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/biz/ - Business & Finance

File: 123 KB, 743x625, Screen Shot 2021-01-07 at 7.33.42 PM.png [View same] [iqdb] [saucenao] [google]

BlockfFi investors withdrawing from blockfi Anonymous Thu Jan 7 21:56:44 2021 No.25676289 [Reply] [Original]

is this bullish?

>>	Anonymous Thu Jan 7 21:57:40 2021 No.25676322 Blockfi is legit.

>>	Anonymous Thu Jan 7 21:58:43 2021 No.25676358 >>25676322 it must be, his fund (Morgan Creek Digital) is a major investor lol

>>	Anonymous Thu Jan 7 21:59:42 2021 No.25676400 File: 71 KB, 991x662, photo_2021-01-01_12-39-58.jpg [View same] [iqdb] [saucenao] [google] >risking your keys to earn interest lmao

>>	Anonymous Thu Jan 7 22:07:17 2021 No.25676672 >>25676400 I actually put crypto on blockfi for a few months. Was worried about a rugpull but did make some interest

>>	Anonymous Thu Jan 7 22:09:37 2021 No.25676772 >>25676358 >>25676672 They are gearing up to release a BTC credit card with visa this quarter. If they were gonna rugpull, they would have done it already. They also got through the March crash in 2020 without any issues.

Anonymous Thu Jan 7 22:11:48 2021 No.25676862
File: 917 KB, 1508x1500, 1609954396701.png [View same] [iqdb] [saucenao] [google]

>>25676672
perhaps blockfi is legit but giving your keys to someone else is still a huge risk. exchanges get hacked all the time and lose all their customer's money and then you're shit out of luck. or blockfi could go bankrupt and you'd be left holding the bag

With HEX you don't have to give your coins to anyone else to earn interest. Everything is on-chain and the contract code handles everything. HEX lets you earn without risk & gets rid of trust and gets rid of middlemen. You know, the whole point of crypto.

>>	Anonymous Thu Jan 7 22:13:29 2021 No.25676931 Had 3 btc with them for over a year. They pay interest every month like clockwork. If they were more mainstream with extensive liability insurance I'd deposit even more.

>>	Anonymous Thu Jan 7 22:14:41 2021 No.25676976 >>25676931 this

>>	Anonymous Thu Jan 7 22:30:40 2021 No.25677573 >>25676862 this is the way fren

>>	Anonymous Thu Jan 7 22:32:36 2021 No.25677657 not worth the risk for most counterparty risk too high crypto already has enough gains imagine if you have a make it stack of eth or link and u lost it due to this shit would be fucking suicide inducing

>>	Anonymous Thu Jan 7 22:32:49 2021 No.25677666 >>25676322 This. Nothing to worry about with BlockFi (other than the IRS knowing you hold crypto). The real scam is Celsius. Known to freeze funds and stiff you out of earned interest.

>>	Anonymous Thu Jan 7 22:51:45 2021 No.25678380 I did from celsius network

>>	Anonymous Thu Jan 7 22:55:40 2021 No.25678509 >>25676400 Is there any con to just using a different wallet with a smaller amount for blockfi, if your main non-blockfi wallet is a lot bigger.

>>	Anonymous Thu Jan 7 22:58:32 2021 No.25678606 >>25676862 LOL @ comparing one of the most legit companies in the space to a scam like hex

Anonymous Thu Jan 7 22:58:58 2021 No.25678615
File: 1.80 MB, 640x368, HEX to the moon.webm [View same] [iqdb] [saucenao] [google]

>>25678509
i guess the con would be you're earning less interest and you're still risking your coins.

why take the risk at all? I can earn interest on all of my HEX without having to give over my keys to a third party to lose

>>	Anonymous Thu Jan 7 22:59:46 2021 No.25678635 >>25676289 >taking investment advice from theo von

>>	Anonymous Thu Jan 7 23:14:37 2021 No.25679034 >>25678635 lol didn't know who that was. >>25676772 based >>25678615 rip Richard he was fun to follow pre HEX

>>	Anonymous Thu Jan 7 23:17:12 2021 No.25679106 >>25677657 what do you consider to be a "make it" stack?

>>	Anonymous Thu Jan 7 23:21:20 2021 No.25679225 >>25677666 is Blockfi disclosing customer detailed information just like cuckbase ?

>>	Anonymous Thu Jan 7 23:23:11 2021 No.25679277 >>25679225 all the centralized crypto exchanges/services based out of the US are. No one wants to be put out of business.

>>	Anonymous Thu Jan 7 23:23:12 2021 No.25679279 I have put a small portion of my btc and etherum in blockfi. Have had no issues yet.

>>	Anonymous Thu Jan 7 23:36:17 2021 No.25679662 Where does he say he’s withdrawing from blockfi?

>>	Anonymous Thu Jan 7 23:37:56 2021 No.25679723 File: 116 KB, 600x600, Richard Pump it final.webm [View same] [iqdb] [saucenao] [google] >>25679034 so mad gains aren't fun?

>>	Anonymous Thu Jan 7 23:41:52 2021 No.25679837 >>25676862 stopped reading at Hex

>>	Anonymous Thu Jan 7 23:45:06 2021 No.25679934 File: 79 KB, 533x500, jack sparrow hex meme.jpg [View same] [iqdb] [saucenao] [google] >>25679837 you'll come around eventually and when you do the gains will waiting

>>	Anonymous Fri Jan 8 00:09:50 2021 No.25680610 >>25679225 Yes. If you kyc’d and gave your SSN you’re fucked.

Anonymous Fri Jan 8 00:10:37 2021 No.25680631

>>25679934
Hex doesn't do anything. It's just game theory bullshit. In the end there will be winners and losers. Those who cashed out in time and those who didn't. You might make money, but the project is not a long term play.
>>25679279
It's worth keeping 2 bitcoin in there for the 6% interest. More than 2.5 they slash interest to 3% and it's not worth risking that much. I see the risk as negligible

>>	Anonymous Fri Jan 8 00:17:15 2021 No.25680830 I keep a couple BTC in both BlockFi and Celsius to capture the 6% interest. I'm not worried about a rugpull, they're both SEC registered.

>>	Anonymous Fri Jan 8 00:20:30 2021 No.25680908 How does BlockFi even make money? Also how long to withdraw your shit if you pass it to them?

>>	Anonymous Fri Jan 8 00:28:46 2021 No.25681116 >>25679723 lol fuck you yes i am jealous >>25679662 eh. he said "paid" interest. technically you are right.

>>	Anonymous Fri Jan 8 00:30:19 2021 No.25681155 >>25679934 okay this is funny.

>>	Anonymous Fri Jan 8 00:34:04 2021 No.25681263 >>25680908 it only took a couple of days for me to withdraw institutional lending from my understanding >>25676772 mentions a credit card so that will probably be another revenue stream

Anonymous Fri Jan 8 01:07:32 2021 No.25682107

>>25676289
I've had my BTC and ETH parked in there for a month or so and honestly getting another .01 BTC a month feels pretty worth it to me. Crypto libertarian FUD tards will hit you with the "not your keys not your coins" shit which I totally get and agree with to a point -- but at the end of the day it's a legitimate company with big backers that wants to stay in business and make customers happy. When BTC is worth 200k and I've got an extra .1 of it for fucking free I don't think I'll be tripping that hard that someone else technically has my keys.

>>	Anonymous Fri Jan 8 01:20:42 2021 No.25682453 >>25682107 did you KYC with them ?

>>	Anonymous Fri Jan 8 01:36:09 2021 No.25682798 >>25680908 Fees and collateral provided by people who borrow money.

>>	Anonymous Fri Jan 8 01:46:48 2021 No.25683018 So guys, my parents have some ETH on an exchange and they want me to somehow earn interest on it for them. Who would be the best/safest to go with? Crypto.com/ blockfi / celsius?

>>	Anonymous Fri Jan 8 02:00:07 2021 No.25683288 >>25683018 BlockFi

>>	Anonymous Fri Jan 8 02:02:53 2021 No.25683342 think there is any risk of them reporting to other nations tax services? Or am I in a sweet spot using them outside of the US?

>>	Anonymous Fri Jan 8 02:18:49 2021 No.25683719 >>25683288 Can't quite find it on the site, but is blockfi like soft staking? Meaning If i want to withdraw it at anytime I can?

>>	Anonymous Fri Jan 8 02:23:29 2021 No.25683831 >>25677666 what about nexo?

Anonymous Fri Jan 8 02:52:49 2021 No.25684498
File: 54 KB, 640x640, Trezor-model-t-photo-front.jpg [View same] [iqdb] [saucenao] [google]

>Giving your BTC to Crypto Lehman so they can loan it to highly leveraged hedge fund fratgoys
Imagine not wrapping your BTC and keeping it in a maker vault for Dai and then keeping your Dai in a yearn vault. You'd rather centralize decentralized money than tokenize a token. Amazing. Also Check'em.

>>	Anonymous Fri Jan 8 02:54:32 2021 No.25684540 >>25682107 >at the end of the day it's a legitimate company with big backers that wants to stay in business and make customers happy. What would win, 100 cope posts from you or three words, "Errr, sorry goy."

>>	Anonymous Fri Jan 8 02:57:21 2021 No.25684590 >>25684498 Isn’t someone holding your btc when you wrap it? Couldn’t they just exit scam with it?

Anonymous Fri Jan 8 03:02:01 2021 No.25684685

>>25680908
I deposited some eth and some Bitcoin for a couple months just to try it. I withdrew the Bitcoin last month and it took about 3 days. I started a withdrawal for my eth 4 days ago and it’s still “pending”.

Definitely not going to put any more in after I get my eth out.

>>	Anonymous Fri Jan 8 03:03:04 2021 No.25684712 >>25676862 >hex kys scammers

Anonymous Fri Jan 8 03:04:38 2021 No.25684742

>>25684685
Also require more KYC for withdrawal than they do for deposit. Of course they don’t tell you until you try to initiate the withdrawal.

Overall feels pretty scuzzy.

I also tried ledn and had a much better experience, but they also seem much smaller, so I ended up withdrawing and won’t be using it again either.

>>	Anonymous Fri Jan 8 03:06:18 2021 No.25684788 >>25684742 But for real, I wouldn’t be surprised if BlockFi suddenly started freezing accounts and confiscating funds for bullshit reasons.

>>	Anonymous Fri Jan 8 03:10:00 2021 No.25684867 >>25684498 how much cumulative apy does that give you?

>>	Anonymous Fri Jan 8 03:30:43 2021 No.25685278 >>25684788 eye opener and most anons are not aware of this.

>>	Anonymous Fri Jan 8 03:36:32 2021 No.25685390 >>25676772 what happens when bitcoin moons and everyone tries to pull out of blockfi?

>>	Anonymous Fri Jan 8 03:40:33 2021 No.25685490 >>25676772 that is the baits to lock up your coins and you won't get them back easy, don't you fuckers see where all this is going with the likes of BlockFi, Celsius Network, Nexo, Crypto.com, etc ??

>>	Anonymous Fri Jan 8 03:42:16 2021 No.25685526 >>25677657 This, I’d unironically trust cz to stake with more then blockfi even tho I know they pay, cz has more to lose by not “fixing” up users if a hack happened

Anonymous Fri Jan 8 03:44:23 2021 No.25685557

>>25685278
>most anons are not aware of this
Kek. ALL services of any sort where you can get interest for depositing your BTC/ETH/Whatever are Bitconnect-type scams. Every single one of them. And 90% of people know this and don‘t fall for it in the beginning.

>>	Anonymous Fri Jan 8 04:14:36 2021 No.25686183 >>25684590 >>25684867 Check it out oasis.app yearn.finance defipulse.com

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