Should be mentioned that with Dorsey as CEO, twitter performed pretty poorly, both in terms of the company generating earnings, as well as the stock price. I think Twitter needed a new leader as much as he was looking to focus on SQ.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
Hard to believe he was allowed to split time. With new focus on Block, looking forward to big things.
Really nice ETF for crypto companies:
www.morningstar.com
BITQ – Portfolio – Bitwise Crypto Industry Innovators ETF | Morningstar
BITQ Portfolio - Learn more about the Bitwise Crypto Industry Innovators ETF investment portfolio including asset allocation, stock style, stock holdings and more.
Timely article given the recent discussion. IMF saying the same thing: “lack strong operational, governance, and risk practices.” Stay away from YouTube and Social Media for crypto advice/research. They are all paid to pump.
www.cnbc.com
“A poll of 1,000 U.K. adults aged between 18 and 29 showed in July that 27% of them used credit cards to invest in meme crypto dogecoin, 17% used their student loan and 12% said they used other types of loans.”
“Social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation. Some influencers promote coins that turn out simply not to exist at all,” Charles Randell, chair of the FCA, said in a speech in September.”
“Kim Kardashian, a celebrity with more than 200 million Instagram followers, was paid to advertise a crypto token on her account earlier this year. Critics highlighted how few details were known about the developers of ethereummax, the currency that she advertised. “This is not financial advice but sharing what my friends told me about the ethereum max token!” the post from Kardashian read. She added different hashtags, including #ad, which is required to reveal that her post is paid for.
Three reasons the IMF is worried about cryptocurrencies
The IMF is concerned about cryptocurrencies, particularly because the market is growing at a significant pace.
“A poll of 1,000 U.K. adults aged between 18 and 29 showed in July that 27% of them used credit cards to invest in meme crypto dogecoin, 17% used their student loan and 12% said they used other types of loans.”
“Social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation. Some influencers promote coins that turn out simply not to exist at all,” Charles Randell, chair of the FCA, said in a speech in September.”
“Kim Kardashian, a celebrity with more than 200 million Instagram followers, was paid to advertise a crypto token on her account earlier this year. Critics highlighted how few details were known about the developers of ethereummax, the currency that she advertised. “This is not financial advice but sharing what my friends told me about the ethereum max token!” the post from Kardashian read. She added different hashtags, including #ad, which is required to reveal that her post is paid for.
Some previews and predictions for 2022!
www.cnbc.com
What the top crypto execs predict for the industry in 2022: Regulation and a Big Tech 'brain drain'
Some of the cryptocurrency industry's most influential executives told CNBC about their 2022 expectations.
Does anyone on here actually mine crypto? I'm pretty computer literate (HW & SW) but not sure if it's still a profitable pursuit.
It seems like you need a lot of computing firepower to mine BTC now. Perhaps some of the other coins are better for mining as a smaller scale?
My understanding was that you don’t get paid in cash.
Crypto.com Review: Trade, Earn Interest, And Pay With Crypto
Crypto.com is a cryptocurrency exchange that supports 90+ currencies, pays interest on crypto, and even offers a rewards card. Learn more!
thecollegeinvestor.com
Staking Coins To Earn Interest
Staking means that you lock your coins up for a period of time and, in exchange, earn interest on them. The rates that you’ll earn varies with the length of time your coins are staked. Interest is paid in the coin that you stake rather than in USD or other fiat money.Many crypto related projects and funds are going in the direction to raise funds.
Right, but when they say they pay “interest” it’s not paid in cash like traditional accounts. Unless I missed something.
For the ones I’ve seen you are correct. Paid in coins, additional payments for the amount of time staked, etc.
Thanks. But 14% in Bitcoin is 14% of an investment that would otherwise be sitting on Coinbase earning no money. And premise of crypto is that it should grow at a rate as great as dollar. So how does crypto.com generate funds to pay 14% interest?
In simplest terms, I believe it’s essentially short term lending for a fixed duration. Crypto.com uses your money/stake to make enough money to pay the “interest”. The issue is that you can’t sell during the time period you select so while you may get “interest” you are not able to liquidate, in case the market price of the lent digital assets plummet, as the coins will remain locked for the duration of the lending period. I’m no expert so I could be completely wrong, but the inability to liquidate is why I wasn’t enthralled with the 14%.
Thanks. I think some of my confusion is because I live in NY. Can’t get crypto.com and also can’t seem to stake in NY (which may be why I thought Coinbase wallet was dumb).
Every state but NY.
In which U.S. states the Crypto.com App is available? | Crypto.com Help Center
Find more information about where in the US you will be able to download the Crypto.com app.
It’s not 14% on everything, just specific small coins. They are currently giving 6.5% on btc, which is still pretty good. Sites that give you interest usually make a lot of sense if you’re a buy and hold investor. I say that because these high interest sites/apps usually have higher transfer/withdrawal fees. So if you’re constantly moving and trading coins, the interest might cancel out.
Other thing you have to sacrifice a bit is security. Not the safest wallet, but as long as you’re careful you should be good.
Either way, sure beats the .01% rate you get with your bank.
Other thing you have to sacrifice a bit is security. Not the safest wallet, but as long as you’re careful you should be good.
Either way, sure beats the .01% rate you get with your bank.
I have mined DGB in the past and currently have a rig mining ETH. Once ETH does their upgrade in to POS in 2022 (FEB I believe) I will shut the rig down.
You can go to whattomine.com and see the current profitability based on your HW config and what you are mining.
Strange Musk article = strikes me as a clear example of Musk’s lack of crypto knowledge especially on ETH, which is surprising for the Technoking and boss of the Master of Coin.
www.forbes.com
Elon Musk Reveals Bitcoin Creator Satoshi Nakamoto Theory, Admits He Doesnât âGetâ Ethereum And Issues Dogecoin Mars Prediction Amid Crypto Price Crash
Elon Musk, the Tesla billionaire who has both boosted and crashed the bitcoin price this year, has this year become the most influential man in crypto...
www.forbes.com
So it's a CD.......
Why change the name from a simple universally understood term?
Tell me again how they are revolutionary.......
CNBC had a 1 hour special last night, Crypto Night in America. It was quite good covering altcoins, NFT and the metaverse. The interviews were with solid crypto knowledge guys. What I took from it was they really like SOL, DOT, MATIC, going forward for 2022. They liked some others that were longer term too.
+1
They put on a real good show. A few people mentioned LUNA as well. Totally agree with SOL and DOT. We may see DOT overtake ADA soon as the DOT development team seems to be pulling ahead.
Yea, I didn't mention LUNA because you can't buy it on Coinbase.
Seems like Coinbase waits for the coin to level out before they add it
There are a bunch of crypto shows popping up on various networks. The issue I have is they seem to barely scratch the surface in terms of the technologies that underlie the coin projects and instead focus on stuff like trading charts, trends, volatility, etc. I’m not sure half these guys on these shows even understand what problems the coins are trying to solve. The fact that Musk recently admitted he didn’t understand ETH was scary considering how many people revere him as a crypto expert. These shows talk about coins like they are trading baseball cards.
The best source for in depth info is Guy at the Coin Bureau. Recent video on Chainlink (he has similar videos for all the main cryptos):
That's not how the show was presented last night. Good questions from the moderator and thorough answers from the guests.
Definitely more tech heavy than most crypto shows these days. BTW, and you know I’ve busted chops about Guy the Crypto Guy in the past, the issue with Guy is that he pretends he’s a hodler but he’s not. He sells at the top and buys back at the bottom on all these coins, rinse and repeat. In fact, the biggest indictment is that he apparently went on a massive selling spree in mid-May only days/hours before BTC and crypto collapsed. A coincidence? No chance. Then, he went on a buying spree in early June when crypto was down in the dumps. I’m not suggesting that’s different than a lot of insiders, other than the fact that he tends to push the coins in his portfolio (albeit with disclaimer) in his videos, says he’s a hodler, but then sells after the pump, buying back only after the dump. FWIW, Guy’s recent portfolio included Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), and Chainlink (LINK) which collectively accounted for about 80% of his total crypto holdings.
Here’s an excerpt about Guy. I’ll try and find the article where it addresses the fact that Guy got out before the major crash that took BTC down to $30K in May. Either he’s one lucky or smart bastard, or he’s one of the infamous whales.
2021 Returns
Bureau’s portfolio includes Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), and Chainlink (LINK) which collectively accounted for about 80% of his total crypto holdings. The remaining twenty percent consisted of yearn.finance (YFI), Injective Protocol (INJ), Avalanche (AVAX) Stellar (XLM) one-inch ren literary Cosmos Network (ATOM), and Dodo (DODO)
By mid-May he had taken significant profits on just about every coin and after ETH hit $4,000 and DOT after it hit $40. He also picked up some Solana (SOL) and bought the dip while doing research.
By the end of May, the USDC stablecoin made up more than 13 percent of Bureau’s portfolio. He chose USDC because he believed it is the most trustworthy stablecoin on the market.
Later, in early June, the crypto market was looking pretty bad due to market manipulation. It’s time to buy the dip
Don't care in any way what he does and what he owns. The videos are incredibly well done and detailed. Obviously, there is a full team that writes and produces the content.
FYI, on his holdings (good transparency):
As always fellas, thank you for the info. I enjoy reading/viewing these posts! As a newbie to crypto its nice to see!
I’m far more skeptical of these guys but if you are making $$$ and having fun that’s the key. The way I see it, they are writing/producing the content because they (1) make money off every YouTube sub, (2) make money off click-bait, and (3) can pump the living heck out of their own crypto holdings. If Guy wants to impress I’d like to see a video from mid-May when he tells everyone to sell because a massive down swing was imminent. Unless I missed it, I’m not aware of any such video. why not warn his subscribers if he was selling off his holdings - that’s real transparency.
