OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
I'm aware of that. When you said you were "bridging", that involves going from one network to another. In MetaMask, bridging to etherum network is expensive. I'm assuming you meant swapping DIMO to MATIC.
Ohhh I see. It was a little under $2 to get it from $matic to $usdc on Solana. Trying to bridge to $eth gives you a good idea of why people are using it less.
Swapping, sending or receiving on the Polygon network (to/from Coinbase at least) costs pennies and takes 10-15 minutes for the transaction to complete. I refuse to use the Ethereum network unless that is the only network to complete certain transactions (you can only send DIMO to Coinbase via Ethereum network, so I don't do that).
FYI - you guys totally lost me on such talk. I know how to buy crypto on Coinbase and Fidelity. That's about it right now, but I'm learning. LOL!
Money continues to pour in:
Despite a hotter-than-expected CPI, surging rates/dollar, and a considerable dip in most risk assets, BTC ETFs saw their second-highest day of net inflows with $631 million across all products. As discussed in yesterday's crypto comments video, given the current macro backdrop and persistent flows, the path of least resistance is higher in the near term.
Despite a hotter-than-expected CPI, surging rates/dollar, and a considerable dip in most risk assets, BTC ETFs saw their second-highest day of net inflows with $631 million across all products. As discussed in yesterday's crypto comments video, given the current macro backdrop and persistent flows, the path of least resistance is higher in the near term.
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two of the top BTC ETFs were the fastest inflows ever for an ETF to reach $1B surpassing GLD
Looks like HONEY just listed on Coinbase. DIMO and HNT are also both available. Any preferences among these 3?
Not $dimo, only trade that because it’s free. I think either of the other two
You know my stance. Just stack sats. Everything else is noise
Just another step in solidifying BTC into the mainstream.
For those that want to dip their toe in the "bitcoin" water, government recently approved EFT's. There are a few good ones, personally I prefer Fidelity's one which is FBTC. Read the prospectus before investing.
I had to look this up because I 100% thought it was a parody of some sort. After months of rallying against crypto and falsely claiming it increases come, funding to terror, etc. Senator Warren decided to honor the anonymous creator of Bitcoin for his contributions to society? Make it make sense.
BTC cyber hornets at work.
Bitcoin hitting 52.8k this am. The true inflows havent even begun yet. Supply shock is about 2 mos away with the halving. This year is going to be a fun ride.
Has anyone received the following email from CoinBase? Just trying to make sure it's not a scam asking for a government issued photo ID...
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I had to fill out those requests when I initially signed up for Coinbase, not since and I've been on Coinbase for several years.Has anyone received the following email from CoinBase? Just trying to make sure it's not a scam asking for a government issued photo ID...
Verify your info by March 23, 2024
Your account is missing some info that we need to comply with financial regulations. Please take a moment to verify your info today.
If you don't confirm by March 23, 2024 your account will be limited to withdrawals only.
Here’s what you need to verify
Once you’re ready, you can sign in to your Coinbase account to enter your info. For most customers, this takes less than 5 minutes. Learn more.
- Government-issued photo ID
- Latest version of the Coinbase app
Thanks, I've never verified through a government issues photo ID so that's probably why I received it.
I reactivated my COIN account a few weeks ago and had to verify via drivers license. Super easy and legit. Based on the Know Your Customer laws. I did it via their website to be sure.
Do any of you use Merrill Edge as your brokerage and can you buy any of the Bitcoin ETFs there?
I tried both the Fidelity ETF and the iShares ETF on Merrill Edge and both are blocked for purchase. I don't want to open a new brokerage just for this one ETF. Any ideas?
I tried both the Fidelity ETF and the iShares ETF on Merrill Edge and both are blocked for purchase. I don't want to open a new brokerage just for this one ETF. Any ideas?
I do. They aren’t offering it to the average person. I asked….
“Merrill is fairly risk-averse as a firm, so there are many considerations when determining which securities we allow general trading of. We can allow for trading of certain blocked ETFs, such as those we discussed today, if the following criteria are met:
- A total minimum networth of $10 million, verbally attested to
- Submit a completed Client Representation Letter, which would be provided
There's others just like this. They will cave in time
Someone very connected in the crypto world told me “mint this now, thank me later.” Armstrong also hints that it will have some future utility. My guess is it’s tied to Coinbase dropping a coin.
Keeping people in their ecosystem, rewarding their users, etc. The amount they make in fees is insane. Micro transactions on their wallet or anything else they develop are lucrative so finding a way to reward users makes sense.
when? when BTC is at $75k, $100k, $500k, $1M? All these Wall Street firms are taking the power away from people who want to improve their lives by taking a risk. Yes, they will all cave in time but they are making decisions on behalf of their clients that should be left up to the individual. These firms are setting themselves up for class action lawsuits.
Who knows. My guess is when the price is much higher. Or when enough people people together to create a social campaign negatively impacting those firms withholding. There wont be a suit. "they were looking in the best interest of their customers."
There will be a lot of people in the coming decade saying I wish I would have.. or I was going to buy at X amt, etc. I mentioned in a private chat, but I'll mention here. I've never been more bullish.
Platforms will change when they start losing customers to other ones (that are more open).
There’s just not enough coins to go around.
Is this in regard to BTC?
Josh Brown made a good point I never considered regarding scarcity.
If BTC is good, why not a BTC 2 that is even better? Or some other crypto that is also "scarce"?
Ya, if people really want in on crypto, there are plenty of avenue's to do so, and they will go there to do it.
This has already been tried many times and failed. Why would people that value BTC automatically value a copycat or something new in the same way? I don't think that's how human nature works.
That doesn’t just appear. It takes immaculate programming and time for people to see proof of concept and acceptance. It took years for BTC to get more widely accepted. Nothing wrong though with other choices for scarcity. Just think of gold, silver and platinum for scarcity though new sources are constantly found
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