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Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

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teems1
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby teems1 » May 12th, 2022, 12:50 pm

bluefete wrote:Risk is inherent in investing money be it cryptocurrency, stocks, bonds, (savings - do not count as investment but you can still lose all)

T&T Financial Failures / Collapses:

1983 - International Trust Ltd.

1984 - Southern Finance

1986 - Trade Confirmers
Summit Finance
Commercial Finance
MAT Securities
SWAIT

1993 - NCB
TCB
WBL

2009 - CL Financial
HCU


These crashes can be tied back to a paper trail where after analysis they could see what was the cause.

Eg the 2009 CL Financial case was due to them being tied up in the US subprime mortgage backed securities. CCC investments were being labelled as AAA by regulators like Moody's.

Crypto has no IFRS report which investment bankers can analyze and say "darn, someone didn't forecast this company's revenue stream properly and that's why I deserved to lose my money".

Crypto is a huge ponzi scheme right now where people are capitalizing on people's greed and FOMO to make a quick buck. It's a huge speculative bubble.

https://en.wikipedia.org/wiki/Economic_bubble

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby toyolink » May 12th, 2022, 1:20 pm

In my 'simple' opinion, cryptocurrency relies on the extremely wealthy globally supporting the value of same by keeping demand at viable levels since there is no other meaningful institutional value support system in place.
What seems to be happening now appears a shift in priorities with the extremely wealthy having to deal with significant negative business pressures impacting the viablility of their core commercial existence.
A lot of what is going on seems to have been precipitate by the global impact of the pandemic and maybe even Mr Putins war resulting in the need to direct real money and financial resources to building resilience.
Instability of any form of currency as we are seeing today, is extremely dangerous for countries and can expose economies to collapse in a matter of days.
Crypto behavior remind me of the 'dotcom' days and the crazy experiences in the 90's where many became billionaires in tech and bankrupt almost overnite.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby Captain Awesome » May 12th, 2022, 2:11 pm

toyolink wrote:In my 'simple' opinion, cryptocurrency relies on the extremely wealthy globally supporting the value of same by keeping demand at viable levels since there is no other meaningful institutional value support system in place.
What seems to be happening now appears a shift in priorities with the extremely wealthy having to deal with significant negative business pressures impacting the viablility of their core commercial existence.
A lot of what is going on seems to have been precipitate by the global impact of the pandemic and maybe even Mr Putins war resulting in the need to direct real money and financial resources to building resilience.
Instability of any form of currency as we are seeing today, is extremely dangerous for countries and can expose economies to collapse in a matter of days.
Crypto behavior remind me of the 'dotcom' days and the crazy experiences in the 90's where many became billionaires in tech and bankrupt almost overnite.
The people new to crypto are very easy to spot.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby wall » May 12th, 2022, 2:30 pm

teems1 wrote:
bluefete wrote:Risk is inherent in investing money be it cryptocurrency, stocks, bonds, (savings - do not count as investment but you can still lose all)

T&T Financial Failures / Collapses:

1983 - International Trust Ltd.

1984 - Southern Finance

1986 - Trade Confirmers
Summit Finance
Commercial Finance
MAT Securities
SWAIT

1993 - NCB
TCB
WBL

2009 - CL Financial
HCU


These crashes can be tied back to a paper trail where after analysis they could see what was the cause.

Eg the 2009 CL Financial case was due to them being tied up in the US subprime mortgage backed securities. CCC investments were being labelled as AAA by regulators like Moody's.

Crypto has no IFRS report which investment bankers can analyze and say "darn, someone didn't forecast this company's revenue stream properly and that's why I deserved to lose my money".

Crypto is a huge ponzi scheme right now where people are capitalizing on people's greed and FOMO to make a quick buck. It's a huge speculative bubble.

https://en.wikipedia.org/wiki/Economic_bubble


Sooo you think this is happening just out of the blue? Prob nothing to do with decades high inflation in the US and the FEDs aggressive attempts to slow the markets by raising interest rates by the highest increase in forever to lower said inflation ? The most speculative stocks -tech , crypto etc will obviously be the hardest hit. The US is on the brink of a recession . Have you seen the traditional markets ? Large blue chip stocks down 50+ % in no time , Dow and SP down nearly 20% YTD with more to go until inflation comes down to an acceptable level . As for paper trail crypto far exceeds anything else out there . Every transaction is on The blockchain which is untamperable and there for Everyone to see . Crypto is highly Speculative yes but it’s no ponzi scheme

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teems1
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby teems1 » May 12th, 2022, 3:05 pm

wall wrote:
teems1 wrote:
bluefete wrote:Risk is inherent in investing money be it cryptocurrency, stocks, bonds, (savings - do not count as investment but you can still lose all)

T&T Financial Failures / Collapses:

1983 - International Trust Ltd.

