Bitcoin and virtual cryptocurrencies

I haven’t used defi for anything yet but was looking into monero atomic swaps:

I haven’t done it yet because I haven’t been actively trading in a while but starting to read up on it, sounds better than using the exchange. (centralized exchanges I mean)

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Anyone into NFT’s? January 19th is the release of HAPEBEAST…Made by one of the BAYC (Bored Ape Yatch Club) guys.
Crypto has taken a bit of a hit, so my brothers and I were gonna pitch in for one…IF we can get one.
Not gonna lie and I’m not sure why, but this gives me major, major fomo.

I don’t know anything about it seems like a trend to me could go down in price.

Speaking of which bitcoin is in the toilet. They are saying it’s from the fed. The future is not looking so good.

Was looking at this to find out if I owe capital gains. Looks easy enough. Hopefully it’s private enough. Like Turbotax or any service like that.

Might be the time to buy with prices plunging.

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Apologies for the detour into politics; I don’t at all mind seeing Russia punished, although I do think it’s a punishment that will unfortunately fall upon the average citizens of Russia far more than its leaders, but I think it’s interesting that one of the methods of punishment the U.S. & allies have chosen involves pushing a few buttons and digitally confiscating most of the Russian central bank’s foreign exchange reserves. Maybe Russia should’ve bought bitcoin as a reserve currency before starting an invasion. :wink:

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Russian government nearly banned crypto mining. There are limits on how much crypto or foreign currency you can buy. But it is clearly helping regular Russians to escape the falling ruble.

Ukrainian government welcomes crypto donations and crypto exchange turnover in hryvna goes up because it might be easier to flee the country with crypto rather than cash.

But usually only those already familiar with crypto benefit from it.

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just wondering who all enjoys crypto here

Found this today it seems pretty awesome

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I sold the bit I had in November. I’m thinking about jumping back in shortly. Others are saying how now is the time to buy. We just hit 20k last year. Now the sky is falling. I’m an idiot but I think btc will settle at 10-15k.

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Was holding a few crypto bags but decided to swap them for stables and short doge.
Should have done it a while ago with the panic that was happening the last few weeks/month.
Btc to $10k
Eth to $500
Doge to .009
Etc etc…lol

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But holy shit…be prepared to buy when the rough times are over.
:chart_with_downwards_trend::chart_with_downwards_trend::chart_with_downwards_trend::bar_chart::chart_with_upwards_trend::chart_with_upwards_trend::chart_with_upwards_trend::chart_with_upwards_trend::chart_with_upwards_trend::chart_with_upwards_trend::chart_with_upwards_trend::chart_with_upwards_trend::chart_with_upwards_trend:

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It’s interesting. I have been wondering, if all crypto if supposed to be in a Blockchain wallet, how is it then traded on one of those exchanges? An exchange totally misses the point of what crypto is about. How do these exchanges access crypto that is inherently locked in a safe? Are they some sort of ponzi scheme?

“Decentralization” means that it is held by many people and not on the current platforms or large corporate interests so to speak. The point of a crypto wallet and a Blockchain is so that people can use the currency freely without outside parties getting involved.

:four_leaf_clover::four_leaf_clover::four_leaf_clover:

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The market is still just a wee little baby. In reality the products on the market are only half finished. Investors seems to get the speculative investment wild price fluctuation things without really understanding crypto. There are no “working” currencys so to speak. The coins on the market are only half finished. People are buying half painted paintings…

Don’t get me wrong, crypto is great. But there is so much that has been left undone in the rush for a quick buck $$$. Crypto will flounder unless it becomes more than simply a speculative investment.

:four_leaf_clover::four_leaf_clover::four_leaf_clover:

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I still have .7 BTC I can’t access on a thumb drive cuz I forgot the password back in like 2012-13 or so

I have all my clients pay in crypto generally. All local nothing crazy they’re just down with it so fuck it lol

Exchanges are necessary to cash out and buy crypto
that’s why bisq is cool because there’s no user verification needed like Coinbase, binance etc

monero is what Bitcoin was trying to be initially… there’s a few others as well
over a decade I wouldn’t consider it a baby in the tech world

I use incognito wallet
it automatically tumbles your coins when in wallet and you can easily swap from coin to coin for pennies

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Really what I mean when I say wee little baby is that it is underdeveloped not new.
An exchange is completely unnecessary… actually defeats the point. The point of a blockchain is that all transactions take place on the Blockchain. With a properly configured wallet you can buy and exchange crypto…at least if you already have “some type”…but you can easily buy more to deposit into your wallet with a credit card.

The utility and financial beauty has been taken away from crypto in the mad rush and allurement of the crypto financial market.

:four_leaf_clover::four_leaf_clover::four_leaf_clover:

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Bro what

you do understand your literally contradicting yourself right

your opting for services that you have to verify your ID and literally send a picture of it
(wallets you can purchase with)

All the while saying the awesome verification free exchange I just shared with you is losing touch with how crypto started in its love for privacy and decentralization

:man_facepalming:t2:

I’m saying all the exchanges are a fat sack of shit. It defeats the purpose of a Blockchain and I’m really unsure how they are doing any trading at all. There are plenty of options to simply purchase crypto with cash or card no ID required.

Not knocking on your exchange…it’s just a generalization I am making.

They’re doing trading by having everyone’s coins on the exchange in their own wallet, not the customers. That’s how almost every major exchange has been hacked in the last decade. The coins aren’t locked in your wallet if they’re in an exchange.

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This is why it is bullshit. Consumers don’t need an exchange, only a decent crypto wallet. The exchanges are pulling the wool over people’s eyes.

you actually look into and read about the exchange I linked?
They don’t sell you anything
It’s all peer to peer

Bisq I can guarantee is practically what those who made crypto had in mind for the future

I’ve done enough local Bitcoin transactions to last a damn life time
I haven’t used bisq but I will be from now on

sure beats using OKex on a VPN and a prepaid with a chance it might not work :wink:
Fuck KYC

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