For the Bitcoin Bros - $400,000 in 2021?
Comments
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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.
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I strongly recommend listening to this podcast episode ‘Bitcoin, not blockchain’ to fully grasp the difference between blockchain for title/medical records/property that does not exist explicitly in the blockchain itself and Bitcoin. https://open.spotify.com/episode/7rdDV85mbLwIWjnusl9ZU4?si=gY5ABJ94RiOZi0tCz0xnxAjecornel said: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.
Blockchain in the context of Bitcoin is far far more important than anything else implemented with a blockchain. Scammers will use blockchain as a buzzword to take your money and buy more Bitcoin with it. -
Or for those that read good, the article at unchained capital https://unchained-capital.com/blog/bitcoin-not-blockchain/
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Block chain will have more of an impact than crypto currency.jecornel said: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.
Already in discussion on a couple applications with some folk.
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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.”
Essential Markets
Target Growth
Cyber Camps
Web Pe
MyWallet
there's a few more I'm missing. In 1999-2000, I clamored to get in and ended up with a nice tax write off.
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don't get me started on the dot.coms everybody was all lathered up about. Terabeam, Drugstore, HomeGrocer ....Baseman said: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.”
Essential Markets
Target Growth
Cyber Camps
Web Pe
MyWallet
there's a few more I'm missing. In 1999-2000, I clamored to get in and ended up with a nice tax write off. -
WebVan...Pets.com...I wrote checks, lost $creepycoug said:
don't get me started on the dot.coms everybody was all lathered up about. Terabeam, Drugstore, HomeGrocer ....Baseman said: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.”
Essential Markets
Target Growth
Cyber Camps
Web Pe
MyWallet
there's a few more I'm missing. In 1999-2000, I clamored to get in and ended up with a nice tax write off.
-
creepycoug said:
don't get me started on the dot.coms everybody was all lathered up about. Terabeam, Drugstore, HomeGrocer ....Baseman said: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.”
Essential Markets
Target Growth
Cyber Camps
Web Pe
MyWallet
there's a few more I'm missing. In 1999-2000, I clamored to get in and ended up with a nice tax write off.
That was my big one.
But truth be told I was right...it was just many years later and called Amazon Prime Now. 😅 -
Put your 60k in Vechain (VET)
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Why? Coinbase doesn't offer.jecornel said:Put your 60k in Vechain (VET)
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Loved Home Grocer 🍑 and Kosmo as a customer.
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I read that you didn’t have to pony up the whole share price for Bitcoin? You could get in with even $500?
If so, Is that a situation where you get eaten alive by fees and/or get less gains than those that own whole coins? -
You can buy a dollar of Bitcoin. Coinbase fees are minimal. Voyager does not charge any fees.
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About a year ago, when Covid was looking especially grim, yahoo reported another SEC AML crackdown was imminent for crypto with this article https://www.moneylaunderingnews.com/2020/03/treasury-report-targets-money-laundering-risks-in-real-estate-and-gatekeeper-professions/PurpleThrobber said:Well, it was fun while it lasted....
https://finance.yahoo.com/news/bitcoin-price-sunday-18-april-us-treasury-digital-assets-ethereum-litecoin-coinbase-doge-094926937.html
BTC went on sale shortly after (probably a response to covis more than the report itself.
Before:
Within days of the report there was a sizeable selloff
And this chart shows that it was merely a sale at the time.
Not financial advice, but it’s worth considering keeping an eye on and maybe grabbing a few extra sats. -
My huge Bitcoin investment went like this:
1. Grab the loose change jar and take it to QFC
2. Dump the change into the Coinstar machine.
3. Get a $60 credit
4. Realize I chose the wrong grocery store Coinstar to buy Bitcoin
5. Cash out the credit
6. Drive to Safeway and put the $60 into another Coinstar machine and buy like .0008477595927267474737374891 of Bitcoin
7. Profit!
My $60 is now worth a whopping $90 something.
Still not sure I want to put any REAL money into crypto tho. As many of you have said, I don’t really GET it.
Are there crypto mutual funds? -
Agreed; except I’m considering Doogcoin. Getting in early. It’s going to blow ... up.BennyBeaver said:My huge Bitcoin investment went like this:
1. Grab the loose change jar and take it to QFC
2. Dump the change into the Coinstar machine.
3. Get a $60 credit
4. Realize I chose the wrong grocery store Coinstar to buy Bitcoin
5. Cash out the credit
6. Drive to Safeway and put the $60 into another Coinstar machine and buy like .0008477595927267474737374891 of Bitcoin
7. Profit!
My $60 is now worth a whopping $90 something.
Still not sure I want to put any REAL money into crypto tho. As many of you have said, I don’t really GET it.
Are there crypto mutual funds?
@Baseman @GrundleStiltzkin any sponsoring comments? -
Coogcoin was a good investment for a few years. It always crashed hard around Thanksgiving though. After the first 7 times you’d think one would sell before then. But Coogs gotta Coog.creepycoug said:
Agreed; except I’m considering Doogcoin. Getting in early. It’s going to blow ... up.BennyBeaver said:My huge Bitcoin investment went like this:
1. Grab the loose change jar and take it to QFC
2. Dump the change into the Coinstar machine.
3. Get a $60 credit
4. Realize I chose the wrong grocery store Coinstar to buy Bitcoin
5. Cash out the credit
6. Drive to Safeway and put the $60 into another Coinstar machine and buy like .0008477595927267474737374891 of Bitcoin
7. Profit!
My $60 is now worth a whopping $90 something.
Still not sure I want to put any REAL money into crypto tho. As many of you have said, I don’t really GET it.
Are there crypto mutual funds?
@Baseman @GrundleStiltzkin any sponsoring comments? -
At least they let you tim the market. Frankly, I'd sell Coog coin in late July, as hope springs eternal for "this year," then buy again October. Lather, rinse, repeat.Kaepsknee said:
Coogcoin was a good investment for a few years. It always crashed hard around Thanksgiving though. After the first 7 times you’d think one would sell before then. But Coogs gotta Coog.creepycoug said:
Agreed; except I’m considering Doogcoin. Getting in early. It’s going to blow ... up.BennyBeaver said:My huge Bitcoin investment went like this:
1. Grab the loose change jar and take it to QFC
2. Dump the change into the Coinstar machine.
3. Get a $60 credit
4. Realize I chose the wrong grocery store Coinstar to buy Bitcoin
5. Cash out the credit
6. Drive to Safeway and put the $60 into another Coinstar machine and buy like .0008477595927267474737374891 of Bitcoin
7. Profit!
My $60 is now worth a whopping $90 something.
Still not sure I want to put any REAL money into crypto tho. As many of you have said, I don’t really GET it.
Are there crypto mutual funds?
@Baseman @GrundleStiltzkin any sponsoring comments?