1984 - Southern Finance

1986 - Trade Confirmers
Summit Finance
Commercial Finance
MAT Securities
SWAIT

1993 - NCB
TCB
WBL

2009 - CL Financial
HCU


These crashes can be tied back to a paper trail where after analysis they could see what was the cause.

Eg the 2009 CL Financial case was due to them being tied up in the US subprime mortgage backed securities. CCC investments were being labelled as AAA by regulators like Moody's.

Crypto has no IFRS report which investment bankers can analyze and say "darn, someone didn't forecast this company's revenue stream properly and that's why I deserved to lose my money".

Crypto is a huge ponzi scheme right now where people are capitalizing on people's greed and FOMO to make a quick buck. It's a huge speculative bubble.

https://en.wikipedia.org/wiki/Economic_bubble


Sooo you think this is happening just out of the blue? Prob nothing to do with decades high inflation in the US and the FEDs aggressive attempts to slow the markets by raising interest rates by the highest increase in forever to lower said inflation ? The most speculative stocks -tech , crypto etc will obviously be the hardest hit. The US is on the brink of a recession . Have you seen the traditional markets ? Large blue chip stocks down 50+ % in no time , Dow and SP down nearly 20% YTD with more to go until inflation comes down to an acceptable level . As for paper trail crypto far exceeds anything else out there . Every transaction is on The blockchain which is untamperable and there for Everyone to see . Crypto is highly Speculative yes but it’s no ponzi scheme


LUNA went from $117 last month to 2cents currently.

What is the explanation for that? Where is the "trail" similar to Moody's incorrectly categorizing a CCC asset as a AAA one back in 2008.

It doesn't matter that every transaction is in the blockchain. The real question is what is the precursor to these coins death spiral? Right now it's all looking like pump and dump schemes.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby pugboy » May 12th, 2022, 3:41 pm

the sad part is that apart from bitcoin and maybe a few others
ALL them other "crypto" coins/assets are basically speculative junk in the literal sense of the word, even nft and all falling in that category, shouldnt even call them assets either

bitcoin and its cryptographic architecture is/was meant as a whole system for replacing paper money with an electronic transfer system that anybody can use, it has proven to be very solid and scaleable and so far unhackable.
the best minds in the mathematics world have examined the technology behind it without fault.

99.999% of all bitcoins are bought/moved as speculative value buying instead of using it as a mechanism for value trading goods and services.

a true crypto coin has a complete distributed public database supporting it with anybody being able to be a miner
all them other coins have nothing behind them and are just a fake name purporting to be "crypto"

few people understand this

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wall
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby wall » May 12th, 2022, 3:44 pm

teems1 wrote:
wall wrote:
teems1 wrote:
bluefete wrote:Risk is inherent in investing money be it cryptocurrency, stocks, bonds, (savings - do not count as investment but you can still lose all)

T&T Financial Failures / Collapses:

1983 - International Trust Ltd.

1984 - Southern Finance

1986 - Trade Confirmers
Summit Finance
Commercial Finance
MAT Securities
SWAIT

1993 - NCB
TCB
WBL

2009 - CL Financial
HCU


These crashes can be tied back to a paper trail where after analysis they could see what was the cause.

Eg the 2009 CL Financial case was due to them being tied up in the US subprime mortgage backed securities. CCC investments were being labelled as AAA by regulators like Moody's.

Crypto has no IFRS report which investment bankers can analyze and say "darn, someone didn't forecast this company's revenue stream properly and that's why I deserved to lose my money".

