USA

Ill-Assist-5246

So, what you are basically saying is, "If you cannot produce the exact answer to how Bitcoin is going to tackle the Quantum Computing conundrum RIGHT NOW, then that means Bitcoin will fail." So, let's think this through, shall we? As Quantum Computing develops the ENTIRE WORLD will be at risk (NOT just Bitcoin). Bank accounts, Investment accounts, NSA databases, your dog's PetSmar account - pretty much everything. To presume that "everything else will find a solution, but Bitcoin will be left behind" is pretty much ridiculous - after all, Bitcoin is a crytographic algorithm and as the "answers" to more secure cryptography (that can confront Quantum Computing) emerge, Bitcoin will also evolve. Banks are centralized, but NOT over the ENTIRE world. There's the Fed (in the USA), the European Bank, the Bank of Japan, etc.... They are NOT united in how they approach things, their policy or ever their goals. According to you, these banks will all upgrade easily. Seriously? BRICS would like to see the US$ replaced. How exactly are they going to suddenly "unite" and "upgrade". It is far easier for Bitcoin to "upgrade". Bitcoin is ALREADY a world-wide protocol. In only 15 years it has "united" people throughout the world on accepting the Bitcoin protocol as the mechanism to store and transfer value - spanning across nations and languges. Good luck getting the countries of the world to unite on their banking in any way even close to that! Your argument reminds me of the Y2K panic ("because the computers of the world cannot handle the Jan. 1, 2000 calendar date, every computer in the world will shut down and cease to function at midnight). The world started talking about this "event" years in advance. There were plenty of nay-sayers. They told us "the world would end as we know it." Businesses and individuals paid billions (or maybe trillions?) of dollars to pay people to upgrade their computers for this perceived technology crisis. In the end Jan 1, 2000 came and went and the world did NOT shut down. Humankind and technology "found a solution" and no one even talks about this anymore. It's the same thing with Quantum Computer (or any new/improving technology). We adapt and move on. Bitcoin will be no different. So stop being a "nervous Nelly". When you really think about it, the real amazing thing about Bitcoin is that it DOES work and it works incredibly well and it's only 15 years old! The current monetary system is a mess and give a huge advantage to THAT centralized monetary system (at the expense of all the people who do NOT own that monetary system). Change is coming, no matter what. Might as well be ready for it.

Impossible-Magician

Iran says 2,447 who weren’t enemy combatants and blames Trump and the USA for stoking unrest. Which is believable, as Trump was actively calling on Iranians to rise up and overthrow the government, so it isn’t a leap that the CIA was back channeling that. I’m not excusing the actions of the regime, just wanted to know who is counting and the guesses vary wildly from 6,400 to 40,000 odd. I see 10,000 said so many times in support of America attacking, it just feels like a lousy and flimsy reason as the attack had nothing to do with Iranians getting killed by their own government.

Greater-Israel

The net worth comment is irellevant all together. Most people globally have zero debt too. Key word globally not USA.

JollyPicklePants1969

You do realize that the USA’s greatest period of wealth expansion and quality of life increase occurred when the top marginal tax rate was 90% right? In your ideal system, how do you address the issue of public goods and externalities? Or do you not know what those words mean?

Outflow_

Yeah you make good points here. That's part of the reason why Renewable Energy Certificates (RECs) may be the path forward. If outflow tokens represented the environmental credits and not a historical record they could then be sold to corporations in the voluntary REC market which larger trading platforms who trade RECs are exploring. But why are these things valuable? Yeah agree with you somewhat here. That's why we kind of took the NFT angle the holds the Outflow tokens for now. It's more of a artifact and art piece for now that has a historical record of solar electricity tied to it. We agree though it's not perfect. Ideally we would like it to represent solar electricity and I think there's a path forward there but you have to start somewhere. If we tokenize solar electricity we would have to operate in deregulated electricity markets like Texas or New York unless you did Virtual Power Purchase Agreements (VPPAs) from our understanding which would be difficult B2C but not B2B we think. On the corporations side, if they did represent RECs they could offset corporations Scope 2 emissions under the GHG protocol which they are already doing and the market is growing. Maybe not in USA but globally. Either way companies are going to do what they want to do. Was there some other reason these things will have value? For right now, no, unless we claim these as Renewable Energy Certificates (RECs) which this system would be able to. Does that make a difference? We didn't know if that would matter to B2C because even if it did have utility like a REC (which currently RECs trade at $1-3 on current trading platforms) would people just hold and if not, who would they sell it to? In the current voluntary REC market corporations retire RECs and claim them for their scope 2 emission reductions claims like we said. You could have the Outflow tokens have a burn function, in theory, companies could buy them from B2C and they could burn the tokens. It would mimic what's happening off chain but the on chain version of the current REC market today. What do you think of that? You think that would hold?

