BlueRiver Posted August 13, 2022 Share Posted August 13, 2022 10 minutes ago, hughesie27 said: Isn't this Farming? Yep I've posted about it a fair bit in here before. Be coming up to a year since I bought in. I was about the same time. I have reduced my holding quite a lot through the 12 months since but that was more because I decided to have something of a strategy for how I wanted my portfolio to be split. Quote Link to comment Share on other sites More sharing options...
hughesie27 Posted August 13, 2022 Share Posted August 13, 2022 Just now, BlueRiver said: I was about the same time. I have reduced my holding quite a lot through the 12 months since but that was more because I decided to have something of a strategy for how I wanted my portfolio to be split. Probably made a decent bit of profit then on it. Could be a decent time to reinvest as seems the wheels are turning again after a poor 6 months. Still think it could be massive. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted August 18, 2022 Share Posted August 18, 2022 Greening are hosting their very first AMA today at 15:00 on telegram. https://twitter.com/GreeningMariao/status/1560028207356706818?t=qsiqc-C-Dfg5a9rXA31F4g&s=09 Quote Link to comment Share on other sites More sharing options...
Dennis Reynolds Posted November 11, 2022 Share Posted November 11, 2022 Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted November 11, 2022 Share Posted November 11, 2022 Old news bro. Apparently they've been bought over. Still quite funny though. I cashed out a while ago, so I get to laugh now. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted November 11, 2022 Share Posted November 11, 2022 18 minutes ago, Greedy Jambo said: Old news bro. Apparently they've been bought over. Still quite funny though. I cashed out a while ago, so I get to laugh now. Nope, Binance agreed to buy them, then a few hours into due diligence said, NOPE and walked away. https://defector.com/crypto-is-running-out-of-dominoes/ It feels like we're just a few steps away from the entire crypto ecosystem effectively disappearing. Quote Link to comment Share on other sites More sharing options...
il Duce McTarkin Posted November 11, 2022 Share Posted November 11, 2022 19 minutes ago, Led Tasso said: Nope, Binance agreed to buy them, then a few hours into due diligence said, NOPE and walked away. https://defector.com/crypto-is-running-out-of-dominoes/ It feels like we're just a few steps away from the entire crypto ecosystem effectively disappearing. Is it not just a big ponzi scheme anyway? Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted November 11, 2022 Share Posted November 11, 2022 35 minutes ago, Led Tasso said: Nope, Binance agreed to buy them, then a few hours into due diligence said, NOPE and walked away. https://defector.com/crypto-is-running-out-of-dominoes/ It feels like we're just a few steps away from the entire crypto ecosystem effectively disappearing. I don't think it's going to disappear, there's still people pumping money into it on the daily. It will be interesting to see who's left though. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted November 11, 2022 Share Posted November 11, 2022 35 minutes ago, Dirk McClaymore said: Is it not just a big ponzi scheme anyway? It’s about 95% ponzi scheme. There’s just enough reality there to fool people. Quote Link to comment Share on other sites More sharing options...
Shooter McGavin Posted November 11, 2022 Share Posted November 11, 2022 45 minutes ago, Dirk McClaymore said: Is it not just a big ponzi scheme anyway? I think so. And the whole NFT thing just seems like money laundering too. Quote Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 11, 2022 Share Posted November 11, 2022 4 hours ago, Dennis Reynolds said: Quote Link to comment Share on other sites More sharing options...
That thing you do Posted November 11, 2022 Share Posted November 11, 2022 2 minutes ago, Dusk_Till_Dawn said: It is. They were leverage trading their adopters money for pure greed. Alameda will go down as well. Get the cowboys out in this bear and get decent genuine products to move it forward next cycle. Quote Link to comment Share on other sites More sharing options...
