CC

CipherScarlatti

This is something that really needs to start being yelled about, if the credit cards and PayPal can dictate what VG's you buy and other control/censorship/nannying/moralizing issues, this is where crypto should really be pushed. Also, really emphasize the fact that the CC's make all their money from the transactions, so everybody would save money from dumping the CC system and move to crypto. No more $10 minimum purchases for CC's at small businesses and cash vs credit pricing.

SeverusSchnaps

Inverse CC! 

Informal-Ad220

I applied tonight. My limit is $16,000, though I do not see myself ever using that much. I haven't carried CC debt since the 1990s.

adiabatic_storm

Everyone starts at 2%, which is pretty good considering it's BTC and the average CC is either 1% cash back or 1x points on purchases that aren't in some special higher rewards category. After that you need $10K for 2.5%, $50K for 3.0%, and $200K for the full 4%. USDC counts towards the total. If these amounts seem high to any given person, then hey at least there's the 2% starting point, which is already pretty good. And of course if these amounts seem low, then that's obviously great as well.

WrenchmanFerritin

But /r/CC told me its a centralized scam???????

Digital_Scarcity

you won't get ledger praise from many including myself. Closed source tools. Dodgy companion app that just got hacked. Use any of the more open ones like Jade or CC

gkibbe

The inverse of CC would just be shorting bitcoin

Ok_Golf_6467

Average CC redditor: *sells good project that is at bear market pricing for random shit coin that does 200% in a day* Also average CC redditor: "Crypto is a scam. BTC only next time!"

AutoModerator

The author has marked this post with the `[SERIOUS]` tag. All comments will be held to a higher quality standard and additional rules may apply. **To raise content standards, insert the `[SERIOUS 2]` tag in the title of a new post.** For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_serious_discussions) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

AutoModerator

The author has marked this post with the `[SERIOUS]` tag. All comments will be held to a higher quality standard and additional rules may apply. **To raise content standards, insert the `[SERIOUS 2]` tag in the title of a new post.** For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_serious_discussions) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

AutoModerator

The author has marked this post with the `[SERIOUS]` tag. All comments will be held to a higher quality standard and additional rules may apply. **To raise content standards, insert the `[SERIOUS 2]` tag in the title of a new post.** For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_serious_discussions) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

OpenRole

Are you a CC? Oh no, better consumer experience at the cost of business profit margins. Someone please think of the shareholders 😭😭

MariachiArchery

This is exactly why 'push' transactions are important. You *send* money, 'push', versus having money taken from you, 'pulled'. Right now, CC's use a pull type of transaction. You give up your details, and then the money is taken from your, without you really getting the opportunity to see who is pulling from your account. You'll get this information on your CC statement. Crypto currency flips this on its head. The sender is responsible for sending money, instead of the merchant being responsible for taking money. In this system, credit card skimmers wouldn't matter, because no mater what, they wouldn't be able to pull money from your account. Only *you* can push money out of your account.

etaoin314

I dont know enough about how the economy worked when gold was the dominant medium of exchange, but even then more gold could be mined, there was an ever increasing supply. Also for most of the history there was no "middle class" you were either a lord or peasant. Im not sure how useful a model those economies were relative to our own. Are you saying that banks will just lend in bitcoin in the future and that it will be fine? On this subreddit people say that 1btc or even 0.1 bitcoin (I noticed this shift over the past year) will be generational wealth in 20-30 years. Right now I would need \~3 bitcoin to buy a house in a decent neighborhood in my city. If I borrowed that today and spent it on a buying that house, I would have to pay back 3x generational wealth + interest. So lets say a modest 10x increase of bitcoin over 30 years, basically terribly bearish numbers according to this subreddit. that $330K loan would now be what \~$6million!? But If I sold that house in 30 years it would be worth 0.3 bitcoin. That seems like a terrible deal. What am I missing here? Im not sure what any of what I said has to do with the convenience of bitcoin, as I dont find fiat to be particularly limiting in that regard, venmo/CC work fine for my needs. Dont get me wrong, its cool that it can move and be settled quickly and cheaply, but honestly that has never been a problem in my life. Not being able to borrow to get a house though would have been terrible for me and my family. Maybe I am overthinking things, but I have a nagging sense that some of the tradeoffs are hard to reconcile.

