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Cryptocurrency - Bitcoin & others..

So, a bit yes and no. It’s not 100% the wild west out there, it just feels like it. If you put your money on an exchange, and you don’t have a seed phrase/wallet with that exchange, you are living wild. If you have a FTX like disaster and it’s not in a real wallet, there’s a reason there’s the phrase “not your keys not your crypto.”

If you have a wallet though, you at least own what’s in there. Any exchange you run it though is essentially like an ATM in that you’re just viewing your balance.
 
OhioGolfer said:
Bitcoin has been around since 2008 and was worthless for years and is now worth over 16k, not sure how that's not living long.
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and its like any investment on any exchange, if you bought low and sold higher, you made money.

It was trading , say 2019'ish to early 2022'ish for over $70,000. If you bought at that price, you are not in the money.

Its not a long term retirement type investment.

Its a day (or even hour) trade. If you have the spare cash and a good stomach, You can make money. You just have to understand the degree of risk.
 
Things are cheap, I'm scooping up some projects that I like mid to long term. (BTC, ETH, BNB, MATIC, ADA, COTI) What are you all getting? I'm trying to look into AI plays, but I know little about that space.
 
rallo said:
Things are cheap, I'm scooping up some projects that I like mid to long term. (BTC, ETH, BNB, MATIC, ADA, COTI) What are you all getting? I'm trying to look into AI plays, but I know little about that space.
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Bitcoin. I wouldn't exactly call it a "project" though.
 
Just bitcoin. I’ve had a recurring buy running for a few years so I don’t even have to think about it.
 
jbb2388 said:
Bitcoin. I wouldn't exactly call it a "project" though.
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I don't know, they are supposedly working out bringing NFTs to the bitcoin blockchain via ordinals... whether it catches on versus btc merely being seen as a store of value is anyone's guess.
 
Putting any money into crypto right now is like me pulling a fairway wood 200y from the green. A gamble that may pay off spectacularly but odds are that the failure will be more spectacular. I realize that is how you make money in the markets, buying low on things that have potential to grow significantly, but with the regulatory uncertainty, the action of the feds with the latest bank failures, and general inflation pressures, I'm not in the position to gamble anything significant on crypto atm. Could possibly look back at a missed opportunity a la investing in Bitcoin in early 2013 or the dying embers of a once promising market idea. Just too much for my risk tolerance these days. Ymmv.
 
dees06 said:
Putting any money into crypto right now is like me pulling a fairway wood 200y from the green. A gamble that may pay off spectacularly but odds are that the failure will be more spectacular. I realize that is how you make money in the markets, buying low on things that have potential to grow significantly, but with the regulatory uncertainty, the action of the feds with the latest bank failures, and general inflation pressures, I'm not in the position to gamble anything significant on crypto atm. Could possibly look back at a missed opportunity a la investing in Bitcoin in early 2013 or the dying embers of a once promising market idea. Just too much for my risk tolerance these days. Ymmv.
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I would argue that is WHY you want bitcoin (y)
 
I buy about $20 of Bitcoin and a smaller variant every month. My plan is to basically ignore it for about 20 years and see if it turns into anything significant. If it does, great. If not and I end up with $0, I will have lost very little.
 
wadesworld said:
I buy about $20 of Bitcoin and a smaller variant every month. My plan is to basically ignore it for about 20 years and see if it turns into anything significant. If it does, great. If not and I end up with $0, I will have lost very little.
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I used to do something similar, $100 a paycheck, but the more I read/researched the less I trusted any of the exchanges. I could keep an offline wallet, but I can barely keep up with most stuff for more than 6 months. Cashed out with double what I had put in. Not a bad return. So these days I just max out my employer matched 401k and pad my savings. Pretty dull and boring, but as I get closer to retirement...risk tolerance. If there was a much less volatile crypto, I could see myself getting back in. My original investments were Either mostly, probably 80%, and lesser stakes in Cardano & Avalanche.
 
