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Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says

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Re: Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says

#2
The more I know about cryptos, the more I remain skeptical. The only people I know that uses cryptos seriously are acquaintancies from latin america, and none of them for storing value, with the exception of Venezuelans. Not even argentinians, that just buy as many dollars they can.

IMO this is a thread worth reading on this topic: https://www.reddit.com/r/worldnews/comments/dj2jro/the_large...

Re: Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says

#3
post #2

The more I know about cryptos, the more I remain skeptical. The only people I know that uses cryptos seriously are acquaintancies from latin america, and none of them for storing value, with the exception of Venezuelans. Not even argentinians, that just buy as many dollars they can. IMO this is a thread worth reading on this topic: https://www.reddit.com/r/worldnews/comments/dj2jro/the_large...

With current Bitcoin volatility it's crazy to store money with it. I really love tech which allows me to remember passphrase and having all money locked inside my brain, so I would certainly use it if it weren't so volatile.

Re: Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says

#5
post #2

The more I know about cryptos, the more I remain skeptical. The only people I know that uses cryptos seriously are acquaintancies from latin america, and none of them for storing value, with the exception of Venezuelans. Not even argentinians, that just buy as many dollars they can. IMO this is a thread worth reading on this topic: https://www.reddit.com/r/worldnews/comments/dj2jro/the_large...

With current Bitcoin volatility it's crazy to store money with it. I really love tech which allows me to remember passphrase and having all money locked inside my brain, so I would certainly use it if it weren't so volatile.

I always get downvoted for asking this but... doesn’t that seem like a really bad idea that makes you far far more vulnerable to physical crime? If a guy mugs you at an atm, the bank is going to flag something as suspicious. If a guy mugs you for your private key, you have no recourse for all of your holdings- and the getaway is a lot easier. Physical crypto crime feels like it would be very prevalent if it became “mainstream”

Re: Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says

#7
post #2

The more I know about cryptos, the more I remain skeptical. The only people I know that uses cryptos seriously are acquaintancies from latin america, and none of them for storing value, with the exception of Venezuelans. Not even argentinians, that just buy as many dollars they can. IMO this is a thread worth reading on this topic: https://www.reddit.com/r/worldnews/comments/dj2jro/the_large...

With current Bitcoin volatility it's crazy to store money with it. I really love tech which allows me to remember passphrase and having all money locked inside my brain, so I would certainly use it if it weren't so volatile.

You can use DAI (https://makerdao.com/en/) or BUSD (https://www.binance.com/en/lending, 2.5% interest anually) which are tied to the USD value.

Re: Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says

#8

Earlier quoted context omitted.

With current Bitcoin volatility it's crazy to store money with it. I really love tech which allows me to remember passphrase and having all money locked inside my brain, so I would certainly use it if it weren't so volatile.

You can use DAI ( https://makerdao.com/en/ ) or BUSD ( https://www.binance.com/en/lending , 2.5% interest anually) which are tied to the USD value.

How tied? How much do you trust the company doing the backing? If you want to be tied, why not just track the dollar directly?
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