Bitcoin 34000 US$ as of today!

[troubled soul]

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]

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]

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 they︀ find me?

 

[exprtadvisrdev]

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]

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]

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 like︀ USDT. A drug dealer could buy i.e 2kg of coke from Columbia for i.e 2︁ BTC instantly. The drug supplier then can liquidate the BTC instantly into the market place︂ 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 physical︄ cash or other financial instruments that require more concealing and effort.

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

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

 

[JackAlabama]

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

 

[Martin Everson]

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 the︀ EU while you still can.

 

[Davis123]

Excellent advice.⁢

 

[erni]

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

 

[Davis123]

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

 

[myshufflemix]

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

 

[JackAlabama]

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]

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

 

[JackAlabama]

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

 

[EliasIT]

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