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07-12-2021 , 12:03 AM
Anyone hear any info on Apple and an announcement for tomorrow concerning BTC?
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07-12-2021 , 08:22 AM
Quote:
Originally Posted by MSchu18
Anyone hear any info on Apple and an announcement for tomorrow concerning BTC?
98% sure that's CT just spreading hopium and fake rumors
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07-12-2021 , 10:15 AM
Can anyone help? Trying to get my GBP off binance but no way to withdraw, it’ll not allow card transfers..
thanks
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07-12-2021 , 11:34 AM
Quote:
Originally Posted by johnnyBuz
Probably not but they have the treasury capacity to do it. It would only be for 1-year increments so if the salary is $150k they would initially purchase 5 BTC (at $30k BTC) and then release it to me in 26 biweekly payments of 0.192 BTC.

At the end of the first year I’d have to decide whether to lock in the next year at the prevailing exchange rate, take a smaller portion in BTC and the rest in fiat/stablecoins or all fiat/stable. It’s most relevant for the next 12 months since I see BTC being significantly higher than today’s price.

I absorb all the volatility risk. They just need the capital on hand to set aside a year’s worth of salary.
So if BTC goes to 10k you can just quit? Huge freeroll for you imho.
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07-12-2021 , 12:13 PM
Anyone have the blockfi credit card yet?
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07-12-2021 , 01:25 PM
Quote:
Originally Posted by rafiki
Anyone have the blockfi credit card yet?

I have not but you check to see where you are on the waitlist from the email they sent when you signed up. I started out ~300k on the waitlist and now I’m 12,000th. Looking forward to getting that one.
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07-12-2021 , 05:20 PM
Quote:
Originally Posted by danielesp
So if BTC goes to 10k you can just quit? Huge freeroll for you imho.
Or you could just suck it up and not burn all your bridges in a small ecosystem. Bitcoin has never retraced to a previous ATH, let alone another -50% drop from there, so this hypothetical is highly unlikely.
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07-12-2021 , 05:48 PM
In 2015 it retracted below the previous ATH, no? April 2013 ~$260, January 2015 ~$150. And past performance is no guarantee of future performance . Good luck with all aspects of this either way! What kind of position is it?
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07-12-2021 , 07:54 PM
While it does open up the opportunity for a freeroll, actually acting on that freeroll (if the situation even arises) seems incredibly short sighted.
Bitcoins - digital currency Quote
07-12-2021 , 08:03 PM
Quote:
Originally Posted by johnnyBuz
Or you could just suck it up and not burn all your bridges in a small ecosystem. Bitcoin has never retraced to a previous ATH, let alone another -50% drop from there, so this hypothetical is highly unlikely.
Yeah I get it. Seems like the company has to trust you a lot (which is weird because I assume they dont know you). Anyway GL!
Bitcoins - digital currency Quote
07-12-2021 , 08:19 PM
Quote:
Originally Posted by Mat Cauthon
In 2015 it retracted below the previous ATH, no? April 2013 ~$260, January 2015 ~$150. And past performance is no guarantee of future performance . Good luck with all aspects of this either way! What kind of position is it?
Previous cycle ATH * but yes, technically the capitulation bottom of Jan. 2015 slightly exceeded the mid-cycle blow off top of April 2013.

Most people rightfully categorize it:

Cycle 1: 2011
Cycle 2: 2013
Cycle 3: 2017
Cycle 4: 2021

The position is protocol research similar to an equity research gig with a coverage group. Lotta smart people/alpha under one roof.

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07-12-2021 , 09:33 PM
Quote:
Originally Posted by johnnyBuz
Or you could just suck it up and not burn all your bridges in a small ecosystem. Bitcoin has never retraced to a previous ATH, let alone another -50% drop from there, so this hypothetical is highly unlikely.
Another 50% drop from here is more likely then some company agreeing to your asinine requests of payment.
Bitcoins - digital currency Quote
07-12-2021 , 09:40 PM
Quote:
Originally Posted by johnnyBuz
...Lotta smart people/alpha under one roof...
Those guys love locking up capital and getting free rolled.
Bitcoins - digital currency Quote
07-12-2021 , 09:48 PM
So do you guys prefer a Trezor wallet (or holding in hardware) vrs holding in a robinhood/coinbase/blockchain account? Or is best thing something else?
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07-12-2021 , 09:56 PM
Quote:
Originally Posted by formula72
So do you guys prefer a Trezor wallet (or holding in hardware) vrs holding in a robinhood/coinbase/blockchain account? Or is best thing something else?
Yes get a hardware wallet. But figure out how to properly secure it before using it.
Bitcoins - digital currency Quote
07-12-2021 , 11:55 PM
Quote:
Originally Posted by de captain
Those guys love locking up capital and getting free rolled.
It's not difficult to insert a clawback clause into an employment contract.

