Bitcoin
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- NBQ00-2
On some exchanges Bitcoin just broke 50K
- NBQ00-5
51K's
Continuity wish you held on?
- Rudenb
- Wait till Apple drops a few Billion into it.BH26
- all these downvotesCalderone2000
- shapesalad3
Tea company pivots to mining crypto :
https://decrypt.co/58038/chinese…
Personally I’m aiming to go the other way, use my crypto to buy a small holding in the Azores to product tea.
- ESKEMA0
Bitcoin reaches a market cap of 1T
- shapesalad0
BTC to GBP... £39261 new all time high
100BTC's sold at that price = 100 years decent UK salary.
- NBQ00-2
If I only held my $230'ish coins from 2015. Sigh.
- bitcoin is not for selling. if you need money, you use it as collateral for a loan.ESKEMA
- Good to knowNBQ00
- bitcoin is only for reaching THE MOON@!@shapesalad
- what's the interest rate on a bitcoin loan? sounds like a recipe for disaster. does the lender peg to moon value?jonny_quest_lives
- Bitcoin is not for the people and the people are for Bitcoin.palimpsest
- 1%ESKEMA
- for example: https://celsius.netw…...ESKEMA
- i take it the exchanges are handling these meteoric rises well?jonny_quest_lives
- https://imgflip.com/…jonny_quest_lives
- 1% rate but you need a to lock in 4x collateral in a hot wallet?jonny_quest_lives
- it's adjustable, depends where you go, but it should get better over time as btc becomes less of a risk. This is all very new. Needs to matureESKEMA
- and they certainly lock it in a cold wallet.. or they should..ESKEMA
- i don't think they do... think they are hot walletsjonny_quest_lives
- https://www.theblock…jonny_quest_lives
- yeah reading now. This was a recent move when thay added fireblocks. When using only bitgo it was cold.. so it's a mix now..ESKEMA
- i think it's how they generate their actual revenue... leveraging the capital back and forth in perpetual futures.jonny_quest_lives
- i mean the money to loan has to come from somewhere...jonny_quest_lives
- honestly above my head and i can be reading it all wrong but they have an algorithm that moves the collateral (your btc) from hot and cold walletsjonny_quest_lives
- i found this on reddit (so take that for what its' worth)jonny_quest_lives
- "Almost all funds are in hot wallets being lent or they can’t earn you interest on your crypto.jonny_quest_lives
- Celsius has a 5MM safety fund in case of a default and they spread the lending over as many clients as possible with varying levels of collateral required.jonny_quest_lives
- Bitgo’s 100MM fund is only for funds in cold storage and this does not extend to Celsius users. Is celsius low risk?jonny_quest_lives
- I believe so and Mashinsky is very bright and dedicated to making a big impact in crypto. Regardless, if bitcoin goes parabolic so does your risk."jonny_quest_lives
- so i guess this would be parabolic risk territory? ¯\_(ツ)_/¯jonny_quest_lives
- drgs0
Fucked up a bit
https://www.qbn.com/reply/399478…- standing by this: "umm tether folds bitcoin folds lets be real...
jonny_quest_lives"jonny_quest_lives - your powers are weak drgs********
- it was supposed to be a mid-cycle rally, I blame Saylor and Musk. Saylor bought at ca 17000, Musk at 33000, btwdrgs
- standing by this: "umm tether folds bitcoin folds lets be real...
- ESKEMA-1
@dgrs
we're in the start of a supercycle. Insitutional FOMO is here. This won't be a normal run.
Do you trade with the whole stash? I wouldn't dare to. I keep my small treasure in a hardware wallet and only trade with peanuts, just to get the hang of it and learn. If I am to be successful trading, then I'll get my trading account into a good size by trading those peanuts. Not risking it all.- YOLO, I'm all in - every cent I have on the first 1 minute candle to make a new high above the vwap.shapesalad
- Why are institutions here? To make money, absolutely no other reasons. What happens when institutions sell?drgs
- PonyBoy0
crypto art... blow your coins on one-off art... even GIF files. :/
- ahh jeezus... open video in new tab... save video as .mp4 congrats you are the new owner of "THE COMPLETE MF COLLECTION"jonny_quest_lives
- https://ipfs.pixura.…jonny_quest_lives
- https://ipfs.pixura.…jonny_quest_lives
- sorry meant to post this onejonny_quest_lives
- https://ipfs.pixura.…jonny_quest_lives
- aaaah my eyeesssgrafician
- ooh those were cool********
- qbn talent need to get on NFT's asap.inteliboy
- nocomply0
Gotta admit, feeling a little smug today about my decision to invest a few weeks ago.
Gotta also admit, I could be eating my words any day now (though I think any significant crash will be months off).
- Either hold for years. Or keep your eyes on it every single day. Next month or so is going to be important.inteliboy
- if it crashes, look at it as an opportunity to buy with discount. Don't sell.ESKEMA
- what crash are you expecting?futurefood
- I'm not expecting a crash right now, but this shit is wild. 35% dips are normal in bull runs.ESKEMA
- I plan on HODLing for years. Not looking to cash out unless this run gets seriously nutty.nocomply
- Personally, I think we will see a big dip come fall if we continue to have a steady rise until then.nocomply
- nb1
How can I safely lend my BTC to people or companies to make interest on it while I hold?
What’s a reasonable expected rate of return on lending?
