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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • LuFins DadL LuFins Dad

    Of course, that’s still 1/6th of what I put in…

    ChatGPTC Offline
    ChatGPTC Offline
    ChatGPT
    wrote on last edited by
    #369

    @LuFins-Dad

    I'm sorry you're going through this. It must be really tough for you. It's important to remember that investments are always a risk and that this doesn't define your worth as a person.

    It's natural to feel upset and disappointed, but try to focus on the lessons you've learned from this experience and how you can use them to make better decisions in the future. Remember that money is not everything, and that you still have many other things to be grateful for in your life.

    1 Reply Last reply
    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote on last edited by
      #370

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • MikM Offline
        MikM Offline
        Mik
        wrote on last edited by
        #371

        I suppose I don’t quite get the relationship there. But then that is why I stayed away from crypto. Didn’t really understand it.

        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

        1 Reply Last reply
        • LuFins DadL LuFins Dad

          This is nuts. My “holdings” are now worth 3 times what they were 2 weeks ago.

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #372

          @LuFins-Dad said in The Bitcoin/Crypto Thread:

          This is nuts. My “holdings” are now worth 3 times what they were 2 weeks ago.

          Relatively stable week… Overall posted a 10% gain but at times I was down as much as 10%. And that’s a stable week in Crypto. Weird.

          The Brad

          1 Reply Last reply
          • JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #373

            https://www.seattletimes.com/business/crypto-lending-teeters-on-brink-of-extinction-after-genesis-collapse/

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

            1 Reply Last reply
            • AxtremusA Offline
              AxtremusA Offline
              Axtremus
              wrote on last edited by
              #374

              https://www.reuters.com/legal/self-proclaimed-bitcoin-inventors-25-bln-lawsuit-can-go-trial-london-court-2023-02-03/
              ...
              The [court] ruling paves the way for a trial on whether developers owe duties to the owners of digital assets – which a lawyer representing some developers said could pose a fundamental challenge to decentralised finance if Wright [the plaintiff] won.
              ...
              Australian computer scientist Wright [who claims to have published the 2008 Bitcoin paper as Satoshi Nakamoto] is suing 15 developers in an effort to retrieve around 111,000 bitcoin – currently worth about $2.5 billion – after he lost the encrypted keys to access them when his home computer network was allegedly hacked.
              ...

              1 Reply Last reply
              • taiwan_girlT Offline
                taiwan_girlT Offline
                taiwan_girl
                wrote on last edited by
                #375

                Maybe our @copper is the real "inventor" of bitcoin. And the money he will get back from Google is just the start.

                1 Reply Last reply
                • AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote on last edited by
                  #376

                  https://www.forbes.com/sites/leeorshimron/2023/02/11/nfts-are-bloating-bitcoin-creating-risks-and-opportunities-for-crypto-investors/

                  Ordinals, a controversial new protocol deployed on Bitcoin, enables non-fungible tokens (NFTs) to be appended to Bitcoin transactions, effectively bringing NFTs to the largest crypto network by market capitalization.

                  Launched in January, the Ordinals project enables images and other types of data to be inscribed directly on satoshis (the smallest denominational units of Bitcoin - each is worth 0.00000001 BTC) on the Bitcoin blockchain without requiring a separate sidechain or token. JPEG images, new profile picture (PFP) projects, digital art, and even the 1993 first person shooter video game DOOM have been inscribed on Bitcoin using the Ordinals protocol.
                  ...

                  1 Reply Last reply
                  • AxtremusA Offline
                    AxtremusA Offline
                    Axtremus
                    wrote on last edited by
                    #377

                    https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13/

                    New York Financial Services Department ordered that the issuance of new Binance USD (BUSD) stable coin be stopped.

                    It also mentions that the SEC may sue the issuer after labeling the BUSD an "unregistered security."