Lone Striker Posted November 11, 2022 Share Posted November 11, 2022 1 hour ago, Greedy Jambo said: I don't think it's going to disappear, there's still people pumping money into it on the daily. It will be interesting to see who's left though. ..... which is the very definition of a Ponzi scheme. Quote Link to comment Share on other sites More sharing options...
jack D and coke Posted November 12, 2022 Share Posted November 12, 2022 Was a time I believed in crypto. I bought in early and laughably cashed out before the massive rises! I’d have a made a right few quid if I’d left it especially my ethereum. Always seemed the better option than BC to me. Ever since the bigger investors have used it and manipulated it I now wouldn’t touch it. I believe govts etc have ensured it’s failure. Quote Link to comment Share on other sites More sharing options...
Sooperstar Posted November 12, 2022 Share Posted November 12, 2022 Are folk suggesting that crypto is a load of shite? Surely not. Nope, can't be. You just don't understand it, man. Quote Link to comment Share on other sites More sharing options...
il Duce McTarkin Posted November 12, 2022 Share Posted November 12, 2022 1 hour ago, Sooperstar said: Are folk suggesting that crypto is a load of shite? Surely not. Nope, can't be. You just don't understand it, man. Like the Harry Potter movies. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted November 12, 2022 Share Posted November 12, 2022 4 hours ago, Sooperstar said: Are folk suggesting that crypto is a load of shite? Surely not. Nope, can't be. You just don't understand it, man. DO UR OWN RESEARCH DOOD 11 hours ago, jack D and coke said: Was a time I believed in crypto. I bought in early and laughably cashed out before the massive rises! I’d have a made a right few quid if I’d left it especially my ethereum. Always seemed the better option than BC to me. Ever since the bigger investors have used it and manipulated it I now wouldn’t touch it. I believe govts etc have ensured it’s failure. Plenty of governments tried to adopt it. The problem is it doesn't actually do any of the things it claims to do very well. A currency should be easy to exchange and be a durable store of value. It turned out cryptocurrency was hard to exchange and was a volatile store of value. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted November 12, 2022 Share Posted November 12, 2022 There was a superb interview (superb in the sense of enough to get alarm bells ringing if they weren’t already) between the FTX chairman and some Bloomberg financial guys a few months ago. He essentially described DeFi and yield farming as a ponzi-scheme. No bones were made about it. As a space it’s full to the brim with utter conmen, fraudsters, and idiots. Hands up I might fall somewhat into the latter as I do have holdings in 4 or 5 of the “big” players. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted November 12, 2022 Share Posted November 12, 2022 20 minutes ago, Led Tasso said: DO UR OWN RESEARCH DOOD Plenty of governments tried to adopt it. The problem is it doesn't actually do any of the things it claims to do very well. A currency should be easy to exchange and be a durable store of value. It turned out cryptocurrency was hard to exchange and was a volatile store of value. See this is what I’ve always struggled with. My friends went into it full throttle and I was somewhat caught up in the hype (thankfully to now where near the same extent) and would tell me how it was the future. I could never work out how. I could never see what it did that the existing banking system didn’t. Even the idea of privacy it brings is a complete nonsense, wallet ids and transactions are forever there to see on the blockchain. I watch a guy on YouTube called CoffeeZilla who is pretty critical of it and I’ve watched him trace transactions made to and by YouTube stars that were promoting some of the scam tokens and NFTs. If anything there’s less privacy than a bank because any Joe Bloggs could manage to do likewise with just a little bit of information. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted November 12, 2022 Share Posted November 12, 2022 1 hour ago, BlueRiver said: See this is what I’ve always struggled with. My friends went into it full throttle and I was somewhat caught up in the hype (thankfully to now where near the same extent) and would tell me how it was the future. I could never work out how. I could never see what it did that the existing banking system didn’t. Even the idea of privacy it brings is a complete nonsense, wallet ids and transactions are forever there to see on the blockchain. I watch a guy on YouTube called CoffeeZilla who is pretty critical of it and I’ve watched him trace transactions made to and by YouTube stars that were promoting some of the scam tokens and NFTs. If anything there’s less privacy than a bank because any Joe Bloggs could manage to do likewise with just a little bit of information. I'm not sure how someone's going to be able to put my name to my defi wallet. They can look at it all they want but there's no way they're going to know who's it is. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted November 12, 2022 Share Posted November 12, 2022 Just now, IronJambo said: I'm not sure how someone's going to be able to put my name to my defi wallet. They can look at it all they want but there's no way they're going to know who's it is. Aw I know if you put nothing out there it will be impossible to say with certainty. However people can see this information freely. It’s more public than a bank and with enough tracing something along the way could rumble it. I think overall I just don’t understand where the idea of enhanced privacy with it comes from. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted November 12, 2022 Share Posted November 12, 2022 https://markets.businessinsider.com/news/currencies/crypto-news-binance-reserves-are-mostly-busd-binancecoin-cz-sbf-2022-11?amp 40% of your reserves made up by your own token… Quote Link to comment Share on other sites More sharing options...
