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re: Official CryptoTalk Thread

Posted on 11/21/23 at 1:17 pm to
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 11/21/23 at 1:17 pm to


quote:

Travis Kling
@Travis_Kling
Lots of chatter on this Blackrock #Bitcoin ETF. And rightfully so. Blackrock more or less IS is the US government. They’ve also received approval on 575/576 of ETF applications.

One thing I’ll say- there is no chance, and I mean zero, that this ETF is approved with Binance in its current position of market dominance. If this ETF is approved, Binance is either gone entirely or their role in price discovery is massively diminished. If Binance holds on to its current level of influence, no chance this ETF is approved.
9:54 AM · Jun 16, 2023
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160.6K
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https://twitter.com/Travis_Kling/status/1669719994379255808
This post was edited on 11/21/23 at 1:18 pm
Posted by METAL
Member since Nov 2020
1390 posts
Posted on 11/21/23 at 6:03 pm to
Well. Here we go.
Posted by TigerDeBaiter
Member since Dec 2010
10484 posts
Posted on 11/21/23 at 9:08 pm to
Justin Sun is next
Posted by Hateradedrink
Member since May 2023
3169 posts
Posted on 11/22/23 at 7:27 am to
These are DOJ actions. SEC actions are still pending.

That said, binance pleads guilty and CZ pleads guilty…..and prices barely move. If that’s not a bull signal, I don’t know what is.
Posted by I Love Bama
Alabama
Member since Nov 2007
38310 posts
Posted on 11/22/23 at 8:25 am to
This really is our last ride. It’s all going to be regulated to the hilt next cycle with boring returns.

Get your casino money in boys.

It’s time.

Posted by WG_Dawg
Member since Jun 2004
88663 posts
Posted on 11/22/23 at 9:27 am to
quote:

It’s all going to be regulated to the hilt next cycle


what effect will this have?
Posted by 98eagle
Member since Sep 2020
2632 posts
Posted on 11/22/23 at 1:11 pm to
quote:

This really is our last ride.


For the short to middle term future, I agree that people should be buying Bitcoin and BTC related investments because the next two years is going to see parabolic growth.

But for the long term, I respectfully disagree that it will be too late for someone to get into Bitcoin if they don't participate in this current cycle. In my opinion, it's never too late to buy Bitcoin if you hold it long term as the demand for Bitcoin will continue to increase for the next 100 plus years, or until civilization is destroyed. There is nothing that a single country such as the US can really do to the price of Bitcoin except temporary disruptions.
This post was edited on 11/22/23 at 4:12 pm
Posted by BottomlandBrew
Member since Aug 2010
28442 posts
Posted on 11/22/23 at 1:53 pm to
quote:

In my opinion, the demand for Bitcoin will continue to increase for the next 100 plus years, or until civilization is destroyed.


The "civilization destroyed" aspect can't be overlooked. I think we have some hurdles to overcome. AI and quantum computing are really going to put us to the test. That said, I'm optimistic.

On another topic, I like how everything is green 24 hours after the CZ thing. The market is all out of fricks to give.
Posted by Hateradedrink
Member since May 2023
3169 posts
Posted on 11/22/23 at 1:58 pm to
The international face of crypto just pleaded guilty to the U.S. DOJ and the market shrugs it off. Damn
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
44390 posts
Posted on 11/22/23 at 4:40 pm to
Question for my fellow crypto baws...have 2 BTC and 44 ETH on webull. I've been waiting for both to climb so I could sell and move them somewhere else. The question is...where should I move them? Where I can stake them?
Posted by BottomlandBrew
Member since Aug 2010
28442 posts
Posted on 11/22/23 at 5:48 pm to
Transfer to a hardware wallet whenever/if webull opens crypto transfers. A quick google search says they have a transfer beta opening up at some point? Otherwise, you're going to take a take a tax hit if you sell on webull for a profit and then buy back somewhere else that allows transfers in and out. Depending on your accounting and how your purchase price, it may be beneficial to sell before the end of the year and take a loss. Wash trades are still legal in cryptoland.

How tech literate are you? Do you have the desire to set up a home validator? Does linux intimidate you? That's your best use for the ETH. Anther option is to convert it to rETH, stETH, or some other liquid staking derivative (LSD). You can self custody those on your hardware wallet.

In the meantime, if you buy anymore, do not buy on a platform like webull that does not allow transfers.

And a note on transfer. Always, always, always do a test transaction when moving large sums.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
44390 posts
Posted on 11/22/23 at 6:14 pm to
Think it's pretty likely webull opens up transfers?
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 11/22/23 at 6:15 pm to
NEVER SHARE YOUR KEYS WITH ANYONE.

Also, always do a test send and recovery when seeting up a new wallet.


Stay safe!
Posted by BottomlandBrew
Member since Aug 2010
28442 posts
Posted on 11/22/23 at 6:39 pm to
I have no idea. I had never heard of Webull until your post.
Posted by TigerDeBaiter
Member since Dec 2010
10484 posts
Posted on 11/23/23 at 9:21 am to
quote:

On another topic, I like how everything is green 24 hours after the CZ thing. The market is all out of fricks to give.


The “market” is highly concentrated and controlled by a few. They can paint it whatever color they want. The fact that it’s green tells me they would be looking to sell soon. They need willing buyers to unload to.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 11/24/23 at 11:59 am to
Coinbase paying out 5.05% APY on USDC.

I only hold USDC and ATOM on Coinbase, BTC and ETH in cold wallet.

How safe is USDC on Coinbase? The reason I ask is because I'm considering moving my emergency fund out of traditional savings account which isn't yielded shite and converting to USDC.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81711 posts
Posted on 11/24/23 at 2:29 pm to
I thought we all learned the yield products are non sustainable and the majority of them are propped up as ponzis? Sure Coinbase is as legit as they come but how anyone would trust a yield product given what we saw in 2022 is insane.
Posted by Chorizo chang
Statesboro
Member since Feb 2022
662 posts
Posted on 11/24/23 at 3:37 pm to
Does anyone here have an opinion on Tangem wallet by any chance. I’ve trusted it so far with mid six figures in Eth, BTC, and Kaspa. Mainly due to it being highly recommended by the online Kas community as we are still waiting on Ledger support which I understand is well into development

I guess my question is if any of you believe to tech to be sound enough to keep my holdings there even when all my assets are viable on Ledger. I already have Ledger, Trezor, and Tangem products in my home fwiw

I do really enjoy the NFC enabled card wallet with two backup cards stored in multiple locations
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5424 posts
Posted on 11/24/23 at 4:34 pm to
You can get that rate on a cd. That’s what I would do with it
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 11/24/23 at 7:04 pm to
quote:

You can get that rate on a cd.


Explain to me why I would lock up my money in a CD? Give a serious answer or frick yourself.

Kthanks
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