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bkbirge
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April 20, 2020, 05:53:52 PM |
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Almost forgot to ask, Those of you who are in US, which platform you use to buy bitcoin using Bank? A friend of mine wants to buy bitcoin and he is looking for a better platform which has less fees for Bank transfer.
Most of the usual suspects, Coinbase, Kraken, River, etc. the ones that are based in US are fine. The issue your friend will run into is more often that banks don't want to be linked to a crypto exchange so you need to make sure the bank is ok with whatever exchange you settle on. Fees I don't know. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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BitcoinGirl.Club
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Activity: 2772
Merit: 2713
Farewell LEO: o_e_l_e_o
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April 20, 2020, 05:55:48 PM |
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Most of the usual suspects, Coinbase, Kraken, River, etc. the ones that are based in US are fine. The issue your friend will run into is more often that banks don't want to be linked to a crypto exchange so you need to make sure the bank is ok with whatever exchange you settle on. Fees I don't know.
Thanks. Fees are important for him because he is going to order a large chunk. |
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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April 20, 2020, 05:55:57 PM |
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No doubt there's a very expensive stew made of all these poor creatures  |
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Cryptotourist
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April 20, 2020, 05:58:22 PM |
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Ouch. This is NOT fine.
Historic snapshot:  I'm so ready for aliens right now.  |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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April 20, 2020, 06:04:31 PM |
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I'm so ready for aliens right now. Who in fuck do you think is running all this? |
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Biodom
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Activity: 3752
Merit: 3869
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April 20, 2020, 06:08:02 PM |
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Most of the usual suspects, Coinbase, Kraken, River, etc. the ones that are based in US are fine. The issue your friend will run into is more often that banks don't want to be linked to a crypto exchange so you need to make sure the bank is ok with whatever exchange you settle on. Fees I don't know.
Thanks. Fees are important for him because he is going to order a large chunk. Transfer fees are fixed for wire, free for ACH. Trading fees are more important for a largish trade size. Trading fees from lowest to highest: Kraken<Coinbase Pro<Gemini, but not by much (0.10% lowest, 0.35% highest) |
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Cryptotourist
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April 20, 2020, 06:08:17 PM |
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I'm so ready for aliens right now. Who in fuck do you think is running all this? Double bottomed aliens?  Did it just stop?edit again:  |
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fillippone
Legendary
 Online
Activity: 2156
Merit: 15493
Fully fledged Merit Cycler - Golden Feather 22-23
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April 20, 2020, 06:11:08 PM
Last edit: April 20, 2020, 06:33:52 PM by fillippone |
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yep, Hin Leong (singaporean oil trader firm) goes bust with $4 bil debts.
NYMEX bracing for NEGATIVE PRICES WTI 7.90 6.50 5.00!!!! **CME SAYS MAY WTI FUTURES CAN TRADE NEGATIVE **CME REPORTS WTI FUTURES TRADE AT NEGATIVE PRICES FOR THE FIRST TIME. WTI MAY @ -0.01 -1.43 -7.3 -40 *I cannot even stay behind this. wow, just wow Please note that there are no more options on this contract. It's only a future expiring tomorrow. Everyone long this future (banks, speculatore etc..) now HAS to close the position unless willing to go to Cushing and get the delivery of the oil. |
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Phil_S
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Activity: 2091
Merit: 1461
We choose to go to the moon
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April 20, 2020, 06:11:44 PM |
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WTF  |
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LFC_Bitcoin
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Activity: 3528
Merit: 9556
#1 VIP Crypto Casino
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April 20, 2020, 06:13:17 PM |
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Bitcoin HODLERS to Oil Traders right now -  |
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OutOfMemory
Legendary
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Activity: 1540
Merit: 3007
Man who stares at charts
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April 20, 2020, 06:16:29 PM |
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Good evening WO!
Good night WTI!
This is gonna shake some markets, right?
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fillippone
Legendary
Online
Activity: 2156
Merit: 15493
Fully fledged Merit Cycler - Golden Feather 22-23
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April 20, 2020, 06:16:59 PM |
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Bitcoin HODLERS to Oil Traders right now -
^^ + 1 WO MERITS |
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LFC_Bitcoin
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Activity: 3528
Merit: 9556
#1 VIP Crypto Casino
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April 20, 2020, 06:21:06 PM |
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Surely all of these lockdowns are going to end soon. Look at oil, behaving like some weird shitcoin.
Governments are going to have to decide -
A small % of plebs or the world economy. This is catastrophic!
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Biodom
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Activity: 3752
Merit: 3869
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April 20, 2020, 06:21:20 PM |
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yep, Hin Leong (singaporean oil trader firm) goes bust with $4 bil debts.
NYMEX bracing for NEGATIVE PRICES WTI 7.90 6.50 5.00!!!! **CME SAYS MAY WTI FUTURES CAN TRADE NEGATIVE **CME REPORTS WTI FUTURES TRADE AT NEGATIVE PRICES FOR THE FIRST TIME. WTI MAY @ -0.01 -1.43 *I cannot even stay behind this. wow, just wow -7.1 May WTI on CNBC WO stays cocky, but what if someone (cough-Medallion-cough) will play with bitcoin futures like this. |
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Ibian
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Activity: 2268
Merit: 1278
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April 20, 2020, 06:21:28 PM |
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How many coins could you mine with the energy from 600 barrels of oil?
A very interesting question. I am getting 35.7btc using S17pros and pre-halving reward size of 12.5btc (obviously, half of that afterwards). Basically, about 19X of what 600 barrels would cost at $22/barrel. ^^Someone probably could make a fortune here in Texas if they have means to convert oil into electricity, then mining with that in the next couple of mo. Can normal people actually buy barrels of oil? Does it go straight into a generator or is there some processing first? |
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Biodom
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Activity: 3752
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April 20, 2020, 06:24:27 PM
Last edit: April 20, 2020, 06:46:46 PM by Biodom |
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you need oil combustion turbine, also need to have miners with internet hookup.
I have no idea if you can buy oil as a person.
WTI May -$39.9?! Not %%
Settled at -$37.63 per barrel
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jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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Like-minded oppressed peoples are likely to communicate and coordinate? Who woulda thunk it? Sorry, you lost all credibility with the use of the term 'gun nut'. |
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Raja_MBZ
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Activity: 1862
Merit: 1505
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April 20, 2020, 06:46:58 PM |
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Look at oil, behaving like some weird shitcoin.
Honestly, I don't remember any sh!tcoin except for Bitconnect behaving this bad. |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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April 20, 2020, 06:59:26 PM |
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cAPSLOCK
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Activity: 3738
Merit: 5127
Whimsical Pants
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You know how we talk about the next X minutes/hours/days/weeks being critical for BTC?
Well this is an possible inflection point. Is it or is it not correlated to the legacy system. Is it or is it not (yet?) a safe haven.
Big chance we are going down hard here... soon.
And yet... if we do not?
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