Official Bitcoin Thread

[dblplay1212]

you have some $$ to spare, i suggest going into binance and staking/lending BUSD (binance stable coin)...u can subscribe to their 15day lock....you earn 15% straight up. Funds are locked, but you can pull out in 15days...worth it if u want to grow ur stack. Example: you stake 1k...in 15 days, you get back $1150.00

15% in 15 days seems a tad unrealistic long term. That's doubling your money every 2.5 months. Any explanation on how they are doing that? Wasn't there a similar deal a couple years ago that went belly up and everyone lose their money? Not trying to be a downer, just trying to look at it realistically.

 

[fapmasterjr]

15% in 15 days seems a tad unrealistic long term. That's doubling your money every 2.5 months. Any explanation on how they are doing that? Wasn't there a similar deal a couple years ago that went belly up and everyone lose their money? Not trying to be a downer, just trying to look at it realistically.

They don't offer the lockup / stake every week or month. i believe this is just their 5th time doing it? Anyways, they use ur locked stake and offer it to other investors that are looking for loans/margins/leverage (huge investors via OTC market) which guess what ...financial systems currently do. Many pay premium for a loan or borrow crypto...check out current rates on other defi services. Stable coins seem to command the most interest, but yah...not sure about what you're talking about regarding a company going belly up, this is binance.

 

[dblplay1212]

They don't offer the lockup / stake every week or month. i believe this is just their 5th time doing it? Anyways, they use ur locked stake and offer it to other investors that are looking for loans/margins/leverage (huge investors via OTC market) which guess what ...financial systems currently do. Many pay premium for a loan or borrow crypto...check out current rates on other defi services. Stable coins seem to command the most interest, but yah...not sure about what you're talking about regarding a company going belly up, this is binance.

I'm in finance. Guaranteed 15% in 15 days in unheard unless you're a payday loan company or a car title loan company.

And I can't remember the name of the company. They guaranteed like 3% per day. It was talked about a lot in here. Bitconnector or something like that? Everyone loved the free money until poof.

15% sounds great. I'd want to know who is paying them more than 15% to use the money for that short term though. I'd also want to know how they plan on collecting when said person doesn't pay. If someone is willing to pay 15%+, they don't pay attention, much less their bills. If you're playing in that market, you better have a very good collection dept.

 

[finessesosa]

dblplay1212 yeah it is unheard of and your right. a lot of this crypto stuff is unheard of that's why the gains are so crazy

 

[fapmasterjr]

first mover advantages .....this is new financial space...just in the 80s, a cd offered 18% ...thoughts?

"early 1980s. That’s when CD yields peaked. On average, 3-month CDs in early May 1981 paid about 18.3 percent APY, according to data from the St. Louis Federal Reserve."

what about the decade prior....the 70s:

"For the next decade or so, the personal savings rate remained more or less the same, in the 7.5% - 8.5% range. In the early 70s, the average savings rate started to spike, hitting a peak of 14.6% in May of 1975"

I remember in the early 2000s, wasn't ING Direct offering 5% + savings?

These are new times my dude, sorry if it we can't comprehend it since we're too used to the archaic financial system ways. I'm taking advantage...let you all know how it goes after the 15day lockup

 

[finessesosa]

first mover advantages .....this is new financial space...just in the 80s, a cd offered 18% ...thoughts?

"early 1980s. That’s when CD yields peaked. On average, 3-month CDs in early May 1981 paid about 18.3 percent APY, according to data from the St. Louis Federal Reserve."

what about the decade prior....the 70s:

"For the next decade or so, the personal savings rate remained more or less the same, in the 7.5% - 8.5% range. In the early 70s, the average savings rate started to spike, hitting a peak of 14.6% in May of 1975"

I remember in the early 2000s, wasn't ING Direct offering 5% + savings?

These are new times my dude, sorry if it we can't comprehend it since we're too used to the archaic financial system ways. I'm taking advantage...let you all know how it goes after the 15day lockup

maaaaan I remember ING Direct 5% savings before CapOne bought them out. Good times right there and even better times now and coming soon.

 

[dblplay1212]

first mover advantages .....this is new financial space...just in the 80s, a cd offered 18% ...thoughts?

"early 1980s. That’s when CD yields peaked. On average, 3-month CDs in early May 1981 paid about 18.3 percent APY, according to data from the St. Louis Federal Reserve."

what about the decade prior....the 70s:

"For the next decade or so, the personal savings rate remained more or less the same, in the 7.5% - 8.5% range. In the early 70s, the average savings rate started to spike, hitting a peak of 14.6% in May of 1975"

I remember in the early 2000s, wasn't ING Direct offering 5% + savings?

