Do we not put much faith in cryptocurrencies?

WAndreas

WAndreas

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Binance has a market capitalization of $2.41T
Nasdaq (NDAQ) has a market capitalization of $46.04 billion
The market capitalization of the London Stock Exchange is $76.33 billion USD
In other words, trading commodities and currencies doesn't generate the kind of turnover that cryptocurrency trading does. And, in fact, it is simply bought up and held like digital gold, considering it a safe investment. Thus, a significant portion of funds end up simply frozen and taken out of circulation. Or am I missing something?
 
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WAndreas said:
Binance has a market capitalization of $2.41T
Nasdaq (NDAQ) has a market capitalization of $46.04 billion
The market capitalization of the London Stock Exchange is $76.33 billion USD
In other words, trading commodities and currencies doesn't generate the kind of turnover that cryptocurrency trading does. And, in fact, it is simply bought up and held like digital gold, considering it a safe investment. Thus, a significant portion of funds end up simply frozen and taken out of circulation. Or am I missing something?
Click to expand...
The popularity of cryptocurrencies lies in the fact that blockchain eliminates the need for banks as intermediaries for money transfers.

Can banks be trusted? Ask the millions of Americans who lost their pensions when their investments in stocks burned up during the 2008 financial crisis. That collapse? All thanks to the banks.

Can central banks be trusted? Again, ask Americans who are paying 7% mortgage rates today. Central banks print money as they like. With Bitcoin, we know exactly how many coins will ever be in circulation.

And what about corporations issuing stocks? They’re no better. Just look at Adani, Wirecard’s fake accounting, and its collapse in Germany—those are scandals from just the last few years.

In the crypto market, this kind of manipulation is impossible. The law is the blockchain code or the smart contract, fully transparent and open to everyone.

Governments? Full of scammers too. Just look at how budgets are handled in France, Germany, and South Korea—political deadlocks over dividing funds. And last year, the U.S. lost its top sovereign credit rating due to budget disputes. Crypto doesn’t have that problem.
 
Cryptocurrencies definitely attract a lot of attention due to their market size, but unlike traditional markets, they’re still in a speculative phase for many. The 'digital gold' analogy works for Bitcoin, but other cryptos are driven by tech adoption or hype cycles. The freezing of funds you mentioned could also relate to staking or long-term holding strategies. It’s not entirely comparable to traditional commodities yet, but the ecosystem is evolving fast.
 
Is there a single crypto currency you can make a deposit into, and get your same money back out easily a week later?

No, until crypto can do this it will never be a liquid asset. It will be, at best, a "Speculative investment." Go ask your accountant if you need to check! lol
 
Crytononame said:
Governments? Full of scammers too. Just look at how budgets are handled in France, Germany, and South Korea—political deadlocks over dividing funds. And last year, the U.S. lost its top sovereign credit rating due to budget disputes. Crypto doesn’t have that problem.
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natsuko said:
Cryptocurrencies definitely attract a lot of attention due to their market size, but unlike traditional markets, they’re still in a speculative phase for many. The 'digital gold' analogy works for Bitcoin, but other cryptos are driven by tech adoption or hype cycles. The freezing of funds you mentioned could also relate to staking or long-term holding strategies. It’s not entirely comparable to traditional commodities yet, but the ecosystem is evolving fast.
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I just didn't realize that such huge sums of money could be simply taken out of circulation. They seem to be there, but they don't really exist. They don't participate and they don't work, they just lie there. As if it would not have a negative impact on the economy and would not force to print new money.
 
Panther28 said:
Is there a single crypto currency you can make a deposit into, and get your same money back out easily a week later?

No, until crypto can do this it will never be a liquid asset. It will be, at best, a "Speculative investment." Go ask your accountant if you need to check! lol
Click to expand...
Nekola said:
While many view cryptocurrencies as "digital gold," their lack of regulation and adoption for practical use often results in speculative holding rather than real economic turnover
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Still, everyone is being beckoned by the price of a million per bitcoin. Today, it once again hit a new high, which may cause an influx of new investors. I don't think there will be more and more of them on Christmas Eve, but people are still buying, not selling.
 
Hannyshop said:
cryptocurrency is a very promising thing. especially now there is a bullish cycle and attention to it is increased. This is a great opportunity to earn money
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Judging by the turnover of one Binance, a lot of people are trying to do that now. But it might not all turn out to be one good conspiracy.
 
Panther28 said:
Is there a single crypto currency you can make a deposit into, and get your same money back out easily a week later?

No, until crypto can do this it will never be a liquid asset. It will be, at best, a "Speculative investment." Go ask your accountant if you need to check! lol
Click to expand...

Stable coins?
 
Panther28 said:
Is there a single crypto currency you can make a deposit into, and get your same money back out easily a week later?

