January 9, 20241 yr 1 hour ago, gyroprotagonist said: anyone going to sell on the news? whales have not used all the billion from xmas and there was another billion started last week. there is money there to move the market up. question is whether whales dump after ETF announcement to load their bags again at lower level. Does not compute. My holdings are small enough that if BTC goes to a million, it would be a nice payday. Short of that, no real reason to sell.
January 9, 20241 yr yeah, i have different strategy (being generous here with that term) and probably more working altcoins than you just hodling BTC. if a bullrun is happening, i don't think whales will just shoot it off from the ETF. but rather looking to take profit on the announcement and buy back in to the market on the dip.
January 9, 20241 yr 25 minutes ago, gyroprotagonist said: yeah, i have different strategy (being generous here with that term) and probably more working altcoins than you just hodling BTC. if a bullrun is happening, i don't think whales will just shoot it off from the ETF. but rather looking to take profit on the announcement and buy back in to the market on the dip.
January 9, 20241 yr I’m in the category of buy and hold. Maybe check the price every few days. Trying to estimate the ups and down in a 24/7 market feels challenging.
January 9, 20241 yr but how else can i showcase the Dunning-Kruger effect to its full glory? some of the coins i have traded would/will never come back so long term holding is not an option. set stop loss and take profit on the way up. I am not even talking about memecoins which can be fun but everyone knows they will approach zero at some point.
January 9, 20241 yr SEC twitter today: Wi not trei a holiday in Sweeden this yer ? See the loveli lakes The wonderful telephone system And mani interesting furry animals Including the majestic moose A moose once bit my sister...
January 10, 20241 yr 14 hours ago, MonkeyDoughnut said: Gensler and everything he touches is a joke A lot of clowning on Gensler yesterday.
January 10, 20241 yr 45 minutes ago, Hal Finney said: A lot of clowning on Gensler yesterday. Just wondering who investigates and fines the SEC for market manipulation? I know they would come after my company if we did similar.
January 10, 20241 yr 9 minutes ago, MonkeyDoughnut said: Just wondering who investigates and fines the SEC for market manipulation? I know they would come after my company if we did similar. nobody. Looks like Gary didn't even have 2FA on the account. FWIW it looks like the hacker just posted the planned announcement early. Looks like legit what they would post.
January 10, 20241 yr Using Twitter to pump and dump crypto is like one of its core business uses right?
January 10, 20241 yr 54 minutes ago, Captainant said: Using Twitter to pump and dump crypto is like one of its core business uses right? feature not a bug.
January 10, 20241 yr 1 hour ago, Captainant said: Using Twitter to pump and dump crypto is like one of its core business uses right? The SEC? Do you even Gensler bro?
January 10, 20241 yr there is nothing more crypto twitter than getting your account hacked to defraud others out of their crypto. the SEC is soooo getting on board with this move.
January 10, 20241 yr Pretty fitting that the ETF likely to be approved on the 15th of my namesake's famous tweet. Of all the days.
January 11, 20241 yr SEC Commissioner Hester Peirce posted a note about the approval: https://www.sec.gov/news/statement/peirce-statement-spot-bitcoin-011023
January 12, 20241 yr Quote Vanguard’s decision to not offer its users access to bitcoin ETFs has sparked a backlash among some customers, who have decided to close their brokerage accounts and move their money to other platforms. ... Julian Fahrer, co-founder and chief executive at Apollo, a review platform for bitcoin-related products, said on X, formerly Twitter, that he requested to transfer his 401(k) account from Vanguard to Fidelity. “It took about 15 minutes,” Fahrer tweeted. ... Oher crypto enthusiasts expressed similar feelings on X. ... As investor interest in bitcoin ETFs appear to be high, financial institutions that don’t offer access to the trading of such products may suffer from user outflows, said Frank Corva, senior analyst for digital assets at comparison website Finder.com. “Financial institutions that ignore bitcoin and hinder their clients from getting access to the asset will likely be punished in the form of their clients moving their money to institutions that accommodate their desire to get exposure to bitcoin,” Corva wrote in emailed comments. https://www.marketwatch.com/story/vanguards-decision-to-shun-bitcoin-etfs-triggers-backlash-with-some-customers-moving-to-crypto-friendly-competitors-like-fidelity-06d8713b
January 12, 20241 yr My Merrill Lynch IRA gives me access to an uncountable number of ETFs but I don't see any of the new bitcoin spot price ETFs yet. If and when it's offered, I will put a small amount of my IRA into those ETFs, if only to signal my support.