Outflow_

Not inflationary. Tokens are only minted when real solar systems produce electricity so bound by electricity production so that it the constraint. Yes, other solar systems can be added. We currently have \~4,000 solar panels roughly under our pilot in the USA. We only focus on residential or commercial solar installations not utility scale centralized power plants. Our goal is to move the world toward decentralized energy infrastructure and give solar system owners more ownership and liquidity over their solar assets. Part of the $ will go back to the solar system owners themselves. We work with solar installers and owners to do this. We started off having the megawatt hour tokens backed by a environmental credit like a Renewable Energy Certificate (REC). We just didn't know if that would resinate and we also believe in the network effect and tapping into what exist today. What do we want this to do? We would like the Outflow token to be physical electricity someday e.g. a energy commodity where Outflow is a currency and build a Blockchain layer 1 we call Outflowchain that's paid for and powered by the environmental credits from solar energy. Our grand vision is to make transaction fees free for everyday users and pay validators more money all tied to the value of the Outflow token and paid for my corporations who want to support solar energy technology like they already do with RECs and utility scale solar farms. We just to do it decentralized with blockchain tech and distributed solar. Does that answer your question? Anything else?

Archiver_test4

The FUD against Iran is quite annoying really. Do Americans really think Iran would just sit there, let USA and Israel bully them, sanction them and they would do nothing? They shouldn't do anything?

Ok_Dot4134

Look at AI plays for future. TAO being best and NEAR. If you want a totally Degen pick right now DRB launched on BASE. HYPE (if Trump actually gets it in USA).

No-Masterpiece2246

I don't disagree with much of what you said, except your claim that "economies are fine". That's absolute rubbish, USA debt to GDP ratio is almost 200%. China is bailing out banks as we speak. Plenty of hyperinflations happening in places like Iran, Argentina, Venezuela. Poverty and income disparity are insanely high, and Gini Coefficient in several countries exceeds 0.5, which is where Gini said your society falls apart. This system is very fragile! There is a subset of investors that understand currency debasement, but the huge pump in gold alone shows that this is a very real phenomenon right now. Yes, currency crashes have happened before, but have they ever happened on a global scale with only an electronic system back them? No. These are uncharted waters. And the pain of using (or trying to use) electronic fiat has only begun. Things like currency confiscation and spending limits could come quickly. Even if crypto is only slightly more convenient for things like remittances, we'll see a massive uptick in the next decade.

NorskKiwi

Code isn't law, code is code. There's legal precedent in the USA at least

ParakeetsAreLOUDLOL

I'm English if i had that much money I'd just buy USA citizenship and invest in some good businesses. Then set myself up in Texas or somewhere with HELL YEAH USA americans and get a lovely cali girl who is always happy and loves doing gardening 🥰 It would be amazing.

No-Masterpiece2246

But on the flipside, the global monetary order is being disrupted as we speak. Fiat electronic currencies are in a crisis, and trust in banking is at lows. Central banks print like wildfire and inflation is running away. That's why gold is almost $5k/oz still. Crypto may be overvalued, but every day it gains more users. This increases network effect, which increases the utility of crypto. Mainstream acceptance also creates more trust. Each time governments and the bankers convulse and try to limit crypto adoption, they create more pain for normal people who just want to make money and life comfortably spending what they've earned. Ramping up all of these identity features to banking is making it worse and worse to use. Who wants to do biometrics and have their face scanned every time they buy something? It's idiotic. But this is their vision which is being enacted in China, EU, and USA. Crypto represents and alternative. Bitcoin BTC is probably capped out at $100k since Wall Street is now speculating on it and more or less controlling the price. When they profit they lessen opportunity for other investors and hamper the coin from having more organic growth. That's why other coins like SOL, ETH, XMR and BCH are running.

No-Masterpiece2246

TIL Israel and USA exerting control over crypto is a conspiracy theory. You sweet summer child.

