Bitcoin

[NrM]

I bought .5 BTC during the dip that I was supposed to use on the closing costs of a condo I'm hoping to eventually buy lol

[NrM]

5 minutes ago, cals said:

Fingers crossed.  I sold about $3K in an underperforming stock to buy another Eth coin+ when it was about $2200 this morning.  We could be morons, we could be geniuses.

Nice. Just hold and be patient. I still think Bitcoin is going to 150k+.

For Ethereum, there's never been a better time to be bullish. EIP - 1559 in 2 months. Merge in October. Layer 2 solutions coming out as we speak which will substantially lower gas fees.

 

150k Bitcoin would give Ethereum a price range of 10,000 - 15,000 

[Tank]

you're all going to lose your shirts over this stuff.

[UndertheHalo]

10 hours ago, Tank said:

you're all going to lose your shirts over this stuff.

Most of them are probably worthless ultimately.  None of them are more worthless than the “NFT’s” which are insane to buy imo.  Ethereum and Bitcoin are decent investments imo, but extremely volatile.  Bitcoin has some real problems with the mining energy costs.  To me, for most cryptos the most obvious practical use is remittance.  Bitcoin is not very good for that because it’s slow.  Many others are much better for that purpose.  Anyway, it’s the big daddy.  It’s a place to store value.  Like gold.  It’ll probably remain that way.  I’ve seen the believers swear up and down that it’s going to $100K plus.  They’ve been right before.  They may be right about that again.  I wouldn’t bet against it.  There’s a ton of serious institutional money in this stuff. It’s not going to go away like tulip bulbs. 

Edited May 20, 2021 by UndertheHalo

[T.G.]

7 hours ago, Tank said:

you're all going to lose your shirts over this stuff.

Have you seen their shirts? Not a huge loss.

[Tank]

9 hours ago, UndertheHalo said:

There’s a ton of serious institutional money in this stuff. It’s not going to go away like tulip bulbs. 

wait, wut? not possible!

i sold tulip bulbs in elementary school. didn't win the grand prize. in fact, i didn't win anything. i was the albert pujols (the angels years) of my class.

[AngelsLakersFan]

16 hours ago, Tank said:

you're all going to lose your shirts over this stuff.

That might put Brandon's dry cleaning guy out of business.

[gotbeer]

US Treasury may require crypto transfers over $10K to be reported to the IRS

[gotbeer]

Bitcoin conspiracy theory time.

Bitcoin dump may have been coordinated sell off to bankrupt one person

[Tank]

3 hours ago, gotbeer said:

US Treasury may require crypto transfers over $10K to be reported to the IRS

never let a good tax opportunity pass you by.

sincerely, your gov't

[failos]

8 hours ago, gotbeer said:

US Treasury may require crypto transfers over $10K to be reported to the IRS

Fuck this communist government 

[gotbeer]

Anyone try crypto.com?  Big benefit I see with them is they allow trades in a lot more of the other coins than just the main ones.

[gotbeer]

$32 Million Stolen As Crypto Project DeFi100 Pulls The Rug

[Tank]

On 5/20/2021 at 12:18 AM, Tank said:

you're all going to lose your shirts over this stuff.

 

3 hours ago, gotbeer said:

$32 Million Stolen As Crypto Project DeFi100 Pulls The Rug

 

[NrM]

My plan worked. You guys are all stuck bag holding with me. 

 

We're all now long term investors in it for the tech.

 

Muhaaaaaaaa

[gotbeer]

Actually haven't bought anything yet.  I was late, and it was too expensive.  Looks like being cheap may work out for once.

 

[Tank]

11 minutes ago, gotbeer said:

Actually haven't bought anything yet.  I was late, and it was too expensive.  Looks like being cheap may work out for once.

 

sometimes procrastination has its rewards.

[NrM]

48 minutes ago, gotbeer said:

Actually haven't bought anything yet.  I was late, and it was too expensive.  Looks like being cheap may work out for once.

 

Only If you buy the bottom 

[gotbeer]

44 minutes ago, NrM said:

Only If you buy the bottom 

I'm hoping it's bitcoin at 26k.  But with my luck, it'll get to 28k, then shoot back up.  And I'll feel just at home with the Angels signing of Bauer, Greinke, and Cole.  

[gotbeer]

@NrM  And before you ask.  It's a calculated number I'm looking at.  I have been researching it, and believe that we are in the 3rd wave, that corresponds to when bitcoin cut the miner benefits.  So really anyone buying bitcoin, if the theory is correct, won't see a big upwards swing till 2023-24 when the next cut comes.

I'm drunk right now, so that means binge buy.   Yeah baby.  Let's go @Tank

[NrM]

1 hour ago, gotbeer said:

@NrM  And before you ask.  It's a calculated number I'm looking at.  I have been researching it, and believe that we are in the 3rd wave, that corresponds to when bitcoin cut the miner benefits.  So really anyone buying bitcoin, if the theory is correct, won't see a big upwards swing till 2023-24 when the next cut comes.

I'm drunk right now, so that means binge buy.   Yeah baby.  Let's go @Tank

Yeah it's called the halvening or 4 year cycle. Bitcoin miner rewards are cut in half every 4 years. If that pattern holds true, then we're only half way through this bull cycle before entering a bear market.

[gotbeer]

@NrM Well, looks like I missed the boat once again.

[NrM]

7 minutes ago, gotbeer said:

@NrM Well, looks like I missed the boat once again.

Could be a dead cat bounce/bull trap. 

At the end of the day. As the boomers like to say.  Time in the market will always beat timing the market

[gotbeer]

Bitcoin traders using up to 100-to-1 leverage are driving the wild swings in cryptocurrencies

So if I'm reading this correctly.  It's a reverse Gamestop situation?  The way they describe it, seems the institutional people are the one's that again got dinged hard.  Which is exactly the Gamestop situation.  

[Tank]

6 hours ago, gotbeer said:

Bitcoin traders using up to 100-to-1 leverage are driving the wild swings in cryptocurrencies

So if I'm reading this correctly.  It's a reverse Gamestop situation?  The way they describe it, seems the institutional people are the one's that again got dinged hard.  Which is exactly the Gamestop situation.