Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Cryptotourist (1)
People seriously leave their BTC long term on a random centralized website where they dont control the private keys just to get a reported 4% interest?
You can get over 100% profits quite regularly just by HODLING.
You can get over 100% profits quite regularly just by HODLING.
Remember people leave their usd long term on random centralized websites and services where they don't control their funds, just to get a reported X% interest. It's apparently very common. Therefore, the idea that this (fiat-orientated) interest scheme is popular among (I'm assuming) fiat users is far from surprising, even if it's disappointing to see.
Fuck that!
Not your keys, not your BTC!
Not your keys, not your BTC!
The popularity of these schemes implies that new buyers are entering the market in my opinion, which is a good sign however. Kind of like the way BCC showed just how ripe the crypto market was in 2017 by (literally) consuming lots of new users into the market... They were also promising daily interest if I'm not mistaken.
I can't find the link..but back when I started in Bitcoin say around 2013 or 2014 it was a big deal to sell actual bitcoin coins with the private key on them. You would scratch off the covering to
get to the private keys like a lotto ticket and store them in stacks in that manner. The trouble was that someone in the process of making these kinda bitcoin coins at whatever factory or
the process must have researched Bitcoin and copied the keys on every coin sold, either before they were covered with the scratch-off stuff or maybe a file someplace. I can't find the link.
I think it was a couple of years later when the person actually flushed them all in the heist. Can you imagine thinking you had legit safe keys and then 'poof' it was gone?
Looks likely to me 'someone's' boring factory and assembly work paid off big time. Pretty sure they never caught the person but damned if I can find the link.
