Sand
Footballguy
Buy usdt, send to Kucoin, buy useful stuff, send out.
Buying usdt is super cheap. Sending is $10 last time I did it. Way cheaper than bridging from ETH.
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Bitcoin-Explain to me how to buy these things (2 Viewers)
- Thread starter Sheriff Bart
- Start date
Buying usdt is super cheap. Sending is $10 last time I did it. Way cheaper than bridging from ETH.
FreeBaGeL
Footballguy
So how does this Pulsechain thing work exactly? We get copies of all our ERC-20 assets, right? Is there any specific place we have to have them? IE I assume anything in metamask and other wallets will be copied. What about exchanges or sites like BlockFi/Celsius?
Is there a snapshot date?
Is there a snapshot date?
KGB
Footballguy
Yes, they have to be in your own wallet. no date yet, but my guess is before march.
all i know is metamask stuff, in there, in the top right corner it says "etherium mainnet" you will be using the pull down to add "pulsechain mainnet" or whatever they call it, and your freebies will be in there.
Orange&Blue
Footballguy
How low do we go?
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
[icon]
Insoxicated
I'm no expert but seems like there's pretty good support at ~41k. This would seemingly be a good buy-in point absent some sort of significant structural or fundamental breakdown.
If we blow past 41k then there looks like some really strong resistance in the low 30s.
- signed, noob
Added:
GBTC @ 29.24
ETHE @ 31.95
If we blow past 41k then there looks like some really strong resistance in the low 30s.
- signed, noob
Added:
GBTC @ 29.24
ETHE @ 31.95
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Sand
Footballguy
I did some similar wrangling at lunch today. Did some lending, borrowing, and ended up with an ETH/BTC farm position at 65% of my total, but with an APR of about 120% to help ease the volatility.
In other news, a place that I've been using to stake ONE, Tranquil Finance, put out an announcement that they are developing a metaverse type app. Farming token, which I've been selling, quintupled today. Damnit. At least I have a number of them that I haven't harvested lately, but still lost a few hundred by not stacking those. On the bright side the APR for staking ONE has gone to about 90% on the site, which is nice.
Nathan R. Jessep
Footballguy
to save me a search...
for those who have gone from regular Coinbase to Coinbase Pro, what's the process? Can you convert, or you have to set up a whole new account and transfer everything? or is there an Easy ButtonTM?
for those who have gone from regular Coinbase to Coinbase Pro, what's the process? Can you convert, or you have to set up a whole new account and transfer everything? or is there an Easy ButtonTM?
McBokonon
Footballguy
Once you have Coinbase, you also have Pro. It’s a separate app but they are connected in a way. I can’t remember because it’s been years, but you probably just sign in with the same credentials and then the two are linked.
You can deposit money right into Pro, buy crypto cheaper than on regular Coinbase, and then transfer right back to your existing Coinbase for free if you want (you’ll need to do this to stake or earn rewards.) However, Pro usually makes you wait around a week before you do the transfer/withdrawl.
FreeBaGeL
Footballguy
If I knew that institutions getting involved in crypto was going to turn it into little more than a leveraged stock market ETF where nonsense like interest rates and bond buying drives it, I'd never have been so happy about them buying it up.
I remember the days, just a few months ago, where crypto was totally disconnected from the stock market. I miss that. These wall street d-bags are exactly who we were trying to get away from.
I remember the days, just a few months ago, where crypto was totally disconnected from the stock market. I miss that. These wall street d-bags are exactly who we were trying to get away from.
KGB
Footballguy
I assume you know, but just in case, https://pulsex.com/ to get in at the best rate, you have until the 10th, well 9th, I guess
beer 30
Footballguy
I disagree on the ease of use. It’s a right royal PITA to have to be on 4 different exchanges and use 6 different wallets to buy one coin. Don’t disagree about the APY’s. Banks realized they are like toilet paper, who isn’t using one? You had minimal choice to stash your cash if you’re a working stiff.
Desert_Power
Footballguy
Seems like a weird example. If someone has a $30 debit charge being declined, then they're probably going to have huge issues paying when gas is high too
Captain Cranks
Footballguy
He forgets that the banking lobby is going to make sure their profits are protected. Banks aren't going anywhere, unfortunately.
Captain Cranks
Footballguy
Gensler was just on CNBC. They're gonna lay down the hammer on anyone who's raising money from the public. It's just a matter of when.
