cryptocurrency

[Zebbanon]

To be honest, before I would not have thought that I would be engaged in crypto trading and get good money. The pandemic has changed my attitude to trading. I'm currently trading at https://tabtrader.com and I consider myself to be quite an experienced trader already and it's great that some time ago I decided to try my hand at trading.

[dsawan]

looks interesting

[sipingyu]

Yes, as many of my friends and cousins are investing in it.

[sipingyu]

Great to see paypal offering crypto as well.

[UGetPaid]

Great to see paypal offering crypto as well.

Except Paypal doesn't offer "true" crypto. They allow you to buy it and hold it IN PayPal, but before you can spend/use it you have to convert it back into $. TRUE crypto would allow you to buy it and then transfer it out to another crypto wallet. PayPal's treatment of crypto is a complete joke.  (Unless things have changed since they first started when this was how it worked).

[dsawan]

Trying to learn it too

[calendria]

 

Some informative links on the rise and fall of Bitcoin cryptocurrency I found while touring the news.


https://www.axios.com/2022/05/05/ten-million-accounts-have-bought-bitcoin-on-cash-app

Since introducing bitcoin on the Cash app, more than 10 million accounts have bought some of the original cryptocurrency, according to the Q1 shareholder letter from Block, Inc (the company most people probably still think of as Square), released Thursday..

https://www.coindesk.com/business/2022/05/05/first-mover-americas-bitcoins-40k-breakout-elusive-as-fed-inspired-dollar-drop-loses-steam/

Market Moves: Dollar's recovery keeps bitcoin (BTC) under $40,000. While Federal Reserve Chairman Jerome Powell downplayed prospects of a 75 basis point (0.75 percentage points) rate hike in coming months, the policymaker expressed willingness to tolerate a recession to bring down inflation..


On-chain data analysis firm Glassnode today tweeted a chart of the 7-day moving average of exchange addresses receiving Bitcoin. It showed a one-month high of addresses receiving BTC at 1,889,792.

Sustained inflows would be a cause for concern for market participants. The chart below shows a steep uptrend of this metric from late April 2022.

Bitcoin exchange inflows spike
Source: @glassnodealerts on Twitter.com
With the Fed continuing its hawkish stance, risk-on assets like Bitcoin come under increasing pressure. And with no sign of inflation coming under control, investors are bracing for worse.

https://cryptoslate.com/bitcoins-net-exchange-flows-signal-trouble-is-brewing/

Bitcoin sinks over Fed rate rise
Wednesday saw the Fed raise interest rates by half a percentage point, the largest single increase in two decades. Although Bitcoin initially soared on the aggressive positioning by the US central bank, a change in trader sentiment followed.


https://cointelegraph.com/news/bitcoin-s-rocky-road-to-becoming-a-risk-off-asset-analysts-investigate

Bitcoin’s rocky road to becoming a risk-off asset: Analysts investigate
Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022?

Bitcoin’s net exchange flows signal trouble is brewing
Data shows BTC exchange inflows hit a one month high suggesting sell pressure is brewing.

[chachaflint]

Cryptocurrency is certainly a very good way to diversify your earnings. I also think you might be interested in business ideas such as creating betting platforms with sportsbook api. Proven api can be a great step for you on your way to profits. I think it might be useful for you if you are interested in the gambling field.

[DavidFlores18]

In principle, you can use this option

[oldbuddy]

In principle, you can use this option

The principal I follow is that the odds favor the house, so you will eventually lose.

[Margobl]

I'd been thinking of investing in crypto for a long time, and then I managed to discover Bhero. I can tell you that this launchpad turned out to be quite promising, and I decided to start working with it, I highly recommend you learn more about Bhero Tiers and start making money there, I'm sure you won't be disappointed if you decide to give it a try.

[fluffyubnny937]

Someone explain to me how Crypto isn't a scam. Because all I am seeing is people buying it in hopes the prices goes up to sell at a profit. But what can I use Crypto besides that? Just to clarify, what can I legally use Crypto for? It seems like Beanie Babies all over again, but at least when Beanie Babies lost their value your children still had them as toys to play with.

[UGetPaid]

Someone explain to me how Crypto isn't a scam. Because all I am seeing is people buying it in hopes the prices goes up to sell at a profit. But what can I use Crypto besides that?

Read the multitude of posts that oldbuddy has made with regard to bitcoin - and then see if they answer your question! (Not meant to sound snarky or condescending...)
You can buy pretty much anything with it.

[oldbuddy]

Someone explain to me how Crypto isn't a scam. Because all I am seeing is people buying it in hopes the prices goes up to sell at a profit. But what can I use Crypto besides that?

Read the multitude of posts that oldbuddy has made with regard to bitcoin - and then see if they answer your question! (Not meant to sound snarky or condescending...)
You can buy pretty much anything with it.

First of all, I never buy Crypto unless I use money I earned free online and then I invest it in an interest bearing savings account so that hope is replaced by a sure thing (15% APR). Remember if the value of Bitcoin goes down, that has no effect on my bottom line unless I sell it and since I am earning daily interest the number of coins continues to rise. I deal in Satoshi (which are tiny), but if I have a couple of Million the pool grows fast enough to satisfy me. The odds are someday those turned up noses will catch a glimps of the dream and attitudes will make an abrupt change like they did for me a few years ago. CRYPTO IS REAL MONEY!

[mrisha]

Is anyone into the bitcoin craze? My oldest son is making money from it, but I wonder how long it can last.

Does anyone understand it to put it in simple terms for a person like me who doesn't really get it? 

Be very careful about investing with Bitcoin. There are so many scams out there.  I was just listening to a podcast on AARP and this lady lost $110,00 trying to make money because initially they were making it seem awesome because she invested $400 and got back an additional $600.  So she invested a much larger amount and that's where they got her.