FX

Mosquito_666

But $100K isn't what it was 6 months ago 🧐😃 [USD/EUR](https://www.tradingview.com/symbols/USDEUR/?exchange=FX_IDC&utm_source=androidapp&utm_medium=share)

thesatdaddy

Yeah much more robust for sure imo. He actually tries to measure flows and real liquidity, not just making the mistake of looking at static M2 + FX noise. Way more in depth than simple Global M2 charts you see on X

2-bit-tipper

This post is a how-to guide explaining step-by-step how to link a Bank of China (Hong Kong) personal account to your Mainland-China WeChat Wallet so you can top up and spend Hong Kong dollars (HKD) directly—bypassing the usual mainland RMB wallet, avoiding the annual US $50 000 foreign-exchange quota, and getting real-time FX rates. The author even outlines a full “loop” for crypto-oriented users: deposit USD into an overseas brokerage (Victory Securities), convert to HKD, withdraw to your HK bank card, then spend via WeChat.

thesatdaddy

No it’s not a reasonable approximation. There’s no daily M2 data. applying FX changes to old numbers doesn’t make it M2, it just creates noise

thesatdaddy

no its not a reasonable approximation of the data at the daily level. there is not data at the daily level. measuring fx rates has nothing to do with measuring m2 its just noise >No it’s not a reasonable approximation. There’s no daily M2 data. applying FX changes to old numbers doesn’t make it M2, it just creates noise

thesatdaddy

Good question and yeah on the surface that sounds reasonable. The issue is when you apply daily FX moves to M2 while the underlying M2 data itself hasn’t changed what you’re really doing is turning “Global M2” into basically an inverse dollar index. You’re not seeing any real money supply growth you’re just seeing USD weaken and foreign M2 look bigger when translated back to dollars. People present it as if “Global M2 went up so Bitcoin will go up X days later” which is totally misleading

tokyo_aces

"If I exchange $ for £, and the exchange rate changes to my favor, so when I change it back, I make money - **why don't I pay taxes on that?**" That question is based on a false assumption of not being obligated to pay taxes on FX gains. This was reinforced when you contrasted to crypto gains which you correctly point out do carry an obligation to report gains. (otherwise, maybe you just worded your sentence awkwardly...?) So I merely wanted to let you know that the obligation extends to all profits, whether FX, property (US crypto), income, whatever. Then you can make your own (informed) decision about what to do next. I purposefully did not comment on whether it was theft, or any moral/ethical implications of either the taxation or avoidance of such. It's not my place to tell you how to live :) Have a great day!

External-Advice860

I think that's only the displayed price, i.e. the USD price recalculated to EUR, based on the current FX rate. The base currency that fund is operating on, is still USD. [https://www.justetf.com/en/etf-profile.html?isin=XS2940466316#basics](https://www.justetf.com/en/etf-profile.html?isin=XS2940466316#basics) you can look under "basics->Fund currency", and you will see it's labelled as USD.

Swapuz_com

Currency impact on Bitcoin holdings! A trader shares frustration after buying BTC at **$89K** in February, only to find that the weakened USD against the euro has pushed their break-even price to **$98K**. Despite BTC returning to its original price, FX fluctuations keep the portfolio in the red. Could this be a hidden risk for international investors?

FIREATWlLL

Quadratic funding is interesting, but funding what? Crypto projects that provide services for other crypto projects, but ... it just ends in meme coin trading (gambling if you aren't a quant) or FX facilitation (which is useful for corrupt nations). Multisig is cool but isn't limited to crypto. DEXs, again just trading meme coins. I'd love to see a DEX trade real-world assets natively (stocks, bonds, etc) but not really happening, they always go through centralised entities. Tokenisation of assets is cool but no real utility yet (that I'm aware) -- stocks, bonds etc are not native to blockchain so tokenisation of these just adds more haircut. Smart contracts are great, but when they are contracts for things that have real utility. I see how blockchains could be amazing but they aren't yet, no one has innovated something that provides real world utility. Yes lots of projects/platforms/etc would make blockchains a great medium, but these things are just facilitators and do not provide utility in and of them selves. If something comes along with real utility then these facilitators will be, by extension, of real-world utility. I love the concept of DAOs etc, but its not been done successfully (as far as I'm aware).

choicehunter

* Sanctions & P2P Volume: Measure if P2P Bitcoin trading volume (check Useful Tulips/historical data) significantly increases in countries after financial sanctions are imposed. Use regression analysis. * Inflation & Adoption Proxy: Test if Google Trends search interest for "Bitcoin" measurably correlates with high inflation rates in specific countries (like Turkey, Argentina). Quantitative time-series or panel data. * Volatility & FX Rates: Analyze if Bitcoin price volatility is linked to increased local currency exchange rate volatility, particularly in nations with capital controls or high inflation. * "Digital Gold" Test: Quantitatively compare Bitcoin's returns to Gold and stock indices (e.g., S&P 500) during market crises (high VIX periods) to test its safe-haven characteristics. * Data is Key: Check data availability FIRST! Reliable, geographically specific crypto data (P2P, flows) can be tough to get. Look at academic sources, Kaiko, Coin Metrics, IMF/World Bank before committing. * Keep it Focused: Pick one specific, testable relationship for an undergrad thesis rather than trying to cover everything. Good luck! Lastly I think I'm obligated to finish to finish up in this subs ' native language:: Even if your data is noisy and correlations are weak, remember the real thesis: Number Go Up. Stack sats, HODL on, Bitcoin if the apex money, central banking sucks, your still not bullish enough, and Bitcoin fixes this. In fact "Bitcoin fixes this" could be your title or concluding statement just for kicks. Then the Bitcoin council will officially induct you to be you one of us.

