Crypto

[Atla]

Well...

I sold out everything I had on Coinbase in May when I started my new job. I knew I wouldn't be able to check it daily like I was at my old gig and was up pretty good. That went really well for me.

Unfortunately, I STILL haven't unlocked my Bittrex account, where about 60% of my holdings are. So those are just going to ride until I'm able to put the effort into opening my account back up. But even then, I'm going to HODL in hopes that they take off. I think 100% of it is Cardano, which I still have high hopes for.

So... Here's to the next boom. May it be bigger and longer than the last.

(That's what she said.)

 

[noway2]

Still haven't gotten my Voyager account approved, but I did encounter something I don't like. I received an email that went into the SPAM folder, claiming to be from voyager and asking me to hold my drivers license up, with a picture of me, AND a copy of a W-2 or SS card or something showing my SS#. It was suspicious to begin with, then I looked at the email headers.
Here's the relevant portion:

Received-SPF: Pass (sender SPF authorized) identity=mailfrom; client-ip=3.91.171.67; helo=mail-us8.freshemail.io; envelope-from=bounces+1.974474.672504-support=investvoyager.com@fwdkim1.investvoyager.com; [email protected] 
Received: from mail-us8.freshemail.io (mail-us8.freshemail.io [3.91.171.67])
    by noway2.net (Postfix) with ESMTPS id C19FF1F6B1
    for <[email protected]>; Tue,  3 Aug 2021 10:02:27 -0400 (EDT)
DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=simple/relaxed; t=1627999326;
    s=yl8ez; d=investvoyager.com;
    h=MIME-Version:Date:From:Reply-To:To:Message-ID:Subject:Content-Type:Content-Transfer-Encoding;
    l=8095; bh=GHEi3gQdNdFcWXXMrRi7rDuJmE6mgRVRUpoidr+hHiA=;
    b=f5xCg3v04rNY+MTJMrBetvwHcYfyQQTLmXE6bQbjh+F9s/zEbQEg5NAYpxrMnMI+
    HP9Mdun5qo5SA489oV2nj+u9gJ2cB/PLeOCBhALNdSPCPtOVYYuik6Zk9VcsTSKkG7w
    yNsxqwXqEVrqc73wkexh0FntDiwl6fIpfFLpRWFPZxwzRAqGFwyeV6EBpBhzNJHRRu7
    XmbUXLRYGeYLabOA0Fu8MWtDU78GNB2mnGSu3cTV+fBCKAkWZ0azQxd8hSd4fNQs7Eq
    ENjuV+4oLNrjsMNTvUlg1X8vO35SCpFdiz+1ZOQZrvPirLyrjIMgHP9CmuQAzQc9GFc
    30HwXAyvGA==
MIME-Version: 1.0
X-Received: from ip-172-16-112-169.ec2.internal (EHLO freshdesk.com) ([172.16.112.169])
          by smtpout.freshdesk.com (Freshworks SMTP Server) with ESMTPA ID 1786398456.2
          for <[email protected]>;

Note that the email originated at freshdesk.com and this got flagged in the anti-spam checker as a google proxy.

Now here's a real message from voyager:

Received-SPF: Pass (sender SPF authorized) identity=mailfrom; client-ip=23.251.255.182; helo=e255-182.smtp-out.amazonses.com; envelope-from=0100017ad4ad7ce1-425edda1-e64b-478c-a042-1dbb4cf76ae7-000000@amazonses.com; [email protected] 
Received: from e255-182.smtp-out.amazonses.com (e255-182.smtp-out.amazonses.com [23.251.255.182])
    by noway2.net (Postfix) with ESMTPS id 65DD61F5EE
    for <[email protected]>; Fri, 23 Jul 2021 14:43:17 -0400 (EDT)

The real one comes from Amazon AWS (or something similar), not google, and doesn't pass through an intermediary. What's spooky is that the phishing attempt new I tried to create a Voyager account.

 

[Average Joe]

I’m getting close to where my portfolio was before the last big drop. As with any speculation, hind sight is 20/20. Wish I would have had more faith and purchased more while it was in the 30s. Since this is really my first real attempt at crypto, I got scurred!


Edited to correct autocorrect

 

[noway2]

Read an interesting blog about cryptocurrency today. I didn’t realize that Bitcoin was intentionally crippled and deviated from its original design: https://www.theorganicprepper.com/a-crypto-primer-what-preppers-need-to-know/

Still, I think the whole concept speaks to the battle between centralized control and decentralization by the people. A spider and starfish scenario: https://www.theorganicprepper.com/a-crypto-primer-what-preppers-need-to-know/

 

[DarrenC]

I setup my CB account some time ago and left it alone without even linking a bank account. I decided to finally make some time to piddle with it but I'm not keen on the automated account verification. I don't want to give my login credentials for the verification step. So, I tried to do it manually (entering routing and acct info). Got an immediate error that it couldn't be linked. It's a USAA savings account. Seems odd since I just linked my CB to my USAA (they're pretty interested in the crypto stuff for a bank). I sent both of them (CB and USAA) a message to see if either side could help. Not holding out much hope....

 

[Jerzsubbie]

I setup my CB account some time ago and left it alone without even linking a bank account. I decided to finally make some time to piddle with it but I'm not keen on the automated account verification. I don't want to give my login credentials for the verification step. So, I tried to do it manually (entering routing and acct info). Got an immediate error that it couldn't be linked. It's a USAA savings account. Seems odd since I just linked my CB to my USAA (they're pretty interested in the crypto stuff for a bank). I sent both of them (CB and USAA) a message to see if either side could help. Not holding out much hope....

So you were able to link CB to USAA but not USAA to CB?

I discovered that Plaid, the service CB and Voyager use to access/link bank accounts, is no longer working for either of my credit unions (local and national). If it’s not fixed this week, I’m going to have to open up a Wells or PNC bank account solely for crypto transfers since I use Voyager USDC as a high yield savings account.

 

[DarrenC]

So you were able to link CB to USAA but not USAA to CB?

Correct. CB->USAA worked but USAA->CB did not (manually at least). CB actually got back to me already saying to use the automated system through Plaid. I knew that's what they'd say.

 

[GymB]

So you were able to link CB to USAA but not USAA to CB?

I discovered that Plaid, the service CB and Voyager use to access/link bank accounts, is no longer working for either of my credit unions (local and national). If it’s not fixed this week, I’m going to have to open up a Wells or PNC bank account solely for crypto transfers since I use Voyager USDC as a high yield savings account.

It looks like one of the crypo currencies pegged to the USD has become unpegged due to large redemptions. That’s the sum total of what I think I know, but I think you’re neck deep in this stuff. Is this a short-term problem, the end of crypto indexed to other currency, or something else?

 

[WildBill]

It looks like one of the crypo currencies pegged to the USD has become unpegged due to large redemptions. That’s the sum total of what I think I know, but I think you’re neck deep in this stuff. Is this a short-term problem, the end of crypto indexed to other currency, or something else?

My personal opinion is it's just the end of that 'stablecoin' and will be used to justify increased legislation and oversight of all stable coins.

 

[Jerzsubbie]

It looks like one of the crypo currencies pegged to the USD has become unpegged due to large redemptions. That’s the sum total of what I think I know, but I think you’re neck deep in this stuff. Is this a short-term problem, the end of crypto indexed to other currency, or something else?

It’s just that one, Terra. But it also highlights the issue of stable coins not backed by assets. Terra was criticized long ago for not being backed by assets of any kind and some claimed it had flaws. I’ve tried a few different stable coins, but never Terra. It never appealed to me over others. With a stable coin, I want security and interest.

Most stable coins are backed by assets, usually the dollar. Some claim to be backed by the dollar but people question if that’s true. I believe USDC is one of the safest since it is backed by dollars 1:1 held in US banks and the reserve is independently audited monthly.

 

[Jerzsubbie]

Ironically, Voyager just sent this out…

 

[noway2]

Ironically, Voyager just sent this out…

I tried signing up for an account MONTHS ago. Still “pending” but I sure got on their damn spam list.

 

[Bigdave0924]

Can’t decide if I want to go ahead and buy GRT at $0.1515 or wait for it to drop more. It’s down almost 40% today I don’t think it’s going much lower but if I buy it will continue to fall if I don’t buy it will be up 50% in a couple weeks.

 

[Jerzsubbie]

Can’t decide if I want to go ahead and buy GRT at $0.1515 or wait for it to drop more. It’s down almost 40% today I don’t think it’s going much lower but if I buy it will continue to fall if I don’t buy it will be up 50% in a couple weeks.

If it’s down 40% in a day and it’s not fundamentally broken, like Terra, buy! But I still wouldn’t buy everything you want all at once. I try to split buys into 2 or 3 parts, in case it does drop again, until I reach my targeted amount.