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Bitcoin-Explain to me how to buy these things (5 Viewers)

Brunell4MVP said:
SFBayDuck said:
Brunell4MVP said:
Partial sell off of mine today. Took some nice profits. Could go buy a Rolls Royce with it, but more likely gonna stick it into the S&P 500 fund w my other crap. 15% tax rate is an annoyance, but not as much as the ridiculous transaction fees ... even using Coinbase Core to offload. I'm just getting too old to play with this money, and even more worried about croaking and my wife/kids having no idea how to get to this stuff. Most of it was bought 5+ years ago. If it was in an ETF I'd feel better about them getting easy access to it.
Click to expand...

Nice, congrats! Totally get the complexity thing - I own crypto at Coinbase, Coinbase Wallet, PayPal, Fidelity Crypto, and via ETFs in Roth accounts. Everything but cold storage.
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I moved the cold storage stuff into coinbase a while back. But even then trying to explain to my wife that can't scan from her own printer how to get into multi-authenticated Coinbase especially if my computer goes down with me is a real pain. ETFs are the way to go these days. I don't like em because their bots determine sells and buys, and to me that doesn't really represent what crypto was meant to be. It's now a commodity like oranges moreso than a currency. But it is what it is. The taxes and fees to get this stuff out are really a tough thing to manage....whether its crypto or retirement savings. Have to move it piece by piece. So that's the plan. Move partial amounts year by year.

I wonder how much crypto is out there that has essentially been abandoned. Whether it was on hard drives, lost, people couldn't get to it, stolen, death, etc. I have to think the value of abandoned crypto is astonomical.
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If you were to die I would think your wife would just be able to contact Coinbase as the beneficiary and not have to do the 2FA etc.

At least that's what I'm counting on with all of our accounts, even fiat ones as she doesn't know the passwords.
 
Anyone here keeping up with Trump looking to eliminate capital gains taxes on US based crypto projects? Is that possible?

They keep talking about Cardano, Solana and Constellation. I own none of that.

Just seems like absolutely huge news, but a lot of this is over my head admittedly.

XRP hasn't been mentioned here in a while. I had a little chunk of that I've been holding on to since I just got into this. Its had a nice run lately.
 
jb1020 said:
Anyone here keeping up with Trump looking to eliminate capital gains taxes on US based crypto projects? Is that possible?

They keep talking about Cardano, Solana and Constellation. I own none of that.

Just seems like absolutely huge news, but a lot of this is over my head admittedly.

XRP hasn't been mentioned here in a while. I had a little chunk of that I've been holding on to since I just got into this. Its had a nice run lately.
Click to expand...
I took some profit on an old XRP bag. I don't have any DAG, but it has been on my watch list for a year or so. Will prob pick some up if we do get a big dip. SOL I've had for a while and have already taken some profits on that, so willing to let the rest ride. Same for ADA.
 
FreeBaGeL said:
Brunell4MVP said:
SFBayDuck said:
Brunell4MVP said:
Partial sell off of mine today. Took some nice profits. Could go buy a Rolls Royce with it, but more likely gonna stick it into the S&P 500 fund w my other crap. 15% tax rate is an annoyance, but not as much as the ridiculous transaction fees ... even using Coinbase Core to offload. I'm just getting too old to play with this money, and even more worried about croaking and my wife/kids having no idea how to get to this stuff. Most of it was bought 5+ years ago. If it was in an ETF I'd feel better about them getting easy access to it.
Click to expand...

Nice, congrats! Totally get the complexity thing - I own crypto at Coinbase, Coinbase Wallet, PayPal, Fidelity Crypto, and via ETFs in Roth accounts. Everything but cold storage.
Click to expand...


I moved the cold storage stuff into coinbase a while back. But even then trying to explain to my wife that can't scan from her own printer how to get into multi-authenticated Coinbase especially if my computer goes down with me is a real pain. ETFs are the way to go these days. I don't like em because their bots determine sells and buys, and to me that doesn't really represent what crypto was meant to be. It's now a commodity like oranges moreso than a currency. But it is what it is. The taxes and fees to get this stuff out are really a tough thing to manage....whether its crypto or retirement savings. Have to move it piece by piece. So that's the plan. Move partial amounts year by year.

