What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Bitcoin-Explain to me how to buy these things (1 Viewer)

FreeBaGeL said:
Is there any way to get BNB into Metamask or Trust Wall on BSC network without binance?

I have a bunch of BNB in my binance account but the BEP-20 network is down for withdrawals so I can't transfer out.  It's been down a few days now and some stuff I want to buy is on sale.

Man I hate dealing with Binance.  Why can't everyone just build their projects on AVAX that network is a delight to use.
Click to expand...
I buy my BNB on Kucoin and transfer it over that way, if that's an option for you.  You could also convert to something that you can transfer to MM, then swap it back for BNB on pancakeswap.  

 
Hearing all about this today on The Compound and Friends Podcast and on CNBC.  Any thoughts on the new WisdonTree Crypto Index?  It's not open for individual investors at this point, but thoughts on the coins and allocations they chose?  I've been thinking of doing something like this in my Coinbase account, and I know some of you have your own "index funds" as you allocate across multiple coins and protocols.

 
SFBayDuck said:
Hearing all about this today on The Compound and Friends Podcast and on CNBC.  Any thoughts on the new WisdonTree Crypto Index?  It's not open for individual investors at this point, but thoughts on the coins and allocations they chose?  I've been thinking of doing something like this in my Coinbase account, and I know some of you have your own "index funds" as you allocate across multiple coins and protocols.
Click to expand...
I friend / contact I met in cannabis has gone to work as the CTO of Makara. They are doing something similar.

https://makara.com/baskets

 
Captain Cranks said:
I buy my BNB on Kucoin and transfer it over that way, if that's an option for you.  You could also convert to something that you can transfer to MM, then swap it back for BNB on pancakeswap.  
Click to expand...


Thanks.

I didn't realize KuCoin could send over BEP-20 but looks like it can.  I see lots of people on Reddit losing their coins when they transferred BACK to KuCoin since it looks like it doesn't receive BEP-20, but it looks like sending it will work.

 
Captain Cranks said:
So far everything's still above key support.  No need to panic and, as you suggested, is probably a good time to buy longer term.
Click to expand...
I was being facetious of course- I think crypto is a huge risk asset and markets are in a historic bubble.  I’m waiting for blood in the streets to really start ponying up again.  Just sitting in metals for rn 

But best of luck to those who are buying 

 
Nibbled on ETH at 3,800.  Well see if that was smart in a bit here.

 
Last edited by a moderator:
ren hoek said:
I was being facetious of course- I think crypto is a huge risk asset and markets are in a historic bubble.  I’m waiting for blood in the streets to really start ponying up again.  Just sitting in metals for rn 

But best of luck to those who are buying 
Click to expand...
If you're a trader you should be worried.  As a long term investor, these are the times to leg in.  

 
Captain Cranks said:
If you're a trader you should be worried.  As a long term investor, these are the times to leg in.  
Click to expand...
Long term I think we'll definitely see bitcoin below 30k again, maybe 20k.  Again I have absolutely no idea.

https://colintalkscrypto.com/cbbi/

But this is a pretty interesting index that tracks historic 'tops' & 'bottoms' based on several indeces.  I'm not bullish like some people are but it does seem to project when the tops & bottoms are approaching.  Generally when it approaches 95-98 it's time to get out.  But I don't think it covers for weird externalities like covid, financial collapse, the regulators, black swan events etc.  

 
ren hoek said:
https://colintalkscrypto.com/cbbi/

But this is a pretty interesting index that tracks historic 'tops' & 'bottoms' based on several indeces.  I'm not bullish like some people are but it does seem to project when the tops & bottoms are approaching.  Generally when it approaches 95-98 it's time to get out.  But I don't think it covers for weird externalities like covid, financial collapse, the regulators, black swan events etc.  
Click to expand...


I played around with it but it doesn't seem like it's really tracked much well at all since ~2017.  Obviously as the price goes higher "confidence that we're at the peak" goes higher.  But since 2017 the pullbacks have occurred when that metric was all over the place, and never anywhere close to 95-98.

 
Not saying we do, but if we can reclaim the broken support levels by end of day after having flushed out a ton of leverage, that would be bullish.  

 
What is the best safe way to earn a passive yield on some money that's sitting in a bank account?  This is money I'm actively spending and may actively need on quick notice so not something I can just throw in the stock market where I may need to draw it out when the market is down.

I'm thinking something pegged to a stable coin so it can literally only go up, but at a yield much higher than the 0.025% or whatever crap I get in the savings account right now.

