Bitcoins/Litecoins/Virtual Currencies

Sanrith Descartes

Sanrith Descartes

Von Clippowicz
<Aristocrat╭ರ_•́>
41,536
107,628
Mist said:
www.cnbc.com

Bitcoin traders using up to 100-to-1 leverage are driving the wild swings in cryptocurrencies

Bitcoin's aggressive declines are being driven by much more than regulatory headlines or herd mentality.
www.cnbc.com www.cnbc.com
Click to expand...
Donald Trump GIF by CBS News
 
  • 1Worf
Reactions: 1 user
Furry

Furry

WoW Office
<Gold Donor>
19,681
24,927
Sanrith Descartes said:
Donald Trump GIF by CBS News
Click to expand...
100 to 1 leverage? There's no way that it wasn't just a scam to take money people invested. Even a minor fluctuation would blow the bank up faster than it could margin call. Let me guess, the "bank" was generously holding the coins in its own care.
 
  • 2Like
Reactions: 1 users
Flobee

Flobee

Vyemm Raider
2,611
3,004
Furry said:
100 to 1 leverage? There's no way that it wasn't just a scam to take money people invested. Even a minor fluctuation would blow the bank up faster than it could margin call. Let me guess, the "bank" was generously holding the coins in its own care.
Click to expand...
Most leverage accounts require collateral to be held as I understand it.
 
Nester

Nester

Vyemm Raider
4,931
3,132
I am sure you have heard of or read my post about QUADRIGA CX

32 year old founder dies on honeymoon (complications due to crones disease they say) in India with all Passcodes in his head for the exchange)

CBC has a very interesting story on it. Apparently the founders had a history of fraud.

Everyone i know in Canada with Crypto used this service. I bailed at the crash of 2018 so lost nothing due to the fraud.



NO question in my mind this due faked his death. Odds are someone has since put in the ground for real
 
Sanrith Descartes

Sanrith Descartes

Von Clippowicz
<Aristocrat╭ರ_•́>
41,536
107,628
Nester said:
I am sure you have heard of or read my post about QUADRIGA CX

32 year old founder dies on honeymoon (complications due to crones disease they say) in India with all Passcodes in his head for the exchange)

CBC has a very interesting story on it. Apparently the founders had a history of fraud.

Everyone i know in Canada with Crypto used this service. I bailed at the crash of 2018 so lost nothing due to the fraud.



NO question in my mind this due faked his death. Odds are someone has since put in the ground for real
Click to expand...
I feel like i have seen this moving before.
 
Pancreas

Pancreas

Vyemm Raider
1,125
3,818
Intrinsic said:
Wire transfer from the house sale went through! Let’s boogie!
Click to expand...
I have nothing of value to add to this thread, but I do think it's funny that the "to the moon" reaction shows a shuttle launch. Shuttles which only ever made it into orbit, experienced catastrophic failures and crashes on multiple occasions and have since been replaced with more efficient and reliable vehicles.

So yeah, seems totally appropriate.
 
  • 1To the Moon!
Reactions: 1 user
Daezuel

Daezuel

Potato del Grande
22,922
48,476
Wife suggested we shave the dogs back and tattoo my wallets seed phrase on there. I've got a keeper!
 
  • 3Worf
  • 1Double Worf
  • 1Genius!
Reactions: 5 users
Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
<Charitable Administrator>
10,552
54,400
Pancreas said:
I have nothing of value to add to this thread, but I do think it's funny that the "to the moon" reaction shows a shuttle launch. Shuttles which only ever made it into orbit, experienced catastrophic failures and crashes on multiple occasions and have since been replaced with more efficient and reliable vehicles.

So yeah, seems totally appropriate.
Click to expand...
Don't overthink it, it's just the coolest gif I could find.
 
  • 2Like
Reactions: 1 users
Daezuel

Daezuel

Potato del Grande
22,922
48,476
Just googled for news about this

www.theblockcrypto.com

Gaming retailer GameStop is building an NFT platform on Ethereum

Details about the project are scant though it appears GameStop will use Ethereum as a technology base.
www.theblockcrypto.com www.theblockcrypto.com

The exact scope of the project is unclear, though prominently featured on the page is a link to an Ethereum address, indicating that GameStop's team will use Ethereum as a technology base.

The smart contract code declares "Game On Anon" and links to GameStop's NFT page and indicates that potential GameStop-released NFTs will utilize Ethereum's ERC721 standard. The code also points to a dedicated token, GME.
Click to expand...
 
Arden

Arden

Blackwing Lair Raider
2,648
1,941
This is definitely just the beginning. Expect a lot more of this stuff- most of it built on ETH.

Like I said in April, however much ETH you have now, you'll wish you had more very soon.
 
  • 2Like
Reactions: 1 users
Rajaah

Rajaah

Honorable Member
<Gold Donor>
11,387
15,054
Just got one of the checks I was waiting for. After June bills I'll have a pretty solid amount left. Thinking TrueBit, but I'm also really keen on shoring up (down) my average on Eth or MATIC. Decisions, decisions.

::gif of a generalissimo with a gun pacing up and down a row of kneeling sacrifices here::

MATIC is too high now IMO. Sunday would have been great for that. I think I'll go Eth for my next round, but I really want a bit more Truebit. ....and as I type this it looks like Eth spiked in the last couple hours. Sigh.

Question, can I set up a separate Ethereum staking account? Like if I go to Coinbase can I put $1000 in an interest-bearing staked Ethereum holding that's separate from the rest of my Ethereum on there? Like a college savings fund for a kid sort of thing that I just want put aside and never look at or fool with, that's easy to keep track of since it's separate from the rest.

Would I need to basically just start a second Coinbase account?

As for staking, is joining the ETH2 wait list the way to go on that?

I dunno, I use Binance, haven't touched Coinbase in ages but I keep some Ethereum on there to pay for Uniswap gas fees etc.
 
You must log in or register to reply here.