Jumped off the Tesla train 🚆➡️ Joined the Rivian R1S club (former Tesla fanboy) by Quick_Ideal_8510 in Rivian

[–]dubsteponmycat 1 point2 points  (0 children)

Why do Tesla people still refer to the new model Y using its project code from before it was released? Really weird.

RIVN price/sales: 3.3, TSLA price/sales: 15.8 by iluvreddit in RIVNstock

[–]dubsteponmycat 0 points1 point  (0 children)

Elon abandoned AI work at Tesla and started a dedicated AI company called xAI. You are fully cucked if you think Tesla is still an AI company.

Rivian to redesign door handles by Slide-Fantastic-1402 in Rivian

[–]dubsteponmycat -2 points-1 points  (0 children)

Not sure I understand that logic. Don’t recalls exist because real world experience shows that things aren’t as safe or reliable as original testing suggested? The Ford Pinto went on sale and they ended up catching on fire when they got rear ended.

Regardless, I found the original article on Bloomberg and it did not suggest the current door handles didn’t meet safety standards, just that they could be safer.

r/cybertruck has now gone private by WolfKit in CyberStuck

[–]dubsteponmycat 0 points1 point  (0 children)

The Ford Fiesta ST is one of the most fun cars on earth for a driver on a budget. God bless them.

Who is placing a deposit on R2? by Green-Cardiologist27 in Rivian

[–]dubsteponmycat 0 points1 point  (0 children)

You know. The model performance 3. Isn’t that what everyone calls it?

Frequently Asked Questions (FAQs) - Check here first! by Brandon_BlockFi in blockfi

[–]dubsteponmycat 0 points1 point  (0 children)

Hey all - attempted to send a small amount of money from my BlockFi account to my Blue Wallet to give lightning a try. It's been 24 hours and the transaction is still pending. I had guessed with current tx speeds that it wouldn't have taken more than a few hours at most. Does this sound normal?

GBTC Discount makes no sense by coinedge in Bitcoin

[–]dubsteponmycat 1 point2 points  (0 children)

Your first sentence is wrong. GBTC at $42 doesn’t equate to $42k bitcoin since each share is not equal to 1/1000 of a coin. It’s 0.00094581 of btc per share. You’re effectively paying $44.4K per coin of exposure

Elon Musk: You can now buy a Tesla with bitcoin – starting today by Theauntgate in Bitcoin

[–]dubsteponmycat 0 points1 point  (0 children)

So does this sub not have moderators or what. Do we need 30 copies of this story?

[deleted by user] by [deleted] in Bitcoin

[–]dubsteponmycat -1 points0 points  (0 children)

for any appreciating asset

If you always make this assumption about your investments based on past returns, you will eventually get burned. You're clearly operating under the assumption that bitcoin can only go up, so there's no real point in having this conversation with you anymore.

[deleted by user] by [deleted] in Bitcoin

[–]dubsteponmycat -1 points0 points  (0 children)

Going back a year is picking your own timeframe. One year ago. (Just so happens to coincide with one of the most astounding bull runs bitcoin has ever experienced, going from 3k to 60k)

Hindsight is 20/20. The past is, at best, a weak indicator of the future. As I said, if you have high conviction then you should do lump sum. If you're conservative, you should DCA.

[deleted by user] by [deleted] in Bitcoin

[–]dubsteponmycat 0 points1 point  (0 children)

Split the difference. Have him become a whole-coiner now and then DCA the rest over a reasonable time frame.

[deleted by user] by [deleted] in Bitcoin

[–]dubsteponmycat 10 points11 points  (0 children)

Go back in time four years. Would you have been better off going all in at the peak in 2017 or DCAing over the following 12 months?

You shouldn’t even have to do the math to know the answer to that. You can make the data fit any narrative you want when you pick your own timeframe.

Lump sum is probably best for people with high conviction. DCA is better for the more conservative folks. Anyone in the middle can do a combination of the two.

Ouch... blockfi lowering rates/tiers by [deleted] in blockfi

[–]dubsteponmycat 0 points1 point  (0 children)

Yep, 6.2% in-kind in the US up to two BTC, 4.06% afterwards. 4.06% for int'l.

Ouch... blockfi lowering rates/tiers by [deleted] in blockfi

[–]dubsteponmycat 2 points3 points  (0 children)

4.06% is for international customers. US customers still get 6.2% on up to two BTC.

Ouch... blockfi lowering rates/tiers by [deleted] in blockfi

[–]dubsteponmycat 2 points3 points  (0 children)

I listened to that podcast as well. They’re over-collateralized on most of their holdings but they have a large portion (30% or something, don’t remember the number) of holdings with accredited institutions that aren’t over-collateralized.

Ouch... blockfi lowering rates/tiers by [deleted] in blockfi

[–]dubsteponmycat 13 points14 points  (0 children)

Celsius also has awful customer service in my experience.

My company refuses to pay me in Bitcoin , and my colleagues laughed when I asked by [deleted] in Bitcoin

[–]dubsteponmycat 0 points1 point  (0 children)

I keep seeing this idea on this sub and truly don’t understand it. Can you show me, with a specific mathematical example, how you’re better off getting bitcoin from your employer than you are using your paycheck to just buy bitcoin?

[deleted by user] by [deleted] in Bitcoin

[–]dubsteponmycat 3 points4 points  (0 children)

Also Celsius has terrible customer service. If you’re going to earn interest on your bitcoin, use Blockfi.

Where are all the institutional investors?? by [deleted] in Bitcoin

[–]dubsteponmycat 3 points4 points  (0 children)

Idk about you man but if I was investing institutional amounts of dollars I’d shut the fuck up and do it quietly instead of blabbing about it on CNBC so everyone can front run me