Bitcoin/Ethereum/cryptocurrencies

[Brownslave688]

Just finished, there's a lot to like in there.

They're sticking to their neutral no hype stance, which is probably wise. Seemed like they downplayed the Google talks and no comment on the nft partners. Pumping something up and having it fall through would be bad so I get that.

From a technical standpoint they sound like they're confident V6 testnet won't last long, and the improvements will make mass adoption inevitable.

Everything I heard confirmed why I'm holding it.

You can tell they are stoked about V6.

They really do have the vision that they’ll be the base layer for all web3.0 traffic.

 

[Brownslave688]

https://twitter.com/i/web/status/1474881240461316098

 

[Over70irregs]

Web3.0 will be decentralized and organic. Bitcoin WILL be the base financial layer. Layer 2 will be the lightning network. Layer 3 will be the apps built on top. If not it will be like America Online faking like they are the internet before everyone caught on. It will be owned by venture capitalists and token investors therefore centralized.

 

[Jones]

Web3.0 will be decentralized and organic. Bitcoin WILL be the base financial layer. Layer 2 will be the lightning network. Layer 3 will be the apps built on top. If not it will be like America Online faking like they are the internet before everyone caught on. It will be owned by venture capitalists and token investors therefore centralized.

So should I keep all my Bitcoins?

 

[wilberforce15]

So should I keep all my Bitcoins?

easiest question ever.

 

[Over70irregs]

easiest question ever.

Strongest asset in world cannot make any more of it

 

[Over70irregs]

Someone Bitcoin order from Dec 2009

 

[DriveInDriveOut]

Anyone using a crypto IRA platform?

Looking around and iTrust Capital seems to be the cheapest at 1% trade fee. Is there a way to do it without one of these places gouging me?

 

[wilberforce15]

Anyone using a crypto IRA platform?

Looking around and iTrust Capital seems to be the cheapest at 1% trade fee. Is there a way to do it without one of these places gouging me?

It's a new enough offering I simply don't trust anyone doing it. Tread carefully.

I'll have crypto in my IRA when a major provider is running it end to end, like TD or Fidelity or TRowe

 

[DriveInDriveOut]

It's a new enough offering I simply don't trust anyone doing it. Tread carefully.

I'll have crypto in my IRA when a major provider is running it end to end, like TD or Fidelity or TRowe

It looks like some will let you hold it in a cold wallet but the fees are crazy.

I don't know, I'm just starting to research it and I'm not really liking what I'm finding.

 

[Brownslave688]

It's a new enough offering I simply don't trust anyone doing it. Tread carefully.

I'll have crypto in my IRA when a major provider is running it end to end, like TD or Fidelity or TRowe

I thought fidelity had some crypto offerings. Maybe not IRAs

 

[Brownslave688]

It looks like some will let you hold it in a cold wallet but the fees are crazy.

I don't know, I'm just starting to research it and I'm not really liking what I'm finding.

The only thing I’ll say when thinking about fees. This isn’t a regular IRA fee where you’re taking 1% from 8% gains. It’s crypto so more likely 100,200,300% gains

 

[wilberforce15]

I thought fidelity had some crypto offerings. Maybe not IRAs

Yeah, the holy grail is crypto inside a Roth. I'm just waiting for it.

 

[DriveInDriveOut]

The only thing I’ll say when thinking about fees. This isn’t a regular IRA fee where you’re taking 1% from 8% gains. It’s crypto so more likely 100,200,300% gains

True. The huge potential gains is why I was thinking about trying to get it into a Roth IRA.

 

[Brownslave688]

True. The huge potential gains is why I was thinking about trying to get it into a Roth IRA.

The smart thing to do would be what guys like bezos does.

Just borrow against your holdings. Then sell only enough to pay off your loans every year.

 

[DriveInDriveOut]

The smart thing to do would be what guys like bezos does.

Just borrow against your holdings. Then sell only enough to pay off your loans every year.

I think crypto has the potential to totally change the game with DeFi and popularize that kind of stuff for regular people.

 

[Over70irregs]

I think crypto has the potential to totally change the game with DeFi and popularize that kind of stuff for regular people.

It’s currently doing that now. That’s why visa and other companies are gearing up. Wait until the Defi true inventor patent gets greater traction…….

 

[DriveInDriveOut]

It’s currently doing that now. That’s why visa and other companies are gearing up. Wait until the Defi true inventor patent gets greater traction…….

Kind of.
I mean it's trying.
Layer 2s will help.

 

[Over70irregs]

Layer 2’s have vulnerabilities constantly but are necessary for growth. Check out $Veri and the story/impact moving forward.

 

[Non sequitur]

Bloodbath. Might change my limit order on Trac from .95 to .89.