Crypto: Interesting numbers...

johnarb · Nov 23, 2021

Here's a video made in 2010 that explains bitcoin and its importance. I saw it a long time ago and glad I ran into it again

Bitcoin was worth less than $1 at the time and you could get 5 free bitcoins from online faucet (website). Some were using VPN to get a new IP address to get more..

I was not that early, was too busy with my job at the time working many hours of OT :banghead:

https://twitter.com/x/status/1463246598893355010

sebking1986 · Nov 26, 2021

johnarb said:
Interesting bit on CZ

There are a number of crypto billionaires, Sam Bankman-Friedman and of course the Winklevoss twins. There are others, but who knows what will happen if we get another bear market (crypto crash) of over 85% as in previous 2 cycles

Looking forward to another bear market to load up on bitcoin and cryptos for the next cycle

I will be loading up if/when we get one.

yc47ib · Nov 27, 2021

sebking1986 said:
I will be loading up if/when we get one.

FWIW, I think now is the time. Max risk? Another 20-30% down; but not loading it now bears a higher risk, you might need to wait another few years to see this price range, or maybe never, because this cycle dragged in a lot of institutions, and the more big players the less volatile it becomes, and that is not a good thing for the big dip buyers.

qlai · Nov 28, 2021

qlai said:
My opinion is that government cannot allow people who cannot even manage passwords put retirement money in a non-regulated speculative assets

Hm, this is interesting. Is this for real?
https://itrustcapital.com/

RedDuke · Nov 28, 2021

qlai said:
Hm, this is interesting. Is this for real?
https://itrustcapital.com/

Strange, as far as I know this is not allowed in US.

qlai · Nov 28, 2021

Ah, I think it’s for self-directed IRAs, not traditional IRAs
https://www.cnbc.com/2021/09/14/exp...crypto-like-bitcoin-in-self-directed-ira.html

johnarb · Nov 28, 2021

qlai said:
Ah, I think it’s for self-directed IRAs, not traditional IRAs
https://www.cnbc.com/2021/09/14/exp...crypto-like-bitcoin-in-self-directed-ira.html

I see see their ad on CNBC. It looks legit

Gilbertlycle · Dec 3, 2021

Quite right! I think, what is it excellent idea.

Clubber Lang · Dec 3, 2021

RedDuke said:
Correct, and if they are removed one day and any stable coin out there must audited, we will know the real prices of digital assets. And if Tether fraud is exposed and USDT is banned, there is no doubt in my mind crypto will crash.

Gemini’s stablecoin GUSD is audited monthly and it’s posted publicly for all to see.

I agree with you about Tether. Wouldn’t put a dollar there.

RedDuke · Dec 3, 2021

Clubber Lang said:
Gemini’s stablecoin GUSD is audited monthly and it’s posted publicly for all to see.

I agree with you about Tether. Wouldn’t put a dollar there.

totally plus coinbase one, on flip side we have tether and terra. But tether is 70% of the market daily volume.