FIREATWlLL

I work in crypto. I speak to many people in industry and those who have amassed huge wealth through crypto. Not a single person has been able to tell me how ETH has provided genuine and sustainable utility. Corrupt nations with poor FX have been provided utility, and there are platforms/ecosystems that provide utility to these and meme coin gambling (analytics, DEXs, etc), but beyond that there is nothing yet. I'm not saying there won't be, but it hasn't happened. BTC could be a long term value store (if it eventually stops being so volatile and therefore mitigates risk of fear (during market shocks) sending it to near 0), ETH won't compete with BTC in this regard so has to be able to provide utility. Instead of just being aggro you could instead tell me why you think ETH have fundamental value, and maybe you'd shift my perspective. Otherwise you are just a gambler with an unfounded belief.

R4ID

> This is good point. XRP is made up liquidity. several billion in 24hr volume is "made up liquidity" lol >When a person is moving money he/she actually has the liquidity. No they dont because they arent offering the exchange nor volume. you just very loudly announced you dont understand the topic. > It doesn’t help at all to move it to made up currency between the transfer. when the currency has more volume, liquidity and lower fx rate. it does >If you transfer money from Singapore to Mozambique how does it help to convert to USD between? because USD has more volume and lower FX rate than the corridor for the singapore dollar/Mozambique metical.... do you understand how FX happens? apparently not.

Phylaras

People down vote anything that isn't positive news. It's quite possible that thing "recouple" from this point. $BTC is a sovereign currency devaluation hedge. We are not on the precipice of default. Watch FX markets for that -- the DXY would need to drop into the 80s for this to be a remote possibility.

No_Bandicoot2213

After a big win on a trade, many people withdraw to their bank account for security. Some use PayPal for easier access, though watch out for fees. Others keep a portion on exchanges for quick trading. How you spend it really depends on your goals whether it’s reinvesting or treating yourself. Just make sure to have a plan! For more tips, check out FX Leaders or ForexSignals.com!

FreakingFishFace

I’ve been trading for about six years, and I’ll back this up. Having a solid trading group makes a difference. I’m not in SilverBulls FX, but I know traders who use their signals as confirmation, and they’ve had good experiences. That said, no system is perfect. Always backtest before jumping in with real money.

GayCaterpillarlolol

Yeah, finding a good broker is a struggle. I wasted months hopping between platforms before I got my setup right. One thing that helped me was joining SilverBulls FX, they give out free trade signals and have a solid community that actually discusses broker reliability. Saved me a ton of time since I wasn’t just testing random ones. Plus, their learning materials helped me stop overtrading, which was half my problem in the first place.

RererevengeOfThaChee

Definitely possible! I trade Bitcoin after work too, but I usually look for swing trades rather than scalp, since there’s less time for fast action. SilverBulls FX has some strategies on using liquidity zones and price action that work even when you’re not glued to the screen all day. I found that balancing work and trading is all about finding your rhythm.

LexxM3

I personally agree with everything you’re saying. But … what does any of that have to do with BTC and, for that matter, any crypto. Neither BTC nor most crypto (scam or not) have anything related to GDP-level productivity (ie company stocks, physical commodities, etc.) and none (except stablecoins) are tied to any fiat of any particular country. Why does crypto (and in particular BTC) follow stock/commodities/fiat FX markets — that makes no sense at all. About the only thing that should be correlated to BTC is gold and other end-of-civilization-as-we-currently-know-it assets.

FreakingFishFace

It’s good that you’re thinking carefully before making the jump. Crypto has huge potential, but the volatility can wipe you out fast if you don’t have solid risk management. If forex isn’t working for you yet, I’d focus on refining your strategy first..maybe backtest more, stick to fewer pairs, or work on your psychology. One thing that helped me was using SilverBulls FX. It’s a free signal service that gives solid trade setups. Helped me avoid bad trades and spot better opportunities. Might be worth checking out before making a big switch.

magias

I don't know if anyone even clicked this link. They are not putting bitcoin in a FX currency reserve fund because of IMF rules. That is fundamentally not comparable to other types of reserves.

ProbablyMaybeWrong69

True but yen is the only currency that is actually stored. Like most citizens stack it in there bank. Swiss, Americans etc invest the cash. In the FX world MANY people are shorting jpy. So don’t underestimate the JApanese jpy

Latter_Produce5899

Inbox me for latest updates about trading. FX

Superb_Cup2701

https://1tg.top/7FX0LZ_dypqjl?i=copy $DOGE COIN MINING 🚀🚀🚀

AriesThef0x

Except form CNBC’s How markets are moving now tab. Could someone more financially literate than myself explain what it means when they say it’s getting more FX- like in action? > Bitcoin was last higher by more than 2% at $80,921.53, according to Coin Metrics. Overnight, it fell as low as $76,583.05, its lowest level since Nov. 10. “[Bitcoin] is a short term, liquid store of capital and an asset that can easily be temporarily liquidated to draw cash to cover collateral needs,” said James Davies, CEO at trading platform Crypto Valley Exchange. “Once other assets that are more impacted are liquidated, the bitcoin trade gets its liquidity back.” “It’s become a super cyclical asset — the first to drop with every bad news [event] as a convenient store of cash, but also the first to recover,” he added. “This further underlines why its use as a reserve is questionable but shows it’s getting more and more FX-like in its action, so adoption is spreading.  It would make sense to expect more volatility over the coming months as the world’s trade priorities change.