IronJambo Posted November 12, 2022 Share Posted November 12, 2022 50 minutes ago, BlueRiver said: Aw I know if you put nothing out there it will be impossible to say with certainty. However people can see this information freely. It’s more public than a bank and with enough tracing something along the way could rumble it. I think overall I just don’t understand where the idea of enhanced privacy with it comes from. Maybe that it's a lot harder for a government to dig into/freeze a defi wallet that they don't know you have than it is for them to dive into your regulated bank account that's linked to your name and address. Quote Link to comment Share on other sites More sharing options...
hughesie27 Posted November 12, 2022 Share Posted November 12, 2022 58 minutes ago, IronJambo said: I'm not sure how someone's going to be able to put my name to my defi wallet. They can look at it all they want but there's no way they're going to know who's it is. The average member of public will struggle but websites like Coinbase/Binance have a Know Your Customer responsibility to help protect against fraud. It means you wallet has a direct link to you if the Gov need to know who you are for tax reasons for example. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted November 12, 2022 Share Posted November 12, 2022 3 minutes ago, hughesie27 said: The average member of public will struggle but websites like Coinbase/Binance have a Know Your Customer responsibility to help protect against fraud. It means you wallet has a direct link to you if the Gov need to know who you are for tax reasons for example. Those are both centralised exchanges. Hence the kyc. I'm talking about using decentralised exchanges with wallets such as metamask. No DEX or wallet I've ever used has any of my details. My name doesn't belong with my wallet address. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted December 13, 2022 Share Posted December 13, 2022 Bank Man Fried. https://www.cbsnews.com/news/sam-bankman-fried-arrested-bahamas-ftx/ Quote Link to comment Share on other sites More sharing options...
Ministryofdad Posted December 19, 2022 Share Posted December 19, 2022 Anyone following sbf and the ftx farce. There's a ama on twitter where coffeezilla nails him. On his YouTube page. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted December 19, 2022 Share Posted December 19, 2022 30 minutes ago, Ministryofdad said: Anyone following sbf and the ftx farce. There's a ama on twitter where coffeezilla nails him. On his YouTube page. I've been watching it mainly via Coffeezilla. If I'm honest my attention has turned more towards Binance...curious stuff afoot. Quote Link to comment Share on other sites More sharing options...
Tommy Brown Posted December 19, 2022 Share Posted December 19, 2022 On 13/12/2022 at 01:00, Led Tasso said: Bank Man Fried. https://www.cbsnews.com/news/sam-bankman-fried-arrested-bahamas-ftx/ Bankman Jailed more like. Quote Link to comment Share on other sites More sharing options...
Ministryofdad Posted December 19, 2022 Share Posted December 19, 2022 41 minutes ago, BlueRiver said: I've been watching it mainly via Coffeezilla. If I'm honest my attention has turned more towards Binance...curious stuff afoot. They have their house in order. They hold all coin in a 121 wallet. BNB is going stronger than ever. Quote Link to comment Share on other sites More sharing options...
Angry Haggis Posted December 19, 2022 Share Posted December 19, 2022 Never bet what you can’t afford to lose. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted December 19, 2022 Share Posted December 19, 2022 1 hour ago, Ministryofdad said: They have their house in order. They hold all coin in a 121 wallet. BNB is going stronger than ever. What are their reserves though? Quote Link to comment Share on other sites More sharing options...