BarracudaVivid8015

Only USA people fomo’ed into bitcoin… whole world and reserve banks buying gold.. this asset is good for trading nothing else .. I bought at 19k and sold at 100k.. I also bought the 60K dip and sold … bitcoin isn’t changing how money is used right now no matter what some people in internet says…

deij

Depends on the country. But generally, no. China - illegal. USA - legal with prior permission Belgium - legal if you follow the legal guidelines Etc

Jaded-String-6111

Go to Dubai with your seed phrase memorized. Open a bank account there. You can go from btc to fiat tax free there. Then , there are options. Hundi is a thing in Middle East where you pay someone (probably has legit oil business) to transfer funds to your western bank acct while they provide all “proper” documentation / kyc.. but this door is closing . Another option is to renounce USA citizenship/tax liabilities, purchase citizenship in another country where you want a passport so you can travel. Then purchase residency in a third country. The whole time you have the Dubai bank acct.

SheepherderFront5724

Also claiming the moon for the USA.

AcademicMistake

As a brit, we are watching, laughing. Honestly USA is embarrassing.

YaBastaaa

This is all we need . I wonder if the current administration in USA , is helping the zcash pump.

CoconutCold3742

USA made, hard capped , decentralised. the new regs and laws demand these, just play with the rest.

nicoznico

Idiot. You have no clue. Go and educate yourself how MWI in highly developed countries function (and no USA is not such a country!).

Random_182f2565

Worked really well for Irak, countries trade oil in dollars because the USA will use sanctions and violence

Electrical_Chard3255

When the governments sieze your money or freeze your bank accounts (Candian truckers during covid), can dip into your bank accounts and take money (HMRC UK, albeit with a few restrictions), when Russia goes to war and you cant take you stash of gold with you becaus it will be taken by the government (wartime USA), then you will be happy for citcoin (or possibly crypto) Dont think this will ever happen to you, its happened to millions already over centuries and of course, the fiat system is only help up by governments because every country would collapse immediatly if we switched to bitcoin over night, government debt due to money printing is out of control, thats why you keep paying more tax, shrinklation is happeneing, services are getting worse, then you will be happy you have Bitcoin

Elvis_thepelvis_7498

Pay for things that USA and isr/\el do not like

micho510900

Instant promissionless settlement. If you own assets you know why it's important. Try to move 500k from brokage to brokage for arbitrage. Try to balance large offshore accounts. Try to buy a realstate for cash. Try to live in a third world country and own some equity in Europe/USA. All these things take days if not weeks, require large 3rd party fees and usually is extremely complicated due to various regulations, sometimes impossible. I am from Europe, I can't own QQQ or JEPI, I don't have access to a lot of various instruments and ETFs. With perpetual futures on let's say ETH I actually can.

banica24

Great question. I've been waiting for the day you pay for gas with crypto but it's still too niche. There is Clarity act going on rn, USA senators are trying to vote for it again. Crypto is decentralized like you said and always available / online unlike banks that close and have holidays

Fluid_Garden8512

>The fact their neighbors are third world makes them third world by default. Their neighbors are poor and so are they if they live next to each other. It’d be like saying USA and Canada have no correlation of wealth. That’d be trolling as we have been historically at least lifelong trading partners That's not how any of that works. Brunei is in Borneo, one of the richest countries in SEA. You're now saying Brunei is a third world country by default? USA borders Mexico, is Mexico not a third world country?

totoin74

The new boy can’t rise any rates. It will implode USA. Their only chance is high inflation over a decade.

Jealous-Shallot-3071

Where in the USA do you live OP?

FrostyStrategy5951

partners ? Aren’t we in a trade war ? USA isthreatening our sovereignty and they say they need nothing from us.

avance70

we will see next week what's gonna happen, will FED raises rates... a short-term drop to $50K would not surprise me in that case but even if it happens, a recovery is expected because they are addicted to printing money, USA debt passed $40 trillion recently

icebeamtheory

The fact their neighbors are third world makes them third world by default. Their neighbors are poor and so are they if they live next to each other. It’d be like saying USA and Canada have no correlation of wealth. That’d be trolling as we have been historically at least lifelong trading partners

Intrepid_Name2633

Me 2 in from USA

FewUnderstanding2214

They wanted to diversify away from USA/Canada - they didn’t mention buying bitcoin through

TheMeltingSnowman72

Lack of education, and a general lack intelligence by parents. It's a horrific trend. Thankfully only restricted to USA currently

wcevelin

by what metric is the USA loosing?

DiamondHandsDarrell

You need to be aways of tax implications. Tailgate to your LLM. If you're in the USA, you might have to pay a NIIT on top of the LTCG. And depending on the state, it may or may not also be taxed. Just an FYI if you think selling it all at once would make sense.

gihkal

Yes. Become president of the USA.

