Bitcoin

SJ76 said:
I was told to buy bitcoin last week. Now I just have to figure out how and what I am doin
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It’s super easy. I recommend buying it from a major exchange and then moving it into a wallet. Let me know if I can help with a little advice.
 
HammerDown said:
It’s super easy. I recommend buying it from a major exchange and then moving it into a wallet. Let me know if I can help with a little advice.
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Do you keep yours in a “cold storage” wallet?
 
HammerDown said:
I wish I could but for now I use a hot wallet. The day I get back to the US I have a Trezor waiting on me!
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Haha. This is a perfect example of me knowing just enough to get me in trouble.

I’ve said before that one of my buddies has been BIG on Bitcoin going all the way back to when it was just a few grand. He’s done very well. Almost all of my knowledge comes from him (and now these threads) haha. He told me he took all his Bitcoin out of coin base and moved it to a “cold wallet”. He was explaining that it’s something like a 24 word password protected account that is not otherwise connected to the internet.
 
dbldwn711 said:
Haha. This is a perfect example of me knowing just enough to get me in trouble.

I’ve said before that one of my buddies has been BIG on Bitcoin going all the way back to when it was just a few grand. He’s done very well. Almost all of my knowledge comes from him (and now these threads) haha. He told me he took all his Bitcoin out of coin base and moved it to a “cold wallet”. He was explaining that it’s something like a 24 word password protected account that is not otherwise connected to the internet.
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Yeah, this is the very best way to own Bitcoin. His seedphrase now becomes his Bitcoin wallet! He truly owns it, no one can confiscate or steal it now.

Exchanges are just like fractional reserve banks, so if you leave your Bitcoin on Coinase, et al they will use it. They own it, not you.
 
HammerDown said:
@Dole ver 2.0 You were so active and vocal in the crypto thread but you don't have anything to say in the Bitcoin thread.

Your silence speaks volumes.

Are you learning about Bitcoin?
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LOL. I see you dropped the Crypto thread like a girlfriend with AIDS

I'm buying more stocks from high dividend payers. Buying the dip, you know.

I'll take up more research on Bitcoin when it collapses further.

I'll reread Yamamotos white paper.
 
Dole ver 2.0 said:
LOL. I see you dropped the Crypto thread like a girlfriend with AIDS

I'm buying more stocks from high dividend payers. Buying the dip, you know.

I'll take up more research on Bitcoin when it collapses further.

I'll reread Yamamotos white paper.
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I would have deleted that thread but it probably draws less attention alive than as a martyr.

Yea, please read Emperor Hirohito’s white paper.

Have you heard what the best-performing asset of the last decade is?
 
I find it sad that the official shitcoin of t'Nation, CRO has been abandoned for the OG crypto.

So many lost it all due to that financial advice.

No loyalty Hammer, no hodl.
 
Flavortown Tebow said:
I find it sad that the official shitcoin of t'Nation, CRO has been abandoned for the OG crypto.

No loyalty Hammer, no hodl.
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FWIW, I made so much in that last scalp of $CRO that I did, I’m profitable at anything over .188

I’d sell my last bag of it too but it’s staked.
 
HammerDown said:
FWIW, I made so much in that last scalp of $CRO that I did, I’m profitable at anything over .188

I’d sell my last bag of it too but it’s staked.
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Staked?
 
dbldwn711 said:
Staked?
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Yeah, staking is like a CD. You basically lend it to the network to secure and add liquidity and quicker resolution of transactions and in return there’s an earning yield in that same coin.

This is why many are rightly screaming for regulators to call cryptos what they are: securities.

Bitcoin is property.
 
Almost time to bust out my Cro card.
 
HammerDown said:
Yeah, staking is like a CD. You basically lend it to the network to secure and add liquidity and quicker resolution of transactions and in return there’s an earning yield in that same coin.
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Is that stated and detailed in the Crypto.com prosepectus?

(Note to Hammer: The above is sarcasm.)
 
Holy crypto limbo!

Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim's Minerd says

  • Bitcoin could drop further and fall to $8,000 from its current levels, predicted Guggenheim Chief Investment Officer Scott Minerd.
  • That would represent a more than 70% drop to Tuesday morning's price of just over $30,000.
  • If Minerd's forecast comes true, it would inflict further pain on bitcoin and the broader cryptocurrency market which has seen around $500 billion wiped off its value in the past month.
Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday.

That would represent a more than 70% drop to Monday morning's price of just over $30,000.

"When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive," Minerd told CNBC's Andrew Ross Sorkin in a "Squawk Box" interview at the World Economic Forum in Davos, Switzerland on Monday.

Minerd is referring to the U.S. Federal Reserve's hiking of interest rates and tightening of monetary policy.

Since falling below $30,000 earlier this month, bitcoin has struggled to rally substantially above that level. It has regularly dipped below $30,000.

If Minerd's forecast comes true, it would inflict further pain on bitcoin and the broader cryptocurrency market which has seen around $500 billion wiped off its value in the past month. Bitcoin is down around 24% in the last 30 days alone.
 
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