Crypto 360°

Sunday, 13 November 2022

I actually think this whole Ftx thing will be positive for the crypto market long term.. Many more people will start to self custody pushing the price of Bitcoin and others higher higher.

submitted by /u/Crypto-hercules
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Latin American Bitcoin Conference: Samson Mow talks about grifters printing shitcoins out of thin air sitting next to guy who printed shitcoin out of thin air

submitted by /u/KAX1107
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Saturday, 12 November 2022

ATTENTION: GET YOUR BITCOIN OFF ANY/ALL EXCHANGES

Exchanges are for acquiring the asset, they are not for storing the asset.

If you lose "your" Bitcoin because you left it on an exchange that failed, you can blame yourself for that. "Not your keys, not your coins" is a saying that is repeated over and over for a reason.

Stop fucking around trying to earn yield that doesn't exist by transferring your ownership to people who do not have your best interests in mind. Just get the Bitcoin into a wallet that you own at the absolute bare minimum. Even downloading a hot wallet for your phone is infinitely better and more secure than keeping it on an exchange.

So just do the bare minimum, it is super easy, costs nothing and empowers you to actually own your Bitcoin.

Here are just a few mobile wallets for those that are looking:

Muun Wallet (On-Chain + Lightning)

Casa (on-chain, insanely simple backups)

Blue Wallet (On-Chain or Lightning)

All of these are available on iOS & Android, and have good reputations. This is all you need, at the very bare fucking minimum.

Just please, for the love of god, take your fucking Bitcoin off the exchange. You don't need to go buy a hardware wallet right away or at all if you don't want to. You do need to do at least this though.

submitted by /u/WhaleFactory
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Hard guy

submitted by /u/Appropriate-Code-544
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Tether?

submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/ysmftu/tether/

What was going on during the 2018 crash bottom? Were exchanges going bankrupt? was china banning bitcoin? refresh my memory

submitted by /u/hyperinflationUSA
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Buying the dip

I have a Coinbase account. If I buy bitcoin there is a 2 week hold on moving it to my Trezor.

I don’t feel comfortable with my bitcoin sitting on an exchange for 2 weeks.

Is there a way to purchase without the 2 week hold?

submitted by /u/snash222
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Friday, 11 November 2022

Bear market — get your backups in order and spin up a node!

submitted by /u/Think_Cat7703
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Tether releases attestation. Claims reserves held in ‘extremely liquid’ assets. FTX did the same thing and the assets were FTT. Are tethers also FTT or is it LEO?

submitted by /u/big--if-true
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source https://www.reddit.com/r/btc/comments/yrspw9/tether_releases_attestation_claims_reserves_held/

Serious: Is it OUR fault that the shit with FTX happened? What I mean to say is, "Should we withdraw every single BTC purchase we make, on the day we make it, to prevent exchanges from playing with our BTC again?"

Forenote: I NEVER had an account on FTX. I also hold shitcoins, and I'm aware of the risks associated with holding them. And I'm happy to buy bitcoin at today's discount price of 16,000 USD, but we should show sympathy for those who lost money with FTX today.

A long long time ago I remember posting somewhere on reddit about the amount of crypto anyone should keep on an exchange. Basically, one response that I got was, "If it's about the same amount as one month's salary, I'd get it off ASAP." and that's been my threshold ever since.

However, there's a group of people who will keep that amount on an exchange for the sake of generating profits or because they don't understand self-custody.

So, my question is, without any irony or sarcasm or anything like that, "Is it our fault that people were not immediately withdrawing any bitcoin they had purchased from their exchanges?" This is how we find out, very quickly, I might add, who is swimming naked.

I feel like there should be a more explicit incentive to do this.

On a side / unrelated note: I'm absolutely shocked that SBF, having accumulated billions of dollars in just 5 years' time through arbitrage trading, made a mistake that is at Mark Karpeles levels of "lack of attention to detail." In every interview that I saw him in, he seemed level-headed, didn't come across as arrogant, and seemed to have a solid idea of what he wanted FTX to do. Did the company have plans to IPO? All I know is they had plans to allow their users to engage in both stock and cryptocurrency trading on their platform. It's just that when you hit "billionaire" status, what could drive you to desire more?

submitted by /u/sgtslaughterTV
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