Western Europe is turning more and more crypto-friendly. Except for Poland.
Just this week, private Swiss foundation received $30 million in seed funding to begin development of a "non-volatile, complementary global currency." I find this to be a dubious endeavor, though I will wait and see what will happen. "Stability" cannot generally be enforced in a free market, and the company this new project (called "Saga") is keeping leaves much to be desired (they are financed by JPMorgan Chase and a former governor of the Bank of Israel.)
Somehow, I doubt those two parties have the best interests of the common man at heart. However, they will certainly claim to - all Saga purchaes "will require owners to pass anti-money laundering checks and allow national authorities to check the identity of a Saga holder when required."
Be still, my heart - there's still a chance to sink all my dough into this totallynotterrible plan!
By the way, I wasn't just taking a cheap shot at the Polish above. Their government really is being a little crybaby.
Per Zero Hedge: "The social media campaign against crypto was carried out by Central Bank of Poland in conjunction with Polish Youtube partner network Gamellon, Google Ireland Limited, and Facebook Ireland Limited, allocating about 91,000 zloty (around $27,000) for producing anti-crypto content."
In news that excites me personally, (partially owing to the future comedy potential here,) a Dutch court has declared Bitcoin to be a legitimate legal store of value after ruling in favor of a plaintiff who was reportedly owed "owed 0.591 Bitcoin" in a civil contract dispute.
The logic required to make this ruling (shown below) wasn't exactly groundbreaking, but it is reassuring to see it asserted in a court of law. It would have been more reassuring if it wasn't a Dutch court of law, but we'll have to take what we can get.
In a final, bonus story, President Trump recently issued an arguably unusual executive order "banning purchases of Venezuela's cryptocurrency", the "Petro". Now, you should probably stay away from this currency anyway, as holding the financial bags of profligate-spender, crony-socialist nations is almost always a bad idea. However, this move by Trump is likely to have more to do with Geopolitics and wishing to continue isolating Venezuela from the financial spigot (of printing, borrowing, or issuing) than any real malice towards cryptocurrency.
I wouldn't make much of it, general crypto-sphere wise.
We also have a Radio Station! (click me)
...and a 10,000+ active user Discord Chat Server! (click me)
Sources: Google, CoinTelegraph, Bloomberg, ZH
Copyright: CoinTelegraph, CoinTelegraph (again)
great news for all steem community
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its a nice post. great information for the steemit community
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 93.89% upvote!
Please delegate us Steem Power & get 97% daily rewards share!
20 SP, 50, 75, 100, 150, 200, 300, 500, 1000 or Fill in any amount of SP.
Click For details | Discord server
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow 93% upvote thats insane!!!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
indeed it is
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
shame @thbot is not on steembottracker.com
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
have you ever used @thebot yourself?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
no but i delegate to them
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
would you be so kind and tell me how does it work?
is it worth financially or are you doing it mostly to help new members? Im myself quite new here and Im still learning. Would appreciate your reply
Cheers, Piotr
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I’m never going to visit poland again :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's good. Today I woke up to the green market and nothing can make you more happy now a days except a green market :p
I am sure this bear market is just for the moment, once we see lightning network deployed and SMT's launched on steemit, it is going to be a fun year.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am agree with your opinion-the bear market is really for the moment. Hope its now going uptrend. Now I am buying different altcoins and enjoying my life and travelling where green scenery available. Because I know this moment investment will enrich me very well. Hhahha. I like "GREEN"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Crypto will go bigger this year than we will ever imagine! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I quit agree with yours
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Goods news for all crypto investors
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's just the beginning of the great news! Wait for Juni :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its a amazing post, and i learns lot of things about cryptocurrency, well thanks for sharing it, keep it up, and i will waiting for your next post, Thanks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
HOW TO PREPARE YOUR CRYPTO HOLDINGS FOR BIG GAINS
Cryptos are ending the week a bit flat. It looks like there may have just been a bit of a bounce, but it will probably just be back to where we were a few days ago. Although the news is a bit more optimistic, we don't expect much activity over the weekend.
Many of you have asked about allocation of your crypto holdings. Today we just want to give a few different ideas to consider...
1.) Buy only the top market cap cryptos and hold. Some just hold BTC, ETH, and nothing more. Others only hold the top 5 by market cap. For us, we have some of these that we got in quite early on and do plan to simply hold for the 2-5 year range, but we don't put 100% of our holdings in these. One reason is because other cryptos may have more potential room to grow than these that already have huge market caps. If you do this, you don't have to check prices much and can pretty much snooze through these ups and downs.
2.) Put your holdings into the top 20-30 cryptos by market cap. We see a lot of people doing this. However, it's not good to do it just based on popularity. It is good to have cryptos and projects that have real concepts, products, services, and ideas that can be executed on in the marketplace. We have seen scammy ones like BitConnect, with a bug market cap...crash. We do think only 20-30 may survive, but that doesn't mean it will simply be the current top cryptos. Other new ones may come along.
