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re: Official CryptoTalk Thread
Posted on 6/13/22 at 8:26 am to JayDeerTay84
Posted on 6/13/22 at 8:26 am to JayDeerTay84
Ruble / USD is at like a 5 year high. This example is not so good.
1
Posted on 6/13/22 at 8:27 am to j1897
quote:
Ruble / USD is at like a 5 year high. This example is not so good.
But they cant get it out.... via that pair.
Posted on 6/13/22 at 8:30 am to kengel2
quote:
But what happens when the owners(celsius) just decide to shut it down? Not being an arse, just been reading and trying to figure this stuff out.
As we discussed with hardware wallets, you cannot be shut down.
Once you have taken your money out of the "system" its yours. Like actually yours.
And no, a government cannot shut down the BTC network. It would take over 100 terawatts to take over that network.
This post was edited on 6/13/22 at 8:34 am
Posted on 6/13/22 at 8:45 am to JayDeerTay84
quote:
As we discussed with hardware wallets, you cannot be shut down.
Once you have taken your money out of the "system" its yours. Like actually yours.
So you have to remove your money from the exchanges everyday?
Posted on 6/13/22 at 8:55 am to kengel2
quote:
So you have to remove your money from the exchanges everyday?
I dont. I have a stack that I plan to hold long term which is about 80% I keep on my hardware wallet.
I have 20% on a variety of platforms and I monitor those daily as I am kind of a degen with this remaining 20%.
But I also mine and that mining payout I send to a CEX and once a a week I split it up into those same percentages.
Posted on 6/13/22 at 9:08 am to JayDeerTay84
quote:
I dont. I have a stack that I plan to hold long term which is about 80% I keep on my hardware wallet.
Ok, so its like a stock, but instead of the exchange holding it, you actually hold it and the value would go up and down as the market goes?
quote:
I have 20% on a variety of platforms and I monitor those daily as I am kind of a degen with this remaining 20%.
But I also mine and that mining payout I send to a CEX and once a a week I split it up into those same percentages.
From the little I know, mining seems like the way to go.
Posted on 6/13/22 at 9:11 am to kengel2
quote:
Ok, so its like a stock, but instead of the exchange holding it, you actually hold it and the value would go up and down as the market goes?
Pretty much with my personal expectation that over 5/10/15/20 years BTC/Crypto massively beats traditional investments as we are still early. Over time, however, I expect YOY returns to normalize as the market grows and becomes more stable and less volatile.
quote:
From the little I know, mining seems like the way to go.
Its consistent and my rigs are in the green. So that means every day is a day I am in profit.
Posted on 6/13/22 at 9:22 am to Ross
quote:Another point, exactly how many times have you used your seed? I think I've used mine once since I purchased my first Trezor in 2014. Also, the amount of time my Trezor has been connected is probably no more than two hours total, and that was for firmware updates.
also, writing 24 words down on a sheet of paper isn’t exactly difficult
Posted on 6/13/22 at 9:28 am to JayDeerTay84
quote:
Pretty much with my personal expectation that over 5/10/15/20 years BTC/Crypto massively beats traditional investments as we are still early. Over time, however, I expect YOY returns to normalize as the market grows and becomes more stable and less volatile.
Good deal, Im slowly figuring this stuff out.
quote:
Its consistent and my rigs are in the green. So that means every day is a day I am in profit.
Anything green today is good, even if its pennies.
Posted on 6/13/22 at 9:53 am to kengel2
Everyone having fun yet??!?!?!?
Posted on 6/13/22 at 10:12 am to TigerTatorTots
I've had better days. I was already in the red before today, so it's not as painful for me as it may be for others. Luckily, I'm not over-invested, so it's fine, but yeah, not fun. Not fun at all.
Posted on 6/13/22 at 10:16 am to BottomlandBrew
Hodl! This ain't fun. Especially with the celsius news 
Posted on 6/13/22 at 10:19 am to TigerTatorTots
quote:
Everyone having fun yet??!?!?!?
Posted on 6/13/22 at 10:33 am to 22jctiger22
Who bought SOL at $140? Is that coin done
Posted on 6/13/22 at 10:36 am to JayDeerTay84
quote:
Nope, the problem is western folks don't live in pain where crypto really solves problems.
You mean...as a currency?
quote:
We could mention this again, but people will inevitably give me Western reasons as to why they don't really need it.
Is this 2011? I have already said I was a big early proponent about BTC as a currency. You can look at threads from 10+ years on here (why I used 2011). There is a lot of utility in the tech for currency use specifically.
quote:
The OG BTC whitepaper NEVER referred to BTC as use for a currency specifically.
Why are your arguments for why the tech has use specifically for use as a currency?
Posted on 6/13/22 at 10:37 am to Fox McCloud
Everything done except for bitcoin, Web5!
Posted on 6/13/22 at 10:37 am to SlowFlowPro
I picked the wrong week to quit sniffing glue.
Posted on 6/13/22 at 10:38 am to 21JumpStreet
Binance paused too? wow
Coinbase, you’re up.
wow Coinbase, you’re up.
Posted on 6/13/22 at 10:38 am to JayDeerTay84
quote:
Think for an example, you live in Russia and your glorious leader starts a war. How do you protect what little savings you have when the western world turns off the banking "system"?
You can use a better example with Russians involved: The Cypriot banking crisis of 2012.
Literally BTC ATMs appeared out of nowhere...for the first time, I believe.
quote:
There is currently one solution.
It's more potential solution than solution at this point. Until a MUCH larger mass adoption occurs in conjunction with a long-term stability period, crypto isn't really useful as a currency and you're left with the same systems that can/will be attacked.
Posted on 6/13/22 at 10:40 am to UnluckyTiger
Isn't Coinbase an actual US bank? They may not find it as easy to shut down.
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