Unknown user Posted December 19, 2022 Author Share Posted December 19, 2022 2 hours ago, Ministryofdad said: Anyone following sbf and the ftx farce. There's a ama on twitter where coffeezilla nails him. On his YouTube page. Yeah it's been fascinating, that dude's funny looking bursd has got a legal team put together already, she's not even been nipped yet Quote Link to comment Share on other sites More sharing options...
Madjambo21 Posted December 20, 2022 Share Posted December 20, 2022 10 hours ago, Smithee said: Yeah it's been fascinating, that dude's funny looking bursd has got a legal team put together already, she's not even been nipped yet Word is she could already be testifying against him lol. Rats off a sinking ship Quote Link to comment Share on other sites More sharing options...
Ministryofdad Posted December 20, 2022 Share Posted December 20, 2022 10 hours ago, BlueRiver said: What are their reserves though? Currently 3.4 billion with another 4 billion in the holding. If the exchange was regulated and granted a licence only the Saudi and Swiss Bank hold more capital. Binance will be around for a very long time. Take that to the bank Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted December 20, 2022 Share Posted December 20, 2022 4 hours ago, Ministryofdad said: Currently 3.4 billion with another 4 billion in the holding. If the exchange was regulated and granted a licence only the Saudi and Swiss Bank hold more capital. Binance will be around for a very long time. Take that to the bank Yeah but if those holdings are in token form what's to stop a similar event? I seen a lot of their reserves are in BNB, BUSD, and Tether. Fine if things go well but its not USD ultimately. Quote Link to comment Share on other sites More sharing options...
Unknown user Posted December 20, 2022 Author Share Posted December 20, 2022 1 hour ago, BlueRiver said: Yeah but if those holdings are in token form what's to stop a similar event? I seen a lot of their reserves are in BNB, BUSD, and Tether. Fine if things go well but its not USD ultimately. We only have to look at FTX to see that blind faith in the honesty and competence of unvetted individuals is required. Quote Link to comment Share on other sites More sharing options...
Unknown user Posted December 20, 2022 Author Share Posted December 20, 2022 These guys were in control of billions Quote Link to comment Share on other sites More sharing options...
That thing you do Posted December 20, 2022 Share Posted December 20, 2022 On 11/11/2022 at 16:02, Greedy Jambo said: I don't think it's going to disappear, there's still people pumping money into it on the daily. It will be interesting to see who's left though. Been in since 2016 and still in. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted December 20, 2022 Share Posted December 20, 2022 Crypto still has a bright future. The FTX collapse is only making people think about their investments and how to hold them. Do they want to control them and actually own them or do they want to be in receipt of a credit note from a centralised exchange? Binance look rock solid, they've dealt with mass withdrawals with relative ease. This will only make them stronger, would anyone trust another CEX ahead of them after seeing this? Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted December 20, 2022 Share Posted December 20, 2022 12 minutes ago, IronJambo said: Crypto still has a bright future. The FTX collapse is only making people think about their investments and how to hold them. Do they want to control them and actually own them or do they want to be in receipt of a credit note from a centralised exchange? Binance look rock solid, they've dealt with mass withdrawals with relative ease. This will only make them stronger, would anyone trust another CEX ahead of them after seeing this? Our definitions of rock solid may be a bit different. As noted, if BNB or another of their reserve tokens loses serious value what are the reserves? Why are the financial reports so murky? Reports that a CFO didn't even have full access. I'm sure FTX looked solid, right up until it wasn't. I think if any are sound its Coinbase. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted December 20, 2022 Share Posted December 20, 2022 18 minutes ago, BlueRiver said: Our definitions of rock solid may be a bit different. As noted, if BNB or another of their reserve tokens loses serious value what are the reserves? Why are the financial reports so murky? Reports that a CFO didn't even have full access. I'm sure FTX looked solid, right up until it wasn't. I think if any are sound its Coinbase. Binance dealt with withdrawals of $3b in a 24 hour. They're still here standing strong. I don't have a binance account or hold their coin but that looks rock solid to me. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted December 20, 2022 Share Posted December 20, 2022 Thoughts on Crypto.com and their coin Cro? I don't have anything invested anymore, but i can't say that i'm not tempted when the coin is down to under 5p. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted December 20, 2022 Share Posted December 20, 2022 4 hours ago, IronJambo said: Binance dealt with withdrawals of $3b in a 24 hour. They're still here standing strong. I don't have a binance account or hold their coin but that looks rock solid to me. They withstood that well. The underlying issues with just how their reserves are structured though remains. It's a lot of ifs and maybes but without additional transparency I certainly wouldn't be going near them. Quote Link to comment Share on other sites More sharing options...