These are new times my dude, sorry if it we can't comprehend it since we're too used to the archaic financial system ways. I'm taking advantage...let you all know how it goes after the 15day lockup

Right, and mortgages were 20% in those days. Rates in general were high across the financial market. Inflation and recession was all around. Comparing that to today is silly. When 30 year mortgages are sub 3 and someone is offering 15% returns for borrowing your money for 15 days, it will make any financial person skeptical. By all means, take it while you can get it. Just remember what seems to good to be true usually is.

 

[dblplay1212]

And honestly, when the response is "Well idk how they do it but hey here's some examples from 40 years ago" well that's kinda concerning for me. You should be more careful with where you invest your money.

 

[fapmasterjr]

i'll use your logic and respond, thank you for your concern....but i'm an adult, and i've made it pretty well off technology as i'm in this space (server/cloud architect) , as you are into your financial space. timestamp this, and we'll see in 10yrs....maybe 5, on what is a risk:reward ratio. thank you.

 

[coolcool]

scared money don't make none

 

[fapmasterjr]

And honestly, when the response is "Well idk how they do it but hey here's some examples from 40 years ago" well that's kinda concerning for me. You should be more careful with where you invest your money.

we can only go by past and see how corrupt financial systems have been, that is why i mentioned the past...and its always good to see the past to understand the future. current financial system concerns me....you should be more careful.

 

[dblplay1212]

i'll use your logic and respond, thank you for your concern....but i'm an adult, and i've made it pretty well off technology as i'm in this space (server/cloud architect) , as you are into your financial space. timestamp this, and we'll see in 10yrs....maybe 5, on what is a risk:reward ratio. thank you.

Well yea, it's going to go up bc we're due for a recession. That's how those things work. Justifying a 15% return in 15 days today bc rates will go up in 5 years makes zero sense though. They aren't related at all. Again, make the 15% while you can but don't complain with the ponzie comes crumbling down like BitConnect.

 

[dblplay1212]

just to update the above ...yes, i'm actually excited on getting daily payouts EVERY HOUR with option to withdraw (straight to my electrum wallet) or re-invest to make your payouts larger.....now i see how those early bitconnneeeccct'ers feel....they were rakin!!! I'm almost back to my initial deposit...i'm avg .67cents EVERY HOUR...which equates to = $16.08 per day!!

 

[wr]

Really think about this for a minute folks.

 

[fapmasterjr]

Well yea, it's going to go up bc we're due for a recession. That's how those things work. Justifying a 15% return in 15 days today bc rates will go up in 5 years makes zero sense though. They aren't related at all. Again, make the 15% while you can but don't complain with the ponzie comes crumbling down like BitConnect.

I too, just like you, will make an assumption ...... be careful with you job/money when banks start going down ala hsbc scandal, wells fargo manipulating accounts...don't complain. touche

 

[fapmasterjr]

not gonna lie, $$$ was good. stack and keep it moving. risk, a calculated risk..is a good thing.

 

[dblplay1212]

I too, just like you, will make an assumption ...... be careful with you job/money when banks start going down ala hsbc scandal, wells fargo manipulating accounts...don't complain. touche

 

[finessesosa]

 

[dblplay1212]

not gonna lie, $$$ was good. stack and keep it moving. risk, a calculated risk..is a good thing.

Schilling for ponzi schemes is not a "calculated risk."

 

[dblplay1212]

It's alarming how many people no zero about finance but see something crypto related and are all in without knowing wtf they are even doing.

"It's guaranteed!!! Free money!!!"

Right.

 

[fapmasterjr]

yeah, i'm such an influencer....sorry. seems like you're doing great and what you're doing is awesome. same here....

i just don't really care about another mans money

 

[johnnyredstorm]

I mean 15% in 15 days seems like a guarantee. What’s stopping from people putting in hundreds of thousands to take advantage of that? It does seem very bubbly and just because binance is huge today doesn’t mean their accounting is accurate and everything is kosher. This isn’t Gemini or coinbase operating well within the bounds of actual financial rules.

This pullback is a little alarming. We rejected and put in a lower high/double top. Save some powder and be ready to add on some lows.

 

[Platinum State]

Its concerning we keep rejecting around 10.2-10.5k every time.
Gonna be hard to go up if we fall more. People will lose confidence

 

[tay1]

Its concerning we keep rejecting around 10.2-10.5k every time.
Gonna be hard to go up if we fall more. People will lose confidence

It rises and it falls. The rise seems to go higher everytime tho since the bull run way back when. At this point, the adoption is already being set in stone and is just a matter of time before things jump like crazy.

 

[fapmasterjr]

I mean 15% in 15 days seems like a guarantee. What’s stopping from people putting in hundreds of thousands to take advantage of that? It does seem very bubbly and just because binance is huge today doesn’t mean their accounting is accurate and everything is kosher. This isn’t Gemini or coinbase operating well within the bounds of actual financial rules.

they cap how much you can stake/lockup. I agree with everything you stated.