ATP_generator

right. VTI, VOO, VOOG for USA VXUS for international exposure. as long as the whole country doesn't burn down, you know these \^\^ are nearly certain to be successful long term (with a never-sell-till-retirement mindset) I get allocating more than 5%, but IMO once you approach 20% and up, that seems like a foolish gamble. more skin than I'd be willing to lose.

JunketTurbulent2114

Depends on the country obviously, but even in the USA I imagine most of this stuff just ends up in the 'strategic reserve'

Siludin

No I'm suggesting the success of the USA was on the shoulders of both wars and the changes in the global economies that followed both wars, rather than on account of some policy changes. In the case of prior to WW1, any sense of progressivism in the USA was being met by violent political revolutions globally, so America suggesting that it was pulling itself out of something the world was already doing, and not simply capitalizing on it or making tiny changes to prevent their own violent upheavals, is not telling the full truth. After WW1 income inequality got worse but American GDP rose so much that it was almost impossible to notice until the Great Depression, when America stopped being fed by postwar dessert and the seams started to show again. The New Deal suggested income inequality should improve but it doesn't do anything and America's best bet ends up being jumping into World War 2 and just conquering Western Europe and Japanese empires. Wrapped former British, French, Spanish, and Japanese colonies under its defensive umbrella as it chopped up those empires for its second big meal of the 20th century, so any major economic boon felt in the USA after WW2 was just standard imperialism feeding the conquerors and any change in the direction of inequality was a mirage fueled by war.

LukeTheHolder

USA national debt

MN_hunter

I read an article where the US is basically too big to fail on the worldwide stage. Yes, we have enormous debt held by countries that can not survive without US trade. The world will continue to adjust to ensure the health of the USA stays high. Trump pissing countries off is the wild card right now.

BlackDog990

USA for starters. I left the specificity out because this is so not a legal grey area it's not even funny.

GettingFasterDude

I live in USA too. Bank accounts were frozen here in my grandparents' lifetimes during the Great Depression (1933). It happened multiple times in the 1800s. While admittedly that's a very long time ago, you've got to ask yourself, how does our government's financial health look? Is $40,000,000,000,000 enough to concern you? Will $50 trillion concern you? What about $100 trillion? With foreign countries starting to get away from funding our debt, investors turning away from buying US bonds and refusing to loan us money to maintain the debt it's starting to look very concerning. Like you, I hope a financial collapse never happens, or at least not in the next 100 years. Having the world reserve currency may delay it. But we came very close in 2008, again in 2020. Even if you only put the risk at 1% chance, that might be enough to put 1% of your savings in something they can't freeze, that doesn't depend on and can't be controlled by any government. That's bitcoin.

weatheredrabbit

Depends on the country that arrests and press charges: In the United States, guessing a password constitutes **unauthorized access** under federal law. Method does not matter, authorization does. It’s about legitimate right to access. Under Section 3 of the [Singapore Computer Misuse Act (CMA)](https://www.google.com/goto?url=CAESWgHrOzAV5TQ9aDAe_gfgWc8vYYj2xcpImC7SPLF0b_k1mo8ey-P2aTMgFdGe9oLQ1chcP2Stw4HnBJZ6dGPD3__xIc20Jv8Lo_5dJwYn9sJofRaAase9rgjE9A), it is an offense to knowingly cause a computer to perform any function to secure unauthorized access to any program or data. So both in the USA and OP country (for example) you’re committing a crime.

Ok-Mango5075

Is it true that half of all new debt issued by the USA now goes to pay the interest on the existing debt?

Neither_Advisor_7836

I’ve watched podcasts where bitcoin is the only hope for USA to dig out of the debt cycle …. Buy it all up and drive up the price please governments ! Papa needs to retire !

captianjackcrypto

It cant wtf is wrong with this statement. All the people who lost there btc. Are setting the bottom. There is a end game and its going to happen at the least expected moment. Btc is a ponzi scheme with the USA government holding the final endgame. #facts

MinimalistMindset35

The first sentence of my post say “digital nomad or expat.” An expat who returns to the USA is impacted by the CBP

No-Masterpiece2246

Sounds like you don't understand the Russian perspective at all. Which makes sense if you consume all West media without a critical eye. Look at maps of the contested regions in Ukraine, all of them were part of Russia before the CIA and Mossad did terror campaigns there which murdered thousands of Russians. They hired literal Neo Nazi gangs to form Azov Battaltion (their uniform insignia are STILL from Nazi SS) This happened less than 20 years ago, just after the Sochi Olympics. Obviously it was a provocation to have Ukraine join NATO, Russia specifically said for like 10 years "if Ukraine goes NATO we will invade". Nobody in military circles was surprised by any of it. Of course then Russia armed Iran and destroyed most of the USA bases around the Persian Gulf, handing the US a stinging defeat. But that's another subject...

