But with the exception of the last 3 days no one who has bought bitcoin over the last 6 months is showing a profit.
Not necessarily true. I buy on the lows. With Bitcoin's volatility, you want to make sure you buy when it's down. At today's price, I'm up on the Bitcoin I purchased over the last 3 months.
But with the exception of the last 3 days no one who has bought bitcoin over the last 6 months is showing a profit.
Not necessarily true. I buy on the lows. With Bitcoin's volatility, you want to make sure you buy when it's down. At today's price, I'm up on the Bitcoin I purchased over the last 3 months.
I was filling up the car on Thanksgiving and the little video on the pump was advertising the new kiosk inside the station where you can cash in or buy bitcoin. Was a Terrible Herbst in Las Vegas.
@bigjpst said:
I was filling up the car on Thanksgiving and the little video on the pump was advertising the new kiosk inside the station where you can cash in or buy bitcoin. Was a Terrible Herbst in Las Vegas.
Yep I just checked the local coinstar for silver, tray was empty but did see a message that you could buy bitcoins right there at the kiosk. I still believe it will ultimately go to $0. Crazy world.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I don't mind the volitivity. Its money I can lose is how it started. When it's down I buy some BTC and when it's up I sell a percent or two into a lagging coin. When that coin flips then sell back into BTC. It just seems to work out. The gains aren't super big.
Have been diverting all my ebay West Point National Park quarter profits in paypal to BC now that my paypal account offers it. 1.5% comm. ea. way with trades over $1K.
Snagged a couple of B-coins with my Robinhood account a week ago.
I've invested in XRP before blowout just because I always thought if there's any Crypto that's going to be adopted by mainstream- probably xrp bc they have swum above water, and have treaded to establish that "ripple" in our wake. Whatever that means? Nothing really, just a lot of FOMO people's helping the cause.
I took a ride on crypto currency a couple of years ago for the novelty, and also for the promise of a medium of exchange more cleanly reflecting supply/demand. I wasn't necessarily misunderstanding the dangers of any disruption, but I was fascinated.
I still am, but I'm lying low and watching now. The impact of the disruption remains as uncertain as it was then.
Only 4x? thats a bit weak My TSLA stock is up over 10x in the last year. Since that Tesla $1,000 thread, TSLA has now almost tripled with another ATH today. I do own btc too and mentioned it in that thread, I've made a bunch with my bitcoins too this year. There was a clear buy signal back in January for btc for anyone paying attention where I added significantly. Most don't understand or appreciate it but people are free to think whatever.
Bitcoin still hasn't been getting much attention relatively compared to years before. New mkt cap peaks, it just set a #2 highest history ever, halving, huge volume spikes through the exchange paypal uses, etc. Tulips didn't keep re-inflating repeatedly higher, bear/bull cycles are always in play with things. btc clearly shifted last year from a major bear to bull cycle.
I expect next year to be more interesting for btc than this year. Guess I should go find that tesla $1,000 thread to bump
TSLA has been amazing. My investopedia account (Investment simulator) I've been working on for ten years is near 25M. Yeah, that's millions and it's been mostly TSLA and popup solar stuff. In/out- low/hi- repeat, just watching the industry and graphs. At least with btc and the alts I got a real foot in the door.
@derryb said:
Tesla? Pure speculation, the product speaks for itself
One anecdotal example that in the whole is irrelevant with a recall applied to a minority of cars to address. Doesn't affect the fact they're profitable with sizable margins while still expanding like crazy with increasing orders and backlogs. Routinely highest customer satisfaction of all brands practically every year including 2020 besides topping safety in so many ways. Tesla's biggest problem is keeping up with the demand/expansion as the product screams how incredible it is, multi-month backlogs are typical.
There's always going to be naysayers out there, best to separate fact from fiction. Its in a growth phase and the market will evaluate it primarily on that metric. We can re-examine in 5-10yrs how things worked out, just like that guy in the Apple overpriced $500 thread 5+ yrs ago(AAPL is north of several thousand now with the multiple splits where I noted Apple was a good value then)
What's $3000 to the deep pocket Bitcoin holders? I would guess many are thankful this morning that they spent their Bitcoin yesterday and didn't receive one as payment for a large ticket item.