January 12, 20241 yr Lulz maybe they don't want to give the air of credibility to what is purely speculative FOMO "line go up" instruments
January 12, 20241 yr 30 minutes ago, Captainant said: Lulz maybe they don't want to give the air of credibility to what is purely speculative FOMO "line go up" instruments My Vanguard account is just in vanilla retirement plan stuff, but I have a feeling if I asked they would offer self directed trading including options, triple inverse etfs etc. Can’t get much more speculative than those. Edited January 12, 20241 yr by Hal Finney
January 12, 20241 yr Just now, Hal Finney said: My Vanguard account is just in vanilla retirement plan stuff, but I have a feeling if I asked they would offer self directed trading including options, triple inverse etfs etc. Can’t get much more speculative than those options. Those options are at least still for an actual asset in the real world, and not just a ledger value recorded in a distributed digital blockchain. I don't entirely disagree with your "whatabout", but they're still pretty distinctly different in my mind.
January 16, 20241 yr Fuck it, I bought a little FBTC. I can’t wait to watch it go to zero and catch a bunch of knives along the way
January 16, 20241 yr 4 minutes ago, B00M said: Fuck it, I bought a little FBTC. I can’t wait to watch it go to zero and catch a bunch of knives along the way It's never going to anything close to zero.
January 22, 20241 yr On 1/16/2024 at 7:43 AM, B00M said: Fuck it, I bought a little FBTC. I can’t wait to watch it go to zero and catch a bunch of knives along the way double up to catch up
January 22, 20241 yr Bought the dip after it started dropping post ETF. Ain't gone up since then. Below $40K.
January 22, 20241 yr FWIW: https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/
January 24, 20241 yr A couple weeks ago, I finally sold out of one of my bitcoins on coinbase for two reasons: (1) to lock in a certain positive return from my 2017 complete dumb gamble and (2) to see if me selling actually meant I would get that cash in my real world account. I knew nothing about crypto in 2017 when I bought bitcoin and still know nothing about crypto but I do know that I like to make a small, stupid, high risk investment each year with a long holding period for said gamble. Even through all the ups and downs of this ridiculous investment, a piece of me always thought that when it was time to sell, coinbase would ask me for some password that I forgot to write down in some "wallet" or some other nerd term and I would get no money back. Well, that almost happened. Took me two weeks to prove who I am after having to take a pic with my drivers license and then a week later with my passport and my cash was restricted the whole time. I had to write on sticky notes what they told me to write like I was a hostage with today's date and Russell Crowe was coming to save me. Finally, yesterday I ended up on a three hour chat with some Indian customer service agent and thanks to Shiva and Ganesh, he unblocked my cash and I was able to successfully transfer those funds from my fantasy account at coinbase to a real bank today. Anyways, success. And let's keep taking bitcoin to the moon,whatever the fuck bitcoin is.
January 24, 20241 yr Those pain in the ass "know your customer" requirements are courtesy of the government. Coinbase implemented them a while back to stave off regulatory/legal liability (on that issue).
January 29, 20241 yr yep, it is becoming harder and harder to find CEX (as a US cit) that do not require KYC. I have not had issues with CB, but i doxxed myself to them a long time ago and bank transfers are usually pretty fast. I still get nervous when transferring crypto from a 'fly-by-night' CEX back into CB though. if you send something on the wrong chain it could be lost. I have been using Phemex and just saw some people get their withdrawal function frozen as they may be forcing KYC. I really don't care as i am not trying to cheat uncle Sam, but the fewer places that know of my info the better. Coinbase does not offer some of the coins i am trading in, so have to find other alternatives. CB also does not have the greatest fee structure.
January 30, 20241 yr A couple weeks ago, I finally sold out of one of my bitcoins on coinbase for two reasons: (1) to lock in a certain positive return from my 2017 complete dumb gamble and (2) to see if me selling actually meant I would get that cash in my real world account. I knew nothing about crypto in 2017 when I bought bitcoin and still know nothing about crypto but I do know that I like to make a small, stupid, high risk investment each year with a long holding period for said gamble. Even through all the ups and downs of this ridiculous investment, a piece of me always thought that when it was time to sell, coinbase would ask me for some password that I forgot to write down in some "wallet" or some other nerd term and I would get no money back. Well, that almost happened. Took me two weeks to prove who I am after having to take a pic with my drivers license and then a week later with my passport and my cash was restricted the whole time. I had to write on sticky notes what they told me to write like I was a hostage with today's date and Russell Crowe was coming to save me. Finally, yesterday I ended up on a three hour chat with some Indian customer service agent and thanks to Shiva and Ganesh, he unblocked my cash and I was able to successfully transfer those funds from my fantasy account at coinbase to a real bank today. Anyways, success. And let's keep taking bitcoin to the moon,whatever the fuck bitcoin is.My BIL killed with Cardano enough to buy a beach house. His story of what he had to go through to get that cash and ti verify it with his lender on the beach house was insane. I told him he should write a book.
