BITCOIN

nxhappy

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Why would I think BTC is a worldwide currency when the VAST majority of people holding it view it as an investment vehicle and NOT a currency?

And, it doesn't matter what I think it is, it matters what the investment community thinks it is based on how successful Reddit becomes at moving BTC price and that is yet to be determined.

You consistently misinterpret what I write, maybe you should stop while you're behind.
people (and millionaires) would not invest in it so heavily, if they thought it would be going to zero. Do you know of the shark tank investors? Yeah, they own **** loads of crypto. And that is because they have BRAINS. Stop living in your boomer world, and throw some ****ing dice. Unless you are retired, no have NO reason not to invest. And even then, I would still invest 10-20k without hesitation. If you don't want to be rich. And if you are already rich, then **** me for judging you.
 

Weather Man

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The government is already looking into it's own crypto / digital currency. Once that happens, say goodbye to the physical dollar. You just saw in the above example, people already using crypto for goods and services. If the gov't really wanted to, they would have shut down bitcoin years ago. But guess what, it's not possible to shut down because Defi isn't controlled by the banks. It's all binary. They can't touch it, they can only tax it. And uncle sam LOVE's capital gains. Another point: nobody believed in the internet. Many frowned upon those stocks, including Amazon. Can crypto go to zero ? Sure, but so could any large cap stock. If you want little risk, you can get interest on a stable coin, USDC, and get 9%. The coin never moves, and you get 9%. Boomers be luvin that shit like white on rice. If you are intimidated by coins, treat it like a small cap stock. Invest 10-20% overall portfolio. That is what I advise.
The regulators can touch it all they want, don't kid yourself. If the nation states create fiat based crypto, it crushes the case for all these company based crypto's for currency use based on risk alone.

I'm not intimated by crypto, I just see many ways it is not advisable for me to invest in it.

Equating the risk of owning crypto to any well run company isn't realistic. The great financial rewards possible with any crypto is tied to commensurate risk.
 

CompOrange04GT

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I will admit, I WAS scared. I am used to less volatility. But once you understand Defi, and the morals of it .....I was hooked. **** the banks. **** the govt. The binary chain of crypto is the best idea the founders have ever created. The best part is .....we ALL know everything is going digital. Ever since the late 90s we have seen this progression. Any one with half a brain can see the physical dollar is going to be obsolete. Don't get me wrong, I love my stable stocks, the SP500, the dividends. But that small percentage should be crypto. You gotta roll the dice to make the big bucks. Sooooo many millionaires just off of Doge alone. If crypto is a scam, if it goes to zero, I will strip off all of my clothes, and run to the grocery store naked.
I sold my house.. and was scared shitless to throw into some random ass currency with a dog picture …

At this point… I just wish I threw it more. If I would have put in 10k when I bought into doge and held it til that big jump..

I’d have another house paid for … a viper and a raptor .. paid for .

My honest opinion is.. anybody that doesn’t believe in crypto is clueless
 

CompOrange04GT

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The regulators can touch it all they want, don't kid yourself. If the nation states create fiat based crypto, it crushes the case for all these company based crypto's for currency use based on risk alone.

I'm not intimated by crypto, I just see many ways it is not advisable for me to invest in it.

Equating the risk of owning crypto to any well run company isn't realistic. The great financial rewards possible with any crypto is tied to commensurate risk.

you turned down free money multiple times …. You’ve talked about how you’re scared to do it..

you claim to have all these amazing investments.. yet you can’t afford to just drop $10 to just learn and see how “ real or fake “ it is….?

come on now
 

Weather Man

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people (and millionaires) would not invest in it so heavily, if they thought it would be going to zero. Do you know of the shark tank investors? Yeah, they own **** loads of crypto. And that is because they have BRAINS. Stop living in your boomer world, and throw some ****ing dice. Unless you are retired, no have NO reason not to invest. And even then, I would still invest 10-20k without hesitation. If you don't want to be rich. And if you are already rich, then **** me for judging you.

I'm well enough off and retired at 55 and intend to stay that way. My investment goals are not the same as a young buck. But the guys who have said how they are investing in crypto on here are doing so with the right risk outlook.

The info I post is for anyone reading this thread and thinking of buying. There are plenty of people singing the praises of crypto in here and fairly so. People have made a lot of money. I merely point out it isn't all rainbows and pixy dust.

People with true wealth do not invest the same way as regular Joe's. The core assets are never risked and the assets that are risked can be lost. They are also afforded opportunities, information and risk mitigation that make losing that risked capital a lot less than if you or I were doing it.
 

nxhappy

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The regulators can touch it all they want, don't kid yourself. If the nation states create fiat based crypto, it crushes the case for all these company based crypto's for currency use based on risk alone.

I'm not intimated by crypto, I just see many ways it is not advisable for me to invest in it.