No, until crypto can do this it will never be a liquid asset. It will be, at best, a "Speculative investment." Go ask your accountant if you need to check! lol
Click to expand...
Someone gifted to me $1 SOL , sometimes vary $1.5 or $1.3 if i ever lose , it will be $1
 
WAndreas said:
I just didn't realize that such huge sums of money could be simply taken out of circulation. They seem to be there, but they don't really exist. They don't participate and they don't work, they just lie there. As if it would not have a negative impact on the economy and would not force to print new money.
Click to expand...
You're right, it's wild how much money is just... sitting idle. But here’s something that’ll really bake your noodle: think of it like this – to make sure you can always exchange dollars for euros or yen or whatever, banks have to keep a massive reserve of each currency on hand. And we’re talking HUGE numbers. Like, $10 TRILLION locked in interbank accounts worldwide. That’s liquidity, but it's not exactly doing anything productive. The interesting thing is, stablecoins might actually be a way to unlock some of that tied-up capital. Pretty crazy, right?
 
Crytononame said:
You're right, it's wild how much money is just... sitting idle. But here’s something that’ll really bake your noodle: think of it like this – to make sure you can always exchange dollars for euros or yen or whatever, banks have to keep a massive reserve of each currency on hand. And we’re talking HUGE numbers. Like, $10 TRILLION locked in interbank accounts worldwide. That’s liquidity, but it's not exactly doing anything productive. The interesting thing is, stablecoins might actually be a way to unlock some of that tied-up capital. Pretty crazy, right?
Click to expand...
And so to the amount that is frozen by banks to finance such operations, the amounts embedded in cryptocurrency are added. And if banks have some explanation for their actions and do it in a coordinated manner, then everything looks quite different with cryptocurrency. And no one seems to be able to regulate this process. It's a nightmare.
 
WAndreas said:
And so to the amount that is frozen by banks to finance such operations, the amounts embedded in cryptocurrency are added.
Click to expand...
You mean crypto locked up in PoS staking? Because stablecoins actually free up liquidity. They can be issued against bonds and replace fiat. So, fiat that used to be locked for payments can now be loaned out by banks.
 
Crytononame said:
You mean crypto locked up in PoS staking? Because stablecoins actually free up liquidity. They can be issued against bonds and replace fiat. So, fiat that used to be locked for payments can now be loaned out by banks.
Click to expand...
Stop! Am I stupid?! The bitcoin reserve plan: the money that will be used to buy crypto will go back to the US banks to cover the national debt! Is that how it's supposed to work?! If it does, it's genius! Or am I a dumbass again?!)))
 
WAndreas said:
Stop! Am I stupid?! The bitcoin reserve plan: the money that will be used to buy crypto will go back to the US banks to cover the national debt! Is that how it's supposed to work?! If it does, it's genius! Or am I a dumbass again?!)))
Click to expand...
Nah, you're not a dumbass. I was actually talking about stablecoins. Banks or governments can issue them backed by bonds they already have on their balance sheets.

So, instead of just sitting there on the balance sheet, these bonds become a source of extra liquidity. They're basically getting cashed out.

About your Bitcoin idea and the money going back to the budget – you're right, but it can work the other way around.

The Fed has tons of bonds they bought through QE. They can issue stablecoins against these assets and use them to buy BTC – like Tether does with some of its USDT.

Now, follow me here: that BTC reserve could be staked. What do you get? Interest from the bonds PLUS staking rewards from Bitcoin PLUS Bitcoin price appreciation. Boom.
 
Crytononame said:
Nah, you're not a dumbass.
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Thank you very much, but sometimes I have big doubts about it!

Crytononame said:
Now, follow me here: that BTC reserve could be staked. What do you get? Interest from the bonds PLUS staking rewards from Bitcoin PLUS Bitcoin price appreciation. Boom.
Click to expand...
Sometimes it scares me to listen to you. I think the world is going crazy. Everybody's going to the government to make more money?!
 
Crytononame said:
The popularity of cryptocurrencies lies in the fact that blockchain eliminates the need for banks as intermediaries for money transfers.

Can banks be trusted? Ask the millions of Americans who lost their pensions when their investments in stocks burned up during the 2008 financial crisis. That collapse? All thanks to the banks.

Can central banks be trusted? Again, ask Americans who are paying 7% mortgage rates today. Central banks print money as they like. With Bitcoin, we know exactly how many coins will ever be in circulation.

And what about corporations issuing stocks? They’re no better. Just look at Adani, Wirecard’s fake accounting, and its collapse in Germany—those are scandals from just the last few years.

In the crypto market, this kind of manipulation is impossible. The law is the blockchain code or the smart contract, fully transparent and open to everyone.

Governments? Full of scammers too. Just look at how budgets are handled in France, Germany, and South Korea—political deadlocks over dividing funds. And last year, the U.S. lost its top sovereign credit rating due to budget disputes. Crypto doesn’t have that problem.
Click to expand...
Did all loose pension forever? Or it improved after some time?
 
if binance decided to sell it's crypto then it will die i see it's over bought but will rise more too
 
hellz angle said:
if binance decided to sell it's crypto then it will die i see it's over bought but will rise more too
Click to expand...
Binance in early 2025 want to resume USD operations, anticipating a change in US crypto policy.
 
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