ObviousTie4

It’s not a mistake here either. I think he meant to keep Gavin in TO. Today Gavin would have been in CC and the DL in to. But he probably wrote to multiple people and chose to not reveal the recipients

agnas

Maybe, I don't know. But I've been using mail clients since 1978 (Unix BSD V6), and everyone has always been tagged in the correct send category: TO, CC, and BCC.

opensandshuts

We know it's "usable" otherwise it wouldn't exist. I was just replying to your comment that "people aren't scaled to take control of their own finances". It's not that, it's just that there's not enough guardrails in place for it to be a usable system for your average consumer. The difference between paying with your CC and spending bank cash later is that if someone screws you over and doesn't send you what you paid $500 for, or you accidentally send your CC payment to the wrong company, the bank/issuer will reimburse you or make it right by recovering the funds from the unintended recipient. As it stands today, if you make a crypto payment to buy something for $500 and the company just never sends you anything or you send payment to the wrong person, you're 100% SOL if it went to the wrong person, and if they didn't send you anything - MAYBE you can file a lawsuit that takes 6-12 months (if there's a solid purchase contract specifically calling out crypto addresses, method, dates, etc.). Otherwise you just lost $500 + lawyer fees and a ton of time. That's why I don't think the industry is ready for mainstream adoption.

liquid_at

As a payment it is already usable, just not very comfortable. But it does not really matter if you pay with your CC and spend bank account money later to fix that bill or if you send crypto and then use bank account money to fix that balance again. Adoption and comfort of use are still better with tradfi. Crypto is already faster and cheaper, the insurance-aspect of centralized services makes tradFi a tiny bit safer though. at least as of today. But there are always risks. Question is only which ones matter most for you. If you are a critical journalist in a country with a government that is unstable or already compromised, crypto might even be safer than a bank account for you.

JorgeliecerP

I’d prefer Gemini CC, no subscription, insta rewards and no need to hold money on the exchange

Annual_Juggernaut_47

This is the most bearish place on the internet. The pump IS inverse CC.

Hot_Philosopher3199

Yeah. The plan is to sell 15 Delta CC's. The reason for the switch was a near-miss fire at my house while on vacation. Even though I would have been protected with backups, I got real uneasy about self custody. Back when I bought it, self custody was the only safe option. Today is different.

Any_Context1

I had the Gemini CC years ago. It was great until it stopped giving rewards. IDK what happened, but at some point all of my rewards started getting reversed, even though my charges were legitimate. So I stopped using the card. (I complained and got nowhere with their shitty customer service.) I tried the card again about a year later and the same thing happened. Not worth my time. 

Oxygen_bandit

This is r/CC, so all you're going to get is Btc and Eth shilling.

jawni

Judging by these comments, the inverse CC indicator is giving a screaming buy signal.

Smile_lifeisgood

Try not to understand not everyone is a True Believer Challenge: Difficulty Level - r/CC Seriously. I'm only here to make money. Enjoy your righteous Libertarian Religious screeds but accept not all of us are in The Cult.

Illustrious-Lime-878

Everything you can should be paid with a credit card, then you get about 2-6 weeks of free interest before you have to pay. For the actual CC bill and other bills look into a brokerage account with margin. I use Fidelity and just spend from my brokerage account like a bank account. I never hold cash it just charges my margin. Every few months I sell some stock if the dividends don't cover the withdraws. You could do the same thing with a bitcoin ETF. Exchanges may offer something similar as well, not sure. I don't even hardly use a bank account anymore. I just have a backup one with a few grand inflating away in case I ever needed a real bank for some reason.

AutoModerator

The author has marked this post with the `[NO MOONS]` tag. The parent post and this comment section will not be counted towards the next Moons distribution. For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

AutoModerator

The author has marked this post with the `[SERIOUS]` tag. All comments will be held to a higher quality standard and additional rules may apply. **To raise content standards, insert the `[SERIOUS 2]` tag in the title of a new post.** For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_serious_discussions) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

AutoModerator

Post is by: One_Cow1087 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1n6mt6v/asterdex_trade_the_future_like_a_pro_fast_smart/ Dive into **AsterDex**, the decentralized perpetual exchange that brings the power of cross-chain trading, turbocharged by **AsterDex CC**. Forget the frustration of bridges and network switching—trade effortlessly across Ethereum, BNB Chain, Arbitrum, and Solana with liquidity pooled like never before. # What Makes Us Different? * **Invisible Orders:** Your secret weapon — place limit orders that hide your size and strategy until trade execution, giving you the ultimate advantage against front-runners and slippage. * **Two Trading Worlds:** Whether you crave simplicity or sophistication, choose **Simple Mode’s** lightning-fast one-click trades or **Pro Mode’s** advanced order book and deep analytics tailored for the savvy trader. * **AsterDex AI:** Your silent partner in the market, offering smart automation, front-running protection, and real-time predictive insights — because trading isn’t just about speed, but smarts. * **Unify Your Portfolio:** Seamlessly monitor and manage your assets across chains with **AsterDex Analytics**, a one-stop dashboard that illuminates liquidity flows, profit, loss, and yield opportunities. * **Earn While You Trade:** Stake BNB, BTC, USDT, CAKE, or mint USDF — a fully collateralized, yield-generating stablecoin designed for delta-neutral income strategies that keep your gains steady. * **Growing Strong:** With over $346 million in value locked and an ever-expanding global community, AsterDex isn’t just another DEX — it’s your trading future. Join the revolution where your trades are fast, your strategies invisible, and your profits optimized. Trade smarter, trade safer, trade with **AsterDex** today at [asterdex.org](https://asterdex.org/). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

pullupman

"40% yields on some funds," I beg you and I implore you to PLEASE look deeper into this. I'm presuming you are talking about high Yield CC ETFs... Capped upside and all the down side... Brother the only way these will work is if you reinvest almost all of it back into the ETF to continue averaging down as the nav erodes... Yes even MSTY will and is seeing nav erosion now. All of them will. Also none of these High Yield CC ETFs from Yield Max have exists in a real bear market... I went down this path. I very quickly realized that all the taxes I was paying on the yield combined with the nav erosions was killing me. I abruptly ended that experiment and bought more Bitcoin and left some in Treasuries to live on for a year. I will be drawing down from Bitcoin as needed in bull runs to live.. and I'll be borrowing against it in bear markets to live. I do not have children so there is no legacy or benefit to me holding Bitcoin forever...

williaminla

At least you read it. Seems like 80% of r/CC users don’t know how to read and just like to talk

77sleeper

I don't all my bills go on one CC, I pay off every payday. Living expenses on my gemini card, paid off every payday. I have $1500 cash in my house that is never used, and leave 150 in my checking for cash only stuff. All else is invested.

One-Respond6191

Peer-to-Peer (P2P) Marketplaces Bisq: open-source desktop app, totally decentralized. Trades settle on-chain with multisig escrow. Slower but very sovereign. RoboSats: Lightning-only, Tor-based, one-time robot avatars. Fast and simple for smaller buys. HodlHodl: P2P with multisig contracts. Web interface, no custody, non-KYC. Acquisition: RoboSats (small), HodlHodl (medium), Bisq/cash (large). Hot wallet: Phoenix (best balance) or Muun (easier but less sovereign). Desktop HQ: Sparrow (coin control, UTXO hygiene, multisig, node connection). Cold storage: Coldcard (deep vault, air-gapped, Bitcoin-only). This stack gives you maximum sovereignty + optionality. Your hot wallet is for spending, Sparrow is your coordinator, and Coldcard is your deep savings. All acquired non-KYC and no surveillance strings attached. [file:///var/mobile/Library/SMS/Attachments/56/06/025B4CC1-CCDB-4319-8E83-05288F434C73/FILE_3000.pdf](https://file:///var/mobile/Library/SMS/Attachments/56/06/025B4CC1-CCDB-4319-8E83-05288F434C73/FILE_3000.pdf)

