Bitcoin-based online gambling

[Tron]

 

[Dingo]

Crypto lending firm Celsius pauses withdrawals and transfers, citing market conditions

Crypto lending firm Celsius told clients in an email Sunday evening that it is pausing withdrawals and transfers, citing market conditions.

www.theblockcrypto.com

 

[betplom]

The Florida-based company is one of the biggest lenders in the crypto space, claiming to service roughly 1.7 million customers. Celsius is valued at $3.25 billion as of November, following a $750 million funding round led by Canada’s second largest pension fund, Caisse de dépôt et placement du Québec.

🤦

 

[betplom]

It's almost like this stuff has no intrinsic value, and as soon as everyone stops pretending it's worth something, it's worth nothing.

Hammer > nail!

Its like some people out there are living in an alternate reality.

 

[Tron]

Some people cashed out a substantial amount of money from Bitcoin and will use some of those proceeds to buy more once a “bottom” begins to take shape.

 

[betplom]

Some people also bought at the top and are crying over losses.
Crypto investing/gambling like everything else has winners and losers (paying off the winners).
The crypto "bro's" make it seem like everyone can win in the end, not possible.

 

[Vegas Dave]

Some people cashed out a substantial amount of money from Bitcoin and will use some of those proceeds to buy more once a “bottom” begins to take shape.

Sure. There will also be first time speculators excited to get in at a "bargain price" compared to previous highs. And corporations/funds coming in for pump and dumps.

But while future fluctuations are still likely in the cards, the intrinsic value of the product still seems to be zero. It is not an elegant solution as a replacement to currency. It is not a reliable store of data. It has failed terribly in spots it has been applied as "official currency". You could even argue it's intrinsic value is actually below zero given the damage and pollution it causes to mine.

Something is worth as much as someone is willing to pay for it, so maybe BTC comes out on top if it can keep winning the PR battle and milking people's FOMO for all it's worth. But there's no substance here.

 

[Tron]

BTC at $22,516

Buying a half a coin and hoping this thing doesn’t go to $15K tomorrow.

 

[Vegas Dave]

BTC at $22,516

Buying a half a coin and hoping this thing doesn’t go to $15K tomorrow.

Damn GL!

 

[MrMonkey]

It's almost like this stuff has no intrinsic value, and as soon as everyone stops pretending it's worth something, it's worth nothing.

Lol but feel the same. Not smart enough to get involved with it but I look at it is the most intangible asset one could own.

 

[roguejuror]

Coinbase fires 1100 employees, 18% of staff

even suckier customer service

 

[Matty]

Bill Gates Ruthlessly Mocks NFTs as Crypto Market Collapses

Bill Gates really, really hates cryptocurrency, saying on Tuesday that virtual coins and their NFTs are "100 percent based on the Greater Fool Theory."

futurism.com

“OBVIOUSLY, EXPENSIVE DIGITAL IMAGES OF MONKEYS ARE GOING TO IMPROVE THE WORLD IMMENSELY."

 

[betplom]

When the crypto crisis hits (and it soon will), the U.S. will be forced to strip away the cloak of anonymity that facilitates criminal acts and which gives crypto its allure

In developing economies, crypto has already become a significant vehicle for avoiding taxes, laundering money, and evading financial regulation

www.marketwatch.com

 

[Dingo]

Home

Latest news about Bitcoin, Ethereum, Crypto and NFTs. Guides on Crypto Exchanges, DEXs and Wallets. Discover and learn about hottest Altcoins.

cryptosrus.com

Was thinking about jumping in,but think I will wait it out.Very interesting article!

 

[betplom]

BTC at $22,516

Buying a half a coin and hoping this thing doesn’t go to $15K tomorrow.

tomorrow?

 

[Tron]

Too late. We all guess at what the bottom is.

 

[Tron]

Maybe 17.5 was the bottom?

 

[mcbaseball10]

Who knows. Bought 1/2 coin at 18.3k. Bought eth at $950. It's all a gamble.