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Discover with us Prime XBT ! and what makes it special ?
Discover with us Prime XBT ! and what makes it special ?
Why Everyone's Watching ETH's $1'400-1'500 Zone ☕️
An Influencer was promoting a project, Zach XBT revealed honeypot in it and was blocked
Bitcoin is a protocol which implements a highly available, public, permanent, and decentralized ledger. In order to add to the ledger,The protocol specifies that the entry indicates an amount of a token, bitcoin with a minuscule. BTC, Block reward: ₿6.25 Circulating supply: ₿18,925,000 Code:BTC, XBT
$209 millions of dollars worth of positions just got wiped today.
Cryptocurrency Fund AUM Flows Exceed a Significant Low
I'm not the best rapper ever but I'm still a Bitcoin evangelist for my XBT Fam <3
Mentions
Do you mean "borrowing"? If so, the answer is yes, you can use XBT or most other major cryptocurrencies as collateral. You do this every time you trade on margin or speculate on futures. Most large exchanges do this routinely. The caveat is that you must repay what you were loaned in the same currency. Cryptocurrencies are notoriously volatile. If your collateral drops below the value of your debt and you can't otherwise cover the repayment schedule, your collateral will be seized - usually called "liquidation". It's very much the same as buying and selling stocks or speculating on fiat fluctuations using collateral to secure a margin. Is that your question? Sorry if misunderstood.
Were it not for the fact that there is no reference link this would be very interesting if the OP's implied claim claim that this is 2010 pre MTGox is actually true. The price is reasonable for the time based upon the two large pizzas for 10000 XBT valuation in 2010
How can I view Zach-XBT portfolio? He knows his stuff clearly.
From Zach-XBT telegram channel. . The attacker just split 10K ETH to 39 addresses. If you are an exchange or service who follows my channel blacklist these addresses on all EVM chains: 0x40e98feeebad7ddb0f0534ccaa617427ea10187e 0x30a822cdd2782d2b2a12a08526452e885978fa1d 0x6d46bd3aff100f23c194e5312f93507978a6dc91 0x660bfcea3a5faf823e8f8bf57dd558db034dea1d 0x140c9ab92347734641b1a7c124ffdee58c20c3e3 0x8c7235e1a6eef91b980d0fca083347fbb7ee1806 0xb172f7e99452446f18ff49a71bfeecf0873003b4 0xcd7ec020121ead6f99855cbb972df502db5bc63a 0x0e8c1e2881f35ef20343264862a242fb749d6b35 0x2290937a4498c96effb87b8371a33d108f8d433f 0x1bb0970508316dc735329752a4581e0a4babc6b4 0xf0a16603289eaf35f64077ba3681af41194a1c09 0x5af75eab6bec227657fa3e749a8bfd55f02e4b1d 0xb4a862a81abb2f952fca4c6f5510962e18c7f1a2 0x959c4ca19c4532c97a657d82d97accbab70e6fb4 0xb72334cb9d0b614d30c4c60e2bd12ff5ed03c305 0xfc926659dd8808f6e3e0a8d61b20b871f3fa6465 0xfa3fcccb897079fd83bfba690e7d47eb402d6c49 0x51e9d833ecae4e8d9d8be17300aee6d3398c135d 0x1eb27f136bfe7947f80d6cee3cf0bfdf92b45e57 0x83c7678492d623fb98834f0fbcb2e7b7f5af8950 0x52207ec7b1b43aa5db116931a904371ae2c1619e 0x83ef5e80fad88288f770152875ab0bb16641a09e 0x23db729908137cb60852f2936d2b5c6de0e1c887 0xaf620e6d32b1c67f3396ef5d2f7d7642dc2e6ce9 0xcd1a4a457ca8b0931c3bf81df3cfa227adbdb6e9 0x96244d83dc15d36847c35209bbdc5bdde9bec3d8 0x09278b36863be4ccd3d0c22d643e8062d7a11377 0x3a21f4e6bbe527d347ca7c157f4233c935779847 0xbc3e5e8c10897a81b63933348f53f2e052f89a7e 0x9271eddda0f0f2bb7b1a0c712bdf8dbd0a38d1ab 0x4c198b3b5f3a4b1aa706dac73d826c2b795ccd67 0x684d4b58dc32af786bf6d572a792ff7a883428b9 0xd3c611aed139107dec2294032da3913bc26507fb 0x9ef42873ae015aa3da0c4354aef94a18d2b3407b 0xbde2cc5375fa9e0383309a2ca31213f2d6cabcbd 0xe69753ddfbedbd249e703eb374452e78dae1ae49 0xe9bc552fdfa54b30296d95f147e3e0280ff7f7e6 0xbca02b395747d62626a65016f2e64a20bd254a39
Zach XBT is a god sent. He's one of the heroes in the crypto space. He alone did more than our entire justice system to provide the victim some kind of relief. His background story is that he was a victim of a crypto scam and has pledged ever to defend innocent victims. He is the unsung hero.
Panic on the trading floor. Hold up, BTC XBT, 16 years (:) ) and look at the achievements of the markets, welcome to “The centralisation-land”. How does a 25% tariff effect BTC, Anyone know of real world use? Or will BTC get accepted in Supermarkets. Hope the 20 minute waiting time to process the transaction wont be a drama. 3 customers a hour. Long live the BITCOIN network.
XUA is gold. XAG is silver. XBT is bitcoin in the "commodity trading" nomenclature. BC was never a thing. Dividing supply by arbitrary outdated number of this or that isn't very useful. Whole post is not worth much.
Bitcoin symbol XBT? Never heard that. BC is also very out dated. These two can be scrubbed from this info graphic
It's not called BTC unless it comes from the Bhutan region of the Himalayas, otherwise it's just sparkling XBT
Weekly and smash buys when Sats per dollar reach a point I'm interested in. Overall $ cost of 100MM Sats is no longer of interest to me in the interim for my stack. If you have a higher time preference over 5 years, you'll probably come out ahead, as I learned the hard way the two cycles. As a lot of people have stated in the past, put money you don't need today in it, so that you're not panic selling at drops or emergencies. Keep what you need to survive in worthless paper Fiat and put the long term savings in XBT.
My feelings are that Bitcoin is manipulated by planned short and long liquidations on CEXs with Bitmex leading the way. Then the whales gobble up whatever liquidity(your money) they can by tricking you into buying and selling. As little as a 1.5 XBT liquidation causes the price to move in either intended direction. I have seen this. DYOR, this is not investment advice.
You're right, there's not. Some exchanges use different tickers for the same coin. BTC/XBT is an obvious example.
*Your XBT long position with size 23000 has been liquidated*
>trading pairs for BTC/XBT and EUR So? Those prices still follow the USD/BTC pair. >evidence I use one of such exchanges, and it’s literally always priced based on the USDBTC pair. And always varies on the price of either USD or USDT. I mean, you can easily check yourself on your exchange.
Many exchanges have direct trading pairs for BTC/XBT and EUR, complete with their own liquidity pools. If your suggestion is there's something far more complex going on behind the scenes, now's your chance to trot out some evidence.
It's the only way at the moment as we are excluded from the bitcoin ETF market. So if you want the exposure in your SIPP or ISA, all you can do is add MSTR, Grayscale Future of Finance or maybe one of the tracker funds like XBT. So yeah for the tax break and exposure it's the best you can do for now.
Actually, it's a second big crypto hacking this week in crypto, I wonder if this is the same person or at least collaborated [https://www.bitdegree.org/crypto/news/zachxbt-reports-likely-14-8m-exploit-of-rain-exchange?utm\_source=reddit&utm\_medium=social&utm\_campaign=r-XBT](https://www.bitdegree.org/crypto/news/zachxbt-reports-likely-14-8m-exploit-of-rain-exchange?utm_source=reddit&utm_medium=social&utm_campaign=r-XBT)
ETNs have been available in Europe for years with XBT provider leading the way
for XBT? It's how many coins @ agreed upon values the degens/MMs are willing to wager against other degens/MMs in a perpetual swap contract with the ultimate goal of making more BTC.
XBT is a derivative. If there aren't enough buy orders (with BTC as the collateral) the "price" will fall. It has nothing to do with fiat and everything to do with liquidity on their exchange. gg to anyone who got filled. Those are risk free longs when the mark price is pegged on spot exchanges.
When the 2017 ATH was breached in roughly December 2020, BTC went up another ~240% by April 2021, crashing 50%, but topping out at ~250% past previous ATH in Nov 2021. Wonder if we will get similar price action. (Rough numbers using XBT on Bloomberg)
Sure 0%as I wrote is not entirely correct. The tax is 2,5% per year+when you sell+courtage for Bitcoin XBT for example. So still way less than 30% and much easier not needing to do declare it. So idk where you get 30% on a 7% yearly gain from?
Use Relai or Pocketbitcoin, both Swiss regulated BTC-Only exchanges, no KYC, only IBAN required. Relai offers once a month abuy free of any fees for max €100. With both you can buy directly to your hardware wallet. Fees are 1% and 1.5% respectively when buying DCA and minimum €100. Use code XBT and weekly/monthly DCA to get a reduction from 2% to 1% on Relai.
Use Relai in Switzerland. No KYC, you only need your IBAN to transfer fiat to them. Download their app and take advantage of zero fees once a month for a buy up to €100: [relai.app](https://relai.app) When buying more reduce your fee with monthly DCA and code "XBT" to 1%.
tldr; The Ethereum (ETH) ETF market is valued at $5.7 billion, with Europe holding an 81% majority. The largest Ethereum ETF is XBT Ethereum Tracker One with $3.5 billion in assets. The ETF landscape is concentrated in Europe and Canada, with the US lagging due to regulatory hesitancy. Ethereum ETFs are traded in 13 countries across seven markets, with 27 active ETFs globally. The market is dominated by futures ETFs, which account for 68.5% of total assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
TLDR; The Ethereum (ETH) exchange-traded fund (ETF) market is valued at $5.7 billion, with Europe holding an 81% majority share, as per a report by CoinGecko. The XBT Ethereum Tracker One (COINETH) is the largest Ethereum ETF globally, with almost $3.5 billion in assets. Europe dominates with the top 10 ETFs, while Canada's CI Galaxy Ethereum ETF (ETHX) and Europe's 21Shares Ethereum Staking ETP (AETH) are notable. The US lags due to the SEC's reluctance in approving spot ETH ETFs. Globally, there are 27 active Ethereum ETFs, mainly concentrated in futures contracts. The market saw significant growth during the 2021 crypto bull market, with new launches continuing in 2022 and 2023, including the Halogen Shariah Ethereum Fund (HALSETH) in Malaysia in 2024.
Use [relai.app](https://relai.app) \- €100 once a month no fee, non-KYC, 1% fee when using a referral code like "XBT" and €100 minimum DCA, Swiss privacy and security, direct savings to a hardware wallet - or... ... [pocketbitcoin.com](https://pocketbitcoin.com), also Swiss - basically the same.
XBT is the European one. I’m sure you can Google the Canadian one.
Antar att du inte syftar på XBT (en ETN) eller liknande certifikat? Ge mig en länk till en spot ETF, tack.
If you are referring to BITCOIN XBT, it's an ETC (exchange traded *certificate*), not ETF. But I agree with you, it's been an IRL cheat code for me too 😎
The abbreviation "XBT" comes from the International Standards Organization (ISO) that maintains a list of internationally recognized currencies. The standard dictates that if a currency is not associated with a particular country, it should begin with an “X”, hence "XBT". Another example of this is the abbreviation for gold, "XAU".
Some of those who love XBT are the same who burn crosses – that's all you need to about her.
BTC Bitcoin XBT Satoshis Bits
Thanks, didnt know you could do that. Looked at Avanza and seen theres XBT but priced at 1500sek. So if you buy into the XBT, its like paper BTC, and you get a fraction of a BTC that is pegged to the actual BTC price, right?
If you own actual bitcoin or any other crypto, you have to pay tax on your profits. But in Sweden we have a special type of account called "ISK" which basically stands for "Investment Savings Account". The holdings in an ISK are not taxed on the basis of profits taken. Instead you are taxed a very small percentage of the total value of the securities held in the account. Bitcoin can not be held in an ISK obviously, but there are a few solutions that are similar to ETFs, like bitcoin XBT, that can be held in an ISK account. Thereby you avoid the tax on the profits with this solution.
>XBT provider takes like 2 percent per year as a fee. I much rather pay those 2% per year though, than 30% on my profits on an asset that can easily appreciate 500% in a year. Yeah, well that\`s not all that is not reflecting ion price increase. I know for reassons. I also own XBT, that is what i consider my Shitcoin Portfolio.
>Also XBT does not reflect the actual price movement of BTC. XBT provider takes like 2 percent per year as a fee. I much rather pay those 2% per year though, than 30% on my profits on an asset that can easily appreciate 500% in a year.
> Also, if you want to invest in crypto in Sweden, why not get an ISK account at avanza and buy a certificate like Bitcoin XBT? You missing the Point of Bitcoin. Also XBT does not reflect the actual price movement of BTC.
As a Swede living abroad: You should really try living in other countries for a bit. You'll see that Sweden in most respects is pretty fucking awesome in comparison to most other countries. Also, if you want to invest in crypto in Sweden, why not get an ISK account at avanza and buy a certificate like Bitcoin XBT? You will pay next to zero taxes on your gains.
Has anyone heard of XBT exchange in Google play store? Not xbt prime
Every time you use that code Blocktrainer earns a commission. Better ask a friend or family member to install the app (no KYC) and by using this elegant way you kinda orange-pill them and let them earn sats (every buyer on Relai gets their own referral code, mine for example being "XBT"). Check out their website about the fees: https://support.relai.app/en/articles/5658120-how-much-do-i-pay-in-fees-for-buying-selling-bitcoin Besides €100 of one-time buys every month are w/o fee. I'm a Relai Squad member so if you have any other questions let me know (also in German). https://relai.app/blog/join-the-relai-squad-work-in-bitcoin/ Edit: Unlike Relai (unfortunately) pocketbitcoin.com supports instant payment which lets you buy the dip w/o waiting 2-3 days before the payment clears.
Theres a shit ton of ETPs in Europe that track the underlying asset and are fully backed by the underlying asset, first one since 2015. XBT Provider / CoinShares / WisdomTree / VanEck / Valour all have ETPs available for europeans. I think you can't have actual ETFs for non-institutionals/pro's due to UCITS which requires diversification.
He has some reality distortion history where he claims that BTC is an altcoin illegally derived from "Bitcoin" (by which he means BSV) in 2017. He even has gone so far as to say that B T C is a new ticker symbol that means "Bitcoin Core" and that originally Bitcoin had the ticker symbol XBT.
There is a ISO standard that requires digital currencies to start with an X and have three letters. Bitcoin on Kraken is / was (?) XBT instead of BTC.
What are you talking about? XBT Provider (the oldest one afaik) / CoinShares ETPs are backed by underlying, they even have a proof of reserves system on XBT provider site. The prospectus states that CoinShares holds corresponding amount of the underlying asset.
Actually, XBT Provider Bitcoin Tracker Euro (Sweden) has been trading on international exchanges for years. On the larger brokerages (Hargreaves Lansdown, IG, etc), you always could get exposure to bitcoin assets trading on European exchanges. [https://www.hl.co.uk/shares/shares-search-results/x/xbt-provider-bitcoin-tracker-euro](https://www.hl.co.uk/shares/shares-search-results/x/xbt-provider-bitcoin-tracker-euro) And it has been trading on NASDAQ for years. News 'reporters' - lets do our research please.
>XBT That's the "currency" code by the ISO. Whilst you can "buy it", its not in an ETF.
Its official ticker is XNO, like how BTC is also XBT
Potentially 3300usd of Bonk (sol memecoin) in January from an airdrop, but I only sold at 2K+. Potentially 2600usd of 0XBT (BRC20 memecoin) recently but only sold for 1400 :( Bought a bit of the dip with some of the profits for 100usd. Currently down on that 100usd. Then tiny profits from PEPE and PEPE2 (just 2x) from 200usd investments. ​ First shitcoin I bought was shib for 100usd when I was active in this sub. Sold due to sentiment here just before the 2nd pump. Thank you CC, MFers :P
We already have XBT bitcoin in sweden. What are they talking about
Ooooh this is a good question!! And I’ve honestly been eager to answer it for a while because I’ve tried sharing my process before and people thought it sounded kind of shillish :P But I subscribe to sofi daily for some email updates in the morning across both markets crypto and traditional and I’m on coindesk and cointelegraph to check the latest news aswell and from there I just bounce around and just 2x-3x verify what I’m reading if it holds my interest :) Also to answer your question about how I would research a project is pretty basic I start with an online search and I usually like to start at the foundations page or something official in regards to whatever I’m researching and then I start checking out the developing stories and stories being released recently about the topic and like I mentioned earlier this is where the double and even triple checking sources comes in to make sure you’re speaking on facts and learning about the right topics from reputable sources. There’s a wealth of news but certain sites you’ll be able to start noticing work better for you than other sites that even I might use but I can’t forget to mention checking out the analytics; I like to go on coingecko (browser for initial research it has more options to view charts, app for monitoring prices and quick price checks/comparisons etc. but I also go on coin market cap to get a feel of consistency because I’ve noticed that different analytic sites will sometimes display different but also another awesome one for analyzing coins is geckoterminal imo. Tbh I’m a news whore I still even pop into voyager app even though I hold nothing and refuse to use them but just to read the headlines and click into any that seem impactful or important/interesting to me, I do the same with coinbase but as I mentioned earlier certain sites will tailor what news they offer and I think that’s on purpose to keep people only using that source of news in the dark on things that should be discussed on the platform’s newsfeed, but nonetheless I’m sure I’ve missed some and in regards to crypto YouTube I would take them all with a suspicious standpoint just don’t accept what they say verify because it’s not as easy as who you can and can’t trust it’s more of who is well versed on the news they’re breaking like for example I can NOT stand The Coin Bureau but he has 2 videos up recently about CBDCs and a report that was written on them by someone at the IMF and I found that intriguing and I was able to pull from that but generally I’ve found him to be inaccurate bordering on incompetent. Your honestly in the best place I’ve found that has news related to the space all consolidated from many of the sources I listed and even more I haven’t, as long as your approaching things with an apprehensive mind and have the desire to verify and chase down whatever information your researching you really can find a great deal of information on here For example I joined back around this past Christmas time and I’ve easily learned and connected with more resources in the space here in 7 months than I had previously in 2 and 1/2 years 😬 I could also just be slow too lol so your mileage may vary haha! Just to touch again on the YouTube channels because even though it’s my opinion that it’s not the best place to stay up to date on the happenings and news in the space I almost forgot to mention there are 2 that I would recommend to everyone and that’s Coffeezilla and ZachXBT, XBT is more so the basis of videos and he’s being covered but I’m sure he’s made an appearance over call or in video that I haven’t seen, idk I’m not too active on YouTube except for research really 🤣 I know that sounds contradictory but I’m not using it to research blockchain tech I use it to fine tune my understanding and knowledge on other fields/topics etc. I hope this massive book of a comment finds you well and that it helps relieve some anxiety about researching, you really can go about it how ever you feel comfortable, I by no means am a crypto wizard or have a supreme way it’s just what I’ve found works for me and my investment strategy and has served me well I’ve been able to dodge all the major collapses and to date my biggest loss is $3.77 of Luna so with the right vigilance like I was saying and risk management you can operate in areas others have been wrecked if you so wanted, like for example I mentioned I’d been through voyager but I hadn’t mentioned I’ve actively traded and used each service that has went under and been able to withdraw and leave as soon as I got the stomach feeling that stuff wasn’t right off articles I would read like I’ve rode through ftx Celsius donut finance Gemini binance voyager obviously :p and idk I’ve just never been apart of a loss or vulnerability; Part of that I thinks the network of awesome people I’ve met on here from all types of technological backgrounds and it’s been a real blessing, it’s a wonderful place but at the same time there’s probably a handful or two of scammers that will read over this message by the time you have and try to message you or me offering help/services/profits etc. so just be very weary of DMs, be polite and respectful but just assume it’s a social engineering scam right away and be mindful of information released if you decide to chat and ya that’s really all I have off the top of my head!
Changed to be ISO complient. Supranational currencies starts with an X. Like Bitcoins ticker symbol is XBT
Supranational currencies starts with X in ISO 4217. That's why it was changed. Bitcoin has the symbol XBT. Is that also "lame"?
It might very well turn out to just be damage control. Also Zach XBT thinks otherwise. https://cointelegraph.com/news/atomic-wallet-hack-affected-1-of-active-users-investors-claim-otherwise
Zach XBT saved a lot of innocent people's money. Respect.
But my XBT-USDT perpetual contract still charging me funding (since I went long) instead of paying me funding. Although I guess they don't want the price to go up per se, they just need to manipulate the funding rates to keep it as close as possible to the underlying asset. Must *twitch* resist *twitch* temptation *twitch* to lock in my loss *twitch* and go short instead, the second I do the price will start to go back up
Bitcoin Satoshis Sats BTC XBT
Bitcoin or BTC or XBT ??? Are they the same!! 😱😱😱😱.
Fun fact: The international standards organization dictates that a currency that is international begins with an x (Gold is XAU) so cryptos that wanted to adhere to this and appear legitimate, would begin with an X For example, bitcoin used to be XBT, there’s Xrp, Xlm
Kiyosaki’s Tweet: > "CRASH is here. Silicon Valley first dominos fall laying off 144,000 in 2022. 66,000 more 2023. VALENTINES DAY MASSACRE predicted by Stansberry Research. Everything will crash including prices gold, silver, BC. Do not panic. Good news. I will buy more G,S,BC, real money w/ fake $." I’m not gonna take advice from someone that doesn’t even know how to abbreviate Bitcoin (BRC, XBT) properly.
Yeah sorry. Messed up my XBT trade leveragd ratio.
https://support.kraken.com/hc/en-us/articles/360047124832-Downloadable-historical-OHLCVT-Open-High-Low-Close-Volume-Trades-data (BTC's currency code = XBT over there)
XBT only CEX are not forbidden, no??
Yeah sorry I hope you didn't take my comment as being dismissive of yours! There's always the risk that we may see a new local minima. I personally believe that we have yet to see all-time max, but there's always the chance that I'm wrong about that, too. I only intended my comment to complement yours to keep things in perspective. Were we to see XBT go down to 12k, it's important to remember that on a timeline as short as the past 5 years, that's *still roughly 33% higher* than the previous high on that timeline. That's about what you would get from an investments that compound at a an annual rate of 7%, which is the figure that I use for conservative investment account projections. It looks even better if you calculate the moving average, but I'm not going to do that here. Just wanted to share that whatever comes for XBT, I don't think anyone should be all too concerned in the long run. Just remember to diversify (not with shitcoins).
In that case buy from Relai. It's registered in Switzerland, non-kyc (or soft kyc through IBAN/bank acc.), 900 Euro/CHF max daily - when non kyc-ed, otherwise pretty much unlimited, you can buy directly to the hardware wallet or node, DCA daily/weekly/monthly, 1% fee when DCA + min. 100 Euro + referal code ( you can use mine if you like: XBT) Alternative: [pocketbitcoin.com](https://pocketbitcoin.com) \- similar to Relai and also Swiss with high privacy standard
Buy at pocketbitcoin.com or relai.com via SEPA (soon instant payment implemented) . When you use ref. code (mine being XBT), DCA 100 ($€£) and use a standing order you only pay a 1% fee all inklusive. Max. payment per day 900 ($€£) and last but no least no KYC - or soft KYC (IBAN).
Great advice. I'm leaning more on the side of DO invest in altcoins though IMO. But, when the bear does come to convert most of that back to XBT/USD to have money to buy when prices go lower. You HAVE to do your own research though, not trust some youtube video that's using you as exit liquidity. Been in crypto since 2016 & I've learned the best place to make the most returns is altcoins. Especially the ISO20022 coins. I for SURE see a future in XBT though. I make my money off of alts, then put it back into XBT/BTC when it's the bear. Just my own opinion! It's always worked for me. Not saying it will work for everyone.
That is 100% correct. The abbreviation "XBT" comes from the International Standards Organization (ISO) that maintains a list of internationally recognized currencies. The standard dictates that if a currency is not associated with a particular country, it should begin with an “X”, hence "XBT". Another example of this is the abbreviation for gold, "XAU". Cheers, Kraken- Rosa
Why the F do Bloomberg tickers all have an "X" in front of the symbol? * Bitcoin = XBT * Ethereum = XET * Litecoin = XLC Some of them don't even make any fucking sense
It's clear the SEC lowered the bar for futures Bitcoin ETF so Bitcoin hating billionaires can short it https://www.cnbc.com/2018/05/08/tyler-winklevoss-tells-bill-gates-how-to-short-bitcoin.html >"Dear @BillGates there is an easy way to short bitcoin," Tyler Winklevoss said in a tweet. "You can short #XBT, the @CBOE Bitcoin (USD) Futures contract, and put your money where your mouth is!" Any argument against the spot Bitcoin etf would apply against the futures ETFS too.
It's clear the SEC lowered the bar for futures Bitcoin ETF so Bitcoin hating billionaires can short it https://www.cnbc.com/2018/05/08/tyler-winklevoss-tells-bill-gates-how-to-short-bitcoin.html >"Dear @BillGates there is an easy way to short bitcoin," Tyler Winklevoss said in a tweet. "You can short #XBT, the @CBOE Bitcoin (USD) Futures contract, and put your money where your mouth is!" Any argument against the spot Bitcoin etf would apply against the futures ETFS too.
This is what I came for. Should be price in USD & XBT on the chart ;)
>Its quite absurd suggesting I would Buy 1 dollar of bitcoin at a time. 1 USD was used just for the sake of simpler maths. I am too stupid to follow. I still think you are spending double amount when you buy something for XBT and then buy the same amount of XBT. In short run it's just a gamble.
Interesting how you took the lowest number above when the range is 6-30% off of everything. Are you looking objectively at the numbers ? Lets go with your 6% regardless. Its quite absurd suggesting I would Buy 1 dollar of bitcoin at a time. Lets say I buy 500 usd on coinbase for 0.4% and withdraw for 1 usd = 3 usd in fees , than I use that BTC to make multiple purchases for 10 cents in total fees including loading the LN channel for a total of 3.10 usd in fees. The amount saved at 6% is 30 USD so I am coming out ahead. >What if ultimately XBT goes to the moon? What if ultimately XBT fails? Why does any of this matter? I spend and replace thus volatility doesn't effect me and I never have regrets when Bitcoin eventually appreciates in value. >I do not have certainty that XBT will succeed. Do you? No one can predict the future, but that is moot, bitcoin is very useful now for security, privacy , and saving money
How is it saving? Suppose you want to buy something worth $1. 6% discount for paying with XBT like you said. You but that with XBT so it is $0.94 (in XBT). Then you have to replace spent XBT - you buy $0.94 of XBT. Now you spent 2x$0.94=$1.92 for the item worth $1. What if ultimately XBT goes to the moon? What if ultimately XBT fails? I do not have **certainty** that XBT will succeed. Do you?
Tell that to the guys that paid 10k XBT for a pizza.
10,000 XBT pizza all over again.
That would be a good strategy if XBT replaces other currencies (fiat and other crypto) with certainty. Otherwise, you'll be paying 2x the price for everything.
Yep! XBT is way cooler than BTC
Wasn't aware of that! Yep I'm Team XBT too now 👍
BTC ticker was actually XBT before btw, and i prefer XBT
Yeah , and on XBT. I don't even know what that is.
Lmao RemindME! 30 Days "XBT<>24k"
If you still want crypto and stable coins BTC/XBT: Equivalent to ETF for crypto in terms of exposure to sector with less individualized risk. ETH: You clearly have faith in using random services, and they all derive from this. USDC: It’s more backed, reserve ratio wise, than the US dollar you hold in your bank or your pocket. Alts: Just that. Altcoins. Everyone is a gamble. Look at the top 10 every year, and the only two that lasted were BTC and ETH. It gets drastically worse if you do top 25, 50, etc. Don’t try to time buys, Use Dollar Cost Averaging (DCA) Google it. Read the white papers, if you read the Terra one, you’d see a bear market and even a cooling of international finance would collapse the whole ecosystem. Learn from your mistakes, and good luck.
Making a decision about an exchange is a huge decision, so I laid out the pros and cons. All info OP needs if they decide to try primeXBT. Also wanted to make it clear I wasn't a shill so I made sure to list the downsides to the platform. That's all it is. The benefits and downsides to prime XBT. Only important info if you are looking for a new futures exchange.
Why? The X originally was from the “country code” X just like BTC used to be XBT
I have an app for tracking personal finance. Money Manager EX. Today I look at the currency list and they still have XBT at $10,200. Apparently it hasn’t been updated for years.
I tried looking up what you’re talking about. https://www.theregister.com/2022/01/19/craig_wright_bitcoin_sv_high_court_sueball/ is all I could find in addition to ( Bitcoin SV ) BSV references. I assume BSV is not BTC, XBT.