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e_abrams

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  1. Like Libra? Or what is it called now, Diem? Will that ever come out?
  2. Probably, but that won't stop them from trying, I have no doubt about it. Cryptos changed the world, for better or worse.
  3. The European Union has had plans regarding issuing a digital Euro for a while now and it looks like those plans are entering the experimental phase, as testing of a digital Euro have begun in Italy. Those experiments were initiated by the Italian Banking Association (ABI), which is an organization made of 700 local banking institutions. The same group also wishes to begin trials for a central bank digital currency (CBDC). The purpose of a digital Europe, which is in its pilot stage at the moment, is to facilitate interbank settlements, improve cross-border payments, and review the possibi
  4. Why do you think Dash will become so popular?
  5. I agree, Ethereum does seem to be the next best thing after Bitcoin.
  6. With Ripple falling from grace it seems like Litecoin will be taking its place.
  7. So which major crypto would you say is good to invest in currently then?
  8. Bitcoin may continue to rise but first, by the look of things, it will develop some correction.
  9. Personally, I like Ethereum. I just hope it doesn't end up like Ripple.
  10. Brexit, I think, may have had some effect, but the main reason was that people were losing a lot of money to crypto CFD trading. The media was blaring constantly how cryptos were rallying, which attracted the attention of many inexperienced newbies, most people don't really know how to use a crypto exchange and ended up trading the more easily available thing - the crypto CFDs, provided by forex brokers - and because they didn't know how to actually trade them, lost a whole lot of money. And the FCA banned them.
  11. The United Kingdom crypto CFD ban came in effect on January 6th, 2021. Since then all cryptocurrency derivatives are not accessible anymore to UK traders. The FCA implemented this ban back in October 2020. The reason was the immense volatility of these derivatives and the risk it poses for retail traders. Ripple’s recent spectacular crash is a good illustration of the FCA’s point – once the information about SEC’s lawsuit against Ripple Labs became public, the XRP token fell like a rock and depreciated with more than 60%, which was a pretty shocking turn of events. According to the FCA, b
  12. Ethereum, maybe. Or Litecoin. Ripple is toxic right now.
  13. It rallied over 40k and it is not even slowing down!
  14. Right now my strategy is to avoid trading Ripple altogether. 😁
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