Exactly, or just hold your own wallet.Even in this bizarro and highly unlikely scenario, you are talking about a couple weeks without access. Not a big deal in the grand scheme.
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Exactly, or just hold your own wallet.Even in this bizarro and highly unlikely scenario, you are talking about a couple weeks without access. Not a big deal in the grand scheme.
It’s called cold storageGood essay on what is seen as major flaw in cyber-accounting based on janky electric grids increasingly under attack (as even ineffective US agencies describe). I remember when NYSE went down for half a day and a "faulty processor" was blamed (laughable excuse).
"When the grid fails, what happens to your Bitcoin."
" Imagine: Bitcoin shoots up to a million dollars. You’re a zillionaire! Uh Oh. . . somewhere outside Zaneseville, Ohio, a squirrel takes a final chaw through some old insulation on a wire coming out of a transformer. His head blows up in a blue arc flash, and in a few seconds all the electricity goes out from Chicago to Boston. It turns out that seventeen substations in ten states have blown relays, transformers, and switchgear. Some of those components were forty years old and are now manufactured twelve thousand miles away in a country that doesn’t like us anymore. The replacement parts get held up in a Chinese port. The power doesn’t come back on for weeks. Nobody who lives in the eastern USA can get to his Bitcoin wallet, which is just a virtual entity made of computer code residing in a digital “cloud,” i.e., nowhere real."
Yes, I bought more NEAR this morning.Buyable dip yet?
I have a new ledger arriving today. This is my “taking profits” ledger. More of a psychological thing but will set it up, connect to nothing then store it away. I’ll send realized profit in usdc and btc that won’t be redeployed into the market.Ding ding ding
Staking revenue with an ETH ETF would be a game changer! Crypto dividends. LOL.More signs that Coinbase is going to win their case against the SEC…
FYI, Coinbase has been staking Ethereum and Solana along with some other coins for quite awhile. The only issue was you had a 2 week lag period if you wanted to unstake your Ethereum.Staking revenue with an ETH ETF would be a game changer! Crypto dividends. LOL.
I thought NJ banned staking?FYI, Coinbase has been staking Ethereum and Solana along with some other coins for quite awhile. The only issue was you had a 2 week lag period if you wanted to unstake your Ethereum.
I thought NJ banned staking?
That’s right. If you already staked, you were allowed to continue it not add any new stakingI thought NJ banned staking?
Well deserved!25 years for SBF. Nature is healing…
bullshit. He should have gotten longer. He bribed politicians and willingly defrauded millions, then proceeded to circumvent the law.Well deserved!
I don't know. 25 years for a non-violent crime is pretty tough. More would have been fine, but this wasn't a slap on the wrists.bullshit. He should have gotten longer. He bribed politicians and willingly defrauded millions, then proceeded to circumvent the law.
I don't know. 25 years for a non-violent crime is pretty tough. More would have been fine, but this wasn't a slap on the wrists.
I was staked in ATOM, and this was the deal for a month or two, and then I stopped receiving the staking yield. I de-staked.That’s right. If you already staked, you were allowed to continue it not add any new staking
Weilding influence is not a crime.Dude attempted to wield influence over 50% of EE's in the country. And defrauded millions of people and tried to usurp the legal process. Sorry, he's a POS who deserves more.
NJ's argument is probably.....we are too stupid to understand staking, so nobody is allowed to do it.I was staked in ATOM, and this was the deal for a month or two, and then I stopped receiving the staking yield. I de-staked.
Do we know NJ's argument against staking?
I was staked in ATOM, and this was the deal for a month or two, and then I stopped receiving the staking yield. I de-staked.
Do we know NJ's argument against staking?
NJ's argument is probably.....we are too stupid to understand staking, so nobody is allowed to do it.
