Alex P Keaton
Footballguy
Thx for sharing. Will absolutely listen — unlike some incredibly close minded people out there, I’m eager to digest other viewpoints.
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Bitcoin-Explain to me how to buy these things (6 Viewers)
- Thread starter Sheriff Bart
- Start date
Captain Cranks
Footballguy
Hypocrisy much? Is this where I'm supposed to whine about character attacks? lol
Alex P Keaton
Footballguy
It’s a general statement about the world. Not everything is about you.
Edit to add: you aren’t new to these forums. Many people aren’t coming here to challenge their existing ideas. Many just want to reinforce their own viewpoint. I’d really like to understand use cases of Bitcoin specifically, or crypto more broadly. Not sure why that is a bad thing.
Captain Cranks
Footballguy
As was my statement about ignorance. We can go 'round and 'round.
Alex P Keaton
Footballguy
Ok. Cool. I’ll take you at face value.
Alex P Keaton
Footballguy
KGB
Footballguy
You keep on researching. well just keep making moneyNice. Definitely couldn’t have paid cash for that.Sold about $9K of crypto to pay off a car yesterday. real use case that homie
Im not very good at math. what is .0003 to 5.5 cents? as far as what percent I am up? Thats current price even with like a crypto winter.
How about $.0003 to $.50 cents at the towards the high during a bull?
Name a investment that will beat ETH (a safe crypto) over the next year? 5 years? if you dont want to talk about the past.
besides that. keep on
done with you. drops mic
Alex P Keaton
Footballguy
Don’t trip on your mic cord.You keep on researching. well just keep making moneyNice. Definitely couldn’t have paid cash for that.Sold about $9K of crypto to pay off a car yesterday. real use case that homie
Im not very good at math. what is .0003 to 5.5 cents? as far as what percent I am up? Thats current price even with like a crypto winter.
How about $.0003 to $.50 cents at the towards the high during a bull?
Name a investment that will beat ETH (a safe crypto) over the next year? 5 years? if you dont want to talk about the past.
besides that. keep on
done with you. drops mic
But I will check out ETH.
KGB
Footballguy
If you are in this thread talking game and havnt heard of ETH, just stay out. also, id still like to know the mathDon’t trip on your mic cord.You keep on researching. well just keep making moneyNice. Definitely couldn’t have paid cash for that.Sold about $9K of crypto to pay off a car yesterday. real use case that homie
Im not very good at math. what is .0003 to 5.5 cents? as far as what percent I am up? Thats current price even with like a crypto winter.
How about $.0003 to $.50 cents at the towards the high during a bull?
Name a investment that will beat ETH (a safe crypto) over the next year? 5 years? if you dont want to talk about the past.
besides that. keep on
done with you. drops mic
But I will check out ETH.
Alex P Keaton
Footballguy
Whatevs dude. You do you. Stay classy.If you are in this thread talking game and havnt heard of ETH, just stay out. also, id still like to know the mathDon’t trip on your mic cord.You keep on researching. well just keep making moneyNice. Definitely couldn’t have paid cash for that.Sold about $9K of crypto to pay off a car yesterday. real use case that homie
Im not very good at math. what is .0003 to 5.5 cents? as far as what percent I am up? Thats current price even with like a crypto winter.
How about $.0003 to $.50 cents at the towards the high during a bull?
Name a investment that will beat ETH (a safe crypto) over the next year? 5 years? if you dont want to talk about the past.
besides that. keep on
done with you. drops mic
But I will check out ETH.
KGB
Footballguy
You are investing for your company. or something, right? Thats what you said. You are a math man I assume?Whatevs dude. You do you. Stay classy.If you are in this thread talking game and havnt heard of ETH, just stay out. also, id still like to know the mathDon’t trip on your mic cord.You keep on researching. well just keep making moneyNice. Definitely couldn’t have paid cash for that.Sold about $9K of crypto to pay off a car yesterday. real use case that homie
Im not very good at math. what is .0003 to 5.5 cents? as far as what percent I am up? Thats current price even with like a crypto winter.
