Bitcoin 34000 US$ as of today!

[troubled soul]

the whole crypto market is worth about 1T USD, it is estimated that about 2T USD is laundered every year worldwide.
only the US dollars allows to launders a limitless amount of money.

Market cap and daily transaction are two different things.
Market Cap

$24,280,354,892

Transaction Value
$166,990,474,820

That's my point Nobody is getting here is the major user of crypto is shady people and they do not care about the price.

 

[nomad999]

the whole tether fud is a total joke ... the whole thing is as legit as any major banks are ...

 

[troubled soul]

the whole tether fud is a total joke ... the whole thing is as legit as any major banks are ...

Whole concept is about transferring money
P2P,
small fee,
internationally
NO KYC NO PAPERWORK.

People take it to this "price" point of view.
few people understand the real use of this thing.

 

[troubled soul]

I do not love or hate bitcoin.

What I try to say that the whole debate about the "price" is nonsense .

 

[nomad999]

its not so easy to transfer in and out of bitcoin without KYC, for small amounts yes sure but no better than cash already is.
its actually easier for the authority to track money launderers who uses bitcoin because of the transparency nature of the bitcoin ledger.

not sure I get your point about the price.

 

[12345]

its not so easy to transfer in and out of bitcoin without KYC, for small amounts yes sure but no better than cash already is.
its actually easier for the authority to track money launderers who uses bitcoin because of the transparency nature of the bitcoin ledger.

not sure I get your point about the price.

I heard many times that bitcoin can be traced easly can someone explain how? If I create a wallet that doesn't require any information, use programs to hide my ip and I transfer it to some guy for cash for example, how can they find me?

 

[exprtadvisrdev]

I heard many times that bitcoin can be traced easly can someone explain how? If I create a wallet that doesn't require any information, use programs to hide my ip and I transfer it to some guy for cash for example, how can they find me?

They can't, if your coins don't touch anything related to you (private exchanges for example) then it's impossible to find you

 

[nomad999]

I heard many times that bitcoin can be traced easly can someone explain how? If I create a wallet that doesn't require any information, use programs to hide my ip and I transfer it to some guy for cash for example, how can they find me?

obviously if you exchange for cash then it get harder or impossible to get any information since cash is truly fungible. unfortunately bitcoin is not and probably never will at layer 1 at least.

for large transactions it would be very difficult to hide since the whole banking system worldwide impose KYC.

 

[Martin Everson]

Can you put some light on my thought ?
Am I right ? or Fool who think nonsense.

Thanks

You are right.

It is being used to launder money in some cases. It is also being used to evade capital controls in developing countries. I discussed it in below link:

https://www.offshorecorptalk.com/th...rency-exchange-restrictions.27555/post-113441
The price of bitcoin as you say does not matter so much to organised criminal gangs. It is just a medium to transfer money across borders with unparalleled ease, privacy and speed. BTC being so liquid it is a suitable medium alongside other liquid and more stable cryptos like USDT. A drug dealer could buy i.e 2kg of coke from Columbia for i.e 2 BTC instantly. The drug supplier then can liquidate the BTC instantly into the market place via a partnering crypto exchange anywhere in the world and then into banked fiat easily. It is a no brainer to use crypto compared to riskier wire transfers, bulky physical cash or other financial instruments that require more concealing and effort.

Anyway bitcoin is naturally volatile as it is a speculative instrument with no fundamentals and its price movement will have little to do with what I said above sadly.

Tell me the pump is not over....lol. I am sure there is more buying idiots out there to push the price back up...come on......lol.

 

[JackAlabama]

You are right.

It is being used to launder money in some cases. It is also being used to evade capital controls in developing countries. I discussed it in below link:

https://www.offshorecorptalk.com/th...rency-exchange-restrictions.27555/post-113441
The price of bitcoin as you say does not matter so much to organised criminal gangs. It is just a medium to transfer money across borders with unparalleled ease, privacy and speed. BTC being so liquid it is a suitable medium alongside other liquid and more stable cryptos like USDT. A drug dealer could buy i.e 2kg of coke from Columbia for i.e 2 BTC instantly. The drug supplier then can liquidate the BTC instantly into the market place via a partnering crypto exchange anywhere in the world and then into banked fiat easily. It is a no brainer to use crypto compared to riskier wire transfers, bulky physical cash or other financial instruments that require more concealing and effort.