BlueRiver Posted December 20, 2022 Share Posted December 20, 2022 6 minutes ago, Greedy Jambo said: Thoughts on Crypto.com and their coin Cro? I don't have anything invested anymore, but i can't say that i'm not tempted when the coin is down to under 5p. For me same transparency and reserve issues as Binance. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted December 20, 2022 Share Posted December 20, 2022 The only other coin i would be interested in is Polygon's MATIC, it seemed to be going up when most of the other big guns were going down, it has gone down a bit now, so could be worth investing in, maybe. Quote Link to comment Share on other sites More sharing options...
That thing you do Posted January 12, 2023 Share Posted January 12, 2023 Bitcoin trying to reach its bear market resistance, Ethereum crossed so if you want to get into crypto markets, while I wouldnt say its up from here (there will be pull backs) if it crosses $18,400 we know $15k is likely (95% the 5% being a black swan event) the bottom of the bear. Ive aalready loaded up at 16k on BTC and others so if this is the signal that we start the market leading up to the halving, Ill be very happy. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted January 12, 2023 Share Posted January 12, 2023 Justice department in Seattle is investigating Binance on charges it facilitated money laundering. (Shocked, SHOCKED to find that going on in here.) Probably not enough to knock it over but not the kind of thing you want going on in a storm. https://www.msn.com/en-us/news/us/us-attorney-s-office-in-seattle-reportedly-part-of-ongoing-investigation-into-binance/ar-AA1695Dr Meanwhile it's bleeding assets at an alarming rate: https://www.forbes.com/sites/javierpaz/2023/01/10/binance-is-bleeding-assets-12-billion-gone-in-less-than-60-days/?sh=26692bd553c3 Quote Link to comment Share on other sites More sharing options...
That thing you do Posted January 12, 2023 Share Posted January 12, 2023 1 minute ago, Led Tasso said: Justice department in Seattle is investigating Binance on charges it facilitated money laundering. (Shocked, SHOCKED to find that going on in here.) Probably not enough to knock it over but not the kind of thing you want going on in a storm. https://www.msn.com/en-us/news/us/us-attorney-s-office-in-seattle-reportedly-part-of-ongoing-investigation-into-binance/ar-AA1695Dr Meanwhile it's bleeding assets at an alarming rate: https://www.forbes.com/sites/javierpaz/2023/01/10/binance-is-bleeding-assets-12-billion-gone-in-less-than-60-days/?sh=26692bd553c3 It would actually be a good thing in a way. If you keep crypto on an exchange you dont own the keys. People should know to cold store long term assets and only use hot wallets/exchanges for trading. Decentralised exchanges DEx and in wallet direct staking is coming so that your coins dont leave your address. Each of these failed businesses frauds are centralised and take custody of your tokens. Quote Link to comment Share on other sites More sharing options...
That thing you do Posted January 13, 2023 Share Posted January 13, 2023 On 11/01/2023 at 19:53, That thing you do said: Bitcoin trying to reach its bear market resistance, Ethereum crossed so if you want to get into crypto markets, while I wouldnt say its up from here (there will be pull backs) if it crosses $18,400 we know $15k is likely (95% the 5% being a black swan event) the bottom of the bear. Ive aalready loaded up at 16k on BTC and others so if this is the signal that we start the market leading up to the halving, Ill be very happy. This appears to have aged well. Nearly at $20k now. Will see it retrace a bit soon but I think worst is over in crypto. This year will be a crawl up. Maybe 30k end of year. Quote Link to comment Share on other sites More sharing options...
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