I wonder how much crypto is out there that has essentially been abandoned. Whether it was on hard drives, lost, people couldn't get to it, stolen, death, etc. I have to think the value of abandoned crypto is astonomical.
Click to expand...

If you were to die I would think your wife would just be able to contact Coinbase as the beneficiary and not have to do the 2FA etc.

At least that's what I'm counting on with all of our accounts, even fiat ones as she doesn't know the passwords.
Click to expand...

I was able to find the data ... 3.7M BTC is considered "lost" (of the ~21M currently in circulation). I assume most of it was "lost" before it had much value to their owners. But its current worth would be $370B.

Still own BTC. Just being more careful with it becasue I don't think it's much different than putting money in a commodity or the S&P 500. So why not go the safer route. Now playing the memecoin game for the upside aspect. The simple move of a decimal point is worth 10x on coins trading in the thousandths of a decimal. Have to do DCA though, cause it bounces all over the place.
 
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ETH with a nice bump today, is it finally joining the party? Priced in BTC, it's down about 37% over the last 6 and 12 months, and in USD terms it's still down (even with today's spike) over the last 6 months.
 
SFBayDuck said:
ETH with a nice bump today, is it finally joining the party? Priced in BTC, it's down about 37% over the last 6 and 12 months, and in USD terms it's still down (even with today's spike) over the last 6 months.
Click to expand...
Not convinced yet but maybe soon. Bitcoin dominance is still EATING. ETH dominance had a little pop today on a small pullback on BTC dom, but BTC dom is still in an uptrend and ETH a downtrend. I don't think we're quite done with BTC upside in the short term (next few months). But any brief pause or pullback will give ETH and then alts some room to run.

I was reading a theory today about how all the Layer 2s on ETH (with it being the largest network) may be sucking some of the liquidity away from ETH itself. IDK if that's true, but thought it to be interesting.
 
Peyton Marino said:
anyone been buying MSTR? it feels like they're basically a bitcoin hedge fund at this point. i bought like 5k worth a couple years ago and forgot about it. it's now the best performing stock i've ever bought.
Click to expand...

Yeah we've been talking about this one in the Stock thread a bit, it's become my second biggest individual stock holding. Best performing stock this year, I believe. But sure seems like a potential house of cards that could collapse at some point. But along for the ride for now.
 
Brunell4MVP said:
SFBayDuck said:
Brunell4MVP said:
Partial sell off of mine today. Took some nice profits. Could go buy a Rolls Royce with it, but more likely gonna stick it into the S&P 500 fund w my other crap. 15% tax rate is an annoyance, but not as much as the ridiculous transaction fees ... even using Coinbase Core to offload. I'm just getting too old to play with this money, and even more worried about croaking and my wife/kids having no idea how to get to this stuff. Most of it was bought 5+ years ago. If it was in an ETF I'd feel better about them getting easy access to it.
Click to expand...

Nice, congrats! Totally get the complexity thing - I own crypto at Coinbase, Coinbase Wallet, PayPal, Fidelity Crypto, and via ETFs in Roth accounts. Everything but cold storage.
Click to expand...


I moved the cold storage stuff into coinbase a while back. But even then trying to explain to my wife that can't scan from her own printer how to get into multi-authenticated Coinbase especially if my computer goes down with me is a real pain. ETFs are the way to go these days. I don't like em because their bots determine sells and buys, and to me that doesn't really represent what crypto was meant to be. It's now a commodity like oranges moreso than a currency. But it is what it is. The taxes and fees to get this stuff out are really a tough thing to manage....whether its crypto or retirement savings. Have to move it piece by piece. So that's the plan. Move partial amounts year by year.

I wonder how much crypto is out there that has essentially been abandoned. Whether it was on hard drives, lost, people couldn't get to it, stolen, death, etc. I have to think the value of abandoned crypto is astonomical.
Click to expand...

Would guesstimate at least 4 million of the 21 million total supply has already been lost and I feel like thats conservative.
 
