I just bought $200,000 of Bitcoin

[Adumbration]

21 hours ago, happydreamer said:

There was someone on here a while ago that was asking about the Gemini Credit Card.  I received an email from them today that said I could apply and check if I qualified.  took about a minute to plug-in my data.  Was approved for 20K credit limit at 12.99% APR on the spot.  Go out there and see if you can apply if you're still interested.

I am very interested in this.  Did you use your Thailand address and contact details?

[happydreamer]

17 hours ago, Adumbration said:

I am very interested in this.  Did you use your Thailand address and contact details?

No.  Matter of fact if you try to redeem the claim from an IP outside the US it won't even let you on the page.  Use USA addy and details.  When the card arrives to my USA address I just have family mail it to me.

[Adumbration]

11 hours ago, happydreamer said:

No.  Matter of fact if you try to redeem the claim from an IP outside the US it won't even let you on the page.  Use USA addy and details.  When the card arrives to my USA address I just have family mail it to me.

I don't have US address....

[Firefan]

I just checked todays rates. You bought at what corresponds to USD 44k/BTC and as I type this it is a USD 41k/BTC so not much has changed (down 7% or so).

 

I am also in BTC and other coins, and wish you the best of luck. Consider putting your BTC with one of the platforms that pay interest for your BTC. THat can help off-set some of the downside, or boost profits. Like Youhodler, Nexo Etc. Cheers!

[Whale]

For the believers (like me): I saw something interesting this morning, I start my day a 6 a.m. with a coffee in bed watching the news and my favourite YouTube updates. One person I follow, is someone I have a lot of time for as his channel is technically based. CTO Larson.

 

He had a new video uploaded which suddenly disappeared. It's not in his uploads now either. Disappeared completely. The title was "Do not sell your bitcoin. Grayscale ETF to be approved next two weeks". 

Whether it does or not, or even if you think I have made this up. He would be one to follow if it turns out true. I am sceptical but I get so many things wrong in crypto so will be interesting to see if it plays out or not.

 

[lkn]

8 hours ago, Whale said:

The title was "Do not sell your bitcoin. Grayscale ETF to be approved next two weeks"

The SEC has rejected countless Bitcoin ETFs basically all with the same argument: The price of bitcoin is set on unregulated markets with no transparency and high likelihood of fraud. Therefore I don’t see the SEC allowing a bitcoin ETF before price of bitcoin was actually set on an exchange regulated similarly to how traditional securities exchanges are regulated.

 

But even if something has changed within the SEC, what is the chance a YouTuber learning about this two weeks before the rest of the market? That would be quite the failure in non-disclosure rules by those responsible for policing that kind of thing. 

[Pravda]

https://cryptobriefing.com/exxon-is-using-excess-natural-gas-to-mine-bitcoin/

[JackSinclair]

Local man has it sussed.....

 

 

Alternative download as Torrent =      Ch4.Unreported.World.2022.The.Crypto.Gold.Rush.1080p.HDTV.x265.AAC.MVGroup.org

 

 

[Skallywag]

"In the US, Bitcoin mining creates an estimated 40 billion pounds of carbon emissions. The proof of work mining requires a lot of computing power which uses amounts of electricity capable of powering countries".

 

Become an environmentalist and save the planet for future generations. 

Get rid of the crypto.

 

PM me and I'll sell you an NFT in exchange

[happydreamer]

https://www.wsj.com/articles/fidelity-to-allow-retirement-savers-to-put-bitcoin-in-401-k-accounts-11650945661

[dj230]

"It's a store of value "

 

https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html

[dj230]

El Salvador's bitcoin bond reportedly hasn't lured a single investor, and markets are bracing for a default on conventional debt

 

https://finance.yahoo.com/news/el-salvadors-bitcoin-bond-reportedly-141801552.html

[Whale]

Bitcoin down now at 30k, cryptos have tanked this last few days. 

 

Many think its because of the Luna stable coin crash. Would not want to be holding Luna a right now, crashed 85% since May 5.

[KannikaP]

On 3/19/2022 at 6:46 PM, Adumbration said:

I don't have US address....

Then you will not get a Gemini Credit Card.

[KannikaP]

On 4/7/2022 at 12:52 PM, JackSinclair said:

Local man has it sussed.....

 

 

Alternative download as Torrent =      Ch4.Unreported.World.2022.The.Crypto.Gold.Rush.1080p.HDTV.x265.AAC.MVGroup.org

 

 

When this woman said that Thailand was the No 1 tourist destination in the world.....I turned it off.

[gearbox]

58 minutes ago, Whale said:

Bitcoin down now at 30k, cryptos have tanked this last few days. 

