Mist
Eeyore Enthusiast
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
James
Ahn'Qiraj Raider
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Kuro
Naxxramas 1.0 Raider
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I think crypto has a role in the economy moving forward, but am unsure as to which vehicles for purchase are safe/functional. Looking to spend a small % of my investment portfolio in the space, probably split between Bitcoin and Ethereum.
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Now's not really the time to buy, IMO. Things have been on a steady upward trend approaching the ATH's of last March - April. It's likely that this is temporary and ETH and BTC will come back down. Were I you and had $0 already in the crypto space I would wait entirely. OR alternatively I would put some money into stablecoins (USDC, USDT, etc) and wait for a good point to trade them into ETH or BTC at a lower price down the road. You can also earn some semi-decent APR with stablecoins at places like Voyager or Blockfi. Doing this would familiarize yourself with the mechanics of the space and how to xfer things back and forth, but even doing that right now is fairly expensive with ETH gas fees being so high and with xfer fees from exchanges like Coinbase and Binance.
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Hold up a second here.... You're saying you haven't heard any hype around $SOL? Just how heavy is the rock you live under? How much in rent? heh
Flobee
Vyemm Raider
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I would suggest not relying on this thread for your crypto strategy. Spoilered some decent resources below to help get started. None of them are foolproof. This space has no heroes, do your own research, everyone is a scammer.
If you're looking for trading advice, the below won't be very helpful. Buy and hold Bitcoin. Everything else is gambling.
www.lopp.net
tftc.io
nakamotoinstitute.org
www.hope.com
If you want shitcoin resources then you don't need any help. That garbage is everywhere
If you're looking for trading advice, the below won't be very helpful. Buy and hold Bitcoin. Everything else is gambling.
Jameson Lopp's Bitcoin Resources
A comprehensive guide to educational Bitcoin information and resources. Hundreds of links that help answer the question: What is Bitcoin?
TFTC – Truth for the Commoner
Curated content that surfaces truth and provides actionable advice in a world filled with gaslighting and complaining.
tftc.io
Everyone's a Scammer | Satoshi Nakamoto Institute
Advancing and preserving Bitcoin knowledge
Bitcoin is Hope
Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account...
If you want shitcoin resources then you don't need any help. That garbage is everywhere
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Rajaah
Honorable Member
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Crypto will cure cancer and heal the class divide. It will end war. You want to end war, don't you?
Also, welcome. ONE OF US. ONE OF US.
Rajaah
Honorable Member
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Truebit hasn't cratered. It started out in the first week higher than it has been since then, but it's been on a slight ascent and I've made money on it. It started out overvalued as a lot of things do (see also the COIN stock) and it just needed to adjust.
This is how it has done post overvalued first week. It isn't even on any of the major trading platforms (Coinbase, Binance, or even Robinhood) yet.
But yeah, the slow and steady coins to get are BTC and ETH. They're both on highs right now, though.
James
Ahn'Qiraj Raider
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I wouldn't plan on Truebit seriously pumping until we start seeing tasks run through the system, but who knows with this kind of stuff. I look at Truebit as a 5 year investment, stack now worry about selling later, and LP it to collect some fees in the meantime.
Arden
Blackwing Lair Raider
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Not too many people there are happy about it, unfortunately.
Majority of Salvadorans do not want bitcoin, poll shows
Most Salvadorans disagree with the government's decision to adopt bitcoin as legal tender, with many unaware of how to use the digital currency and distrustful of the project, a poll by the Central American University (UCA) showed on Thursday.
Flobee
Vyemm Raider
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I wouldn't take MSM seriously here. The FUD wave is going to be massive on this. I have no doubt its not 100% approved by the people, but I simply don't trust the source
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Arden
Blackwing Lair Raider
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Reuters is pretty believable as a general rule. I definitely give them more weight than cryptopotato.com or whatever anyway. I don't think they are just fabricating the poll or its results. I feel pretty confident that this is news, not FUD.
It's also believable on its face. Bukele has a reputation for authoritarian tactics and basically doing what he wants, whether his citizens want it or not.
That said, the same poll found that something like 8 or 9 out of 10 Salvadorians don't even really know wtf BTC is. Hard to take opposition seriously if the opponents don't even understand what they are opposing.
I mainly just posted it because it seemed interesting and relevant. It's definitely still up in the air whether this will turn El Sal around and be beneficial for its people or if it's just a huge money laundering tactic to help make El Sal a hub for billions of dollars of dirty money (which, of course, Bukele would get a huge cut from).
Super interesting social experiment either way imo, and an opportunity for crypto and BTC to prove their value (maybe).
Lanx
<Prior Amod>
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i'm sure it's el salvador and their 200btc that pushed btc to stay at a stable 50+k
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Lanx
<Prior Amod>
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while not a tier 1 fake news shitstain
reuters has shown it is very biased
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Arden
Blackwing Lair Raider
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Dude, 90% of news orgs these days count as "tier 1 fake news shitstains" so I'm pretty happy with anything outside of that category tbh.
Plus, I could be wrong, but I haven't seen anything to make me think Reuters is biased against BTC specifically.