90Skill10Luck

Stablecoins are how Trump is getting US bonds bought back up. In order to offer stablecoins in the USA, you need an equivalent USD amount in bonds. ​It doesn't kill the libertarian origins, though. Kaspa's emissions drop incredibly fast, meaning the network's long-term livelihood eventually relies on transaction fees replacing block rewards. Stablecoins bring the massive tx volume needed to pay miners, basically using dollar volume to secure a pure PoW, 28.7 billion hard-cap asset.

seraph321

2013 was actually the sweet spot, at least in the USA, Coinbase had launched and that made it very easy to purchase and take self custody with no shady shit involved.

echotwogift

The United States is a big country. If you're a citizen or permanent resident you can simply be a nomad within it and always have a new place to move on to. If you're not a citizen or permanent resident, consider not entering the USA and enjoying the rest of the big planet, as a US border is a surrender your rights zone. A distinction needs to be made between Customs and Border Patrol (CBP) and the TSA. You've mentioned both but made no distinction. The policy posted is CBP, which applies when entering the USA. In the context of a domestic flight, you will only encounter the TSA and they are mainly concerned about aircraft safety. They are there to make sure only flight appropriate items end up in cargo hold and the cabin. They will involve other law enforcement when items unrelated to airplane safety catch their attention, but that's only for things that are big red flags and electronics is not one of those things as electronics are generally not a threat to aviation outside the context of lithium limits. When it comes to electronics, what they're looking for is to validate size of lithium cells and for the x-rays to align with electronics looking like electronics and not hiding something else (particularly) and there are also known sometimes to ask for power on tests as a way to demonstrate electronics are what they are. A power on test isn't necessarily invasive, and the reputation is that these are more for laptops than anything else and I'm not sure I've heard of smaller electronics getting much attention (can't hide much harmful to an airplane in them). Do more research on folk's specific experience with TSA power on tests -- even doing these with laptops may have become a thing of the past due to more sophisticated X-ray tech and explosive detection tech which makes power on tests obsolete per the TSA's aircraft safety mandate. This of course depends on the airport, bigger airports have better tech for faster screening throughput. Small airports will be 2002 era in their screening security. It is the CBP that is super invasive per the law and this policy. Their mandate, to prevent undesirable activity inside the USA by citizens and non-citizens alike by way of border control. That is a much bigger mandate. The border is a near-rightsless search heavy zone, even for returning US citizens. Though entry is a simple interview for most, as the article discloses things can get pretty invasive. The only counter measure when carrying a hardware wallet is to have it in a reset state. If questioned, you can honestly say you're not using it right now. To memorize a seed, use the memory palace technique, and consider generating a 12 word one which is plenty of entropy but half the memorization. Your palace is a super familiar place, hopefully there is something like "home" to you in your memory like a childhood home from before becoming a nomad. Put each group of three words in a room and create a colourful visual for those three words in that room. To build a strong long term memory, you have to re-enforce it, a of lot early repetition is critical (many, many times daily when starting out) but there has to be refresh down the line. Go for several walks on your first few days and in-between internal walks through the memory palace say to yourself "I am a sovreing citizen." Do not prepare a wipe code on any kind of device as a CPB countermeasure. A US citizen who was returning to the country is currently facing obstruction charges for refusing an invasive cell phone unlock request and giving a code that did a Graphene OS wipe request. BIP39 passphrases just add another layer where your memory can fail. If you can memorize a BIP39 passphrase that's not crackable (random words from this), then you can just memorize a BIP39 seed, no passphrase. A weak passphrase is crackable to a good adversary and finding a BIP39 seed on your person is a substantial starting port for a CBP agent giving you hell, way more than a hardware wallet in reset state. BIP39 passphrases only make sense for folks who have seeds in relatively secure places like their homes where they just need a little bit of search space as a thin defense layer against casual robbers and visitors. Consider pairing a memory approach with a distributed form of backups that can be distributed to insecure locations that you can turn to if your memory fails. The recently discovered Coldcard failure was a bad thing, but their device may be helpful for safe seed splitting. You don't need to trust it for seed generation, you can import one. They have a seed splitting scheme that uses the logic operation XOR, The output is BIP39 words. You could leave parts of the split with people you trust in your travels and/or open safe deposit boxes at banks / other safe keeping services. As these are built on the BIP39 wordlist you can use standard steel plates for encoding and for making things less subject to the "throw out that paper trash..." scenario. The point here is that the compromise of a single person or single physical location does not compromise the seed. After recovery with the XOR split scheme the Coldcard lets you see the original seed, handy if you had a memory failure and want to see what you forget after doing the recovery. There is a deterministic split and random splits. The deterministic split is helpful if you plan to bring a reset Coldcard mk4 through customs (looks like a calculator), as upon doing a recovery from memory you can regenerate that exact same split for your next deposit, for example if you already deposited deterministic part A and need to generate deterministic part B for your next drop off. If you use the random split you'll have to write down all parts down at the time of generation -- in that case you could bring one part at a time through customs and deal with any questions about it or bring all parts through unfunded. An alternatives: The SLIP39 scheme, which is well supported on device on the Trezor is also a key splitting scheme that using shamir secret sharing. BIP39 words are used, but in unusual lengths. There is also PC software available as an alternative to generating and recovering on Trezor. Generic shamir secret sharing can also be done on PCs, on Linux the command and package is "ssss". There are stories of this Winklevoss twins doing this and flying their shards around when they started building their crypto fortune.

