets are deemed securities and should comply with the same laws that govern public companies.

Commenting on the issue, Ty Sagalov, insurance industry veteran and founding member of the first licensed and regulated insuretech company in the U.S. Lemonade

https://cointelegraph.com/news/crypto-insurance-market-to-grow-lloyds-of-london-and-aon-to-lead