Bitcoin / Cryptocurrency
- Thread starter Defilade
- Start date
Doc8404
.450/400 Nitro Ex
I’m still pissed I didn’t sell when my Dogecoin was at 1000%
Doc8404
.450/400 Nitro Ex
Hmmmmm 359% for me right now.
Nope. I will remain a dummy and hold it.
Nope. I will remain a dummy and hold it.
Doc8404
.450/400 Nitro Ex
Anyone use crypto.Com ?
some of these newer stupid go nowhere cryptos would be good for short term gains.
going from 0.000005 to 0.003 means quick money
some of these newer stupid go nowhere cryptos would be good for short term gains.
going from 0.000005 to 0.003 means quick money
BerettaGuy
.308 Win
So many of the "platforms" are NOT available to residents of New York State because, you know, they care about us.
I use coinbase as a platform and trade directly on the Etherium Network via MetaMask. But you can use WeBull or Gemini I have never used crypto.com. You can startup an account with SOFI and buy that way.
There is always Robin hood who will gladly let you buy but then they hold it.
Doc8404
.450/400 Nitro Ex
I have robinhood and most crypto you can’t buy through them.
I have dogecoins there
At 434% for me right now.
was at 1,000%. Shoulda sold.
I have dogecoins there
At 434% for me right now.
was at 1,000%. Shoulda sold.
Doc8404
.450/400 Nitro Ex
Wow.
www.finder.com
Crypto.com review
Find out what you can do with the Crypto.com all-in-one crypto platform, how it works, what it costs, how to get the most out of it and the risks involved.
www.finder.com
Bob
6.5 Creedmoor
I went into Crypto through Robinhood as well.
The Crypto is carrying the losses I've taken in stocks.
I use Crypto.com, BitMart, Voyager, RH, Coinbase, Binance, and then have separate DeFi wallets to store them. I have played with crypto for a few years and made some very smart investments early early this year that have paid off very well. I love it never too late to get into it. Have also just got into mining
Doc8404
.450/400 Nitro Ex
I like the simple ones.
no wallet. Just buy and sell with one app.
puts me behind the power curve though.
good idea to toss in $500-1k anytime one of these crappy new cryptos start. Sell and hope you didn’t sell early
no wallet. Just buy and sell with one app.
puts me behind the power curve though.
good idea to toss in $500-1k anytime one of these crappy new cryptos start. Sell and hope you didn’t sell early
Blimey
.450/400 Nitro Ex
As I mentioned elsewhere I do dislike bitcoin. Obviously I wish I had bought some, much like I wish I had purchased a winning lotto ticket, but for the same reason I do not chase that now I also don't chase bitcoin.
With that bias stated, when I first learned of Tether a couple of years ago I could not believe what an obvious fraud it was. And it underpins a substantial part of bitcoin's value.
Most who have made money on bitcoin will ignore my negativities about it, but I would at the least urge you to become familiar with--if not already--Tether. What it is, and why it matters. I personally believe it to be one of the biggest frauds in history, and it now eclipses Bernie Madoff's in supposed value. The quick & dirty of it is that a few people are fabricating tethers out of thin air. They originally claimed that each tether was created only after receipt of 1 dollar in USD. This is unequivocally untrue. They fabricate them out of thin air and then people who either do not know--or hope they can get out before it pops--use tether to purchase and sell bitcoin. Very often in the past as bitcoin's price has started to tumble tether prints more of these supposed stablecoins (out of thin air) to try and prop the market up.
An october/21 article at forbes "Anyone seen Tether's Billions?" details it a bit further.
Bitcoin as a hedge against inflation is obviously not working well in the past several months. I suspect that if we hit a recession absent stimulus checks we'd see a truly catastrophic drop in bitcoin's value.
With that bias stated, when I first learned of Tether a couple of years ago I could not believe what an obvious fraud it was. And it underpins a substantial part of bitcoin's value.
Most who have made money on bitcoin will ignore my negativities about it, but I would at the least urge you to become familiar with--if not already--Tether. What it is, and why it matters. I personally believe it to be one of the biggest frauds in history, and it now eclipses Bernie Madoff's in supposed value. The quick & dirty of it is that a few people are fabricating tethers out of thin air. They originally claimed that each tether was created only after receipt of 1 dollar in USD. This is unequivocally untrue. They fabricate them out of thin air and then people who either do not know--or hope they can get out before it pops--use tether to purchase and sell bitcoin. Very often in the past as bitcoin's price has started to tumble tether prints more of these supposed stablecoins (out of thin air) to try and prop the market up.
An october/21 article at forbes "Anyone seen Tether's Billions?" details it a bit further.
Bitcoin as a hedge against inflation is obviously not working well in the past several months. I suspect that if we hit a recession absent stimulus checks we'd see a truly catastrophic drop in bitcoin's value.
Acer-m14
20×102mm Vulcan
Blimey
.450/400 Nitro Ex
I somehow missed this post last year. Concur entirely. Bitcoin has always been divorced from reality.