Crypto is a huge ponzi scheme right now where people are capitalizing on people's greed and FOMO to make a quick buck. It's a huge speculative bubble.

https://en.wikipedia.org/wiki/Economic_bubble


Sooo you think this is happening just out of the blue? Prob nothing to do with decades high inflation in the US and the FEDs aggressive attempts to slow the markets by raising interest rates by the highest increase in forever to lower said inflation ? The most speculative stocks -tech , crypto etc will obviously be the hardest hit. The US is on the brink of a recession . Have you seen the traditional markets ? Large blue chip stocks down 50+ % in no time , Dow and SP down nearly 20% YTD with more to go until inflation comes down to an acceptable level . As for paper trail crypto far exceeds anything else out there . Every transaction is on The blockchain which is untamperable and there for Everyone to see . Crypto is highly Speculative yes but it’s no ponzi scheme


LUNA went from $117 last month to 2cents currently.

What is the explanation for that? Where is the "trail" similar to Moody's incorrectly categorizing a CCC asset as a AAA one back in 2008.

It doesn't matter that every transaction is in the blockchain. The real question is what is the precursor to these coins death spiral? Right now it's all looking like pump and dump schemes.

From what I’m understand Luna crashed because the stable coin it issues , UST depeged from the $1 . UST is an algorithmic stable coin backed by a number of different assets one being BTC Unlike USDT (another stable coin) which is backed primarily by US bonds and less volatile assests . Luna recently purchased a couple billion in BTC to back said stable coin . Probably not the best idea having a unstable assest like btc to back it . however there’s rumors and speculation that bad actors in the space with lots of financial backing took advantage of this by buying a size-able portion of UST and BTC and proceeded to dump the btc and ust aggressively on the already falling market causing a cascading effect off liquidations on long positions and panic sellers . The luna team then we’re forced to sell a large quantity of btc to try to recover the peg further dumping the price of btc . And as we all
Know with btc falling all alt coins are sure to follow . All while said bad actors opened a short position to capitalize on this sharp fall to the tune of close to a billion dollars .

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wall
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby wall » May 12th, 2022, 3:51 pm

Luna were then forced to increase the supply of Luna tokens to attempt to repeg UST after they were unable to gather the needed injection of billions of USD from private investors . Think they increased the total coins in circulation by a a sizeable amount . So obviously with more on the market the price would be negatively affected . this event is likely to bring heavy regulation to the stable coins in crypto very soon as big brother has been wanting to do for quite a while . They don’t like the idea of anything competing with the USD after all. Again I’m no genius and most of this shti goes way over my head but Thts what iv gathered from the whole situation so far

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby VexXx Dogg » May 12th, 2022, 4:02 pm

cryptoshitstorm 2022.
good luck cryptobros.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby pugboy » May 12th, 2022, 4:04 pm

always remember somebody buying when these ppl dumping…..

VexXx Dogg wrote:cryptoshitstorm 2022.
good luck cryptobros.

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teems1
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby teems1 » May 12th, 2022, 4:07 pm

wall wrote:
teems1 wrote:
wall wrote:
teems1 wrote:
bluefete wrote:Risk is inherent in investing money be it cryptocurrency, stocks, bonds, (savings - do not count as investment but you can still lose all)

T&T Financial Failures / Collapses:

1983 - International Trust Ltd.

1984 - Southern Finance

1986 - Trade Confirmers
Summit Finance
Commercial Finance
MAT Securities
SWAIT

1993 - NCB
TCB
WBL

2009 - CL Financial
HCU


These crashes can be tied back to a paper trail where after analysis they could see what was the cause.

Eg the 2009 CL Financial case was due to them being tied up in the US subprime mortgage backed securities. CCC investments were being labelled as AAA by regulators like Moody's.

Crypto has no IFRS report which investment bankers can analyze and say "darn, someone didn't forecast this company's revenue stream properly and that's why I deserved to lose my money".

Crypto is a huge ponzi scheme right now where people are capitalizing on people's greed and FOMO to make a quick buck. It's a huge speculative bubble.

https://en.wikipedia.org/wiki/Economic_bubble


Sooo you think this is happening just out of the blue? Prob nothing to do with decades high inflation in the US and the FEDs aggressive attempts to slow the markets by raising interest rates by the highest increase in forever to lower said inflation ? The most speculative stocks -tech , crypto etc will obviously be the hardest hit. The US is on the brink of a recession . Have you seen the traditional markets ? Large blue chip stocks down 50+ % in no time , Dow and SP down nearly 20% YTD with more to go until inflation comes down to an acceptable level . As for paper trail crypto far exceeds anything else out there . Every transaction is on The blockchain which is untamperable and there for Everyone to see . Crypto is highly Speculative yes but it’s no ponzi scheme


LUNA went from $117 last month to 2cents currently.

