Bitcoins/Litecoins/Virtual Currencies

Coin stonks

Just the latest of a -very- large number of scammers getting exposed. 99% of influencers, especially ones that focus on 'altcoins' are low integrity grifters.

Flobee said:

Just the latest of a -very- large number of scammers getting exposed. 99% of influencers, especially ones that focus on 'altcoins' are low integrity grifters.

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Don't need to be exposed if it was obvious the whole time!

Mist said:

Don't need to be exposed if it was obvious the whole time!

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Wouldn't think that reading this thread over the past year or more

Does anyone have experience with Coinbase support? I've used coinbase for years, more recently Coinbase Pro but they recently closed that product and moved all my crypto back to Coinbase.

Problem is, I can no longer send any crypto, I bought a hardware wallet and I was planning on transferring it all to it in light of FTX and rumors of Binance being in trouble, but they throw up some bullshit generic message about being 'unable' to send and to contacting support. I contact support and they had me verify my identity with my drivers license (again), and then said to wait for support to email me back but the whole thing is worrying me a bit. Their automated process claims my ID is successfully verified but it still doesn't work, so they escalated it to someone else and now I"m just waiting and hoping they actually fix it.

I did sell a small fraction of ETH I've had and it seems to be successfully sending the USD to my bank account so maybe worst case I can do that with the rest.

I have a lingering 5-10k in both Binance.US and Nexo. Which given recent events is not ideal. I thought about pulling it all out and I’m sure I’ll be eating crow in a year, but it’s not a significant portion of my assets so I figure, fuck it, let it ride. It’s basically a btw/eth swap system where once a week I gain small fractions of both coins.

I still have faith in crypto as a concept but clearly only btc or maybe eth will survive this shift and most of crypto is shitcoin, which is basically an unregulated Penny stock if you want to simply it. I’m not confident enough to dump my life saving in it, but I’ve got maybe 50k scattered in various exchanges and cold wallets. I do think btc will survive this and find a purpose. im looking at it like a bonus 401k, so fuck it, let’s go.

Anyone think there is anything to the rumors that the latest crypto spike is because of the FAA outage + ransomwhere attack?

Break said:

Anyone think there is anything to the rumors that the latest crypto spike is because of the FAA outage + ransomwhere attack?

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Heard rumors of multiple $5bn BTC purchases over the weekend via on-chain analysis. I haven't seen any proof that though, nor any proof that a large sum was sent to an unknown wallet from an exchange, or from one large wallet to another. Granted this sort of transaction could be done with multiple smaller transactions... but I haven't seen any proof of that as of right now.

Can't wait to see how they screw this up.

Ranak said:

Can't wait to see how they screw this up.

U.S. to announce international cryptocurrency action -statement

The U.S. Justice Department will "announce a major, international cryptocurrency enforcement action" on Wednesday, it said in a statement, adding the U.S. Treasury Department will also make an announcement.

www.reuters.com

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A lot of regulation is coming. Expect plenty of 'events' to rationalize and popularize this regulation. Plenty of people are going to get rugged, alts will be at fault, but Bitcoin will be blamed. There are no good faith arguments for lumping Bitcoin and centralized scam coins together, but that's the play we're gunna see IMO.

they ignore you
they laugh at you
they fight you <--- We are here
you win

Kiroy said:

fixed your scenario to be more realistic

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Maybe. If so enjoy your Fedcoin reality. Boy I hope I don't lose all my protein credits for fanboying Bitcoin on the internet.

Generally "enforcement action" means a specific raid or seizure. Not a new regulation.

I'm cashing out all my crypto from coinbase at a pretty big loss overall, well like 20% down from what I paid I think. They won't let me withdraw crypto but will let me sell and send the USD back to my bank account, their ID verification system is broken and their chat support is useless. Better this week than last though.

Ranak said:

Can't wait to see how they screw this up.

U.S. to announce international cryptocurrency action -statement

The U.S. Justice Department will "announce a major, international cryptocurrency enforcement action" on Wednesday, it said in a statement, adding the U.S. Treasury Department will also make an announcement.

www.reuters.com

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"charges against a tiny china-based exchange that no one has ever heard of"

Flobee said:

US Charges Crypto Exchange Bitzlato With Laundering $700M

Authorities have accused the little-known platform of laundering funds tied to illicit Russian finance and have arrested its founder.

www.coindesk.com

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Yeah this one.

Major enforcement action looooooooooooool.