My main concern is this is a decent chunk of change and I don't want to lose it to hacking or my own stupidity or whatever.  So looking for a combo of the best yield and more secure/easy.  I'm not sure if that means just collection 10% or whatever on an exchange (how big is the risk of losing that money on an exchange via a hack or something?), or putting it in a metamask wallet and backing it up with a hardware wallet, and where within that environment offers the best yields if that's the best approach.

 
FreeBaGeL said:
What is the best safe way to earn a passive yield on some money that's sitting in a bank account?  This is money I'm actively spending and may actively need on quick notice so not something I can just throw in the stock market where I may need to draw it out when the market is down.

I'm thinking something pegged to a stable coin so it can literally only go up, but at a yield much higher than the 0.025% or whatever crap I get in the savings account right now.

My main concern is this is a decent chunk of change and I don't want to lose it to hacking or my own stupidity or whatever.  So looking for a combo of the best yield and more secure/easy.  I'm not sure if that means just collection 10% or whatever on an exchange (how big is the risk of losing that money on an exchange via a hack or something?), or putting it in a metamask wallet and backing it up with a hardware wallet, and where within that environment offers the best yields if that's the best approach.
Click to expand...
Blockfi might be a good option. They were allowing one free withdraw per month but I think that is changing and worth investigating 

 
Last edited by a moderator:
FreeBaGeL said:
What is the best safe way to earn a passive yield on some money that's sitting in a bank account?  This is money I'm actively spending and may actively need on quick notice so not something I can just throw in the stock market where I may need to draw it out when the market is down.

I'm thinking something pegged to a stable coin so it can literally only go up, but at a yield much higher than the 0.025% or whatever crap I get in the savings account right now.

My main concern is this is a decent chunk of change and I don't want to lose it to hacking or my own stupidity or whatever.  So looking for a combo of the best yield and more secure/easy.  I'm not sure if that means just collection 10% or whatever on an exchange (how big is the risk of losing that money on an exchange via a hack or something?), or putting it in a metamask wallet and backing it up with a hardware wallet, and where within that environment offers the best yields if that's the best approach.
Click to expand...
I've got stablecoins sitting in Voyager and Gemini earning 8-9%. They both seem fairly safe to me, as safe anything crypto is. I'm also a big fan of churning bank/brokerage bonuses for extra yield.

 
Thanks. How vulnerable are blockfi/voyager/gemini to hacking or the like? Is the money insured in some way against them having a security breach or going out of business? 

 
FreeBaGeL said:
What is the best safe way to earn a passive yield on some money that's sitting in a bank account?  This is money I'm actively spending and may actively need on quick notice so not something I can just throw in the stock market where I may need to draw it out when the market is down.

I'm thinking something pegged to a stable coin so it can literally only go up, but at a yield much higher than the 0.025% or whatever crap I get in the savings account right now.

My main concern is this is a decent chunk of change and I don't want to lose it to hacking or my own stupidity or whatever.  So looking for a combo of the best yield and more secure/easy.  I'm not sure if that means just collection 10% or whatever on an exchange (how big is the risk of losing that money on an exchange via a hack or something?), or putting it in a metamask wallet and backing it up with a hardware wallet, and where within that environment offers the best yields if that's the best approach.
Click to expand...
Easiest and simplest is a CEX like Voyager, BlockFi, or Celsius.  I have money in all three.  I'd also feel very comfortable holding money in Gemini. You don't need Metamask or a hardware wallet for these - they hold the keys and act like a savings account.  I think all four are very safe and if you're willing to lock in your money for a bit the bonuses at Celsius can't be beat.  For a deposit of 26k in total you can get an extra $750 out of them.  Have to hold for a quarter.  For smaller amounts, $5k down to $200 there are good bonuses, as well.  If you go this way let me know and I'll lay out a promo code set based on your deposit amount.

You said you may need the money, so the best best may be Gemini.  Blockfi is very thorough and slow to withdraw (otherwise great).  Gemini will get you 8% on USDC and is pretty quick.  I regard USDC as the most stable of stablecoins.  For Gemini sign up through the Fool to get $150 on $1000 - nice bonus!

https://www.fool.com/the-ascent/cryptocurrency/gemini-exchange-review/

 
FreeBaGeL said:
Thanks. How vulnerable are blockfi/voyager/gemini to hacking or the like? Is the money insured in some way against them having a security breach or going out of business? 
Click to expand...
Nothing is unhackable, but they are about as safe as any other place out there (IMO).  My understanding is they keep most of the keys in cold storage so in the event of the worst only a sliver of the money can be taken.  They all have big money behind them, so I'd expect security to be very high on the list.  

 
BTC and ETH are almost all the way back now but most other things still way down.

They are the only 2 green today in a sea of red w/ everything else.

This is my first time being in all these alts during a "crash".  Do they usually take a lot longer to bounce back even once BTC/ETH are consolidating and grinding nicely?

 
FreeBaGeL said:
BTC and ETH are almost all the way back now but most other things still way down.

They are the only 2 green today in a sea of red w/ everything else.

This is my first time being in all these alts during a "crash".  Do they usually take a lot longer to bounce back even once BTC/ETH are consolidating and grinding nicely?
Click to expand...


It can bounce back pretty quickly but generally speaking it's 4-5 days.   I was looking forward to placing a bet tomorrow.

Just my observation.  FWIW

 
Captain Cranks said:
I wish BTC would have reclaimed $50k.  As it stands, most of the market looks primed for another flush from a technical perspective.  
Click to expand...
I just looked and Dow up over 200 & Nasdaq 20 or so pre-market. 

I agree with you though. Omnicron now in 17 states after only first being detected on Friday. At this rate it will probably be in all 50 by the end of the week.  I thought that alone would cause us pain in the market. 

 
2Squirrels1Nut said:
Yes, that was posted in the stock thread and hopefully true.  Still, the market is known to overreact at times. 
Click to expand...


Fauci actually came out and said it today so maybe that's why futures are bullish.

"“Thus far, it does not look like there’s a great degree of severity to it,” Fauci said. “But we have really got to be careful before we make any determinations that it is less severe or it really doesn’t cause any severe illness, comparable to delta.”"

 
Some bits of alpha from the Neo Tokyo community. 

1. This is a good time to optimize your taxes for 2021.  There are no wash sale rules for crypto right now, so selling at a loss and rebuying is not against IRS rules. 

2.  ZK-rollups are getting buzz.  They would act as a layer 2 solution to reduce gas fees on Ethereum.  A lot of people are preparing for a free airdrop on zksync in the coming weeks/months and you'd likely be eligible by using their platform. 

 
Captain Cranks said:
Some bits of alpha from the Neo Tokyo community. 

1. This is a good time to optimize your taxes for 2021.  There are no wash sale rules for crypto right now, so selling at a loss and rebuying is not against IRS rules. 

2.  ZK-rollups are getting buzz.  They would act as a layer 2 solution to reduce gas fees on Ethereum.  A lot of people are preparing for a free airdrop on zksync in the coming weeks/months and you'd likely be eligible by using their platform. 
Click to expand...


I've got my zksync wallet setup and ready...but haven't dropped any ETH in there yet. 

 
Captain Cranks said:
Some bits of alpha from the Neo Tokyo community. 

1. This is a good time to optimize your taxes for 2021.  There are no wash sale rules for crypto right now, so selling at a loss and rebuying is not against IRS rules. 

2.  ZK-rollups are getting buzz.  They would act as a layer 2 solution to reduce gas fees on Ethereum.  A lot of people are preparing for a free airdrop on zksync in the coming weeks/months and you'd likely be eligible by using their platform. 
Click to expand...


Good timing I was just about to drum up some discussion on ZK-rollups.

I've been playing around with it in preparation for the airdrop.  A lot of people are talking about them as the savior of ETH but I can't really figure out how, from a user standpoint, they're really any different than any other ETH L2.

From the way people were talking I thought it was going to work transparently in the background and I could just use my ETH like L1 ETH.  But it doesn't appear to be that way.  I have to bridge my ETH over to ZK, pay ETH gas fees on that bridge, and then my ETH is locked into that L2 until I move it back (pay gas fees again, I think?).  Using Immutable X also I don't really notice any difference between how ZK works and how IMX or any other ETH L2 works.  What am I missing?

 
FreeBaGeL said:
Good timing I was just about to drum up some discussion on ZK-rollups.

I've been playing around with it in preparation for the airdrop.  A lot of people are talking about them as the savior of ETH but I can't really figure out how, from a user standpoint, they're really any different than any other ETH L2.

From the way people were talking I thought it was going to work transparently in the background and I could just use my ETH like L1 ETH.  But it doesn't appear to be that way.  I have to bridge my ETH over to ZK, pay ETH gas fees on that bridge, and then my ETH is locked into that L2 until I move it back (pay gas fees again, I think?).  Using Immutable X also I don't really notice any difference between how ZK works and how IMX or any other ETH L2 works.  What am I missing?
Click to expand...
:confused:

 
You must log in or register to reply here.

Similar threads

Instinctive
Changing jobs - things to do?
Replies
49
Views
1K
rockaction
rockaction
SWC
link me some great old threads brohans
Replies
22
Views
578
rustycolts
rustycolts
Chadstroma
How to Tell Someone is a Good Person by the Small Things
2 3
Replies
117
Views
3K
urbanhack
urbanhack

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top