Elon just announced that he owns Bitcoin, that Tesla owns Bitcoin, and that SpaceX owns Bitcoin.
He also announced that Tesla will most likely resume accepting Bitcoin payments.

Same for me... Coinbase Pro works well, easier than KuCoin or Kraken, and fees are less than Coinbase.

Gofundme to recover $5 million in a lost wallet? Not sure what I think about that, especially since they initially bought them for nothing.

https://wjla.com/amp/news/local/dc-family-cant-access-cryptocurreny-wallet-asking-for-help

Personally...I hate this kind of shit.

I don't approve of the GFM acct, but the fact that a glitch in a system can steal your money ...that's BS. This is not a case where a 3rd party stole the money, and that's a different story.

If this works I’m gonna do the same thing. Anybody donating to this is a sukkka

It can happen and will happen and you can’t do shit about it in a unregulated market. Good luck getting any thing back from half these exchanges if they decided to close your account.

I don't keep large amounts of crypto on an exchange....or a software wallet.

Yup. I have a few illegible screenshots that say I own 826 BTC. Gofundme here I come!

Because I'm such a nice guy, I'll let all of my fellow Pinside friends be first in line to donate. I accept Crypto or Fiat.

I've had Binance and Coinbase accounts for at least 6 years and really had zero problems moving coins or money in and out. On the other hand, during the great recession, when my bank failed in 2008 (Washington Mutual, the biggest bank failure in history), it took weeks, possibly months, to recover my money. When a company fails that you are invested in, do you recover your money? If you are scared of the risks of investing in crypto, don't invest in crypto. And don't invest in high growth stocks either. Stick with safe index funds and grow your money more slowly.

And out…damn I need a smoke after that ride.

Everything is shooting up today/tonight, I made some small buys right as I saw it starting. Great week for the Market and crypto.

Yup cashed out on the peak waiting for another dip. I was on the way to pickup a CV but I guess I’m saving all this cash now, so off to margaritaville

039492B5-6AE4-49B2-B32F-8B45D01D4110 (resized).jpeg

Where are you buying stuff like that? I saw you posted that the other day, but didn’t see if on any of the normal exchanges.

I used MetaMask. You can get almost anything Eth based there or use uniswap.
Sold alittle early it’s at 48 now, yesterday when I sold it was about 40 but pretty much doubled in 10 days. Leads me to believe it will get a big jump when any major exchange carries it.

Go Bitcoin... It's you're birthday!

(Think "American Pie" where the kid is singing "Go trig-boy, it's your birthday"!)

It’s gonna crash again soon, but this rocket made for some good profits. Ride the wave!

Interesting tax loophole for crypto losses…

https://www.cnbc.com/2021/07/25/tax-loophole-wash-sale-rules-dont-apply-to-bitcoin-ethereum-dogecoin.html

Mila and Ashton launch an NFT tomorrow. I’m probably going to bite on a few.

People are making a lot of money buying an selling NFTs... A 12 year old recently sold an NFT for $160k which was a bunch of computer generated whale icons. Personally I still don't get those that don't include licensing rights. I get collecting, but there's somewhat limited value there. The market will mature and make sense, and until then there are opportunities for those that understand what they are buying... but I'm definitely not there.

Not sure what this week will bring, but it’s definitely not crashing tonight!

Amazon is rumoured to be announcing accepting crypto soon as payment, as well as introducing their own coin in the future. It’s rumoured that the first four cryptos it will accept Are Bitcoin, ethereum, cardano and Bitcoin cash.

If that doesn't cause a branch like the IRS to make some kind of regulatory statement then it's gonna be YOLO for next decade

If this is true, Cardano is about to break out. Heck, it is right now, glad I loaded up this past week. Bitcoin is up close to 12% in the last 24 hours, was there some news I missed? Or all on the Amazon rumors?

A lot of shorts got squeezed today too, so that’s at least part of the reason for bitcoins jump.

Shorting Bitcoin is like poking a Grizzly with a stick...you might get away with it a time or two...but sooner or later....

Cryptos are scheduled to reach a new ATH, as they keep doing over and over through cycles. The only trick is, it takes patience....you never know how long it will take. But it keeps hitting new highs.....eventually.

