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Curious as to what crypto currency is and how it works...I asked a guy in the business a few years ago...He explained and explained, I still didn't get it...finally in exasperation he told me, "Look Flint, forget about it's value quoted in dollars and where and how that is established...when you buy crypto, you are just buying it in the faith that somewhere down the road, someone will pay more for it than you did".
Even though I still don't understand it.....That is all I needed to know.

It would be nice if Block SQ shares started rising like Bitcoin.

SATOSHI

Guy I went to high school with got in heavy under $500 in 2015-16 or there abouts. Apparently he's held everything and added from what I hear from mutual acquaintances. Supposedly well into the millions in value currently but he keeps holding.


Not for me, doesn't make it wrong, might even make me dumb. Time will tell.

So the way to make money with bitcoin is to treat it like a commodity and not a means of exchange?
Buy low, sell high and cash out before it crashes. Rinse and repeat.

My point is that you have no idea what you are talking about, and making it was my intention. You don’t even know anything about the Tulip Futures Bubble beyond the fact that there was one.

So who has pocketed profits?

I sold some during the 2021 bull run. Percentage-wise it was a very good profit but I still hold the majority of what I purchased prior. I did buy a little when it was in the lows 20s. If the price went to 0 right now I'd still be in the green overall.

Golly Gee... who would have ever guessed?

Now you're playing with the house's money.

The SEC’s chairman is investigating the Ethereum Foundation and is pushing to have it listed as a security.

This move by the SEC is in line with the Biden Administration’s crackdown on the whole cryptocurrency industry labeling it as a “lawless entity”.

WSJ, Fortune

I agree to that part in a way. It won't stay. But you can make some big money in a hurry if you risk it. At our age risk is just not worth it. Really never was actually. Just solid investments that return well enough.

Wish I had bought a tone if it in 2019

Once the ATH was made I expected a bigger dip. Am really surprised it is still in the mid to upper 60s since like in 2021 there was a good bit of this sort of thing going on:



Which "unlocks" a lot of volume. Assuming those transactions were to cash out, that is a pretty nice ride.

Sold enough last week to pay off 2 small amounts left on heavy equipment loans which puts the company and us personally debt free. Using the rest of what I cashed out to head to Florida next week.
I’ll be buying the next sizable dip, and firmly believe there’s massive upside and potential to make $$ if you have the stomach for the volatility.
Didn’t do as well as I have on the NVDA I bought last August for $480+/- That’s around $900/share now.

A couple of bitcoin factors coming up.

It will half shortly.

In the 2nd quarter UK 's. ETF"S come on line.

I think it will hit _______

All I can do is shake my head. You can't convince someone into Bitcoin. I gave all the info needed years ago on here to understand and learn about BTC.

Here are some facts.
1) BTC is the best performing investment ever.
2) Fink wouldn't be buying it period if it wasn't as good as claimed! Take a close look at his purchases.
3) It is the fastest growing ETF ever.
4) Much smarter and successful money managers then us all realize the legitimacy of BTC.
5) Yes it is a very volatile investment in the short term.
6) Hong Kong will have ETF's most likely next quarter.
7) Many countries hold BTC to include the US.
8) BTC has a set supply, unlike gold and other metals. Gold is the second most manipulated thing on earth and only second to fiat.
9) The banks, exchanges, governments all have tried to kill BTC, now they are all trying to embrace it. Go figure.
10) BTC is liquid-able. yes I have sold and had the funds in my bank same day. However selling isn't the smart thing to do. better to barrow from yourself and that way not pay taxes.
11) yes people have bought houses using BTC.
12) Once Greyscale has liquidated the bankruptcies BTC there will not be a surplus of BTC for OTC's. This has been the main reason for the price staying in the $60K range.
13) The halving is 28ish days away depending on the Hash rate. There isn't enough BTC for all the ETF's, Hong Kongs ETF launch, Saylor, Mr. 100, and all the other whales. This is without taking into account of retail investors.
14) Remember Bill Gates on I think it was the Tonight show? Yeah they laughed at him! However everything he said came true. You can't stop technology.

Ok, It’s real and gains can be taken in cash, Nice..

It still scares me (ignorance) and why do i feel I’ve missed the boat? At this point I have to pass.

Easy button for me was setting up a Coinbase account,
then a seperate bank account with only my name on it, or if not make sure the coin base account is registered exactly like your bank account (middle initial or full name etc.) deposit cash into account, buy whatever crypto asset you’re interested in, when it goes up and you’re ready to sell, cash out and it’s back in my bank account in less than 24hrs available for use

There’s nothing hard or scary to it. Currency is dead, no one is going to want your gold in trade for food etc…until they figure out how to control it, BTC and others are the best thing that’s happened for freedom in the last 100 years. We can finally have our monetary system back if we embrace it.

Good to see you posting here again MCH!

Minimum initial investment?