ConstruxBoy
Kate's Daddy
This is only true if you physically have the gold, right? If you just own stock in a Gold miner or a Gold ETF, then you can't exchange it for anything unless you have electricity and an internet connection.
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Bitcoin-Explain to me how to buy these things (4 Viewers)
- Thread starter Sheriff Bart
- Start date
2Squirrels1Nut
Footballguy
jvdesigns2002
Footballguy
This is correct. I’ve stated it in many threads before—but I am a believer in holding the actual asset in the case of the precious metals. I understand that my access to this type of investing is probably easier than the access that most people have due to my being in the jewelry industry. I just believe in holding the asset because it maximizes its ability to be used for commerce or exchange in situations where access to capitol might be limited—and also because I want it in a form that is the most de-coupled from the market. Owning mining stocks or ETF’s still involves trusting strangers with managing a company and its assets properly. Believing in the metals doesn’t necessarily directly correlate in trusting the boards/executives/profitability of mining companies.
rockaction
Footballguy
Maybe I need to watch the show because I'm seeing NFTs all over the place and all the rage and have no ####### clue what any of this is. Only know that I should have invested in Bitcoin back when Reason magazine was a big proponent. I'd own an island.Dr. Phil show on now is devoting the whole show to cryptocurrency....scam or not?
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ericttspikes
Footballguy
This is probably a total noob question, but how is the daily price of Bitcoin established?
I saw this video yesterday that said:
"This does not take away from the fact that there's still a lot of accumulation going on. Long term holders have been accumulating Bitcoin steadily for months now. 75% of Bitcoin is held in what are known as illiquid addresses. The amount of Bitcoin that hasn't moved in over a year is almost 60%. And those are the holders. The majority of Bitcoin out there belongs to holders who do see Bitcoin as a longer term store of value who do see it as digital gold. Only that's not what is moving the price. Therefore, that's not what we see in the correlations."
"We're seeing that. We are seeing long term holders, according to the on-chain data, continue their accumulation. There was a very, very slight dip over the weekend, but minuscule. We're seeing long term holding continue. It's been increasing steadily for the past few months. And this does signal conviction from those that fully understand the potential."
https://news.yahoo.com/crypto-seeing-two-very-different-215114639.html
How does 25% of the total supply move the price 50% when holders continue to accumulate?
I saw this video yesterday that said:
"This does not take away from the fact that there's still a lot of accumulation going on. Long term holders have been accumulating Bitcoin steadily for months now. 75% of Bitcoin is held in what are known as illiquid addresses. The amount of Bitcoin that hasn't moved in over a year is almost 60%. And those are the holders. The majority of Bitcoin out there belongs to holders who do see Bitcoin as a longer term store of value who do see it as digital gold. Only that's not what is moving the price. Therefore, that's not what we see in the correlations."
"We're seeing that. We are seeing long term holders, according to the on-chain data, continue their accumulation. There was a very, very slight dip over the weekend, but minuscule. We're seeing long term holding continue. It's been increasing steadily for the past few months. And this does signal conviction from those that fully understand the potential."
https://news.yahoo.com/crypto-seeing-two-very-different-215114639.html
How does 25% of the total supply move the price 50% when holders continue to accumulate?
FreeBaGeL
Footballguy
You want to buy a bitcoin.
I have a bitcoin and I will sell it to you for $37,000.
@Captain Cranks has a bitcoin and he will sell it to you for $36,500
@KGB has a bitcoin and he will sell it to you for $37,500
You say Cranks, I'll take your offer. You pay him $36,500 for 1 bitcoin.
The price of bitcoin is now $36,500.
2Squirrels1Nut
Footballguy
I had a friend tell me it's like the Beanie Baby craze. If you bought and sold almost immediately, you were fine. The issue with both is potential unlimited supply. Everyone that holds is going to be in a heap of trouble. Just one person's opinion. FWIW
Captain Cranks
Footballguy
For most projects with no utility, they'll likely end up worthless. However, there are many projects that offer tremendous utility that will be great long term holds.
Warrior
Footballguy
Everything is beanie babies to people who don't have a clue what they're talking about.
Max Power
Footballguy
FreeBaGeL
Footballguy
Runkle
Footballguy
It's almost half of what it was when he signed, and then, subtract ~$375,000 he owes in taxes (state + federal). If he held it all in bitcoin since. Which, why wouldn't he if he wants to be paid in bitcoin instead of cash in the first place?
amnesiac
beer is good
in theory, he should have plenty of cash to pay the taxes and let the bitcoin ride.
the Browns paid him several million USD this year.
Orange&Blue
Footballguy
The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as Bitcoin and other cryptocurrencies as a matter of national security, a person familiar with the White House’s plan tells Barron’s.
Captain Cranks
Footballguy
On the plus side, I'm glad to see the regulatory ball moving down the field. Regs are needed and it's never been a matter of if, but when. Obviously we can't trust that the government is going to make the rules in our best interests, but at the very least we'll have clarity so the industry can move forward. Let's just hope that it becomes a big political argument for the 2022 elections so that the rules aren't too Draconian.Orange&Blue said:
FreeBaGeL
Footballguy
Yep. My main investment vehicle right now is short term rentals. It is common in that field to be more attracted to areas where short term rentals are already regulated. Because then at least you know the playing field. People are more apt to stay away from unregulated areas because then you don't know how bad the regulations will be once they eventually do come.