3.) Watch CoinMarketCap for the coins with the most recent big percent gains. We don't do this and would suggest not doing it. Simply looking at growth means almost nothing.
4.) Focus on high risk high reward small coins, ICO's, etc. We do allot a portion of our crypto holdings to new projects with a lot of room to grow. In fact some of our best gains have been from this, but also, the risk is much higher.
5.) Trade in and out and don't give much attention to the type of coin. We do like to trade in and out of some coins, but only to generate funds for putting in longer term holds.
Summary: We have things split into 4 "pools." We like to have some cryptos that will just sit there like investing in a startup and that money is effectively "gone." It maybe will go close to $0 or pay off well in 2-5 years and we won't take it out for any reason unless there are substantial gains. These are the "Big 3," BTC, ETH, and LTC. Then, we have some in smaller cryptos. Ones that have really good potential and fundamentals, we will hold, but trade in and out of portions of the holdings. For example, if one "moons" we may take profit on 30-50% and then reinvest on a dip. Then, we have higher risk new projects, ICO's, etc, that we do not put big amounts into that can pay off big returns. And lastly, we trade in and out of coins (generally using Kraken) to try to grow funds to put into these other 3 "pools." We can't say how you should split them up, but ours are broken up close to evenly around 20-30% of total funds per pool.
We hope this helps you see how you can play with these to profit in the crypto market. For example, right now the market is slow, but perhaps you can take some from pool 2 and put it in a trading pool to trade bounces, and so forth.
We are going to have more information next week about different ways to profit in the crypto-markets.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Poland will never be crypto-friendly, cause of stupid government. People here are really blind and they are voting for other stupid people.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree. Our goverment is not going to embrace crypto :/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
True :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I guess the "saga" continues ! Good information mixed with some humor as well. I laughed a bunch but also understand the concerns that are raised from the "bitcoin-ski" situation taking place in Poland. :-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great news and great post ! good informations for the steemit community
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Authoritarian governments do not support anything they can't control. Decentralized blockchains are the last thing they can control so no wonder they're against it. I wouldn't worry too much about them, authoritarians fall sooner or later.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very true
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hope Trump doesn't expand on his bans against cryptocurrencies, if it gets really serious and they criminalize it with a harder conviction then it'd ultimately be a purge. Trying to track transactions is one thing, but they may use it as an excuse to try and enforce legislation that will make it mandatory to disclose your personal information.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's very true about the Petra. There is a lot double spending associated with the digital currency. Great post though!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good news (lexiconical)thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good Post, i wrote about petro several days ago, sometimes don´t understand how some countru use criptocurrency different at the reason they were created
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello lexiconical,
@SteemEngineTeam would like to take the time to thank you for signing up and participating in our community. Your contributions and support are important to us and we hope you will continue to use our platform.
We plan to give back to our community members, so have an upvote on us!
Thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sudah saya resteem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey lex I don't want to be nitpicking but Poland isn't in west Europe! :P
Interesting, today I had a discussion about banks that are trying to control cryptocurrencies by making their own. I see something similar here now with governments. The people with the most power don't want to lose their control, but the way crypto is build, I believe that one day they will need to give away a lot of their power to the people.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Though the present market of crypto currency is down, but it will rise before the end of year 2018
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The Dutch government are sneaky basterds, when they start medling with cryptocurency we better watch out.
They find ways to put taxes on everything.
The Royal familie Doesn't run the Bilderberg conference for nothing, sneaky basterds!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very good
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Polish, to Swiss.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
YAHOOOOOOOOOOOO thats what i all want to say and its not that yahoo! no one use
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
From Venezuela supporting his work
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Confess Poland Ball, you just want to hold your own ICO :P
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bbut ... This is not fair na
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Here is my opinion on Poland Government problem. There were two situations in the past that need to be considered.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome post! I invite you to visit our blog and vote us back! And of course to enjoy our content :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its really a great news fot steem community ,for all the steemians. like your post so much
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am happy to see, read and enjoy your post amazingly innovative. Thanks for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
look close with an open mind with what these people are doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This does not seem germane to the discussion, and I would caution anyone against clicking unknown links like this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow, this is such a great explicit news.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @lexiconical!
Your post was mentioned in the Steemit Hit Parade in the following category:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
"Insert Pollock joke here"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the valuable information.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why Polish government (not Polish people) hate bitcoin ?
Because Mateusz Morawiecki prime minister of the government was president of Bank Zachodni WBK ( member of Santander group ). He only represents interests of banks. A lot of people do not like him, because they see him as a economic dictator. Recently government increased tax for fuel.
I hope I explained everything
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit