1. 02-21-21 11:07 AM #1576
    ace7550
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    Quote Originally Posted by ChuckyTheGoat View Post
    Someone want to explain to me the F2pool? George (CryptosRUs) is saying that the outflow today is huge.

    Is this an issue?
    All this means is that crypto miners who are in the F2pool (which is massive) are moving their coins from their F2pool wallets to other wallets. It doesn't necessarily mean they are selling.
    My guess is that some are selling and some are just securing their coins in cold wallets because the rise in BTC price also means a rise in liability.
    I mine bitcoin and litecoin and my miners are in the nicehash pool. I move my coins out of my nicehash wallet about every 10 days.
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  2. 02-21-21 11:18 AM #1577
    the_situation
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    Quote Originally Posted by MickeyMan View Post
    This might be a stupid question but do the new Bitcoin etf’s actually purchase Bitcoin like grayscale does?
    Yes they do. At least BTCC and EBIT in Canada
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  3. 02-21-21 11:31 AM #1578
    ChuckyTheGoat
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    Quote Originally Posted by milwaukee mike View Post
    chucky you worry too much
    Fair comment. It's really not that I worry. Just that I'm trying to educate myself.
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  4. 02-21-21 11:36 AM #1579
    ChuckyTheGoat
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    Quote Originally Posted by ace7550 View Post
    All this means is that crypto miners who are in the F2pool (which is massive) are moving their coins from their F2pool wallets to other wallets. It doesn't necessarily mean they are selling.
    My guess is that some are selling and some are just securing their coins in cold wallets because the rise in BTC price also means a rise in liability.
    I mine bitcoin and litecoin and my miners are in the nicehash pool. I move my coins out of my nicehash wallet about every 10 days.
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  5. 02-21-21 12:36 PM #1580
    batt33
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    Quote Originally Posted by ace7550 View Post
    All this means is that crypto miners who are in the F2pool (which is massive) are moving their coins from their F2pool wallets to other wallets. It doesn't necessarily mean they are selling.
    My guess is that some are selling and some are just securing their coins in cold wallets because the rise in BTC price also means a rise in liability.
    I mine bitcoin and litecoin and my miners are in the nicehash pool. I move my coins out of my nicehash wallet about every 10 days.
    Dang it.....something else I need to learn in this crypto world, But I appreciate the explanation! Friend asked me what are you doing in retirement to keep busy......trying to figure out this crypto currency....feels like I'm back school
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  6. 02-21-21 12:47 PM #1581
    ChuckyTheGoat
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    No! Did it again. Touched 58k.
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  7. 02-21-21 12:47 PM #1582
    ace7550
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    Quote Originally Posted by batt33 View Post
    Dang it.....something else I need to learn in this crypto world, But I appreciate the explanation! Friend asked me what are you doing in retirement to keep busy......trying to figure out this crypto currency....feels like I'm back school
    It's endless and it can be damn confusing. I know quite a bit about the mining side of things and how coins like litecoin and bitcoin function. But if you wanna talk ETH, BNB, defi, new coins...I don't know shit
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  8. 02-21-21 12:48 PM #1583
    ChuckyTheGoat
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    Quote Originally Posted by batt33 View Post
    Dang it.....something else I need to learn in this crypto world, But I appreciate the explanation! Friend asked me what are you doing in retirement to keep busy......trying to figure out this crypto currency....feels like I'm back school
    Batt, I'm right w/ u. Back in school, education all over again. But this is more fun.
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  9. 02-21-21 12:50 PM #1584
    ChuckyTheGoat
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    Quote Originally Posted by ChuckyTheGoat View Post
    New contestant = The Ice Man. Knowledgable guy, smarter than me.

    *Current = 56,200.

    *Target = 58,000.

    *Payday = +580. Time constraint = Sunday 1159pm Eastern. 56 hours, Good Luck!
    +580 paid. It just ticked onto 58,000.

    Hit rate on these ATH contests has to be > 70%. Never had so much fun going broke.
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  10. 02-21-21 02:53 PM #1585
    batt33
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    Quote Originally Posted by ChuckyTheGoat View Post
    Batt, I'm right w/ u. Back in school, education all over again. But this is more fun.
    True that! Feel Like a freshman in a senior class though!
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  11. 02-21-21 03:30 PM #1586
    pablo222
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    Quote Originally Posted by batt33 View Post
    True that! Feel Like a freshman in a senior class though!
    Fake it til you make it.
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  12. 02-21-21 03:34 PM #1587
    mngambler
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    Quote Originally Posted by ace7550 View Post
    It's endless and it can be damn confusing. I know quite a bit about the mining side of things and how coins like litecoin and bitcoin function. But if you wanna talk ETH, BNB, defi, new coins...I don't know shit

    I can help with anything defi/BSC/BNB/ETH related if you have questions...I've been down that rabbit hole for a few weeks now lol
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  13. 02-21-21 03:46 PM #1588
    pablo222
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    https://twitter.com/BTC_Archive/stat...htmode%3Dfalse

    A lot of BTC continues to be moved to cold storage.
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  14. 02-21-21 04:04 PM #1589
    raiders72001
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    Quote Originally Posted by ChuckyTheGoat View Post
    Someone want to explain to me the F2pool? George (CryptosRUs) is saying that the outflow today is huge.

    Is this an issue?
    F2Pool has been dumping huge amounts of bitcoin all at once. This has been the cause for some of the big dips. This is different than the outflow that ace properly described.
    Last edited by raiders72001; 02-21-21 at 04:09 PM.
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  15. 02-21-21 04:42 PM #1590
    DwightShrute
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    I just sold 1.3 bitcoin.
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  16. 02-21-21 05:29 PM #1591
    kucyk9010
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    Quote Originally Posted by DwightShrute View Post
    I just sold 1.3 bitcoin.
    Nice
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  17. 02-21-21 05:46 PM #1592
    DwightShrute
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    Quote Originally Posted by kucyk9010 View Post
    Nice
    ya I think its smart to take out some profit. I still have just under 3 and lets see what happens!
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  18. 02-21-21 06:45 PM #1593
    Jibbysdaddy
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    Quote Originally Posted by DwightShrute View Post
    I just sold 1.3 bitcoin.
    So you cashed out for what? $80k? Pics or it didn't happen

    haha just kidding good shit if this is true. I'm definitely holding onto it long term.
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  19. 02-21-21 06:49 PM #1594
    pablo222
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    I think you jumped the gun Dwight.

    But can't argue taking profits after the meteoric rise the past 6 months.
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  20. 02-21-21 06:54 PM #1595
    Jibbysdaddy
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    Quote Originally Posted by pablo222 View Post
    I think you jumped the gun Dwight.

    But can't argue taking profits after the meteoric rise the past 6 months.
    Definitely a good idea to sell some but an even better idea to hold some on a ledger long term. The most valuable piece of information is this: After 2025 there's not gonna be anymore bitcoin mined. There will only be 21 million total mined and then at that point it will become a scarce resource. HODL long term fellas. It's the smartest thing you'll ever do. Also I'd definitely keep some ethereum and XRP. Don't be a dumbass like my son Jibbby and sell at $36k cause you made a couple hundred and got scared like a bitch . You're all welcome.
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  21. 02-21-21 07:40 PM #1596
    DwightShrute
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    Quote Originally Posted by pablo222 View Post
    I think you jumped the gun Dwight.

    But can't argue taking profits after the meteoric rise the past 6 months.
    profit is always good. I hope it keeps going up. I have other stuff to invest in which I am using this cash for.

    I bought all my btc for less that 2000.
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  22. 02-21-21 07:58 PM #1597
    BeatTheJerk
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    Quote Originally Posted by Jibbysdaddy View Post
    Definitely a good idea to sell some but an even better idea to hold some on a ledger long term. The most valuable piece of information is this: After 2025 there's not gonna be anymore bitcoin mined. There will only be 21 million total mined and then at that point it will become a scarce resource. HODL long term fellas. It's the smartest thing you'll ever do. Also I'd definitely keep some ethereum and XRP. Don't be a dumbass like my son Jibbby and sell at $36k cause you made a couple hundred and got scared like a bitch . You're all welcome.
    Your son being the millionaire that he is, seems to be very conservative with his investments & gambling. He bets like a 100 dollars a game. That’s like if I fuckin’ bet one dollar per wager wtf
    Last edited by BeatTheJerk; 02-22-21 at 07:28 AM.
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  23. 02-22-21 04:12 AM #1598
    Sam Odom
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    Is <$50K a buying opportunity or should we tread lightly ?

    Post your guess below
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  24. 02-22-21 05:38 AM #1599
    MrSink
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    some profits realizing going on . good news , market will cool off for a while
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  25. 02-22-21 05:59 AM #1600
    dngf
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    Hello:
    I won some mBTC in the football pool last year. It is in an Electrum wallet. It is now up over 50% in value since early January. How do I convert it to cash?
    thank you
    dngf
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  26. 02-22-21 06:01 AM #1601
    pablo222
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    Quote Originally Posted by dngf View Post
    Hello:
    I won some mBTC in the football pool last year. It is in an Electrum wallet. It is now up over 50% in value since early January. How do I convert it to cash?
    thank you
    dngf
    Get set up on an exchange. Gemini or Coinbase.
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  27. 02-22-21 06:26 AM #1602
    Optional
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    Quote Originally Posted by dngf View Post
    Hello:
    I won some mBTC in the football pool last year. It is in an Electrum wallet. It is now up over 50% in value since early January. How do I convert it to cash?
    thank you
    dngf
    If you do not plan to continue using bitcoin, maybe just search for a bitcoin ATM near you? Most expensive method for fees though.

    If you use a regular exchange you will need to signup and give them ID. If that isnt a problem for you gemini.com coinbase.com or download the CashApp on your phone.


    You could also deposit it to a book?
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  28. 02-22-21 07:49 AM #1603
    JAKEPEAVY21
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    Hopefully this is the extent of the correction.
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  29. 02-22-21 08:02 AM #1604
    killawookie
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    Every Crypto on binance is in the red.. what a pull back.
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  30. 02-22-21 08:09 AM #1605
    Sam Odom
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    Quote Originally Posted by Sam Odom View Post


    Is <$50K a buying opportunity or should we tread lightly ?

    Post your guess below

    Going to take a wait and see if (when) it falls below 50K
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  31. 02-22-21 08:16 AM #1606
    ChuckyTheGoat
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    What a burial.
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  32. 02-22-21 08:18 AM #1607
    pablo222
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    $47.667.83

    Are you buying Mr. Odom?
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  33. 02-22-21 08:18 AM #1608
    Sam Odom
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    Crazy
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  34. 02-22-21 08:18 AM #1609
    ChuckyTheGoat
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    Quote Originally Posted by Sam Odom View Post
    Going to take a wait and see if (when) it falls below 50K
    Sam, what do u make of these fluctuations?

    Can your old-man heart handle all this excitement?
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  35. 02-22-21 08:19 AM #1610
    Sam Odom
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    Quote Originally Posted by pablo222 View Post


    $47.667.83

    Are you buying Mr. Odom?

    see post #1606
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