KingKolzig Posted May 12, 2022 Report Share Posted May 12, 2022 buh buh buh i has muh key your all getting the vax and the chip Quote Link to comment Share on other sites More sharing options...
HurryUpAndDrink Posted May 12, 2022 Report Share Posted May 12, 2022 1 hour ago, Jimmy Hoffa said: One of my family members is in the firearms trade, legally. All ATF, FBI and state licensed for ammunition and firearms. PayPal won't allow those transactions. All legal products... its an utter disgrace they think they are above the law, esentially Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 12, 2022 Report Share Posted May 12, 2022 1 hour ago, HurryUpAndDrink said: its an utter disgrace they think they are above the law, esentially prob better to deal with cash anyway. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 12, 2022 Report Share Posted May 12, 2022 Just now, mikeman said: prob better to deal with cash anyway. Go WILD!! Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 12, 2022 Report Share Posted May 12, 2022 Just now, FISHHEAD said: Go WILD!! Kiss them goodbye. it sucks that the twins played day games today. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 12, 2022 Report Share Posted May 12, 2022 1 minute ago, mikeman said: Kiss them goodbye. it sucks that the twins played day games today. We shall see, the BLUES D depth still can come back to haunt them. Quote Link to comment Share on other sites More sharing options...
mikeman Posted May 12, 2022 Report Share Posted May 12, 2022 Just now, FISHHEAD said: We shall see, the BLUES D depth still can come back to haunt them. I'll watch either an old movie on TCM or perhaps gunsmoke, the hell with hockey. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 12, 2022 Report Share Posted May 12, 2022 2 minutes ago, mikeman said: I'll watch either an old movie on TCM or perhaps gunsmoke, the hell with hockey. Just ridiculous SAD Quote Link to comment Share on other sites More sharing options...
IAG Posted May 12, 2022 Report Share Posted May 12, 2022 2 hours ago, WeinkeToWarrick said: Not your keys not your coins If you don’t hold the private keys you don’t understand bitcoin. And it’s not actually yours. IAG, get some ledgers and do it the right way. Keeping your balance on exchanges is keeping the price suppressed That’s not true. I understand BTC…lol. I have private key on my XTZ that’s it. I don’t deal with Conbase…but I have faith in Gemini. As far as suppressing the price, I doubt my amount of crypto not indicating diamond hands by being on an exchange is significantly affecting BTC price. Lol. And after watching LUNA, I want my shit at the ready if necessary. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 13, 2022 Report Share Posted May 13, 2022 12 minutes ago, IAG said: That’s not true. I understand BTC…lol. I have private key on my XTZ that’s it. I don’t deal with Conbase…but I have faith in Gemini. As far as suppressing the price, I doubt my amount of crypto not indicating diamond hands by being on an exchange is significantly affecting BTC price. Lol. And after watching LUNA, I want my shit at the ready if necessary. It works the same as the stock market. Brokers (exchanges) can lend out your shares (coins) for people to use to short. So sure you can argue you amount isn’t going to impact things much but if everyone thinks like you …. You get it Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted May 13, 2022 Report Share Posted May 13, 2022 6 hours ago, MonkeyF0cker said: Yup. Don't keep your coins in an exchange wallet. Move them to a personal wallet. ✔️ Quote Link to comment Share on other sites More sharing options...