Equating the risk of owning crypto to any well run company isn't realistic. The great financial rewards possible with any crypto is tied to commensurate risk.
bitcoin is worth WELL over thousands of companies combined. "Worth" is not just the company, it's the PEOPLE invested. Bitcoin is currently OVER the dow jones. The bitcoin major dip already happened. Next cycle is going to be a massive pump. We are talking $100k plus. you talk about "getting out at the right time". And I agree. But if you bought one BTC right NOW, you would make some fat money. Or Etherium, or cardano. Again I'm not suggesting strong investments, I'm talking 10 to 20%. Almost like small cap investments. You gain big or lose 50%, who gives a shit.
 

Weather Man

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you turned down free money multiple times …. You’ve talked about how you’re scared to do it..

you claim to have all these amazing investments.. yet you can’t afford to just drop $10 to just learn and see how “ real or fake “ it is….?

come on now

I can watch price action of crypto just fine on my financial sites.

It is real enough for people to make and lose money.

It hold no attraction for me other than watching the companies that may be affected by it dance to the invisible hand.

If I ever decided to buy a crypto, it would be one I thought would achieve vertical finance integration in all aspects of money use. But I am realistic to know that the big finance companies are doing the exact same thing.

EDIT: Identifying the major that gobbles up that particular fish would be actionable.
 
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Weather Man

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bitcoin is worth WELL over thousands of companies combined. "Worth" is not just the company, it's the PEOPLE invested. Bitcoin is currently OVER the dow jones. The bitcoin major dip already happened. Next cycle is going to be a massive pump. We are talking $100k plus. you talk about "getting out at the right time". And I agree. But if you bought one BTC right NOW, you would make some fat money. Or Etherium, or cardano. Again I'm not suggesting strong investments, I'm talking 10 to 20%. Almost like small cap investments. You gain big or lose 50%, who gives a shit.

I don't allow any investment in my liquid nest egg to exceed 3%. 10-20% of any single entity in a nest egg would be considered very strong indeed.
 

nxhappy

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I'm well enough off and retired at 55 and intend to stay that way. My investment goals are not the same as a young buck. But the guys who have said how they are investing in crypto on here are doing so with the right risk outlook.

The info I post is for anyone reading this thread and thinking of buying. There are plenty of people singing the praises of crypto in here and fairly so. People have made a lot of money. I merely point out it isn't all rainbows and pixy dust.

People with true wealth do not invest the same way as regular Joe's. The core assets are never risked and the assets that are risked can be lost. They are also afforded opportunities, information and risk mitigation that make losing that risked capital a lot less than if you or I were doing it.
First off sir, congrats for retiring at 55. For that fact I know you are a smart man. I am not denying your intelligence nor trying to be negative. There is nothing wrong for stable investments. Personally, most of my shit is Mega cap and Large cap, very stable, very strong. Of course, younger bucks should be investing more aggressive. I am only 34, however I am on strict budget and my plan is do be "semi" retired by 45. As stated, my crypto is about 10% overall wealth. If it's gone, it's gone, and I understand that risk. On the same token, there are many people that have become millionaires from these investments. I know a few personally. Did they risk their money ? **** yeah they did. But back that I thought: "What the **** are these people investing in? " And now I realize they made the right decision. Everyone has different priorities as age and employment take a huge role. For you, it may not make sense to invest in crypto. For younger gens, it may pay off big time to invest in crypto. Again, I am not saying go all in on crypto. I am suggesting a small portion for younger gens willing to go big or go home.
 

nxhappy

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I don't allow any investment in my liquid nest egg to exceed 3%. 10-20% of any single entity in a nest egg would be considered very strong indeed.
by 10 to 20% I mean overall sector, not single company. So 10% crypto portfolio might be 5 to 10 different "coins"
 

nxhappy

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For your age, acceptable risk, you are still earning new investment dollars.

I have substantial amounts in 401k, ROTH, and brokerage. Nothing close to crypto. I am "young" but I know how it goes lol. I plan to retire by 45, if that doesn't happen it is what it is. But my net worth didn't just appear magically. If my crypto goes to zero, it was a fun ride. If it gains even 7%, I will consider it a win. But right now it is about 75%. I will continue to roll those dice.
 

Weather Man

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I have substantial amounts in 401k, ROTH, and brokerage. Nothing close to crypto. I am "young" but I know how it goes lol. I plan to retire by 45, if that doesn't happen it is what it is. But my net worth didn't just appear magically. If my crypto goes to zero, it was a fun ride. If it gains even 7%, I will consider it a win. But right now it is about 75%. I will continue to roll those dice.

You have a great goal, outlook and a plan to get there, heck yeah!
 

