Is anyone else starting to become a bit excited?

Bob24

J Powell actually joined the BTC/gold debate today :-) Talking about Bitcoin he just said “It is essentially a substitute for gold rather than the dollar”.

https://www.marketwatch.com/story/feds-powell-says-bitcoin-is-more-of-a-substitute-for-gold-than-the-dollar-11616424786

Room1o1

Bob24 wrote: »

J Powell actually join the BTC/gold debate today :-) Talking about Bitcoin he just said “It is essentially a substitute for gold rather than the dollar”.

https://www.marketwatch.com/story/feds-powell-says-bitcoin-is-more-of-a-substitute-for-gold-than-the-dollar-11616424786

Thanks, he also quoted "Crypto assets are highly volatile — see Bitcoin — and therefore not really useful as a store of value. They’re not backed by anything. They’re more of an asset for speculation,” Powell said


It is backed by the proof of work though

BrandonBay86

Another 500,000 Satoshis thrown into cold storage for a few years.

EagererBeaver

BrandonBay86 wrote: »

Another 500,000 Satoshis thrown into cold storage for a few years.

Are you going to announce it every week?

Crush On You

Looking to diversify my portfolio (from BTC). Would people throw a bit of money on Chainlink, Cardano or Ethereum? Or have I missed the boat on these?

bfa1509

What's causing this correction?

cnocbui

Volumes aren't very high so it's possibly some silly reaction to Powel blowing air. It's hardly a correction, just an ordinary day for BTC.

cnocbui

Give it a day or two for a decen't number of Turks to get registered on exchanges and I wouldn't be surprised to see a bit of a spike as they seek protection from their mad leader and his economic follies.

makeorbrake

bfa1509 wrote: »

What's causing this correction?

All of these gamblers with their leveraged up positions need to be cleared out periodically....and that's a good thing.

Irish_rat

bfa1509 wrote: »

What's causing this correction?

What correction? Theta in the top 10

BrandonBay86

EagererBeaver wrote: »

Are you going to announce it every week?

More than likely.

Lex Luthor

Irish_rat wrote: »

What correction? Theta in the top 10

mwah haha ha

Donegal1234

Irish_rat wrote: »

What correction? Theta in the top 10

Just checked on CoinGecko up over 18,000% since this time last year. Nice gains for anybody who bought cheap.

Lex Luthor

Donegal1234 wrote: »

Just checked on CoinGecko up over 18,000% since this time last year. Nice gains for anybody who bought cheap.

this post never ages

https://www.boards.ie/vbulletin/showpost.php?p=114404926&postcount=4365

Donegal1234

Lex Luthor wrote: »

this post never ages

https://www.boards.ie/vbulletin/showpost.php?p=114404926&postcount=4365

Well played lex. Are you still holding our have your sold your bags.

cravings

cravings wrote: »

Converting it to anything else counts as a disposal and is taxable.

Can I clarify this; does converting from BTC to ETH count as a taxable event?

[Deleted User]

[Deleted User] wrote: »

Can I clarify this; does converting from BTC to ETH count as a taxable event?

Yes, you've converted one asset to another

dougal0691

[Deleted User] wrote: »

Can I clarify this; does converting from BTC to ETH count as a taxable event?

yes, the only conversion that is not taxable is the initial one from euro to whatever you are buying.

hello2020

i m a new to this and want to start with couple of grands buying Crypto. which platform should i use to start with? which currency to pick for this small amount? is Coinbase or Uphold good places to start with?

olestoepoke

hello2020 wrote: »

i m a new to this and want to start with couple of grands buying Crypto. which platform should i use to start with? which currency to pick for this small amount? is Coinbase or Uphold good places to start with?

I started on Coinbase and quickly switched to Binance and it had more selection, then I ended up opening accounts at Hoo, Bitforex and a few others searching for some obscure tokens/coins. BTW Bilaxy are a robbing shower of so an so's.

Unearthly

Binance for me. Free Sepa deposits, large selection of coins, reasonable fees.

Timmaay

That poster must be onto their 10th lambo by now ha

tcawley29

Timmaay wrote: »

That poster must be onto their 10th lambo by now ha

Oh nice, I'm featured in a screenshot :pac:

yabadabado

olestoepoke wrote: »

I started on Coinbase and quickly switched to Binance and it had more selection, then I ended up opening accounts at Hoo, Bitforex and a few others searching for some obscure tokens/coins. BTW Bilaxy are a robbing shower of so an so's.

What happened with Bilaxy?

I was looking at their site recently and it looked dodgy as **** .

olestoepoke

yabadabado wrote: »

What happened with Bilaxy?

I was looking at their site recently and it looked dodgy as **** .

So I like XED and have been buying the dips the last while to increase my bag, its available on HOO and Bilaxy, Im also buying XGG on bilaxy and I always transfer out immediately to Trust wallet. Bilaxy is a rip off, Ill use hypothetical figures just to illustrate what they did on me with XED recently.

€180 was approx 211 USDT
Buy approx 155 XED with the 211 USDT
Transfer the 155 XED to trust wallet
End up with approx 95 XED
Charged approx 60 XED to (€60) for the transaction fee
Went onto etherscan and the fee was €17

The did the same with XGG they were looking for a scandalous amount of XGG to transfer almost 1/3 of the coins I bought.

Irish_rat

Donegal1234 wrote: »

Well played lex. Are you still holding our have your sold your bags.

You'd be mad to sell its got strong fundamentals and the moon boys are now joining

Lex Luthor

hello2020 wrote: »

i m a new to this and want to start with couple of grands buying Crypto. which platform should i use to start with? which currency to pick for this small amount? is Coinbase or Uphold good places to start with?

the only reason I would be going with coinbase is that eventually it will be another option to buy Theta, otherwise stick with Binance

but have at least 2 options for cashing out cos when the euphoria hits they have a tendency to go down when you need them the most

olestoepoke

olestoepoke wrote: »

So I like XED and have been buying the dips the last while to increase my bag, its available on HOO and Bilaxy, Im also buying XGG on bilaxy and I always transfer out immediately to Trust wallet. Bilaxy is a rip off, Ill use hypothetical figures just to illustrate what they did on me with XED recently.

€180 was approx 211 USDT
Buy approx 155 XED with the 211 USDT
Transfer the 155 XED to trust wallet
End up with approx 95 XED
Charged approx 60 XED to (€60) for the transaction fee
Went onto etherscan and the fee was €17

The did the same with XGG they were looking for a scandalous amount of XGG to transfer almost 1/3 of the coins I bought.

Convert it to USDT and withdraw on the Tron network for $1

BrandonBay86

Timmaay wrote: »

That poster must be onto their 10th lambo by now ha

Apparently they are still buying corn and aren’t stopping until 1 BTC = 1 Lambo.

Jeff2

Whelo79 wrote: »

$59,500 to 58,500 is a dive????

Yeah. And your post got 15 thanks.