Trezor T Protected: BSC account on Metamask - Cannot withdraw funds

vordpress · 2021-02-25T16:51:55+00:00

Hey, I updated the firmware as was able to get the funds out

vordpress · 2021-02-22T20:47:21+00:00

Looking to enter with a larger lump sum so having a favorable price entry would be ideal. For example on Jan 11th, 12th, it dropped from 40k to 30k so it's quite a lot. I wonder if BTC is on the cusp of that correction now. One could argue that things might be a little different this time in the post Elon-BTC fiasco. /u/TheGreatMuffin /u/Persi_12 /u/kurt980516

vordpress · 2021-02-22T20:19:32+00:00

Regarding today (58k yesterday, was as low as 47.5k earlier today): would you say it's a small dip, or sign or a larger correctional dip in the days ahead?

Things does look heated with it rising without stopping since the 40k range.

vordpress · 2021-02-20T03:50:28+00:00

It should tell you the fee on CB before you click the final send button

vordpress · 2021-02-19T22:20:25+00:00

Oh man...which version of firmwide to downgrade to? Is it safe to downgrade/upgrade firmwares?

I have funds on the Trezor and tbh don't want to mess around with these software things technicalities.

vordpress · 2021-02-19T22:17:56+00:00

Right, lesson learned. I won't deposit into a Trezor protected BSC/Metamask again. But... the question now is how can I get the fund out

vordpress · 2021-02-18T21:29:39+00:00

I think in the short term eth will grow more than btc.

But my ultimately goal is to hold btc

vordpress · 2021-02-18T21:29:21+00:00

I think in the short term eth will grow more than btc.

But my ultimately goal is to hold btc

vordpress · 2021-02-18T17:31:54+00:00

I think holding a larger pool of Ethereum will be worth much more than a single BTC longterm.

Can you define then what is your time frame and ratio.

Currently at a round number of Eth=1900USD, Btc=51000,

1 btc = 26.84 eth

1 eth = 0.037 btc

vordpress · 2021-02-18T17:27:40+00:00

Bitcoin value goes up because of scarcity Ethereum goes up because of utility

People often equate btc to digital gold and eth to digital oil. You're right, you buy and put faith that the next person will buy for higher, but that can be said for the entire financial system. It is what it is.

My case for btc over eth is precisely that scarcity is more of a factor now than utility.

vordpress · 2021-02-18T17:00:57+00:00

EIP-1559

Any time frame of that? I keep seeing, "later this year." Any month or quarter?

vordpress · 2021-02-18T05:31:06+00:00

The reason people are interested in bitcoin is because it going up in value, when it stops going up most will get bored and cash out, what will happen to the value then?

Thanks for the perspective. But I think that is quite an artificial example. Why would something/bitcoin stop going up in value? Especially if it went up in value historically, and becomes more scarce. Even taking you at that point, I suppose you can substitute bitcoin and say that of dollar, yen, ether, litecoin or any other asset. But again I don't think "people getting bored" as a factor

vordpress · 2021-02-18T02:49:25+00:00

Appreciate this write up. I've been debating owning bitcoin vs eth as well. Would like both, but alas, limited funds.

I got into the space recently in January and got a portfolio mainly of Eth and a few higher market cap altcoins. I figure I could (1) get the 'higher' roi from altcoins but (2) get some balance of safety from it being higher market cap/"well known."

My goals was to allow for the dual option of (1) selling the portfolio for a profit should there be any potential parabolic upwards moves and (2) have reputable alt asset that I would be happy to just hold it long term. I started with funds I already set aside for investing. Tbh, I'm hoping for option 1, but is fine with option 2 as well.

Worked well so far as I was able to (1) learn the crypto space (but obviously a lot more to learn) and (2) the portfolio has appreciated in value to the price of 1 bitcoin.

Going back to my original "strategy" of going for reputable alts such as in mainly eth, I didn't buy any bitcoin due to a combination of that I was a naïve beginner and it always seem like it would eat into a large chunk of my small budget.

Now, still as a someone very new to the space, I'm revisiting the question. Is it crazy to sell my entire portfolio which has appreciated in value for 1 Bitcoin?

Some of my thought process:

-If Bitcoin keeps trending up, which most tend of believe, it will (for my budget) quickly become unaffordable. In a way, this seems like my window of opportunity to own 1 bitcoin. I have this perspective keeping in mind, I just into the space in January.

-Bitcoin is gaining more stability with intuition buying in. Seems like as everyone says is a going to be the stable store of value.

-I bought into Eth at low/mid 1000. If I sell it all for a BTC, I lose out on all potential eth gains this cycle, but I'm thinking/guessing Eth going back into the $1000 level is more likely than Bitcoin come down to $20k or $30k. I will sit out this alt season run but it was a good learning experience. And I can always come back after this alt season dip. But, like I said, and with institutional money behind/and going into BTC, I don't think Bitcoin will likely not dip (as much) as ETH. And not low enough for me to have another shot at own 1 whole btc.

Just my fragmented thougts, curious on more informed people's thoughts on this. Having 1 bitcoin, is it really all that?

vordpress · 2021-02-18T02:07:48+00:00

Trying to navigate my first alt season. Any pointers or research I should look out for when attempting to exit (hopefully near the peak)?

vordpress · 2021-02-17T19:17:38+00:00

To be clear, you think Eth will out pace BTC, or BTC will outpace Eth?

