Dobbytoes wrote: » Convert it to USDT and withdraw on the Tron network for $1
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.
Lorne Malvo wrote: » Safe as any bank?
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
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.
Sierra Oscar wrote: » ETH is getting hammered tonight.
bfa1509 wrote: » Just a pod of whales slurping up the krill. It'll bounce back in no time.
Thargor wrote: » Sluggish price action tonight. Wonder if it is those options expiring on Friday and how much damage they can do.
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...
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.
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...
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.
Lorne Malvo wrote: » Can that be bought on an exchange suchlike Gemini and stored in a wallet? Thanks
makeorbrake wrote: » Any revenue received in btc will stay in btc and not be converted into usd/eur, etc.
Mellor wrote: » What does staying in BTC have to do with anything? I couldn’t care what Elon does with his revenue tbh.
EagererBeaver wrote: » 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 wrote: » I fully get the idea of increasing awareness of BTC as a means of purchasing high value items. But Tesla has a $30b revenue. I don’t think a tiny portion in BTC shows amazing faith in its stability. They could hold a fraction in unopened packets of tayto, and they’d swing alright out if it.
Dades wrote: » How does that even work - buying a Tesla with BTC. My neighbour is told he'll be waiting a year. Does he pay (eg) 1 BTC now, or 1 BTC (possibly worth a lot more/less) in 12 months? Or does he pay 50k worth of BTC now, or 50k worth in a year? In which case - what's the point of charging in BTC at all other than marketing? You'd have to assume the price of the car doesn't fluctuate as wildly as the currency.
BrandonBay86 wrote: » $100 deposit. Pay just prior to collection. If I wanted a Tesla now, I’d keep my Bitcoin. But buy another 1 BTC to give to Tesla for my car. 1 less BTC available for others to buy if Elon is going to hodl.
BrandonBay86 wrote: » Another 450,000 Satoshis are mine at $50,600. Foresee a dip to 48k maybe. Can’t see us going much lower.
