Bitcoins/Litecoins/Virtual Currencies

Aaron

Aaron

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So I bought some crypto on Coinbase a few years ago. I decided to liquidate it as I need the cash. It went well converting the crypto to Euros (I live in Eurostan), so now I have Euros in my Coinbase account, but I can't for the life of me transfer the Euros out. I've added both my debit and credit cards to Coinbase, but when I go to withdraw, it just asks me to add a new card. There is no option to transfer to an existing card. I feel like I have just been scammed... Anyone else use Coinbase and had this problem?
 
Cad

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Aaron said:
So I bought some crypto on Coinbase a few years ago. I decided to liquidate it as I need the cash. It went well converting the crypto to Euros (I live in Eurostan), so now I have Euros in my Coinbase account, but I can't for the life of me transfer the Euros out. I've added both my debit and credit cards to Coinbase, but when I go to withdraw, it just asks me to add a new card. There is no option to transfer to an existing card. I feel like I have just been scammed... Anyone else use Coinbase and had this problem?
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You should be able to do it, the options probably just look weird, coinbase's site is intentionally hard to navigate. Make sure you're selecting withdraw and then also the cash account to withdraw from (EUR) and your cards should appear. If not go to settings and make sure they're verified and available.
 
Aaron

Aaron

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There is something fishy going on. I click on "Withdraw cash", then I get this window up:

1777404967550.png


Both my Debit and Credit cards are listed in my settings and nothing needs to be done to verify them.
 
Aaron

Aaron

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After a lengthy chat with tech support it seems that my bank (the largest bank in my country lol), doesn't allow deposits from dodgy sites directly into their cards. They also don't allow bank transfers as Coinbase seems to be on a blocked list of theirs. I ended up having to transfer the money to my Paypal account. Well, awesome... I think.
 
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Rangoth

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This will be how they do it….sure it’s your money, but good luck actually getting it into something that can be spent. Europe is fucked but it seems the US is following closely
 
Borzak

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You can always just sell gold. Oh wait, the US already made that illegal once before.
 
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Tmac

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As long as the congressmen on the finance committee are buying BTC we're good. When they start declaring big chunks of selling, time to gtfo.
 
Flobee

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Rangoth said:
This will be how they do it….sure it’s your money, but good luck actually getting it into something that can be spent. Europe is fucked but it seems the US is following closely
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You want to really doom about this, look into how the DTCC is structured and who actually legally owns all those stonks in your account. Buy BTC and hold it in self custody
 
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Flobee

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MSTR basically the only newsworthy thing going on in Bitcoin right now outside of Quantum FUD, thats more or less been squashed again. Latest being that MSTR has now stated that they can and will sell BTC (realizing capital losses) to pay STRC dividends and to buy more Bitcoin. Its all a little confusing financial alchemy, but below best breakdown I've seen as to why they may be saying this:



My take on the MSTR stuff is that we'll be in a better world when this kind of crap doesn't exist, but until then its going to happen so enjoy the ride.
 
Cad

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Flobee said:
MSTR basically the only newsworthy thing going on in Bitcoin right now outside of Quantum FUD, thats more or less been squashed again. Latest being that MSTR has now stated that they can and will sell BTC (realizing capital losses) to pay STRC dividends and to buy more Bitcoin. Its all a little confusing financial alchemy, but below best breakdown I've seen as to why they may be saying this:



My take on the MSTR stuff is that we'll be in a better world when this kind of crap doesn't exist, but until then its going to happen so enjoy the ride.
Click to expand...

One of my dumbass normie friends put like $100k into MSTR in like October 2025. Her brokerage account didn't allow her to buy BTC directly so she thought that was just as good.

Cringe Reaction GIF
 
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Haus

Haus

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1778553144279.png

That gave me a very reasonable chuckle....

Which makes me a little sad because NFTs as a technology have a distinct really solid use case/purpose. But it's NOT digital collectables.
 
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Haus

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Kithani said:
Is that solid use case scamming money from idiots?
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No, it's for Non fungible permanent records of documents which can be sent from owner to own through an authenticated and encrypted means.

Want to stop home title theft? Make home titles NFTs.
Car titles? NFTs.
Contracts you need involatile and counterfeitproof? NFTs.
 
Flobee

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Lol

begich.house.gov

Congressman Nick Begich Leads Legislation to Establish Strategic Bitcoin Reserve

WASHINGTON, D.C. – May 21, 2026 – Today, Congressman Nick Begich (AK-AL), alongside co-lead Congressman Jared Golden (ME-02), introduced the American Reserve Modernization Act of 2026 (ARMA), landmark bipartisan legislation to establish a Strategic Bitcoin Reserve and modernize how the United...
begich.house.gov begich.house.gov

The bill would authorize the U.S. Treasury to acquire up to 200,000 bitcoin per year for five years, targeting a reserve of 1 million BTC. It is a rebranding and expansion of the original BITCOIN Act co-introduced last year by Begich and Senator Cynthia Lummis, and would codify Trump's March 2025 executive order establishing a Strategic Bitcoin Reserve into permanent law that cannot be reversed by a future president.


The bill classifies bitcoin as a "Tier 1" strategic reserve asset, putting it on the same legal footing as gold. A separate digital asset stockpile would hold other federally owned crypto. All acquisitions must be budget-neutral. The funding mechanism is revaluing Federal Reserve gold certificates from their current statutory price of $42.22 per ounce, set in 1973, to current market prices. That gap generates hundreds of billions in accounting gains without new taxpayer debt. At today's gold price of $4,528 per ounce, the revaluation would unlock over $1.17 trillion in paper gains on the government's 8,133 metric tons of gold.
Click to expand...
 
Flobee

Flobee

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I've been trying to wrap my head around the whole LIBOR->SOFR move, which is seemingly an attack on the Eurodollar market collapsing it into the US sphere of influence, and how Bitcoin and Stablecoins play into the attempts to save the USD, reshore manufacturing, etc. Its pretty complicated and I'll admit I won't fully understand it ever probably, and certainly won't be all-in on it until its done but I thought I'd share the below discussion. This Matt Dines dude does a really good job of connecting some dots for me and letting some of the questionable seeming decision making from this administration make a bit more sense for me.

Part of the theory behind this thinking is framing the classic us vs them that we all find ourselves doing as US = sovereignists (regardless of nationality) and THEM = globalists (City of London being how they frame it). I don't fully buy into the framing but it -does- help make sense of a number of things that just don't make any sense otherwise.

TLDW - 🇺🇸 We're so back 🇺🇸... maybe

 
Jysin

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News:
The CFTC approves Kalshi to list bitcoin (BTC) perpetual futures, will review similar crypto derivatives on a case-by-case basis
 
Haus

Haus

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OK. I'm gonna ask this here because I'm just not seeing a path for a lot of things in crypto right now.

Seeing what's happening to ETH, Seeing the fact that XRP is still struggling to get footing for actual use cases, I'm left with looking at being a BTC Maximalist as almost the only really viable strategy right now. And even that's questionable until final passage of that Clarity act and seeing what actually ends up in it.

Am I missing something big? Have I missed some vital news bits in the industry?
 
Khane

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Haus said:
OK. I'm gonna ask this here because I'm just not seeing a path for a lot of things in crypto right now.

Seeing what's happening to ETH, Seeing the fact that XRP is still struggling to get footing for actual use cases, I'm left with looking at being a BTC Maximalist as almost the only really viable strategy right now. And even that's questionable until final passage of that Clarity act and seeing what actually ends up in it.

Am I missing something big? Have I missed some vital news bits in the industry?
Click to expand...

Here's a tip, XRP is a pure scam and Eth has never had a pure use case. Are you aware that the creators of XRP generated every token that will ever exist and then gifted their "foundation" like 80% of them?
 
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