jawni

It's not bots, it's just the format of Reddit forcing out anyone with opinions that differ from the popular consensus. Reddit is literally a popularity contest. It's not a mystery why this sub's favorite projects barely ever changed, nor is it a mystery why this sub's most hated projects never change. Existing people in the sub just see their opinions reinforced and new people to the sub see everything through the lens of the bias and either fall in line or go elsewhere. Popularity(upvotes) decides what the sub gets to see and discuss, so it discourages any discourse outside of that. Why would anyone who is bearish on a r/CC favored project want to participate in any discussion when they're just going to be downvoted to oblivion regardless of the merit of their comment? And why would anyone bullish on something the sub doesn't care about want to participate when they're just going to be ignored or downvoted? >A good example is whenever there is a different opinion put forth, it's met with this hostile "your wrong" or "you are an idiot" like everyone here is some expert. You ever wonder why X and Reddit are so different when it comes to crypto? You ever wonder why X has a lot of people talking about HYPE and why it never gets mentioned here? You ever wonder why people on X hardly mention Cardano and in here it's the most popular altcoin besides ETH? On X, reputation and expertise matters, and there are actually people with good reputations and expertise. *All* the most important people in the crypto industry are on X, *none* of them are on Reddit. So while there is definitely more noise on X, there is also stronger signal. 1000 upvotes on a bullish reddit post about XYZ doesn't mean as much as one respected person, who is unaffiliated with XYZ, saying they are impressed by something XYZ is doing. And sadly, even a meta-discussion like this has only gotten you low-effort replies as well. You ask why discussion is so impossible, and get replies that basically highlight the problem you're trying to discuss. Kinda ironic. tldr: reddit's format makes subs turn into echo chambers because the quantity of participation overrides the quality of participation

Training-Fig4889

Wait for reputable multi sig cold storage lending or retire now and spend your bitcoin. You could sell MSTR or IBIT CC’s if it suits you

AutoModerator

The author has marked this post with the `[SERIOUS]` tag. All comments will be held to a higher quality standard and additional rules may apply. **To raise content standards, insert the `[SERIOUS 2]` tag in the title of a new post.** For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_serious_discussions) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

iwantagrinder

Credit scores will become less and less meaningful with data on-chain when you can verify all of the transactions made to pay your bills. Fuck Equifax. Flexa stated long ago they built a solution after merchants told them what they wanted built. Value prop for merchants is the money saved on CC processing fees (3%+), they're doing that with the 1% transaction fees. The merchants can then offer to pass that savings onto the customer or give them extra "frequent flyer miles" when paying with Flexa. You're too narrowly focused on the consumer having free will, Flexa will handle so much in the background that the consumer never sees and will not be able to influence - like tokenizing reward programs.

TheFudge

Have to convert back to fiat when you need cash. If there is not BTC payment option that’s the only option. Maybe a BTC CC but if it’s a cash only type of payment no way around that.

ieatvegans

And I, for one, welcome our new ETH overlords.  I'd like to remind them as a trusted CC personality, I can be helpful in rounding up BTC bulls, to convert them to Ethereum. 

SunTzuFiveFiveSix

Ramsey is exactly what financially illiterate and irresponsible people need. Which is most people. So he’s doing a good deed for her intended demographic. Intermediate/advanced investors and BTC lovers understand that when you borrow USD and that fiat loses value, your debt is reduced. That’s how a generation of boomers became inadvertently rich. The borrowed $500k to buy a home. Over the course of a couple decade inflation eroded their debt to only be worth $250k (in terms of purchasing power). Meant while they were invested in scare resources like stocks and their home that outpaced inflation. That said. Many are struggling to pay off CC debt from lattes and vacations so I would suggest those people read Ramsay. I wouldn’t even mention BTC or try to explain fiat vs scarce assets to them.

namieorange

Sir this is the CC daily, not the Bitcoin one. Allow us to freely express our sorrows

ImmediateShape4204

DOGE and ADA look both primed for a run. Read a thread on CC recently talking about an article on how memes were out of favor, etc. It was my trigger, bought a lot of DOGE that day. Paying off so far.