How about $.0003 to $.50 cents at the towards the high during a bull?
Name a investment that will beat ETH (a safe crypto) over the next year? 5 years? if you dont want to talk about the past.
besides that. keep on
done with you. drops mic
But I will check out ETH.
What percentage are we up? $.0003 to 5cents and .0003 to 50 Cents? Im Curious? Would you consider that a winning investment?
Nathan R. Jessep
Footballguy
If BTC doesn't break $30,500, we very well may come back down to the low 20's. S&P almost a lock to fall bigly very soon, so it will be interesting to see how BTC reacts. It has been surprisingly resilient thus far. But I'm seeing that trading volume is being sucked up in the 25-30 range, so if we don't clear the 30,500 hurdle, likely falling into the next range downward, where ~20K is the bottom.
Nathan R. Jessep
Footballguy
An SEC Dissenter Says the Regulator Must Ease Off Crypto
The Securities and Exchange Commission has taken a hard line on digital assets. One of its own commissioners says it’s going too far.
Gensler is a piece of work. Dude literally used to give talks about the future of cryptocurrency.
I guarantee he has a hefty bag of BTC already.
Nathan R. Jessep
Footballguy
this is what i was referring to, although the video I saw was him speaking at some big event, but same sentiment as the one in this article:An SEC Dissenter Says the Regulator Must Ease Off Crypto
The Securities and Exchange Commission has taken a hard line on digital assets. One of its own commissioners says it’s going too far.www.wired.com
Gensler is a piece of work. Dude literally used to give talks about the future of cryptocurrency.
Gary Gensler Says SEC Believes Ethereum Is Not a Security—At MIT in 2018 - Decrypt
A video shows Gary Gensler giving a lecture at MIT where he says that Ethereum is “not a security” in the eyes of the SEC.
decrypt.co
Nugget
Footballguy
It looks like if you had invested $1000 at .0003 and sold at 50 cents you would have made more than 1.6M before taxes. Congrats.You are investing for your company. or something, right? Thats what you said. You are a math man I assume?Whatevs dude. You do you. Stay classy.If you are in this thread talking game and havnt heard of ETH, just stay out. also, id still like to know the mathDon’t trip on your mic cord.You keep on researching. well just keep making moneyNice. Definitely couldn’t have paid cash for that.Sold about $9K of crypto to pay off a car yesterday. real use case that homie
Im not very good at math. what is .0003 to 5.5 cents? as far as what percent I am up? Thats current price even with like a crypto winter.
How about $.0003 to $.50 cents at the towards the high during a bull?
Name a investment that will beat ETH (a safe crypto) over the next year? 5 years? if you dont want to talk about the past.
besides that. keep on
done with you. drops mic
But I will check out ETH.
What percentage are we up? $.0003 to 5cents and .0003 to 50 Cents? Im Curious? Would you consider that a winning investment?
Nathan R. Jessep
Footballguy
This has been the trend. There seems to be somewhat of a flow. BTC first, then ETH, then it's underlings, then the small fish after that. But this pattern has been pretty consistent. The ALTs haven't moved a lot in the last several months except for some small movements and one-offs here and there. We are still another year or so from the BTC halving and impending bull cycle. Some of these ALTs will 100x (or more).
Dan Lambskin
Footballguy
So my dumbass fell for a scam and lost about $1500
I’ll just say I was preoccupied with some other stuff and the scammer did a great job…kudos to him
Working with Coinbase on potential recovery but I figure it’s a long shot. Hopefully I didn’t compromise any other info
I’ll just say I was preoccupied with some other stuff and the scammer did a great job…kudos to him
Working with Coinbase on potential recovery but I figure it’s a long shot. Hopefully I didn’t compromise any other info
Nathan R. Jessep
Footballguy
I've been "got" before too, for a smallish amount thankfully. What happened, if you don't mind sharing? Always good to be aware of potential gotchas.
