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I am Crypto Millionaire AMA

 
Anonymous Coward
User ID: 77052434
France
07/24/2021 08:18 PM
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Re: I am Crypto Millionaire AMA
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.
 Quoting: Anonymous Coward 79514875


Thanks for taking the time and giving some thought and a reply to my question OP.hf
 Quoting: Anonymous Coward 80650480


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.
 Quoting: Anonymous Coward 79514875


i sold €1.4m for 800k cash to a chinois in 2013
syncro

User ID: 21852917
United States
07/24/2021 08:39 PM
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Re: I am Crypto Millionaire AMA
If I'm not misunderstanding the question, you can borrow fiat on crypto collateral already from those like Celsius Network. Cheap, easy loans, very flexible, avoiding tax not selling.
Anonymous Coward
User ID: 80287828
United States
07/24/2021 10:04 PM
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Re: I am Crypto Millionaire AMA
I am Crypto Millionaire AMA
 Quoting: Anonymous Coward 79514875


which wallet do you use?
Anonymous Coward
User ID: 80287828
United States
07/24/2021 10:14 PM
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Re: I am Crypto Millionaire AMA
Do you hold any reservation on its stability?

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.
 Quoting: Anonymous Coward 78951208


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.
 Quoting: Anonymous Coward 79514875


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?
Anonymous Coward
User ID: 69417018
United States
07/24/2021 10:28 PM
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Re: I am Crypto Millionaire AMA
Is it true you can use the crypto
called Particl to buy gold and drugs anonymously.
Anonymous Coward
User ID: 80297955
Netherlands
07/24/2021 10:30 PM
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Re: I am Crypto Millionaire AMA
How much did you lose since May, when I told everyone to bail.
Transracialist Yo Adrian

User ID: 80530582
United States
07/24/2021 10:33 PM
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Re: I am Crypto Millionaire AMA
How many blacks and homosexicles do you have working for you?
If it is less than 1 I'm reporting this thread.
(Pulls off mask)"And we would have gotten away with it, if it wasn't for those meddling Qtards" Klaus S.
Anonymous Coward
User ID: 79017631
United States
07/24/2021 10:37 PM
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Re: I am Crypto Millionaire AMA
how do you plan to withdraw all that money

via the BTC ATM?!

all in cash?! what dollar values are they giving out the money

pigchef
 Quoting: Anonymous Coward 79927953


i actually live in a small town in Indiana, and theres 2 bitcoin atms here. id imagine far more in the cities.
Anonymous Coward
User ID: 80654302
Singapore
07/24/2021 11:41 PM
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Re: I am Crypto Millionaire AMA
Cake please! 0xb2fDeA6f971fe31D53831FfFeA726E677177fA64
Anonymous Coward
User ID: 77704742
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07/24/2021 11:46 PM
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Re: I am Crypto Millionaire AMA
I am Crypto Millionaire AMA
 Quoting: Anonymous Coward 79514875


Thoughts on AMP? They are creating partnerships behind the seems and don't seem interested in marketing hype. Connected to the Winkelvoss twins through flaxa/Gemini
Anonymous Coward
User ID: 80654302
Singapore
07/25/2021 12:00 AM
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Re: I am Crypto Millionaire AMA
Cake ppppppppppllllllllllllllllleeeeeeeeeeeeeeeeeeaaaaaaaaaaaaaaaa​aasssssssssssssssssssssssseeeeeeeeeeeeeeeeeeeeee
Anonymous Coward
User ID: 80090987
Canada
07/25/2021 12:10 AM
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Re: I am Crypto Millionaire AMA
Me too! Just retired at 57.
OU8122

User ID: 79553795
United States
07/25/2021 12:11 AM

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Re: I am Crypto Millionaire AMA
Help a brother out ???
OU8122
OneFeather

User ID: 78137372
United States
07/25/2021 12:11 AM
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Re: I am Crypto Millionaire AMA
Is the love of money the root of all evil?
OU8122

User ID: 79553795
United States
07/25/2021 12:14 AM

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Re: I am Crypto Millionaire AMA
What happens when they come out and say it was all just a social experiment to see if people could be fooled in to buying air???

You converted to cash ??? If so, bravo, I'm jealous.
OU8122
Anonymous Coward
User ID: 77704742
United States
07/25/2021 12:19 AM
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Re: I am Crypto Millionaire AMA
Mining Farm???

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.

flower
 Quoting: Anonymous Coward 68939999


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".
 Quoting: Anonymous Coward 79514875


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
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Re: I am Crypto Millionaire AMA
OP, great post. Some questions:

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?
 Quoting: Anonymous Coward 77440428


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.
 Quoting: Anonymous Coward 79514875


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
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Re: I am Crypto Millionaire AMA
If any of you are interested in DeFi there is MATIC/POLYGON


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.
 Quoting: Anonymous Coward 79514875


elrond and maiar will be big
Anonymous Coward
User ID: 80650701
Australia
07/25/2021 05:34 AM
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Re: I am Crypto Millionaire AMA
I am Crypto Millionaire AMA
 Quoting: Anonymous Coward 79514875


who would win in a race between a worm and a snail???
Anonymous Coward
User ID: 23984093
Canada
07/25/2021 05:36 AM
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Re: I am Crypto Millionaire AMA
I am Crypto Millionaire AMA
 Quoting: Anonymous Coward 79514875


Invest in
Veroxai.io (vrx on eth) (ai signals)
Wasder (was on eth)
Shikoku inu on bsc (crossxhain swap)
Anonymous Coward
User ID: 79127316
United States
07/25/2021 05:40 AM
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Re: I am Crypto Millionaire AMA
Are you a fucking rat faced cop caller?
Anonymous Coward
User ID: 72272250
United Kingdom
07/25/2021 05:42 AM
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Re: I am Crypto Millionaire AMA
op is genuine. i got my cake!!
Anonymous Coward
User ID: 80287828
United States
07/25/2021 05:46 AM
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Re: I am Crypto Millionaire AMA
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
 Quoting: Anonymous Coward 79514875


may i try the cake out?
0xFB0B0A03c3Ed9BBEFd3058c9bC5FA78c2d6C76d2
Anonymous Coward
User ID: 80653826
Canada
07/26/2021 09:33 AM
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Re: I am Crypto Millionaire AMA
Cryptocurrency is supposed to be a big part of the great reset.
UBI delivered electronically...if you take your boosters...if you obey...if you snitch on your neighbors you get extra.

Also, if the power goes permanently out, you got nothing.
Anonymous Coward
User ID: 80577570
United States
07/26/2021 09:35 AM
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Re: I am Crypto Millionaire AMA
i need some cash bro

send it to

@moneyforblow

or @hunter-bidet
Anonymous Coward
User ID: 80353538
United States
07/26/2021 09:40 AM
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Re: I am Crypto Millionaire AMA
what is your name and address?
Anonymous Coward
User ID: 76136020
United States
07/27/2021 11:02 PM
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Re: I am Crypto Millionaire AMA
bump
OneFeather

User ID: 78137372
United States
07/27/2021 11:35 PM
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Re: I am Crypto Millionaire AMA
What is the minimum amount of dollars to invest and what should I invest in to join you by this time next year?
Anonymous Coward
User ID: 80539672
United States
07/27/2021 11:47 PM
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Re: I am Crypto Millionaire AMA
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..





GLP