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For the Bitcoin Bros - $400,000 in 2021?

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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    Loved Home Grocer 🍑 and Kosmo as a customer.
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  • Kaepsknee
    Kaepsknee Member Posts: 14,919
    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?
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  • jecornel
    jecornel Member Posts: 9,737
    You can buy a dollar of Bitcoin. Coinbase fees are minimal. Voyager does not charge any fees.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,688 Standard Supporter
    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
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  • UWerentThereMan
    UWerentThereMan Member Posts: 3,475
    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

    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/
    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.
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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    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?
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  • creepycoug
    creepycoug Member Posts: 24,337
    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?

    Agreed; except I’m considering Doogcoin. Getting in early. It’s going to blow ... up.

    @Baseman @GrundleStiltzkin any sponsoring comments?
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  • Kaepsknee
    Kaepsknee Member Posts: 14,919
    edited April 2021
    creepycoug said:

    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?

    Agreed; except I’m considering Doogcoin. Getting in early. It’s going to blow ... up.

    @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.
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  • creepycoug
    creepycoug Member Posts: 24,337
    Kaepsknee said:

    creepycoug said:

    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?

    Agreed; except I’m considering Doogcoin. Getting in early. It’s going to blow ... up.

    @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.
    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.
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