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- sted0
Coinbase Pro disables margin trading
Coinbase
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Nov 24 · 1 min readBy Paul Grewal, Chief Legal Officer
In response to new guidance from the Commodity Futures Trading Commission, we are disabling our margin trading product.
Customers currently using margin trading will not be able to place new margin trades starting 2pm PT on November 25. For customers using credit, all open limit orders will be cancelled at this time. The product will be taken offline in December once all existing margin positions have expired.
We believe clear, common sense regulations for margin lending products are needed to protect and provide peace of mind to U.S customers. We look forward to working closely with regulators to achieve this goal.
For a full list of frequently asked questions click here
- sted2
And I hope everybody had fun today with the 19ks :)
- Iam up 10,5% total since I started investingBennn
- uh thats 17k, risky as af :) i hope you have some damage control at place. next time it dips its nose into 17k it won't be that generous to bounce back.sted
- if i'm correct you're in somewhere at 17.1, 17.2k? and haven't dropped it at 19.x.
volatility showed up not long ago, so the next 6 hours will be interestingsted - bets are on 18.4 and 19.1 high.
touches the 18.1 it's fucked down to 17.6 where you have to think about it really hard :)sted - and tadaa, few hours later the 19.1 is donested
- i dont own a full Bitcoin lolBennn
- i hope you sold it right on time.sted
- AQUTE2
everything i am in is growing. its hard not to win in this market
- NBQ000
Oopsies.
- jonny_quest_lives0
FCA bans the sale of crypto-derivatives to retail consumers
The ban will come into effect on 6 January 2021. UK consumers should continue to be alert for crypto-derivative investment scams. As the sale of derivatives and ETNs that reference certain types of cryptoassets to retail consumers is now banned, any firm offering these services to retail consumers is likely to be a scam.
- Krassy6
- yeah -3k in 6 hours. a day later than expected but hey, still a proper btc crashsted
- they say it will go very high in 2021Bennn
- Have you watched “we are the champions” @Netflix? You should.maquito
- Aaaassss yooouuuuu wiiiiissshhh_niko
- lol back to posting these gifsyuekit
- oh good.... that makes me feel better for not buying ages agowoowahesque
- lol _nikomonNom
- Bennn2
It's fine
- AQUTE0
Goooooooooooooooo BITTY GOOOOOOOOOOOOOOOOOOOOOOO
- ESKEMA-2
Bitcoin breaks All Time High
- Time to sell?BaskerviIle
- nah. that would be at least 10x from here, and only to buy more at the bottom of next bear cycle.ESKEMA
- for the love of god sell now before bitfinex and tether collapse... tether has been propping up bitcoin to keep the miners in the gamejonny_quest_lives
- no fomo investors are coming just whales cashing out before regulation and or tether collapse... when tether collapses the gig is upjonny_quest_lives
- lolESKEMA
- https://pbs.twimg.co…jonny_quest_lives
- Brock Pierce, Reeve Collins, and Craig Sellarsjonny_quest_lives
- just going to leave it at thatjonny_quest_lives
- Jonny, how do you know it’s just tether responsible whenever it’s going up?NBQ00
- https://twitter.com/…jonny_quest_lives
- Tethers plus wallet to wallet transfers like that indicate some massive pumps before cashout...jonny_quest_lives
- Now is the time to HODL tho right? HODL!!jonny_quest_lives
- and buy at the dip for the love of God buy at the DIP not now!jonny_quest_lives
- I sold half of my stock, looking to buy back in at 13kdrgs
- Bennn0
25K
Sweet Geezuz!
I have an excellent return on my 3 digit invest (lol?)
- jonny_quest_lives0
Tether has no no auditor, so they value their reserve assets as they please but seriously...
- NBQ001
I find it interesting that real world usage of Bitcoin has not really advanced at all in the past 5 years yet it’s still going and going. Obviously it’s just a speculative bubble moving upwards mostly because there’s a limited amount of coins available and due to low float it can go that high.
But what value has Bitcoin created to justify this? Not many really are using it to buy stuff. No major corporation (like Amazon, Ebay, Google, Apple, etc) has included it in their payment options. So you’ve got a “handful” of people making some transactions with it but it’s mostly speculators.
I don’t know why I’m writing this. It’s not like it makes sense nor matters really.
- ESKEMA-2
@NBQ
the value of Bitcoin is Store of Value (SoV), replacing the dollar (or any fiat currency) in the global world economy. Its value will continue to appreciate because of this as more and more people convert into it and . You can store value and no one can take it from you by force. This is huge and most people don't realise it.
- Replacing dollar or any fiat currency? Yet almost nobody is using it as replacement for money. People who make profits move it back into fiat currency (banks)NBQ00
- And almost nobody (I know I‘m exaggerating) is even buying anything with it.NBQ00
- And how can it ever replace money or gold when it relies on the internet and electricity. If both are down how would you buy anything?NBQ00
- They are using it as a replacement for storing money not a replacement for Paypal. Like gold, people use it to store value, not to pay coffee.ESKEMA
- for starters, everything is digital and relies on the internet. How do you use your credit card without electricity or internet? Lots of countries alreadyESKEMA
- ditching cash, so that happens with or without bitcoinESKEMA
- https://decrypt.co/2…drgs
- the global economy is dependant of the US dollar, and the US is not playing nice, debasing it's value by printing infinite money. How do you think the worldESKEMA
- feels about that?ESKEMA
- if / when Quantum arrives, bitcoin will not be its target. More profitable to hack the NYSE or Pentagon for example. 400bn vs 100s of trillionsESKEMA
- and the encryption can be changed to be quantum resistant...ESKEMA
- So it could be used to hide assets in the case of a total collapse of the monetary system?yuekit
- There's got to be a better use case than that right? :)yuekit
- its not to hide assets after a monetary collapse, its to change the foundation of the monetary system to a better alternative that empowers individualsESKEMA
- instead of an elite closer to the printing machineESKEMA
- I agree that could be a very good thing. I think the problem so far is that there isn't any immediate advantage to a decentralized system of money foryuekit
- most people. Centralized system tends to be more convenient and reliable.yuekit
- Decentralized could change the world in the long run, but most people don't think in those terms. They just want to buy some shit, or store their savingsyuekit
- in a bank where it's guaranteed by the government.yuekit
- the immediate advantage is on Africa or South America where corruption is very high.ESKEMA
- In developed countries, it's immediate advantage is being the best savings account.ESKEMA
- If you used it as a saving account starting a couple years ago when the first boom happened, you might have gained some money, then seen your savings destroyed.yuekit
- Then wait a couple years and you're back to where you were in early 2018. Maybe it'll continue to go up after this but that's pretty nerve wracking for mostyuekit
- people right? :) They probably would have lost their nerve and sold at some point.yuekit
- cherry picking the worst time possible to make your point, but yes, short term it's a wild rollercoaster, long term, it's the asset of the decade...ESKEMA
- Yeah I made some money off it almost by accident since I was using to buy stuff online around the time this thread started and then just forgot about my accountyuekit
- I wonder what happened to this guy lol
https://www.qbn.com/…yuekit - Dude. Tons of people had their bitcoins hacked and/or lost. Derpmonospaced
- NBQ003
C Y B E R B E A N S
- yuekit-1
Digital currency does seem to be taking off though
Facebook Libra will launch early 2021
https://arstechnica.com/tech-pol…
Also China has launched a national digital currency (not blockchain) that is currently being rolled out in some cities
- NBQ001
Bitchcoin
- drgs-1
22k before it drops like a stone around Christmas