MATHP17

Wow If it’s not IP it’s not worth your money! $ZEUS #CC8 @zeuscoineth_

Stanley-Steemer

Maybe I'm confused about a Sparrow read-only wallet. If an address belongs to a Cold Card wallet, and you link it to a Sparrow (read-only) wallet, then how can someone take the funds from that address? If you give your seed phrase to the Sparrow wallet, I can see that they can drain the hot wallet, but isn't the Cold Card address safe? This sounds like they can take funds from the CC wallet address. If this is true, then there is no such thing as a read-only wallet.

IdleHeroCrazyFan

I just don’t understand you aren’t getting anything special. Just use a CC that gives better rewards… and use that $ to buy BTC if you want. I’m assuming it’ll be a larger sum

bogeyplata

Reddit CC is the king of feel facts. … we’re gonna rip another leg up this quarter.

yoobermcruber

Your predictions have been atrocious. You posted ["When 40k"](https://www.reddit.com/r/Bitcoin/comments/1b1ysqv/daily_discussion_february_28_2024/ksk77i4/) one year ago. You were [calling for 3k two years ago.](https://www.reddit.com/r/Bitcoin/comments/199j9wu/daily_discussion_january_18_2024/kihc4t7/) You [called for 3k again two years ago.](https://www.reddit.com/r/Bitcoin/comments/10hk9zx/daily_discussion_january_21_2023/j5azwiq/) Two years ago you posted ["Yeh I buy more when it's 3k"](https://www.reddit.com/r/Bitcoin/comments/zfda4u/are_you_guys_going_balls_deep_in_bitcoin_during/izdzina/) You posted ["3k gang"](https://www.reddit.com/r/Bitcoin/comments/z1kxnc/daily_discussion_november_22_2022/ixcuihx/) And another ["3k gang"](https://www.reddit.com/r/Bitcoin/comments/yq9as4/daily_discussion_november_09_2022/ivq0aqo/) And you've posted 40+ other equally bad predictions in r\/CC

duma0610

Typical CC Redditor. Elementary school education.

CactusJuicemane

250 every 2 weeks until my CC balance is zero. Once im out of debt im deploying 100%

Backwards_is_Forward

I can't sell, I lost my CC PIN, but I have my seed, so I ordered a new one.

g7008

At this point dump the FA, buy BTC on a cadence you're comfortable with (I buy weekly) like it's a total market or S&P 500 mutual/index fund. Don't invest in a 401K beyond company match to diversify your risk so you can sleep at night. With all the money printing it doesn't make sense to invest in anything else unless you need weekly or monthly income from CC ETFs. BTC is going to eclipse the housing market in the US. BTC is backed by governments all over the globe. It's over, walk away from trad fi. It's all fiat programming that was pushed onto you and is going to inevitably be printed into infinity until the system comes to a screeching halt...

AutoModerator

The author has marked this post with the `[SERIOUS]` tag. All comments will be held to a higher quality standard and additional rules may apply. **To raise content standards, insert the `[SERIOUS 2]` tag in the title of a new post.** For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_serious_discussions) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

MaximumStudent1839

>I'm not wrong. Yes, you are wrong. Paraphrasing, you said debit cards are more risk prone because they will wipe your checking balance out if someone holds your card. I told you it can't happen, because of 1) you can set a daily spending limit (in fact, most big banks set you a limit by default), and 2) banks often halt sudden big spends because of ' anti-fraud mechanisms, especially when it comes from a debit card. > no one is telling you you need to support Flexa It is not specifically about Flexa. It is about crypto startups rarely ever thinking hard and trying to get the incentives to create a user distribution outside of token speculation. Then, after a few years, they get no real and sustainable business adoption, and show up with a surprised Pikachu face, and cry about the space being "nihilistic", "full of speculators", blah blah blah. Flexa is just one example of many. > But clearly crypto payments are a thing because MC and Visa are getting their hands in it. Both MC and Visa already have a user distribution. They don't need "crypto" to build up their business. They got the CC business to fund the incentives to lock in their user base, e.g., cash backs, etc. These salient things you expect out of a business nearly never exist with a crypto startup roadmap. Most just wishfully think launching a token is a panacea for all problems and a substitute to making business plans.

