Almost 9%, because I have short (6 month) terms. I think you can get a lower rate with a longer interval or with a higher collateralization. I am at 2-1 collateral ratio. Anyway, all the interest payments were basically free because I bought the CEL token at a low price and it went like 10x and I paid interest with that. Now CEL is back in the toilet and I haven't decided what to do going forward. Right now I'm just sitting on my hands, not much else I can do, really.
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
18,000 is dogshit compared to the over 86,000 % return this guy made on 1 investment.. Make sure that you go all in on his recommendations!!..https://pages.exct.caseyresearch.com...ce=171213ImcAd,............from the linked page.......The four master secrets behind some of Doug’s most successful speculations… including an extraordinary 86,900% return on Paladin, which literally made Doug millions of dollars from a single position…
what's so funny about peace, love, and understanding?
No, it's not a problem for BTC and that's the whole point. But instant/easy verification is a problem for gold.
Look what happens when you Google "testing gold."
These tests are fucking comedy...um... gold.
https://bullionexchanges.com/learn/test-gold-real
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Goldman vultures circling.
https://twitter.com/CoinDesk/status/...Uy7JvgNoA&s=19
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All this shows is people are stupid. A magnet? Foundation? JFC.
do you understand that a bond is a debt? For X$ you buy a debt and generally a stream of interest payments on that debt. Governments and corporations and entities issue bonds to finance activities. There are bonds from the 1600s still being paid (or were last decade)
Hahaha - Produced by OJ Simpson and Kendall Jenner
No, my point is that it’s not actually a big problem for the average gold investor. It doesn’t even crack the top 5. It’s a straw man. Like most of the arguments for the merits of Bitcoin, it’s a solution in search of a problem. It really only makes sense if you compare it to other digital “assets.”
But I could see how the average BTC investor has gotten screwed by mistakenly buying wheelbarrow-fulls of pyrite. Because, you know, idiots….
ETA: I’m not advocating for buying gold or arguing that it has particular merit as an investment, just helping you flail on that straw man.
focus.
Yep, but it would be more accurate to say the trust is inherent with Btc, so it automatically has 100% trust. But like anything, it can be gambled away in high stakes games as played by Celsius and 3AC. Celsius wasn't doing anything illegal, but they took extreme risks with client funds in order to pay high yield, and they lost a few too many bets. The shady part is their marketing pitched their business model as the opposite, and many people believed it. The "Unbank Yourself" stuff is nonsense.
I'm far from a Bitcoin maxi, but the Lightning Network is what you seek. Capable of 1,000,000 transactions per second, far more than Visa.
Yep, there are a ton of gold-plated coins coming out of China that look and weigh the same (thanks to tungsten cores, etc) as real gold coins. Who would buy a gold coin from someone they don't know in a crisis scenario? Nobody. Booze and ammo would be much better for barter. Small denomination junk silver coins would be good to have as well, as low-value worn coins aren't worth faking.
Last edited by 1000-oaks; 06-25-2022 at 10:09 PM.
ammo and antibiotics are the currency of the end times - not gold/silver coins nor a cold wallet full of bitcoin
^ have to pm track head for a couple gallon jars of antibiotics..
No more Coinbase pro. Huh.
I knew I was going to be moving around 30k+ this year so joined Coinbase one(30$ per month, no buying/selling fees)
Will cancel when other money is moved, pretty much done buying large chunks unless something unknown happens.
My simple view as of late: strong buy BTC up to 50k, buy up to 100k, then let it run.
It’s not the BTC, it’s the irresponsibility with sovereign assets in speculative investments:
El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would.
The government’s crypto coffers have been cut in half, bitcoin adoption nationwide isn’t really taking off, and crucially, the country needs a lot of cash, fast, to meet its debt payments of more than $1 billion in the next year. This comes as the price of bitcoin has fallen more than 70% from its November 2021 peak, and more than 55% from the time Bukele announced his plan.
Negotiations have stalled with international lenders in part because they are unwilling to throw money at a country that is spending millions in tax dollars on a cryptocurrency whose price is prone to extreme volatility. Rating agencies, including Fitch, have knocked down El Salvador’s credit score citing the uncertainty of the country’s financial future, given the adoption of bitcoin as legal tender. That means that it’s now even more expensive for President Bukele to borrow much-needed cash.
But hasn't the GDP of El Salvador benefited since bitcoin adoption? Thought I read that somewhere...
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
It was more they continued to go up as historical trends kept moving. Compared to neighbors, they're starting to see bigger downturns, but tough from just one source/chart. That said, in many instances they were spending more in electricity generation costs than their BTC were worth, which is never a good idea.
World Bank stats on El Salvador and neighbors - https://data.worldbank.org/indicator...ns=SV-NI-HN-GT
According to article in Economist magazine ... El Salvador is much worse off financially since bitcoin adoption....and the dictator is increasing restrictions on media / free speech ... But the dictator increased his own wealth so that's what's most important to the bitcoin hucksters
what's so funny about peace, love, and understanding?
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