Who's getting freerolled if I agree to accept 0.80(BTC) or 1.0(fiat)?

Quote:
Originally Posted by onemoretimes
Another 50% drop from here is more likely then some company agreeing to your asinine requests of payment.
If only there were an industry on the cutting edge of technology that hold substantial alternative assets in their reserves and could afford creative pay structures as a way to attract talent.

10k is a -70% drop from here but maff iz hard
Bitcoins - digital currency Quote
07-13-2021 , 12:06 AM
Quote:
Originally Posted by johnnyBuz
It's not difficult to insert a clawback clause into an employment contract.
I hope you explained this to them in your interview. I bet they loved that.
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07-13-2021 , 10:43 AM
Quote:
Originally Posted by arcdog
That is not what caused the 2008 crisis despite what your conservative friends’ Facebook page told you.
I've never read anyone on facebook make a claim on who should be to blame for 2008 as I hardly ever get on facebook except to thank people for wishing me a happy birthday.

Quote:
Originally Posted by chytry
The Lie That Won't Die: 'Poor Borrowers Caused The Financial Crisis'

bahbahmickey, you too can stop justifying past bigotry with more bigotry.
Where did I blame poor people or a particular race for 2008?
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07-13-2021 , 03:18 PM
Quote:
Originally Posted by johnnyBuz
Probably not but they have the treasury capacity to do it. It would only be for 1-year increments so if the salary is $150k they would initially purchase 5 BTC (at $30k BTC) and then release it to me in 26 biweekly payments of 0.192 BTC.

At the end of the first year I’d have to decide whether to lock in the next year at the prevailing exchange rate, take a smaller portion in BTC and the rest in fiat/stablecoins or all fiat/stable. It’s most relevant for the next 12 months since I see BTC being significantly higher than today’s price.

I absorb all the volatility risk. They just need the capital on hand to set aside a year’s worth of salary.
Quote:
Originally Posted by Bluegrassplayer
"Double your salary with this one weird trick!"

I hope they go for it and it works out well. Best of luck to you too kekeeke.
This does not seem wise from the perspective of the company as it is a massive freeroll, however companies do lots of incentive structures that can lock in employees.

I'm on a somewhat similar plan, although at a smaller scale (80% cash, 20% BTC, but 2 year increments). It worked out really well 2019-2021, and round 2 has been fairly neutral. I do get the option to cancel and go back to cash but I can't go back to Bitcoin.

I got locked in pretty hard until end of 2021, some serious orange handcuffs when the price goes up 20x on 20% of your salary.

The 20% max is more to prevent people from getting rekt and avoid a complete freeroll. If the price of BTC goes down 20% from my price, it's not worth the risk to cancel the program, however, if it went down 50% and stayed there, I'd be more willing to jump ship or cancel.

For new employees, seems like having some sort of vest cliff would be smart as well. The other risk is the employer is going to always be weighing if firing you and keeping the BTC is worth it.
Bitcoins - digital currency Quote
07-13-2021 , 05:02 PM
Quote:
Originally Posted by The Apex
I have not but you check to see where you are on the waitlist from the email they sent when you signed up. I started out ~300k on the waitlist and now I’m 12,000th. Looking forward to getting that one.

Just got invite from blockfi to fill out application and got approved, shipping it out to me now.
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07-14-2021 , 12:00 AM
Pretty funny Michael Saylor vid

https://youtu.be/SCsIqp0QM4s
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07-15-2021 , 04:15 AM
I mean we'll definitely have a digital currency that is "fiat" eventually right?
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07-15-2021 , 04:49 AM
Quote:
Originally Posted by Brokenstars
I mean we'll definitely have a digital currency that is "fiat" eventually right?
*currencies

Many BTC bulls still don't understand that a random asset that doesn't produce income cannot become a widely accepted currency and still keep rapidly rising in value to make them rich.
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07-15-2021 , 08:02 AM
Quote:
Originally Posted by chytry
*currencies

Many BTC bulls still don't understand that a random asset that doesn't produce income cannot become a widely accepted currency and still keep rapidly rising in value to make them rich.
Isn't that exactly what bitcoin is doing though? You think it's going to happen over night? It's only been 10 years. Give it another 10.
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07-15-2021 , 09:06 AM
To be fair, I don't think anyone is looking for it to rapidly rise in value anymore if it were to become a widely accepted currency. It would presumably have rapidly risen already by then.

Moreover, how many people here invest in it because they believe it will be the currency of the future? I don't think there's many.
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