They Work in Crypto, ...

[johnarb]

You are ridiculous. Just because your 5000 dollar account comes out to 50 bucks charges means nothing. That 1% fee to convert ONE WAY amounts to ten thousand dollars on 1 Mil notional. That is outrageously high, no matter how you look at it.

60 basis points for me on Coinbase. For someone buying $1M, they can approach the institutional desk at Coinbase or Swan or Gemini and pay no fee

That 1% is deaddog's fee

I looked at another order I have and maybe 60 basis points is not a constant, (partial filled, had to chase up, Btc was moving higher and cancelled and put order for the rest)

53 basis points, so maybe related to order execution (9 fills vs 6 fills)

Idk, I don't actively trade spot Btc, I buy and hodl and may sell some on the next bull market next 2 years above $150k per btc

For trading short term, I use perpetual futures. Coinbase international just got approved

You do not trade Btc and you went from curious to fucking annoying, posting on the forum like Mr know it all, trade Btc or shut the fuck up

 

[johnarb]

That 600 out of 5000 amounts to 12% for nothing.

600 out of 60,000, 50 for each 5000 x 12, one sell for each month. Don't pretend to be THAT STUPID, DUDE!

Walk us through your calculation how someone lost 50% of their wealth if they deposited it into us treasury bills 3 years ago and rolled every 3 month. The one who is spreading lies here is exclusively YOU. Inflation did not tick up 50% not even close to 20% in the past 3 years. And stop picking convenient time frames. If you look at inflation long term then it's more along the 3% level.

Aren't you a bond expert investor? so this means YOU ARE BEING DISINGENUOUS?

record losses for long term treasury bonds, back to back to back years going back over 100 years and you don't know how 50% loss because you conveniently used the 3-month held to maturity

Retirees are encouraged to move 100% into bonds after they retire for SAFETY, so they bought 10yr and took margins to buy dividend yielding stocks, past 2 years, they blew up their accounts and you do not know how 50% loss on RISK FREE treasuries?

Pension funds in the UK blowing up due to record losses on their bond portfolio, US banks blowing up due to their US Treasuries holdings, because they are RISK FREE assets the best collateral assets in the world, but you do not know how 50% loss?

Retail investors bought TLT as a proxy holding for long term US treasuries, look at how that has performed in the past 2-3 years, and you do not know how 50% loss?

STOP PRETENDING YOU DO NOT KNOW, DUDE!

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and on the subject of inflation, you really believe that official numbers, you are stupid, look at your groceries and other items you buy,, but hey, 3% long term is still fucking theft, you willing to bend over and take it

Inflation is cumulative the past 3 years, inflation compounded year over year over year, 40% of purchasing value gone for the fiat currencies

Past 3 years, the inflation has really done a number on everyone except the top of the financial society

 

[johnarb]

I was referring to trading bitcoin (context of the past 15 posts) you conveniently change topic and go back to getting paid crypto. Yes then it's one way, but we talked about trading crypto from fiat and back to fiat. You seem to love to jump here and there to suit your rhetoric.

No, the topic is if someone wants to get paid in crypto and I responded to a comment about "spread will beat them up"

I responded to bullshit fud

You're out here posting right and left about Btc you neither trade nor hold. Stop being a troll, dude

 

[NoahA]

On the bright side as the price of BTC deteriorates the cost to convert gets less and less.

I see what you did here. There is this pervasive hate that you have against Bitcoin. Its been nothing but "how do I value it" to every single other complaint. You honestly hate the idea of bitcoin but you can't ever seem to leave this forum. I know you're smart enough to get it, but you honestly refuse. And that's ok. But why do you keep coming back to shit on this crypto forum? Its like you're this hardcore masculine man while secretly visiting Thailand to fuck lady boys. I honestly don't understand why you're putting so much energy into posting here.

 

[deaddog]

I see what you did here. There is this pervasive hate that you have against Bitcoin. Its been nothing but "how do I value it" to every single other complaint. You honestly hate the idea of bitcoin but you can't ever seem to leave this forum. I know you're smart enough to get it, but you honestly refuse. And that's ok. But why do you keep coming back to shit on this crypto forum? Its like you're this hardcore masculine man while secretly visiting Thailand to fuck lady boys. I honestly don't understand why you're putting so much energy into posting here.

Oh come on, I don't hate bitcoin. If it ever gives me the opportunity to climb on the bandwagon I'll be happy to take advantage of it.

I just responded to the idea of being paid in BTC and gave my opinion that it was a risky proposition.

How about you Noah, you willing to be paid in bitcoin not knowing what the fiat value will be at the end of the next month or next year. Knowing that you will have to pay a fee to convert it to fiat in order to spend it.

I still don't know how to value it. What makes it worth 30K today and why will it be worth 5k or 1 million next year? Supply and demand I understand. Supply is increasing and demand is decreasing. No reason for the price to increase.

