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Mika
@mtl1979
51
Freelance journalist, software designer
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124
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Location
Kaarina, Finland
Website
http://www.talleo.org
Created
2017-10-05 19:09
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mtl1979
LeoFinance
6y
RE: Bitcoin sitting on Exchanges hits lowest levels in 3 years
Institutions are draining exchanges from Bitcoin supply, which means Bitcoin value will crash hard if the trend continues... People simplify and think scarcity will push the value upward, but markets don't
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mtl1979
LeoFinance
6y
RE: The GameStop Saga is pushing people to Bitcoin
Avalanche effect FTW...
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mtl1979
LeoFinance
6y
RE: India wants to Ban Crypto? Yea, that's a big Nothing Burger...
You can't ban cryptocurrencies or anything that use more than one server... Even if you manage to filter cryptocurrency related traffic at ISP level, it still won't help much if the traffic gets encrypted
mtl1979
LeoFinance
6y
RE: Even if Bitcoin were to drop to $20k, selling at $31k may not be the right move...
There is no signal currently that Bitcoin would dip to $20k or below... It might go lower than what it is now, but not that low unless something big happens in USA...
mtl1979
LeoFinance
6y
RE: Ethereum starting to see a supply crunch on Exchanges, something that may benefit LEO as well
Like I said before, moving too many coins to own wallet drops the value of the coin, so most smarter people won't do it unless they have enough to be able to stake when the PoS switch happens. It makes
mtl1979
LeoFinance
6y
RE: Ethereum starting to see a supply crunch on Exchanges, something that may benefit LEO as well
Last time I checked, withdrawal fee for BAT rewards was still 30 BAT... People who are fed up with Ethereum are cursing how Tron doesn't implement all the features that Ethereum has, due to Tron being
mtl1979
LeoFinance
6y
RE: Ethereum starting to see a supply crunch on Exchanges, something that may benefit LEO as well
I still remember few years ago when both Bitcoin and Ethereum networks were really congested, Ethereum did go up to 0.8 BTC... That means it can go a lot higher than $2k.
mtl1979
LeoFinance
6y
RE: Ethereum starting to see a supply crunch on Exchanges, something that may benefit LEO as well
Last time I tried simple transfer of ETH (wallet to wallet) required 1.75 EUR (2.12 USD) worth of gas... With cheaper coins, the amount is closer to 0.04 EUR.
mtl1979
LeoFinance
6y
RE: Ethereum starting to see a supply crunch on Exchanges, something that may benefit LEO as well
All the Ethereum is flowing in to decentralized exchanges and liquidity pools... 2020 was big step for decentralized exchanges and wrapped tokens, and I'm confident the trend is going to continue as a
mtl1979
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
Yeah... But I also went from having less than 1 USD worth of crypto to having about 80 USD worth of crypto in just three days due to perfect timing... It was back when Bitcoin network was seriously congested
mtl1979
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
I have been saying for last 6 months or so that Bitcoin will go much higher but then it will dip hard until going back higher again... There is always people who hunt for quick profits and don't want to
mtl1979
LeoFinance
6y
RE: Over time, Bitcoin just goes up which makes trying to trade it very risky
That's why I used to trade mostly Ethereum, because it was more predictable... Now I mostly trade Dogecoin, because people dump it like no tomorrow to buy random altcoins, so it's very easy to get big
mtl1979
LeoFinance
6y
RE: The real fun hasn't even started yet
Starting is not enough, they have been low since late 2000s and negative for last 5 years or so... That pretty much means for over 10 years the interest rates have been unfavorable... That is hardly
mtl1979
LeoFinance
6y
RE: The real fun hasn't even started yet
Does collapse of global banking system count as black swan event... Because that is what is going to happen sooner than later unless interest rates start going up a lot...
mtl1979
LeoFinance
6y
RE: Not many other "Bubbles" have survived 3 draw-downs of 80% or more in less than a 10 year stretch...
It's the Lemmings theory... As long as Bitcoin doesn't end in a disaster, it's a good thing... Everyone follows the first no matter where the road leads...
mtl1979
LeoFinance
6y
RE: Some people are worried about Coinbase going Public, I'm not one of them...
There is already South American exchange that sells their own "shares" as ERC20 token... Basically with each token you get certain percentage of the monthly profits.
mtl1979
LeoFinance
6y
RE: Some people are worried about Coinbase going Public, I'm not one of them...
Cryptocurrency industry will always be profitable as long as there is mining/transaction, deposit/withdraw and trading fees... Even if the fees are small, the cumulative amount might well be enough to
mtl1979
LeoFinance
6y
RE: Some people are worried about Coinbase going Public, I'm not one of them...
Each of the earn links only work for first few users, after that, people should post their own links for other people to be able to earn more... All users must have verified accounts, but the verification
mtl1979
LeoFinance
6y
RE: Some people are worried about Coinbase going Public, I'm not one of them...
What everyone actually is waiting for is Coinbase (the company) trading their own stock as wrapped token on Coinbase (the exchange), Coinbase Pro and other exchanges... That way it doesn't hurt the
mtl1979
LeoFinance
6y
RE: Curious why the big drop in Bitcoin today? You can thank the dollar...
Coinbase still says transfers can take up to 3 days, but usually it is matter of minutes, even outside banking hours. I'm using simple wire transfer as the fees with credit card are higher... For wire
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