Crypto thread

Amazing that the Bitcoin halving is in 60 days 

NBA suspends season. 

Jazz and Thunder in quarantine following Gobert testing positive. 

Dow futures swung from +300 to -500 real quick. 

No travel between US/Europe for 30 days 

All restaurants/bars and shops closed in Italy 

Hospitals are so overrun in Italy their top Dr’s are telling hospitals to abandon the elderly 

Trump’s speech wasn’t great to say the least 

NCAA tournaments with no fans — will probably be cancelled 

The right thing to do would be to close the country and force everyone to stay in their houses for 30 days 

The markets are going to NOSEDIVE! 

Dow futures -1000 

Economic activity is grinding to a halt 

Many companies won’t be able to service their debt 

There will be a massive liquidity shortage 

The fact that all of this seems to bring you joy is somewhat disturbing. Are you throwing a celebration party?

Look like its tanking hey

Here’s your chance Wallstreet 

30% of entire crypto market wiped out overnight 

Just bought 70 ETH 

Kind of nervous tbh. I have a good amount of money getting demolished right now. I’m either going to come out of this a genius or an absolute moron. 

Sheesh I get home from a run and see the selling. I am shocked BTC is under 6k. So I saw LTC went to 30 but spreads are WIDE, I dont know who would have got a fill on anything with bids being pulled.

So it went to 5700 or so and has bounced 200 since then. I will have to consider putting some money in but as I mentioned several times I am not wanting to enter if prices are plunging, rather if prices fall and settle. I agree with some things I have read that people are raising cash and SOME risk is coming off the table.

So I am dusting off the old coinbase acct and it prompts me for the 2 step verification code thing which is sent to my cell and I enter that and it says code isnt valid. I read online that when these drop that Coinbase is known for not allowing logins, looks like they are pulling a fast one on me today.

Sometimes two codes are sent and only 1 works.

Only got one code today and there is no way for them to send a different code from what I see. Ive read that Coinbase is known for this when the markets are crazy.

Yeah, not sure. You can try sending them a message. 

Yeah Ive also read that they take their sweet time in replying to messages too but I will give it a shot since I dont have much choice.

Even their help section is a joke, they have 5 drop down boxes you have to fill out to submit a question and they dont work, you click on a field and it does not function to give you the option to choose.

How funny.

There are other options 

BinanceUS 

Gemini 

KuCoin 

They all accept debit 

I wouldn’t suggest Gemini if you want to send to another wallet from the exchange. 

Kucoin and Binance are fairly easy to navigate. It’s all pretty confusing when it’s your first time. 

I would not trust Coinbase. I set up an account two years ago and 100% knew my password yet the system never let me logon to my account because my password was incorrect. My email request never got a response. This is not the type of business I would trust with my hard earned money. 

Meanwhile.....the markets are predictably getting hammered today. I think we all need to say a prayer for all those infected by this virus.

S&P 500 getting clobbered. April 2018, 2762. Today 2574........down 7%

BTC April 2018: 8500. Today 6138....down 28%

The Fed is going to inject $1,500,000,000,000 in a bid to prevent ‘unusual disruptions’ in markets 

This is why bitcoin was invented. It hasn’t performed well lately but what happens next might surprise you. 

Thing is I set all my crap up on Coinbase including wire info from bank and the options for solid outs are few. I want liquidity and safety and I am not sure who else but Coinbase I would trust...and maybe not them.

Lets see how the market goes here, they ramped it up hard but in reality all the FED did is expand their backstop for banks and leveraged hedgies..all these guys who are levered HARD are hitting the FED up because of margin calls due. The FED cares because it is disruptive to the economy and market but stupid FED let the pigs lever up and did NOTHING about it...now they are going to bail out the levered pigs because they have an excuse. I say if you live by leverage you die by leverage...there was no TRILLION dollar back stop for homeowners who got caught on the wrong side of leverage so why the crap are we allowing the FED to do so for hedgies and banks? Trump is why...he is a levered pig who demands this and it sickens me.

On the Coinbase thing, if someone cannot access their account during crunch time what the hell good is the service? The service is only as good as how it performs in the worst of times.

I’ve never had a problem and I’ve used them a ton. 

Getting it going can be confusing and a pain. Once you do it a few times it’s a breeze.