Official Bitcoin Thread

[essential1]

My half position selling point for AMP is $3. Then let the other half ride.

$3 allows me to get these student loans under control, which is the major reason I’m here.

I’m pretty much cashed strapped in terms of playing anything for the next few months (maybe like $20-30 a week on the sub $2 alts)

 

[johnnyredstorm]

just buy bitcoin and eth instead. you'll actually grow your money rather than gambling.

 

[Air Champa]

First Musk now Warren.

 

[Chopper]

My half position selling point for AMP is $3. Then let the other half ride.

$3 allows me to get these student loans under control, which is the major reason I’m here.

I’m pretty much cashed strapped in terms of playing anything for the next few months (maybe like $20-30 a week on the sub $2 alts)

Using current crypto market cap AMP would have to be a top 3 coin to hit $3.00…

 

[Arthur Shelby]

First Musk now Warren.

 

[johnnyredstorm]

old people like her will be the reason why America loses its lead over the rest of the world as a super power.

you do not stifle innovation and ingenuity. the biggest threat this country has to it is fighting crypto. some of the smartest devs and brightest people are coming up through there and they should be welcomed, not pushed away. you will see devs and start ups in el sal if we do anything stupid who will work remotely.

 

[johnnyredstorm]

Using current crypto market cap AMP would have to be a top 3 coin to hit $3.00…

it'll flip ripple. amp is literally everything ripple pretended to be.

 

[ballinsam23]

johnnyredstorm what are some counter arguments out there for why AMP won't succeed?

 

[sharpshooter718]

It's all being done by design ....I bet you Elizabeth Warren has a Bitcoin tucked somewhere.

The job is to pretend that Bitcoin and crypto is just a phase that we are going through but this is the beginning of a new system that will change the way we transact on a day to day basis...

Bitcoin might be energy hungry but that's a small obstacle to hurdle...

You can buy residency is parguat for 0.2 btc...

The goal is to be free

Xrp will replace nostro vostro... Do with that as you please...

Ethereum is oil 2.0 for the digital age...

#peace

 

[johnnyredstorm]

I guess competition from lightning network, traditional rails, PayPal, square. but the TAM is so massive that there is room for multiple winners. biggest risk is adoption right. amp is only as good as the need to spend digital assets.

market cap/supply is another risk, but the supply is enormous to enable spending and collateral so it's kind of a reflection of the TAM. it's the argument xrp bag holders would use to rationalize their holding but you know, it actually has a purpose this time and isnt vaporware.

I'd like to add more, but im not touching it on this pump. let price discovery play out and then we'll see. I've had buys from .005-.07 but the bulk of my position was built this downturn around .035-.05 (started adding in at .07)

 

[pdino]

AMP total supply 100 billion compared to btc 21 million.

“AMP-USD order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.”

might take awhile to get ramped up. I’ll give it a week.

 

[ICE CITY CF]

If you want an opportunity to get in early on a coin that I think has Amp like potential in its own unique use case, look at Everest’s ID token.

Blockchain secured digital identities and personal data protection with only a 50M market cap.

A successful project like this adapted by governments prevents the current California Unemployment and SBA EIDL/PPP fraud scandals. It has the potential to make consumer data protection laws unnecessary and redundant.

DYOR but I’m thinking of making a decent sized bet in this one.

 

[ICE CITY CF]

Pretty in-depth piece from CoinGecko on TerraUSD and how its demand drives the Terra ecosystem:

Unearthing the Biggest Algorithmic Stablecoin: UST b...

TerraUSD (UST) is one of the biggest algorithmic stablecoins in the market. Read on to find out how it operates and fits within the wider Terra ecosystem.

www.coingecko.com

 

[noskey]

AMP is trading on regular Coinbase now

 

[mplsdunk]

100 bucks here we go!

see you boys at sizzler eating Florida waygu. Don’t worry dinner is on me.

WE’RE NOT TIPPING !

 

[stuntman mike]

good thing i have everything in earn or i would be trying to time a dump and buy back. we all know how that would end up.

 

[mplsdunk]

You can pull it out of earn and give it a try if you want.

not advising that but you could...

 

[ballinsam23]

Any point of having Gemini now? The fees on CBP are much less.

 

[DsLee]

^^^
keeping my AMP on Gemini, maybe buying in future with CBP if fees lower. Have to pay capital gain if transferring wallet after gain right?

 

[patb23]

Any point of having Gemini now? The fees on CBP are much less.

I prefer Gemini because of the 10 free withdrawals per month. Plus Gemini active trader fees aren’t bad.

 

[mplsdunk]

I like I can earn interest on gemini without moving wallets.

 

[turbospartan]

AMP is trading on regular Coinbase now

Good thing I signed up for Gemini 2 days ago, specifically for AMP

 

[ICE CITY CF]

Any point of having Gemini now? The fees on CBP are much less.

?

Gemini base tier is 0.35%
Coinbase base tier is 0.5%

Pretty sure Coinbase doesn’t get cheaper until you reach their $50K 30-Day Volume tier and above.

I don’t have it like that.

0.5% isn’t horrible but even then Coinbase Pro fees are higher than what I pay on Gemini, KuCoin and FTX US.

 

[ballinsam23]

Gemini base tier is 0.35%
Coinbase base tier is 0.5%

Gemini charges 1.50% each way to buy and sell.

 

[gregory house]

If you use Gemini active trader on your desktop the fees are a lot lower