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Bitcoin and other Crypto...

Spy Bee

By Spy Bee,
in GF - General Forum

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Elite Grand Master

Elite

Posted
Posted
On 13/01/2023 at 07:09, Red Shift said:


What’s the cost of putting money on the card?
 

Wirex, the card I use, was great last year. I was getting 4% cashback and there was no cost for transfers of cash onto the card.

Now they charge 1.5% to put money on the card, so the 4% crypto back is actually only 2.5%

 

On top of that, they put a threshold on the accumulated crypto rewards that can be exchanged for cash………making those rewards always out of reach in redeeming.

 

Needless to say, the Wirex card is now only worthwhile for the rich and famous.

No charge on the £4.99 plan as far as I'm aware.

 

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Mook
Mook

I have absolutely no idea what any of this means.   Would I be able to ram them up my arse?

Captain Turdseye
Captain Turdseye

I sold my 900+ Lumens at 24p then watched on as they went as high as 57p each. Bought them back when they came back down to 23p/24p and now they’re worth 17p each.    Mad skillz. 

Captain Turdseye
Captain Turdseye

I downloaded the Coinbase app, sent the photo page of my passport for ID verification and for some reason they couldn’t validate my ID. Probably light shining through the window or something.   Can

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Jack the Sipper Mentor

Jack the Sipper

Posted
Posted

If you'd have bought some Bitcoin in late November 22 (when its price had slumped to a new low, the FTX crypto exchange scandal had come to light, and every doomsayer and his dog was pointing and laughing at the mugs who'd bought into this ponzi scheme), and then sold it exactly three months later (like, last week), you'd have got roughly a 70% return on that investment. Seventy fucking percent profit. In three months. In the middle of a turbulent economic period.

 

image.png

https://coinmarketcap.com/currencies/bitcoin/

 

It was probably those same people who were ecstatic abut the FTSE 100 rising by a massive 6% over the course of a year, from 22 to 23, and calling it a good investment.

 

 

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TheHowieLama Grand Master

TheHowieLama

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Posted

FTX says it has identified a deficit of $8.9 billion in customer funds that it can’t account for, the first time the bankrupt cryptocurrency exchange has pinned down how much money has gone missing.

In a public presentation released on Thursday, FTX said it had identified around $2.7 billion of customer assets, compared with $11.6 billion of balances outstanding on customer accounts. The estimated value of FTX’s assets and liabilities are based on crypto prices on the day of the company’s bankruptcy filing in early November.

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Red Phoenix Grand Master

Red Phoenix

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3 hours ago, Gnasher said:

What does this mean to us amateurs RP?

 

They're selling the bitcoin that they took from people in the past. The chart shows that even them selling thousands doesn't seem to have an effect for long on the market though (price was back to normal in a few days.) If they dumped the whole lot in one go that could cause bigger problems but it looks like they're not doing that for some reason.

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Red Phoenix Grand Master

Red Phoenix

Posted
Posted

Bitcoin is moving up again.

 

From yesterday :

 

Quote

Bitcoin rallies to $30,000 after BlackRock's ETF filing

 

The cryptocurrency market gained about $60bn (£46.9bn) in the past 24 hours as the price of bitcoin surpassed $30,000 for the first time in two months, following a flurry of interest from asset managers. The hike in value comes after institutional players including BlackRock (BLK), Invesco and Wisdom Tree have filed for spot Bitcoin EFTs, seeking permission with the SEC to offer exchange-traded funds tagged to the value of the original digital asset.

 

Bitcoin rallies to $30,000 after BlackRock's ETF filing - Yahoo Finance

 

Today :

 

 

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Spy Bee Grand Master

Spy Bee

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On 09/11/2023 at 09:28, ZonkoVille77 said:

Seems to be on the rise again. @Spy Bee - have you cashed in and bought that yacht?

Yeah! Fully electric. You wouldn't believe how fast it is. It can get from one end of my bath to the other in seconds!

 

You're right though. The next year or two could be fun!

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