HurryUpAndDrink Posted May 13, 2022 Report Share Posted May 13, 2022 16 minutes ago, joeybagadonuts said: It works the same as the stock market. Brokers (exchanges) can lend out your shares (coins) for people to use to short. So sure you can argue you amount isn’t going to impact things much but if everyone thinks like you …. You get it Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 13, 2022 Report Share Posted May 13, 2022 39 minutes ago, IAG said: That’s not true. I understand BTC…lol. I have private key on my XTZ that’s it. I don’t deal with Conbase…but I have faith in Gemini. As far as suppressing the price, I doubt my amount of crypto not indicating diamond hands by being on an exchange is significantly affecting BTC price. Lol. And after watching LUNA, I want my shit at the ready if necessary. Ya it’s not about faith in the exchange. It’s what Joey said, they are all operating a fractional reserve. If there were ever a run on the bank, really good chance an exchange wouldn’t actually have the bitcoin available that people think they have. They’d begin issuing IOU’s or just rejecting withdraws, and at that point what’s the difference between bitcoin and the dollar. for being a veteran of the space, you really should take the time to better understand not just the philosophical and financial need for bitcoin, but the importance of holding your own keys as it relates to that ideology. Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 13, 2022 Report Share Posted May 13, 2022 If one person thinks their single coin being withdrawn wouldn’t make a difference, they’re right. but like Joey said, what if that is the prevailing mindset amongst another 200k people. if the supply were truly illiquid to major players and exchanges because the coins were literally being held in other people’s wallets, the price would climb exponentially as FTX/Coinbase/Binance, and all the others would be forced to replenish reserves at higher buy prices or face insolvency. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 13, 2022 Report Share Posted May 13, 2022 6 minutes ago, WeinkeToWarrick said: If one person thinks their single coin being withdrawn wouldn’t make a difference, they’re right. but like Joey said, what if that is the prevailing mindset amongst another 200k people. if the supply were truly illiquid to major players and exchanges because the coins were literally being held in other people’s wallets, the price would climb exponentially as FTX/Coinbase/Binance, and all the others would be forced to replenish reserves at higher buy prices or face insolvency. Quote Link to comment Share on other sites More sharing options...
HurryUpAndDrink Posted May 13, 2022 Report Share Posted May 13, 2022 Quote Link to comment Share on other sites More sharing options...
IAG Posted May 13, 2022 Report Share Posted May 13, 2022 15 minutes ago, WeinkeToWarrick said: If one person thinks their single coin being withdrawn wouldn’t make a difference, they’re right. but like Joey said, what if that is the prevailing mindset amongst another 200k people. if the supply were truly illiquid to major players and exchanges because the coins were literally being held in other people’s wallets, the price would climb exponentially as FTX/Coinbase/Binance, and all the others would be forced to replenish reserves at higher buy prices or face insolvency. I hear ya…that makes sense.I I understand fractional reserves, but again, the likelihood of me misplacing a ledger or forgetting where my private keys are locked away is very high. I can’t stress this enough. I lose things. I lost 2 oz of gold once! I would like to aid the greater good, but I know myself. Also, If there was a run on Tether or other stable coins, I would imagine it would be quick, and make the Luna situation look like child’s play. I want to be able to be as close to the the front of the sell line as possible. I don’t want to be fiddling with devices and/or typing in ten seed words. Once I get fully unpacked from the move and taxes done, I will think on it..once had like 300k on the old Binance and got locked out…couldn’t even get site to come up, so I get it,, Scared the shit out of me….so I bought a ledger…and like I said, haven’t used it.. Maybe it’s quicker to move from ledger to exchange than I think? but I think I would want to keep it in a safety deposit box or something, which would make it tough to act quickly if necessary. Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 13, 2022 Report Share Posted May 13, 2022 If it’s on an exchange, it isn’t yours. It just isn’t. That’s what you need to recognize and then you’ll probably very quickly realize that there are plenty of ways and suggestions for how to store your cold wallet/keys. Transferring from a ledger back to an exchange doesn’t take long, but that said, if you’re the type to panic sell you haven’t come around yet to understanding and valuing bitcoin yet anyway. Quote Link to comment Share on other sites More sharing options...
