Bitcoins/Litecoins/Virtual Currencies

Haus

Haus

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I love getting scam texts like these....
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And thinking to myself... They're sure doing a lot of work for a coinbase account with currently around $9 of scraps in it. Times must be rough for em.
 
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Flobee

Flobee

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The fact they even know you have a Coinbase account to try to scam you is an indictment of the KYC/AML structure. These institutions can't protect your data so they shouldn't be required to collect it.
 
Foler

Asshat Foler

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Flobee said:
The fact they even know you have a Coinbase account to try to scam you is an indictment of the KYC/AML structure. These institutions can't protect your data so they shouldn't be required to collect it.
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Who says they know? I also got this same text over the weekend.
 
Haus

Haus

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Flobee said:
They're targeting people that have exchange accounts, whether its coinbase or otherwise
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Why would they put that level of effort in? If you're carpet bombing text smishing you just throw at everybody. I've gotten attempts like this involving "bank account access" for banks I have never had accounts with.
 
Flobee

Flobee

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Haus said:
Why would they put that level of effort in? If you're carpet bombing text smishing you just throw at everybody. I've gotten attempts like this involving "bank account access" for banks I have never had accounts with.
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I know for a fact KYC/AML databases are available for use publicly, hacks happen ALL the time. As to why to use one method over another, I could guess but you'd have to ask a scammer.
 
Haus

Haus

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So.. are we finally starting to see BTC actually decouple from the stock market and start behaving more like gold?

Unrelated but gave me a "reasonable chuckle"
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Arden

Arden

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Haus said:
So.. are we finally starting to see BTC actually decouple from the stock market and start behaving more like gold?

Unrelated but gave me a "reasonable chuckle"
View attachment 583246
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Looks like it. Posted about this almost a month ago when we first started to see the divergence. I was pretty cautious about claiming a true divergence at the time, but we've now seen some sustained action that continues to point in that direction.

Pretty awesome watching it happen. This is exactly what it was built for, but until now it hasn't really lived up to its potential. But then you could argue this is the opportunity it needed to do so.

Normal caveats: it could reverse course at any time. Also, if we get an actual crash of some sort, it's likely to drop with everything else due to a liquidity crunch- but it's also likely to come back quicker and rise to new heights.
 
Flobee

Flobee

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I think I may collect some of the bullish stuff thats been happening lately for Bitcoin. I'm not sure how much exposure this is getting to people that aren't watching this space super closely.



Treasury Secretary:


State level Bitcoin reserve legislation


Lutnik's son leading this, 42k Bitcoin in treasury to start:


Legal Clarity:
 
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Flobee

Flobee

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Few more and I'm being lazy and combing only 1-2 sources. There has been sooo much more than this over the past 6 months. Will try to be a bit better about sharing when I have time.

Bessent on Gold/BTC as store of value:


Corporate treasuries hold ~5% of total supply:


Spaceforce bro talking about Bitcoin as power projection. I don't totally agree with him, but the military is 100% having these conversations:


US Treasuries are not the Global Reserve Asset anymore:


Problem, solution:
 
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Flobee

Flobee

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Couple notables I didn't mention

Repeal of SAB 122 - Banks can custody 'crypto' now


Bessent's speech yesterday- overview here including an "AI synopsis", bottom line is global economic reordering is going to happen. Its a matter on how/when other countries get to the table:
www.tftc.io

The Global Economic Reordering Die Has Been Cast

There is no turning back.
www.tftc.io www.tftc.io

Small tidbit from this article below. I don't see ANYONE talking about the risk to 10y treasuries as collateral that this represents. If this unwinds its going to be the next big print, and each print is bigger than the last. Where is that capital going to go if the TREASURY market is the risk factor that sets it off? Personally, I wouldn't want to own any market built on top of that foundation.

The $1 Trillion Basis Trade Time Bomb​

The massive basis trade currently looming over financial markets represents a systemic risk that dwarfs previous crises. As James Lavish warned during our conversation, approximately $1 trillion in leveraged positions exist within this trade - ten times larger than those held by Long-Term Capital Management before its 1998 collapse. These trades employ staggering leverage ratios between 20x to 100x just to make minuscule basis point differences profitable. The Brookings Institution, which Lavish describes as a "tacit research arm of the Fed," has published a paper explicitly warning about this trade's dangers.

"The Brookings Institution came out with a solution... instead of printing money this time, the Fed will just take the whole trade off of the hedge funds books. Absolutely, utterly maniacal. The thought of the Fed becoming a hedge fund... it's nuts." - James Lavish
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What makes this situation particularly alarming is how an unwind could trigger cascading margin calls throughout interconnected financial markets. As Lavish explained, when positions begin unwinding, prices move dramatically, triggering more margin calls that force more selling. This "powder keg behind the scenes" is being closely monitored by sophisticated investors who understand its destructive potential. Unlike a controlled demolition, this unwinding could quickly become chaotic, potentially forcing unprecedented Fed intervention.
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Haus

Haus

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OK. thoughts on this strategy, and how insane am I?

I'd been playing around with a lot of alts for a while, but some time ago I realized I had better things to do with my time (at least for now). At the time I had around 33% of my crypto holdings in BTC, and the other 66% on the ETH chain split up in various places (a lot in MATIC and it's L2 since at the time ETC transaction fees were insane, and I could play on MATIC with essentially negligible fees.)

I consolidated everything down. Now I still have 33% in BTC, but the 66% in ETH is now split pretty evenly between ETH and wBTC. This functionally let me put things into BTC without bridging them between chains, and served me pretty well with this recent BTC bump.

I'm debating between just bridging that wBTC over into my BTC wallet or not. The purist part of me thinks BTC should be "pure" BTC, but at the same time the other half of my brain says to keep it wBTC since then I can easily pivot back into the altcoin game should the right opportunity hit. Especially since with the more recent developments ETH transaction fees are in the "not enough to worry about" range (~$.01)
 
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Flobee

Flobee

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Stablecoins will become the largest buyer of US Treasuries over the coming decade. No other nation will buy US debt, so they'll sell it to poor people in inflation ravaged nations... and those people can't wait to buy it.

 
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