As with all currency, bitcoin's value comes only and directly from peoples' willingness to accept it as a form of payment. The lack of strong growth in merchant acceptability of bitcoin tells me that the current climb to a price of $19K is and has always been purely speculator driven. Question is "will the speculators continue to drive the price up or or will they realize that added value can only be derived by willingness to accept it as a form of payment?"
I'm in the "speculators don't think that hard" camp (they alone are responsible for its climb from $0) and will continue my bitcoin play, at least for a while.
There are those that claim it has intrinsic value at least equal to what was spent to mine it. I argue that if I spend $100k to dig up a lump of coal, it's still only has the value of a lump of coal, regardless of how much equipment I leased to retrieve it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
As with all currency, bitcoin's value comes only and directly from peoples' willingness to accept it as a form of payment. The lack of strong growth in merchant acceptability of bitcoin tells me that the current climb to a price of $19K is and has always been purely speculator driven.
One of the reasons transacting in actual bitcoin has not become popular:
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Some talking heads believe bitcoin will hit $300,000. The $7 per transaction is too high and needs to be lowered for it really to kick in as a transaction vehicle.
Bitcoin is also helping keep gold down. imo
@TPGS said:
Some talking heads believe bitcoin will hit $300,000. The $7 per transaction is too high and needs to be lowered for it really to kick in as a transaction vehicle.
Bitcoin is also helping keep gold down. imo
agree. Speculators are looking for alternatives to Wall St.
Crypto movement since its birth is promising fortunes to the younger investors. Older gold bugs, such as myself are now embracing the growth that speculators have brought to the BitTulip game.
So, yes, some of my PM purchases have become BC purchases. Took a while to get used to the volatility I found with silver. BC will require much more patience and acceptance.
While PM prices are dampened with BC gains, look for a massive influx of PM buyers when BC holders see good reason to sell.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
There are pitfalls with any speculation and Bitcoin has several Achilles Heels. It may work out, but I would have a fair amount of concern that Bitcoin isn't as secure as it's cracked-up to be. It does have appeal as a way to keep some liquidity out of the banking system's paws.
Q: Are You Printing Money? Bernanke: Not Literally
I just sent a fractional bitcoin in to be graded. Came back ES (Electron State) 67 which was a bit disappointing. Turns out after it was used to buy a pizza it subsequently wound up funding a drug deal before I purchased it. Illicit transactions tend to lower the grade. Now if I have any hope of turning a profit, I'll have to hodl until the value of the underlying electrons go up.
My little six-card Etherium miner is doing a nice $7/day, the others are fpga miners working on Nimiq and 0xbtc. They do about $5. It just keeps on going through the cycles.
@66Tbird said:
My little six-card Etherium miner is doing a nice $7/day, the others are fpga miners working on Nimiq and 0xbtc. They do about $5. It just keeps on going through the cycles.
@66Tbird said:
My little six-card Etherium miner is doing a nice $7/day, the others are fpga miners working on Nimiq and 0xbtc. They do about $5. It just keeps on going through the cycles.
Nothing like wasting electricity just to create an imaginary digit. We are certainly doomed as a species. Crazy world. Semper Fi!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Lost nothing myself, markets fluctuate. Too bad it missed my 15k alert to add some more Take advantage of markets when they offer discounts, more important to look at markets and analyze trends and trend shifts. Sounds like this was your first btc whale sighting, more interesting to view them through exchange volumes(not the first nor the last)
BTC 21.7k currently, will likely retest 20k at some point(seems like short term is too bullish right now with the all time high). Will wait for the trend shift myself. I watch weekly candles, too much noise in dailies and have other things to look over. Why the interest in a minor fluctuation?
@66Tbird said:
My little six-card Etherium miner is doing a nice $7/day, the others are fpga miners working on Nimiq and 0xbtc. They do about $5. It just keeps on going through the cycles.
Did you say $7 per day?
Just checking
I know some early miners made a lot of money
@66Tbird said:
My little six-card Etherium miner is doing a nice $7/day, the others are fpga miners working on Nimiq and 0xbtc. They do about $5. It just keeps on going through the cycles.
