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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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BrandonBay86

antgal23 wrote: »

Could be wrong but I think BTC will hit 35 K tomorrow

It hit 34200 90 mins ago

antgal23

Could be wrong but I think BTC will hit 35 K tomorrow

[Deleted User]

BrandonBay86 wrote: »

Bought at 35k. Easy 3x over the next 4 years

Guaranteed mate

BrandonBay86

Bought at 35k. Easy 3x over the next 4 years

Bandara

If your serious about this you should have a trezor hardware wallet

Dohnjoe

Spanishpoint wrote: »

yes, always move your funds to a wallet!

And never move large amounts in one go
Make sure you will be able to remember your password in several years
Backup the wallet file on multiple sources in case of hardware failure
Make sure you to back up your current phone 2FA (authenticator never SMS)
Make sure to keep the PC clean of malware/viruses
Double-check every sending address (malware can replace a copy paste with another address)

"Be your own bank" is literally that.

scwazrh

On iOS , coinbase exchange app has a wallet but there is also a coinbase wallet app .Are these the same type of wallet?

Spanishpoint

antimatterx wrote: »

I've signed up for Kraken, but what do people use for a wallet? Should I move all funds I buy to a wallet?

yes, always move your funds to a wallet!

antimatterx

I've signed up for Kraken, but what do people use for a wallet? Should I move all funds I buy to a wallet?

Dnxncofiruwvx

BrandonBay86 wrote: »

* & not your keys, not your coins.

True, but given it’s a smart contract the platform doesn’t have access to the collateral either. It only gets released once the loan is paid or you default. Of course if they exit scam you’ll lose it anyway.

Dutchy

Yes, Sunday / Monday are the optimum days for the DCA'ers

Dohnjoe

Dutchy wrote: »

Blood on the dance floor.

Or just another Sunday evening in crypto

Dutchy

Blood on the dance floor.

BrandonBay86

Dnxncofiruwvx wrote: »

Basically you use your crypto as collateral against the loan.

For example - You want to take out a loan of 1000 euro, you deposit 2000 euro worth of BTC into a smart contract on a lending platform, and you get back 1000 euro in stablecoins in return. Pay back the loan, get your crypto back, don’t pay back the loan, they keep the collateral.

*Ratio doesn’t have to be 2:1, some platforms offer lower rates for a lower loan to value ratio. You’ll always need to put in more than you take out though, that’s to cover the lenders end in case you don’t pay it back.

* & not your keys, not your coins.

Dnxncofiruwvx

One More Toy wrote: »

I'm a long tíme in cryto (if 8 years counts) but I don't understand defi. How does one take a loan out against their crypto?

Basically you use your crypto as collateral against the loan.

For example - You want to take out a loan of 1000 euro, you deposit 2000 euro worth of BTC into a smart contract on a lending platform, and you get back 1000 euro in stablecoins in return. Pay back the loan, get your crypto back, don’t pay back the loan, they keep the collateral.

*Ratio doesn’t have to be 2:1, some platforms offer lower rates for a lower loan to value ratio. You’ll always need to put in more than you take out though, that’s to cover the lenders end in case you don’t pay it back.

Spanishpoint

Irish_rat wrote: »

It's all relative, there is a good few projects that could be life changing if you invest now.

What projects do you think could be a life changer?

One More Toy

I'm a long tíme in cryto (if 8 years counts) but I don't understand defi. How does one take a loan out against their crypto?

Irish_rat

It's all relative, there is a good few projects that could be life changing if you invest now.

Dohnjoe

Most sites put Eth ATH at $1420 to $1480 (depending on factors like Korean averages). So looks like $1500 Eth would make it "official".

Thargor

crushproof wrote: »

Years ago I dabbled in attempting to mine Bitcoin but either got bored or couldn't fathom what it was all about. Found my old old old laptop yesterday and voila, there was a Bitcoin coin wallet from 2013. Took me hours to figure out how to access it and eventually found the old 12 word passphrase.

Hands were shaking as I finally got to reveal the amount of Bitcoin..... total amount, 0.00 BTC. Kicking my younger self for not having the patience to look into it further!

I had a powerful pc that was always on for 4 years when I was in college, thought about doing some bitcoin mining many times as we used to use it to buy our herbal supplies from the Silk Road back then (used to have to get the bus into Dublin and try finding a working bitcoin ATM in one or two gadget shops to buy with FIAT back then). Never fecking did it, I feel like crying sometimes when I think about it, you could knock out a coin or two a week back then even on a non-dedicated pc.

Did the same with Ethereum after reading a few "Bitcoin 2.0 has arrived" type articles on Stackoverflow and a few other places about it back when ETH was a few cents, always said I should buy some, never got around to it, it was around $100 when I bought my first stack

Flossy Flossy

Dohnjoe wrote: »

Eth possibly taking another stab at ATH. Usually there's a drop on Sundays but will see if it can be breached. If it does go over, hopefully it takes a similar route to BTC and keeps going (before the fun ends)

It's broken the market cap ATH already

Dohnjoe

Eth possibly taking another stab at ATH. Usually there's a drop on Sundays but will see if it can be breached. If it does go over, hopefully it takes a similar route to BTC and keeps going (before the fun ends)

crushproof

Years ago I dabbled in attempting to mine Bitcoin but either got bored or couldn't fathom what it was all about. Found my old old old laptop yesterday and voila, there was a Bitcoin coin wallet from 2013. Took me hours to figure out how to access it and eventually found the old 12 word passphrase.

Hands were shaking as I finally got to reveal the amount of Bitcoin..... total amount, 0.00 BTC. Kicking my younger self for not having the patience to look into it further!

Mucashinto

Turning into Night of the Living Dead with all these zombie coins on the march again

grindle

BrandonBay86 wrote: »

Joe needs a few lessons.

:pac:

Although initial proponents of bitcoin saw it a as way of setting up a currency outside of the control of central banks, its 400 per cent price surge in the past 12 months has, ironically, been fuelled by the amount of money central banks have pumped into the financial system to help it deal with the Covid-19 crisis.

"Ironically, it has been hoovering up money as it is designed to."

Dude needs a lesson in irony. Ironically.

BrandonBay86

Joe needs a few lessons.

https://www.google.ie/amp/s/www.irishtimes.com/business/financial-services/will-bitcoin-surge-end-like-the-17th-century-dutch-tulip-bubble-1.4453437%3fmode=amp

Thargor

ETH closing in on the ATH.

Maker going vertical, I knew I should have stuck a couple of grand in there when people were hyping it.

Thargor

ETH price way ahead on Coinbase now, it was lagging in a big way for the first couple of days of this run...

seannash

Couple of new entries in the top 10

cnocbui

Mucashinto wrote: »

Would really like to see some actual use cases of (non financialy focused) decentralised apps/blockchain technologies start to gain some sort of public adoption/notice soon.

A messenger/video/social media service or whatever should be very viable atm surely. As the big platforms continue confining themselves to orthodoxy & consensus (and become ever closer to acting as a branch of the state imo) there is a significant gap (and desire) for new entrants to claim back the 'free internet' mantle I think. So yeah, cmon web 3.0, let's see you start to do some things in more popular spaces please.

Hotel bookings. In Oz, I believe the travel booking company Webjet did some work on it: https://www.coindesk.com/digital-travel-firm-webjet-has-launched-its-booking-verification-blockchain