PMmeuroneweirdtrick

Buy high sell low that's the CC way

OwlPay_Wallet_Pro

Stablecoins like USDC are basically the digital version of the US dollar, and holding it is almost the same as holding USD. Like you said, waiting can be a good strategy. You can first deposit through CC cash or bank transfer, and then maybe swap into your desired crypto at the right time. Aside from investing, USDC might become a popular payment method in the near future. That means not only businesses using it for remittances, but normal users could also spend it on things like online shopping or booking travel.

Familiar_Snow_5738

I wonder what the interchange rate is on this Meaning what did the business owner pay to process it? Because CC are usually 2.5-3%

n0bfu

Exactly, I haven’t found a good reason to use a 0% CC if I have cash on hand

n0bfu

I’m in the US and have been thinking about this recently too. 800+ credit, no debt, $250k income. I have some pretty nice 0% APR 12-18mo offers. Why not max one out? I have cash on hand to cover it now. I looking at this with a b&h mindset, not buy and sell in 12 months to cover the CC payoff.  Maybe I’m regarded but I don’t understand the math. If I max a CC with $10k on btc and it goes up in 12 months, I pay off with $10k cash later. Why wouldn’t I have avoided the CC and just spent the initial $10k cash on btc? If I max one out and btc goes down in 12 months, so what? I’d pay off the card and probably buy more. Or is the point to continuously rollover the balance on 0% transfer offers? Why wouldn’t I just take a loan out at that point?

brad1651

It's a convenient form of payment already, so if you'd be willing to offer 3%-5% off of larger ticket items I'd be game. That matches what you'd be losing to a CC transaction, so it'd be a close to even exchange for you and an incentive for me.

ImmediateShape4204

ETH/BTC with a 3% drop after making +200% in a few months, and everybody is saying sell ETH and buy BTC. Never change, CC, never change.

Golden1881881

Thanks. Got rugged hard with Yield Nodes, then took what I had left and got into AERO WETH leveraged LP in Extra Finance, went 4x when it was about .03. Slowly sold during the run all the way to $1 or so. Sold into WETH msETH LP on aerodrome, and was farming at about 8-12% for a while. Then after the tariff swings, sold when it got back to $2200-$2300. Moved it into a brokerage and held IBIT, selling CSP on ETHA and CC on IBIT, which hasn’t been called away yet. Very conservative. But about 75% of the $ is in cash, some used as collateral for selling CSP’s. So it’s not totally a 0 sum. Also caught the BMNA run this week with shares. Playing with a little fire but mostly missed the ETH run 🙃 couldn’t risk having ETH stuck for some reason in a ledger. Been writing checks now to build, but damn it would have gone a lot fuether if it was two months later

tobypassquarant

What you said only reflects the ability of crypto while it stays OUTSIDE the traditional financial system. Once it becomes integrated, as it will in the future, what you are doing now will no longer be possible. Right now, your local banks are hastily trying to close these loopholes by identifying where you spend your USD and blocking transfers to them one by one. Crypto companies that can accept CC payments pop-up quickly and close down quickly so it's a cat and mouse game; that's the benefit of decentralization - apart from being scammed ofc. Once crypto becomes integrated with the banks, it becomes easier for your banks to simply shut that pipeline off since all the money has to pass through this centralized banking system now, a limited specific list of banks that never change. My advice to you is this: If you think that the US economy will fare better than your local economy or that your local economy cannot fix its shortcomings, convert as much money as possible into USD and wait for this inevitable integration because afterward, you WILL be held a financial prisoner in your own country.

adioshoes1

How is the security? I would be worried someone hacks the CC account and steal your bitcoin? Also...can you transfer over to your cold wallet? Thanks

Elegant_Difficulty97

Today? Everything in CC and wait the following 2/3 ish months for the bull run. Then cash out everything I need to pay off my student loan, mortgages etc.

Alexchii

Can you buy using a credit card? Can you buy directly onto your own wallet? Can all of this be automated? I’d want a recurring CC buy transferred onto a wallet I own. I can do this with places like Mercuryo, but their spread is crazy.

