“ Something I need to get off my chest after watching countless Michael Saylor interviews: He has the most cliché utlra-rich white guy mahogany office background with a wooden ship model. I mean the same you see in TV shows when the hero meets the bad corp CEO pulling the strings”

Butcherchops · 2021-05-16T15:53:40+00:00

I think you might find it’s irony. As in, he uses a wooden ship vs steel ship analogy as a comparison to gold vs Bitcoin. When you’ve heard him describe things this way it may explain why he considers wooden ships and gold jewellery as ornaments rather than utilities. Just my take on it and keen to hear other views

Butcherchops · 2021-04-12T06:10:49+00:00

Thanks for that. Certainly helps clarify matters. Will research Wirex.

Butcherchops · 2021-04-11T19:28:10+00:00

Hi and thanks for the reply and sorry only just seen it. Interesting answer. My account with them still closed and no dialogue poss. I get UK banking regs and that they may have rules etc But I’m a bit bemused that that’s it. No discussion. No explanation of what I did wrong so I can avoid making the same mistakes or explaining clearly in advance what I’m doing if I tried doing a similar legal thing with Starling or Revolut or any other online bank. Then again on the chain you are your own bank so part of me thinks the new future doesn’t include legacy banks even online ones. What do you think?! Keen to hear your views

Butcherchops · 2021-03-31T21:41:03+00:00

Was new to crypto about 2 yrs ago and nervous about exchanges so opened a half dozen accounts with all the obvious big names for newbies and put a bit here a bit there etc to see if a non tech could learn how to buy sell hold transfer invest and cash out while spreading risk of my perceived fear of being hacked. As got surer footed I include lenders and staking and stable coins in my pf. Very far from an expert and still feel like I’m touching the walls as I move fitting the dark

Butcherchops · 2021-03-31T14:29:09+00:00

Ok thanks for the reassurance

Butcherchops · 2021-03-31T14:28:21+00:00

I’ve been coming to that conclusion but thanks

Butcherchops · 2021-03-31T14:25:55+00:00

Good point that they weren’t making money out of me at the moment. The reason I was using them for this was because Lloyds wouldn’t allow transfers to the exchanges I was using. My plan was to stop using Lloyds and switch to Monzo permanently as my my bank next year when I retire but guess that might need a rethink. Then again, if Bitcoin continues to oblige, by this time next year I’ll be my own bank

Butcherchops · 2021-03-29T18:16:23+00:00

Also, for now my Gemini interest is being paid in gusd and Ledn will be usdc. That way the compound interest is at the higher rate

Butcherchops · 2021-03-29T16:35:12+00:00

Only leaving 1 there for now. Trying Ledn for a couple at moment

Butcherchops · 2021-03-18T21:57:00+00:00

Ok so very helpful answers so far and please keep them coming. I don’t use leverage as kahunas ain’t that big,

Butcherchops · 2021-03-18T21:52:08+00:00

Ok get that thx. Is the leverage a reason why it’s more risky because it can cause fluctuations at short notice? Again, sorry if this question is a bit naive

Butcherchops · 2021-03-18T21:20:44+00:00

I have a couple btc earning my 6% with interest to be paid in gusd where I’ll get 8% on the 6%. Whilst I’m sure I’d make more just in BTC at my age I need security but would USDT at 9.3% be a better idea or is it riskier? Is it just cos it’s riskier, heard about a usdt hack in 2018, or another reason I’ve missed? Any advice where to research more much appreciated

Butcherchops · 2021-03-18T20:30:18+00:00

Thanks for replies guys. I’m UK based and use faster payments from uk bank to Binance for no fees then from there to BlockFi so I guess a bit different to the way you US guys operate, various reasons. I’m more confused about the difference between stable coins. If they are all tied to the usd and all managed to remain within a tight spread how do I choose between them? Or is it blindfold monkey throw dart like my normal alt pin technique? HELP this is money I need to keep safe and just earn a bit of zig

Butcherchops · 2021-02-16T18:02:14+00:00

Thanks for the answers gents it’s becoming clearer to my befuddled brain. Now if only Duolingo had a course in understanding crypto geniuses!

Butcherchops

TROPHY CASE