As for why I'm spending so much energy posting on this forum, I'm trying to find some intelligent interaction and debate. Not much luck so far, only immature profanity and name calling.

I wouldn't know about the Thailand thing, I'll leave that to you more experienced guys.

 

[NoahA]

As for why I'm spending so much energy posting on this forum, I'm trying to find some intelligent interaction and debate. Not much luck so far, only immature profanity and name calling.

Wow... we have been so patient with you for months, but probably even years. John pointed out all your fallacies but you still keep arguing.

I still don't know how to value it. What makes it worth 30K today and why will it be worth 5k or 1 million next year? Supply and demand I understand. Supply is increasing and demand is decreasing. No reason for the price to increase.

You said you don't know how to value it, and then you give a perfect explanation that works for you. Stick with supply and demand and wait for it to trend up. Its a good strategy, and it will save all of us more time in trying to explain it further to you. There is nothing wrong with your strategy so just stick with it, but its stupid for you to waste more time in digging deeper when you invalidate ever single more thorough explanation. You just want to operate at the surface level, and its perfectly fine. Bitcoin probably doesn't even need more complexity for the general public. Once everyone uses it to both a a store of value and method of exchange, then simply using bitcoin because everyone else does will be a wonderful explanation and a pivotal milestone.

 

[johnarb]

Oh come on, I don't hate bitcoin. If it ever gives me the opportunity to climb on the bandwagon I'll be happy to take advantage of it.

As for why I'm spending so much energy posting on this forum, I'm trying to find some intelligent interaction and debate. Not much luck so far, only immature profanity and name calling.

You are such a FUCKING LIAR

You are not here to engage to learn, go a mirror and repeat what you're saying 1000 times and convince that ASSHOLE LIAR that you see

May I remind you that you posted bullshit false information fud about the "spread" and then when you got caught, you switched it to fees

May I remind you that you posted bullshit false information fud about "Btc price deteriorates" and when I posted it's up 60% YTD, and beating RISK-FREE US Treasuries on the 3 years

ASSHOLE ET POSTERS SUCH AS deaddog have been fudding and beating up on Bitcoin believers whenever the price is on a bear market cycle

schweiz, soesbetter, and others

You can look in the Bitcoin price thread, the constant berating when Btc was down from ath $20k in 2018, 2019 when price was $4k and $3k, constantly telling us that Btc is never going back above $20k

It happened before that, when Btc crashed from $1200+ to below $200 and ASSHOLE ET POSTERS SUCH AS deaddog were fudding and beating up on the Bitcoin believers

In the future, when Btc is down to $200k from $500k ath, ASSHOLE ET POSTERS SUCH AS deaddog will be fudding and beating up on the Bitcoin believers

Being nice to ASSHOLE ET POSTERS SUCH AS deaddog does not work. Some of the believers have stopped posting

There may have been many ET readers who did not invest in Bitcoin for fear being ridiculed. That's the effect of fud

One day I will be banned, but it is what it is, so I want to make sure my last message is positive

Have a Wonderful day!

 

[deaddog]

Have a Wonderful day!

I will thanks

 

[deaddog]

Wow... we have been so patient with you for months, but probably even years. John pointed out all your fallacies but you still keep arguing.


You said you don't know how to value it, and then you give a perfect explanation that works for you. Stick with supply and demand and wait for it to trend up. Its a good strategy, and it will save all of us more time in trying to explain it further to you. There is nothing wrong with your strategy so just stick with it, but its stupid for you to waste more time in digging deeper when you invalidate ever single more thorough explanation. You just want to operate at the surface level, and its perfectly fine. Bitcoin probably doesn't even need more complexity for the general public. Once everyone uses it to both a a store of value and method of exchange, then simply using bitcoin because everyone else does will be a wonderful explanation and a pivotal milestone.

You never replied to the question of if you'd like to be paid in bitcoin. Either a yearly salary or and hourly wage. You know like 3 BTC per year or so many sats an hour.

 

[NoahA]

You never replied to the question of if you'd like to be paid in bitcoin. Either a yearly salary or and hourly wage. You know like 3 BTC per year or so many sats an hour.

I am honestly not sure how this works. The way I see it, either the employer or the employee takes a huge risk. At these prices now, I'm feeling very confident that its up from here. Even a dip down to 20k or 15k would happen very quickly in my opinion.

One of the things that really stood out to me was how many time bitcoin did a -70% or -90% move and then came back strong. I think we did about -77% this time around, and are still at -61%. It is therefore an excellent time to buy, or enter into a contract to be paid in bitcoin. If you can get 3 BTC per year, as you suggested, I think seeing your salary hit $300k in USD isn't too far off. But why would an employer take this risk? As I say though, I have no idea how this works, nor where they are getting the bitcoins from.