OT: Bitcoin, Altcoins, NFT's & All Things Crypto

[RU05]

Binance holds an ownership stake in Forbes and is probably pulling the strings to soften Forbes stance on this as they're probably playing similar games with their own coin, and stablecoins.

Does multiple "probably's" up the probability of something being actual? Or lower it?

 

[bob-loblaw]

Here's a really good podcast on the state of btc if anyone is interested


And here's this week's onchain report
Video:


Link

https://insights.glassnode.com/the-week-onchain-week-48-2022/

 

[Rutgers Chris]

This is a nice way to onboard

 

[bob-loblaw]

This thread sums up my feelings pretty well on SBF. Dont know the author, but he's spot on here in a lot of what s/he says

 

[RUfromSoCal?]

when you dig just a LITTLE.. it's amazing how many people were shouting it.....




you can now tell me how this is different than all "that".....

to me... great warning....
what was SUPPOSED to simply be an alternate medium of exchange is only interesting because it is not a medium of exchange-- just a "cool black box" that some people (mostly not you) have said is a cool black box...

 

[RUfromSoCal?]

is this the same guy as last week or a new guy?....I can't keep track..

Back in my day... Billionaires didn't die so often...

 

[MoreCowbellRU]

is this the same guy as last week or a new guy?....I can't keep track..

Back in my day... Billionaires didn't die so often...

And in the same product space. Guys need better helicopter maintainence.

 

[RUfromSoCal?]

unconfirmed... seems accurate tho.

 

[bob-loblaw]

unconfirmed... seems accurate tho.

Legit. He's been arrested. Step 1

 

[bob-loblaw]

To those with assets on Binance, yo may want to get those off their asap.

 

[RUfromSoCal?]

To those with assets on Binance, yo may want to get those off their asap.

if you can

 

[T2Kplus20]

To those with assets on Binance, yo may want to get those off their asap.

Isn't Binance illegal/blocked in the US? I have to be honest, got rid of the small amount of my remaining crypto a while back and moved the cash out of COIN. I will use Fidelity or Grayscale when I jump back in. I don't trust any exchanges and too lazy to hold myself.

 

[RUfromSoCal?]

Isn't Binance illegal/blocked in the US? I have to be honest, got rid of the small amount of my remaining crypto a while back and moved the cash out of COIN. I will use Fidelity or Grayscale when I jump back in. I don't trust any exchanges and too lazy to hold myself.

nothing wrong with this approach (IMO). I agree, if you don't want to learn cold wallets/storage, i wouldn't trust exchanges for any real value (small amounts that you can live with fine). [and I even have real questions about long-term storage of cold wallets]

 

[T2Kplus20]

nothing wrong with this approach (IMO). I agree, if you don't want to learn cold wallets/storage, i wouldn't trust exchanges for any real value (small amounts that you can live with fine). [and I even have real questions about long-term storage of cold wallets]

Good grief. COIN may be the only big exchange left standing.

 

[RUfromSoCal?]

Good grief. COIN may be the only big exchange left standing.

amazing how when you give largely unmonitored individuals, nearly unlimited access to near limitless cash belonging to other people, things often go wrong..

 

[T2Kplus20]

amazing how when you give largely unmonitored individuals, nearly unlimited access to near limitless cash belonging to other people, things often go wrong..

Just being patient as the dust settles. If Binance goes down, or is compromised, I assume we will have another significant drop. I have cash waiting.....

 

[xWVU2010x]

Good grief. COIN may be the only big exchange left standing.

Its almost as if the crazy fees are there for a reason...

 

[bob-loblaw]

Isn't Binance illegal/blocked in the US? I have to be honest, got rid of the small amount of my remaining crypto a while back and moved the cash out of COIN. I will use Fidelity or Grayscale when I jump back in. I don't trust any exchanges and too lazy to hold myself.

Binance.us is their US exchange.

 

[bob-loblaw]

Just being patient as the dust settles. If Binance goes down, or is compromised, I assume we will have another significant drop. I have cash waiting.....

Perhaps. Again, I'm focused solely on Bitcoin here, but flushing out the sites that allow for over leveraged btc is a good thing in the long term. I don't think Binance is going anywhere, BUT I wouldnt be Isurprised if the US govt shut down their US exchange (if even possible)

I've pivoted over to Strike for all bitcoin purchases. No fee. No withdrawal fee. And one of the few places where I can hold $0 USD on an exchange and quickly send dollars to fund my account via Chase in real time. Their exchange spot price trends higher than the other major exchanges, but it's not terrible.

I was using Gemini Advanced Trader for a while, but I find the delays in receiving USD and withdrawing to be unnecessary.

 

[T2Kplus20]

Perhaps. Again, I'm focused solely on Bitcoin here, but flushing out the sites that allow for over leveraged btc is a good thing in the long term. I don't think Binance is going anywhere, BUT I wouldnt be Isurprised if the US govt shut down their US exchange (if even possible)

I've pivoted over to Strike for all bitcoin purchases. No fee. No withdrawal fee. And one of the few places where I can hold $0 USD on an exchange and quickly send dollars to fund my account via Chase in real time. Their exchange spot price trends higher than the other major exchanges, but it's not terrible.

