Is anyone else starting to become a bit excited?

olestoepoke · 24-03-2021 08:02AM

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

makeorbrake · 24-03-2021 08:38AM

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.

Irish_rat · 24-03-2021 02:23PM

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

Lorne Malvo · 24-03-2021 04:03PM

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

Dades · 24-03-2021 06:25PM

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...

pioneerpro · 24-03-2021 06:48PM

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.

bfa1509 · 24-03-2021 07:17PM

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.

Lorne Malvo · 24-03-2021 09:04PM

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...

Thargor · 24-03-2021 10:55PM

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

Sierra Oscar · 24-03-2021 11:36PM

ETH is getting hammered tonight.

bfa1509 · 24-03-2021 11:38PM

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 · 24-03-2021 11:40PM

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.

Jeff2 · 24-03-2021 11:44PM

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.

BrandonBay86 · 25-03-2021 12:19AM

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.

makeorbrake · 25-03-2021 12:44AM

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.

Lorne Malvo · 25-03-2021 03:01AM

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...

el diablo · 25-03-2021 03:10AM

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 · 25-03-2021 03:17AM

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 · 25-03-2021 03:54AM

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.

Mellor · 25-03-2021 10:44AM

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.

EagererBeaver · 25-03-2021 11:14AM

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 · 25-03-2021 11:32AM

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.

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.

EagererBeaver · 25-03-2021 11:48AM

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.

Oh absolutely, and you understand that, but how many Joe Soaps do reckon think beyond "****ing hell, Tesla are huge and they take bitcoin! Elon's a genius and he loves bitcoin!"?

Dades · 25-03-2021 12:12PM

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 · 25-03-2021 01:25PM

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.

$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 · 25-03-2021 01:41PM

Another 450,000 Satoshis are mine at $50,600. Foresee a dip to 48k maybe. Can’t see us going much lower.

Once options expire tomorrow we’ll begin to pump again.

ShaneU · 25-03-2021 01:42PM

cnocbui · 25-03-2021 01:47PM

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.

I presume you would be going through the buying and spending of that bitcoin just for the fun aspect and to contribute to the positive vibe and data, which of course wouldn't hurt your wallet? :cool:

Unearthly · 25-03-2021 01:55PM

The alts bleed hard during minor btc drops

Going to set some ambitious buy limits on alts incase btc drops to 48k.

Mellor · 25-03-2021 02:16PM

BrandonBay86 wrote: »

Another 450,000 Satoshis are mine at $50,600. Foresee a dip to 48k maybe. Can’t see us going much lower.

It was 43k a month ago. I don’t think a 30 day price return is ever out of the question.

Is anyone else starting to become a bit excited?

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