I definitely do not trust any exchanges. I DCA my bitcoin with Swan. You can either keep it with them or transfer to your own addresses. You cannot sell or convert to anything else, so it's not a "crypto casino" like most of the exchanges seem to be. They just added a bitcoin IRA option, as well.
 
wadesworld said:
I buy about $20 of Bitcoin and a smaller variant every month. My plan is to basically ignore it for about 20 years and see if it turns into anything significant. If it does, great. If not and I end up with $0, I will have lost very little.
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You will certainly not end up at zero.
 
dees06 said:
I used to do something similar, $100 a paycheck, but the more I read/researched the less I trusted any of the exchanges. I could keep an offline wallet, but I can barely keep up with most stuff for more than 6 months. Cashed out with double what I had put in. Not a bad return. So these days I just max out my employer matched 401k and pad my savings. Pretty dull and boring, but as I get closer to retirement...risk tolerance. If there was a much less volatile crypto, I could see myself getting back in. My original investments were Either mostly, probably 80%, and lesser stakes in Cardano & Avalanche.
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justincredible said:
I definitely do not trust any exchanges. I DCA my bitcoin with Swan. You can either keep it with them or transfer to your own addresses. You cannot sell or convert to anything else, so it's not a "crypto casino" like most of the exchanges seem to be. They just added a bitcoin IRA option, as well.
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I refuse to deal with exchanges. Fees are too high. I buy with Strike for no fees and use Trust wallet to hodl.
 
justincredible said:
I need to check Strike out at some point.

Do you use Fold or Lolli?
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No, but I had looked into both of them a while back even before they had come out. Will never use a debit card for anything. Too much liability
 
jbb2388 said:
No, but I had looked into both of them a while back even before they had come out. Will never use a debit card for anything. Too much liability
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I do the daily spin with Fold to stack sats and have bought gift cards thru them in the past. I signed up for the card and have it but have yet to put any money on it.

Lolli is nice for cash back in sats when I remember to use it.
 
justincredible said:
I do the daily spin with Fold to stack sats and have bought gift cards thru them in the past. I signed up for the card and have it but have yet to put any money on it.

Lolli is nice for cash back in sats when I remember to use it.
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Its been intriguing to me for sure. I may have to give the lolli browser extension a whirl. Last time I looked at it the list of merchants was not exciting
 
Anyone still buying crypto? In the last 6 months I have been collecting some BTC, SOL, NEAR, ARB and a few others.

I just put a small percentage of my funds in crypto. I work for the federal government and max out my TSP.

I am going to hold until 2024/2025 and see what happens after the halving.

Like people have said there are a lot of scams so you do have to watch what you are doing.

Like any investment, don't put $$$ in anything you can not afford to lose.

The U.S. dollar is a scheme ever since we went off the gold standard in 1971. The government just keep creating more dollars out of air and with inflation our dollars are worth less each year.

Sent from my SM-G998U using Tapatalk
 
I bought some bitcoin when it was 17k but have only been watching since then. If it gets under 20k I will buy some more.
 
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Bitcoin? Yes. I buy routinely just like many other investments I own. As the administrator of my company's Fidelity 401K plan, we have also added a digital assets account investment option back on January 1st which allows our plan participants to invest up to 5% of their plan assets in bitcoin. We have since had several employees who have chosen to use it as one of their investment options.

Once the US lawmakers can get their heads out of their asses and create a logical framework for digital asset regulation, bitcoin ETFs and other investment vehicles will finally be approved in the US like they have been in many other countries and institutional and other mainstream adoption will increase even more than it is already. Its just a matter of time and once the halving occurs next April price momentum should trend higher again. Not that 60-65% gains YTD are anything to shake a stick at. ;)
 
I am still fascinated by the fact, it is only increasing in value because people buy it. Not because there is a well managed business increasing their sales of goods and services.
 
uitar99 said:
I am still fascinated by the fact, it is only increasing in value because people buy it. Not because there is a well managed business increasing their sales of goods and services.
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Mel Brooks Opportunity GIF by HULU
 
uitar99 said:
I am still fascinated by the fact, it is only increasing in value because people buy it. Not because there is a well managed business increasing their sales of goods and services.
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I am curious what you mean by that?
 
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