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)
