Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Flobee
Vyemm Raider
- 2,674
- 3,072
You don't think these moves matter to those in power? Could be a coincidence...Dominos keep falling
Paraguay in a race for second place to make Bitcoin official currency
El Salvador was the first. But if Paraguay succeeds in following suit, it may not be the last in Latin America to put its faith in crypto.www.euronews.com
Family of Paraguay's First Lady are Among 99 People Missing in Fla. Condo Collapse
Following the early morning collapse, 99 people are still missing, while 53 have been accounted for in Surfside
- 2
Arden
Blackwing Lair Raider
- 2,731
- 2,055
You don't think these moves matter to those in power? Could be a coincidence...
Family of Paraguay's First Lady are Among 99 People Missing in Fla. Condo Collapse
Following the early morning collapse, 99 people are still missing, while 53 have been accounted for in Surfsidewww.yahoo.com
Just so I'm clear, you are suggesting that somebody, or some government, presumably the United States government, arranged a building collapse that killed 100 people in Miami in order to send a message to Paraguay about adopting Bitcoin?
- 1
Flobee
Vyemm Raider
- 2,674
- 3,072
I'm just pointing out the coincidence between the two events. It honestly could be a coincidence, but lets not act like this sort of thing doesn't happen. You also have things like the below happening, could be a win/win for the type of body we're referring to. Existing power structure is in danger and desperate as can be seen from a number of different actions over the past few years. I'm not counting anything out just because it seems implausible at first glance, thats all
Arden
Blackwing Lair Raider
- 2,731
- 2,055
It's not that it "could be" a coincidence. That's the sort of framing that stokes the fires of crackpot conspiracy theories. It IS a coincidence until there is even a shred of evidence otherwise.
Also, if you want to use the Miami building collapse as fodder for BTC conspiracy theories, keep in mind you're going to have to compete with the political conspiracy theorists. According to them, the Miami building collapse was timed to coincide with the infrastructure bill in order to put pressure on congress
- 1
Flobee
Vyemm Raider
- 2,674
- 3,072
Conspiracy theories have been on a roll this year. That being said I'm just posting some related information I ran across that was interesting, I don't have an opinion on the collapse.
- 1
Arden
Blackwing Lair Raider
- 2,731
- 2,055
Fair enough. I wasn't trying to be a dick. Just tired of the conspiracy theory train.
- 11,012
- 57,934
Conspiracy theories you say? How about this one I saw linked somewhere? HAARP Earthquake weapons targetable to within a city block! Nowhere is safe!
Sorry to doxx
MusicForFish
's site like that too 
- 1
- 1
- 34,214
- 134,344
Conspiracy theories you say? How about this one I saw linked somewhere? HAARP Earthquake weapons targetable to within a city block! Nowhere is safe!
Sorry to doxx
- 2
Rajaah
Honorable Member
- 12,516
- 16,539
Signed up for a BlockFi account since crypto stored there generates interest. They're having a limited-time offer where they give you "up to $250 of Bitcoin as a sign-on bonus if you fund your account with at least $100". That's what the emails and ads say, verbatim. Even after signing up, it's like "Up to $250 in free Bitcoin. Just add $100."
Then when looking at the fine print, it turns out that you only get $250 if you fund your wallet with $100,000 or more. No, I'm not kidding. It goes down from there. If you invest $1000 or less you get $15. So no, it very much is not "invest $100, get a $250 bonus"
I still might fund it with a couple thousand in ETH if their interest rates are what the ads say (7% APR). But I half-expect to get into the nitty-gritty of it and find out that a couple thousand will only get you a 0.1% APR.
Edit: I already linked bank accounts and am also debating just unlinking and closing the account the $15 isn't even a factor now. BlockFi looks pretty good in general, but after their deceptive marketing I'm not particularly eager to do any business with them. It's like when a girl lies to you about something random on the first date, she's kinda sus after that.
Then when looking at the fine print, it turns out that you only get $250 if you fund your wallet with $100,000 or more. No, I'm not kidding. It goes down from there. If you invest $1000 or less you get $15. So no, it very much is not "invest $100, get a $250 bonus"
I still might fund it with a couple thousand in ETH if their interest rates are what the ads say (7% APR). But I half-expect to get into the nitty-gritty of it and find out that a couple thousand will only get you a 0.1% APR.
Edit: I already linked bank accounts and am also debating just unlinking and closing the account the $15 isn't even a factor now. BlockFi looks pretty good in general, but after their deceptive marketing I'm not particularly eager to do any business with them. It's like when a girl lies to you about something random on the first date, she's kinda sus after that.
