damn…should’ve picked some up at $0.05
I was (kinda still am) expecting the market to dip a bit lower…I may end up being wrong tho smh
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
damn…should’ve picked some up at $0.05
I was (kinda still am) expecting the market to dip a bit lower…I may end up being wrong tho smh
Bloomberg - Are you a robot?
Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.
Individual investors would be allowed to trade larger coins on exchanges licensed by the Securities and Futures Commission, providing safeguards such as knowledge tests, risk profiles and reasonable limits on exposure are put in place, the regulator said in a consultation paper on Monday.
The agency didn’t specify which large-capitalization tokens will be allowed for retail investors. Instead, it said the coins should be included in at least two acceptable, investible indexes from independent providers, one of which should have experience in the traditional financial sector.
The consultation period will end on March 31, and the objective is to allow retail trading in the new licensing regime for crypto exchanges due on June 1. Bitcoin and Ether, the two biggest digital assets by market value, are likely to be listed by Hong Kong platforms, an SFC spokesperson said in a briefing.
Hong Kong at the end of October pivoted to a pro-crypto stance, part of a wider effort to restore the city’s credentials as a financial center. Officials are aiming to learn the lessons of last year’s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the collapse of the FTX exchange, to create a mandatory regulatory framework that can woo firms and protect investors.
The consultation paper didn’t specify particular crypto indexes as a reference point for a taxonomy of allowable tokens. The onus would be on exchanges to monitor listed assets to ensure they qualify for trading by individual investors.
The government has already allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures and this month sold inaugural digital green bonds.
Digital-asset executives are increasingly being drawn to the friendlier policy stances of places like Hong Kong, Dubai and Europe as a spate of crypto probes in the US cloud that country’s position as an industry heartland.
Cameron Winklevoss, co-founder of the crypto exchange Gemini, tweeted Sunday that his “working thesis” is “the next bull run is going to start in the East.” Brian Armstrong, chief executive officer of Coinbase Global Inc., has alluded to Hong Kong as among the jurisdictions now leading in digital assets.
Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.
Individual investors would be allowed to trade larger coins on exchanges licensed by the Securities and Futures Commission, providing safeguards such as knowledge tests, risk profiles and reasonable limits on exposure are put in place, the regulator said in a consultation paper on Monday.
The agency didn’t specify which large-capitalization tokens will be allowed for retail investors. Instead, it said the coins should be included in at least two acceptable, investible indexes from independent providers, one of which should have experience in the traditional financial sector.
The consultation period will end on March 31, and the objective is to allow retail trading in the new licensing regime for crypto exchanges due on June 1. Bitcoin and Ether, the two biggest digital assets by market value, are likely to be listed by Hong Kong platforms, an SFC spokesperson said in a briefing.
Hong Kong at the end of October pivoted to a pro-crypto stance, part of a wider effort to restore the city’s credentials as a financial center. Officials are aiming to learn the lessons of last year’s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the collapse of the FTX exchange, to create a mandatory regulatory framework that can woo firms and protect investors.
The consultation paper didn’t specify particular crypto indexes as a reference point for a taxonomy of allowable tokens. The onus would be on exchanges to monitor listed assets to ensure they qualify for trading by individual investors.
The government has already allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures and this month sold inaugural digital green bonds.
Digital-asset executives are increasingly being drawn to the friendlier policy stances of places like Hong Kong, Dubai and Europe as a spate of crypto probes in the US cloud that country’s position as an industry heartland.
‘Next Bull Run’
Hong Kong’s pivot could also open up a conduit to mainland Chinese investment if Beijing one day loosens the ban on most things crypto on the mainland.Cameron Winklevoss, co-founder of the crypto exchange Gemini, tweeted Sunday that his “working thesis” is “the next bull run is going to start in the East.” Brian Armstrong, chief executive officer of Coinbase Global Inc., has alluded to Hong Kong as among the jurisdictions now leading in digital assets.
Fetch with another bounce off the 100 EMA on the 4H. Last one around interest rate decision. Let's see how high this bounce takes us.
It might be like clockwork at this point. Who knows how long it'll last. I know Bosch made a big investment recently.
I know Bosch makes speakers or headphones or stuff like that and apparently does more. So this partnership will surely help.
Now back to the chart. In the previous one I circled where it bounced off that EMA line, and that was about a week ago, and now it's doing it again. Hasn't been much crazy movement but can rely on it staying above the orange line for now.
I know they got a FOMC meeting tomorrow. Looks like they're releasing the minutes at 2pm EST. So I know there has been some selling leading up to it. Not a major meeting like CPI or interest rate but likely just brainstorming about what's next. CPI not due until next week I think. I expect them to talk about another .25 rate hike or maybe even no rate hike tho I think .25 more likely. Some positive news from the meeting may have things going back up thru rest of the week.
Oh now China is getting on board?
Folks saying their economy is shyt and that is why they may jump into crypto. Supposedly Hong Kong getting is is a test and if it goes well they will let the rest of the mainland get in the action in a couple of years.
Better buckle up. Looks like 2024 and 2025 gonna be a rocket ship to the moon if China jumps in.
Lambo dreams might come truefunkee
All Star
i have 10-15k to reinvest. will go w/ btc, eth, and qnt for 80% of it. suggestions for remaining 20%?
IMO try Matic, Yearn, ADA, FTM and Link..(but as always the disclaimer not financial advise....)
I am sure brotha @mannyrs13 can give you some ideas. But IMO getting BTC, ETH and QNT will set you up very well.
In The Zone '98
Superstar
This was never in doubt.
But, you know who, will be in here with his logical Fallacy video soon.
Throw something into Drip. It's been going up lately but still cheap. Get a metamask wallet if you don't have one. Add bsc chain and get in the drip vault. Don't know if @Sbp still got a working buddy address but there's plenty out there if needed. 1% a day. Just gotta keep some bsc on deck to compound. I remember when I was getting like 7 drip a day and now I'm around 43 and still nowhere near max wallet. I compound, sell some to bsc to have gas fees for the week, or swap to smaller coins to build those stacks. Protocol just keeps consistently working. I think for two years now it has been. $1k into drip will help in the long run.
Sbp
Superstar
I do
Formerly Black Trash
Philosopher, Connoisseur, Future Legend
Yearn going back up
Whole market in the red.
Fetch:
the rest of the coins.
For now at least.
Fetch:
the rest of the coins.For now at least.
@mannyrs13 Tell me why im trying to buy ETH through my CB wallet and i keep getting an error that the eth wallet not recognized??? WTF is going on???