Recent comments in /f/Crypto

RoboGoat2000 wrote

Reply to WARNING!!!: BitPay is now forcing EVERY user to both register and identify themselves when paying with bitcoin. DO NOT SUPPORT BitPay! Email your favorite online stores and tell them to change ASAP by Rambler

This is inevitable. Tax evasion is going to be the driving force for big brother to demand that crypto on/off ramps collect KYC. It would be nice if places started accepting Monero payments, but that would eventually be regulated too.

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yeezymademe wrote

Reply to Is Dogecoin a good way to get your feet wet with cryptocurrencies without risking any real money? by Jelello

Sure! Though I'd say just about any currency is fine to get started with. Keep in mind that you don't have to purchase an entire unit of a given currency - one Bitcoin may be $40k, but you can still just buy $10 worth (just be cautious of transfer fees, both withdrawing from exchanges and sending from your own wallet).

I'd recommend also looking at ETH (using MetaMask as an in-browser wallet to interact directly with websites is pretty cool) and XMR (dirt cheap transfers and your financial privacy is safe).

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okboomer wrote (edited )

Reply to If you buy Monero with your debit or credit card, and move it from the original wallet to a new wallet, can the original purchase be traced back to you? by MrBlack

no, the blockchain is opaque

it's recommended to split purchases into dedicated stealth addresses, and I'd personally do:

buy XMR -> withdraw to stealth address of wallet #1 -> move to stealth address of wallent #2 -> spend

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Rambler wrote (edited )

Reply to BEST PAYING HYIP by agentayuk

I'm just going to assume this is spam at best and a scam at worse. Members have been warned.

Domain:
27 days old
Created on 2020-11-20
Expires on 2021-11-20
Updated on 2020-11-20

Edit: Yeah, no history online or on reddit so I'm just going to go ahead and assume this is a scam.

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jack_walking OP wrote

Reply to comment by yidakee in Bitcoin Hits All-Time High by jack_walking

Don't really agree about that. I think much of bitcoins (if you don't count burnt bitcoins and early miners' wallets) are now owned by large investors / bank / funds, so professional guys and not the average shaky-hands Tom.

The difference between now and 2017 is institutional investment, which is made by professionals, who are supposed to take a more rational approach.

Besides, we were floating around 10,000 USD before this bull run, so we're now at 2x, while in 2017 we went from 4,000 USD to 20,000 USD, which means 5x.

I'm confident that 18,000 USD may be a good support level, and the sky may be 30,000 USD at the end of 2021.

Of course mine are pure speculations.

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yidakee wrote

Reply to comment by Rambler in Bitcoin Hits All-Time High by jack_walking

Same thing is to be expected now. Expect a bumpy ride, remember, a heck of a lot of folk got in between 15k-20k, and then BTC crashed to 3.5k. Three years later, many will be around break even, and happy to exit at zero ROI. A lot of hands will be shaking before moon rockets are engaged.

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Rambler wrote

Reply to Bitcoin Hits All-Time High by jack_walking

Everytime I read these headlines I cry inside a little knowing that when it was $40/BTC I wanted to spend $100USD on Bitcoin but wanted to wait 'until the price went down'.

Then over the next few months it didn't go down, it went over $1,000 and people freaked out.

Live and learn. :)

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jack_walking wrote

Reply to With thousands of different crypto-currencies in existence... Which ones are actually worth using and supporting? by Rambler

  • The ones with a use cases
  • The ones with an established history
  • The ones with unique features
  • The ones with transparent development

Fact is, it requires ton of times and specific knowledge to check the previous poins.

As far as I'm concerned, I'd go with a portfolio of about 80% BTC, that I'd be reasonably sure to increase it's value with limited risk over a period of 5 years.

Maybe some unknown alt-coin may turn me rich in one night's time, but risks are huge; I'm not willing to invest my time, nor I have the knowledge, to look for the next crypto shooting star, and I'd advise anyone not to.

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