FewUnderstanding2214

USA, China and UK’s bitcoin reserve was confiscated from criminals, the government didn’t use tax payer money to buy it….

1970lamb

USA, China, UK, Ukraine, Bhutan, El Salvador.

OccasionalXerophile

Absolutely shocking donation from the USA. Embarrassing

Ainz0oa1Gown

The USA laws and government are seeing and doing nothing about it! Is amazing what this dude did to the USA

GoldanReal

Imagine people voting in USA and affecting prices globally

carsonthecarsinogen

It’s more complicated when you’re the world reserve. Japan can get away with 200% dept/ gdp. USA can’t do so as easily. With that said.. anything is possible when you create money from nothing

Astartes12KPA

No, USA got 160 billion in wealth. The richest 10% got more than the lower half. Since ronald reagan the USA are a bit like a monarchie. Everything is so expensive, couse there is a lot of money. Germany got 2.5 billion in dept and 12.5 billion in wealth. We also can spend millions for sportsman, but not for education.

Greater-Israel

Clarity act is not passing. Dems are desperate to lose seats so they won't pass it. But who cares anyway, the bullrun started without it and now USA is pretty much the only country without legislation LMAO.

DiamondHandsDarrell

You can't cash it all out. There are massive tax implications. Here in USA, once we hit arrive 500k there's an additional NIIT tax, and then if you go over the limit then there's the next Feb bracket. Best move is to sell up to the limit each year for maximum gains

ThomasToIndia

Literally the rise happened the day the USA announced bond buybacks. When a country does this investors move their long held bond money into riskier assets. On that same day news came out about crypto friendly regulation. If money starts pouring into something the price goes up, it doesn't matter about feelings.

Victorvnv

Yea I think Trump coin was the final nail in the coffin for this segment, the fact that even the official president of USA coin rugged and have 95% loss was the final straw that broke the camels back Everyone now knows that meme coins are just there to make their creators rich while holding them long term means you will likely loose everything without any shot to get back

Marco27021986

That is assuming is in 500k or more. No one know if goes down to 10k. Bitcoin is up only because the trade war of Canada vs USA.

Weird_Support110

You're 100% right. At EXACTLY 11:50PM, 10 minutes before midnight in the USA, a coordinated dump/short was placed on a slew of coins all at the same time basically mirroring the October 10th crash. The theory is that the exchanges + market makers coordinated this in order to steal millions of dollars of leveraged long's money. Because there are no mitigations post the 10/10 crash and nobody sued their criminal asses, they get away with this blatant stealing and cheating and lying. Anyone who thinks this is NORMAL is a blind sheep! They fucked up the latest crypto rally with many alts still unable to recover because of it.

No-Masterpiece2246

lol you're projecting, make sure to thank your mom for the free rent. Of course USD is accepted in many places that import goods from USA. Or in places where the USA controls the economy and has military bases. And there's this thing called the Petrodollar you would've heard of if you'd bothered to read anything at all about the global financial system. Neither of those things prevent USD from inflating. They may slow down inflation, but constantly increasing the USD money supply and spiraling USD debt create unstoppable inflation.

Riflurk123

Imagine that there are other countries in the world that use taxes in a more sustainable way than the USA.

kyuronite

TRC-20 is tron network. OP hasn't specified whether TRC-20 means USDT or TRX or something else. In any case, kraken has TRX which is TRON, going by their post, since they can use coinbase, then they should also be able to use Kraken assuming they're in the USA. Which Kucoin / MEXC / Binance is not available to them (though they should be able to use Binance.US). Buy TRX on kraken, withdraw to personal wallet. If they need USDT on TRC-20 use 1inch or another DEX to swap it to USDT via TRC-20.