m-t-mind

I've created an advanced Deep Learning Artificial Intelligence model factoring in future quantum cryptographic mining rates for Bitcoin combined with Technical Analysis across FX markets and astrological alignments have calculated it's going to $69,420.

show_me_your_silly

What does the stock market bell have anything to do with cryptocurrency futures? Crypto markets are open 24/7, we trade bilaterally or through OTC if we can’t use exchanges. We don’t turn off our algorithmic systems and strategies over the weekend, that makes absolutely no sense. Do you think we have an “on/off” switch for our strategies? FX is open 24 hours, commodities are practically open 24 hours and Crypto 24/7. Who gives a flying fuck about the bell? Jim Cramer?

ImperPastorGrrrr

I just copy trades and I can short and long so doens´t matter. They are called SilverBulls FX btw in case you are interested. Profitable & Free

gowithflow192

haha. I like Cowen, he finds some interesting relationships. Most other crypto "analysts" are worse. But the stock analysts are WAY better than the crypto analysts. Check out: \- Click Capital \- FX Evolution \- MegaWhale Crypto (ok he's crypto but I like him because he actually says what his target prices are instead of just "risk levels" like Cowen).

Supercc

I bought most of my solana sub $10 after the FX crash so I'm Gucci my dudes.

tron1977

Visual FX… bitcoin was very popular in this industry early on.

AdjectivNoun

Its simplicity. Sure it’s rather complicated in how it’s implemented, with the miners, nodes, sha-256, etc. But what does it do for its users? It denotes ownership of a fraction that you can trade. It’s an immutable number in the cloud. It’s a pure global money that is so, so simple compared to the complicated stacked mess of the fiat legacy financial system. With fiat, you need loans to pay off loans. You need assets to keep ahead of inflation. You need to take risks in real estate and equities to maintain purchasing power. Central, unelected controllers tweak the supply and interest rates of money through incredibly complicated and obfuscated processes involving bonds, and mortgages, and FX markets, and bailouts, and QE, and QT, and yield curve control, and on and on and on with the layers and the smoke and mirrors. It so clearly demonstrates the corruption and inefficiencies of the systems we currently use, just by finding blocks every 10 minutes. It exposes lies and systems of control merely by keeping a simple promise of never inflating, never being restricted to a region, always operating. I believe in bitcoin because it’s good, simple money. People are catching on to what good money is. And it exposes just how bad, bloated and unfair fiat is.

420osrs

Right now Coinbase.  In a year or two? Believe it or not in-kind redemption.  There is a big push for you to be able to deposit btc and recieve btc etf shares. This isnt currently allowed at the moment for anyone but every etf applied for this.  When this is approved you can get shares and either sell the shares or get a margin loan against the shares as collateral for about 1% higher than the bond rate. FX my brokerage allows margin loans on ibit for 6%. I can get a loan on my ETF shares cheaper than I can get a car loan.  There are downsides where if btc drops a lot your brokerage will sell your shares to keep you in their margin ratios. You can get into a situation where they sell for you. Considering btc has had 90% drops before I never borrow more than 10%. 

CunningStunt_1

FX trading isn't the usecase i am referring too. I am referring to the use of SWIFT for crossborder payments. Messaging and currency conversation operate differently.

SirilowMamalowski

Most of the FX volumes that banks move are in future markets. For banks, the biggest problem is not how to move the money, but to reduce financial risk. How I see how the FX transfer relates to blockchain is: Large users go to banks to secure FX rates. Banks charge a fee higher than their risk management costs. Blockchain has the potential to reduce the middle man in that process, allowing each user to carry out their own risk management strategy, which if done well will save them money. For blockchain to attract more and larger users you need speed in the protocol and high market liquidity. I think XRP is doing particularly well in the liquidity issue. And this is only spot, we need better solutions for forwards. Appreciate the conversation :)

SirilowMamalowski

I think a crucial point here is the transfer volume. When you use a third coin as an intermediary (e.g. XRP) you want to hold to that coin as little as possible to secure the instant FX rate. Hence, the transfer speed of the blockchain protocol is crucial. However, equally important is the depth of the order book. When you move large volumes either you will eat a big chunk of the liquidity or it will take a long time for the limit orders to be settled. Both cases expose the user to uncertainty in your FX spreads. This makes it a risk management problem, where banks via the use of derivatives are excellent at managing these (they become demand uncertainty aggregators). In conclusion, for small volumes, crypto protocols are helping us users to save a lot on bank fees. It is already a mature and functional solution. For large volumes more liquidity is needed, which for some smaller currencies (e.g., latin american currencies) is a big barrier.

