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Ren's old crypto thread || we know how to buy this stuff now (2 Viewers)
- Thread starter ren hoek
- Start date
ren hoek
Footballguy
Although it should be a disinterested financial choice, it's still a personal choice for me- I think BCH will have good utility (and by extension, market value) til the cows come home. I still think blockstream intentionally bottlenecked BTC's throughput capacity to incentivize their offchain "solution," to reward the credit card companies that fund it, and- whether they know it or not- absolutely destroyed Bitcoin's usefulness & chance of serious adoption.
But no- I don't think BCH will be the "winner" in any sense, at least as far as pure valuation goes.
Rhythmdoctor
Footballguy
Typo? Did you mean Ethereum? I like it but it’s not truly decentralized like btc is. I think it’s the 2nd surest crypto investment after bitcoin.
ren hoek
Footballguy
Never heard of it. If he was talking about ethereum I agree with rhythmdoctor except I'd rate it safer than bitcoin long term. People will actually use the ethereum network. It's already the most used blockchain in the world, and the disparity will only grow larger as time passes.
ren hoek
Footballguy
Couple interesting things for cryptobros out there that I've really only learned about in the past couple weeks.
I have a lot of money tied up on Uphold, much of it linked to price of gold, some to silver, a lot to BAT as well (not including BAT I have on a hardware wallet). I just learned this week that Uphold has partnered with a physical metal exchange named Ausecure, so you can use your balances on Uphold to purchase metal directly from Ausecure. Doesn't even have to match the currency 'card' on Uphold, just has to cover the balance due for the transaction. Cool.
I'm also looking for a good decentralized finance (DeFi) platform to loan out my BAT and start collecting interest. Wouldn't mind playing around with this 'yield farming' stuff- I suppose you could use a decentralized exchange to swap out of a given crypto into one that has more profitable APY. Interesting stuff, certainly not without its risks though.
I have a lot of money tied up on Uphold, much of it linked to price of gold, some to silver, a lot to BAT as well (not including BAT I have on a hardware wallet). I just learned this week that Uphold has partnered with a physical metal exchange named Ausecure, so you can use your balances on Uphold to purchase metal directly from Ausecure. Doesn't even have to match the currency 'card' on Uphold, just has to cover the balance due for the transaction. Cool.
I'm also looking for a good decentralized finance (DeFi) platform to loan out my BAT and start collecting interest. Wouldn't mind playing around with this 'yield farming' stuff- I suppose you could use a decentralized exchange to swap out of a given crypto into one that has more profitable APY. Interesting stuff, certainly not without its risks though.
ren hoek
Footballguy
Russia legalizes bitcoin and other cryptos, essentially removing them from legal jeopardy and legitimizing them in a sense. Not as legal tender, but as above board investment vehicles basically.
https://www.rt.com/russia/496959-russia-legalizes-cryptocurrencies/
Digital financial assets, including cryptocurrencies, will be permitted to сirculate legally in Russia soon, but if you're planning to go shopping with bitcoin, or other variants, forget it. They won't be legal tender.
According to the new rules, due to come into force in January 2021, Russian citizens will be allowed to buy and sell bitcoin and other digital denominations. Until now, various cryptocurrencies have been in a “grey zone,” as the state did not recognize their existence, but no penalties for mining or buying them existed either.
https://www.rt.com/russia/496959-russia-legalizes-cryptocurrencies/
Digital financial assets, including cryptocurrencies, will be permitted to сirculate legally in Russia soon, but if you're planning to go shopping with bitcoin, or other variants, forget it. They won't be legal tender.
According to the new rules, due to come into force in January 2021, Russian citizens will be allowed to buy and sell bitcoin and other digital denominations. Until now, various cryptocurrencies have been in a “grey zone,” as the state did not recognize their existence, but no penalties for mining or buying them existed either.
Bluto Blutarsky
Footballguy
Angry Beavers
Footballguy
I keep getting alerts from coin base that it is surging and then pulling back, rinse and repeat.Bluto Blutarsky said:
ren hoek
Footballguy
Never could figure out what caused it. Now the markets are crashing of course. It will have its moment in the sun.
