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Trump victory signals golden era for crypto industry

9 Comments
By Thomas URBAIN and Lucie LEQUIER

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9 Comments
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Enjoy the boom while it lasts.

-2 ( +3 / -5 )

There are so many con-men working in crypto that regulation is required. There were ads with questionable celebrities constantly before the regulations and tax reporting requirements were added to US laws.

The gambling oversight boards should be doing this, since cryptocurrencies have no innate value at all. After an EMP no amount of crypto-currency will buy a case of water.

I don't have any issue if people want to own cryptocurrencies or trade them like fake assets. OTOH, whenever a profit is made in a sale, that also needs to be taxed like any other investment transaction.

5 ( +6 / -1 )

Another type of scam. Sink your nest egg into one of these, and you'll fully deserve to spend your golden years eating out of rubbish bins.

6 ( +7 / -1 )

Conmen pushing con money … the perfect combination!

2 ( +4 / -2 )

trump previously voiced opposition to digital currencies but he and his three sons recently launched a cryptocurrency investment and lending platform

being initially timid crypto-only investments now...

-2 ( +0 / -2 )

So the derangement encompasses crypto now? What are you going to do if Trump mentions money? Give all yours away in a huff?

-3 ( +2 / -5 )

This man is a CONVICTED FELON, and he was judged by his peers and yet he could legally still run for the President of the United States, I can only shake my head.

This man ran a casino into the ground, and he declared bankruptcy and just not once several times on other businesses and so how do people believe he can run a WORLD'S ECONOMY?

The man openly threatens peoples' lives that would get others arrested and thrown into jail but no one blinks an eye when he does it. Is this insane I ask?

The man sells bibles with his name on it does he believe he is Christ?

He is a serial cheater that is a fact and yet again no one blinks an eye on that fact but when Clinton did it that was a whole other story. For me, both Trump and Clinton are sick men and Clinton got what he deserved, and Trump should have been treated the same when dipping where he should not have been, but notta.

Crypto, lol, wouldn't touch it with a 10-foot poll, because with Trump running America with his inexperienced cronies who want to tear the whole government apart, he is going to run the country into the ground, and it will affect the whole worldwide. Keep cash hidden because you all are going to need it at your hands.

-1 ( +2 / -3 )

I have some crypto, but it is because I was curious and mined it myself about 15 yrs ago. Don't know what I'll do with it, if anything. I wouldn't BUY can cryptocurrency at this point - or ever. It is only slightly interesting now. It is like the Dutch Tulips. https://en.wikipedia.org/wiki/Tulip_mania Those who have some just need a bigger fool when they want to sell. Or expect nothing.

Perhaps in 20 yrs, I'll sell a little every month for income. If it is worthless, it cost me only 1 week of electricity in 2010 for the computer to do work, called hashing, with a modest system at the time. Crypto-mining gets harder and harder overtime. This is part of the design of the system. All the miners in the world "find" 1 BTC every 10 minutes currently. Not everyone finds it. Huge teams of people have their computers all working together as a single entity to mine, increasing their chances of getting the next BTC. The design of the BTC releases has them running out in 2140 - so over 100 yrs from now. When that happens, only transaction fees, which are tiny, will be used to make any money. In 2010-2013 (or so), cheap USB ASICs were available for $200 that would just hash and "find" bitcoins. This was a problem, so the BTC level of work was modified to make that harder, effectively turning those ASICs into junk. There are lots of other cryptocurrencies. Each has pros and cons. They can all be converted (i.e. traded) into BTC or back. These trades are used by people who want to muddy the source of the value, usually to hide from law enforcement. BTC is very traceable. It is just accounting. But some of the other cryptocurrencies are not traceable. These conversions are called "tumblers". Almost nobody accepts anything except BTC in the real world. So, if you like, you could "mine" some lessor known, less used cryptocurrency that is easier today - perhaps TurtleCoin - then use that to trade for some BTC.

1' TurtleCoin (TRTL) is worth BTC0.0₁₁8350 as of Nov 13, 2024. That's 0.00000000000835 BTC.

1' TurtleCoin (TRTL) is worth US$0.000032

So to have US$ 0.01 (1 penny), you'll need 13,234 TRTL.

Get mining!

-1 ( +1 / -2 )

i have some crypto, but it is because i was curious and mined it myself about 15 yrs ago. don't know what i'll do with it, if anything...

unless you're satoshi nakamoto i'm calling bs on this one!!

0 ( +0 / -0 )

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