The crypto market has been pretty chill for the past few days. I have several open buy orders awaiting the next dip. :)
Sounds like COIN is giving the SEC and NJ the middle finger. Lots of indications that COIN will beat the SEC in the court case.Coinbase facing state, federal actions over crypto staking program (updated)
New Jersey's Summary Cease and Desist Order calls for a $5 million penalty against the cryptocurrency asset trading platform for the sale of unregistered securities.njbiz.com
Sure hope nobody invents a way to short BTC (or have they😏?).🧅😂🤷♂️🤔 Bubble-bursting has historically made some of the biggest fortunes.Where are those idiots who were calling btc to go to zero? lol
You can short BTC and other cryptos on Coinbase. This is via futures trading and is rather clumsy (but it's something). You can also quasi-short BTC by shorting or buying puts for Microstrategy. That's probably a better way option.Sure hope nobody invents a way to short BTC (or have they😏?).🧅😂🤷♂️🤔 Bubble-bursting has historically made some of the biggest fortunes.
Plenty of places to short it. It’s been a painful strategy over the last year or so. Its time will come again, but certainly not something I’d try to time. Much more enjoyable to make the money on the way up.Sure hope nobody invents a way to short BTC (or have they😏?).🧅😂🤷♂️🤔 Bubble-bursting has historically made some of the biggest fortunes.
To your point (link below)…. I also remember talk of shorting $coin either here or in the Stock thread several months ago. That too has been a painful endeavor to this point.You can short BTC and other cryptos on Coinbase. This is via futures trading and is rather clumsy (but it's something). You can also quasi-short BTC by shorting or buying puts for Microstrategy. That's probably a better way option.
I considered shorting COIN via puts. Luckily i did not.To your point (link below)…. I also remember talk of shorting $coin either here or in the Stock thread several months ago. That too has been a painful endeavor to this point.
MicroStrategy most squeezable as crypto short interest climbs
Short interest in cryptocurrency stocks has surged, putting bitcoin miners MicroStrategy (MSTR), Coinbase Global (COIN) at risk of a short squeeze. Read more here.seekingalpha.com
SOL back over $200 and BTC over $70K. After a few weeks of consolidation, is the market getting ready for the next pump?To your point (link below)…. I also remember talk of shorting $coin either here or in the Stock thread several months ago. That too has been a painful endeavor to this point.
MicroStrategy most squeezable as crypto short interest climbs
Short interest in cryptocurrency stocks has surged, putting bitcoin miners MicroStrategy (MSTR), Coinbase Global (COIN) at risk of a short squeeze. Read more here.seekingalpha.com
The longer the consolidation, the more violent the move up. It seems to be closeSOL back over $200 and BTC over $70K. After a few weeks of consolidation, is the market getting ready for the next pump?
If those morons HODL, it would help close the deficit in a few years. :)Paperhanded US government killed the party…
They are beyond a joke at this point. Can’t even get a clear pump and dump charge to stick…Coinbase win again. One case down, one more to go (versus the SEC):
I’ll make an unpopular call that the all-time high for BTC will not be higher than 150K…and if it ever hits 150K look out below! And on a related note, Anthony Scaramucci is going to have to get a real job someday!Plenty of places to short it. It’s been a painful strategy over the last year or so. Its time will come again, but certainly not something I’d try to time. Much more enjoyable to make the money on the way up.
Would love to hear what your basing your call on.I’ll make an unpopular call that the all-time high for BTC will not be higher than 150K…and if it ever hits 150K look out below! And in a related note, Anthony Scaramucci is going to have to get a real job someday!
So it won’t go up by more than 115%, but if it does it will then go down. Sounds like you’ve got all of the bases covered with thisI’ll make an unpopular call that the all-time high for BTC will not be higher than 150K…and if it ever hits 150K look out below! And in a related note, Anthony Scaramucci is going to have to get a real job someday!
Is BTC worth $3 trillion to you? In the long run it is likely worth nothing.Would love to hear what your basing your call on.
I gave it some room to run due to ample liquidity and FOMO running rampant allowed it to achieve ATHs. I honestly think it will take many years to hit 150K if it ever does at all however.So it won’t go up by more than 115%, but if it does it will then go down. Sounds like you’ve got all of the bases covered with this
What do you think it will hit this cycle?I gave it some room to run due to ample liquidity and FOMO running rampant. I honestly think it will take many years to hit 150K if it ever does at all.
More. A lot more. We're just scratching the surface of institutional investment. Between the ETF's, halving, and the upcoming FASB accounting change we've only scratched the surface.Is BTC worth $3 trillion to you? In the long run it is likely worth nothing.
... suddenly is coming. 250-450k would NOT surprise me this upcoming cycle.What do you think it will hit this cycle?