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For the Bitcoin Bros - $400,000 in 2021?
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voyager app is an alternative to coinbase. They pay interest on coins. Coinbase is considered the gold standard mainstream wise but there are tons of crypto exchanges. It gets complicated. Voyager and coinbase are the easiest to navigate. Voyager app pays 8.5% APR on USDC which is the same as cash not FDIC insured. I have both apps. Voyager is publicy traded and has their own coin that you can buy to boost interest rates. https://www.investvoyager.com/app/
Voyager has been getting shit on a bit but mainly because their growth has been insane. I have used it since January with little issue. No desk top version yet. Their support is lacking. Stock symbol https://www.marketwatch.com/investing/stock/vygvf
You could buy 10 or 15k of bitcoin for exposure. There are so many coins that could 10 to 50x. AAVE coin has a 70,000% return in one year. AAVE peaked $500 bucks a coin and you could have bought it for $.05 cents a year ago. Polkadot & Chainlink I believe are 1000% return. Enj coin 3000%. Tons of coins like this.
AVAX (Avalanche) could be a $1000 dollar coin trading at $38 dollars (voyager app)
Ethereum is considered the next trillion dollar coin which you could buy instead of Bit.
Some say just buy bitcoin and Ethereum and nothing else. Hard to argue that but the explosive growth in altcoins is hard to pass up.
If I had 60k to burn on crypto, 25k into bit and Eth, and the remaining 10k I would put into various coins. This would be a long-term approach. If you want to attempt wild gains in the next year or two. You could turn that 60k into a couple million.
There are other exchanges like uniswap but you need ethereum to buy through it to pay for "gas" fees and download metamask onto your browser and do a bunch of transfer bullshit that I am not willing to do but it does expand your coin options.
My exposure is low but it's fun right now because coins are riding the wave right now.
This guy is awesome, tons of videos and good data:
https://www.youtube.com/watch?v=zRJslqJJRJs
Another resource guy: https://www.youtube.com/channel/UCl2oCaw8hdR_kbqyqd2klIA
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That's about 75% of it.Doog_de_Jour said:
I keep praying to the financial gods that I’ll just blunder my way into something on big on the ground floor like a lot of these rich assholes.RoadDawg55 said:
Same. I had a friend go in heavy in 2017 but I thought it was too late because it was already mainstream. He told me I would regret not buying some. I was taught or at least self taught to think that once the average Joe finds out about something it’s too late.Doog_de_Jour said:I was so convinced crypto was this generation’s tulip craze. I’m kicking myself for not buying a little early on just for funsies.
Fuck me and my overly conservative investment strategies.
One of the wealthiest people I know admitted to me, “yes, I worked hard...but a lot of it was just being lucky enough to be in the right place at the right time.”
Lots of smart people, lots of hard working people but right place/right time accounts for a shitload of it. Know plenty of Microsoft/Amazon millionaires and, quite honestly, there are 50 regular posters here just as smart, just as witty, just as whatever.....
God forbid you ever point that out to any of them though.
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For the crypto experts, what is this? Should I do this since I bought as a long-term hold, anyways?
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How did you buy it?DerekJohnson said:
I made my first purchase two days ago. Same rationale.BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
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Coinbase app.Doog_de_Jour said:
How did you buy it?DerekJohnson said:
I made my first purchase two days ago. Same rationale.BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
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Yes, stake it.
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How?jecornel said:Yes, stake it.
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THIS is about as good an explanation for why I should do it that I've seen. Still, I feel like I just really don't understand it enough and it would be a complete leap of faith.BuffBuffPass said:BleachedAnusDawg said:
Yeah, $60+k right now for one coin. If I had a million in the bank $60k would still be too big a risk to me. I don't have the funds to do much gambling versus long-term security right now.creepycoug said:
If it goes up to 400? What odds do we? need for that to happen before you roll $60,000? Unless I'm misunderstanding ... you need $60k for one bitcoin, right?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
This is what people misunderstand. Bitcoin is the long term safety net. It's the hedge against countries with insane monetary policies, including ours. At a minimum it will continue to eat gold's market share of the store of value market but it's the hedge against the psychotic MMT promoters too. -
Coinbase will provide all the prompts. It’s essentially just earning interest on the coin.Baseman said:
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Think of crypto as the wood coin or dial up for internet.
Blockchain solving all kinds of things like supply chain problems, health records and it can fix voting but who wants that!
It will change a ton of shit.creepycoug said:
THIS is about as good an explanation for why I should do it that I've seen. Still, I feel like I just really don't understand it enough and it would be a complete leap of faith.BuffBuffPass said:BleachedAnusDawg said:
Yeah, $60+k right now for one coin. If I had a million in the bank $60k would still be too big a risk to me. I don't have the funds to do much gambling versus long-term security right now.creepycoug said:
If it goes up to 400? What odds do we? need for that to happen before you roll $60,000? Unless I'm misunderstanding ... you need $60k for one bitcoin, right?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
This is what people misunderstand. Bitcoin is the long term safety net. It's the hedge against countries with insane monetary policies, including ours. At a minimum it will continue to eat gold's market share of the store of value market but it's the hedge against the psychotic MMT promoters too.
