BITCOIN

Scottex99

Malthusian said:

The retail noobs are all rekt or out of the market. Degens are day trading like always. Smart big players are probably net buyers here rather than sellers. 

What happened to the once-in-a-generation chance for the little man (= retail noobs) to get rich and beat the greedy bankers (= smart big players)? Trader bro is saying that even if Bitcoin goes to $400k, almost nobody in the real world will be buying a Lambo because they've already been dumped off the money train. If the "retail noobs" have largely given up and cut their losses it certainly tallies with the deadness of this thread. 

The big crypto exchanges trading points between each other and extracting real money from the degens may be a profitable niche, but hardly the "Internet 2.0" and "unprecedented returns far in excess of anything on offer in the traditional finance world" that this thread started with. 

(The statement "there is an exclamation-ton of liquidity in the market" has very different meanings depending on whether "liquidity" is defined as "real money" or "real money plus stablecoin monopoly money".)

Retail noobs and early adopters/investors are different. 

The proper noobs enter near the top, get distracted by meme/ponzi coins, don’t do bankroll management and exit at a loss as soon as the market turns.

There’s are other people however who are new but are cautious, the read up on BTC, Cryptography, Blockchain etc and they are something they like.

SEC looking at stablecoins now which could be tricky for arguably the safest of them and Circle. But how real is real money anyway when 25% of the entire worlds supply of USD was printed in the last couple of years.

The much less responses on here are relative to the market, fair enough. People that invested badly are probably out and never coming back. For me it’s my 3rd bear market, I’m getting ready for the bull in a year or two

brucefan_2

Scottex99 said:

Malthusian said:

The retail noobs are all rekt or out of the market. Degens are day trading like always. Smart big players are probably net buyers here rather than sellers. 

What happened to the once-in-a-generation chance for the little man (= retail noobs) to get rich and beat the greedy bankers (= smart big players)? Trader bro is saying that even if Bitcoin goes to $400k, almost nobody in the real world will be buying a Lambo because they've already been dumped off the money train. If the "retail noobs" have largely given up and cut their losses it certainly tallies with the deadness of this thread. 

The big crypto exchanges trading points between each other and extracting real money from the degens may be a profitable niche, but hardly the "Internet 2.0" and "unprecedented returns far in excess of anything on offer in the traditional finance world" that this thread started with. 

(The statement "there is an exclamation-ton of liquidity in the market" has very different meanings depending on whether "liquidity" is defined as "real money" or "real money plus stablecoin monopoly money".)

Retail noobs and early adopters/investors are different. 

The proper noobs enter near the top, get distracted by meme/ponzi coins, don’t do bankroll management and exit at a loss as soon as the market turns.

There’s are other people however who are new but are cautious, the read up on BTC, Cryptography, Blockchain etc and they are something they like.

SEC looking at stablecoins now which could be tricky for arguably the safest of them and Circle. But how real is real money anyway when 25% of the entire worlds supply of USD was printed in the last couple of years.

The much less responses on here are relative to the market, fair enough. People that invested badly are probably out and never coming back. For me it’s my 3rd bear market, I’m getting ready for the bull in a year or two

Actively adding or just hodling?

Scottex99

Always adding BTC & ETH.

A few random alts recently, within reason 

DannyCarey

https://www.youtube.com/watch?v=hKl3Zk7ne2o

nice little video

Futuristic

For those withdrawing their profits (lets say "in size"), which bank(s) have you had no issues with?

Scottex99

Bank of Scotland for me… so far.

What can help is if you withdraw from an app where you have a named account. I have 3 or 4 like that and I’m essentially receiving £ from myself 

startrim

I had an email from Nationwide today,

"The Financial Conduct Authority (FCA), who regulate the financial services industry, has highlighted certain risks associated with purchasing crypto currency.

With this in mind – and because we want to do everything we can to help keep members’ money safe – we’ll be making the following changes from 28 February:

will be introducing limits on card payments made to crypto exchanges from a current account, and We will not allow payments to crypto exchanges using a Nationwide credit card. We will continue to monitor the situation and may make more changes to limits or prevent payments to crypto exchanges in the future." I have been using a debit card to transfer funds to Coinbase every few weeks. Nowhere near the Nationwide limit but I can see there being a total ban soon. Apparently it is ok to transfer funds to eToro but I would not use them because you cannot withdraw your crypto from the exchange to a cold wallet.

Scottex99

Or just do a bank transfer instead? 

Coinbase are probably charging you for card top ups too.

eToro is fine yeah but it’s mainly just CFDs

startrim

Scottex99 said:

Or just do a bank transfer instead? 

Coinbase are probably charging you for card top ups too.

eToro is fine yeah but it’s mainly just CFDs

Never been charged by Coinbase for a deposit. I use a debit card where funds arrive within 1 minute so there is no advantage to doing a bank transfer. From the e-mail Nationwide sent I get the impression that sending payment to a Crypto exchange is frowned upon and they have set limits but I can see these limits tightening or not being allowed at all at some point.

After doing some research I see that many banks have stopped allowing payments to Crypto exchanges.

Scottex99

yeah fair play, that’s good if no charge on cards. 

I always used wire transfer to deposit anyway, assuming higher chance of your card rejecting if you were trying to deposit a mid/high amount