Bubsy7979

Damn you need a better job, I hope that’s not a job in USA..

AcademicMistake

Dude, UK for example HMRC can see EVERYTHING bank related and benefits related. They let you get away with it for so long and when the prize is big enough to warrant court action your audited, if your lucky they may say pay back taxes and a fine and have done with it, or you could be in court facing criminal charges for tax evasion etc I imagine the same for USA. Is it worth the risk ?

maverick_quant

The upward movement related to increased fear on the viability of USA debt (can be observed by the corresponding move in Gold). The move was exacerbated by short liquidations. The downward movement of Saturday relates to news of USA - Canada trade talks break down (started the moment the news were reported by major sites). Again the move was exacerbated by long liquidations. The first move is reasonable since you can see a long bitcoin/ crypto position as a hedge against a falling dollar. The second move in my eyes is irrational.

No-Masterpiece2246

Dollar drop and USA loss in Iran

TheresNoSecondBest

>keeping it as savings Saving in Bitcoin is "using it" too. Anyway, here's how spending bitcoin IRL looks like: https://youtu.be/Tlhvnpi2ukA I'm using Bitcoin almost on a daily basis. Buying groceries, paying for meals, taxis, domains/hosting, VPN... Spend and replace is usually the name of the game so no, I'm not spending bitcoin while saving in cash. If you're thinking about spending some, here are my favorite directories: http://lightningnetworkstores.com/ https://btcmap.org - awesome map, you can even add your local vendors in, once you orangepill them. https://acceptlightning.com/list.html https://spend-sats.com/ https://spendabit.co/ https://directory.btcpayserver.org/ There's also an option of buying gift cards https://thebitcoincompany.com/ https://bitrefill.com https://www.egifter.com/buy-gift-cards-with-bitcoin - this one's least fave because they use a shitty custodian for payments but are handy for a few cards. Spend and earn some sats back: https://foldapp.com - save up to 20% Starbucks, Uber, Target , whole foods , Dunkin https://www.lolli.com – save up to 30% by spending BTC anywhere but primarily USA stores https://satsback.com/stores-list - save up to 20% by spending BTC anywhere but primarily Europe stores.

maverick_quant

Seems to be USA-Canada trade war related

Stomach_Swimming

So, Bitmart decided to go the way of FTX. Is Bitmart USA closing down, too?

Relevant_Election530

Because it's the the crypto sectors turn for the presidential pump and his war is destroying the dollar and view of USA worldwide

BestialitySurprise

This recent BTC jump is just hype over the arbitrary USA debt milestone of $40 Trillion. Gains will be wiped within a week.

Greater-Israel

Ι think you do not understand what a scam is, otherwise the USD is also a scam with your definition since it's not gonna be used anyway when Israel annexes USA in 100 years and it inflates too and other dumb reasoning you are using for XRP.

Greater-Israel

Exactly for the reason you just listed. Alt season comes when the least expected is like you do not understand the reasons alt seaosn happens. \-94% of crypto investors are NOT from USA. Get that thouru your thick skull! Micro USA politics are irrelevant to us. \- Almost all Alt-Coins are mined under energy cost right now, so there is obvious manipulation \-The graphs of last month to now show alt coins being attracted to higher price lines and they just broke through days ago. \-Metals peaked, AI stocks are close to their peak and investors will look for better multipliers and only the lat coins ten times under their ATH that are attractied to higher prices cna offer that \-More and more institutions globally (forget USA, forget your village, forget your bubble) add crypto every month to their portfolios and they even promote them. Revolut did it a month ago with Dogecoin physical cards and Russia is allowing crypto trading in 11 days from now. \-Bitcoin stabilized and then started rising again giving the sign to the alt coins that the climate is good and the investors appetite risk grew \-There are obvious signs around you you simply choose to ignore.

CellFit2989

Got to be buying now! USA is about to wake up!

Greater-Israel

Do USAians understand that hate Trump as much as you want but he is right about this specific issue? USA is the only entity without a set of rules for crypto. The EU already has them, UK has them, Russia just aproved them. If USA is left behind all the cryptos will just move away, and it's not even hard. Less than 20% of cryptocurrencies are owned by USAians. That's literally a minority, you aren't special and the markets does not revolve around you. Democrats thinking that by just attacking trump and also their people are winning this are simple idiots. Russia is allowing crypto trading on September 1st and the next day there is gonna be a pump. If USAians are so petty to only think about Trump Trump Trump then more crypto for the 96% of the planet and just stay isolated, do not pass the clarity act or any crypto act, the rest of the planet will advance the crypto market anyway.