CoachC044Y

Assets by length of consolidation, least to greatest: Indices, FX, Crypto

medihub

1. “RippleNet can enable cross-border payments without touching XRP.” ✅ Correct, but missing context: • RippleNet itself is a payment messaging system, not a liquidity solution. • XRP and ODL exist for instant liquidity, removing the need for pre-funded nostro/vostro accounts. 2. “ODL requires significantly sized liquidity pools—how much volume is locked at present?” ❌ Misleading assumption: • ODL does not require massive liquidity pools upfront. It sources liquidity dynamically from exchanges in real-time. • ODL partners with major exchanges, using existing market liquidity instead of locking up capital inefficiently. 📌 Example: Ripple has partnerships with exchanges in key corridors, such as Bitstamp (EUR), Bitso (MXN), and Coins.ph (PHP), ensuring sufficient liquidity. 3. “Liquidity pools cost money, and AMMs set fees up to 1%, making ODL expensive (potentially 2% per transaction).” ❌ Exaggerated Costs: • Traditional cross-border payment systems (SWIFT, correspondent banks) often charge higher spreads (3-7%), especially for emerging markets. • ODL typically reduces costs by 30-60% compared to legacy systems. • XRP’s transaction fee is negligible (~$0.0002), with exchange spreads being the primary cost factor, not XRP itself. 📌 Example: MoneyGram (before Ripple ended the partnership) used ODL and reported 70% reduction in FX costs. 4. “Why use XRP instead of directly converting USD to GBP?” ❌ Ignores the core problem of pre-funded liquidity: • Banks and payment providers need nostro accounts pre-funded in GBP. • ODL allows institutions to avoid holding foreign reserves, freeing up capital. • Without XRP, international payments require multiple intermediaries, adding delays and costs. 📌 Example: USD to MXN via XRP takes seconds vs. traditional bank settlements that take 1-3 days. 5. “No large institution has ever adopted xRapid or ODL, and those that did were paid by Ripple.” ❌ Factually incorrect. • Multiple financial institutions have used ODL, including SBI, Tranglo, and Pyypl. • Ripple processed $10 billion in ODL transactions in 2022 alone. • MoneyGram, before regulatory pressure, publicly confirmed that Ripple’s ODL improved liquidity efficiency. 📌 Example: SBI Remit (Japan) uses XRP for remittances to the Philippines. Final Counter: • ODL is not just about payments, but solving global liquidity inefficiencies. • Traditional banking systems rely on locked-up capital, while ODL enables real-time liquidity without pre-funding. • Ripple’s growing institutional adoption disproves the claim that “no large institutions use ODL.”

futon_potato

Hi, also a software/database dev chiming in here. Few observations: * You list $ transaction volume daily as a success metric for these systems. SWIFT currently processes \~$4-5 trillion *daily.* * If the success metric is immutability or transparency, these can (and have) been implemented in traditional database systems for decades now * You've listed 3-4 "private/permissioned" blockchain implementations, each owned/operated/marketed by different banks. This is inherently antithetical to the core requirement of DLT: consensus. Each of these permissioned systems would have their own consensus mechanism/implementation that are either incompatible with each other *or* would require some bridge system (which is now outside of the closed consensus loop and defeats the purpose). * As a result of the above, if a company/org/individual decides to join JPMorgan's ecosystem for FX settlements, they're now automatically shut out of some other bank's The existence of these systems isn't an argument for the technology being better than traditional systems. It's more a result of institutions (mostly financial): * (a) hedging against traditional systems *just in case* and so that they don't fall behind * and (b) capitalizing on the ongoing hype in the sector Of the projects listed (and of those I've followed myself), the most promising is Canton as it aims to solve the 3rd problem I listed above (bridging consensus), but realistically that's still *years* out before I'd feel comfortable with my government adopting something like that. Elon's comment is nothing more than another attempt to pump his & TSLA's own crypto assets.

BlackjointnerD

70B+ in payments volume, 24/7/365 availability, and a global network across 90+ markets—covering 90% of daily FX markets. 60+ Licenses secured globally, including new Money Transmitter License approvals in NY and TX. So yeah that's called global adoption. Still not even the full picture

SpaceFaceMistake

Sorry to break it but it’s not it’s essentially the massive gap in low to high liquidity. Of that coin. If you try change to ANY OTHER COIN eg stable coin it will be worth around the same price as you swapped for it being $50 minus fees or dips or growth etc. but I wouldn’t hold for long.. it’s fake $ I did this with a coin I just read Online in a AI generated Post like 95% and I chose this coin on OP chain and I got it and I then had $10 into $500~ I was like omg and nearly brought more but I figured it out to be to good and googled why. And found it’s due to lack of buyers and the token being massively available and the price you see as a higher price is purely miscalculation via a massive difference to any or most other tokens that run with good economics and have supply demand that works and isn’t on one side the whole time EXCEPT having huge demand and a Limited supply AKA $BTC. So don’t Try make money from google posts or even on Forbes where it’s a “WHAT COIN TO MAKE BANK ON 2025” whatever. Just don’t even Ideas on TradingView are IDEAS AND NOT FINANCIAL ADVICE THIS IS WHY SO MANY PEOPLE LOOSE BIG ON BITCOIN AND ALTCOINS Ethereum whatever and then it’s up back above their buy price or sell price and then profit but they sold due to the hyper volatility we experiencing right now. That anyone in any other stock market or forex can’t comprehend anymore. It’s like 1-25% dips or gains daily and more so more than 1% which is like what FX changes in a day maximum. So yeah. Buy the peoples fear. Sel their greed! It works. Just be PATIENT!

