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Yeah. I know Fozzie Bear does, and I follow it pretty closely. I waited a year to get my money back on Litecoin and sold them the other day around $85 which got me my money back. I started to buy back in at 72, but I said fuck it. I had to wait a year, let's see how far down it will fall. It's 109 currently, so if I would have done so, I would have made a grand in like 10 days. :/ I just keep like 2,300 in there in case. But I'm not buying in right now regardless. My alternative was to buy Chainlink if it hit 11.50, but it only went down to 11.56. Pwnd again. It's now 14.38.
Dicks.
Anyway, I'm more of a stock market guy than a crypto hack because that shit is so unregulated. You can make money, shitloads of it. But who is really making the money and driving hype and scams? Russia? China? North Korea?
I don't want to come off like a crypto guy because those people are generally crazy, but I have a fair amount of BTC, but I would pretty strongly advise against the alt-coins.
Crypto market going bonkers right now. Anyone else invest in it? Interested by it? Feel like the future of money needs a thread
If you invested $1000 in BTC ten years ago, it'd be worth $288M now. That's insane. I'm honestly a little too scared of this all being a giant bubble to want to invest in it though.
Crypto market going bonkers right now. Anyone else invest in it? Interested by it? Feel like the future of money needs a thread
If you invested $1000 in BTC ten years ago, it'd be worth $288M now. That's insane. I'm honestly a little too scared of this all being a giant bubble to want to invest in it though.
tbh if you invested $1000 in BTC ten years ago you were probably doing some very unethical and/or illegal shit.
Yeah. I know Fozzie Bear does, and I follow it pretty closely. I waited a year to get my money back on Litecoin and sold them the other day around $85 which got me my money back. I started to buy back in at 72, but I said fuck it. I had to wait a year, let's see how far down it will fall. It's 109 currently, so if I would have done so, I would have made a grand in like 10 days. :/ I just keep like 2,300 in there in case. But I'm not buying in right now regardless. My alternative was to buy Chainlink if it hit 11.50, but it only went down to 11.56. Pwnd again. It's now 14.38.
Dicks.
Anyway, I'm more of a stock market guy than a crypto hack because that shit is so unregulated. You can make money, shitloads of it. But who is really making the money and driving hype and scams? Russia? China? North Korea?
I did the opposite and bought 1.5 LTC at 80. Was holding 3 3that I bought down at 65.. so now I'm just holding on this wave!!!
Crypto market going bonkers right now. Anyone else invest in it? Interested by it? Feel like the future of money needs a thread
If you invested $1000 in BTC ten years ago, it'd be worth $288M now. That's insane. I'm honestly a little too scared of this all being a giant bubble to want to invest in it though.
I wouldn't invest now but I cannot recommend enough to try to buy in once it's lower again. Mainstream appeal is coming and there's a finite supply. Basically digital gold
If you invested $1000 in BTC ten years ago, it'd be worth $288M now. That's insane. I'm honestly a little too scared of this all being a giant bubble to want to invest in it though.
I wouldn't invest now but I cannot recommend enough to try to buy in once it's lower again. Mainstream appeal is coming and there's a finite supply. Basically digital gold
What's to prevent them from just "making" more bitcoin? Genuine question.
I wouldn't invest now but I cannot recommend enough to try to buy in once it's lower again. Mainstream appeal is coming and there's a finite supply. Basically digital gold
What's to prevent them from just "making" more bitcoin? Genuine question.
Essentially, there isn't a "they" to do it. It's set to only have a certain amount to get mined. But the mining speeds half every once in awhile. Someone did the math and the last btc should be mined in like 2140 or something crazy. LTC is the same way
Post by Silver Surfer on Dec 17, 2020 12:01:36 GMT -5
Some coins are finite, some aren't. Ethereum is a coin but really it's a network that other coins can use, so there's an infinite amount of it. Ripple was originally made with a certain amount, but the creators put more in supply to "balance" it. But really every coin is just a computer algorithm doing what it's told, except for some that's essentially AI
I wouldn't invest now but I cannot recommend enough to try to buy in once it's lower again. Mainstream appeal is coming and there's a finite supply. Basically digital gold
What's to prevent them from just "making" more bitcoin? Genuine question.
kinda hard to explain this without getting into a rabbit hole other than just saying it cant. im sure that inspires confidence
As an early side note to this thread, I did see an article a couple days ago where the IRS is "laying a trap" for future years by asking you a simple question on your 2020 tax return. I'm neither a tax attorney nor tax professional (e.g. Postjack). I'm only putting this out there as a caution.
The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only option is to mark yes or no.
As an early side note to this thread, I did see an article a couple days ago where the IRS is "laying a trap" for future years by asking you a simple question on your 2020 tax return. I'm neither a tax attorney nor tax professional (e.g. Postjack). I'm only putting this out there as a caution.
The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only option is to mark yes or no.
What's to prevent them from just "making" more bitcoin? Genuine question.
Essentially, there isn't a "they" to do it. It's set to only have a certain amount to get mined. But the mining speeds half every once in awhile. Someone did the math and the last btc should be mined in like 2140 or something crazy. LTC is the same way
Very interesting.
I'm very interested in crypto, I just don't know enough about it.
As an early side note to this thread, I did see an article a couple days ago where the IRS is "laying a trap" for future years by asking you a simple question on your 2020 tax return. I'm neither a tax attorney nor tax professional (e.g. Postjack). I'm only putting this out there as a caution.
The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only option is to mark yes or no.
yes, it's just to make sure you are paying capital gains on any crypto sales. so anyone here who doesn't hodl remember you have to pay taxes on your gains via sch D, which could be significant if you got in early.
Yeah. It takes a lot of computing power to mine. I guess if the source was green energy, it wouldn’t be so bad. —————— My friend Ebonie just got gifted about 10.00 worth of Bitcoin from Megan Thee Stallion who was/is giving away Bitcoin on her Twitter or Instagram page.