CompOrange04GT

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First off sir, congrats for retiring at 55. For that fact I know you are a smart man. I am not denying your intelligence nor trying to be negative. There is nothing wrong for stable investments. Personally, most of my shit is Mega cap and Large cap, very stable, very strong. Of course, younger bucks should be investing more aggressive. I am only 34, however I am on strict budget and my plan is do be "semi" retired by 45. As stated, my crypto is about 10% overall wealth. If it's gone, it's gone, and I understand that risk. On the same token, there are many people that have become millionaires from these investments. I know a few personally. Did they risk their money ? **** yeah they did. But back that I thought: "What the **** are these people investing in? " And now I realize they made the right decision. Everyone has different priorities as age and employment take a huge role. For you, it may not make sense to invest in crypto. For younger gens, it may pay off big time to invest in crypto. Again, I am not saying go all in on crypto. I am suggesting a small portion for younger gens willing to go big or go home.
We are the same age.. teach me the ways of investing
 

q6543

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For simplicity... if you own the S&P index.. or the nasdaq...

You now own bitcoin... crypto has backdoored into the major indexes as companies diversify balance sheets.

Just a different perspective.
 

Weather Man

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Pretty crazy to me, a LOT of power to run computer banks to create 0101010101010101.

Interesting thought, if any crypto actually becomes a currency without being tied to a currency at creation, does it lose its cache as an investment vehicle? Is that what is going on with BTC, a change in investor perspective or a blip?


Bitfarms inks agreement with the City of Sherbrooke to fully develop 96 MW of green bitcoin mining infrastructure

  • Bitfarms (NASDAQ:BITF) has reached an agreement with the City of Sherbrooke, Québec, to develop 96 MW of hydropower on an expedited basis, advances the company’s growth goals of 3 Exahash by first quarter 2022 and 8 Exahash by year-end 2022.
  • Bitfarms’ current operations in the City of Sherbrooke on Rue de la Pointe will be replaced by new, high efficiency facilities with next-generation mining equipment optimized for higher output levels and lower power consumption.
  • Emiliano Grodzki, Chief Executive Officer of Bitfarms said, “The City of Sherbrooke is important to us, and this agreement demonstrates our desire to work with and support our local communities as we achieve our growth goals."
  • Shares down 2% premarket, extending yesterday's losses as cryptocurrencies crumbled on Bitcoin becoming legal tender in El Salvador.
 

CompOrange04GT

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Pretty crazy to me, a LOT of power to run computer banks to create 0101010101010101.

Interesting thought, if any crypto actually becomes a currency without being tied to a currency at creation, does it lose its cache as an investment vehicle? Is that what is going on with BTC, a change in investor perspective or a blip?

Bitfarms inks agreement with the City of Sherbrooke to fully develop 96 MW of green bitcoin mining infrastructure
  • Bitfarms (NASDAQ:BITF) has reached an agreement with the City of Sherbrooke, Québec, to develop 96 MW of hydropower on an expedited basis, advances the company’s growth goals of 3 Exahash by first quarter 2022 and 8 Exahash by year-end 2022.
  • Bitfarms’ current operations in the City of Sherbrooke on Rue de la Pointe will be replaced by new, high efficiency facilities with next-generation mining equipment optimized for higher output levels and lower power consumption.
  • Emiliano Grodzki, Chief Executive Officer of Bitfarms said, “The City of Sherbrooke is important to us, and this agreement demonstrates our desire to work with and support our local communities as we achieve our growth goals."
  • Shares down 2% premarket, extending yesterday's losses as cryptocurrencies crumbled on Bitcoin becoming legal tender in El Salvador.
I can use bit coin to buy goods TODAY. Which means it’s a currency.

there are many things I can buy with it. Vehicles, houses, goods, etc…

hell there are people that are PAID in Bitcoin instead of a dollar salary.

you are legitimately so blind to this..

Hypothetically speaking let’s say…. I wanted to buy a tv from you and you want $100, Let’s say we talk and you actually want a record player.

You want $100.. I tell you.. I’ll give you $100 in Bitcoin. That you can buy a record player with, or I’ll trade you a record player..

Now here’s the thing… that $100 in Bitcoin Can turn into $150.. which means you can also buy records too. Meanwhile I just get a tv.. while you actually make out better on the deal.

What is the issue with it ?
 

CompOrange04GT

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Also since I know you’ll bring up “ well that $100 can turn into $80”

I’m giving currency as opportunity

at the end of the day.. I just get a tv. Nothing more. Nothing less.
With Bitcoin .. you get an option.. of .. getting the $100 record player you want.. or an $80 one.. or you could get a $150 one.
 

Weather Man

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Also since I know you’ll bring up “ well that $100 can turn into $80”

I’m giving currency as opportunity

at the end of the day.. I just get a tv. Nothing more. Nothing less.
With Bitcoin .. you get an option.. of .. getting the $100 record player you want.. or an $80 one.. or you could get a $150 one.

That isn't how currency trades. If BTC actually achieved widespread adoption as a currency and still appreciated at high rates, it would be the first currency to ever do that, EVER. Pretty unlikely scenario.

Since there is literally nothing backing BTC, the more likely scenario would be to deflate in value, which many currencies have done.
 

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