I would definitely take a jumbo sized loan at the 3 to 5% if I could deposit it somewhere for a safe 10% return. I would take the biggest loan somebody would give me and do that, if it was actually possible to find a safe 10% return that wasn’t capped.
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I mean, sure, so I would I. I used to app-o-Rama zero interest credit cards to stick the money in cd’s for a year. The bolded word though is the key difference with what this guy did.
Yeah, your reply was weird to me though because it was focused on the 7 percent gain and not the fact that it was not a safe investment.
I meant that he took on ridiculous risk for a miserly 7 percent return.
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Is doing index funds the red line for being a vichy leftist? What if I draw a salary from a corporation and shop at Costco?
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Off to the Guillotines for you!
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Equating investing in businesses to nazi collaboration is fucking stupid.
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You need to pay penance and purchase 1 BTC, 2 ETH, and a wheelbarrow full of SOL.
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The notion that one has no responsibility for the actions of a business that they own part of is absurd.
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No one says anything like this. You’re simply not a nazi for investing in apple or something. This is controversial to you?
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This is apparently a real thing (Kucoin - no idea if it’s actually insolvent).
https://twitter.com/otteroooo/status/1550713709554651139?s=21&t=EmRmM7nui4wetJbvcNr6Hw
I think those rumors have been around for a month or so. At this point it’s hard to tell if it’s real or if it’s a manipulation attempt. Kucoin going down wouldn’t make a lot of sense to me. They have been a high volume exchange since before the last crash in 2018. They are a pure exchange and aren’t doing a bunch of shady ponzi shit offering huge returns to stake shitcoins. They are just a place to buy and sell coins (with leverage if you want) that is probably in the top 5 in volume. They would have had to mismanage the business horribly to be insolvent. It’s certainly possible but I would be very skeptical. It would be the biggest exchange bust ever by a factor of 10 probably.
ETA-It looks like Motley Fool which doesn’t exactly break news was reporting on the rumor on July 5th.
Well, apparently 8 percent of the time Kucoin is, in fact, just fine.
You know it’s real because well known twitter personality otterooo made the post in all caps.
Vichy leftists?
.01% of bitcoin holders own 27% of the entire circulation. That’s 100x more wealth concentration than corporate america.
Those .01% ain’t sharing a damn dime with anyone.
The wealthiest whales just set up privatized corporate exchanges to make even more money.
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those numbers are skewed by the fake news to slander the true bitcoiners. satoshi has like a million bitcoins or something but he gave it all up to make the community stronger. not a fraction of one of his coins has moved in over a decade since he vanished. he’s literally jesus christ in that respect and also in the sense that if he ever does somehow come back it’ll be the end of the world
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I agree with satoshi having good intentions that wasnt wealth based.
CZ, bankman, winklevoss twins, coinbase ceo with 100M house? They run crypto now.
they run crypto-adjacent companies. which are evil. they’re as evil as any of the investment banks, they’re just using crypto as a brand to sell sketchy financial services. sending your money to a website and playing with numbers on that website is not crypto. uniswap.org is much further toward the “good guys” end of the spectrum of crypto finance, and that’s what i think the future of this space will be.
the crypto-adjacent companies are only good in the sense that it gives people a chance to onboard onto “real” crypto. and that’s how you should treat them. treat them like a casino and walk right past the slot machines and the pit, don’t even think about putting your money there, just walk straight to the poker room.
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Well my craptos are off CrapBase. Now I just need to avoid getting hacked or scammed until I can figure out how to move them to a cold storage wallet.
I ended up needing two different hot wallets because the wallet I used for ETH, SOL, AVA wouldn’t let me put my BTC in there. Do I need two different cold wallets as well?
Ledger will do it all in one
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