I was using Gemini Advanced Trader for a while, but I find the delays in receiving USD and withdrawing to be unnecessary.

I signed up for the new Fidelity crypto platform. It will only trade BTC and ETH, but that’s fine with me!

 

[Scarletnut]

Danske Bank pleads guilty to massive fraud to DOJ, forfeits over 2 billion dollars. Posted just as an example that money laundering and fraud is far worse in fiat currencies (mostly US dollars) than any crypto fraud. I didn't expect any crypto naysayers to mention this.

 

[bob-loblaw]

A post from Dylan Leclair on Twitter, who has been spot on going back to May with all the contagion posts.

 

[RUfromSoCal?]

 

[RUTGERS95]

Danske Bank pleads guilty to massive fraud to DOJ, forfeits over 2 billion dollars. Posted just as an example that money laundering and fraud is far worse in fiat currencies (mostly US dollars) than any crypto fraud. I didn't expect any crypto naysayers to mention this.

always agreed with this but binance going down which will bring btc close to 10k imho

 

[RU05]

always agreed with this but binance going down which will bring btc close to 10k imho

I dunno, BTC has handled this FTX collapse pretty well.

 

[RUTGERS95]

I dunno, BTC has handled this FTX collapse pretty well.

Was down to 15s...I dont think it's done anything well. By design, it should be much higher but it's dead cat bouncing here

 

[RU05]

Was down to 15s...I dont think it's done anything well. By design, it should be much higher but it's dead cat bouncing here

Was 15, now is 18, as I said it shook off the FTX collapse pretty well.

 

[T2Kplus20]

Was 15, now is 18, as I said it shook off the FTX collapse pretty well.

I read an article/analysis that $14-15k is a hard floor for BTC due to the amount of coins being held in cold storage. Obviously, this can change and people can move these coins, but the effort is a lot more and these owners have shown a high level of commitment to BTC (i.e., the true believers). We shall see!

 

[RU05]

I read an article/analysis that $14-15k is a hard floor for BTC due to the amount of coins being held in cold storage. Obviously, this can change and people can move these coins, but the effort is a lot more and these owners have shown a high level of commitment to BTC (i.e., the true believers). We shall see!

The holders help, but not sure why they would help set a floor at a certain level. Need buyers to jump in at those levels.

 

[T2Kplus20]

The holders help, but not sure why they would help set a floor at a certain level. Need buyers to jump in at those levels.

I think it is a supply and demand issue. Of course, if demand evaporates there will be consequences, but I think the article assumed demand staying at reasonable levels.

 

[Rutgers Chris]

A post from Dylan Leclair on Twitter, who has been spot on going back to May with all the contagion posts.

I wonder if any banks are considering acquiring Binance. That would be a fascinating next step

 

[RUfromSoCal?]

I dunno, BTC has handled this FTX collapse pretty well.

I think we are FAR from over this......... in a world used to microsecond results - the fact is US regulators are taking their time... the real hammer is coming..

and when the deep money starts to feel that there's too much risk at being held accountable - that's when we see who really is the "true believers" and who is just chasing profit...

 

[RUfromSoCal?]

I wonder if any banks are considering acquiring Binance. That would be a fascinating next step

US?
zero.

 

[RUTGERS95]

Was 15, now is 18, as I said it shook off the FTX collapse pretty well.

Lol. Ok

 

[RUTGERS95]

I wonder if any banks are considering acquiring Binance. That would be a fascinating next step

Not a chance any us. Government getting set to go after crypto

 

[RU05]

I think we are FAR from over this......... in a world used to microsecond results - the fact is US regulators are taking their time... the real hammer is coming..

and when the deep money starts to feel that there's too much risk at being held accountable - that's when we see who really is the "true believers" and who is just chasing profit...

Isn't regulation now seen to be a good thing?

But I just meant the price action after the FTX collapse, which one would think would scare a bunch of people away. My thought is those that were to be scared off, were already long gone, perhaps once it crashed through 30K(that's when I go out).

Seems the BTC community was pretty defiant on that news. And the mantra on the aftermath has been, get out of junk coin, and buy more BTC.

 

[RU05]

Lol. Ok

Fascinating, I never thought of that.

 

[RUTGERS95]

Fascinating, I never thought of that.

no wonder really, given your analysis of this is pretty much off.

 

[RUfromSoCal?]

Isn't regulation now seen to be a good thing?

But I just meant the price action after the FTX collapse, which one would think would scare a bunch of people away. My thought is those that were to be scared off, were already long gone, perhaps once it crashed through 30K(that's when I go out).

Seems the BTC community was pretty defiant on that news. And the mantra on the aftermath has been, get out of junk coin, and buy more BTC.

not the same.

Zero indication the US is going to be interested in "regulating synthetic". In fact, even less interested in it today than they were pre-election when Sam was spreading cash.

Enforcement of wire-fraud and money laundering law is not the same as the "regulation" people are looking for.

 

[RU in IM]

All the hodlers of Tesla taking it on the chin as Elon sells another $3.6 billion this week. I actually bought some this morning as the price is finally becoming somewhat reasonable.

Meant to post in stock thread, sorry!!