BITCOIN Discussion..........

[Tanko]

Tanker
FDIC insured just like any other brokerage.

Great.
Going to check it out.

 

[rolandcorts]

3.5% guaranteed is for peons
Inflation is twice that

 

[Tanko]

3.5% guaranteed is for peons
Inflation is twice that

You got to have some cash for emergencies, right?
Maximizing the interest on any cash, albeit small amounts, is smart.

Being diversified is wise. Some conservative investments may lag inflation but others will beat it.

 

[homie1975]

You got to have some cash for emergencies, right?
Maximizing the interest on any cash, albeit small amounts, is smart.

Being diversified is wise. Some conservative investments may lag inflation but others will beat it.

cash is definitely a position.
not just for emergencies and other important things, but to be able to deploy it quickly when volatile markets roll over.

 

[homie1975]

3.5% guaranteed is for peons
Inflation is twice that

what do you recommend instead?

 

[rolandcorts]

If you are happy with the average middle class lifestyle, take the 3.5% and ensure you will stay there.

If you're not, then you must take sensible risks in volatile assets. Stocks [low volatility], crypto or an actual business [higher volatility].

Or become a pro bettor!!!

 

[homie1975]

completely agree, but you must almost keep cash for a rainy day as well as to quickly deploy for crashes hence i am keeping the cash in robinhood at 4% instead of the bank at .000001%.

that way when key stock or crypto positions dip big or even crash, i can move the money right there in RH in real time and buy the equity/security what have you.

 

[rabiddog]

Damn that's a great deal! So you can have cash in there and you get 4% return on it? I'm gonna have to look into this.

I transfer USDC into them cash in and then invest it into stocks. Only takes a few minutes.

 

[rabiddog]

Right now is a great time to be accumulating your favorite coins. Right now I'm in 30 different coins and have another 20 I really like. I'm pretty confident we've hit bottom, I don't think we even go below $20,000 again. There's always a black swan event or if the fed does something weird. But all the leverage has been wiped out of the system and it looks like inflation is coming down. The TA is telling us to buy. I believe there's a good chance we run up to $50,000 sometime this summer. If that happens Alt coins will run also.

 

[rabiddog]

Hey Homie,
Good to see you at BMR! I love Bitcoin and Litecoin. That makes me a crypto dinosaur, but they are tried and true.
Any crypto being held long term should be held on a trezor or similar device. Don't hold large amounts on an exchange.

Litecoin doesn't have much of a future. There's barely anyone working on it, and it barely beat it's 2017 high last cycle.

 

[BobbyFK]

I have a discover savings account and get 3.30 APY

 

[Wagerallsports]

I have a discover savings account and get 3.30 APY

Like discover the credit card?

 

[Wagerallsports]

Yeah coinbase sucks. Kraken is great. I've been using them for years and have aways been happy.

Thanks

I've used kraken but have to figure it out again

 

[homie1975]

Right now is a great time to be accumulating your favorite coins. Right now I'm in 30 different coins and have another 20 I really like. I'm pretty confident we've hit bottom, I don't think we even go below $20,000 again. There's always a black swan event or if the fed does something weird. But all the leverage has been wiped out of the system and it looks like inflation is coming down. The TA is telling us to buy. I believe there's a good chance we run up to $50,000 sometime this summer. If that happens Alt coins will run also.

Raber
what are you favorite coins?

 

[homie1975]

RH does not have enough choices in coins.
Coinbase is too expensive on fees.
I have a bit of cash at Binance (very low fees but not sure if it can be trusted not to fold)

 

[biggie12]

id say BNB is the top of the list over BTC and ETH

 

[JDS]

id say BNB is the top of the list over BTC and ETH

You told me to sell my litecoin a while ago, & you saved me hundreds so thank you.

 

[rabiddog]

Raber
what are you favorite coins?

Bitcoin and Eth make up about 60% of my portfolio. Other safe picks for the next bull run that are about 20% of my portfolio Matic which has a special place in my heart, I bought $1000 worth when it was .02 cents back in 2020 and still hold about 50% of it. Also Polkadot, Cosmos, Avalanche. The other 20% I hold are Pivx, Azero, Uni, Metis, Link, Scrt, Kusama, Gala, Algo, Mana, Mana, Loopring, Syscoin Mina, Audio, Illuvium, Magic, Lido, Rocket Pool, Verasity. There's a few. Gaming will be big this cycle also Defi will always be big in the up cycles. Altcoin Buzz on youtube is a good channel to listen to about some of the up and comers. I use twitter also to learn more about the tokens and then use sites like coingecko.com to do reasearch. Just make sure you follow knowledgeable people.
I also got lucky this cycle I had about $500,000 at top of the cycle at blockfi, Celcius and Voyager. I pulled all my money when luna collapsed in early May out of these sites. Two months later all 3 were bankrupt. Mike Alfred on twitter was a big reason why he kept saying they might go under. If you want some good leverage plays on Bitcoin. Buy some miners, I like HUT, Riot, Clsk and Bitf, I've put a lot money into these the last couple of months. Make sure to do your own research. As they say not Financial advice.

 

[rabiddog]

id say BNB is the top of the list over BTC and ETH

Eth will do better over the next 2 years and is much safer.

 

[homie1975]

aside from largest position BTC and significantly smaller on in ETHE, i own a bit of:

Litecoin
BNB
AVAX
AVS
SOL