Cryptocurrency

[easilyscan 716]

14 hours ago, frank said:

You could be walking around lucky and not even know it. 

Great movie!

[The Real timschochet 5,232]

On 11/21/2024 at 1:40 PM, iam90sbaby said:

Where's all the douche bags that said it was a pyramid scheme?  Some of y'all gotta feel real dumb.

It still seems like it is, right? You guys are buying and selling and some of you are making money, and good for you. But it still doesn’t seem to be tied to anything real or tangible. 

I have stocks tied to blue chip companies that I have held onto for years and will continue to do so. But they’re not volatile. I’m not looking to make a fast buck, just want my money to be safe with perhaps a little more interest than a money market account would give me. I don’t understand Crypto (which is why I started a thread asking about it) but it seems very flashy and very risky. 

[Frozenbeernuts 1,883]

7 hours ago, The Real timschochet said:

It still seems like it is, right? You guys are buying and selling and some of you are making money, and good for you. But it still doesn’t seem to be tied to anything real or tangible. 

I have stocks tied to blue chip companies that I have held onto for years and will continue to do so. But they’re not volatile. I’m not looking to make a fast buck, just want my money to be safe with perhaps a little more interest than a money market account would give me. I don’t understand Crypto (which is why I started a thread asking about it) but it seems very flashy and very risky. 

This says you have done 0 research still on bitcoin yet you are using your super accurate emotions to determine the true value of bitcoin. It will be worth multiple millions of dollars per coin in our lifetime.

[Hardcore troubadour 14,164]

Another great call by Gutterboy. You guys that own this better hope he doesn’t buy any. 

[Cdub100 3,689]

Is anyone else planning to take profits like me? If so what's your strategy or are you holding through the cycle?

[The Real timschochet 5,232]

12 hours ago, Frozenbeernuts said:

This says you have done 0 research still on bitcoin yet you are using your super accurate emotions to determine the true value of bitcoin. It will be worth multiple millions of dollars per coin in our lifetime.

I hope so. Honestly I hope you and everyone else doing this makes as much money as you can. So long as it doesn’t cause me to lose money, why not? But I still don’t get it. 

[easilyscan 716]

4 hours ago, Cdub100 said:

Is anyone else planning to take profits like me? If so what's your strategy or are you holding through the cycle?

One of the oldest sayings on wall street has different variations. No one ever went broke taking profits. Never be ashamed to take profits, etc

My only cryptocurrency investment is MicroStrategy. (50 shares) those shares are all profit, & if they were in a tax deferred account, I might consider selling. Since they aren't, I'm going to let it ride just in case predictions like those from Frozenbeernuts above..........................................................................

Quote

It will be worth multiple millions of dollars per coin in our lifetime.

............turn out to be accurate. No doubt I'd be disappointed if I lost at all, but it wouldn't change my life, at least not financially.

If MSTR continued to go crazy to the upside, and my profits reached, say 100 K, I might consider buying some puts as a hedge.

 

 

 

[Cdub100 3,689]

38 minutes ago, easilyscan said:

One of the oldest sayings on wall street has different variations. No one ever went broke taking profits. Never be ashamed to take profits, etc

My only cryptocurrency investment is MicroStrategy. (50 shares) those shares are all profit, & if they were in a tax deferred account, I might consider selling. Since they aren't, I'm going to let it ride just in case predictions like those from Frozenbeernuts above..........................................................................

............turn out to be accurate. No doubt I'd be disappointed if I lost at all, but it wouldn't change my life, at least not financially.

If MSTR continued to go crazy to the upside, and my profits reached, say 100 K, I might consider buying some puts as a hedge.

 

 

 

If I were you I'd trade those stocks for the real thing. Start dcaing out of mstr and hold the profits for a year or 2 and then buy Bitcoin. 

Hold the asset not a company who has a bunch of it 

[easilyscan 716]

6 hours ago, Cdub100 said:

If I were you I'd trade those stocks for the real thing. Start dcaing out of mstr and hold the profits for a year or 2 and then buy Bitcoin. 

Hold the asset not a company who has a bunch of it 

Appreciate the input. 
I'm curious as to why you'd recommend holding the asset, but not the company who owns a bunch of it ? 
I've heard people state the same thing regarding investing in gold. Better to hold the actual asset yourself, rather than owning it via a mutual fund, or ETF.

Things could change quickly, but I hate to sell something that’s worked so well. MSTR one-year return is 755% while bitcoin is 163%
If it ain't broke, don't fix it ?

One thing that concerns me is the performance of MicroStrategy itself. The underlying business (sans the bitcoin holdings) hasn't been doing anything special for a long time. 

Lastly, the shares of MSTR only account for 1.67% of my taxable account. Luckily for me, my working/earning/saving years are past, & I'm not looking to get rich off crypto, just like the excitement of participating. 

Regards

[Cdub100 3,689]

7 hours ago, easilyscan said:

Appreciate the input. 
I'm curious as to why you'd recommend holding the asset, but not the company who owns a bunch of it ? 
I've heard people state the same thing regarding investing in gold. Better to hold the actual asset yourself, rather than owning it via a mutual fund, or ETF.

Things could change quickly, but I hate to sell something that’s worked so well. MSTR one-year return is 755% while bitcoin is 163%
If it ain't broke, don't fix it ?

One thing that concerns me is the performance of MicroStrategy itself. The underlying business (sans the bitcoin holdings) hasn't been doing anything special for a long time. 

Lastly, the shares of MSTR only account for 1.67% of my taxable account. Luckily for me, my working/earning/saving years are past, & I'm not looking to get rich off crypto, just like the excitement of participating. 

Regards

Obviously mstr has been a great stock. I look at it like I do meme coins and other crypto. Do I want to hold doge or do I want to hold the ETH it's running on. Do I want to hold dogwifhat or do I want to hold the SOL it runs on.

Saylor has been amazing for the community. He is one of bitcoin's biggest proponents. But he's not going to be around forever things can change his company can change what happens to mstr if he died tomorrow. Or if there was a hostile takeover from the board where he got sick or a million other things that can happen. His company is where it's at because of Bitcoin Bitcoin does not get sick Bitcoin can't die so looking at it from that perspective I would rather hold the object that launched him into great success rather than his company. 

And I'm not saying mstr is a bad hold. It's probably going to be the top company as far as value goes eventually. But again that's because of Bitcoin not because of what the company actually does. 

What's the saying about the gold rush? The only people who got rich are the ones selling the shovels but I say fock that. I would rather manufacturer the shovels.

[iam90sbaby 2,300]

On 11/23/2024 at 5:37 PM, The Real timschochet said:

It still seems like it is, right? You guys are buying and selling and some of you are making money, and good for you. But it still doesn’t seem to be tied to anything real or tangible. 

I have stocks tied to blue chip companies that I have held onto for years and will continue to do so. But they’re not volatile. I’m not looking to make a fast buck, just want my money to be safe with perhaps a little more interest than a money market account would give me. I don’t understand Crypto (which is why I started a thread asking about it) but it seems very flashy and very risky. 

You're a retard and you aren't worth the energy explaining anything to

[jonmx 2,201]

5 minutes ago, iam90sbaby said:

You're a retard and you aren't worth the energy explaining anything to

Yep, and even if you offered the most perfect explanation he will act like he gets it, then go back to being totally ignorant 30 minutes later.  

[jonmx 2,201]

The market is down about 10-15% the last few days.   I expect a lot of big money will be accumulating on this deep.  

[Cdub100 3,689]

41 minutes ago, peenie said:

Will you guys teach me how to invest in crypto?
I asked my brother-in-law to invest my money in SOL over a year ago and he didn't. 
The choices he made has lost money instead of gained. 
I have my coins in a Trust wallet. 
How to I sell the bad coins?
It's like weird coins. He said if I sold them, I wouldn't get the money out of it due to fees and to just leave it. 

No, we tried and you named called and didn't appreciate the help. Just like Real Tim you're not worth the effort.

[RaiderHaters Revenge 4,047]

52 minutes ago, peenie said:

Will you guys teach me how to invest in crypto?
I asked my brother-in-law to invest my money in SOL over a year ago and he didn't. 
The choices he made has lost money instead of gained. 
I have my coins in a Trust wallet. 
How to I sell the bad coins?
It's like weird coins. He said if I sold them, I wouldn't get the money out of it due to fees and to just leave it. 

teleport back to 2018

buy crypto when we told you

profit

I had a sell order at 99k so I am sitting without BTC currently

thinking buy order at 85 ish?

thoughts

as far as your brother, hes dumb, you sell them and put them in something else you dont pay fees

put some money in fun coins like Shibu for excitement and long game fun hope it ever hits .001 cent

put 30% into btc, 30% into ethereum and find a few others you want to gamble with

the only way to learn is to do it yourself, not listen to a message board

 

 

[Cdub100 3,689]

5 minutes ago, RaiderHaters Revenge said:

teleport back to 2018

buy crypto when we told you

profit

I had a sell order at 99k so I am sitting without BTC currently

thinking buy order at 85 ish?

thoughts

as far as your brother, hes dumb, you sell them and put them in something else you dont pay fees

put some money in fun coins like Shibu for excitement and long game fun hope it ever hits .001 cent

put 30% into btc, 30% into ethereum and find a few others you want to gamble with

the only way to learn is to do it yourself, not listen to a message board

 

 

Someone in this thread had a great strategy I wish I followed. Basically when BTC hits X9 they sell. When it hits X1or X0 they buy. Looking at price action that's a winning strat IMO.

Right now that might be tough in the banana zone and the following down trend. 

But year I'd buy back in at 91 or 90, We know it's going to 140+ so don't miss the train. 

[jonmx 2,201]

1 hour ago, peenie said:

Will you guys teach me how to invest in crypto?
I asked my brother-in-law to invest my money in SOL over a year ago and he didn't. 
The choices he made has lost money instead of gained. 
I have my coins in a Trust wallet. 
How to I sell the bad coins?
It's like weird coins. He said if I sold them, I wouldn't get the money out of it due to fees and to just leave it. 

 

The simplest way in open a account at one of the big crypto brokers like Coinbase, Kracken or Robinhood.  Transfer money from your bank account to that account, and just buy from whatever coins they deal in, which should be a hundred plus different ones.  Their apps are easy to use, but there are fees involved like less than 1 percent in each trade.  

SOL is still good.  

  

[RaiderHaters Revenge 4,047]

1 minute ago, Cdub100 said:

Someone in this thread had a great strategy I wish I followed. Basically when BTC hits X9 they sell. When it hits X1or X0 they buy. Looking at price action that's a winning strat IMO.

Right now that might be tough in the banana zone and the following down trend. 

But year I'd buy back in at 91 or 90, We know it's going to 140+ so don't miss the train. 

I feel like its going to dip a little more, maybe avg in half now have 85

yes I have been doing the 1-9 theory since inception

 

[Cdub100 3,689]

10 minutes ago, RaiderHaters Revenge said:

I feel like its going to dip a little more, maybe avg in half now have 85

yes I have been doing the 1-9 theory since inception

 

That's a good idea.

[peenie 1,812]

No, no, no, you guys are misunderstanding my request. 
I own BTC and ETH.
I purchased it a long time ago, thanks for suggesting it.

What I was asking, was how to sell other weirdo coins. 
Never mind, I'll figure it out...

 

[jonmx 2,201]

2 hours ago, peenie said:

No, no, no, you guys are misunderstanding my request. 
I own BTC and ETH.
I purchased it a long time ago, thanks for suggesting it.

What I was asking, was how to sell other weirdo coins. 
Never mind, I'll figure it out...

 

If you have an account on an exchange, you can send your coins there and trade them for whatever coins they support. 

[Cdub100 3,689]

22 hours ago, jonmx said:

If you have an account on an exchange, you can send your coins there and trade them for whatever coins they support. 

Don't waste your time. She will never get it. Then blame you after trying to help her.

[Cdub100 3,689]

On 11/26/2024 at 1:33 PM, RaiderHaters Revenge said:

I feel like its going to dip a little more, maybe avg in half now have 85

yes I have been doing the 1-9 theory since inception

 

I bought at x2

[jonmx 2,201]

On 11/26/2024 at 11:34 AM, jonmx said:

The market is down about 10-15% the last few days.   I expect a lot of big money will be accumulating on this deep.  

It has already gained back more than half.

[BiPolarBear 479]

On the NYSE, I have PLTR, SOFI, and COHR long term. These were all moonshots. One thing they have in common is that they are all US based. 

I got into crypto and bought some older projects based in the US: HBAR, ALGO, and ADA. Now Trump wants to promote US base crypto and has proposed having 4 US based cryptos trade with no capital gains taxes. I slopped into owning 3 of the 4 coins, lol. 