Last edited:
- 1
- 11,012
- 57,934
I haven't found the fine print on their site, but it looks like the way to go would be stable/USD coins. You don't have to worry about price fluctuations like you do with ETH/BTC/etc and they're offering what appears to be 8.6% interest. I'm guessing there's some caveat in the fine print that invalidates this, but that would seem to me a no-brainer.
I mean holy shit, if you could get 8.6% apr on a regular savings account now...
Vepil
Gamja
- 5,836
- 24,482
Not mine but check it out to feel inadequate...
- 1
I was watching a Lark Davis YouTube video and he talked about getting insurance on his deposits (pretty sure it was blockfi). Have any of you looked into the insurance aspect to protect your deposit? From what I saw the yearly premiums were ~1-2% of the deposit amount.
Most of my Bitcoin and Etheteum are sitting in a cold wallet and while I am not earning any interest, I don’t have to worry about losing it because of a hack/scam/or whatever.
Edit: I go back and forth on the risk vs. reward and so far the risk appears pretty high to me (not your keys, not your coins). But the insurance aspect has me thinking about depositing my Bitcoin.
Most of my Bitcoin and Etheteum are sitting in a cold wallet and while I am not earning any interest, I don’t have to worry about losing it because of a hack/scam/or whatever.
Edit: I go back and forth on the risk vs. reward and so far the risk appears pretty high to me (not your keys, not your coins). But the insurance aspect has me thinking about depositing my Bitcoin.
Last edited:
Tmac
Adventurer
- 9,970
- 16,988
I actually just sent all of my crypto back to Coinbase Pro bc it was split between too many exchanges/wallets that it was becoming a nuisance to keep up with.
It's infinitely easier to see "Portfolio Balance = $X" than maintaining multiple wallets/exchanges bc certain cryptos aren't supported everywhere.
swayze22
Elite
- 1,217
- 1,097
Rajaah
Honorable Member
- 12,516
- 16,539
Yeah, maybe I should have thrown all my extra money into something like this instead of into crypto with its volatility and unreliability. Stable coins sounds like a good idea here though. I might start investing into this once I'm done reaching my crypto-buying goals.
Rajaah
Honorable Member
- 12,516
- 16,539
I might put my BTC towards this, those rates aren't bad at all. I'm going to try to set up the liquidity in Uniswap that was being discussed earlier using ETH, otherwise I'd add that to this too.
Sanrith Descartes
You have insufficient privileges to reply here.
- 44,508
- 120,709
I was at work when I posted about closing my open BTC buy order and didnt have time to fully explain. Here is data since the run up and break over 20K late last year. Roughly 7-8 months of data. Each of these points are where BTC established a level of support on the run to the moon. They will act as support on any retracement. Look at the data and then look at the chart to see the levels and how long they spent there establishing them. Usually 7-14 days. And then look at the lows being made since the crest at 60k. Its establishing lower lows as it keeps bouncing off the continually dropping DMAs. I talked about this about a month ago here that BTC needed to break out otherwise over time the lowering DMAs would strangle it lower. For those who don't believe technical analysis matters in crypto, all I will say is algos are programmed to use technicals and traders who believe algos use technicals use technicals because they believe algos use technicals. Is it circular logic? Yes. It doesnt make it not true though.
| 11/30 - 12/12 | 17k - 18k |
| 12/18 - 12/25 | 22k - 23k |
| 12/26 - 1/8 | 23k - 36k |
| 1/22 - 1/22 | 28k - 29k |
| Feb, Mar, Apr | Moon |
| 19-May | 29563 - low |
| 23-May | 31230 - low |
| 8-Jun | 31075 - low |
| 22-Jun | 29247 - low |
| Today | 30206 - low |
- 1
- 12,704
- 49,338
This makes analytical sense. I would also add from the "Market Psychology" front that today, for the first time, I started seeing the most die hard Bull influencers I watch on the interwebs (Like Bitboy) start mentioning phrases like "If this doesn't turn around in July, we're done for this run". It's not capitulation.. .but it's getting closer.
I say this.. then glance over to Odysee.. and what do I see but a BitBoy crypto video where apparently he's now claiming right now is when ETH is going to flip bitcoin and decouple the BTC and Altcoin markets..... SMH
Sanrith Descartes
You have insufficient privileges to reply here.
- 44,508
- 120,709
BTC is still a trade. I haven't viewed it as an investment, but I do see it as a trade. To be honest the more support it blows through on the drop, the better the trade potential. I pulled my order to buy because right now the entry point isn't clear to me. I haven't pulled my cash from Gemini, I am just waiting to the price movement to provide me some clarity. But I do agree if July comes and goes without BTC breaking out, the DMAs are going to strangle it lower.
- 1