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

[DiggityDaggityDo]

 

[raiders72001]

and still rising.

 

[JDS]

and still rising.

It will be +110,000 in no time.

 

[MinnesotaFats]

It'll be $1mm or $0 in 2 years.

 

[JDS]

It'll be $1mm or $0 in 2 years.

If you think like that, then I’ll take an educated guess and assume you’re not holding any. Too risky from your POV.

 

[homie1975]

BOOM MUTHERFUKKER !!!

 

[homie1975]

Why do I prefer Bitcoin over the other Cryptos (including Ethereum) ?

(in no particular order)

- It is branded. Like Kleenex (tissues) and Xerox (photocopies), it is branded. Laypeople use the terms "Bitcoin" and "Crypto" interchangeably.
- It is the original platform that the majority of others copied and built off of.
- Only 21 million will ever be created, so there is a finite supply.

There is so much more that the techies know about the platform and the functionality, etc, etc.

These are only the basics as I am a novice myself, and only started buying BTC back in January 2022 at $45K. I continued to dollar-cost-average, buying incrementally on the way down all the way to $16,500.

I have lowered my Cost Basis to $21,900 so I am barely up now (on paper) however I am holding long.

It is definitely a risk-asset, as it is now 90%+ correlated with the highly-volatile Nasdaq stocks, however I still believe it in Long Term.

At much lower levels than my BTC position, I also own positions in:

- Ethereum
- Litecoin
- Solana
- BNB
- AVS
-AVAX

Where are my BTC and Crypto people ??

Anything Crypto goes in here

Let's learn from each other and make some money !!

First Post in thread FEB 2023.

BOOM MUTHERFUKKER !!

 

[JDS]

First Post in thread FEB 2023.

BOOM MUTHERFUKKER !!

You know I’m a numbers guy, how many coins are you holding Homie, I know you’re not bashful with your personal assets I’ve seen one of your portfolio screenshots lol.

 

[homie1975]

You know I’m a numbers guy, how many coins are you holding Homie, I know you’re not bashful with your personal assets I’ve seen one of your portfolio screenshots lol.

hahahaha

i just needed to put that kid (i won't say his name) in his place hence that one or two screenshots lol

let's all get wealthy together !!

 

[Ace7550]

Jerky, you don't own any crypto?

 

[Tanko]

I think the latest bump (to above $100K) was Trump announcing his SEC pick (Paul Atkins - a big pro crypto guy).

 

[MinnesotaFats]

If you think like that, then I’ll take an educated guess and assume you’re not holding any. Too risky from your POV.

I have whatever minimal amount is left over in my wallet used for offshore. Haven't looked in years.

The truth is BC is just the one coin of hundreds that survived, because nerds keep exchanging it among themselves.

It holds no true value if you're the last person holding it, unlike a stock (dividends), a note (interest), a commodity (physical consumption) or a dollar (pay rent).

If the Government decides to tax it, it goes to 0; if the government strip the anonymity of it, it goes to 0. It is a black market source of mutually agreed upon trade, but it always cashed in for dollars in the end.

 

[JDS]

Jerky, you don't own any crypto?

Nope it’s been several years since I have bought and held any crypto.

 

[bigdaniil445]

It will be +110,000 in no time.

According to M. Saylor, we'll all live to see it hit 7-digits.

At least those of us who eat healthy and don't die a violent death.

He's saying $13 mln / 1 BTC by 2045. With a straight face!

 

[Tanko]

According to M. Saylor, we'll all live to see it hit 7-digits.

At least those of us who eat healthy and don't die a violent death.

He's saying $13 mln / 1 BTC by 2045. With a straight face!

I laughed out loud when that came out.
He kind of looks dumb for making that statement. It takes away all the other points he was making.

 

[JDS]

I have whatever minimal amount is left over in my wallet used for offshore. Haven't looked in years.

The truth is BC is just the one coin of hundreds that survived, because nerds keep exchanging it among themselves.

It holds no true value if you're the last person holding it, unlike a stock (dividends), a note (interest), a commodity (physical consumption) or a dollar (pay rent).

If the Government decides to tax it, it goes to 0; if the government strip the anonymity of it, it goes to 0. It is a black market source of mutually agreed upon trade, but it always cashed in for dollars in the end.

I do understand the logic of it crashing again as it already has multiple times. The thing is it’s always rebounded to a new ATH each and every time after the crash. As far as Bitcoin being taxed that’s already a thing Minny and there is no anonymity it’s viewed on the blockchain.

 

[MinnesotaFats]

I do understand the logic of it crashing again as it already has multiple times. The thing is it’s always rebounded to a new ATH each and every time after the crash. As far as Bitcoin being taxed that’s already a thing Minny and there is no anonymity it’s viewed on the blockchain.

I mean forced reporting on any holdings over $600 directly to IRS, with you SSN & direct taxation. Like how they broke down Geneva banking in the 00s.

That's all this is. Gold used to be the same way. Buy it, stash it in a numbered safe, don't touch it for 25 years, pull it out and you'd have matched inflation at the very least.

 

[Ace7550]

I laughed out loud when that came out.
He kind of looks dumb for making that statement. It takes away all the other points he was making.

$100,000 was unthinkable 12 years ago.

 

[Tanko]

$100,000 was unthinkable 12 years ago.

Yeah but 29% y-o-y return. I think he was pie in the sky guessing. Of course we all are kind of.

 

[phillyflyers]

Trump is going to make Bitcoin go to $1 mil+