What is the explanation for that? Where is the "trail" similar to Moody's incorrectly categorizing a CCC asset as a AAA one back in 2008.

It doesn't matter that every transaction is in the blockchain. The real question is what is the precursor to these coins death spiral? Right now it's all looking like pump and dump schemes.

From what I’m understand Luna crashed because the stable coin it issues , UST depeged from the $1 . UST is an algorithmic stable coin backed by a number of different assets one being BTC Unlike USDT (another stable coin) which is backed primarily by US bonds and less volatile assests . Luna recently purchased a couple billion in BTC to back said stable coin . Probably not the best idea having a unstable assest like btc to back it . however there’s rumors and speculation that bad actors in the space with lots of financial backing took advantage of this by buying a size-able portion of UST and BTC and proceeded to dump the btc and ust aggressively on the already falling market causing a cascading effect off liquidations on long positions and panic sellers . The luna team then we’re forced to sell a large quantity of btc to try to recover the peg further dumping the price of btc . And as we all
Know with btc falling all alt coins are sure to follow . All while said bad actors opened a short position to capitalize on this sharp fall to the tune of close to a billion dollars .


The market cap of LUNA went from 40,000,000,000 to 50,000,000 in the space of less than 30 days.

It was a top 5 coin a month ago, and now it's worthless, and all people have to say is that alleged "bad actors" were responsible for this?

There is no quarterly report which indicates that sales of company x were poor.
There is no IFRS report to show that product y is non profitable.
There is no advisory report to show that pill z is harmful.

It's all a speculative asset, with nothing concrete to stand against, being pumped, dumped and gamed by persons smarter and wealthier than the average home trader. This is a David vs Goliath where David loses every time and claim Goliath is a "bad actor" from Citadel/Blackrock.

Everyone wants to be the ruthless Gordon Gecko investor type with the green and red graphs on their monitor looking like someone on Billions or Wall Street, when in real life the much smarter than you Ivy League analysts at JP Morgan, Goldman Sachs actually spend more time analyzing boring financial reports and using spreadsheets before they even think of making a strategic move.

Nowadays those analysts aren't even as effective as computers which can parse and crunch data far better than analysts.

It's role playing with losing your savings as a real life consequence.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby VexXx Dogg » May 12th, 2022, 4:07 pm

1 trillion loss is nothing to sneeze at.
too volatile for my blood.

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wall
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby wall » May 12th, 2022, 4:07 pm

I’d agree tht 99% of the coins out there are garbage and have no real world use case as of right now but there are a couple that have the ability to find themselves a part of every day life and function like ethereum for example with the ability to from trust less contracts etc The space is still in its infancy stages but I firmly believe the underlying technology is to be something to look
Out for . The best thing I like about btc and blockchain and using it as a store of value and or currency …..eventually cus we”re not quite there yet , is that evrything can be traced and tracked . And coming from a country who’s funds have been continuously raped and plundered by corrupt self serving moral less morons I welcome anything that could shine a light and potentially put a stop to the endless fuckry. That and I hate banks so the thought of having no middle Man between me and my money is an exciting one . In
My view Jump high or jump
Low mass adoption is coming . The space may not look exactly like how it is presently but it will be here in some form
Or fashion . So get on it or get left behind

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wall
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby wall » May 12th, 2022, 4:13 pm

teems1 wrote:
wall wrote:
teems1 wrote:
wall wrote:
teems1 wrote:
bluefete wrote:Risk is inherent in investing money be it cryptocurrency, stocks, bonds, (savings - do not count as investment but you can still lose all)

T&T Financial Failures / Collapses:

1983 - International Trust Ltd.

1984 - Southern Finance

1986 - Trade Confirmers
Summit Finance
Commercial Finance
MAT Securities
SWAIT

1993 - NCB
TCB
WBL

2009 - CL Financial
HCU


These crashes can be tied back to a paper trail where after analysis they could see what was the cause.