IAG Posted May 13, 2022 Report Share Posted May 13, 2022 1 hour ago, WeinkeToWarrick said: if you’re the type to panic sell you haven’t come around yet to understanding and valuing bitcoin yet anyway. You’re kidding right? Certainly you’re kidding. Quote Link to comment Share on other sites More sharing options...
redstripe Posted May 13, 2022 Author Report Share Posted May 13, 2022 1 hour ago, WeinkeToWarrick said: If it’s on an exchange, it isn’t yours. It just isn’t. That’s what you need to recognize and then you’ll probably very quickly realize that there are plenty of ways and suggestions for how to store your cold wallet/keys. Transferring from a ledger back to an exchange doesn’t take long, but that said, if you’re the type to panic sell you haven’t come around yet to understanding and valuing bitcoin yet anyway. So, I have no clue about crypto. Just keep buying the 4-pay pal offers. I usually buy equal of each of the 4 In your opinion should I be just buying more bitcoin or keep the buying equal? Also, to IAG f you don't mind. Would love to hear both of your thoughts Thanks Quote Link to comment Share on other sites More sharing options...
IAG Posted May 13, 2022 Report Share Posted May 13, 2022 13 minutes ago, redstripe said: So, I have no clue about crypto. Just keep buying the 4-pay pal offers. I usually buy equal of each of the 4 In your opinion should I be just buying more bitcoin or keep the buying equal? Also, to IAG f you don't mind. Would love to hear both of your thoughts Thanks You should read up on the projects..I would put majority into BTC and then eth. I dk what LTC has done lately. Many Other promising coins. I just sent you the PayPal info because it was the easiest way for you to acquire some, but if you w ant, I can walk you through the process sometime over the phone. I think I gave you the names of several exchanges to sign up at. I don’t know if you ever did that. Not every exchange carries all coins but you really need to put in the time in research. I lived and breathed crypto for two years, and it paid off. Just because I don’t use private keys or a ledger doesn’t mean I don’t understand the value of bitcoin (lol) or am a panic seller…unless Tether implodes..then I might be one, then u can decide where you want to store them. Quote Link to comment Share on other sites More sharing options...
redstripe Posted May 13, 2022 Author Report Share Posted May 13, 2022 4 minutes ago, IAG said: You should read up on the projects..I would put majority into BTC and then eth. I dk what LTC has done lately. Many Other promising coins. I just sent you the PayPal info because it was the easiest way for you to acquire some, but if you w ant, I can walk you through the process sometime over the phone. I think I gave you the names of several exchanges to sign up at. I don’t know if you ever did that. Not every exchange carries all coins but you really need to put in the time in research. I lived and breathed crypto for two years, and it paid off. Just because I don’t use private keys or a ledger doesn’t mean I don’t understand the value of bitcoin (lol) or am a panic seller…unless Tether implodes..then I might be one, then u can decide where you want to store them. Thanks . I will be by in the afternoon to fix the dryer . Quote Link to comment Share on other sites More sharing options...
IAG Posted May 13, 2022 Report Share Posted May 13, 2022 1 minute ago, redstripe said: Thanks . I will be by in the afternoon to fix the dryer . LOL. Thanks Chainsaw! Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 13, 2022 Report Share Posted May 13, 2022 Bitcoin is all you should be buying, but “purchasing” it on PayPal isn’t buying it. It’s giving PayPal authority to issue you an IOU that can be taken away if they or the government decides you don’t deserve payment on that IOU. If you don’t mind a lack of web browser, voyager is super easy: https://voyager.onelink.me/WNly/referral?af_sub5=882411 Once you’ve setup an account and made a purchase on an actual exchange, you send to your cold storage wallet. I recommend a ledger: https://www.ledger.com from there, very easy to follow the instructions and set things up to transfer into your own possession. And ledger has a ledger live app that allows you to view your balance and take a few actions straight from your phone understanding and implementing feels scary at first and altogether might take 30-60 minutes of time plus the wait for your funds to arrive, but it’s worth it. Your crypto balance on PayPal is nothing, a mirage. Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted May 13, 2022 Report Share Posted May 13, 2022 8 hours ago, IAG said: You’re kidding right? Certainly you’re kidding. I’m partially kidding i know you’ve been in this forever and endured the bloody days. but if you don’t hold your keys, then yes, you don’t understand bitcoin. Quote Link to comment Share on other sites More sharing options...
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