I am Crypto Millionaire AMA | |
Anonymous Coward User ID: 77052434 France 07/24/2021 08:18 PM Report Abusive Post Report Copyright Violation | I wonder at what point it will be possible to secure a loan from a bank in fiat, which will enable you to live, on the back of your crypto holdings? Quoting: Anonymous Coward 80650480 I too am wondering this. I have reached a point now where I can just buy a house without relying on a bank, but I do wonder how banks will treat people who make a living in DeFi since you can draw from it like a salary but I don't think they recognize it as a steady source of income even though it's more secure than a lot of industries these days. Thanks for taking the time and giving some thought and a reply to my question OP. I do believe banks will eventually have their own in-house API which you will be able to enter your wallet address and they will be able to view the wallets transaction history. Prove it by sending a certain amount from that address and they will assess a persons risk like this. I think at least 5 years away. The only way I can live off it now is by converting to fiat by using a company I am registered with. I pay $15 for every $2000 I convert right now. Or buy a house out-right because I don't believe I would qualify for a mortgage even if I can prove I make $35,000/month. i sold €1.4m for 800k cash to a chinois in 2013 |
syncro
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Anonymous Coward User ID: 80287828 United States 07/24/2021 10:14 PM Report Abusive Post Report Copyright Violation | Do you hold any reservation on its stability? Quoting: Anonymous Coward 78951208 Reason I ask, So am I and it just sits there. I don't have any faith in it. I bought it when I was drunk many many years ago. I know a few others that feel the same. Just curious. The 8th wonder of the world is compounding interest. The stability becomes meaningless once you learn how to use DeFi and compound your interest daily... even hourly, or even every 10 minutes. If you bought it and it just sits there then I would be a little more worried about the stability of Bitcoin. But if you look @ it's history year over year over year nothing in human history has performed this well. Short term stability, concerning. Long-term, not so much. how much did it take for you to get where ur at and how much do you make a day and do you use autofarm? |
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Transracialist Yo Adrian
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OU8122
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OneFeather
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OU8122
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Anonymous Coward User ID: 77704742 United States 07/25/2021 12:19 AM Report Abusive Post Report Copyright Violation | Mining Farm??? Quoting: Anonymous Coward 68939999 I think you should in vest in good homesteading women and have them grow food and mend clothes for you. They way the world is going. You not very smart, going to be lonely with all that cryto you wont be able to eat or wear. When the cyberpandemic happens. I have given up on women. I had a 7 year relationship and a 5 year relationship and for the most part both women were identical. They had very little respect for men and were very self-absorbed. I am currently focusing on providing a life for myself that I find comfortable and I will wait until the next generation of women grow up cause millennial women are awful. I am sure there are exceptions... but it's hard to find a decent woman who's mantra is "you don't need a man". I hear this 1000%. My wife of 7 years just left six months ago (and one month after my pap died of Covid) she left me and four children. She's now trying to force a sale of our home(I took a covid forbearance to get our 2018 t.6% interest down to 3.6% and a lower monthly And she refuses to sign the final loan mod agreement) as I was the stay at home dad (just got my bachelor's and am a disabled vet) I asked you about AMP because I have close to 50k shares and AMP eventually going to a dollar would help me pay off my home and keep us from being homeless. |
Anonymous Coward User ID: 80287828 United States 07/25/2021 05:23 AM Report Abusive Post Report Copyright Violation | OP, great post. Some questions: Quoting: Anonymous Coward 77440428 1.) For those unfamiliar with cryptocurrencies, how would someone even get started? Any books, web sites, recommended software purchases would be helpful. 2.) There have been news reports about crypto theft from hackers. How does one go about protecting the crypto assets from theft? 1) [link to academy.binance.com (secure)] 2) Trust Wallet. Download Trust wallet and Create new wallet. Or download Metamask and create a new wallet. You will be given a 12 word phrase. Write those 12 words down and then hide it and never tell anyone those words. Also, never enter those 12 words into anywhere until you 100% sure you are entering it into a legit wallet provider from a verified source, (metamask, coinomi. etc.) You can use those 12 words to store all your crypto. If you create a new BTC wallet, enter those 12 words and you get access to your BTC wallet. Same for Ethereum, enter those same 12 words and you get access to your ETH wallet. If you lose your phone or tablet, just re-download Coinomi or Trust wallet and restore it using those 12 words. Stay off centralized exchanges unless you are using them as an off/onramp. Don't store your crypto on them because they own your keys. dont use 12 seed phrase key store wallets, they are now easily hackiable. use 24 seed phrases for temporary transactions and multisig, its the only way |
Anonymous Coward User ID: 75528747 United States 07/25/2021 05:27 AM Report Abusive Post Report Copyright Violation | If any of you are interested in DeFi there is MATIC/POLYGON Quoting: Anonymous Coward 79514875 1st popular is ETH 2nd popular is BSC 3rd popular is MATIC/POLYGON (ADA doesn't work yet). Problem with MATIC is less users and volume, but more people and volume are going over there. The positive thing is the gas fees are really really really low. In fact, you can get free gas if you run out as well. Here is a great place to get started in your DeFi career: [link to polycrystalfinance.medium.com (secure)] [link to polycrystal.finance (secure)] Use METAMASK and connect to MATIC RPC. elrond and maiar will be big |
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Anonymous Coward User ID: 80287828 United States 07/25/2021 05:46 AM Report Abusive Post Report Copyright Violation | prove it. deposit 1 satoshi into this account. 3PqpvRQT4A4SApdBmZHEJUNVcuMN3cieH3 Quoting: Anonymous Coward 72323488 even if i did send it, it would be from an address that has 0 history so you it wouldn't prove anything. I will however give 1 cake to someone if they have BEP-20 address may i try the cake out? 0xFB0B0A03c3Ed9BBEFd3058c9bC5FA78c2d6C76d2 |
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OneFeather
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Anonymous Coward User ID: 80539672 United States 07/27/2021 11:47 PM Report Abusive Post Report Copyright Violation | I do freelance work,research,write copy….mostly creative stuff. I have read what I can about cryptocurrency but feel I only understand about 50%. Should I accept crypto as payment or stick to what I know? It all feels a little “Here’s a packet of magic beans!” at times.. |