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re: Official CryptoTalk Thread

Posted on 2/15/21 at 11:06 pm to
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/15/21 at 11:06 pm to
The sell wall at 50k for BTC is intense

It’s fine extremely close to breaking through several times on Coinbase
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82028 posts
Posted on 2/15/21 at 11:09 pm to
Yea can someone into NFTs help me understand why a NBA highlight is worth money?
Posted by SUG
Member since Nov 2015
667 posts
Posted on 2/15/21 at 11:13 pm to
Once its goes over 50k it may blast through imo, something like 52 before a cooldown
Posted by LSUJuice
Back in Houston
Member since Apr 2004
18008 posts
Posted on 2/16/21 at 5:10 am to
I still have ICX stuck on binance. Wanted to swap for btc but didn't want to have to sign up for another exchange.
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 2/16/21 at 5:44 am to
you might as well stake it, 21% on binance or 13% on iconfi app. I can't access binance in Louisiana so I use iconfi app. it's been a good 30 days for the coin
Posted by boxerbulldawg
Vagrant
Member since Aug 2013
521 posts
Posted on 2/16/21 at 5:52 am to
quote:

I can't access binance in Louisiana so I use iconfi app. it's been a good 30 days for the coin

Use a vpn and make sure it's set to another country
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
19088 posts
Posted on 2/16/21 at 6:40 am to
BTC 50k
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/16/21 at 6:47 am to
Shattered that sell wall overnight

Historic day
Posted by 21JumpStreet
Member since Jul 2012
14819 posts
Posted on 2/16/21 at 7:39 am to
Would decentraland be at the top for nft right now?
Posted by SUG
Member since Nov 2015
667 posts
Posted on 2/16/21 at 9:29 am to
not familiar with that one...so many projects these days

hope ya'll jumped on that POLS from a few weeks back. polkadot launcher has done quite well
This post was edited on 2/16/21 at 9:32 am
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 2/16/21 at 9:33 am to
not sure if there is a crypto leader in the NFT market, ive been flipping the actual NFTs, not really paying attention to the background layer
Posted by bodask42
Tuscaloosa
Member since Aug 2009
2489 posts
Posted on 2/16/21 at 10:29 am to
Whole crypto market is going crazy today as BTC is flirting with 50k. Crossed above 50k twice today and as soon as it does there are massive selloffs and it drops almost instantly down below 49. And all the other coins are along for the ride, lol.
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 2/16/21 at 10:52 am to
wait until everyone realizes that interest on bitcoin/crypto will be the new retirement.
Posted by AMS
Member since Apr 2016
6533 posts
Posted on 2/16/21 at 10:59 am to
quote:

wait until everyone realizes that interest on bitcoin/crypto will be the new retirement.



So I have just been holding shite since 2016-2017 basically. how you getting interest on holding crypto? do they pay out in $ or btc? Ive held some NEO to generate GAS but interest in other coins is preferable
Posted by Pendulum
Member since Jan 2009
7896 posts
Posted on 2/16/21 at 11:13 am to
I use blockfi, they pay you interest in the same currency as your deposit so btc for btc etc. Right now they pay like 6% for btc but it changes without notice.

I have like a third of my btc there, try to keep it spread out in case something blows up
This post was edited on 2/16/21 at 11:14 am
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/16/21 at 11:16 am to
The rates on BlockFi are insane

I’m not sure I completely understand how their business model works. They loan out crypto currency as high rates to people that wouldn’t otherwise qualify for a loan?

Are they cryptocurrency loan sharks?
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 2/16/21 at 11:18 am to
there are few lenders which each offer a variety of different rates. some pay in compound interest with the coin (btc eth, etc). you can also earn 10-12% with stable coins

blockfi
nexo
celsius
iconfi
Gemini

*not your keys, not your coin
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 2/16/21 at 11:21 am to
basically, they are capturing the spread between spot and futures price

example:
BTC current = $49,000
BTC may 2021 futures = $51,000

which would give an annualized "risk free" return = ~21%
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 2/16/21 at 12:02 pm to
this tron drama is hilarious
Posted by CE Tiger
Metairie
Member since Jan 2008
41878 posts
Posted on 2/16/21 at 12:37 pm to
Yup. Justin Sun has always been a slime ball from the time he went live in a shitty hotel announcing his announcements of announcements
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