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re: Official CryptoTalk Thread

Posted on 9/21/21 at 2:23 pm to
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 9/21/21 at 2:23 pm to
quote:

stable coins: bad
govt issued cbdc: good


yeah Gensler is a smart guy but the casino chip analogy is just stupidity

there is no way you can come after it like a security, it fails the only test we have on determining if something is a security because you don't put money into stablecoins expecting a profit.

They just want to actively monitor and control everything you spend money on in the name of "protecting the investor". These people have no interest in a truly free market.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82086 posts
Posted on 9/21/21 at 2:41 pm to
quote:

they'll give you 30-60 days to remove your coins. they've did this in a couple states already
If this becomes a nationwide thing, and the entire US rushes to Celsius to remove their coins, wouldn't there be potential for a liquidity issue? What if Celsius doesn't have 100% of the deposits to give back?
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 9/21/21 at 3:21 pm to
Even when I’m beyond a doubt expecting and prepare myself for a red day it still hurts a little to watch it play out. Gensler + Evergrande was just a bad combo this week.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 9/21/21 at 3:27 pm to
We'll be alright. Crypto is a very emotional market. In 2 days we'll be green again. Nothing he said really puts the crypto industry as a whole at risk, though it does sting to hear someone we all thought of as an ally in power basically saying that.

They can't really shutdown DEXs so they're going to do all they can to extract value from people that use them.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 9/21/21 at 3:43 pm to
if it’s better for your mental health stop looking at the charts. Set your limit orders if you are in the market to buy but then turn it off.

In a week this might all be a distant memory
Posted by flyAU
Member since Dec 2010
24900 posts
Posted on 9/21/21 at 3:57 pm to
Coinbase is down
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 9/21/21 at 4:10 pm to
Now it's a proper meltdown
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 9/21/21 at 4:15 pm to
The party really doesn’t start until Coinbase shits the bed

I am really starting to loathe that exchange. We’ve breached 40k.
This post was edited on 9/21/21 at 4:19 pm
Posted by barbapapa
Member since Mar 2018
3809 posts
Posted on 9/21/21 at 4:20 pm to
Coinbase is such shite
Posted by flyAU
Member since Dec 2010
24900 posts
Posted on 9/21/21 at 4:23 pm to
Without reading through 1000's of pages, Which exchange should i move from coinbase to? I am pretty new but Coinbase talking to the feds about regulations is the last straw.
Posted by lsu777
Lake Charles
Member since Jan 2004
36932 posts
Posted on 9/21/21 at 4:26 pm to
Prolly kucoin or binance if you can
Posted by 21JumpStreet
Member since Jul 2012
14865 posts
Posted on 9/21/21 at 4:44 pm to
Other than coinbase, the only other exchange I have sold to get money in my bank account is voyager and they have done well so far
This post was edited on 9/21/21 at 4:45 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 9/21/21 at 4:52 pm to
big money defending $40k area
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11532 posts
Posted on 9/21/21 at 5:22 pm to
Do not use Binance. People have issues getting their money and there is nothing you can do about it. Stick to one of the companies that are publically traded. Crypto exploded this year. Everyone is having scaling issues.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 9/21/21 at 5:22 pm to
It's either tough or expensive to get USD into crypto on anything not Coinbase or Voyager.

I use CB to buy USDC, move it to CB Pro, then so whatever I want from there.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11532 posts
Posted on 9/21/21 at 5:23 pm to
Voyager's biggest perk is the interest they pay. It's hard to find better rates.
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 9/21/21 at 5:37 pm to
Speaking of Coinbase, not sure if it’s on them or me, but somehow a transfer between Phantom & CB didn’t go through and the SOL is nowhere to be found. I copied and pasted the address directly from CBP to Phantom to transfer it from Phantom-CBP. Not sure WTF happened, the transaction shows as successful on my Phantom transactions.

Which brings me to a larger question I’ve had for awhile —- why is the deposit address into my Coinbase Pro wallet different every time I transfer? Whereas Phantom, my address is the same at all times…? Makes it even more of a headcase transferring from Celsius to CB because you have to enter the address and Celsius makes you wait 24 hrs.
This post was edited on 9/21/21 at 5:39 pm
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 9/21/21 at 5:42 pm to
I used to use voyager but I had massive problems pulling crypto and funds out so haven’t used them in months. Still have an account though.

I have had good success with Crypto.com and use their visa debt card but they don’t have the yields voyager does.

Last time I tried to pull fiat out of voyager it took about a month. frick that noise. Lol.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 9/21/21 at 5:47 pm to
I heard sol had another glitch today. Also been reading about CB pro glitches all week. just keep minting!
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 9/21/21 at 5:47 pm to
yeah Coinbase gives you a new wallet address every time.

you should be able to trace the transaction in solscan. if it ended up in the main cb wallet they should be able to give it back to you

I'm still waiting for a similar situation with 5 sol so do not expect it anytime soon, however
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