Nothing like wasting electricity just to create an imaginary digit. We are certainly doomed as a species. Crazy world. Semper Fi!
I mined the first big BTC price cycle to not only set a power consumption precedent used to determine my maximum allowable solar array size, I then sold that mined BTC to purchase about half of the array. My summer kwh production is just over 100kwh, and my winter is 70kwh. So my mining has been free since my solar ROI'd some time ago.
As far as imaginary digits, it's just as imaginary as a credit card I figure. I placed a bullion order with BTC and it arrived usps. I cashed out at the local coin shop. Crazy world indeed.
@66Tbird said:
My little six-card Etherium miner is doing a nice $7/day, the others are fpga miners working on Nimiq and 0xbtc. They do about $5. It just keeps on going through the cycles.
Did you say $7 per day?
Just checking
I know some early miners made a lot of money
@TPGS said:
Some talking heads believe bitcoin will hit $300,000. The $7 per transaction is too high and needs to be lowered for it really to kick in as a transaction vehicle.
Bitcoin is also helping keep gold down. imo
Reality generally always lies in the middle somewhere, not with any extreme outlier thoughts. How many gold 10k people were there back in 2011? BCH far better transactional vehicle than btc, its a mistaken premise to think one crypto must do anything and everything and time will kill off lots of them as theres too many.
Likely at least 3 should survive/thrive, btc has likely cemented itself as one of them. You'll likely see greater gains than btc in correctly identifying other survivors while BTC steals the headlines/does the heavy lifting like it just trading over 24k. Silver has benefits over gold and vice versa.
@66Tbird said:
I mined the first big BTC price cycle to not only set a power consumption precedent used to determine my maximum allowable solar array size, I then sold that mined BTC to purchase about half of the array. My summer kwh production is just over 100kwh, and my winter is 70kwh. So my mining has been free since my solar ROI'd some time ago.
As far as imaginary digits, it's just as imaginary as a credit card I figure. I placed a bullion order with BTC and it arrived usps. I cashed out at the local coin shop. Crazy world indeed.
Solar has been a great investment, everyone should look into it more and pencil out their own situations. Solar investments have been great as well lately, better then btc even. My panels paid for themselves faster than I expected for 2 main reasons, they're conservative on production figures and energy cost increases in my area have exceeded yearly norms.
When major places like Apmex, Jmbullion, etc accept crypto, it provides plenty of credence. They're actually expanding too like JM now notes "We accept BTC, BCH, ETH, 4 USD-pegged stablecoins, and XRP". I think its likely BCH/ETH/XRP will outperform BTC until its next major trend shift. Always watch for major trend shifts in everything.
When major places like Apmex, Jmbullion, etc accept crypto, it provides plenty of credence. They're actually expanding too like JM now notes "We accept BTC, BCH, ETH, 4 USD-pegged stablecoins, and XRP". I think its likely BCH/ETH/XRP will outperform BTC until its next major trend shift. Always watch for major trend shifts in everything.
For sure ETH and XRP. Don't know about BCH. Only because I really don't know much about BCH from a white paper point of view.
Well, it's been a great run. Everything but XRP that is. I'm seriously considering converting a mid-level percentage into a stable coin for yet another cycle. Yet there are different circumstances with this run-up. Like the institutional investors buying up more than twice what was mined over the last couple of months. Then there is crypto-friendly Biden admin. XRP sell-off moving into other vehicles. Derivative volume going against the norm. Arrrg, It's so confusing, deep breath, take your time, and wrap your mind around the big picture. Check charts, history, event triggers, futures, news, search statistics, I can do this, I've been doing this, but it's a bigger number than I've ever dealt with. Or do I cash out, buy the house next door and rent it out. Trading into a sure thing or holding onto what could be an even bigger windfall with BTC and its tag-along buddies. Another deep breath and a reminder to myself, it's a good problem to have.
