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https://finance.yahoo.com/news/facebook-presses-ahead-with-crypto-initiative-in-bold-move-to-fix-broken-payment-system-203559834.html Anyone who still thinks that crypto isn't going to "happen" is delusional or in denial.

No such thing as a GM cheating. Can't break the rules when you are the one making them up as you go :emoji_grin:

VET up 25ish percent in the last 5 days. Need more news like this and I bet we see a dollar by year's end: https://finance.yahoo.com/news/vechain-targeting-multi-billion-dollar-001000464.html

According to conventional wisdom, yes there is one more big dip coming up before the "spring". The biggest dip of them all if you believe we have been in an accumulation phase. Again, this is assuming you believe in Wyckoff.

Certainly happy to see MATIC up so much (it's my second biggest holding) but it's kind of strange that the poly hack that literally just happened seems to have zero effect on its price. Stuff like that just further convinces me we retail investors are totally clueless about the actual forces...

But why would you.... Nevermind.

Bullshit lol

Nah, actual ETH people have acknowledged for a while now that 1559 wasn't going to do much to lower fees. The primary objective was to initiate ETH burn and lay the foundation for future updates that WILL eventually lower fees. Most people expect some fee stabilization from 1559 though. I.e...

Love it or hate it, it's pretty clear crypto is happening. Those who don't embrace it are going to be left behind. That includes the US

This has been the general reaction from the ETH crowd:

Reading the article, it seems like there are some work arounds even if the amendment passes, which is no sure thing. Looks like we have some BTC Maxis in the Senate lol. Or at least the BTC folks are better at lobbying and are using their political capital to try and kill ETH. That's actually...

Creeping towards 3k ETH...

That's not what he's saying lol. He says based on his "studying," he found there was a lot of "hype" in the crypto market but their was real value to BTC, distributed ledger tech, etc. That's a far cry from saying BTC is the only real innovation, or whatever nonsense that tweet suggests...

Ok Yes, this is what everyone in this thread (or at least 90% of us) told you would happen.

Posted June 10 Took literally the entire month of July for this to come true, but here we are...

Also

I'm personally not expecting much of a bump from 1559. The investors who know what it is have already priced it in. The ones that don't aren't going to notice anything immediately different when it happens.

I mean, it goes without saying, but: 1. Plenty of things already put Americans' money at risk, from the stock market, to inflation, to government mismanagement, to Las Vegas. And 2. Americans have every right in the world to be allowed to risk their money however they feel.

It's a stupid thing to say, but no great surprise coming from the Chair of the Senate Banking Committee

Amazon definitely has problems with it's supply chain infrastructure. Especially when it comes to the fake/counterfeit goods angle. There are a lot of articles out there on the subject so I won't go hunting, but here's just one of them: Welcome to the Era of Fake Products Ironically combating...

You might be right. But I don't think Amazon gives a fuck whose toes they step on. And they have the resources to make a coin or token (or whatever else they wanted) happen very quickly if they wanted to. But if they are just now getting around to the first steps of hiring a crypto team, it...

I don't see why they wouldn't come out with their own coin tbh. There really wouldn't be anything stopping them from coming up with something similar to the VET/VTHO dual coin. Edit: Don't get me wrong, I'd much rather they just adopt VET so I can retire... but I doubt that will happen.

I have no doubt. But take it to the next level: Company scrip - Wikipedia. Amazon only pays its employees in Bezocoin or whatever, which is only redeemable at Amazon.

Agreed.

https://www.reuters.com/business/retail-consumer/amazon-denies-report-accepting-bitcoin-payment-2021-07-26/ "Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson from Amazon." Womp womp...

This can't possibly be legitimate...

Yeah, 40k is definitely a heavy resistance line. I can see it breaking resistance if we get actual confirmation of the Amazon news, especially if we get follow up indications that other companies are thinking of doing the same. That said, if Amazon confirmation takes a while we will probably...

It would be wacky if it dropped that low, ya. But I wouldn't be surprised at all to see a dump down to the low 30s.

This is 100% possible. I think the tether issue may be the cause of the last deep crypto dip we get before main stream adoption.

0% chance of this happening.

A Tether reckoning has been coming for a long time. Only question is how seriously it impacts the crypto market when it collapses. Edit: Market seems unfazed by tether FUD.

If BTC can break 40k, that's when things get really interesting.

Well boys, it's on. Insider reporting Amazon to begin accepting BTC and put out its own token by 2022. Assuming this is confirmed (and that's a big assumption) it's hard to imagine how big of a catalyst this is going to be for cryptocurrencies. Hope everyone has their positions already set...

This is exactly right. And it includes BTC.

We are getting a crypto trend reversal today. Friday evenings have been a significant down day for crypto for quite a while, but we just got a big bump. Checking around I'm seeing lots of hype (as opposed to the normal FUD). Wonder if the accumulation phase is coming to an end and we are...

Let's be honest, crypto is the wolf at the door for trad finance, especially banks like JPM. They are responsible for a ton of the FUD that gets thrown out about crypto for a reason. If crypto ultimately reaches its natural conclusion, banks that have failed to adapt will cease to exist. I...

https://finance.yahoo.com/news/no-european-union-not-banning-171752952.html The E.U. Commissioner for Financial Services may have misunderstood the meaning of her own statement. The reality is hard to imagine.

Wild guess here, but it could mean that whales are expecting an imminent surge in ETH transactions, which would drastically increase the cost of said transactions. MATIC of course being currently the best solution to expensive ETH transactions. Probably related to the implementation of 1559 in...

Well, MATIC is up 32%, on the day compared to ETHs 10%, so yes?