Amber_Sam

Same can be said about bitcoin. I'm one of these people, paying for everyday items with bitcoin. Back to USD. Do you think there's no speculation? No hoarding? Purchases ONLY? No constant FX trading?

ElPeroTonteria

2018 I wanted to learn to trade… sub $25k account so PDT rules apply. So I went to FX and crypto…. I didn’t know what I didn’t know, it took me a while… 1st bought BTC around 5k and panic sold for a loss lolz… anyways, chased the 21 pump and got rekd spring 2021… held my meager sats on block-fi, thankfully moved them out a month b4 they collapsed… traded them for ATOM and was LPing it on osmosis with UST… so dodged the bullet but got hit by a bus… Anyways, I DeFid the winter and kept myself about delta neutral… I had a bunch of MOONs I earned (some I bought) and I took a portion of that and started my official BTC bag in the autumn of 2023… Reddit killed MOON and I sold the dead cat bounce and put the rest into BTC. I bought the dips through late 23 and all the big dips of 2024… I still hold a little bit of cosmos stuff (mostly AKT) but I plan to sell that early next year. Then I’ll be 100% BTC from here on out… I’m just gonna watch and see what is happening next year. If we really, truly go sovereign wealth, I’ll hodl forever. If it doesn’t happen (my guess) I’ll be looking to exit most of my BTC w a plan to re-enter w all available cash in about 18 months… I’ll be DCAing a small portion of every check into my trading account till next winter and still DCA in after that for next cycle…

syrupmania5

Canadian here and I measure things in US as well.  I own lots of USD denominated assets, including Bitcoin, so its obvious I would know the FX ratio at any given time.

Disastrous_Bobcat_94

Not the best strategy but as long as you understand the risk and are willing to take it, it's fine. I took around $70k personal loan and invested it in FX and made it all back plus some then the company collapsed. This was between ~2011-2015

apres_all_day

Bitcoin is not foreign exchange - the law requires FX to be issued by a sovereign. And I’ve heard over the last ten years that bitcoin is absolutely not a “security” 😂 It’s also not an instrument of credit.

Fluffy-Concert-3489

FX function X should go absolutely parabolical soon

renoirb

Okay. That’s maybe the equivalent of Outlook Express on Windows XP to you. But that’s a cheap, no transaction fee, and rising financial institution. The only fees are in FX. They’re not that cheap. But in that case, it’s just to experiment with a 10$ CAD worth of bitcoin, and that’s all she needs. What other would you recommend? I’m curious because I actually am using them. I’m very green in trading. My life’s focus for the last 20+ years was web development, I’m no newbie with crypto (cypher, asymmetric/symmetric keys, key derivatives, encoding in databases) and computer security. I was a bystander looking at crypto currencies since 2007. I’m fine with my choice of not having bought Mining Rigs and BTC. I don’t like gambling and I have stayed away from it. So. Please educate me. I’m curious what’s “better” than WealthSimple for Canadians. With no fees for transactions? As I have my USD, and USD accounts, I’m all good with the deal.

Screamerouk

I dont agree with most of the picks but heres mine: Pizzino Bros (macros and cycles) FX Evolution (as above with focus on main stocks and Crypto) Camel Finance (as above but pretty level headed) More Crypto Online (great TA) None of these shrill and you will need to have a degree of critical thinking (which you should anyway to survive in crypto). Stay away from any channel which bleats on about 100x coins. Watch these every day and get familiar with cycles, patterns and trends and you'll be fine.

