Bitcoin

dbldwn711 said:
I think Bitcoin, like all other investments, still has a ways to go before it bottoms out. Why? Bc that’s what the fed is trying to orchestrate. That’s not anything sinister. I just think that’s how they are combatting inflation. They won’t stop till we get a hard landing. I don’t see Bitcoin going below 8K. I’m not even sure it gets there but if it does I’ll buy some.

Someday bitcoin will decouple from the stock market meaning it’s performance won’t track that of the stock market but I think that’s years away from happening.
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CorpRebel said:
I keep trying to "wish it" to keep going down. Get down to $15K or below I'd buy one or two... Get down to under $10K , I'd buy 3-5.

But below $5K, I'd seriously consider getting 6+ BTC just on general principles!! :nod: :bitcoin:

But the BTC Gods keep on teasin me!! :rolleyes2:

:pop2::martini:
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I’m buying at $17,600 but it’ll likely go lower. I just know at that level I’m comfortable to buy more and immediately move it off the exchange.
 
dbldwn711 said:
Yes. At least that’s my understanding.

In fact, a fair amount of Bitcoin is “lost forever”
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well that is one drawback.
if I forget my password to my bank account. It is still my money.
 
HammerDown said:
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Those questions are related to KYC (Know Your Customer) regulations. Personally, I think it’s coming for Bitcoin as well. How they enforce it I have no idea. I get asked that question all the time at the bank. Each time the gal behind the counter sheepishly asks saying she has to. She immediately then smiles because she knows my answer is coming. I always say “I’m going to a casino to gamble”. One of the perks of living in Vegas. Haha.
 
HammerDown said:
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I dont know how Australia or where that guy is from works. I Dont have that issue.
If I want to pull 5k in cash. I do. If that did become a problem. You dont have to give a reason for closing an account. Just pull all of your money & tell that bank to fuck off.
Hell Mayfield does it all the time. LOL
 
dbldwn711 said:
Those questions are related to KYC (Know Your Customer) regulations. Personally, I think it’s coming for Bitcoin as well. How they enforce it I have no idea. I get asked that question all the time at the bank. Each time the gal behind the counter sheepishly asks saying she has to. She immediately then smiles because she knows my answer is coming. I always say “I’m going to a casino to gamble”. One of the perks of living in Vegas. Haha.
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It’s virtually impossible to buy non-KYC Bitcoin on American exchanges. There are some valid P2P options getting established as well as Bitcoin ATMs. The cost is 5-10% above spot and covers escrow. I got turned into one solution and a specific guy in Europe who is 100% reliable for 5%. I’ve just been hesitant because I already have USD on Coinbase Pro and I don’t see any benefit to mixing non-KYC Bitcoin with what I have now. In hindsight, I wish I had never registered on an exchange.
 
Schmoopy1000 said:
I dont know how Australia or where that guy is from works. I Dont have that issue.
If I want to pull 5k in cash. I do. If that did become a problem. You dont have to give a reason for closing an account. Just pull all of your money & tell that bank to fuck off.
Hell Mayfield does it all the time. LOL
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That is the exception, not the norm.
 
dbldwn711 said:
Those questions are related to KYC (Know Your Customer) regulations. Personally, I think it’s coming for Bitcoin as well. How they enforce it I have no idea. I get asked that question all the time at the bank. Each time the gal behind the counter sheepishly asks saying she has to. She immediately then smiles because she knows my answer is coming. I always say “I’m going to a casino to gamble”. One of the perks of living in Vegas. Haha.
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I wasn’t even thinking. I bet you have some very competitive Bitcoin ATMs in Vegas!
 
HammerDown said:
I wasn’t even thinking. I bet you have some very competitive Bitcoin ATMs in Vegas!
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vfx archives GIF
 
I gotta say, the longer this thread goes, the more it feels like some Amway shit. I never see any other people trying to sell me harder on something, with the only reasoning from what i can see is the more people that buy in is the more money for them. X, Y, Z, no matter what, that's what this is good for B,T,C. Oh, but it has a utility... good luck with that when we're all dead in 10 years (well me at least, I'm gonna be living it up).
 
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