Crypto regulation is inevitable and necessary, and a healthy step towards it being accepted.
Sand
Footballguy
And he got 7 figures for doing this. He's doing just fine.
-----
On another subject - a couple really good articles from Fidelity. Jurgen Timmer on Understanding Bitcoin with some spectacular charts on where BTC has been and what its trajectory will likely be. 20 easy to consume slides - absolutely required reading.
Also, this article on Bitcoin First - this goes into the characteristics of BTC and its place in the world, etc. I'm still working my way through this one.
KGB
Footballguy
KGB
Footballguy
i havnt been looking now either.
im already in for what im spending. so lets wee what happens after the ice age
Thorn
Footballguy
I'm only starting to learn about this stuff. What do you think are examples of projects with tremendous utility?
Sand
Footballguy
Captain Cranks
Footballguy
A lot of the gaming / metaverse NFTs. For example, NFTs for characters, weapons, vehicles, and land in upcoming crypto games. Also NFT projects whose holders get priority whitelist access into other projects. Examples of that are the Doge Pound, Superfarm Genesis series, Neo Tokyo, and Genetic Chain.
ren hoek
Footballguy
Can't say I ever got into the NFT thing but I do like these little pets from Doug TenNapel (the Earthworm Jim animator):
https://opensea.io/collection/eternal-klay-pets
https://opensea.io/collection/eternal-klay-pets
KGB
Footballguy
you should really do a newsletter/email subscription that explains this for dummies. I'd pay lol
Sand
Footballguy
Like Beanie Babies, but at least they don't clutter up the house.
Looking around I really like this fractal collection. Not enough to pay for one, but they're pretty cool.
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Captain Cranks
Footballguy
KGB
Footballguy
2Squirrels1Nut
Footballguy
Sand
Footballguy
Captain Cranks
Footballguy
KGB
Footballguy
KGB
Footballguy
I assume you are actually looking for a coin to go for.
Depending on your risk tolerance....
im in
BAT
SHIB
HEX
CRO
so, that can give you a start in researching./ there are 10's of thousands of choices.
heres a list
https://nomics.com/
The Justice Department said Tuesday it has seized more than $3.6 billion in cryptocurrency and arrested two people in connection with the 2016 hack of a virtual currency exchange.
It’s the Justice Department’s largest ever financial seizure, officials said.
“Today, federal law enforcement demonstrates once again that we can follow money through the blockchain, and that we will not allow cryptocurrency to be a safe haven for money laundering or a zone of lawlessness within our financial system,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division.
The blockchain is a shared, online ledger of cryptocurrency transactions.
Arrested in Manhattan Tuesday were Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31. They are scheduled to make initial appearances in federal court at 3 p.m. in Manhattan.
It’s the Justice Department’s largest ever financial seizure, officials said.
“Today, federal law enforcement demonstrates once again that we can follow money through the blockchain, and that we will not allow cryptocurrency to be a safe haven for money laundering or a zone of lawlessness within our financial system,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division.
The blockchain is a shared, online ledger of cryptocurrency transactions.
Arrested in Manhattan Tuesday were Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31. They are scheduled to make initial appearances in federal court at 3 p.m. in Manhattan.
beer 30
Footballguy
I thought the whole draw to crypto was the fact that no one could get through the blockchain?The Justice Department said Tuesday it has seized more than $3.6 billion in cryptocurrency and arrested two people in connection with the 2016 hack of a virtual currency exchange.
It’s the Justice Department’s largest ever financial seizure, officials said.
“Today, federal law enforcement demonstrates once again that we can follow money through the blockchain, and that we will not allow cryptocurrency to be a safe haven for money laundering or a zone of lawlessness within our financial system,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division.
The blockchain is a shared, online ledger of cryptocurrency transactions.
Arrested in Manhattan Tuesday were Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31. They are scheduled to make initial appearances in federal court at 3 p.m. in Manhattan.
urbanhack
Fight The Power!
I think they mean it is transparent and decentralized so they know you can't hide anything.
Sand
Footballguy
I knew it! You just can't trust Lichtenstein - it's a bed of debauchery and crime over there.
KGB
Footballguy
Well,
We shall see, but im not totally sad I put like 30% of my stuff into the sacrifice for pulsechain and pulseX.
30% being gambling crypto not total retirement stuff or anything. Still quite a bit.
$25K or so pulsechain and $10K pulseX.
It hasnt done anything, but everything has been going down anyways, so we shall see!
We shall see, but im not totally sad I put like 30% of my stuff into the sacrifice for pulsechain and pulseX.
30% being gambling crypto not total retirement stuff or anything. Still quite a bit.
$25K or so pulsechain and $10K pulseX.
It hasnt done anything, but everything has been going down anyways, so we shall see!
Captain Cranks
Footballguy
$LOOKS is a competitor to Opensea. $SUPER is rumored to become an OS competitor too and functions as an NFT launchpad.urbanhack said:
