Daily Crypto Markets Live Blog: Seems Everyone Is Buying GBTC (08/28/21)

in LeoFinance3 years ago

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Cuban government says it plans to regulate cryptocurrencies this is one of the latest news that has been talked about for a long time and the EU now seems to be gaining traction in some countries.

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Interesting
Another evidence that Central and Soth America may take an important role in the crypto revolution

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Yes I think they start

That's a great news. After CUBA, which one is going to be the next country to make bitcoin a legal tender.

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And maybe other countries next

That is true. There is a lot that the regulators are going to try come down upon.

The key is to decentralize, distribute, and open source everything.

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For this in Cuban it's seems that there are many countries plans as Cuban to regulate cryptocurrencies but don't have much awareness on it.

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Mark Cuban loves himself some regulations.

I think it is great. The only ones who care about them are the ones who they are written by, those they are regulating. They are one and the same.

Cryptocurrency needs to decentralize so that what the SEC says is immaterial.

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That is because he got burned being greedy. Did not do his research and lost his arse on his foray into DeFi.

Greedy Mark Cuban gif from giphy.com

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Yeah typical. He gets burned and he runs to Daddy (the government) for help.

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LMAO I love de variations of this meme

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LMAO. Poor Cuban.

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Well obviously the SEC is trying to maintain power but it won't work.

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Ultimately SEC will have to listen what billionaires have to say.

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What's the best way to get fiat into HBD to take advantage of the stable 10%?

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I like using Bittrex. You can buy Hive directly from fiat without having to buy BTC or something. There are fees, of course, but it only costs .01 HIVE to transfer it over to your Hive account once you buy it there. Just enter your username WITHOUT the @ sign. And then obviously transactions are cheap to free over here. Not sure if Bittrex lists HBD, now that I think about it. I've never bought it there. I know they used to list SBD but I have never checked on HBD....

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Use any crypto you have and exchange it using Blockctrades into HBD. They have multiple options. I like LTC to HBD the most. Costs less and fast transactions.

Also buy Hive and use convert feature on Hive. It will consider HBD's price at $1 instead of $1.2. You will get more HBDs. But there's a risk of Hive fluctuating downwards or HBD going below $1. In both cases, you lose money using convert feature.

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I'm a bit of a noob when it comes to exchanges so I stick to the devil I know, which is Binance...

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Question.
Do you think swap and KYC-less exchanges will feel the burn after regulations?
Do you think govt around the world would attack swap and KYCless exchanges?

Like Uniswap? They're going to have a hard time finding them. That's the point of DEX's and AMMs....

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No. Because they can't. Decentralized exchanges are powered by community members sitting in all parts of the world. They cannot regulate the whole world. 😋

You can always use VPN if they ban the domain.

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Do you think that with the intrusion of the government part of the countries, Bitcoin will suffer some fall and drag the other currencies to, down, or do you think it could be the other way around and we have an increase in the crypto value.

I dont think it will have impact. Government action takes so long to go into effect. China was rapid yet a couple months later, all is being recovered.

This thing is too far gone for them to stop. Governments are truly playing catch up.

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A few moments ao I posted "What is Terra (LUNA) used for?" to my blog and backlinked @crypto-guides.

Links to guide for Hive. The subtopic was pretty much self-contained aside from Terra being like Hive in its use of DPoS.

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Thank you.

I'll do the intro tomorrow and that's our Terra guide wrapped up :)

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Creator Economy is changing!

WEB 1.0
Companies create content.
Companies make money.

WEB 2.0
People create content.
Companies make money.

WEB 3.0
People create content.
People make money

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That is a great comment. Thanks for the clarity. It does really show how things are.

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Cuba is Legalising cryptocurrency to bypass US sanctions. Interesting move. Let's see if it pays off

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Governments using cryptocurrency to bypass other governments.

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Thats what I was thinking 🤣

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In the long run, every country which has a positive stance towards crypto will get huge benefits. The lives of their citizens will change for good.

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Cuba has trading relations with the rest of the world (including Canada, Mexico, and Europe), so it will benefit greatly from its acceptance of cryptocurrency. Even though El Salvador was the first nation to declare it legal tender along with the USD it uses for national fiat currency, can Cuba overake El Salvador in its rolling out of the cryptocurrncey infrastructure?

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I have a feeling it will not be long before cryptocurrency adoption spread throughout Latin America.

The area is primed for it.

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It would be amazing if cryptocurrency took old there. The exchange rates for some fiat currencies there are horrible (especially in Colombia and Paraguay). Regardless of how the local currencies do, crypto can give the people a fresh start.

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Cryptomaniacs Podcast is out. It sure is an interesting talk and wen sunglass NFT?

https://leofinance.io/@jongolson/xlsqsjaj

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Thanks for sharing that. Some good questions were put forth.

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One of the news, which is, if advanced, in the last few hours is that Jack Dorsey says the plan for the 'TBD' bitcoin project is to build a decentralized exchange

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This is Jack Dorsey we're talking about here. Does he mean decentralized, or "decentralized" ? After what he's done with Twitter, we can't trust him.

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We simply need #ProjectBlank to shut Dorsey up.

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REMINDER!!!

Get your #CANDIES today.

They are going fast. You dont want to be left with empty jars.