Pamlicolife

If you’re in the USA and at least 18 years old, consider Sofi online bank everything including crypto……..  They have all of the normal banking services and a crypto service too that’s super simple……One may buy instantly straight out of their savings or checking accounts within the banking service…...  They offer trades with 27 of the crypto market leaders.  No scam coins offered…….  I use them exclusively, it’s user friendly and I don’t jump through other exchanges hoops or expose my information somewhere outside of my own bank.   There’s other good exchanges as well that offer crypto and extra other crypto currencies too.  

Xxshark888xX

Yes, I had several clients from the USA and Canada, I've used Wise, had 0 issues and low fees. Still much better than BTC.

KryptoChic

You should be scared. USA Treasury Secretary Bessent just panicked. A USA bond crises is much closer that most people expect, the results of which would be financially devastating.

Royal-Membership2303

For what its worth 300$ could get my quite a bit here too, USA. Ill give you some advice, if you truly believe in BTC and do want to invest then do it in small amounts over a large period of time. Start small, something you wouldn't mind losing. Lets say $10, move it around make sure you can understand how it works etc. Then slowly add.

waldito

Here's a wild prediction for people trying to make a buck timing the market: The moment USA and Iran reach some kind of truce for oil tankers to function normally again, Bitcoin price will take the plunge again. Not because of Bitcoin, but because of investors moving money from BTC into stock options. So far, it looks like this will continue going up until mid terms. Then, right after, bonk.

FTuno

USA is fighting blockchain industry with blockchain companies wasn't in my bingo card

NewspaperOwn2765

USA debt at 40 trillion now

UlysApp

1. The USA is doubling it's purchases of it's own debt. This effectively means that they issuing debt and then printing money to buy it back. In other words, the money printer is back on. 2. **Bitcoin** has been coiled for 81 days in the same range. These coils land up in big moves. The bigger the coil, and this one was big, the bigger the move! Let's see if it holds this time lol

Greater-Israel

USA grifting. You need to wait for the rest of the planet who already own majority of cryptocurrencies anyway to develop the sector. Stable coins are good fro crypto but very long term, like in the 2040s, not now. I personally mainly ignore their existence now. Russia is gonna open the crypto trading gates in 13 days so this is gonna be a positive in the following months once Russians/Belarussians feel comfortable to trade crypto. There is an AI bubble right now too. It needs to eventually pop. Likely in 7-15 years. Doesn't mean it's gonna keep making the insane profits it does right now though. NVIDIA will never see 50 trillion in total value before 2040 for example.

eggccelent23

Trump is exactly as every other, USA is in this path since 2008, he just followed.

Ornery-Plantain-4940

My vibe is that we are in the bottom right now. This was the exact price that brought euphoria at another market cycle top, I remember being at a bar in China when it was 68k many years ago and being so happy 😊. I don't know anything about technical charts as you can probably tell from my writing. But it feels like this is the bottom, I bought a month ago when we were at single digit fear/greed index and that seems to be about right. Im chilling unless we go way down then I will buy more. But.... Stock market is at the all time high, trump is the worst president in history and the government/society in USA is eroding. So the incoming collapse of merica can't be a good thing. That being said, in 2007 I predicted everything would crumble in 2008 and it didn't really happen. I always say merica is collapsing and then she keeps tommy the train moving along.

jayceellects

Do you mind me asking where can i get one? Im in the USA and i definitely dont want to go through this experience. I'd rather be safe than sorry.

jayceellects

In in the USA, what wallet is better when it comes to fees?

soks86

Once the world is multi-polar instead of "USA world police" this will be easier. But yes, it's called placement and it can be very complicated to get right. Weakening the global banking police was definitely intentional. None of this is the interest of common people.

Gears6

> N.B: I live in Europe, maybe in the USA the banking system is slower and worse? It is. We're still on old ACH that takes days to transfer. Faster is still wire, that you typically have to initiate earlier in the day for same day transfer. However, there's something called Zelle that is practically instant, but it has limitations on how much you can transfer, which varies by bank to bank.

Remwaldo1

You think all those tiny - middle size banks in USA have these security measures? And credit unions.

SpotOk4411

In the USA and bank transfers are quick here too. Bitcoin doesn’t need an ad in the first place, but this one doesn’t explain bitcoin or the problem it solves well