Heater
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December 14, 2020, 04:02:52 AM |
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Have any of you guys used Blockfi to get paid interest on some of your hodl stash? Very intrigued by this and wondering what the downsides are besides the obvious "not your keys" risk.
I looked into blockfi. I think Celsius.network is a better outfit, I've been earning some decent retirement income on a percentage of my btc stash as I await the next mooning, for about 6 months now. Also getting a nice dividend every week of over 10% on my usdc with celsius.network. Very stable and predictable. Can't get that kind of interest rate many other places. That's all peachy, but where exactly these "insane" rates that are being paid are coming from? IMHO, some of these companies are ponzi and/or re-hypothecate their holdings. How to calculate the probability of their default? I don't know, hence I don't participate. This. It might be un-sexy, oldschool or whatever, but if I don't understand their business model, it's likely a scam to me. All the offers I considered turned out to be scams in the end. Not that I've considered them all, but 100% is 100%. Now, every such scam needs a grace period to build trust. It makes little sense to go for a, say, 2M$ hit when just a little wait can get you 100M$ instead. Make the suckers happy until the day you exit. They won't even know what hit them. Be wary and ready. If it's like I am afraid it is, he who runs first wins. I would stay away as well. Now if your objective is to risk your Bitcoins to make more Bitcoins, you are better off moving some to Bitmex, wait for a dip and buy some perpetual contracts with little or no leverage, and sell when the price goes up. It's easy pickings in this bull market. Not recommended when the market is going down or if you are the emotional type.....
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10859
Self-Custody is a right. Say no to"Non-custodial"
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Bitcoin Price in this day Anybody, quote, please ... Ah ha!!!! I browsed ahead... no body quoted your post..... So I did it... Nothing wrong with that information for dee WO peeps.
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Toxic2040
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December 14, 2020, 05:15:04 AM |
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late night charts #dyor 1h 4h D W #stronghands A haiku that speaks Grabing your mind and lifting Heart, and seeing soul #haiku
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Heater
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December 14, 2020, 06:35:56 AM |
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my first attempt at #haiku
kaeru in his pond we can hear him sing a rhyme: fortune will return
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AlcoHoDL
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Addicted to HoDLing!
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December 14, 2020, 08:34:39 AM |
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Stuck at $19k... Bank gives me .3% Don't I know nuttin'?
#fiatsuckshaiku
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OutOfMemory
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Man who stares at charts (and stars, too...)
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December 14, 2020, 08:49:31 AM |
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0.3 still good it's one 8th of a percent at banks around here
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ElBinBit
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ßî₸¢¤¡₦
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December 14, 2020, 09:46:12 AM |
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Good morning WO... Bitcoin Price in this day... 14 December What do you think, What is the probability that we will meet the same price in 1 day?
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d_eddie
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December 14, 2020, 10:30:53 AM Merited by friends1980 (1) |
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Positive interest from your money in the bank people do complain
#haiku
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Globb0
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Free spirit
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December 14, 2020, 10:52:30 AM |
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it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic. Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil. Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances. ... nice examples. Demonstrates that value is dependent on the spatial location and temporal situation of the human ... i.e. not intrinsic to the objects. Like cigarettes in a prison, oxygen at the top of a mountain, water in a desert, fuel for someone who does/doesn't have an engine, etc, etc, For 10k you can get someone to carry your water bottle
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ElBinBit
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ßî₸¢¤¡₦
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December 14, 2020, 10:58:49 AM |
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it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic. Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil. Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances. ... nice examples. Demonstrates that value is dependent on the spatial location and temporal situation of the human ... i.e. not intrinsic to the objects. Like cigarettes in a prison, oxygen at the top of a mountain, water in a desert, fuel for someone who does/doesn't have an engine, etc, etc, For 10k you can get someone to carry your water bottle I'm ready! Where to go? Where are you, My Moses?
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600watt
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December 14, 2020, 12:04:22 PM Merited by JayJuanGee (1) |
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2017 ATH we only had 1 daily average above 19k and only 2 daily averages above 18k
this time we had so far 7 daily averages above 19k and 12 daily averages above 18k
that is 3 days during December 2017 in contrast to 19 days currently.
question to WO TA experts:
does this still resemble a potential double top? are there rules on how many candles can be counted to form a double top? we have been up there only 3 days before, but now ist almost 3 weeks. can it be even compared?
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Icygreen
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December 14, 2020, 12:30:52 PM |
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YouTube and Gmail down, hackers in the treasury, BTC couldn't give a fuk Stay frosty fam
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friends1980
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Activity: 1582
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nutildah-III / NFT2021-04-01
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December 14, 2020, 12:54:48 PM |
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Shouldn't we have threads, Where we only use haikus To communicate?
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OutOfMemory
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Man who stares at charts (and stars, too...)
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December 14, 2020, 02:02:23 PM |
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Shouldn't we have threads, Where we only use haikus To communicate?
not a bad idea. so let's change the title to haiku observer?
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bitserve
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Self made HODLER ✓
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December 14, 2020, 02:11:49 PM Merited by JayJuanGee (1) |
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it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic. Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil. Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances. ... nice examples. Demonstrates that value is dependent on the spatial location and temporal situation of the human ... i.e. not intrinsic to the objects. Like cigarettes in a prison, oxygen at the top of a mountain, water in a desert, fuel for someone who does/doesn't have an engine, etc, etc, For 10k you can get someone to carry your water bottle In fact, no.... Not even for millions... depending on location/circumstances. No matter if its intrinsic value is almost negligible. Scarcity (supply) combined with need (demand) will always have way more influence in PRICE than any "intrinsic value" (which is only ONE factor of both supply and demand) theoretical bullshit.
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d_eddie
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December 14, 2020, 02:23:59 PM Merited by OutOfMemory (1) |
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Shouldn't we have threads, Where we only use haikus To communicate?
not a bad idea. so let's change the title to haiku observer? It's going to be hard hyperbitcoinization longest word that fits #haiku
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friends1980
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nutildah-III / NFT2021-04-01
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December 14, 2020, 02:41:48 PM Last edit: December 14, 2020, 04:13:52 PM by friends1980 Merited by El duderino_ (2) |
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Shouldn't we have threads, Where we only use haikus To communicate?
not a bad idea. so let's change the title to haiku observer? Let's start a new thread A huge step towards World Peace A gift for ChristmasAm I the only one who's using his fingers to count these syllables? #nohomosimplyilliterate
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xhomerx10
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December 14, 2020, 02:42:11 PM Merited by OutOfMemory (1) |
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Shouldn't we have threads, Where we only use haikus To communicate?
not a bad idea. so let's change the title to haiku observer? It's going to be hard hyperbitcoinization longest word that fits #haiku Guys. That is two fails. In only the first two tries. Better give up now.
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SATWAT
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December 14, 2020, 03:27:21 PM |
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YouTube and Gmail down, hackers in the treasury, BTC couldn't give a fuk Stay frosty fam
Good thing now we are back and good as we was.
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Karartma1
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December 14, 2020, 03:50:50 PM |
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Man, anything below $20k is so boring...
#spoiledhodlers
That's why you don't see me around that often. Another reason is the life out of btt which is calling hard. Go BTC go
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