Crypto thread

"Visa is piloting transaction settlement in stablecoins on the ethereum blockchain." - Forbes

https://www.forbes.com/sites/ninabambysheva/2021/03/29/visa-to-start-settling-transactions-with-bitcoin-partners-in-usdc/

Bill Hwang made billions trading and then lost it all recently using high leverage. 

Check out the story ... would make a great movie. 

If you don't understand crypto and refuse to learn, it's gonna be a tough century for you 

You want to read a good article? 

Here is a good one from 2014. 

https://nakamotoinstitute.org/mempool/speculative-attack/

Political authority is a poisonous notion and Bitcoin is the antidote.

The sooner you realize this the better off you’ll be. You’ll realize it at some point but you want to be ahead of mass adoption. 

“You can’t spend bitcoin anywhere. Bitcoin is not money.” 

PayPal has launched Bitcoin payments at checkout in the USA. 

Customers can now use Bitcoin with 29m merchants.

ATOM suuuuuucks. Massive opportunity cost so far. Can’t sell. This is the hill I will die on. 

JUST IN: @tether_to has produced the first of a planned series of regular attestations from an actual accounting firm, Moore Cayman, verifying that it has assets exceeding the amount of $USDT in circulation.

Buybacks back at all time high, as if covid never happened. And when next crash comes, all these companies will demand more bailouts. 

Buy bitcoin. 

Is chipotle the next big institution to bet on bitcoin? 

https://twitter.com/chipotletweets/status/1376871390989578242?s=21

But I'm broke today compared to the money I had in the early 2000s

HODLing BTC, ETH and CKB

Gonna dump half of CKB when it hits .10 cents and the other half when it hits .15 cents. I averaged in @ .02 cents

I started buying bought BTC back when it was $400 in 2016 and dollar cost averaged up until $700 sold @ $1,400 about a year later.

Bought again about a year ago when it was holding steady at around $8-$9,000 - also picked up Tezos at that time. Sold both a few months later, for break even.

I'm not pumping anything. Just sayin'

Starting to think ETH and BTC are going to lead the next wave after this long lull as they usually do and suck some life out of the alts. 

Im all in ATOM at the moment and starting to regret it. Historically this is the feeling I get before it pumps. When I was new I would sell right now. But I’m going to make an attempt at staying patient. 

I have over 100,000 of these damn things. The only good thing is I get like 20 a day as a staking reward. Would like for it to get to 36+ and then withdraw another 50% into usd. 

I almost make as much from staking rewards as I do from my job tbh.

Never heard of  CKB until you mentioned it. That chart is crazy. Definitely no fomo’ing into that thing. 

I wonder if countries will get tired of the returns from their gold holdings and start dumping it eventually? 

Maybe they already are? 

BIDEN TO UNVEIL $2.25T PLAN TOMORROW: WAPO

Brrr 

What happened to I need a detox?

  He started poking the bear.  

Still sitting in ATOM 

Michael Saylor 

“MicroStrategy has purchased an additional ~253 bitcoins for $15.0 million in cash at an average price of ~$59,339 per bitcoin . As of 4/5/2021, we #hodl ~91,579 bitcoins acquired for ~$2.226 billion at an average price of ~$24,311 per bitcoin.”

Article on the Winklevoss twins 

https://www.forbes.com/sites/michaeldelcastillo/2021/04/05/revenge-of-the-winklevii-facebook-winklevoss-bitcoin-nft-billionaire-revenge/

I bet this is accurate. Walmart is stacking bitcoin. 

Fluff Pony is no joke. 

https://twitter.com/fluffypony/status/1378840788860297219?s=21

So at the moment you only hold ATOM?

Yeah 

Altcoins pump (1 month) ... sell for bitcoin ... bitcoin goes on run to $150k+ (2 months) ... sell bitcoin for alts ... altcoins pump hard (1 month) .... then everything dumps 90%+

Bill Hwang had $20 billion. He lost it all in two days. 

https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days