Eg the 2009 CL Financial case was due to them being tied up in the US subprime mortgage backed securities. CCC investments were being labelled as AAA by regulators like Moody's.

Crypto has no IFRS report which investment bankers can analyze and say "darn, someone didn't forecast this company's revenue stream properly and that's why I deserved to lose my money".

Crypto is a huge ponzi scheme right now where people are capitalizing on people's greed and FOMO to make a quick buck. It's a huge speculative bubble.

https://en.wikipedia.org/wiki/Economic_bubble


Sooo you think this is happening just out of the blue? Prob nothing to do with decades high inflation in the US and the FEDs aggressive attempts to slow the markets by raising interest rates by the highest increase in forever to lower said inflation ? The most speculative stocks -tech , crypto etc will obviously be the hardest hit. The US is on the brink of a recession . Have you seen the traditional markets ? Large blue chip stocks down 50+ % in no time , Dow and SP down nearly 20% YTD with more to go until inflation comes down to an acceptable level . As for paper trail crypto far exceeds anything else out there . Every transaction is on The blockchain which is untamperable and there for Everyone to see . Crypto is highly Speculative yes but it’s no ponzi scheme


LUNA went from $117 last month to 2cents currently.

What is the explanation for that? Where is the "trail" similar to Moody's incorrectly categorizing a CCC asset as a AAA one back in 2008.

It doesn't matter that every transaction is in the blockchain. The real question is what is the precursor to these coins death spiral? Right now it's all looking like pump and dump schemes.

From what I’m understand Luna crashed because the stable coin it issues , UST depeged from the $1 . UST is an algorithmic stable coin backed by a number of different assets one being BTC Unlike USDT (another stable coin) which is backed primarily by US bonds and less volatile assests . Luna recently purchased a couple billion in BTC to back said stable coin . Probably not the best idea having a unstable assest like btc to back it . however there’s rumors and speculation that bad actors in the space with lots of financial backing took advantage of this by buying a size-able portion of UST and BTC and proceeded to dump the btc and ust aggressively on the already falling market causing a cascading effect off liquidations on long positions and panic sellers . The luna team then we’re forced to sell a large quantity of btc to try to recover the peg further dumping the price of btc . And as we all
Know with btc falling all alt coins are sure to follow . All while said bad actors opened a short position to capitalize on this sharp fall to the tune of close to a billion dollars .


The market cap of LUNA went from 40,000,000,000 to 50,000,000 in the space of less than 30 days.

It was a top 5 coin a month ago, and now it's worthless, and all people have to say is that alleged "bad actors" were responsible for this?

There is no quarterly report which indicates that sales of company x were poor.
There is no IFRS report to show that product y is non profitable.
There is no advisory report to show that pill z is harmful.

It's all a speculative asset, with nothing concrete to stand against, being pumped, dumped and gamed by persons smarter and wealthier than the average home trader. This is a David vs Goliath where David loses every time and claim Goliath is a "bad actor" from Citadel/Blackrock.

Everyone wants to be the ruthless Gordon Gecko investor type with the green and red graphs on their monitor looking like someone on Billions or Wall Street, when in real life the much smarter than you Ivy League analysts at JP Morgan, Goldman Sachs actually spend more time analyzing boring financial reports and using spreadsheets before they even think of making a strategic move.

Nowadays those analysts aren't even as effective as computers which can parse and crunch data far better than analysts.

It's role playing with losing your savings as a real life consequence.


These same bad actors manipulate the traditional Stock market on a daily .hedge funds have billions to throw around and move markets .Thts no secret . At the end of the day the little man always gets stepped on it’s the sad reality of things . Again crypto is young in the game and the coming regulations and guidances from the SEC etc will smoothen things out but until then it’s the wild Wild West we’re fortunes can Be made and lost in an instant .

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby Duane 3NE 2NR » May 12th, 2022, 5:19 pm

pugboy wrote:always remember somebody buying when these ppl dumping…..

VexXx Dogg wrote:cryptoshitstorm 2022.
good luck cryptobros.