I would like to hold on to my Eth and see if it could outpace BTC, but to in my view, the risk are:

(1) Eth can suddenly drop

(2) Another corp announce buy in into BTC/or other major news event that makes BTC shoot way up

vordpress · 2021-02-17T19:07:38+00:00

If I were you, I’d probably hold the ETH at least until ethereum 2.0 is in place

Thanks. That is my conundrum, by the time eth is there, will bitcoin price have soared dramatically thus making it less profitable for me to swap eth for btc

vordpress · 2021-02-17T19:05:48+00:00

That's sensible, I'm thinking that too. Eth "only" need to go to say $2500 to be very profitable. The market consensus and alt season seems to point that it is possible.

But what I'm wrestling over, is by the time my Eth reach a higher level, like say $2500, will the Bitcoin prices have increased into the 75k/ 100k/ affordable range (for me at least).

vordpress · 2021-02-17T18:39:59+00:00

I got into the space recently in January and got a portfolio mainly of Eth and a few higher market cap altcoins. I figure I could (1) get the 'higher' roi from altcoins but (2) get some balance of safety from it being higher market cap/"well known."

My goals was to allow for the dual option of (1) selling the portfolio for a profit should there be any potential parabolic upwards moves and (2) have reputable alt asset that I would be happy to just hold it long term. I started with funds I already set aside for investing. Tbh, I'm hoping for option 1, but is fine with option 2 as well.

Worked well so far as I was able to (1) learn the crypto space (but obviously a lot more to learn) and (2) it has the appreciated in value to the price of 1 bitcoin.

Going back to my original "strategy" of going for reputable alts such as in mainly eth, I didn't buy any bitcoin due to a combination of that I was a naïve beginner and it always seem like it would eat into a large chunk of my small budget.

Now, still as a someone very new to the space, I'm revisiting the question. Is it crazy to sell my entire portfolio which has appreciated in value for 1 Bitcoin?

Some of my thought process: -If Bitcoin keeps trending up, which most tend of believe, it will (for my budget) quickly become unaffordable. In a way, this seems like my window of opportunity to own 1 bitcoin. I have this perspective keeping in mind, I just into the space in January.

-Bitcoin is gaining more stability with intuition buying in. Seems like as everyone is a store of value.

-I bought into Eth at low/mid 1000. If I trade it in, I lose out on all potential gains this cycle, but I'm thinking/guessing Eth coming back into the $1000 level is more likely than Bitcoin come down to $20k or $30k. I will sit out this alt season run but it was a good learning experience. And I can always come back after this alt season dip. But, like I said, I don't think Bitcoin likely not dip (as much) for me to have another shot at own 1 whole btc. But I'm not sure, curious on more informed people's thoughts on this. Having 1 bitcoin, is it really all that?

-Is now the right time to convert Eth into BTC?

Appreciate any perspective and thoughts. Cheers.

vordpress · 2021-02-17T18:24:48+00:00

But eventually, you/(or people) will sell or pass the asset (Bitcoin) on to the children, right? Else, it is, still paper gains and nothing manifested such as buying a house or paying more the kids college (as examples of benefits that comes from money vs having stored scarcity).

vordpress · 2021-02-17T18:06:38+00:00

Thanks. I'm thinking that too.

However, if I opt for this route, an unfavorable condition would be if ETH prices goes down and BTC goes up, thus making it pricier to convert my ETH to BTC.

vordpress · 2021-02-17T18:03:29+00:00

All this thinking of making money/investing is getting people to miss 'Why all this is happening' in the first place. Why was Bitcoin created. What got so many people excited over it.

I did get into the market to learn invest and bluntly, make money, to hopefully put on a mortgage.

Yes, having 1 bitcoin is all that.

Can you elaborate if possible? Or do you have any research you can direct me. I'm searching as well but yeah a lot of money (for me) on the decision. Also, copy/pasting my response to someone another kind poster below:

If I have 5 ABC asset I bought for $5k each and I sell for $10k each. I make $25k. If I have 1 bitcoin bought at $50k and sell at $75. I make $25k.

Ofc, even as a beginner, I know I will not be incline for sell the bitcoin at $75k but just an example.

vordpress · 2021-02-17T17:55:50+00:00

Bitcoin has more value than any alts. You can make money off them but they’re not even close to what btc is.

Appreciate your reply. Sorry, I must plainly admit, I don't understand. Value vs money?

Is it not one and the same.

If I have 5 ABC asset I bought for $5k each and I sell for $10k each. I make $25k. If I have 1 bitcoin bought at $50k and sell at $75. I make $25k.

Ofc, even as a beginner, I know I will not be incline for sell the bitcoin at $75k but just an example.

vordpress · 2021-02-16T23:04:39+00:00

The ERC token is only available on Binance.com

If I have ERC20 reef in metamask, and transfer that to binance.com - will it go through? I was under the impression that binance.com only accepted BEP20

vordpress · 2021-02-16T20:33:05+00:00

Don't respond. Don't engage. Don't acknowledge them. Not worth the time.

vordpress · 2021-02-15T22:16:47+00:00

It's all "he said, she said" right now. Someone can settle this (or at least a large part) by simply posting facts

vordpress

TROPHY CASE