                    1 Reply Last reply
                    • AxtremusA Offline
                      AxtremusA Offline
                      Axtremus
                      wrote on last edited by
                      #378

                      https://fortune.com/crypto/2023/02/22/binance-stablecoin-cash-grab-customers-funds/

                      Shenanigans at Binance -- converting customers's USDC to BUSD without telling the customers. Value-wise, both are pegged to the USD so the customers are not losing money. Still, it's bad form to convert customers' assets without telling the customers.

                      1 Reply Last reply
                      • AxtremusA Offline
                        AxtremusA Offline
                        Axtremus
                        wrote on last edited by
                        #379

                        Link to video

                        1 Reply Last reply
                        • AxtremusA Offline
                          AxtremusA Offline
                          Axtremus
                          wrote on last edited by Axtremus
                          #380

                          https://www.axios.com/2023/06/10/cryptocurrency-ban-us-illegal

                          The U.S. government seems to have decided to kill the crypto ecosystem.
                          ...

                          • "Rather than creating a new legal and regulatory framework that legitimizes crypto, we should simply let it burn."

                          The bottom line: The crypto industry is burning down, and the SEC is pouring gasoline on the fire. Congress seems to be perfectly happy to stand alongside crypto skeptics and watch the fire burn.

                          1 Reply Last reply
                          • taiwan_girlT Offline
                            taiwan_girlT Offline
                            taiwan_girl
                            wrote on last edited by
                            #381

                            Seems like the headline writer and the writer on the article are on two different planets.

                            1 Reply Last reply
                            • LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #382

                              So I opened my Crypto app for the first time in 4 months, and found the balance had grown 600% since I last saw it…

                              Still negative, though.

                              The Brad

                              1 Reply Last reply
                              • 89th8 Offline
                                89th8 Offline
                                89th
                                wrote on last edited by
                                #383

                                Lol I honestly plan on checking mine in 10 years. Now if SHIBA goes to the moon, let me know, I’ll cash that out.

                                taiwan_girlT 1 Reply Last reply
                                • 89th8 Offline
                                  89th8 Offline
                                  89th
                                  wrote on last edited by
                                  #384

                                  Crypto is having a nice few days.

                                  1 Reply Last reply
                                  • 89th8 89th

                                    Lol I honestly plan on checking mine in 10 years. Now if SHIBA goes to the moon, let me know, I’ll cash that out.

                                    taiwan_girlT Offline
                                    taiwan_girlT Offline
                                    taiwan_girl
                                    wrote on last edited by
                                    #385

                                    @89th said in The Bitcoin/Crypto Thread:

                                    I honestly plan on checking mine in 10 years.

                                    and then:

                                    about a month later

                                    @89th said in The Bitcoin/Crypto Thread:

                                    Crypto is having a nice few days

                                    LOL (Just tease you 89)

                                    1 Reply Last reply
                                    • 89th8 Offline
                                      89th8 Offline
                                      89th
                                      wrote on last edited by
                                      #386

                                      Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                                      Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                                      markM 1 Reply Last reply
                                      • 89th8 89th

                                        Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                                        Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                                        markM Offline
                                        markM Offline
                                        mark
                                        wrote on last edited by
                                        #387

                                        @89th said in The Bitcoin/Crypto Thread:

                                        Hahaha totally fair! I haven't checked my balances, I just saw some charts in headlines that show a bit of an upward trend.

                                        Anyway, @LuFins-Dad will let me know when SHIBA goes to the moon, then I'll sell. I think I have 26 million SHIBA coins.

                                        I have 39 million SHIBA coins.

                                        Current price:
                                        SHIBPricePer_12072023.png
                                        SHIB_Price_12072023.png

                                        1 Reply Last reply
                                        • jon-nycJ Offline
                                          jon-nycJ Offline
                                          jon-nyc
                                          wrote on last edited by
                                          #388

                                          I’m listening to the new Michael Lewis book about SBF/FTX.

                                          It’s fascinating.

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
                                          1 Reply Last reply
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