 

Many think its because of the Luna stable coin crash. Would not want to be holding Luna a right now, crashed 85% since May 5.

Lol...how something can be called "stable" when going down 85% in a week ????

[SCOTT FITZGERSLD]

On 2/15/2022 at 9:07 AM, Pravda said:

The hedge funds will be pumping this worthless crypto to the moon

so you are more clever than those hedge funds?

soon you will lose half your investment.

sell it now and thank me later

[Onerak]

I would just say ouch.

[dj230]

8 hours ago, Whale said:

Bitcoin down now at 30k, cryptos have tanked this last few days. 

 

Many think its because of the Luna stable coin crash. Would not want to be holding Luna a right now, crashed 85% since May 5.

 

So much for stable coins, what a genius idea the big money did by having people stake their crypto, now they can’t even sell it while it’s crashing. 
 

At least they got 10% interest while losing 85% of their capital or it could be worse  

 

the ponzi is just starting to fall apart 

Edited May 11, 2022 by dj230

[FritsSikkink]

On 2/15/2022 at 7:07 PM, happydreamer said:

 Start at Coinbase if you're looking to learn more. ????

Great idea:

Coinbase warns users could lose their crypto holdings if the company goes bankrupt (msn.com)

 

'Crypto Winter' Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater (msn.com)

 

 

[Gecko123]

Bit(ter)coin

[dj230]

7 hours ago, FritsSikkink said:

Great idea:

Coinbase warns users could lose their crypto holdings if the company goes bankrupt (msn.com)

 

'Crypto Winter' Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater (msn.com)

 

 

yup, no insurance, once crypto exchange goes bankrupt your holdings are all gone, ponzi scheme

[SAFETY FIRST]

5 minutes ago, dj230 said:

yup, no insurance, once crypto exchange goes bankrupt your holdings are all gone, ponzi scheme

I had a few different coins invested with an Australian company 

 

Mycryptowallet 

 

The company went pear shaped and now the creditors are involved. 

 

I'm hoping they can retrieve some but doubtful. 

 

 

[dj230]

25 minutes ago, SAFETY FIRST said:

I had a few different coins invested with an Australian company 

 

Mycryptowallet 

 

The company went pear shaped and now the creditors are involved. 

 

I'm hoping they can retrieve some but doubtful. 

 

 

Hopefully you didn't have too much in there, good luck. 

If they filed for bankruptcy usually all their secured debt gets paid first and I think account holders are unsecured.

[Lacessit]

https://www.statista.com/statistics/326707/bitcoin-price-index/

 

https://www.gold.co.uk/gold-price/10-year-gold-price/

 

Between 2021 and 2022, gold lost 20% of its value, which it has now recovered.

 

In the same period, bitcoin lost 50% of its value, which it has not recovered.

 

Draw your own conclusions.

[Hamus Yaigh]

So that 200k in the o/p is now about 130k - hodl??

[SAFETY FIRST]

23 minutes ago, dj230 said:

Hopefully you didn't have too much in there, good luck. 

If they filed for bankruptcy usually all their secured debt gets paid first and I think account holders are unsecured.

I bought my first coins 2015, through coins.co.th. and they remain. 

 

My father passed in 2017, I received some money and invested a small amount with Mycryptowallet from the inheritance. 

 

At the time I was looking at transferring my coins from Thailand to Australia thinking it was a safer option, glad I didn't.

 

[Neeranam]

1 hour ago, SAFETY FIRST said:

I had a few different coins invested with an Australian company 

 

Mycryptowallet 

 

The company went pear shaped and now the creditors are involved. 

 

I'm hoping they can retrieve some but doubtful. 

 

 

Good luck, there was also one in NZ, the investors got their money back I heard. Cryptopia

[FritsSikkink]

3 minutes ago, Neeranam said:

Good luck, there was also one in NZ, the investors got their money back I heard. Cryptopia

What about Canadian QuadrigaCX, people got shafted for over 100 million.

[happydreamer]

Pure speculation here but I think this entire shakeout is contrived.  

 

My theory is that they want the retail hodl'rs  to dump their holding so that institutions can scoop it up at cheap prices and then be the ones in control of it.  Unlike paper money,  you can't make more BTC when it runs out.  If you take a look at who some of the largest holders of BTC are it's not YET all the institutions.  During this shakeout it causes people to panic sell flooding the market with assets.

 

There's a striking similarity between this and the Gold seizure of the Great Depression in the 1930 except since BTC is not controlled by any single government, its not ones country seizing it.  Its simply creating conditions that will cause the flood and then ultimately the buy up.  Doesn't mean its going to regain it's former prince tags...Curious to see what happens when it's institutionally owned