H0ots

Figure out why you went into CC debt in the first place or you'll be posting again about having to sell the rest.

randomquestion11111

As always, inverse r/CC wins again

opensandshuts

This might fiiiiiiinally be the year for LINK. After LINK holders being crapped on by everyone in Reddit CC, despite all this false speculation that XRP is doing tradfi. I’m not doing any sort of gloating, but my God, this has been a long time coming if it all happens this year…. Link marines deserve it. 😆

Waste_Molasses_936

Depends on interest rates. CC debt is expensive- pay that shit off. Student loans, maybe. But definitely CC debt. Then invest

Moxie_Mike

How old are you and what are your long-term goals? Clearing CC debt? No brainer. No investment in the world is going to net you 30% annually. As to the car and student debt, it depends on the balances, the interest rates and the monthly payment on each. You may do better in the long run keeping those debts on the balance sheet and using the cash to invest now. It just depends on how the numbers shake out - assuming maximizing your investment long term is the goal. Alternatively, you might be better off using the cash to clear all your debt, freeing up a substantial part of your monthly nut. Take the money you would have going out every month and invest it as you see fit. All in all, I would suggest you put all the specifics into ChatGPT and have it game a few scenarios for you so you can see where the numbers shake out.

retardedredditor987

Would need the details of the loans to give you a more specific answer. Lifestyle doesn’t change - keep paying the car. Cars just suck money. Don’t get a head start on it. 2k Spend for fun 5k High interest CC debt gone? 10k Emergency fund 40k BTC - you’re in the bitcoin sub… 13k Index Fund

ConfuciusYorkZi

No, japan is too small of a market, and im not looking for the performance of MSTR. Im looking for a vehicle of volatility to sell CC's, to generate cash flow and reinvest into BTC.

Soggy-Welder2265

Join WallStreetbets use your CC or Loans follow the instructions go all in. Their only two outcomes Bankruptcy Payoff 700k Good luck 🍀 your going to need it

AutoModerator

The author has marked this post with the `[SERIOUS]` tag. All comments will be held to a higher quality standard and additional rules may apply. **To raise content standards, insert the `[SERIOUS 2]` tag in the title of a new post.** For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_serious_discussions) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

YouitchyRo

Yeah you can link an existing CC to get cash back in BTC.

wallyone123

Nope CC just ded

JerryLeeDog

To support the adoption of Bitcoin and support businesses that support freedom money Paying in BTC mean huge savings for companies vs CC payments

chodeycoi

There are ETFs out there that primary hold crypto like IBIT. If ya feeling more spicy you can go into CC ETFs like YBTC and YETH that give weekly divs

CapoDiTuttiFrutti

Can you do the same for my CC debt?

LTP-N

So this is what r/CC has turned in to now.

TechHonie

Isn't it a violation of the merchant agreement to charge a premium for CC? ... People usually get around that by offering discounts with other payment methods.

noviwu97

Most people still doesn't realize that credit card charges the vendor few % and that's usually included in the price. Some of that % is reimbursed to the customer via rewards. Which means if you're in a restaurant or supermarket and pay with cash, you're giving away some of your money to the CC company and those getting rewards 

Fluid_Garden8512

For my own sanity, I don't bother visiting r/CC.

Sunnyjim333

What? you want to deny CC companies their 4% transaction fees?

sheepsgonewild

Because you miss out on the upside potential. I sold lots of CC’s in 2022 and lost a lot of money when the stocks zoomed past their strike price. Buy and hold generally wins Also buy and hold you don’t have the same tax liability as collecting call premiums

FnkyJnk

Welp. Gemini CC will have to stay in my wallet.

