BITCOIN

masonic

Qubit said:

Blue_Sky said:

I wonder how the US managed to get back the ransom paid in bitcoin from the bad guys?
https://www.bbc.co.uk/news/business-57394041

Bad guys rented cloud server.   FBI got a subpoena and took control of it and recovered coins (hot wallet and keys stored on server. Doh). 
 
TLDR - no Bitcoin was not hacked by the FBI 🤣

From what I've seen, it looks like DarkSide transferred the coins under duress to that specific wallet so that the FBI could gain control. It was not the wallet that initially received the ransoms. They should have stuck to only accepting Monero, which is the payment option they preferred.

deejaybee

Hello to the fellow crypto newbies !

I initially bought BTC  & XTZ & ATOM, not right at the top but before the crash, so i am down on all those 3.

However, overall i am slightly up, as with my second deposit i have been trading Cardano ( mainly ) and Polygon... basically buying the dips, and waiting till i can get out with a 10% + profit.

So hang on in there ( if it is money you are prepared to write off )

Adyinvestment

deejaybee said:

 and waiting till i can get out with a 10% + profit.

You gotta have higher aspirations in Crypto!   

My plan is to quadruple up, then sell half for a 100% profit and then have a free "to the moon" gamble with double what I started...and I aint gonna settle for anything less! 

deejaybee

Yep i didnt mean 10% total profit Ady !  just for my little trades...

Zola.

https://nairametrics.com/2021/06/09/warren-buffets-company-invests-in-a-brazilian-bank-with-exposure-to-bitcoin/

Its probably nothing. 

Scottex99

deejaybee said:

Hello to the fellow crypto newbies !

I initially bought BTC  & XTZ & ATOM, not right at the top but before the crash, so i am down on all those 3.

However, overall i am slightly up, as with my second deposit i have been trading Cardano ( mainly ) and Polygon... basically buying the dips, and waiting till i can get out with a 10% + profit.

So hang on in there ( if it is money you are prepared to write off )

Bit of scalping always fun, I don't really trade short term myself.

Get some ETH for a long term hold, ETH 2.0 should be big.

What made you pick Tezos and Cosmos in the beginning?

Cardano is also a weird one, i've had a bag for a good while. From what I see in the market it's loved by retail, dubbed the Ethereum Killer yet has been years in the making with no real product. All the clued up people I know have written it off already

deejaybee

Hi Scott,

Tezos and Cosmos mainly because there was (is) a 5% staking deal on coinbase, but only a small amount in each...might also buy some Algorand if/when i trade some more profit, as theres a 6% deal on that.

Re Cardano, i read that it is being used in Africa, and various upgrades coming this year, but i am as far from clued-up as its possible to be !

Cardano seems fairly predictable/solid for trading purposes ( until it isnt of course.. )

Scottex99

deejaybee said:

Hi Scott,

Tezos and Cosmos mainly because there was (is) a 5% staking deal on coinbase, but only a small amount in each...might also buy some Algorand if/when i trade some more profit, as theres a 6% deal on that.

Re Cardano, i read that it is being used in Africa, and various upgrades coming this year, but i am as far from clued-up as its possible to be !

Cardano seems fairly predictable/solid for trading purposes ( until it isnt of course.. )

Yeah makes sense, you might as well make some passive income if you're holding assets there anyway.

5-6% is obviously great against traditional savings rates today but once you go fully down the rabbit hole you'll see you can easily make 2-3-4x that on other platforms too.

ADA being used in Africa has a bit of a 2017 feel about it, "XRP partners with Moneygram, eBay accepts BTC" etc etc. A single claim like that rarely has much price impact on a coin. DASH is supposedly heavily used in LATAM yet it's still miles away from previous 2017 highs. I've got a buy open on eToro since that date that is 60% down haha, just a tiny trade.

BTC been ranging between 30 and 40k for a while now, in theory you could have made plenty shorting the top and longing the bottom but if was that easy we'd all be retired already.

deejaybee

Cheers for the feedback Scott, appreciated, all helps the learning curve !

Probably move over to coinbase pro further down the line, apparently i can sign on there with my existing coinbase details, without having to set up a seperate account.

Scottex99

deejaybee said:

Cheers for the feedback Scott, appreciated, all helps the learning curve !

Probably move over to coinbase pro further down the line, apparently i can sign on there with my existing coinbase details, without having to set up a seperate account.

No worries. Yep I'm pretty sure you can and also the trade fees are 0.5% on Pro, compared to 3-4% on the retail version