Hi guys, so was doing some reading on wired today... saw this http://www.wired.com/opinion/2013/05/lets-cut-through-the-bitcoin-hype/ This is the wikipedia page that tells you about Bitcoin (if you were as clueless as I was about it two years ago) http://en.wikipedia.org/wiki/Bitcoin What do you guys think about a new currency like this? Would it help or hurt online sales, both Legal and otherwise. Do you think it would help lego investors as being an easier way to transfer funds..? Just thought it could be fun to talk about..

I doubt BTC or the rest of the crypto space will bounce back before BTC’s next halving in 2024. Could be a great time to buy if it drops below $10k. Maybe I’ll just sell my other crypto and buy . . . Oh . . .




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For those of you with Voyager accounts, they have filed for Chapter 11 and are not allowing withdrawals

https://www.investvoyager.com/pressreleases/voyager-digital-commences-financial-restructuring-process-to-maximize-value-for-all-stakeholders

Especially now, if you aren't keeping your currency offline, using a cold wallet, you are nuts.

Edited July 6, 20223 yr by raindog

Call me nuts. Voyager was a wake-up call, even though they weren't the first...or last. I have a little bit in multiple places (including Voyager).
I don't think I'll go yet as far as a hardware wallet, but I'm curious what others might be using as non/self-custodial wallets.
I already have some under the Trust Wallet app and am thinking of just moving more that direction.
I also see Crypto.com and Coinbase have their own wallet apps aside from their main app. I'm assuming your coins wouldn't be frozen in a bankruptcy under those apps, but it still seems questionable if the app is maintained by a company that could be bankrupt. Curious on others' thoughts.

Not your keys?…not your coins. 

1 hour ago, lodibricks said:

Call me nuts. Voyager was a wake-up call, even though they weren't the first...or last. I have a little bit in multiple places (including Voyager).
I don't think I'll go yet as far as a hardware wallet, but I'm curious what others might be using as non/self-custodial wallets.
I already have some under the Trust Wallet app and am thinking of just moving more that direction.
I also see Crypto.com and Coinbase have their own wallet apps aside from their main app. I'm assuming your coins wouldn't be frozen in a bankruptcy under those apps, but it still seems questionable if the app is maintained by a company that could be bankrupt. Curious on others' thoughts.

I use a Ledger. Works great. Well worth the money. Just never ever ever enter your seed phrase anywhere except on a Ledger device. If you have significant assets, you should buy a hardware wallet. 

 

I also have some on Kraken that I was going to sell. I need to move it back. I only use soft wallets when I am on a computer I don't have my ledger set up with, but it gets sent to my Ledger eventually.

Being chiefly a silver stacker, I enjoy this meme.

  

 

 

Blockfi just froze my account. I should have pulled once ftx went down. After Luna really. Wallet been sitting in my amazon basket 😑

On 11/11/2022 at 7:42 AM, marcandre said:

Blockfi just froze my account. I should have pulled once ftx went down. After Luna really. Wallet been sitting in my amazon basket 😑

Hopefully you didn't have too much in there.

15 hours ago, bigboy61 said:

Hopefully you didn't have too much in there.

Not too much. Most btc rewards as I had been using the cc for everything. Lesson learned. 

Everything is so cheap right now, I understand why though. Went deep on MATIC at $.78. I want to grab Ether too, but the stolen tokens possibly getting dumped combined with the no stake withdraw until 24’ is causing hesitation- does anyone feel safe buying Ether at a certain price right now, what is a comfortable floor, and why so?

3 hours ago, Captain_Obvious said:

Everything is so cheap right now, I understand why though. Went deep on MATIC at $.78. I want to grab Ether too, but the stolen tokens possibly getting dumped combined with the no stake withdraw until 24’ is causing hesitation- does anyone feel safe buying Ether at a certain price right now, what is a comfortable floor, and why so?

Wait, they won't let you unstake your coins until 2024??? Yikes.

 

I feel like a solid value for ETH is $300-600. Probably 300 or 400. There's not really much analysis there. Just that last time, it went from 1400 down to under $70 ~95% drop). So far it's gone down from $4600 to $1000 (~78% drop). Seems like it has more to fall before a bottom. $300 or $400 seems like a reasonable bottom to me. It could dip a little lower than that too, but it's close enough. 

Edited November 21, 20223 yr by bigboy61

18 minutes ago, bigboy61 said:

Wait, they won't let you unstake your coins until 2024??? Yikes.

 

I feel like a solid value for ETH is $300-600. Probably 300 or 400. There's not really much analysis there. Just that last time, it went from 1400 down to under $70 ~95% drop). So far it's gone down from $4600 to $1000 (~78% drop). Seems like it has more to fall before a bottom. $300 or $400 seems like a reasonable bottom to me. It could dip a little lower than that too, but it's close enough. 

I was thinking $300-600 too. I believe it could be all downhill with ETH now and I see a lot of risk trying to grab the sword as it falls hoping for a small pump and dump day trade.

However, once it gets to the 3-6 range, I’ll get back into the flipping game. Hate to wait, feel like I might be leaving some real money on the table until then if it bounces back to $1400-1600 a couple more times 

Anyone here see SBF has been arrested? He has been denied bail and will be sitting in Bahamas jail until February from what I saw in the news.

6 hours ago, bigboy61 said:

Anyone here see SBF has been arrested? He has been denied bail and will be sitting in Bahamas jail until February from what I saw in the news.

I got a weird feeling SBF is gonna get Epstein-ed before 2023 ends