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A comment on Why forex trading is exploding across Africa. Parent comment

Re:Why forex trading is exploding across Africa by ratsmack on Tuesday March 09, 2021 @10:33AM (#26399737)
I wonder how Bitcoin compares to this.
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Re:Why forex trading is exploding across Africa by dgellow on Tuesday March 09, 2021 @10:56AM (#26400027)
Exactly the same, with even less regulation? I read today that 20% of Bitcoin futures on binance are trading at 125x leverage!!! 60% at JUST 20x leverage. A huge part of the crypto world is just completely insane. They are normalizing a level of risk literally absurd.

https://twitter.com/CryptoCobain/status/1369225313922736129?...

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Re:Why forex trading is exploding across Africa by megameter on Tuesday March 09, 2021 @11:57AM (#26400730)
Bitcoin mining has also become the lifeline for the likes of Iran and Venezuela, where the power is priced cheaper in local money.

Iran has been moving towards an official legal framework for Bitcoin.

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Re:Why forex trading is exploding across Africa by gruez on Tuesday March 09, 2021 @11:21AM (#26400324)
speculative bubble =/= pyramid/ponzi scheme

https://news.ycombinator.com/item?id=26203396

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