I’ve bought into crypto a little at a time for the last 14 months. If it goes into the lower 30s I’m going in big.
At one time, a single tulip bulb was equal in price to a mansion on the Amsterdam Grand Canal. The difference between a tulip bulb and a Bitcoin, however, is that you can actually put a tulip bulb in some soil and get a tulip to grow from it, i.e., it actually has some intrinsic value.
I’ve bought into crypto a little at a time for the last 14 months. If it goes into the lower 30s I’m going in big.
At one time, a single tulip bulb was equal in price to a mansion on the Amsterdam Grand Canal. The difference between a tulip bulb and a Bitcoin, however, is that you can actually put a tulip bulb in some soil and get a tulip to grow from it, i.e., it actually has some intrinsic value.
With bitcoin, it's possible to be your own bank. Can't do that with a tulip.
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
I'm still buying Bitcoin and Ethereum. Guessing there's still a few on here taking advantage of what we all hope is an opportunity? Any suggestions on others to be considering?
I sincerely wish you good fortune.
Not for me.
Ditto.... Just a massive ponzi scheme, IYAM... I'll pass..
So is our Bolshevik controlled fiat currency. No dollars, just Federal Reserve notes.
Are they FDIC insured like real Dollars are? Just wondering.
Last edited by jaguartx; 01/23/22.
Ecc 10:2 The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
Rubes Rubes Hicks and Rubes... Heard it from the lips of the thieves that rule us... Stole our Gold with the Dollar Goin Round... And Laid Their Bitcoin Down... [i think Cher would hate this... but Sonny might've Dug it]
Crypto/Bitcoin has never become what it was touted to be. In fact it’s hardly used in everyday transactions. Everyone buying Bitcoin is getting into it not as an alternative currency but to “become rich”. Getting into crypto in the middle of it, at a time when the federal government is looking to regulate it, is hilarious. By all means ride it as far as you can but you are investing in a purely speculative asset that will be soon regulated up the wazoo is not confidence well spent in terms of 10s of thousands of dollars. Ya have time but probably not a lot. BTW the fed/federal government will never allow an alternative currency to take hold.
I think cash will be used. About 75% of transaction in the world are in cash. As for crypto, I never bought any. My sis bought some Doge-coin for 8 cents , about $900 worth. It goes to 36 and she calls and asks what to do. I said sell half and make a bunch of money and if it goes to 0 you still made tremendous returns . If it goes to 2 bucks, sell another half and keep the other 2000 coins in case it goes to 100 bucks a piece. She sold some but now she is barely ahead.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
Anyone really think we’ll be transacting with paper currency and coins 10 years from now?
IMHO that is a linear thought process (no offense intended)...
The number of moving parts in the US and Global economy is far from linear.
The number of ticks sucking the life out of this hound dog is far beyond unsustainable... been that way for quite a while.
The fundamental difference between "want" and "need" has ceased to be differ.
When Laquish "wants" free healthcare, free housing and free education... and you "need" a new backhoe to grow your business... Laquish will get what she "wants" and you will not get what you "need" even if you can pay for it. (i.e. you availability to have the cash to buy the backhoe will be taxed away to take care of Laquish's "wants").
Capitalism is a dead man walking... that is just a fact.
For me, I prefer to stay off the crypto market, for now, because anything can still happen in the crypto market. We can still experience more DIP in the crypto market.
For me, I prefer to stay off the crypto market, for now, because anything can still happen in the crypto market. We can still experience more DIP in the crypto market.
Or the stock market, or silver and gold, or land…….DIVERSIFY and have cash, booze, food, ammunition stocked!
I am. I don't recommend it to anyone, most people freak out if their investment drops .5%, crypto would kill them dead. Its hugely volatile for sure, and most people don't want that in their investments. They prefer stability and making returns that might modestly outpace inflation but require very little research or work on the part of the investor Crypto is hard to keep pace with and stay somewhat up to date on whats happening, and thereby figure out where to best put your money. But, the returns that can be had here are pretty hard to find anywhere else, so its where I choose to play. I don't rely on it for my income, I don't invest money I can't afford to loose, but I did take a second job strictly for money to invest in crypto.
I have a close relative who got into Bitcoin literally at cents on the dollar several year ago, and kept telling me to do the same. Of course I ignored him. He sold almost all of the 200 coins he had when it went to $100/coin, thinking he hit it big. Then it hit $70k a coin this last fall. He lost out on $14m. As has already been mentioned in this thread, bitcoin has made some billionaires.
The story isn’t just about crypto. When many of the big-money investors are investing millions, if not billions, on up-coming meta-verse projects, it makes one wonder. Virtual real estate is selling for millions. Facebook has invested some $30 billion in virtual initiatives. Why? It may not be tangible, but it IS a new market. Up-and-coming virtual tech is where the movement is. Do some research.
It’s a choice whether to invest or not. However, I tend to agree with Erik and XX.
There's almost 10,000 crypto currencies now. The cryptos look a lot like tulips to me....or maybe NFTs?
, Like I said, its a pretty crazy place right now and its definitely not for the faint of heart. Lots of pump and dumps and meme coins like those you posted. Even so, go look at the charts on those two, and you can see some people made big bucks on them. There's money to be made, but it's not always "easy money" like many beleive.
There's almost 10,000 crypto currencies now. The cryptos look a lot like tulips to me....or maybe NFTs?
, Like I said, its a pretty crazy place right now and its definitely not for the faint of heart. Lots of pump and dumps and meme coins like those you posted. Even so, go look at the charts on those two, and you can see some people made big bucks on them. There's money to be made, but it's not always "easy money" like many beleive.