Nearly 1 billion in shorts on BTC have been liquidated in the last 24hrs.

"Stupid is, as stupid does"

Wow hope you guys did not dump at 30k (think most of you bought lol)

Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report -
https://news.bitcoin.com/jeff-bezos-amazon-accept-bitcoin-popular-cryptocurrencies/

report was just denied by amazon per bloomberg and we saw a quick drop over an hour period. Hopefully it stops there and continues its climb

Well ..bummer, but not surprising.

The news is a bit muddled but I'm still taking it as encouraging. Here's the Bloomberg report that may clarify things.

"Amazon Job Posting Hints at Plan to Accept Cryptocurrency"

"An Amazon job posting published online last week seeks a “Digital Currency and Blockchain Product Lead.” After Insider reported the existence of the posting earlier, Bitcoin surged to about $40,000. Amazon shares gained about 1% in New York"

https://www.bloomberg.com/news/articles/2021-07-26/amazon-job-posting-hints-at-plan-to-accept-cryptocurrency

I think we’re gonna see several more dips. Hopefully it starts to level out by next year

I think it will be at least another decade before this market "levels out"

On the one hand it's interesting that they are looking into blockchain technology, but frankly they'd be stupid not to? I imagine a lot of technology companies are looking at the space.

As far as I can make out an "insider" said that they would be looking at accepting "Bitcoin, Ethereum and Cardano" alongside creating their own coin, or something. There doesn't seem to be anything more than that, certainly nothing official, yet it led to quite a pump. I'm not complaining, of course, but being pragmatic I don't see how Amazon advertising for a blockchain-focused tech role means an existing cryptocurrency is going to be adopted by them.

You could make a compelling argument that the market reaction to this part-real, part-speculative news is actually counterproductive to the goal of getting a crypto adopted by them. If them just maybe-sortof-perhaps adopting it creates that kind of movement in the market, then another company would end up having a measure of control over Amazon by proxy. Imagine if Amazon started accepting, and banking Bitcoin, and another company (or China) decides to give them a bloody lip by seeding negative news and devaluing their holdings etc.

I'd be curious to know who this "insider" at Amazon was, and what skin they have in the game. In the world of stocks & shares that kind of market manipulation would certainly attract some SEC attention, I think.

Just submitted the application for the BlockFi Bitcoin rewards VISA card.

What do you get with the card?
• Earn 3.5% in bitcoin back on all purchases in your first 3 months, and 1.5% on all purchases after.
• No annual fee. No foreign transaction fees.
• Earn 2% back on every dollar over $50,000 of annual spend.
• Earn crypto interest on your Bitcoin rewards.
• 2% extra APY in Bitcoin on your stablecoin holdings.
• Trading bonus: 0.25% back in bitcoin on all eligible trades.
Once you’re a cardholder, you can earn $30 in Bitcoin for every client referral to BlockFi, on top of the base Refer-a-Friend program.

I find these kinds of articles trickling in to "mainstream" news sites to be really irresponsible. It's the kind of clickbait you'd expect on deeper industry sites but come on Bloomberg.
If I was the editor I'd recognize this as a pump & dump opportunity because 100% them publishing rumours will cause a jump in price.

Almost sounds too good to be true. With them reducing their APY % every few months, I fully expect a few of those bullet points to be dropped as more adopt the card.

But very exciting in the meantime!

This is exactly what I've been waiting for - but Blockfi locked me out and said it couldn't verify my identity even with high res scans of my documents! Seems like the consumer service on crypto stuff takes foooooorevvvveer to iron out. Even longer than pinball customer service. lol

the upswing was more related to liquidating shorts than the Amazon news.

Isn't BlockFi the one a bunch of states are going after right now?

If 3 is a "bunch"...it's all bullshit IMHO.

I always thought 3 was "a few".

Picked up some stoner cats today

I;ve been watching Bitcoin lately and it appears that as soon as the price cracks a certain range people pull massive liquidity.
Like a Salmon swimming upstream.
Evidently a significant number has been waiting to cash out.

Yep ...but it won't be long before stock to flow does its thing.

Are they lazier than normal cats?

And hungrier?