foreycorf

I'm not misunderstanding the word stakeholders. It effectively means people who are heavily invested into Ethereum. Usually by both money and developer time. But possibly just money. My point isn't that they shouldn't have an interest in things my point is that is a very centralized way of governance. My point is that in the bigger scheme of things you can't use the argument of ETH decentralization to pit it against other random alts. It's the biggest alt, it theoretically has the best and brightest developers working on it because of its size. But when a developer on another chain comes up with something novel or when another chain is doing something better than Ethereum you can't run back to "but eth is decentralized!" Because it's just not. It's not in any meaningful way more decentralized than polkadot and in fact may be a worse company to pick as an alt-coin investor *because* of its "decentralization" as compared to a network like polkadot. Sure, polkadot is honest and upfront about saying "yes our network is controlled by our own system but inside our own system the *nodes of operation are decentralized*, and node operators who have a strong vested interest in our platform have a vote and their vote has actual weight." It is *so similar* in practice to the current state of Ethereum it's actually quite ridiculous polkadot has the colloquial label of centralization whereas ETH is somehow branded as decentralized. I've seen it explained elsewhere that Bitcoin is anarchical, polkadot is oligarchical, and systems like cardano are democratic with a leader who can veto any vote. I think this is pretty accurate. What I also think is eth would fit much more into the oligarchical description than anarchical. And unless you fit in the anarchical description I think your company is effectively centralized. Once again, nothing inherently wrong with centralization I just think it's important to point out that ETH is effectively just as centralized as cardano, polkadot, Solana, etc. Okay second thing. What is my main point about how is Ethereum in-league with the multinational institutions? You say it all sounds like hand-waving and sure, maybe you see it that way. That's fine. It's clear we do not share the same vision about that crypto is meant to accomplish in the world. Satoshi pretty clearly did not like or trust central banks. He didn't like the amount of control they have, their ability to debase the currency, the ability to loan at whatever rate they decide on a whim, the amount of trust required to interact with them. This is roughly my stance as well. When I say Ethereum is in league with that type of entity I mean I look at how the network participation is gatekept and what types of things are being built on top of and encouraged by Ethereum and I see "the same old thing." I see a network gatekept by a few thousand elites who can afford to play the game. I see central bank Lido offering 4% apr to lock your money up with a centralized party who is actually making 10-15% with the money you give to them. I see a network who propounded "code is law" roll back their entire network when someone found a vulnerability in their code. I see a central bank in digital form. Countries have no reason to build out a CBDC when Ethereum has built out and is acting as the very thing crypto was invented to eliminate. This is made clear by the BIS planning to use Ethereum to facilitate FX transactions (which obviously if an org as big as the bank of international settlements is releasing press about this then they have taken the time to talk to important figures at Ethereum and those figures have been accommodating). This is made clear by literal founding level members of Ethereum backdoor-selling controlling stakes of wallet/node technology to large banks such as JP Morgan. This is made clear by several tweets by vitalik himself essentially saying "nah the WEF isn't that bad guys you just need to get to know them." This is made clear by that same organizations labeling some coins (Ethereum is one of them) as "responsible," or "sustainable," while not promoting others. This is made clear by them using literally the same language in crypto and davos by promoting "stakeholder economics" which is really just code language for "the rich will control everything and you'll like it (or else)." Ethereum and altcoins like it can be a great tool to gain wealth. But make no mistake they are (mostly) all just altcoins who are willing to ride the coattails of central banks at the end of the day. Use them accordingly then funnel your money back home into BTC where they can't seem to get a foothold no matter how high it climbs. The best they can do is buy-in as well and that benefits hodlers anyway.

HalfRick

You’re describing the reason why many companies who have material parts of their revenues and/or expenses in another currency use derivatives such as FX swaps and forwards. In theory, BTC is just another volatile currency and they would treat it the same. In practice, very few companies have the infrastructure or even the interest to look into infrastructure to deal with crypto as a payment method. 

bumbaklutz

While not fully doxxed, the team bios include some interesting experience: https://docs.hegecoin.com/article/team For example Justin, the head of marketing, ran a quantitative crypto trading firm, was the Head of Algorithmic FX Trading Strategies and Oversight at Bridgewater Associates, the world’s largest hedge fund, ran a software consulting company in Silicon Valley for 7 years, and worked at Johnson Space Center on the flight software for the International Space Station. Rizz, head of technical, has worked with some of the largest companies in the world, doing compressive Financial/Operational Analysis, providing strategy for senior leaders and building automated solutions to streamline business processes. $HEGE has attracted a lot of talented people to the team and community.

Night-Spirit

Sure at a market cap of 4x that of the stock market, greater than the FX markets....SURE

Fluffy-Concert-3489

Perfectly predicted ZRX on my profile go check. FX is next! All in!

Fluffy-Concert-3489

Check my profile. Perfectly predicted ZRX. FX is next 🚀

Fluffy-Concert-3489

Check my profile. Perfectly predicted ZRX. FX is next 🚀

Fluffy-Concert-3489

I called ZRX perfectly. Next up is FX.

Fluffy-Concert-3489

Because there’s money to be made! Check my posts, called ZRX perfectly. FX is next to run

Fluffy-Concert-3489

Check my posts. FX is the next crypto alt coin to run, it’s still early.

ApprehensiveWay2986

FX I heard of FXI

Fluffy-Concert-3489

follow my profile. Currently all in on FX and ZRX

Fluffy-Concert-3489

ZRX and FX are both about to moonshot

Fluffy-Concert-3489

FX is going to rocket

syrupmania5

The financial system survives on fear.  People are so afraid of losing their wealth that they buy 3% yielding bonds, which they know loses to inflation. This means the debasement is largely voluntary in my view.  People can invest elsewhere if they wish, but if nobody buys bonds the government would soon fall apart as FX left the country. So as always bitcoin will do well, as will smallcap value, as will banks to a lesser degree.

veganmonolgoues

FX seems to be building momentum after a long accumulation phase. If it breaks the middle trend line, there’s a lot of potential upside. Definitely worth keeping an eye on for anyone looking for an early entry!

Fluffy-Concert-3489

FX

Fluffy-Concert-3489

If you’re not in FX your sleeping

Lemon_Club

You keep claiming that I'm saying one or another blockchain will be "necessary" when I never did. Yes institutions can choose whatever they want, but also yes I also think XRP is positioned to be the best choice for these institutions due to things such as speed and cost. Sure could all of these institutions all make their own tokens? Yeah, but then you'd quickly run into alot of similar problems that we currently have in the FX market. Makes alot more sense to have one industry standard that is trusted, that is a universal bridge currency. Also yes they will totally abandon traditional rails. Once institutions can do settlement to anywhere in the world in a matter of seconds, they are not going back to a system that takes days.