- https://celsius.netw…...
https://blockfi.com
https://nexo.io/inteliboy - ^ that sorta thing?inteliboy
- there is no safely if you don't hold your own private keys. i keep my main stash in a hardware wallet, and use Celsius and Crypto.com for interest on smallerESKEMA
- Yes!nb
- stashes. it's incredible how much a small stack grows in 1 to 2 yearsESKEMA
- I have referrals if you want, we both get some $ESKEMA
- Ok next question. How are they able to pay me 6% interest when interest rates are so low?nb
- only put at risk what you're willing to loose.ESKEMA
- bitcoin grows enough on it's own, no need to be greedyESKEMA
- celsius gives 80% of their profits back to the users. Banks keep their profits for themselves.ESKEMA
- https://celsiusnetwo…ESKEMA
- Why would it be at risk on these platforms? Because it’s not guaranteed?nb
- because humansESKEMA
- Oh, I’m responsible if the borrower doesn’t pay?nb
- no. It's about 3rd party risk. exchanges are juicy hacking targets.ESKEMA
- if the borrower doesn't pay, they loose their collateral..ESKEMA
- https://celsius.netw…...
- _niko7
Bennnn next year with his $300 invested:
- Once you have a taste of the sweet life..futurefood
- This makes 'Hulk" angry.utopian
- He's banned, but he can just buy QBNdrgs
- shapesalad-1
Smashing new highs today, worth asking if:
- shapesalad0
Tesla has made more money from its Bitcoin investment in one month than it made selling cars for the whole of 2020.
- lolpinkfloyd
- Tesla is not a car company. It’s a meme investment firm.NBQ00
- If Tesla sells, we're all deaddrgs
- If I had *any* sort appreciable amount of disposable cash, I’d be shorting the fuck out of Tesla.Continuity
- jonny_quest_lives-4
"I don’t hate $BTC. However, in my view, the long term future is tenuous for decentralized crytpo in a world of legally violent, heartless centralized governments with #lifeblood interests in monopolies on currencies. In the short run anything is possible- why I am not short #BTC." -Michael J. Burry
100% this... I believe we will eventually see a government backed stablecoin it's inevitable. I just don't think it will ever be BTC... Too much shady unregulated history. The cast of characters bad faith actors driving this whole market is just incredulous to me.
The legitimate financial sector (Banks, stock market) is not much better but at the end of the day there is a regulatory infrastructure albeit tenuous at best.
Do I begrudge anyone willing to gamble their money in these exchanges? Not at all but again only use money you are really willing to loose. No financial advisor in the world would ever recommend going all in on a speculative asset. Others in this thread have advised the same to others wanting to get in
The Tether BTC play seems to be drive the price of BTC so high that it's "too big too fail"
What does the future hold? who the hell knows but I personally foresee a regulatory clampdown at least here in the states.
- gov back crypto, ala china style. nope... because are the public willing to allow the gov absolute control over their spending?shapesalad
- BTC and others will remain, because there's no way to stop people. Unless giv completely controls all internet 100%. then no.shapesalad
- USA won't clamp down on crypto.shapesalad
- good luck forcing your central shitcoin on international markets in a world where BTC exists. It's game over. Wake up.ESKEMA
- I don't see BTC to have any use or value in, say, year 2050. Today's cryptography will simply not stand the ravages of timedrgs
- So between now and 2050 -- a spectacular crash which I hope we will live to seedrgs
- interesting thoughts. I'm not sure on a centralised gov coin though. Look at how Libra got trampled down with regulation. Dead before arrival.inteliboy
- bitcoin will evolve along with crytography. It's beeing actively developed.ESKEMA
- Post-quantum cryptography? Its easier to let Bitcoin die and start from scratchdrgs
- Y’all smarter than legendary investor Dr Michael Burry, MD?nb
- Hold ETH because fundamentals and influencers can't break me.isaca
- i am curious as to how BTC backers can explain away the Tether issue. it's one thing to knowingly profit off of a rigged game/marketjonny_quest_lives
- but to believe this is natural growth/adoption is an entirely different matter...jonny_quest_lives
- this guy has plotted which trading bots are gobbling/pumping the tether pumps https://twitter.com/…jonny_quest_lives
- FUD. Let be it. Look at the charts.isaca
- STFU with your tether FUD. no one gives a fuck. here, go read something. https://medium.com/@…ESKEMA
- you sound like a broken botESKEMA
- as far as Government backed stablecoins i guess China already has one as shapesalad mentioned:jonny_quest_lives
- https://www.nfcw.com…jonny_quest_lives
- https://www.cnbc.com…jonny_quest_lives
- which would circle back to Michael Berry's point about "heartless centralized governments"jonny_quest_lives
- Big banks are invested in it now, that changes things since as we all know they are also the government :)yuekit
- I think there will be a demand for cryptocurrency in some form far into the future. It has reached a critical mass IMO.yuekit
- Mr. Burry is obviously not using drgs' messy charcoal prediction model on his charts or he'd know what Bitcoin will do.NBQ00
- the point is, bitcoin goes up to $500+ a coin, stabilises, and is then a more useable storage of value than gold for corps/gov/public.shapesalad
- gold needs security, vaults, a physical location, can be seized, hard to quickly liquidate, trade, transport.shapesalad
- If Bitcoin ends up as an alternative or replacement for gold I don't see why governments would feel threatened by that. States issuing their own digitalyuekit
- currency doesn't necessarily mean Bitcoin and other cryptos have to be banned. At the end of the day the government has a lot of leverage over what currencyyuekit
- people use. They write the regulations, they are closely linked with the banks and big corporations that handle most of our economic transactions.yuekit
- sted0
- Zoom out :-)Calderone2000
- The big post Friday night dumphardhat