Anyway bitcoin is naturally volatile as it is a speculative instrument with no fundamentals and its price movement will have little to do with what I said above sadly.

Tell me the pump is not over....lol. I am sure there is more buying idiots out there to push the price back up...come on......lol.

Is what I also hear the tide of capital flight coming from the communist eu coming or am I just having nightmares? lol

 

[Martin Everson]

Is what I also hear the tide of capital flight coming from the communist eu coming or am I just having nightmares? lol

By capital flight I hope you mean migration. As most EU countries tax you on world wide income so moving money out the EU makes no difference if you are still resident in it

Capital flight or also millionaire exodus has already happening for some years in many countries.

https://money.cnn.com/2016/04/01/news/millionaires-fleeing-france/index.html
The EU will tighten it's exit taxation rules in future to include people and not just companies. So as always I will say get out of the EU while you still can.

 

[Davis123]

By capital flight I hope you mean migration. As most EU countries tax you on world wide income so moving money out the EU makes no difference if you are still resident in it

Capital flight or also millionaire exodus has already happening for some years in many countries.

https://money.cnn.com/2016/04/01/news/millionaires-fleeing-france/index.html
The EU will tighten it's exit taxation rules in future to include people and not just companies. So as always I will say get out of the EU while you still can.

Excellent advice.

 

[erni]

The EU will tighten it's exit taxation rules in future to include people and not just companies. So as always I will say get out of the EU while you still can.

I will pray to god I will be able to do so in the near future.

 

[Davis123]

I will pray to god I will be able to do so in the near future.

I wish it would have helped me. We have been given a brain and decision power to decide quickly or precious time is lost. Time is a precious commodity. Use it very wisely. As I learnt a lot in my life.

 

[JackAlabama]

w

By capital flight I hope you mean migration. As most EU countries tax you on world wide income so moving money out the EU makes no difference if you are still resident in it

Capital flight or also millionaire exodus has already happening for some years in many countries.

https://money.cnn.com/2016/04/01/news/millionaires-fleeing-france/index.html
The EU will tighten it's exit taxation rules in future to include people and not just companies. So as always I will say get out of the EU while you still can.

Yes, i mean that. Pack up your stuff and leave the sinking ship in the physical sense.

 

[myshufflemix]

Do you regard this fiat coin usdc to be safe from regulatory risk? It is like from conbase but I am still unsure if it is not better to split among the many stable coins.
After all, centralized projects are very easy to attack by regulation.

I believe they will have difficulties to regulate something on a Ledger Nano S or how would they be doing it?

 

[JackAlabama]

I believe they will have difficulties to regulate something on a Ledger Nano S or how would they be doing it?

the stable coins (like icos) are companies (besides dai) and hence their management can be arrested, bribed, blackmailed and what not by Mr. Global (or however you wanna call these global regulation crowd).

 

[Martin Everson]

the stable coins (like icos) are companies (besides dai) and hence their management can be arrested, bribed, blackmailed and what not by Mr. Global (or however you wanna call these global regulation crowd).

Nothing like a good federal indictment to make a person turn Tekashi 69 real quick . They will set you up, watch you for years or even a decade and then pounce on you.

 

[JackAlabama]

Nothing like a good federal indictment to make a person turn Tekashi 69 real quick . They will set you up, watch you for years or even a decade and then pounce on you.

Yeah. Fatten the goose first and then enjoy the good meal as to speak

 

[EliasIT]

Nothing like a good federal indictment to make a person turn Tekashi 69 real quick . They will set you up, watch you for years or even a decade and then pounce on you.

Could be the true story for a lot of people I know of... damn we are slaves of this new world