Lemon_Club

XRP scales better for one compared to stable coins. For example, if there are trillions of dollars in assets one day tokenized on the blockchain, it'll be extremely difficult for stablecoins to handle that much volume considering they're supposed to be backed 1:1 to Dollars, you're not gonna have trillions of dollars in Treasury notes just locked away. CBDCs will run into similar problems that traditional FX markets have now without a bridge currency. Once regulatory frameworks get settled out in big countries like the US and UK, I'd say XRP has much to gain, you know especially since they've been embroiled in an intense legal battle with the SEC that's about to be over. Even if institutions use Chainlink, they will still choose to use the digital asset that will be the fastest, cheapest, most reputable, etc, XRP is a strong contender to fill that role.

Xylber

He keeps printing according to TradingView: [tradingview.com/symbols/ARSUSD/?exchange=FX\_IDC](http://tradingview.com/symbols/ARSUSD/?exchange=FX_IDC)

Playful-Operation239

https://ibb.co/jwqR9FX

ModerateBrainUsage

You still haven’t addressed FX and gold, silver etc.

ModerateBrainUsage

The stock price doesn’t relate to companies activities. Look at Tesla or GameStop as extreme examples. Also added precious metals and FX in an edit. Neither one does what you’ve mentioned and that’s where bitcoin would be added to.

ModerateBrainUsage

I mean the flat 20% tax is exactly the same as for FX, stocks or any other asset/CGT.

exist270

Study incumbent bias: Everything they have been doing over their entire lifetime has been cemented as "working". All the richest people swear by certain strategies that are a century old, so they're simply making a copy trade & afraid to deviate from what historically "works" (60/40, real estate, FX, etc.). Who is going to believe that the Buffet/Munger/etc. squad is wrong. When they slowly realize that the game has changed, the rotation will be glorious. Stay humble & stack sats. 🤝

WTFisThatSMell

Modern warfare 2.  https://youtu.be/Dl0bDqxhfNA?si=6_MCOUlGqsm5onq- You might like maurders btw https://youtu.be/FX2BNMwH3Ag?si=jYQ0t97WWyGLU3Db

split41

Firstly WU, Wisely etc take close to 5-10% in fees from both FX conversions as well as their own platform fee. The fees alone, the amounts (many countries have caps of money leaving the country e.g. China) you can send and the fact you don’t need to sign up, or go through any KYC process is why crypto is better for remittance. Not to say other solutions aren’t propping up like mobile money, but I won’t go into that - a much better example - as you clearly don’t know enough about this topic to mention it. Loans So no example? You can get a loan collateralised against your assets in less than 10 mins. How has anyone benefited from that? What are you looking for me to provide stats on why ease of access to loans can be beneficial? There’s hundreds of papers on credit and economic growth, it’s what your central bank uses to expand or contract the economy. DAOs So your argument is that they’re all centralised - gave some shitcoin examples but didn’t mention eth - the topic of this thread. Etc vs eth is a classic example of community power. You know your argument is clear “cherry picking” - my barber owns a truck, therefore all barbers own a truck…. Is this how you wanted to spend your day? Going into a community you clearly don’t like and talking about things you’re not well versed enough in to even make a decent conversation? What’s the point here, what are we even doing?

le_bib

2021 was what in their text as the example when putting money into safe interest product lost to inflation. For every other year since the 1980s, putting in a 4-5% interest product would beat inflation. And these companies want predictable outcomes. They often edge vs currency fluctuations to not have to deal with +/- 5% FX fluctuations year over year affecting their results. Look how BTC behaved YTD: Jan: -3%. Feb: +45%. Mar: +12%. Apr: -16%. May: +6%. Jun: -7%. Jul: +4%. Aug: -10%. Sep: +10%. There is just no way any companies want to store their money into such volatile products. They are not in the business of investing into speculative volatile asset class and shareholders don’t want that. If ever BTC becomes stable, maybe then.

Free_Jelly8972

Shareholders are betting on Microsoft business operations not balance sheet management. That’s like asking a tech company to also be an FX trader with their balance sheet.

Lexsteel11

I mean from a business standpoint- most legacy accounting/payroll softwares support a number of currency FX rate conversions but don’t mess with crypto. So now we have a contractor asking to be paid in CumCoin that fluctuates in price +/- 20% a day so we just say no. Unfortunately bitcoin gets lumped in with “crypto” in those people’s minds so they just say no due to points of friction

Due-Concentrate2011

Mate, thanks for your answer. I have been trading for 5 years FX. Wanna add crypto on regular basis, interesting how anyone choose crypto for a day trading on watchlist. Maybe I will take smth new for me. 🤝😌

coinfeeds-bot

tldr; Cryptocurrency usage in Nigeria is rising due to a foreign exchange crisis and inflation, with transactions reaching $59 billion from July 2023 to June 2024. Nigeria ranks second on Chainalysis's Global Adoption Index. The FX shortage has led many Nigerians to use stablecoins for cross-border remittances and business payments. Despite government crackdowns, crypto adoption remains strong, driven by peer-to-peer transactions. Regulatory clarity is improving, with the SEC approving principles for crypto operators. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

bayareabuzz

China wont do this until its currency is more “internationalized”. If they did, their FX control vs USD will breakdown because BTC will be priced freely vs CNY. And if that creates a USD-CNY-BTC arbitrage, their careful manipulation of their currency will fail.

bayareabuzz

Its a simple FX swap. And CNY is only down 3% as of now, so if Feds do more rate cuts and the CCP does not get a recession, the gap will narrow by year end.

thefxmanCFD

Hey Guys, I am Relationship Manager for a CFD Broker. We are able to onboard clients from all over the world. Eg US, UK, Middle East, Europe Etc. We offer - FX, Cryptos, Gold, Oil, Indices and stocks - MT4 and MT5 - leverage up to 500:1 - Local funding methods - Relationship Manager plus 24/5 customer service team. Become a Partner • Introducing Broker (IB) refer clients and you will earn money each time they trade • PAMM Accounts - trade on behalf of a group of your investors. You can then charge performance/admin fees If you are interested to trade please let me know and I can send you more details about the platform and services

WineMakerBg

Sure, they have all the FX data, etc and the algos to analyze trends. Honest, not so sure.

