Bitcoins/Litecoins/Virtual Currencies

Edaw

Parody
<Gold Donor>
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Screenshot 2025-03-02 at 10-52-04 Portfolio & Watchlist - Investing.com.png


Choo Choo Train GIF by Australian Survivor
 
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Dalren

Trakanon Raider
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I can see Sol and maybe ETH, but they have to be trolling with XRP and ADA. Could see it now, 0.00001% of reserve would be allocated to them. Regardless this is a good first step for Crypto if it actually happens. Looking forward to the White house crypto Summit (just hope it's not a total shit show of useless information).
 
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Khane

Got something right about marriage
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How much XRP is Ripple going to gift to Trump and his friends for this? XRP... what a fucking joke.
 
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Mist

REEEEeyore
<Rickshaw Potatoes>
31,801
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bought cardano as soon as someone reposted that truth on CT. almost doubled my money

i could have bought 4x as much though
 

Flobee

Vyemm Raider
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I can see Sol and maybe ETH, but they have to be trolling with XRP and ADA. Could see it now, 0.00001% of reserve would be allocated to them. Regardless this is a good first step for Crypto if it actually happens. Looking forward to the White house crypto Summit (just hope it's not a total shit show of useless information).
You're half way there. Everything but Bitcoin is controlled by someone with the ability to print more. Holding them as a "strategic reserve" is the same as holding Argentine pesos, Turkish lira, or even Monopoly money (from the star wars version though!). Worthless and holds 0 strategic value for the US. Only valuable to the bag-holders and especially the ones that have the ability print more for for 0 cost.

ETH isn't decentralized but at least they put up the charade. The rest don't even pretend
 
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Lambourne

Ahn'Qiraj Raider
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Must admit I thought for a moment that an official crypto reserve was going to be some watershed moment. Took all of 24 hours for it to dump back to where it was before.

Did we just get pumped & dumped again?
 

Arden

Blackwing Lair Raider
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Must admit I thought for a moment that an official crypto reserve was going to be some watershed moment. Took all of 24 hours for it to dump back to where it was before.

Did we just get pumped & dumped again?

Don't think it was a pnd. People are just spooked about the economy right now, and crypto (including BTC) is still a speculative asset, so it's going to get hit hardest. Lots of people waiting to get out of the asset, and they saw the pump as a great opportunity to do so. You should check the outflows on the BTC etfs.

Frankly, we've had nothing but positive catalysts in the crypto news cycle for the last month- otherwise, I think the drops would be way worse.
 
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Tmac

Adventurer
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Must admit I thought for a moment that an official crypto reserve was going to be some watershed moment. Took all of 24 hours for it to dump back to where it was before.

Did we just get pumped & dumped again?

Buy the rumor. Sell the news.
 
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Leaton

Trakanon Raider
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I think sideways movement till next halving.

Up and down between 85k and 115k.
 
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Haus

I am Big Balls!
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Not to mention this incentivizes the government to go after potential forfeitures.
 

Arden

Blackwing Lair Raider
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Frankly it's still good news for crypto, any way you slice it. People wanted some kind of EO about buying a million btc over the next year, but that was a wildly optimistic expectation.

Key provision of the EO: "The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers."

Lots and lots of room for creative acquisitions of BTC. Wouldn't be surprised if we see a conversion of other assets into BTC.
 
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Flobee

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Saylor has been pushing for selling US Gold holdings for Bitcoin. Logic being that US 'enemies' hold lots of gold (Russia, China, Arguably India... BRICS really) and it would effectively demonetize their biggest holding while monetizing BTC. I'm not sure if its really that simple, or a good idea even if it is, but the logic is sound enough. Personally I prefer this moving slower than that. Would like to see people gradually understand and get on board rather than watch it hit $1m overnight.

BTC is going to do its thing with or without USA being on board. Just a matter of how fast it happens and who ends up holding how much
 
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