@66Tbird said:
Check charts, history, event triggers, futures, news, search statistics, I can do this, I've been doing this, but it's a bigger number than I've ever dealt with. Or do I cash out, buy the house next door and rent it out. Trading into a sure thing or holding onto what could be an even bigger windfall with BTC and its tag-along buddies. Another deep breath and a reminder to myself, it's a good problem to have.
Usually a sign you're overly invested if getting emotional on anything, always plenty of other good stuff out there. Can always trim a position down. Would like to see btc settle down a little bit here, its had outsized gains lately. Haven't sold any lately myself, just some good LOLs seeing it move like 10k up in a week.
Remember the guy in Britain who wanted to mine the local garbage dump for his lost hard drive containing his initial bitcoin accumulation a few years ago and the local authorities wouldn't allow it.
Now think how much garbage has been added on top since.
I think bitcoin was worth around $2000 at that time.
@Cuprinkor said:
Remember the guy in Britain who wanted to mine the local garbage dump for his lost hard drive containing his initial bitcoin accumulation a few years ago and the local authorities wouldn't allow it.
Now think how much garbage has been added on top since.
I think bitcoin was worth around $2000 at that time.
same party risk
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
At today's bitcoin price if you had thrown a $100 bill at bitcoin when it first went public back in 2009 and cashed out now, you'd have $1.1 BILLION before taxes.
The whole cryptocurrency idea seemed anathema to us hard money people.
Comments
Awesome, my miners are now ROI'ing and I convert the junk coins to BTC when the ratios are right. It's up 10+% in three days.
But with the exception of the last 3 days no one who has bought bitcoin over the last 6 months is showing a profit.
Knowledge is the enemy of fear
Not necessarily true. I buy on the lows. With Bitcoin's volatility, you want to make sure you buy when it's down. At today's price, I'm up on the Bitcoin I purchased over the last 3 months.
What i wrote is absolutely true.
Knowledge is the enemy of fear
I was filling up the car on Thanksgiving and the little video on the pump was advertising the new kiosk inside the station where you can cash in or buy bitcoin. Was a Terrible Herbst in Las Vegas.
My Ebay Store
Yep I just checked the local coinstar for silver, tray was empty but did see a message that you could buy bitcoins right there at the kiosk. I still believe it will ultimately go to $0. Crazy world.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I don't mind the volitivity. Its money I can lose is how it started. When it's down I buy some BTC and when it's up I sell a percent or two into a lagging coin. When that coin flips then sell back into BTC. It just seems to work out. The gains aren't super big.
Dragging this to the top because I really hope some of you jumped on board. It's another great ride this year.
Have been diverting all my ebay West Point National Park quarter profits in paypal to BC now that my paypal account offers it. 1.5% comm. ea. way with trades over $1K.
Snagged a couple of B-coins with my Robinhood account a week ago.
Paypal has turned cryptos into a currency
"PayPal becomes an unregulated savings bank essentially." Wonder how long before the regulators step in?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Thank you for the reminder about Pp. I'd totally forgot they are doing that now.
I've invested in XRP before blowout just because I always thought if there's any Crypto that's going to be adopted by mainstream- probably xrp bc they have swum above water, and have treaded to establish that "ripple" in our wake. Whatever that means? Nothing really, just a lot of FOMO people's helping the cause.
I took a ride on crypto currency a couple of years ago for the novelty, and also for the promise of a medium of exchange more cleanly reflecting supply/demand. I wasn't necessarily misunderstanding the dangers of any disruption, but I was fascinated.
I still am, but I'm lying low and watching now. The impact of the disruption remains as uncertain as it was then.
Here's a warning parable for coin collectors...
I'm glad I bought more earlier this year! It's up 4x since then!
Only 4x? thats a bit weak
My TSLA stock is up over 10x in the last year. Since that Tesla $1,000 thread, TSLA has now almost tripled with another ATH today. I do own btc too and mentioned it in that thread, I've made a bunch with my bitcoins too this year. There was a clear buy signal back in January for btc for anyone paying attention where I added significantly. Most don't understand or appreciate it but people are free to think whatever.
Bitcoin still hasn't been getting much attention relatively compared to years before. New mkt cap peaks, it just set a #2 highest history ever, halving, huge volume spikes through the exchange paypal uses, etc. Tulips didn't keep re-inflating repeatedly higher, bear/bull cycles are always in play with things. btc clearly shifted last year from a major bear to bull cycle.