AutoModerator

The author has marked this post with the `[NO MOONS]` tag. The parent post and this comment section will not be counted towards the next Moons distribution. For more information, please see the [r/CC policies page](https://old.reddit.com/r/CryptoCurrency/wiki/policy) or visit r/CryptoCurrencyMeta. For more serious and focused crypto discussion, check out r/CryptoTechnology. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

twill41385

Picking the wrong stocks and it can be a problem. I got wrecked on some biopharma because I wanted the high premium due to the IV. It dropped 80% overnight on a bad clinical trial and I’m currently down 98% on it holding and praying. Learned that lesson. Don’t eff with biopharma. But otherwise it’s a pretty conservative option strategy. But all option strategies have some inherent risk. Why people who are long term investors don’t sell CC on their stocks is beyond me.

twill41385

Yes CC and weeklies. The other half of the wheel is if you let your shares get called after going ITM, you open cash secured puts on the same stock.

analyticnomad1

A second opinion? This isn't a cancer diagnosis. You used a CC to purchase BTC in 2015. (I hope you find the wallet) but the solution to this minuscule problem could have been solved 100 times by now but instead, you took the scenic route. Good luck.

FinanceOnly4U

Which CC do you use and what percent does it pay you?

Etrensce

The fact that you jump to conclusion about my emotional state after 1 post says a lot more about you than me. You said it was impossible in your original post, now you have backed down to saying that it is likely never. USD value for advertising moon remains the same, but demand for said advertising is elastic. Case in point, if crypto goes through another winter, demand for advertising on CC will tank. Props to you though for agreeing that the inverse is true, in that there is a price cap to MOON because as the cost of MOONs goes up, the number burned goes down.

Etrensce

No it's still possible as advertising spend is tied to the perceived value of the platform. Saying it is impossible is ridiculous when advertisers can deem CC not worth advertising on. What's the bottom for MOON in that scenario? Furthermore if you extrapolate your statement, MOONs have a theoretical top as well where it is no longer worthwhile for advertisers to pay that MOON cost to advertise.

s1cKn3551990

It sucks they hide the decent reward rates behind having "assets on their platform" but, I guess it's an easy way for CB to pad/promote their "growth". I'm wary of leaving that much BTC on an exchange just for a small boost in CC rewards. I'll just stick with my Gemini card, it has decent reward categories 1-4% with occasional 6-10% promotions in certain categories (the 1% category being the everything else.) Since referral codes/promotions are banned on the sub, if anyone is interested I can DM a referral code so we both get $50 if BTC once you sign up.

tonto515

I rather just use my Gemini CC and not have to pay fees to individual buys.

WrenchmanFerritin

CC hating on Solana again with a misleading title, better watch out for the pump. Keep it up CC, never miss an opportunity to be wrong.

Own_Sky9933

I have it and the card is fine. But the rewards actually suck. 4% on Gas; 3% on Restaurants 2% at Grocery Stores; 1% everything else. Unless you are a 400lb dude in their car all day. I would say that’s a pretty narrow segment of spending to get any meaningful rewards. Baseline for any CC rewards without a fee is 2%.

Own_Sky9933

Depends on how you hold the funds too. I know this is a Bitcoin sub. But if you are paying for Coinbase One and had $200k in USDC your interest is like 4.5% which is currently like .25% above what a T-Bill would payout for 1-2 months. Stack that with the CC rewards and it looks much more enticing. There are definitely some different angles to evaluate this.

126270

Remember when “chip” first rolled out like 20 years ago - Europe wouldn’t even accept credit cards with no chip - but hey guess what - even in Europe the CC fraud was out of control for online orders, telephone orders, didn’t have to use the chip for those… And here we are 20 years later - most stores I go to don’t have the chip set to required - most stores allow touchless with no signature, no ID check, a good 90% of them no cctv pointing at your face, etc So yea, there’s a lot of reasons why CC Fraud still exists If you do try going the virtual cc route - be sure to only work with cc companies who allow safety/security settings that help prevent fraud, keep the virtual card set to “off” or inactive when you’re not planning on using it, keep your $$$$$$$$$$$ as far away from the CC account as possible - sure it’s all digital and automatic if you want “easy” - but I don’t want easy - I want safe/secure - I’ll send the $$ to the card - you will NOT take the $$ from my wallet ( as example ) Do your due diligence

YetiKing16

Very risky to take on debt to buy an asset as volatile as BTC. Also I churn credit cards very heavily, and have never heard of a CC that offers 0% APR cash advances. Balances transfers for sure. But not cash advances.