Captain Cranks
Footballguy
Sand
Footballguy
Another annual research report. Lots of good stuff in there.
If you're the TLDR (this one is way, way less dense and long than the last one) type, here is the video covering it.
If you're the TLDR (this one is way, way less dense and long than the last one) type, here is the video covering it.
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KGB
Footballguy
Total USD sacrificed so far $885,578,065
im not sure how to feel. good because that much has been sacrificed or bad because then it has to go up more
[icon]
Insoxicated
I think lumping "Crypto" into one vein is as silly as lumping "Stocks" into one vein.
I think BTC and ETH are in far less of a "bubble" than all these crazy ### coins. Supply is rather finite, and with institutional investment combined with large scale public adoption... prices are going to go up. For a full on crash I'd have to think institutional investments/banks would need to decide en masse that it was no longer a valid store of value.
Now all these ####coins folks trade... fun gamble... but the reality is there's going to be epic consolidation at some point. Yes... massive bubble.
I'm a firm believer we end up with:
STORE OF VALUE: We will have a few coins with one primary (BTC?).
CURRENCY: We'll have an assortment of these. I expect some national/regional level pockets... plus a couple/few global standards for purchases. Will need to be extremely efficient. Some countries will have their national crypto coin. Others will be more decentralized.
MICRO-TRANSACTIONS: Gaming and other microtransactional tokens will be more tied to ecosystems and generally used as currency within those systems, but can be interchangeable with other classes of coin.
This world of hundreds of meme coins is fun but will likely burn down to a core group. I'm also aware this perception is "water is wet' obvious to many in here
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Captain Cranks
Footballguy
How is this different than the first Pulse sacrifice? Whatever happened with that? I'm out of the loop.KGB said:
Captain Cranks
Footballguy
Capella
Footballguy
FreeBaGeL
Footballguy
Different coin. First sacrifice was for PLS. This is for PLSX which is the coin for the swapping site on pulse (like Uni, Joe, 1inch, etc)
Sand
Footballguy
Correlation between the S&P and crypto is at about .3 right now. So the assertion that it's attached at the hip to stocks is tenuous. It is its own little bubble.
Angry Beavers
Footballguy
FTM is my new favorite coin. 
Sand
Footballguy
My NEAR and AURORA are killing it lately. And the farms on Aurora network are great.FTM is my new favorite coin.
I was thinking of making a large bitcoin investment. Is there any tax implications or any other concerns I should be aware of when purchasing? Is it ok to buy a lump sum vs. splitting into multiple purchases? If so, is there any $$$ amount to buy specific amounts of bitcoin? Just want to make sure I'm not doing something that would raise a flag or unintended tax penalty (looking to buy, not sell).
KGB
Footballguy
You can buy whatever $ amount you want. If you want $1000 of bitcoin, and it sells for $42K, thats ok. you can still buy $1000 worth.
Besides that, as far as taxes, I think it about the same as stocks.
jm192
Footballguy
With all of the discussion about Paypal and Venmo freezing assets--how much does that play into Bitcoin/Ethereum's long term success?
I've long been intrigued, but always thought it was more FOMO than anything else. With this class action lawsuit over freezing assets--feels like a big hit in the way we send money to friends/family electronically.
I've long been intrigued, but always thought it was more FOMO than anything else. With this class action lawsuit over freezing assets--feels like a big hit in the way we send money to friends/family electronically.
Sand
Footballguy
Hadn't heard about this and saw this article. The only things I thought were that they shouldn't #### with Moneymaker and, holy crap, he won his title almost 20 years ago. Damn, I'm getting old.
KGB
Footballguy
brun
Footballguy
So the transfer completed yesterday morning. Made my purchases pretty much at the high point of the day. Sorry for causing this crash. My bad.
Lehigh98
Footballguy
I've been sitting on the sideline for a while in case there was an opportunity with a dip. But I haven't been paying close attention and there were a few that I missed. If someone (I) was going to enter to test the waters with something like $1k, would you guys recommend getting in now or see how this plays out again? If you were going to pick a price to buy in, what would it be? Would you go all BTC to start and diversify later or pick a few horses right off the bat. Thanks in advance for any thoughts / advice and I realize this is volatile and won't be blaming anyone for a wrong call.