I expect next year to be more interesting for btc than this year. Guess I should go find that tesla $1,000 thread to bump
TSLA has been amazing. My investopedia account (Investment simulator) I've been working on for ten years is near 25M. Yeah, that's millions and it's been mostly TSLA and popup solar stuff. In/out- low/hi- repeat, just watching the industry and graphs. At least with btc and the alts I got a real foot in the door.
Tesla? Pure speculation, the product speaks for itself
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
One anecdotal example that in the whole is irrelevant with a recall applied to a minority of cars to address. Doesn't affect the fact they're profitable with sizable margins while still expanding like crazy with increasing orders and backlogs. Routinely highest customer satisfaction of all brands practically every year including 2020 besides topping safety in so many ways. Tesla's biggest problem is keeping up with the demand/expansion as the product screams how incredible it is, multi-month backlogs are typical.
Tesla rollover fail:
https://youtube.com/watch?v=L24xzJkCGdk
There's always going to be naysayers out there, best to separate fact from fiction. Its in a growth phase and the market will evaluate it primarily on that metric. We can re-examine in 5-10yrs how things worked out, just like that guy in the Apple overpriced $500 thread 5+ yrs ago(AAPL is north of several thousand now with the multiple splits where I noted Apple was a good value then)
EZ come EZ go?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
What's $3000 to the deep pocket Bitcoin holders? I would guess many are thankful this morning that they spent their Bitcoin yesterday and didn't receive one as payment for a large ticket item.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
buy the dip
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Pass the gravy.
This one looks better
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
As with all currency, bitcoin's value comes only and directly from peoples' willingness to accept it as a form of payment. The lack of strong growth in merchant acceptability of bitcoin tells me that the current climb to a price of $19K is and has always been purely speculator driven. Question is "will the speculators continue to drive the price up or or will they realize that added value can only be derived by willingness to accept it as a form of payment?"
I'm in the "speculators don't think that hard" camp (they alone are responsible for its climb from $0) and will continue my bitcoin play, at least for a while.
There are those that claim it has intrinsic value at least equal to what was spent to mine it. I argue that if I spend $100k to dig up a lump of coal, it's still only has the value of a lump of coal, regardless of how much equipment I leased to retrieve it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I have a little. It's an expensive piggy bank needing electricity , in my opinion. Time will tell.
One of the reasons transacting in actual bitcoin has not become popular:
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Some talking heads believe bitcoin will hit $300,000. The $7 per transaction is too high and needs to be lowered for it really to kick in as a transaction vehicle.
Bitcoin is also helping keep gold down. imo
agree. Speculators are looking for alternatives to Wall St.
Crypto movement since its birth is promising fortunes to the younger investors. Older gold bugs, such as myself are now embracing the growth that speculators have brought to the BitTulip game.
So, yes, some of my PM purchases have become BC purchases. Took a while to get used to the volatility I found with silver. BC will require much more patience and acceptance.
While PM prices are dampened with BC gains, look for a massive influx of PM buyers when BC holders see good reason to sell.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
There are pitfalls with any speculation and Bitcoin has several Achilles Heels. It may work out, but I would have a fair amount of concern that Bitcoin isn't as secure as it's cracked-up to be. It does have appeal as a way to keep some liquidity out of the banking system's paws.
I knew it would happen.
I wish I bought more last March. It's hard to swallow the current price levels which drives my average acquisition cost up.
I just sent a fractional bitcoin in to be graded. Came back ES (Electron State) 67 which was a bit disappointing. Turns out after it was used to buy a pizza it subsequently wound up funding a drug deal before I purchased it. Illicit transactions tend to lower the grade. Now if I have any hope of turning a profit, I'll have to hodl until the value of the underlying electrons go up.
you're in luck, it just broke $20,700.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
My little six-card Etherium miner is doing a nice $7/day, the others are fpga miners working on Nimiq and 0xbtc. They do about $5. It just keeps on going through the cycles.
WOW, I'm really old and clueless!