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Gotten already, the LMT post is always a reminder for me

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He's making these in his basement infused with THC (along with the donuts) got mine! :)

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Getting high on crypto candies. Sign me up.

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That is what it is here for.

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Yea it definitely is the best reminder for all of us.

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Thanks. I just collected my candies. I didn't visit the post yesterday but was lucky to remember to collect early in the morning.

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Done filling my candy jar with 60 candies today. ✌

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Oh this was a total lifesaver

I got mad drunk last night and I completely forgot about candies

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The long awaited Bitcoin ETH is coming to the United States, at least according to one Bloomberg analyst.

I really do not see how the regulatory approval will come that quickly but I dont know the process so perhaps they could do it within a month.

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Regulatory approval and one month - what an oxymoron!!!

No freaking way - it will take them a month just to figure out when to meet to discuss the thing.

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LMAO. True. They will take forever to understand and approve this.

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Maby they will issue an emergency authorization haha! Seems like executive orders are out, and E.A. is in!

Well...its been hyped so many times I don't even know if its true.

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Welcome to another daily edition of @leomarkettalk. We are heading towards our new contest that kicks off on the first.

Hopefully everyone will be getting their keyboards ready to participate.

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Thank you for reading.  Keyboard Warriors wanted.

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1st of September?

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What kinda time machine are you in? It's August 27th where I'm at

He was referring to when it kicks off.

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Oooh I didn't read the top post..
-facepalm!

Yes that is when it kicks off.

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Looking forward to it, anything to bring more excitement and value

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September is going to be big in terms of engagement. Going to have so much fun chatting with you guys in the comments. ✌✌

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Yea! Let's see if we'll get a lot of new faces that will become regulars!

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I just hope the September new faces chasing money for what we do here daily don't become no-shows October 1!

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Bitcoin is red, hive is green, some mild excitement there, hopefully we can see 1$ if possible, soon.

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Damn that'd be pretty crazy!

@splinterlands is bringing a lot of attention. I would be happen if it gets into the 60s and stays there for a while.

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Pretty much gutted I didn't join the Splinterlands train when I should have.

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There will be other opportunities to come along.

Are you getting into the APE game that Marky put out?

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I'm caught up with a lot of daytime responsibilities at the moment until December, it's pretty much limiting me

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I still have a very shallow knowledge on that one. I need to study it a bit more.

What do you think about it so far? Are you jumping in?

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It's not too late to start. I think you can at least still get back your initial investment by playing the game in maybe a few weeks if you can win matches. Other than that you can always use it to create some posts and pay yourself in the future.

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Man, it's not late at all. You can still earn SPS airdrop by playing up your rank, holding dec and holding SPT and what not... Everyday you will get more and more if you keep at it. Stake those SPS inside your in-game wallet and earn APR too.

Invest in some good cards or maybe pick them on rent from the market. One golden card is making me 200 DEC per day just from the rent. Since we are nearing season end. Players are going crazy and doing everything they can to maximize this opportunity.

It will be too late after a year or so. Splinterlands has already planned a lot of things. So hop the train before they come out.

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Damn I can't wait, also I feel like am too late to involve in this game but your comment give energy.

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It's just the starting bro! Just need to play a little smart while playing and buying cards!

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Ok bro! I think like what am going to do is to investing much time on it as soon as possible. Wait for feedbacks.

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Your content has been voted as a part of Encouragement program. Keep up the good work!

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Thank you for the votes. Keep them coming! I do not mind. Nice that you give us upvotes from all three of your accounts. That is very nice!

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It seems like each day, someone else is getting into GBTC.

You have to love a "plunge" of 1.5 million shares (roughly $60 million). Nothing like dipping your toe in to see how you like it.

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Wow! That is definitely a splash!

Thankfully we are flying under the radar!

I think he dipped in his big toe!

The Simpsons Clip from giphy.com

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It'd be nice if someone took a "plunge" like that into HIVE. We're nearing 0.60 as we speak. That'd be a nice little bump. Be nice of Oprah to buy a million HIVE (and LEO) tokens and announce that we're one of her Favorite Things.

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Oprah should fill her studio with people and tell people to look under their seats to find hardware keys to wallets to ONE MILLION HIVE.

"You have one million HIVE! You have 1 million HIVE!! Everyone has 1,000,000 HIVE!!!"

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LOL

You should be a TV producer. That is pure gold.

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Thanks! I can use the work.

I tried it a little while ago here; it didn't go too well. I knew I should have posted it to LeoFinance as well.

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That's a GREAT idea! Can you imagine waking up one day wondering why HIVE is at $25? Talk about bringing in the masses! :)

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100% agree with you man. We need such investors putting their money in Hive and its DApps. We are creating some amazing stuff here and deserve that kind of financial attention.

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$60 is crazy but then again, its nothing to the hedge funds and banks.

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Another SEED report. Seems like that was a good one to get involved with.

https://leofinance.io/@empoderat/seed-holdings-report-4

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Very sweet Quest Rewards this evening:

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My first Gold Foil!!!

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Congratz on your first gold foil commons. I guess you are using a quest potion right?

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Yes, I am. I bought a bunch with credits just before they removed that option. Not so sure I'm going to spend 750 DEC on them when I run out with it being 800% over peg.

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