Yup

BTC looking enticing for a lot of traders rn
Image

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby VexXx Dogg » May 12th, 2022, 10:57 pm

reminds me of a homer ditty

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby VexXx Dogg » May 13th, 2022, 10:20 am

Luna doing the Zimbabwe strategy.
coins up to 25BILLION, from 750million a few days ago.
hard luck homies. As long as they keep making coins out of the air, this will never recover.
https://www.theblockcrypto.com/post/146 ... lion-today

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby The_Honourable » May 30th, 2022, 11:44 am

There were rumors last week but seeing on facebook today that Republic Bank clamp down on crypto purchases. They were allowing it for a while.

Internal memo
Attachments
RBL Internal Memo Snapshot.jpg

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby Ben_spanna » June 8th, 2022, 12:58 pm

The_Honourable wrote:There were rumors last week but seeing on facebook today that Republic Bank clamp down on crypto purchases. They were allowing it for a while.

Internal memo


Yup, it appears the local banks have blocked all crypto purchases! tek more BULL Trinidad, banks dont want you making money without OWEING them.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby Chimera » June 8th, 2022, 1:04 pm

Lol what madness that is.
What if your investment failed? They going to not allow you to pay off your credit card with local cash?

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby wall » June 8th, 2022, 2:09 pm

Don’t worry na man just now ansamcal will have their btc mining operation up and running and we will have to go to them for any and all crypto purchases . D Syrians hadda eat first then d rest of us could scramble for the crumbs

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby agent007 » June 9th, 2022, 12:31 am


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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby toyolink » June 14th, 2022, 3:04 pm

Well the bitcoin debacle continues and the loss of wealth value is certainly going to have significant consequences across all markets.
The whales may well find themselves having to prioritise their next move, with the threat of global inflationary pressures making it essential that they focus on the durability of their core business holdings.
I certainly hope that our local institutional investment institutions don't carry mayor holding in Bitcoin and crypto generally.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby agent007 » June 14th, 2022, 3:10 pm

The conference this Saturday in London UK will give us more faith. We need to start believing that there would be a turnaround.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby pugboy » June 14th, 2022, 3:31 pm

is this the first time there has been downturn despair?

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby teems1 » June 14th, 2022, 3:40 pm

pugboy wrote:is this the first time there has been downturn despair?


The past few crashes the economy wasn't in such a state. This time there is ongoing war, high gas prices increasing interest rates, rate of inflation.

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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby Duane 3NE 2NR » June 14th, 2022, 11:32 pm

No Support For Bitcoin Mining
June 14, 2022 TTT News
Government says it is not supporting bitcoin mining at this time.

Speaking in the Senate, Minister in the Ministry of Finance, Brian Manning, explained that the cryptocurrency is restricted in several countries. Independent Senator Amrita Deonarine pointed to a recent newspaper article citing that a Bitcoin mining farm was being proposed at the Tamana InTech Park.

However, Mr. Manning said this was not the case.




https://www.ttt.live/no-support-for-bitcoin-mining/

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drchaos
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby drchaos » June 15th, 2022, 12:55 am

Duane 3NE 2NR wrote:No Support For Bitcoin Mining
June 14, 2022 TTT News
Government says it is not supporting bitcoin mining at this time.

Speaking in the Senate, Minister in the Ministry of Finance, Brian Manning, explained that the cryptocurrency is restricted in several countries. Independent Senator Amrita Deonarine pointed to a recent newspaper article citing that a Bitcoin mining farm was being proposed at the Tamana InTech Park.

However, Mr. Manning said this was not the case.




https://www.ttt.live/no-support-for-bitcoin-mining/


BTC is banned or restricted in over 100 countries???
Jeez they could lie.

If the PNM doesn't want you doing it ... Then you should probably be doing it.

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drchaos
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby drchaos » June 15th, 2022, 12:57 am

wall wrote:Don’t worry na man just now ansamcal will have their btc mining operation up and running and we will have to go to them for any and all crypto purchases . D Syrians hadda eat first then d rest of us could scramble for the crumbs


Why would they sell to us ... makes no sense.
.
If you are mining BTC then you want to sell that sheit for USD not the TTD which is worthless.

bluefete
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Re: Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

Postby bluefete » June 15th, 2022, 5:52 pm

^^^ The 1% prolly already made their secret deal with T&TEC for the excess electricity generated at subsidized prices to do their mining.

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