FATF interesting proposal for crypto currency

[FOOLS_NIGHTMARE]

Other than Bitcoin and Ethyreum the rest of the Crypto currencies are a bubble ,have burnt my hands many a times. Dont fall into this trap guys.

 

[ps3linux]

its going to 7500 .

good time to load up

---------

i wont say speculators, yet individual retail demand has never been greater

i sold nearly 2 lacs worth of eth and xrp just yesterday . you see, ppl are increasing moving to btc , and esp USDT as a safe haven given excessive banking regulations


some guy on tv, some economy guy, he said something like 700bn PKR has now been taken out of banks in pakistan thanks to regulatory fears .

where will all that cash go ?

Apnay hi bhai band lagtay ho, let me get through two concalls and a scheduled visit to barber, will get back by 20:00 then reply in detail.

 

[ps3linux]

Apnay hi bhai band lagtay ho, let me get through two concalls and a scheduled visit to barber, will get back by 20:00 then reply in detail.

OK sorry for being late finished my prayers, crypto was never really my favorite product though I still have two mining rigs back home. I have few of them but not for trading but payments particularly darkweb. According to June report banks had the highest deposits in the history of Pakistan something like 14.7 trillion rupees. Will do a M0/1/2 analysis tomorrow.

Its just a rumor only place left to keep money is either gold/locker solution, but the risks are obvious.

Car investment (own money) is gone except may be local alto and that sort of crap, prize bonds have become dangerous took me over a month to get 40k bonds en-cashed from SBP after due date, real estate is gone although speculators have shifted to 3 marla schemes but they have their own limitations. Or mutual funds or stock market well for that you need some skills or a good/honest adviser.

Govt has no option but to tighten the noose, despite all this we are still non compliant with 11 requirements of FATF. SBP fined 4 banks 180 million and now few million dollars to other banks and microfinance banks. Tell you the truth both SBP and SECP have been extremely complacent in their duties they never really developed the regulatory framework that is why we are feeling such pain of extra ordinary monitoring. In the developed world , even developing world the monitoring and book keeping is much more stringent.

In the international arena I am more of an options/commodities/equity person and in the local equity/mutual funds.

 

[blueazure]

Other than Bitcoin and Ethyreum the rest of the Crypto currencies are a bubble ,have burnt my hands many a times. Dont fall into this trap guys.

OK sorry for being late finished my prayers, crypto was never really my favorite product though I still have two mining rigs back home. I have few of them but not for trading but payments particularly darkweb. According to June report banks had the highest deposits in the history of Pakistan something like 14.7 trillion rupees. Will do a M0/1/2 analysis tomorrow.

Its just a rumor only place left to keep money is either gold/locker solution, but the risks are obvious.

Car investment (own money) is gone except may be local alto and that sort of crap, prize bonds have become dangerous took me over a month to get 40k bonds en-cashed from SBP after due date, real estate is gone although speculators have shifted to 3 marla schemes but they have their own limitations. Or mutual funds or stock market well for that you need some skills or a good/honest adviser.

Govt has no option but to tighten the noose, despite all this we are still non compliant with 11 requirements of FATF. SBP fined 4 banks 180 million and now few million dollars to other banks and microfinance banks. Tell you the truth both SBP and SECP have been extremely complacent in their duties they never really developed the regulatory framework that is why we are feeling such pain of extra ordinary monitoring. In the developed world , even developing world the monitoring and book keeping is much more stringent.

In the international arena I am more of an options/commodities/equity person and in the local equity/mutual funds.

yes sir ,,


but


you cant make money in a tightly baby-sat regulated by 'this and that' market.

crypto is like a wild west . no laws, no rules, no capital gain taxes, the mkt runs 24/7 , 365 days ,

i like this wild west


there are no upper or lower locks, no circuit breakers, there is no SECP sending you notices, heck , i can long/short BTC or ETH futures with 100x leverage on bitmex ( a shady exchange based in sychelles run by a fitness freak) and once you get liquidated, its bot tweets, " f**** in the ***"


point is,,,,, huge money is made in the wild west,,

just my two cents

 

[ps3linux]

yes sir ,,
but you cant make money in a tightly baby-sat regulated by 'this and that' market.
crypto is like a wild west . no laws, no rules, no capital gain taxes, the mkt runs 24/7 , 365 days ,
i like this wild west
there are no upper or lower locks, no circuit breakers, there is no SECP sending you notices, heck , i can long/short BTC or ETH futures with 100x leverage on bitmex ( a shady exchange based in sychelles run by a fitness freak) and once you get liquidated, its bot tweets, " f**** in the ***"
point is,,,,, huge money is made in the wild west,,
just my two cents

Tell you the truth making money in the tightly regulated or unregulated economies is not the issue, the issue is AML/CFT and taxes.

The real wild west are binary options those who know how to make money make millions. I personally prefer leaps if I have to explore wild west.