January 30, 20241 yr On 1/24/2024 at 3:38 PM, Hornbeliever said: A couple weeks ago, I finally sold out of one of my bitcoins on coinbase for two reasons: (1) to lock in a certain positive return from my 2017 complete dumb gamble and (2) to see if me selling actually meant I would get that cash in my real world account. I knew nothing about crypto in 2017 when I bought bitcoin and still know nothing about crypto but I do know that I like to make a small, stupid, high risk investment each year with a long holding period for said gamble. Even through all the ups and downs of this ridiculous investment, a piece of me always thought that when it was time to sell, coinbase would ask me for some password that I forgot to write down in some "wallet" or some other nerd term and I would get no money back. Well, that almost happened. Took me two weeks to prove who I am after having to take a pic with my drivers license and then a week later with my passport and my cash was restricted the whole time. I had to write on sticky notes what they told me to write like I was a hostage with today's date and Russell Crowe was coming to save me. Finally, yesterday I ended up on a three hour chat with some Indian customer service agent and thanks to Shiva and Ganesh, he unblocked my cash and I was able to successfully transfer those funds from my fantasy account at coinbase to a real bank today. Anyways, success. And let's keep taking bitcoin to the moon,whatever the fuck bitcoin is. Yeah, just a couple years ago that could have been done in minutes, but now the government is protecting you from yourself. It'll get better again, but realistically I'm expecting that to be a decade or more. Other countries you can do all that from your phone as easy as ordering food.
January 30, 20241 yr 14 minutes ago, MonkeyDoughnut said: Yeah, just a couple years ago that could have been done in minutes, but now the government is protecting you from yourself. It'll get better again, but realistically I'm expecting that to be a decade or more. Other countries you can do all that from your phone as easy as ordering food. I don't think all of the hoops are due to govt influence. You need to remember all of your passwords and codes, as well as your 2FA options. If you used some old forgotten email address to register on the crypto sites, you need to update them.
January 31, 20241 yr On 1/22/2024 at 4:34 PM, bernorange said: FWIW: https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/
January 31, 20241 yr Hat tip on the new Autograph.io Surly sponsor being none other than Tom Brady's NFT startup (co-founder).
January 31, 20241 yr 20 minutes ago, david chaum said: (if you believe their financials) pretty incredible Yeah I mean as long as it’s not some colossal Ponzi scheme…
February 4, 20241 yr BTC_Havening.mp4 These guys got me feeling pretty damn positive about my crypto holdings. Them and me is brothers. We're the same. We're high. I'm fucking with you Dale. AMEN!! Edited February 4, 20241 yr by Blotto
February 4, 20241 yr I'm in. Where do I buy? And I presume the Superbowl is gonna be ate up with crypto commercials again?
February 4, 20241 yr 1 hour ago, Parliament said: I'm in. Where do I buy? ... Depends upon your interests/goals. https://www.pmbug.com/threads/crypto-101-how-to-get-started-when-you-know-nothing.6430/
February 5, 20241 yr 20 hours ago, bernorange said: Depends upon your interests/goals. https://www.pmbug.com/threads/crypto-101-how-to-get-started-when-you-know-nothing.6430/ Well it worked out so well for anyone who jumped in the last couple of superbowls, I'm sure the market needs more dumb new money to fund more exits
February 5, 20241 yr I don't always invest in risky new ventures, but when I do, it's because I watched Superbowl commercials. ~~~ In actual market news, GBTC outflows have slowed and net ETF volume is now on the buying side. Bukele was re-elected in El Salvador. Pro-Bitcoin policies and programs are likely to continue there over the next few years. Quote Crypto lender Genesis Global Capital, currently undergoing bankruptcy proceedings, has requested permission to sell trust assets worth approximately $1.6 billion. In a motion filed with the U.S. Bankruptcy Court in the Southern District of New York, the firm sought approval to sell assets held by Genesis, a subsidiary of the Digital Currency Group. The assets include shares of Grayscale Bitcoin Trust (GBTC) valued at around $1.4 billion, shares of Grayscale Ethereum Trust valued at about $165 million, and shares of Grayscale Ethereum Classic Trust valued at approximately $38 million ... https://cryptonews.com/news/genesis-seeks-green-light-from-bankruptcy-court-for-1-4-billion-gbtc-share-sale.htm?source=pmbug.com Pending the court decision, this could introduce some new selling pressure for GBTC if Genesis' holdings get liquidated.
February 5, 20241 yr 4 hours ago, bernorange said: I don't always invest in risky new ventures, but when I do, it's because I watched Superbowl commercials Exactly, when was the last time advertising ever worked
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