Do You BitCoin?

[NoSaint]

On 2/14/2023 at 7:47 PM, Poleshifter said:

If you have invested in Ethereum, you may want to read these articles.

 

Ethereum staking ban?

 

SEC overshadows shanghai hard fork

 

With the SEC going after Staking, the Ethereum Shanghai Hard Fork Upgrade (due on March 20) might not be good news as originally hoped.

If the Seven Siblings is activated on Ethereum, this major sell off will crash the price badly.

 

If you want a good alternative to ETH, Stellar Lumens (XLM) would be a wise choice, even though some posters like to give me grief about it.

Why Stellar Lumens?

 

Stellar Lumens joins CFTC global market advisory committee

 

I’ll say, I’m no expert on crypto but stellar is among my larger chunks.

[Poleshifter]

On 3/22/2023 at 5:25 PM, NoSaint said:

I’ll say, I’m no expert on crypto but stellar is among my larger chunks.

I'm no expert either. I have been buying and trading XRP and XLM for 2 1/2 years.

 

Are you trading XLM for other tokens, such as in Lobstr or Scopuly apps? There are some huge opportunities if you know which ones to trade for.

 

Stellar Network is the future. It will be the new stock market.

 

Putting your money into Stellar (XLM) is a wise move.

[DrDawkinstein]

Crypto showing decent resiliency through all this banking madness around the world. Dipped a bit yesterday and then bounced back big time last night.

 

Vibranium Hands.

[Doc]

28 minutes ago, DrDawkinstein said:

Crypto showing decent resiliency through all this banking madness around the world. Dipped a bit yesterday and then bounced back big time last night.

 

Vibranium Hands.

 

They're saying more people are entering the crypto market because of the banking madness.

[DrDawkinstein]

[NoSaint]

Ethereum having quite the run up

[ArdmoreRyno]

On 3/29/2023 at 9:27 AM, Doc said:

 

They're saying more people are entering the crypto market because of the banking madness.

 

I wish it would jump back to the October 2021 prices! My account is still 1/3 of what it was, but still up a ton since I first started investing in early 2018. ETC was around $120 back then. BTC was $8000

[Poleshifter]

“A Mammoth House of Cards”: Can We Trust Tether?

 

Just some food for thought if Tether is your crypto of choice.

 

[Mr Info]

14 hours ago, Poleshifter said:

URGENT!

I am moving my stuff from Lobstr to Lumendex - hoping to survive this...

 

CBKNEWS (where you got this) is a scam just like crypto.

[ICanSleepWhenI'mDead]

15 hours ago, Poleshifter said:

URGENT!

I am moving my stuff from Lobstr to Lumendex - hoping to survive this...

 

Lots of companies simultaneously declare bankruptcy at exactly the same time and announce it in advance.  Happens all the time.

[BillsFan4]

1 hour ago, Mr Info said:

CBKNEWS (where you got this) is a scam just like crypto.

Wait, so you mean all their tweets about “lizard people” being real, JFK still being alive and “important” Qanon drops aren’t true?? I’m crushed! 😂

 

[Jauronimo]

22 minutes ago, ICanSleepWhenI'mDead said:

Lots of companies simultaneously declare bankruptcy at exactly the same time and announce it in advance.  Happens all the time.

How the f@#$ can a wallet declare bankruptcy?  Trezor is literally hard storage. Its like saying the old coffee can I buried in my backyard is declaring bankruptcy and my cash will disappear.  Anybody who is even remotely aware of what crypto is should know this is an obvious lie.

[Doc]

The fact that Q Wallet put out that notice...

[DrDawkinstein]

1 hour ago, Jauronimo said:

How the f@#$ can a wallet declare bankruptcy?  Trezor is literally hard storage. Its like saying the old coffee can I buried in my backyard is declaring bankruptcy and my cash will disappear.  Anybody who is even remotely aware of what crypto is should know this is an obvious lie.

 

There's a huge FUD meltdown going on right now regarding Ledger wallets and their latest feature. I think that fake post was just trying to capitalize on it.