Anyway, as I mentioned in last post the whole thing is a scam. Here is an article that hits on it: Cryptocurrency Is a Giant Ponzi Scheme
Do btc proponents really think governments will sit idle forever as Bitcoin electricity usage continues to eclipse that of entire nations? That’s even if we pretend its market is not highly manipulated.
Interesting correlation.
www.nationalreview.com
The Fall of Bitcoin? | National Review
A chart suggests Bitcoin’s success is driven by the hunt for yield associated with the Fed’s money printing, along with that of other central banks.
www.nationalreview.com
LOL. Biden can't regulate his own sphincter.Can't see how this is good for Bitcoin.
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Saltwater60
.950 JDJ
I signed up for coin base today. I did the education section of it and I got like $14.00 worth for nothing. Then I bought two cheap crytpos for $5.00 and I got $5.00 in bitcoin. So for $10 I got $29.00 with of crytpos. I have no clue what I’m doing any pointers would be great. I’m assuming it’s like the stock market or say trading depending on what you want to do. Also I did a wallet and I’m assuming if I move coins or whatever to the wallet they are no longer in circulation and just like my cash?
BerettaGuy
.308 Win
Bitcoin electricity usage continues to eclipse that of entire nations? Sounds like a talking point that the central banks faxed to the NY Times and CNN.
The Central Banks have the most to lose. Governments bow down to the Central Bankers. Many Governments have nothing to lose by watching the Central Bank squirm and suffer.
Whether it is the US Dollar or Chinese Yuan or BItcoin. Realizing that the money in your bank account isn't really yours and never really existed in the first place is all part of growing up.
Every Bitcoin from 1 to one-millionth of one has a "hash" number. Every Dollar has one too. The only "real" issue concerning the future of money is, what happens when the electricity turns off.
Will you simply go to the nearest ATM and withdraw some paper money? Swipe your credit card? Will you use your Crypto Wallet to transfer some money to the gas station for the gas you will manually have to pump? OR: will you barter with bullets for oh I dunno, anything you want?
I have been in crypto and will continue to be in crypto. But I am an idiot! I have been saving my money for 5 decades. Investing and doing without silly things. (well not all silly things).
I have been purchasing but have yet to trade or sell.
Why! I wanted to be able to look my Grandkids in the face when they ask Grandpa, why didn't you buy crypto back in the day. I will simply look at them and say, I did. (Whether the lights are on or not)
BerettaGuy
.308 Win
You own nothing! Central Banks own it all.Interesting correlation.
The Fall of Bitcoin? | National Review
A chart suggests Bitcoin’s success is driven by the hunt for yield associated with the Fed’s money printing, along with that of other central banks.
View attachment 144168
Being a debt-driven society means debt is an asset.
What is the biggest asset of the Central Banks? Debt.
Jmac00
.475 A&M Magnum
not if everyone starts a run on the banks and we all pull out whatever cash we have. the entire system will collapse. personally I think would be hilarious, CCP Xiden will have to start printing money like crazy, but his handlers only have til November to get it done.
Phazer
.338 Win Mag
So much for the basic tenet of crypto....
It is apparently NOT out of government reach.
www.washingtonexaminer.com
It is apparently NOT out of government reach.
Canada freezes at least 34 crypto wallets funding ‘Freedom Convoy’ - Washington Examiner
Canadian authorities have ordered the nation's regulated financial firms to halt the facilitation of any transactions from at least 34 crypto wallets connected to the funding of the "Freedom Convoy" protests. The Ontario Provincial Police and Royal Canadian Mounted Police, in cooperation with...
www.washingtonexaminer.com
Saltwater60
.950 JDJ
No surprise.So much for the basic tenet of crypto....
It is apparently NOT out of government reach.
Canada freezes at least 34 crypto wallets funding ‘Freedom Convoy’ - Washington Examiner
Canadian authorities have ordered the nation's regulated financial firms to halt the facilitation of any transactions from at least 34 crypto wallets connected to the funding of the "Freedom Convoy" protests. The Ontario Provincial Police and Royal Canadian Mounted Police, in cooperation with...
So much for the basic tenet of crypto....
It is apparently NOT out of government reach.
Canada freezes at least 34 crypto wallets funding ‘Freedom Convoy’ - Washington Examiner
Canadian authorities have ordered the nation's regulated financial firms to halt the facilitation of any transactions from at least 34 crypto wallets connected to the funding of the "Freedom Convoy" protests. The Ontario Provincial Police and Royal Canadian Mounted Police, in cooperation with...
If you are doing crypto, spend the money on a physical wallet.
libertysnake
.338 Win Mag
I need to spend the time to really look into this in more detail. I've been neglecting it, but it seems government is very willing to use it as a tool politically -- so I need to find a safe place to control liquid assets legally that is out of their easy control.
spat
.700 Nitro Express
FIFY