This is my first crypto bullrun. I know I have to take profits and not watch the values of my holdings tank.

In general terms, I think crypto will enjoy far wider adoption in the near term. Governments are adopting and Whales are loading up. 

 

[Frozenbeernuts 1,883]

Bought $DEAL at about 90k market cap last week. Currently sitting at 415k. Getting some solid insider info on coins. The meme coin market isn't doing great right now so I'm not crushing it yet like I had hoped, but I have a few that have run up nicely.

Sold half my bag once I tripled my investment. Sitting on the rest for now. When it doubles from here I will be taking a little more off the table.

$OMEGA is going to have a great run. Bought in initially at 5 mil mc. Ran up over 50 at one point. Sitting at 21mil now which is a good buy point imo.

I round tripped $KOTO. Bought at 6mil. Ran to 18. Didn't take profit and now it's below my initial buy. I plan to scoop some more eventually. The guy running it is tied to Elon somehow.

I am waiting with a nice chunk in USDC. Too many people I trust expect a dip into the 70s for bitcoin. Meme coins will not run hard overall until bitcoin is firmly above 100k.

[RaiderHaters Revenge 4,047]

anyone have any micro coins to play with that are potential risers?

I like having 143 million coins rather than my .1 btc, 7 eth etc

[Cdub100 3,689]

1 hour ago, RaiderHaters Revenge said:

anyone have any micro coins to play with that are potential risers?

I like having 143 million coins rather than my .1 btc, 7 eth etc

It's really hard to find micros with all the rugs

[lickin_starfish 1,786]

I'm gonna ride XRP to an early retirement. 

[Frozenbeernuts 1,883]

18 hours ago, RaiderHaters Revenge said:

anyone have any micro coins to play with that are potential risers?

I like having 143 million coins rather than my .1 btc, 7 eth etc

94bevwEyu9GoaF4tsKoc9Su4GPQcqYZxJH2ocPzypump

I like $DEAL

looking for $1 mill to a few million.

[jonmx 2,201]

57 minutes ago, lickin_starfish said:

I'm gonna ride XRP to an early retirement. 

 

XRP has had a spectacular run in the last month, but it now has a massive market cap and is overvalued.   It has more downside than upside.   Long-term something like ICP is probably the better retirement plan as it has a much higher upside, has much more utility and is much faster.

[Cdub100 3,689]

I hate XRP. I don't like their politics and I don't understand what they do.

[Frozenbeernuts 1,883]

1 hour ago, Cdub100 said:

I hate XRP. I don't like their politics and I don't understand what they do.

Some kind of payment layer specifically designed to help banks. I won't touch it

[Frozenbeernuts 1,883]

MOG getting listed on Coinbase.

[lod001 1,330]

Just broke thru $100k. 

[Frozenbeernuts 1,883]

I was waiting for it and I missed it. Congrats to those making money.

If only there was a way to tell that this was going to happen so that the no coiners knew. Dang.

[easilyscan 716]

 

1 hour ago, lod001 said:

Just broke thru $100k. 

https://www.binance.com/en/price/bitcoin

https://robinhood.com/us/en/stocks/MSTR/

[The Real timschochet 5,232]

Congrats to those who have done well on this. But is it like a stock where you have to sell it to make money? Is now the time to sell or are you guys expecting it to keep going up? 

[jonmx 2,201]

43 minutes ago, The Real timschochet said:

Congrats to those who have done well on this. But is it like a stock where you have to sell it to make money? Is now the time to sell or are you guys expecting it to keep going up? 

 

It is not even remotely close to topping out.  It is a vastly superior form of money than the fiat money system we use which is an albatross around our necks holding every country hostage to the central banking system.  Debt-based currency is highly inefficient, it is counterfeitable, and it inherently straps us down with massive debt we can never pay back.  The world would be far richer and so much better off moving to crypto-currencies.     

[easilyscan 716]

1 hour ago, jonmx said:

 

It is not even remotely close to topping out.  It is a vastly superior form of money than the fiat money system we use which is an albatross around our necks holding every country hostage to the central banking system.  Debt-based currency is highly inefficient, it is counterfeitable, and it inherently straps us down with massive debt we can never pay back.  The world would be far richer and so much better off moving to crypto-currencies.     

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