• Welcome to the ShrimperZone forums.
    You are currently viewing our boards as a guest which only gives you limited access.

    Existing Users:.
    Please log-in using your existing username and password. If you have any problems, please see below.

    New Users:
    Join our free community now and gain access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features. Registration is fast, simple and free. Click here to join.

    Fans from other clubs
    We welcome and appreciate supporters from other clubs who wish to engage in sensible discussion. Please feel free to join as above but understand that this is a moderated site and those who cannot play nicely will be quickly removed.

    Assistance Required
    For help with the registration process or accessing your account, please send a note using the Contact us link in the footer, please include your account name. We can then provide you with a new password and verification to get you on the site.

Cryptocurrencies and Bitcoin

Forums New posts
Ricky Otto said:
I have not heard of a single one of those crypto exchanges. Quite amazed that so many can actually make money, I wouldn't put my money into anything other than the big ones
Click to expand...

Yeah, some appear to be based in hairdressers.

Looks like they're still adding to list though

siliconangle.com

World's largest cryptocurrency exchange Binance has been banned in the UK - SiliconANGLE

World's largest cryptocurrency exchange Binance has been banned in the UK - SiliconANGLE
siliconangle.com siliconangle.com
 
Ricky Otto said:
Misleading headlines again, you can still buy and sell crypto on Binance. You just can't do leveraged trading
Click to expand...

The fca notice isn't clear - it just mentions the firm is not authorised for regulated activities - as you say the trading of crypto is not regulated so would be allowed - but it appears perhaps the firm is offering derivatives or maybe funds linked to crypto which would be illegal. Not sure if these options get 'greyed out' or removed if you register and declare you're from the UK - if so no problem , if not then it's not exactly a ringing endorsement of a large firm to be operating illegally.
 
Spread betting , as leveraged trading for retail investors should be called , has been around for yonks and you can do it on pretty much everything. The disclaimers you have to negotiate are nothing special and I imagine the checks are negligible
 
Just joined up to Pi, the latest crypto coin. The link below sets you up to mine Pi using an app downloaded to your phone and doesn't drain your battery.
I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 23 million members worldwide. To claim your Pi, follow this link https://minepi.com/Webby37 and use my username (Webby37) as your invitation code.
 
Just a warning to you investors. HMRC are sending out 'nudge' letters to crypto investors, as so many haven't paid the correct tax on their investments. They also warn not to ignore the letter.
Tax authorities are also including data on crypto investors in the information they collect across borders. A freedom of information request by Gherson Solicitors, a law firm, this year confirmed HMRC had used its powers to gather information about crypto investors in and outside the UK for the tax years 2017/18 to 2019/20 inclusive. Details included the names and addresses of investors and the value of crypto assets held.
An expert on the radio said HMRC wants their share of all the money made the last few years with the crypto boom.
 
THE SEVENTIES NORTH BANK said:
Just a warning to you investors. HMRC are sending out 'nudge' letters to crypto investors, as so many haven't paid the correct tax on their investments. They also warn not to ignore the letter.
Tax authorities are also including data on crypto investors in the information they collect across borders. A freedom of information request by Gherson Solicitors, a law firm, this year confirmed HMRC had used its powers to gather information about crypto investors in and outside the UK for the tax years 2017/18 to 2019/20 inclusive. Details included the names and addresses of investors and the value of crypto assets held.
An expert on the radio said HMRC wants their share of all the money made the last few years with the crypto boom.
Click to expand...
Just send them a 3.5" floppy disk and say the tax payment is on there.
 
Get some XRP before it rockets.
SWIFT has 5T daily volume. If #XRP takes 10% (500B) of it then we will see the price at $50!

The XRPL is going to explode because of R3, CBDCs, Institutions, IMF, Payment Providers, Multi-Hop, Banks and more. XRP has to provide liquidity, means XRP needs a high price!
 
Tangled up in Blue said:
Capitalism at it's worst?
Click to expand...
Not at all, some crypto is worthless and hype based but its no different from a gamble. Crypto is banking the unbanked, there are 2 billion people without a bank account in the world and crypto is opening up defi banking for them, all they need is a phone. Capitalism at its worst for me is how FIAT currency works! You can work hard, earn and save only for a central bank to increase the money supply and devalue the money you have earned. We are at a time of record breaking QE and it is no surprise that bitcoin, an alternative with limited supply that will never increase, has been so popular.
 
davewebbsbrain said:
Get some XRP before it rockets.
SWIFT has 5T daily volume. If #XRP takes 10% (500B) of it then we will see the price at $50!

The XRPL is going to explode because of R3, CBDCs, Institutions, IMF, Payment Providers, Multi-Hop, Banks and more. XRP has to provide liquidity, means XRP needs a high price!
Click to expand...
I've taken my eye off of XRP, what is the situation with the SEC case?
 
Ricky Otto said:
Not at all, some crypto is worthless and hype based but its no different from a gamble. Crypto is banking the unbanked, there are 2 billion people without a bank account in the world and crypto is opening up defi banking for them, all they need is a phone. Capitalism at its worst for me is how FIAT currency works! You can work hard, earn and save only for a central bank to increase the money supply and devalue the money you have earned. We are at a time of record breaking QE and it is no surprise that bitcoin, an alternative with limited supply that will never increase, has been so popular.
Click to expand...

You might want to read about the various "bubbles" In capitalism from the infamous South Sea Island bubble right down to the more recent financial crash in Wall Street circa 2006.
 
Tangled up in Blue said:
You might want to read about the various "bubbles" In capitalism from the infamous South Sea Island bubble right down to the more recent financial crash in Wall Street circa 2006.
Click to expand...
I'm fully aware of bubbles and IMO this will be more like the dot com bubble, it's going to crash and lots will go to zero but a few projects will come out the other side and be massive. I'm in no doubt we are in a bubble though, meme coins with multi billion £ market caps tell you that.
 
Ricky Otto said:
I've taken my eye off of XRP, what is the situation with the SEC case?
Click to expand...
Outcome been put back a month but from the sound of it Ripple don't have a case to answer and the SEC case will be thrown out.

Nice promo for Ripple, XRP and XRapid, 3 years old and Ripple has moved on a lot since
I think XRP is going to fly

 
You must log in or register to reply here.

.



Club News
Fixtures and Results
League Table
SUFC Ticket Stats
Shrimpers Trust
SoccerBase
SUEPA (Ex Players)
Shrimperzone on Facebook
Shrimperzone on Twitter
Shrimperzone on Instagram


ShrimperZone Sponsors

FFM MSPFX Foreign Exchange Services
Estuary MFF2
Zone Advertisers Zone Advertisers

ShrimperZone - SUFC Player Sponsorship

Southend United Away Travel


All At Sea Fanzine


Back
Top