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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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EagererBeaver

Mellor wrote: »

What does staying in BTC have to do with anything?
I couldn’t care what Elon does with his revenue tbh.

I guess the intention is to highlight increasing mainstream adoption of BTC in general and faith in its ability to stay stable or appreciate further vs USD.

Mellor

makeorbrake wrote: »

Any revenue received in btc will stay in btc and not be converted into usd/eur, etc.

What does staying in BTC have to do with anything?
I couldn’t care what Elon does with his revenue tbh.

el diablo

Lorne Malvo wrote: »

Can that be bought on an exchange suchlike Gemini and stored in a wallet? Thanks

Yes, they can be bought on an exchange and keys stored in a wallet. I think most of the stable coins (USDT, GUSD (Gemini USD) etc) are ERC-20 tokens so the fees for moving funds will be high right now.

Lorne Malvo

el diablo wrote: »

Go for it if you feel it's safe. Gemini is one of the more reputable exchanges. But as mentioned above, a stable coin might be a better option.

Can that be bought on an exchange suchlike Gemini and stored in a wallet? Thanks

el diablo

Lorne Malvo wrote: »

Sorry I'm new to this so I don't really follow your jargon. I've researched and haven't found any stories of fiat disappearing off the exchange to date...

Go for it if you feel it's safe. Gemini is one of the more reputable exchanges. But as mentioned above, a stable coin might be a better option.

Lorne Malvo

makeorbrake wrote: »

Out of interest, what's your methodology for 'anticipating a dump'? Gemini are a very professional outfit from what I can see. But that's not the point. Things only have to go wrong once - and your funds are gone. That's it in a nutshell.

You could buy some USDC if you wanted and have that ready to go - but custody it yourself.

Sorry I'm new to this so I don't really follow your jargon. I've researched and haven't found any stories of fiat disappearing off the exchange to date...

makeorbrake

Lorne Malvo wrote: »

It's just on anticipating a dump in the market, I want to be ready; otherwise I would have to wait for the wire transfer to go through before I could buy. Surely it can't be that bad. They have a massive reputation to upkeep...

Out of interest, what's your methodology for 'anticipating a dump'? Gemini are a very professional outfit from what I can see. But that's not the point. Things only have to go wrong once - and your funds are gone. That's it in a nutshell.

You could buy some USDC if you wanted and have that ready to go - but custody it yourself.

BrandonBay86

Thargor wrote: »

Sluggish price action tonight. Wonder if it is those options expiring on Friday and how much damage they can do.

100% this causing it. Watch us pump in a weeks time.

Bought this mini dip.

Jeff2

Sierra Oscar wrote: »

ETH is getting hammered tonight.

It's volatile so so catch the bottom like now and you're onto a good thing.

Sierra Oscar

bfa1509 wrote: »

Just a pod of whales slurping up the krill. It'll bounce back in no time.

Indeed, already recovering somewhat and still nowhere close to the fall at the start of the month.

bfa1509

Sierra Oscar wrote: »

ETH is getting hammered tonight.

Just a pod of whales slurping up the krill. It'll bounce back in no time.

Sierra Oscar

ETH is getting hammered tonight.

Thargor

Sluggish price action tonight. Wonder if it is those options expiring on Friday and how much damage they can do.

Lorne Malvo

pioneerpro wrote: »

Safe? Can't comment on Gemini but it's definitely not best practice to leave anything on an exchange.

Safe as a bank? Hell no - no Deposit Guarantee Scheme for starers.

That said I've left 4 figures on Kraken for extended periods of time and I couldn't fault their security. But never advisable to leave jack **** on an exchange from a best practice POV.

It's just on anticipating a dump in the market, I want to be ready; otherwise I would have to wait for the wire transfer to go through before I could buy. Surely it can't be that bad. They have a massive reputation to upkeep...

bfa1509

makeorbrake wrote: »

I've not been such a big fan of Elon's twits (the doge nonsense) recently but I can't fault his tweets in the past hour -> https://twitter.com/elonmusk/status/1374617643446063105?s=20

Any revenue received in btc will stay in btc and not be converted into usd/eur, etc. Ability to pay in btc enabled in the US right now - and to be enabled overseas later this year.

I think his big mouth is the biggest threat to cryptocurrency at the moment. It's one of the few things I hate about crypto - his influence on it.

pioneerpro

Lorne Malvo wrote: »

Guys is it safe to leave large deposits of fiat on an online exchange like Gemini for weeks at a time? Safe as any bank? Many thanks

Safe? Can't comment on Gemini but it's definitely not best practice to leave anything on an exchange.

Safe as a bank? Hell no - no Deposit Guarantee Scheme for starers.

That said I've left 4 figures on Kraken for extended periods of time and I couldn't fault their security. But never advisable to leave jack **** on an exchange from a best practice POV.

Dades

Lorne Malvo wrote: »

Safe as any bank?

Definitely not.

I wouldn't leave anything in an exchange I couldn't afford to lose and walk away from. I get it might be useful to have cash on the exchange if you wanted to pull the trigger on something immediately, though with the market at the moment surely there's a better option than to keep it in fiat...

Lorne Malvo

Guys is it safe to leave large deposits of fiat on an online exchange like Gemini for weeks at a time? Safe as any bank? Many thanks

Irish_rat

makeorbrake wrote: »

I've not been such a big fan of Elon's twits (the doge nonsense) recently but I can't fault his tweets in the past hour -> https://twitter.com/elonmusk/status/1374617643446063105?s=20

Any revenue received in btc will stay in btc and not be converted into usd/eur, etc. Ability to pay in btc enabled in the US right now - and to be enabled overseas later this year.

How does this work when it comes to tax!

Also the NFT market is starting to take off big time.

When you read it in the Irish mirror say no more

makeorbrake

I've not been such a big fan of Elon's twits (the doge nonsense) recently but I can't fault his tweets in the past hour -> https://twitter.com/elonmusk/status/1374617643446063105?s=20

Any revenue received in btc will stay in btc and not be converted into usd/eur, etc. Ability to pay in btc enabled in the US right now - and to be enabled overseas later this year.

olestoepoke

Dobbytoes wrote: »

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

Convert what, the XED? I think the problem with Bilaxy is not the already extortionate gas fees but that Bilaxy charge fees on top of that, as I said they charged €60 to transfer and when I checked the transaction on etherscan the fees were €17

Jeff2

Whelo79 wrote: »

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

Yeah. And your post got 15 thanks.

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.

[Deleted User]

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

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

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

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.

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 **** .

tcawley29

Timmaay wrote: »

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

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

Timmaay

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