KGB
Footballguy
oh man. that sucks
KGB
Footballguy
Unfortunately it was locked up. couldnt sell. but to be honest, I woulda never held that long. I woulda got my 3x and sold probably lol. but noone is perfect lol.It looks like if you had invested $1000 at .0003 and sold at 50 cents you would have made more than 1.6M before taxes. Congrats.You are investing for your company. or something, right? Thats what you said. You are a math man I assume?Whatevs dude. You do you. Stay classy.If you are in this thread talking game and havnt heard of ETH, just stay out. also, id still like to know the mathDon’t trip on your mic cord.You keep on researching. well just keep making moneyNice. Definitely couldn’t have paid cash for that.Sold about $9K of crypto to pay off a car yesterday. real use case that homie
Im not very good at math. what is .0003 to 5.5 cents? as far as what percent I am up? Thats current price even with like a crypto winter.
How about $.0003 to $.50 cents at the towards the high during a bull?
Name a investment that will beat ETH (a safe crypto) over the next year? 5 years? if you dont want to talk about the past.
besides that. keep on
done with you. drops mic
But I will check out ETH.
What percentage are we up? $.0003 to 5cents and .0003 to 50 Cents? Im Curious? Would you consider that a winning investment?
I still have my shares and am up a good amount. I have 2 large stakes ending in the next few months
KGB
Footballguy
seems like we have big boy season and alt season. maybe we should like pay attnetion to that
Dan Lambskin
Footballguy
Yep, so basically I had gotten a call from
Coinbase Fraud about a pending transaction that seemed suspicious. They asked for Dan Lambskin which isn’t my real name, but I use that login for a lot of stuff, so for some reason that helped make it seem more legit
I checked Email and did see the pending transfer request, and guy spoke perfect English (not usually typical for scammers) basically had me login through their security site “shield-Coinbase.com”, which was actually sending all the 2 factor stuff to my email, so again seemed legit
essentially said account was now locked and they’d get it straightened out. Then I saw more emails converting all my random coins to BTC and knew I was screwed
Definitely red flags were there in hindsight, and I’m usually pretty savvy with this stuff but they got one over on me
KGB
Footballguy
man. this sucks. thank you for sharing so we know to look out. but man
Nathan R. Jessep
Footballguy
Damn, that's pretty sophisticated with the 2FA even!
The one that got me was a spoof of a Twitter crypto guy that I follow. I had had a couple of adult beverages and should have known better when I got a DM from the dude out of the blue. They had an interface that looked just like the real guy's crypto project page but the URL was different. Lesson learned. Just fortunate that I didn't lose much. Upped my skepticism by about 1000x.
SFBayDuck
Footballguy
So the primary use case is still scamming people?
I kid, a little, but seeing this stuff and still having a few grand locked up in the BlockFi bankruptcy, I continue to be cautiously interested but primarily thinking this is all like playing Faro in Tombstone in the 1880s. Somebody is making money, but most are suckers.
I kid, a little, but seeing this stuff and still having a few grand locked up in the BlockFi bankruptcy, I continue to be cautiously interested but primarily thinking this is all like playing Faro in Tombstone in the 1880s. Somebody is making money, but most are suckers.
Nathan R. Jessep
Footballguy
No, that's fair.
I've learned a ton since that happened to me. Step number one for anybody investing any decent amount of money in crypto should be to move it to either a cold-storage wallet or at the very least a defi wallet like MetaMask, etc. Get your tokens off of exchanges. I mean, I think the big boys like Coinbase are probably ok, but even that's not guaranteed (and they even have their own defi wallet, so that should tell you something lol).
KGB
Footballguy
FTX is/ was a big boy.
I use MM. cold storage coming up.
The other thing to learn here. is both FBG made a mistake. if you have your own wallet/bank, you cannot make mistakes.
sorry guys :(
Craig_MiamiFL
Footballguy
It's been asked by various people time and time again what's the utility of crypto after 13 (?) years and it's always crickets.
I think it's been clarified by at least one they're doing nothing more than gambling so good for being forthright
If they're making money doing what they're doing.....great for them
Last edited:
KGB
Footballguy
Right or wrong, I see it as a stock. Whats the utility of me owning apple stock? I dont get a check for every iphone they sell. Lot of times, stocks have GREAT earnings reports and go down. Yes, I understand this is a very simple way of looking at things.It's been asked by various people time and time again what's the utility of crypto after 13 (?) years and it's always crickets.
