Speaking of taxable transactions (or avoiding f them) Anyone here use blockfi? I read you can get like 8% interest on crypto and loan against it at just 4.5% (also not sure how this works I feel like that wither savings interest yielding more than the loans would cause a lot of problems)
It’s the same idea as PayPal. If people really wanted to use bitcoin as a payment method they would just send btc to your wallet, there’s no point to actually use PayPal or Venmo as a middleman it’s just another avenue for people to convert dollars into bitcoin.
So here are the top guys I follow on Youtube for the crypto space. First Video is of Charles Hoskinson and a TED talk he did. Charles was one of the 8 original founders of Etherum. He left Etherum to create Cardano. He has some pretty innovative thinking and I like his long-term vision. Top Crypt Youtubers: Bitboy: Up past 450K followers. Post a couple of videos a day, talking about bitcoin ETH and a lot of other altcoins. Lots of energy, lots of knowledge and brings a fun perspective when talking about crypto. JRNY Crypto: Puts out 2 videos a day. A little more mater fact, not as much personality, but has a lot of knowledge along with trading in crypto for a while. Ivan on Tech: From Sweeden, a programmer and a lot so knowledge of crypto over the years. Sheldon Evans: Just solid all the way around a good balance between the other guys.
Charles Hoskinson is a wet pigeon. I don’t mean to be a dick but that list is a who’s who of who not to listen to.
Jmo. You’re more likely to find the influencer types on youtube. I’ve found Twitter has the best info.
Just a reminder Cardano is an empty centralized blockchain founded by the guy who was fired by Vitalik for trying to turn Ethereum into a centralized corporate blockchain like Hyperledger so he could become CEO, and later tried to pull a coup with Ethereum Classic
I have friends that are probably going to lose significant amounts of money on Cardano by holding, but I don’t know where to go to get anything more than sunshine pumping YouTube vids or all this future promises stuff... do you have any links to background on this?
Don’t get me wrong you can make money on ADA this cycle. Everything on a CEX is ripping right now. But do it for the money not the tech, you’re going to be sorely disappointed
Crypto alpha is hidden in telegram and discord groups. Start with Twitter then you’ll make your way there eventually the YouTube guys are the worst of all the shillers, Ivan on tech
Right, in the bull market everything is going up. I’m more so talking about holding it for the long haul....it doesn’t seem smart.
Do these large banks/companies have to announce before they make their purchases in BTC? Wouldn't they just be driving up the price of something they're going to buy? Could they be having other companies buy it, like MicroStrategy, then having MSTR move them the BTC after?
Lol, Those disorders are a joke. You actually think crypto alpha is any different than the YouTube guys? Pot meet kettle. For the record anyone I follow on youtube, Twitter and a couple of the discords I'm in doesn't mean I follow blindly. It is all about taking in different info and opinions and then trying to form you own. More info is better, good bad or indifferent.
I don't think 99/100 Miami employees are smart enough to understand anything about BTC. You'd have to opt in to that I'd assume. It's also one of the most corrupt cities, and that's saying a lot.
I think whether they have to announce is company dependent, fact dependent, and likely dependent on how much they're buying. Tesla did not announce until they had already bought. Microstrategy was changing their entire treasury policy to basically say that all dollars will be converted into btc. So they actually announced first, met with shareholders, bought out certain shareholders at a premium, and then made their initial large purchase (i think like $250m). Their debt offering to buy more btc was announced in advance too. But they've subsequently made smaller purchases ($10m) of just sweeping profits into btc, and those were announced after the fact. I'm fairly positive that companies are not using other companies to buy it and then move it to them.
So when MasterCard and big banks go to buy BTC, will they have to announce? Big Banks have way more money than MSTR and MSTR seemed to have jumped the price up quite a bit. Obviously they weren't the only ones buying, but still. Big money isn't going to want to buy into BTC at 50k if they can drag the market down and then purchase at half that. Basically, I'm trying to figure out what I'd do if I was one of the 5 richest people in the world and I wanted to buy into the new world currency. What are the strategies?
Wait, are you bragging about making E-friends on Twitter, I'm confused? You are the one bashing the YouTube guys only to bring up crypto alpha as some alternative truther. Crypto alpha is no different than any of the YouTube guys, I just find your hypocrisy hilarious. Thanks for the laugh though. Don't come in here on some pedestal claiming you know things others don't, especially when crypto alpha is your voice of reason.
Can’t answer what other companies will have to announce because I think it depends on their policies. I don’t follow how you think big money can drag the price down to then make their purchase. If you’re like the CIO of Guggenheim, you can go on tv and say it’s overbought, etc., while secretly buying. But short of that, which doesn’t really do much, I think they have no way to drop the price. To your last question, the approach seems fairly obvious based on Tesla and mstr. They partner with Coinbase and basically have an algo making tiny purchases every few seconds so as to minimize the price movement. If I had billions of dollars and wanted to establish a meaningful position, I think that is the best and probably only option.
I wasn't saying I could affect the markets. Just trying to gauge the probability there's another big (20%+) drop. BTC tends to make these crazy runs, then drop 20%, then run up again.
Agreed but waiting is risky if you want a position. If I’m a billionaire wanting to buy, I’m worried about the next Tesla or mstr accumulating before me or some FAANG or other public company making an announcement. I would not wait to see if it maybe drops 20%. I’d buy now.
I put in $3,200 to get me up to an even .1 BTC on Coinbase. I need to get onto my Bittrex account. I should have (if I can access it) anywhere from .5-1 BTC there. I'm BTC poor, but gotta start somewhere.
Can you set it up to buy on CoinBase at a set threshold like you can on other crypto sites? I wanted to set a buy at $46,500 earlier but couldn't figure it out. Then figured what's the point of worrying about the difference between 48 and 46.5 if it goes bigger...which this line of thinking is also how you lose a shit load of money.
you think it's a good idea to dump cardano right now? i've currently got like 10k coins and rl friend of mine was saying he's planning on holding bc he expects it to hit $5 or so
Not sure, I haven’t looked at the chart at all. We are still early enough in the bull cycle things will keep going up. It just becomes a matter of opportunity cost and dumping for something that has more room to run.
Yes it's a limit buy order. Caveat that I'm talking about Coinbase Pro, so not sure if you can only do a market order on Coinbase.
Hold, we are right around the 20% - 30% range of this next bull run. Around another 6-10 months time. I would hold at least until May or June, then reassess. I would probably start taking some profits come April and slowly lowering your shares throughout out summer and fall. Maybe hold a couple thousand shares by Christmas. This bull run is going to be big, but won't last forever. I do believe Cardano will be around 5 years from now, obviously others in this thread do not.