Nothing like wasting electricity just to create an imaginary digit. We are certainly doomed as a species. Crazy world. Semper Fi!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Lost nothing myself, markets fluctuate. Too bad it missed my 15k alert to add some more Take advantage of markets when they offer discounts, more important to look at markets and analyze trends and trend shifts. Sounds like this was your first btc whale sighting, more interesting to view them through exchange volumes(not the first nor the last)
BTC 21.7k currently, will likely retest 20k at some point(seems like short term is too bullish right now with the all time high). Will wait for the trend shift myself. I watch weekly candles, too much noise in dailies and have other things to look over. Why the interest in a minor fluctuation?
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
You have to admit..........it's funny
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Did you say $7 per day?
Just checking
I know some early miners made a lot of money
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
I mined the first big BTC price cycle to not only set a power consumption precedent used to determine my maximum allowable solar array size, I then sold that mined BTC to purchase about half of the array. My summer kwh production is just over 100kwh, and my winter is 70kwh. So my mining has been free since my solar ROI'd some time ago.
As far as imaginary digits, it's just as imaginary as a credit card I figure. I placed a bullion order with BTC and it arrived usps. I cashed out at the local coin shop. Crazy world indeed.
I miss those $50-60 days.
Reality generally always lies in the middle somewhere, not with any extreme outlier thoughts. How many gold 10k people were there back in 2011? BCH far better transactional vehicle than btc, its a mistaken premise to think one crypto must do anything and everything and time will kill off lots of them as theres too many.
Likely at least 3 should survive/thrive, btc has likely cemented itself as one of them. You'll likely see greater gains than btc in correctly identifying other survivors while BTC steals the headlines/does the heavy lifting like it just trading over 24k. Silver has benefits over gold and vice versa.
Solar has been a great investment, everyone should look into it more and pencil out their own situations. Solar investments have been great as well lately, better then btc even. My panels paid for themselves faster than I expected for 2 main reasons, they're conservative on production figures and energy cost increases in my area have exceeded yearly norms.
When major places like Apmex, Jmbullion, etc accept crypto, it provides plenty of credence. They're actually expanding too like JM now notes "We accept BTC, BCH, ETH, 4 USD-pegged stablecoins, and XRP". I think its likely BCH/ETH/XRP will outperform BTC until its next major trend shift. Always watch for major trend shifts in everything.
>
For sure ETH and XRP. Don't know about BCH. Only because I really don't know much about BCH from a white paper point of view.
go with what the whales go for. they are the price drivers at the moment.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Well, it's been a great run. Everything but XRP that is. I'm seriously considering converting a mid-level percentage into a stable coin for yet another cycle. Yet there are different circumstances with this run-up. Like the institutional investors buying up more than twice what was mined over the last couple of months. Then there is crypto-friendly Biden admin. XRP sell-off moving into other vehicles. Derivative volume going against the norm. Arrrg, It's so confusing, deep breath, take your time, and wrap your mind around the big picture. Check charts, history, event triggers, futures, news, search statistics, I can do this, I've been doing this, but it's a bigger number than I've ever dealt with. Or do I cash out, buy the house next door and rent it out. Trading into a sure thing or holding onto what could be an even bigger windfall with BTC and its tag-along buddies. Another deep breath and a reminder to myself, it's a good problem to have.
Stick with the main attraction, it gets the most "love."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Usually a sign you're overly invested if getting emotional on anything, always plenty of other good stuff out there. Can always trim a position down. Would like to see btc settle down a little bit here, its had outsized gains lately. Haven't sold any lately myself, just some good LOLs seeing it move like 10k up in a week.
Remember the guy in Britain who wanted to mine the local garbage dump for his lost hard drive containing his initial bitcoin accumulation a few years ago and the local authorities wouldn't allow it.
Now think how much garbage has been added on top since.
I think bitcoin was worth around $2000 at that time.
same party risk
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
At today's bitcoin price if you had thrown a $100 bill at bitcoin when it first went public back in 2009 and cashed out now, you'd have $1.1 BILLION before taxes.
The whole cryptocurrency idea seemed anathema to us hard money people.