I think it's been clarified by at least one they're doing nothing more than gambling so good for being forthright
If they're making money doing what they're doing.....great for them
i just see stocks and crypto as the same thing, both can go up or down. i think stocks are gambling too though.
We hired a financial advisor and their goal is like 6% a year. inflation is like what? 3? big whoop
I think go ahead and have a bunch of $$$ in safer things, but you have to take some hail marys.
For me, this is my hail mary thread. to each thier own. and its not for everyone.
Actually, you do get a check from Apple. They pay a dividend. Sorry, but Apple stock is not a good example because you do in fact own part of every iPhone sold. That’s what gives the stock its value. It will go up if they sell more than expected and go down if they don’t. There is not an underlying business with most crypto. Everything is based on halving for Bitcoin and trending charts which are self fulfilling prophecies. There is a big amount of faith and honestly 99% of the alt coins will be worth nothing. I’m not sure where the big coins will be but I think comparing to Apple is silly. You are a gambler and there’s nothing wrong with that. Plenty of meme stocks out there that are gambling/a game and not rooted in fundamentals but I’ll give you two examples. If a private equity firm wanted to own Bitcoin’s business and Apple’s business, they could easily come up with a cash offer to Apple for their cash value and Apple could sell their business and then pay off debt and hand their cash plus cash from the deal to the shareholders. You could use the market cap of the coins to make the shareholders whole but how would the private equity firm value the cash they’d pay out. There’s no real revenue stream just a market price for the coin. I think that’s what a lot of the crypto doubters fall back on, they don’t see a utility or revenue stream to value the business. I can see the transfer of goods and payment in crypto but that’s no different than all the credit card/digital payment companies out there now. You can argue efficiencies and less cost but none of the middleware “coins” in the middle of the transfer are worth anything or traded. There is just a fee on a transaction. In all of the crypto transactions, what percent is actual business being conducted versus investors trading shares of coins? Yes, people trade stock in the same way but the stock is ownership in a business. That business could fail or succeed. If I pay $30k for 1 BTC, what do I own or get dividend checks on outside of faith that someone else will give me $30k for that BTC?Right or wrong, I see it as a stock. Whats the utility of me owning apple stock? I dont get a check for every iphone they sell. Lot of times, stocks have GREAT earnings reports and go down. Yes, I understand this is a very simple way of looking at things.It's been asked by various people time and time again what's the utility of crypto after 13 (?) years and it's always crickets.
I think it's been clarified by at least one they're doing nothing more than gambling so good for being forthright
If they're making money doing what they're doing.....great for them
i just see stocks and crypto as the same thing, both can go up or down. i think stocks are gambling too though.
We hired a financial advisor and their goal is like 6% a year. inflation is like what? 3? big whoop
I think go ahead and have a bunch of $$$ in safer things, but you have to take some hail marys.
For me, this is my hail mary thread. to each thier own. and its not for everyone.
I’m not a hater as I think there is some interesting technology but I still have a lot of doubt.
KGB
Footballguy
Good post my friend. I could argue that they can take away the dividend, etc. but your point is still correct.Actually, you do get a check from Apple. They pay a dividend. Sorry, but Apple stock is not a good example because you do in fact own part of every iPhone sold. That’s what gives the stock its value. It will go up if they sell more than expected and go down if they don’t. There is not an underlying business with most crypto. Everything is based on halving for Bitcoin and trending charts which are self fulfilling prophecies. There is a big amount of faith and honestly 99% of the alt coins will be worth nothing. I’m not sure where the big coins will be but I think comparing to Apple is silly. You are a gambler and there’s nothing wrong with that. Plenty of meme stocks out there that are gambling/a game and not rooted in fundamentals but I’ll give you two examples. If a private equity firm wanted to own Bitcoin’s business and Apple’s business, they could easily come up with a cash offer to Apple for their cash value and Apple could sell their business and then pay off debt and hand their cash plus cash from the deal to the shareholders. You could use the market cap of the coins to make the shareholders whole but how would the private equity firm value the cash they’d pay out. There’s no real revenue stream just a market price for the coin. I think that’s what a lot of the crypto doubters fall back on, they don’t see a utility or revenue stream to value the business. I can see the transfer of goods and payment in crypto but that’s no different than all the credit card/digital payment companies out there now. You can argue efficiencies and less cost but none of the middleware “coins” in the middle of the transfer are worth anything or traded. There is just a fee on a transaction. In all of the crypto transactions, what percent is actual business being conducted versus investors trading shares of coins? Yes, people trade stock in the same way but the stock is ownership in a business. That business could fail or succeed. If I pay $30k for 1 BTC, what do I own or get dividend checks on outside of faith that someone else will give me $30k for that BTC?Right or wrong, I see it as a stock. Whats the utility of me owning apple stock? I dont get a check for every iphone they sell. Lot of times, stocks have GREAT earnings reports and go down. Yes, I understand this is a very simple way of looking at things.It's been asked by various people time and time again what's the utility of crypto after 13 (?) years and it's always crickets.
I think it's been clarified by at least one they're doing nothing more than gambling so good for being forthright
If they're making money doing what they're doing.....great for them
i just see stocks and crypto as the same thing, both can go up or down. i think stocks are gambling too though.
We hired a financial advisor and their goal is like 6% a year. inflation is like what? 3? big whoop
I think go ahead and have a bunch of $$$ in safer things, but you have to take some hail marys.
For me, this is my hail mary thread. to each thier own. and its not for everyone.
I’m not a hater as I think there is some interesting technology but I still have a lot of doubt.
I guess, for me, for things i talk about in this thread, its gambling. excpet for the meme stocks, the stock thread is more about "investing"
But there are plenty of people buying and holding crypto. so, i dont know
I just wish us all the best
KGB
Footballguy
Blackjack bet.
coinmarketcap.com
$0.00000074
HOLA!
also, here is a link for advanced users for lots of stuff.
Pepe price today, PEPE to USD live price, marketcap and chart | CoinMarketCap
The live Pepe price today is $0.00002299 USD with a 24-hour trading volume of $2,132,843,884.50 USD. We update our PEPE to USD price in real-time.
coinmarketcap.com
HOLA!
also, here is a link for advanced users for lots of stuff.
KGB
Footballguy
The coin I wanted to get in but there isnt enough liquidity
coinmarketcap.com
$0.0005825
I cant seem to be able to buy it
TETRA/LUSD Real-time On-chain DEX Data
Free access to view on-chain dex data for TETRA/LUSD in real-time
I cant seem to be able to buy it
KGB
Footballguy
My perfect world is APPLE opening crypto purchasing. oh myActually, you do get a check from Apple. They pay a dividend. Sorry, but Apple stock is not a good example because you do in fact own part of every iPhone sold. That’s what gives the stock its value. It will go up if they sell more than expected and go down if they don’t. There is not an underlying business with most crypto. Everything is based on halving for Bitcoin and trending charts which are self fulfilling prophecies. There is a big amount of faith and honestly 99% of the alt coins will be worth nothing. I’m not sure where the big coins will be but I think comparing to Apple is silly. You are a gambler and there’s nothing wrong with that. Plenty of meme stocks out there that are gambling/a game and not rooted in fundamentals but I’ll give you two examples. If a private equity firm wanted to own Bitcoin’s business and Apple’s business, they could easily come up with a cash offer to Apple for their cash value and Apple could sell their business and then pay off debt and hand their cash plus cash from the deal to the shareholders. You could use the market cap of the coins to make the shareholders whole but how would the private equity firm value the cash they’d pay out. There’s no real revenue stream just a market price for the coin. I think that’s what a lot of the crypto doubters fall back on, they don’t see a utility or revenue stream to value the business. I can see the transfer of goods and payment in crypto but that’s no different than all the credit card/digital payment companies out there now. You can argue efficiencies and less cost but none of the middleware “coins” in the middle of the transfer are worth anything or traded. There is just a fee on a transaction. In all of the crypto transactions, what percent is actual business being conducted versus investors trading shares of coins? Yes, people trade stock in the same way but the stock is ownership in a business. That business could fail or succeed. If I pay $30k for 1 BTC, what do I own or get dividend checks on outside of faith that someone else will give me $30k for that BTC?Right or wrong, I see it as a stock. Whats the utility of me owning apple stock? I dont get a check for every iphone they sell. Lot of times, stocks have GREAT earnings reports and go down. Yes, I understand this is a very simple way of looking at things.It's been asked by various people time and time again what's the utility of crypto after 13 (?) years and it's always crickets.
I think it's been clarified by at least one they're doing nothing more than gambling so good for being forthright
If they're making money doing what they're doing.....great for them
i just see stocks and crypto as the same thing, both can go up or down. i think stocks are gambling too though.
We hired a financial advisor and their goal is like 6% a year. inflation is like what? 3? big whoop
I think go ahead and have a bunch of $$$ in safer things, but you have to take some hail marys.
For me, this is my hail mary thread. to each thier own. and its not for everyone.
I’m not a hater as I think there is some interesting technology but I still have a lot of doubt.
for that, I would sell all my everything and invest in apple or apple coin. I actually purchased an ipad just in case apple releases a token and you have to be an apple user to get it
KGB
Footballguy
https://coinmarketcap.com/currencies/pepe/ just dropped a zero.Blackjack bet.
$0.00000074Pepe price today, PEPE to USD live price, marketcap and chart | CoinMarketCap
The live Pepe price today is $0.00002299 USD with a 24-hour trading volume of $2,132,843,884.50 USD. We update our PEPE to USD price in real-time.
HOLA!
also, here is a link for advanced users for lots of stuff.
its only been a few hours. lets see tomorrow
Captain Cranks
Footballguy
Several people have answered this question in this very thread. Here's a good debate about Bitcoin and the issue it can solve. Saylor does an excellent job of explaining the issue although I wish he wouldn't have been so defensive towards the end. All the guy wanted to know was "is Bitcoin the inevitable solution" and the answer is obviously "no". But it is the highest probability solution at this point in time.It's been asked by various people time and time again what's the utility of crypto after 13 (?) years and it's always crickets.
I think it's been clarified by at least one they're doing nothing more than gambling so good for being forthright
If they're making money doing what they're doing.....great for them
Nathan R. Jessep
Footballguy
I think that's coming. It's been rumored for a while now. https://en.cryptonomist.ch/2023/04/26/apple-drifting-away-own-bitcoin-wallet/
Samsung has it already, it seems.
beer 30
Footballguy
Me too, still getting those damn Voyager emails
KGB
Footballguy
Sold at $.00000117. Kept half the profit in pepe just in case, but still made a nice chunkBlackjack bet.
$0.00000074Pepe price today, PEPE to USD live price, marketcap and chart | CoinMarketCap
The live Pepe price today is $0.00002299 USD with a 24-hour trading volume of $2,132,843,884.50 USD. We update our PEPE to USD price in real-time.
HOLA!
also, here is a link for advanced users for lots of stuff.
Nathan R. Jessep
Footballguy
QUICK TAKE
- PayPal rolled out crypto transfers in June, now Americans using Venmo will be able to do the same.
- Venmo customers can also transfer crypto to external wallets.
KGB
Footballguy
Im not sure how this is for everyone, but I get paid in venmo pretty often, I like the idea of just sending it to my wallet to DCA
KGB
Footballguy
OK, so imActually, you do get a check from Apple. They pay a dividend. Sorry, but Apple stock is not a good example because you do in fact own part of every iPhone sold. That’s what gives the stock its value. It will go up if they sell more than expected and go down if they don’t. There is not an underlying business with most crypto. Everything is based on halving for Bitcoin and trending charts which are self fulfilling prophecies. There is a big amount of faith and honestly 99% of the alt coins will be worth nothing. I’m not sure where the big coins will be but I think comparing to Apple is silly. You are a gambler and there’s nothing wrong with that. Plenty of meme stocks out there that are gambling/a game and not rooted in fundamentals but I’ll give you two examples. If a private equity firm wanted to own Bitcoin’s business and Apple’s business, they could easily come up with a cash offer to Apple for their cash value and Apple could sell their business and then pay off debt and hand their cash plus cash from the deal to the shareholders. You could use the market cap of the coins to make the shareholders whole but how would the private equity firm value the cash they’d pay out. There’s no real revenue stream just a market price for the coin. I think that’s what a lot of the crypto doubters fall back on, they don’t see a utility or revenue stream to value the business. I can see the transfer of goods and payment in crypto but that’s no different than all the credit card/digital payment companies out there now. You can argue efficiencies and less cost but none of the middleware “coins” in the middle of the transfer are worth anything or traded. There is just a fee on a transaction. In all of the crypto transactions, what percent is actual business being conducted versus investors trading shares of coins? Yes, people trade stock in the same way but the stock is ownership in a business. That business could fail or succeed. If I pay $30k for 1 BTC, what do I own or get dividend checks on outside of faith that someone else will give me $30k for that BTC?Right or wrong, I see it as a stock. Whats the utility of me owning apple stock? I dont get a check for every iphone they sell. Lot of times, stocks have GREAT earnings reports and go down. Yes, I understand this is a very simple way of looking at things.It's been asked by various people time and time again what's the utility of crypto after 13 (?) years and it's always crickets.
I think it's been clarified by at least one they're doing nothing more than gambling so good for being forthright
If they're making money doing what they're doing.....great for them
i just see stocks and crypto as the same thing, both can go up or down. i think stocks are gambling too though.
We hired a financial advisor and their goal is like 6% a year. inflation is like what? 3? big whoop
I think go ahead and have a bunch of $$$ in safer things, but you have to take some hail marys.
For me, this is my hail mary thread. to each thier own. and its not for everyone.
I’m not a hater as I think there is some interesting technology but I still have a lot of doubt.
but to talk a bit. Even if I owned a TON of APPLE, for instance, I cant buy 5% of apple and even get a seat at the table to say, make all the iphones purple!, make a crypto wallet! nothing. maybe elon can, but no one on this board can. we really dont get paid per iphone. even with a dividend. they can pay themselves whatever they want. remove the dividend at anytime, decide to reinvest in the company instead of show $$$, decide to buy back stock. I get it, the common man needs something to invest in. and thats been the stock market. we, you and I have no control at all.
I think people who think they "own" a part of the company is kinda BS. Try to go into an apple store and act like an owner.
Yeah, I guess with a dividend, you can make an argument. but come on. It's all gamed against the common man. Granted, I dont know the solution, besides investing, but we are all a year behind the "haves" we are the have nots. Once you have money, then sure, that dividend can be important.(like being retired) But for the common man, who has less than 10K in checking, or working paycheck to paycheck. You put that money into crypto my friend . 6% a year. **** that!
The haves know if we are going to go to war vs russia a year before we do.
Any way. I see it all as a gamble. look at last year. almost all losers. even the smart guys.
Id rather gamble on something that can go up 10000000 percent vs my "financial advisor 6% hopefully" (at least with my 10% gambling fund) (which is what this thread should be about IMO)
im not saying put all your money in Bitcoin, but you could have done a lot worse over the last 14 years.
or 10 years, etc
any ways
Nathan R. Jessep
Footballguy
The haves are actively buying BTC while telling you not to right now. Search Jamie Dimon and Buffet (or any other bigwigs for that matter) and look up their quotes about BTC over the last several years. Now go search what they have quietly invested in during the same time period. They're buying it because just like gold, etc. they want to own the asset and sell you derivatives and shares when this stuff really gets mass adoption. You can believe in it or not. You can think it has use case or not. Just like with stocks, precious metals, etc. unless you are buying the "hard copies" you are essentially investing in the market sentiment. Crypto markets are no different in that respect.