 

Edited May 22, 2023 by DrDawkinstein

[Ridgewaycynic2013]

2 hours ago, Jauronimo said:

How the f@#$ can a wallet declare bankruptcy?

Ask HOUSE.

 

[aristocrat]

On 5/11/2023 at 11:05 PM, Poleshifter said:

“A Mammoth House of Cards”: Can We Trust Tether?

 

Just some food for thought if Tether is your crypto of choice.

 

So when is the stock market moving to that platform you use? Seems to be taking a while 

[Poleshifter]

21 hours ago, aristocrat said:

So when is the stock market moving to that platform you use? Seems to be taking a while 

I wish I knew the timing of the big change.

[ICanSleepWhenI'mDead]

On 5/24/2023 at 1:24 PM, Poleshifter said:

I wish I knew the timing of the big change.

 

Just FYI  - - according to NIH, for most women it happens between the ages of 45 and 55.

[Jauronimo]

Blackrock is gaining traction in their bid for the first approved crypto ETF.  The SEC has rejected all applications for crypto ETFs citing a number of arguments the most compelling of which, in my opinion, is crypto exchanges are not regulated.  But Blackrock has a long history of successfully navigating the SEC and obtaining approval.

 

https://www.cnbc.com/2023/06/29/fidelity-joins-the-rush-for-a-bitcoin-etf-following-blackrock-ark-invest-and-others.html

https://www.ft.com/content/1886c3a3-3fb8-411a-b95a-e4667de560d1

 

This is potentially big for the crypto world and opens the door for many investors who want exposure to crypto without dealing with the complication of owning coin and private keys.  Its also very good news for me since I hold a little bit of Grayscale Bitcoin Trust which filed for ETF conversion years ago and has been suing the SEC.  GBTC trades at a discount to net asset value (NAV) of about 30% as of yesterday.  It was closer to 50% when I last bought.  Which means that actual bitcoin held by Grayscale is worth 30% more than a share of GBTC.  Conversion to an ETF would immediately result in a rise to market value.  See the link below for discussion of closed end funds and why they can trade at either a premium or discount relative to the value of the actual assets held.

 

https://grayscale.com/qa-what-converting-gbtc-to-an-etf-would-mean/

 

This is an arbitrage play on successful ETF conversion.  Based on all the activity I think theres a decent chance the SEC approves crypto ETFs.  

 

Graycsale Ethereum trades at a 50% discount.  I'm also looking at Grayscale Litecoin.

 

[TheCockSportif]

1 hour ago, Jauronimo said:

Blackrock is gaining traction in their bid for the first approved crypto ETF.  The SEC has rejected all applications for crypto ETFs citing a number of arguments the most compelling of which, in my opinion, is crypto exchanges are not regulated.  But Blackrock has a long history of successfully navigating the SEC and obtaining approval.

 

https://www.cnbc.com/2023/06/29/fidelity-joins-the-rush-for-a-bitcoin-etf-following-blackrock-ark-invest-and-others.html

https://www.ft.com/content/1886c3a3-3fb8-411a-b95a-e4667de560d1

 

This is potentially big for the crypto world and opens the door for many investors who want exposure to crypto without dealing with the complication of owning coin and private keys.  Its also very good news for me since I hold a little bit of Grayscale Bitcoin Trust which filed for ETF conversion years ago and has been suing the SEC.  GBTC trades at a discount to net asset value (NAV) of about 30% as of yesterday.  It was closer to 50% when I last bought.  Which means that actual bitcoin held by Grayscale is worth 30% more than a share of GBTC.  Conversion to an ETF would immediately result in a rise to market value.  See the link below for discussion of closed end funds and why they can trade at either a premium or discount relative to the value of the actual assets held.

 

https://grayscale.com/qa-what-converting-gbtc-to-an-etf-would-mean/

 

This is an arbitrage play on successful ETF conversion.  Based on all the activity I think theres a decent chance the SEC approves crypto ETFs.  

 

Graycsale Ethereum trades at a 50% discount.  I'm also looking at Grayscale Litecoin.

 

I am super familiar with Blackrock given my nearly 30 years in tech.  Let's hope that they don't want to invest in another submersible.