BioRobotTch

Algorand are supporting third parties to build the stablecoins & exchanges required for on chain FX. There are already several stablecoins. Algorand has native atomic swaps which are perfect for FX exchange so the Herstatt risk is eliminated. There are a few interesting projects building things which may enable more on chain FX by adding more stablecoin usecases. Immersve + Pera Wallet + Mastercard are enabling stablecoins to be used to make mastercard payments. Some mainnet transactions for USDC have already been seen. Public live is expected soon. The way Immersve have built their smart contracts will allow them to extend to other stablecoins. I can see EURC being the next one due to the Eurozone having relatively clear regulation about how to handle stablecoins in the MiCA legislation. Immersve have said public payments in the eurozone will be available this year. The UN + Circle + Hesabpay. Is one that intrigues me. Hesab pay was a phone based payment system serving Afghanistan originallty used by the UN to distribute aid payments. This was seen as a success and now many payments for goods and services can be made. The UN consider it a success and now plan to roll it out to Afghanistan, Yemen, Syria, Libya, Sudan and Somalia. I am not sure how closely Circle are involved maybe they plan to use USDC instead of a Hesabpay created stablecoin for these geographies where the monetry systems can be complex. In Yemen for example only coins/notes created before 2017 are accepted in the north but all are accepted in the south. There are crypto based lending platforms like Folks Finance and CompX too where decent returns can be made on USD and Euro stablecoins. As the stablecoins variety currencies increases FX will naturally increase too. It will give customers a cheaper alternative to highstreet currency exchange with lower fees and spreads.

BTC-100k

FWITW, this is not true. Since this is BTC -> BTC without FX, it would be comparable to a wire transfer in the same currency. That would cost a company ~$10 USD to send, and the receiving business would be charged about ~$5 USD by their bank. If it were individuals, that number would probably be ~$45 USD to send, and the person receiving it would be charged ~$20 USD. The other downside of being 100x more costly overall is that the wire would take 3-7 days to settle versus minutes to hours, depending on desired block confidence.

Shaglock

My portfolio values in local currency is down 10% due to USD being massacred. Whelp I hope crypto gains will rockets far beyond the FX losses, fml.

BioRobotTch

Considering how high fees and spreads are on FX for consumers I am sure there will soon be a mass migration to on chain trading for many people wanting to swap USD/EUR. Will be useful for many crossing the Atlantic for business or pleasure.

WineMakerBg

Yeah, FX trading bots are getting an update tonight.

Narrow_Elk6755

I think even fractional shares are disruptive to fiat, once you can pay with fractional shares people will just hold the S&P500 and pay with that.   The literature by central banks suggest digital payments overall are ripe for disruption, as FX gets cheaper you could even pay with Swiss Frank or Yuan.

pop-1988

> wont all their reserves be full of highly inflationary currency? No, they'll sell the poverty currency for USD immediately on normal FX markets. The rate you get will reflect the rate they're able to get

voces-chaos

Coming from FX originally, Bitcoin is so easy to scalp.

coinfeeds-bot

tldr; The Flare X Farming Game on Telegram is an engaging farm game on the Flare Network where players mine coins and explore new planets. Players can open the game every 3 hours to collect coins, upgrade planets, and unlock new ones by completing tasks and paying a fee in FX coins. These coins serve as in-game rewards and can be exchanged for other benefits in the future. The game also features an internal wallet for asset storage and offers the option to invite friends to expand one's mining empire. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Few-Relationship-895

Most probably (hopefully) Bitcoin will be the reference, no longer FEDs USD. Anyhow it’ll ONLY always be an asset that exist next to Altcoins, FX, raw material, shares, real estate… It‘ll always be part of the market, bid/take/buy/sell… It is safe like gold. USD is fake, just printed. Hilarious. But: Bitcoin will always be ‚just‘ an asset that is needed to be changed. It is not a property, it is not producing added value.

sinister-desires

What do you know about me to say that so confidently? I have been doing primary research on price dynamics for the past 4 years and algorithmically trading FX, commodities and indices profitably for the past 18 months. I know enough about statistical properties of the price and tendencies of the price.

FractalFreak21

Because there were medium-term stops. Check SME FX on yt.

MikeCagney

To be the exchange of everything - not just crypto, but equity, fixed income, alternatives, FX, commodities, prediction markets. There is a tremendous opportunity to leverage decentralized custody and cross collateralization in a way that would have avoided the bankruptcy issues from years back.

zizwiz_1111

From my understanding - only $2.9 billion moved on Friday (FX Street)… with a total of $9 billion to be paid out (CNBC). More dips to buy, perhaps?