Official Bitcoin Thread

[D Double]

Got a letter in the post about Celsius Claims Processing.
At least its looking like there's a chance I'll get a fraction of my 0.27 ETH in about 7 years.

 

[Air Champa]

Just dollar cost averaging into eth and a few others for the foreseeable future. Kinda soured on bitcoin. I get hardcore libertarians and people with V For Vendetta avatars love it, but I don't see mass adoption happening.

I'm to the point I just assume anyone in defi is a scumbag.

 

[mplsdunk]

Got my letter from Celsius and now it’s in the trash can.

 

[superantigen]

I don’t think Coinbase or binance will go under.

...

 

[mplsdunk]

At that point it’s a wrap anyways so I’ll go down with the ship.

 

[cubanref]

 

[ogbobbyjohnson773]

Got my letter from Celsius and now it’s in the trash can.

 

[johnnyredstorm]

Self custody
Self staking
Self discipline

 

[360waves]

Binance bankrun. Protect yourself

 

[pwguy]

Binance bankrun. Protect yourself

Why? What's the new news?

 

[360waves]

Why? What's the new news?

https://www.reuters.com/technology/binance-sees-withdrawals-19-billion-last-24-hours-data-firm-nansen-says-2022-12-13/?utm_source=reddit.com

I think there’s some concerning reports about Binances unreported liabilities. People are smartening up and withdrawing their crypto/money from exchanges.

 

[pwguy]

Thanks. Yeah, makes sense. I only keep minimal funds on there until it can be withdrawn (due to the hold period after purchasing with ACH). I actually prefer Binance to other exchanges. Coinbase Pro was the only other valid backup. Coinbase (not Pro) has such high fees I refuse to use it. Not sure what the current fees are now that it combined with Pro. What other exchanges are people using with low fees? Using software wallets to purchase is a ripoff, and with zero ETH & BTC fees it's quite nice.

 

[fluid hips]

https://www.reuters.com/technology/binance-sees-withdrawals-19-billion-last-24-hours-data-firm-nansen-says-2022-12-13/?utm_source=reddit.com

I think there’s some concerning reports about Binances unreported liabilities. People are smartening up and withdrawing their crypto/money from exchanges.

Not surprising. SBF's arrest yesterday probably made more people aware of what's going on in the crypto space that they were oblivious to

 

[pwguy]

Not surprising. SBF's arrest yesterday probably made more people aware of what's going on in the crypto space that they were oblivious to

I'm certain that's it....Old news to us, but now a much broader reach no doubt that created add'l FUD.

 

[Air Champa]

From a billionaire to prison. Dude's gonna hang himself like Epstein.

Not that I care. Too bad more scumbags don't get taken down like this.

 

[stuntman mike]

that prison looks horrible too.
good for him.

if binance goes down, nt crypto meet up at the food bank

 

[essential1]

My post November 15th last month

Coinbase playing Sole Survivor by Jeezy.

 

[D Double]

that prison looks horrible too.
good for him.

if binance goes down, nt crypto meet up at the food bank

Already had to sell off my Mclaren and G-Wagen because of FTX






Binance goes down and I'll be back to my Toyota Corolla.

 

[Air Champa]

I'm kinda torn on how I feel about laughing at someone else's misfortune unless they're a real scum

I do understand people laughing at crypto bros though. My God are these people obnoxious.

 

[1c3m4m]

Do you guys seeing btc going any lower

 

[gotjz]

Do you guys seeing btc going any lower

Could always go lower…no one knows. But with all macro factors that’s happened in last 12 months, it’s a favorable/more probabilistic bet to be on the long side. Regulations are prob near, bullish catalyst for BTC

Short answer is this range may be as low as it gets…(dif between 13K and 19K is negligible on larger time frame)

 

[dblplay1212]

Could always go lower…no one knows. But with all macro factors that’s happened in last 12 months, it’s a favorable/more probabilistic bet to be on the long side. Regulations are prob near, bullish catalyst for BTC

Short answer is this range may be as low as it gets…(dif between 13K and 19K is negligible on larger time frame)

I wouldn't say a 30% cost difference is negligible. You can buy more at 13k than you can at 19k and that quantity held difference really shows up as it rises in price. If you start with a 13k budget, you can buy one full coin at 13k. If it's 19k, you can buy .7% of a coin. Now do the math and see the difference in btc hits 200k next cycle. You're talking 200k vs 140k. Still negligible?

 

[Air Champa]

Not sure the odds of this passing but....

US Senators Warren, Marshall Introduce Digital Assets Anti-Money Laundering Bill

The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.

www.coindesk.com

 

[JL415]

 

[Air Champa]

Dude sounds like he lives in a Bitcoin echo chamber.

Something else to consider.