SFBayDuck said:
Sand said:
BTC epic crash to 95k. :p
Click to expand...

BTC sellers defending that $100K line in the sand
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Nah, it's mostly the stupid bots. They keep it from going up too fast or down drastically. Individual investors likely set long term price target of $100K, and are smart enough to set the sell at $98-99K if so. Let's pretend you bought 100 BTC back in the day as a joke for like $500 each. Pretty nice to walk away with $10M. But that pales in comparison to the bots knowing that and getting every single penny out of their 300,000 BTC by their bots doing auto day trading
 
Last I checked last night, there was just north of 2 Billion dollars of liquidity sitting between 95, 150 and 91, 850. This morning we dipped into that and took about 1/3 of it. My hunch is that we are coming for the rest of it. Maybe not, but I'd say it's likely. There's another 1 Billion above us up to 101K still, so I am thinking currently that we will dip to that 91850ish mark, then send it up thru 100K. There are some sell orders sitting at 100K but not a huge amount at the moment. I actually see a much bigger set of spot sell orders at 130K. #NFA
 
I know this is mostly about bitcoin and I don't venture much outside of that, but XRP cooking right now.
 
Whew. Face-melting liquidity grab right after market close today. It looks like they got it all. lol I expect we might have another move when the Unemployment data drops in the AM. Overall still expecting much more upside in the next month or two.
 
Humble brag here. Way back in the beginning of this thread I started messing with btc so I could use a gambling site. I shudder to think of how much I squandered, but I did teach my 17 year old what little I knew about this stuff then, set her up with a wallet and put 1btc in it for Christmas. Price? $780.78. :)

9 years later she is struggling with high rent, veterinarian bills, an old vehicle she hates and some credit card debt. She is kind of clueless after all these years and doesn't know how to convert to fiat. I refused to help but she went to crypto.com and got advice. Ooof. She wants all of it, but 30k will bring relief. They offered a 50% LTV deal that had her confused, but I could tell there was no stoppin her. That's a lot of collateral and considerable risk should btc crash. Sooo, in the original spirit of peer to peer defi, she's sent me .3 btc and I don't calculate interest every hour or require a 12 month payoff. I just bought it. The love and hugs and joy were priceless. My cost basis bumped a tad. So worth it. I'm her hero.

Captain Cranks said:
Here for the previous poo-pooers to tell us they finally bought a small bag.
Click to expand...

Several I convinced to get in the game even if through PayPal have dabbled, bailed and poo pooed on it. They won't talk about it now. Change the subject immediately. :shrug:
 
Chaos34 said:
even if through PayPal
Click to expand...


I bought my first BTC as soon as PayPal offered it in late 2020. Unfortunately it wasn't much (but I still have it). A couple of years later I set up a daily recurring buy at BlockFi, that went well...until it didn't. Now I have some via Coinbase, some via FBTC in Roth accounts, some via Fidelity Crypto, and own some MSTR.

But man am I annoyed I missed the early days, as I was always an early tech adopter. I learned to program Basic on a Commodore Pet in 1981 or '82. We had PCs at home shortly after that, I remember playing some game called Adventure(?) that was just text, I'd play that for hours in middle school. Was cataloging my hoop cards in databases. Got on Prodigy in 1990, emailing and talking on message boards and even meeting people in person from there. My friends couldn't even comprehend what I was doing (you meet people....on the computer?). Hell I've worked in tech for 25 years now.

But I somehow just missed the early days of BTC. :kicksrock:
 
Chaos34 said:
...

Captain Cranks said:
Here for the previous poo-pooers to tell us they finally bought a small bag.
Click to expand...

Several I convinced to get in the game even if through PayPal have dabbled, bailed and poo pooed on it. They won't talk about it now. Change the subject immediately. :shrug:
Click to expand...
I think btc has a place in everyone's portfolio, even if they didn't believe in it a week ago or a year ago or whatever.
It's a party and everyone's invited, just no kids or dogs.
 
brun said:
Chaos34 said:
...

Captain Cranks said:
Here for the previous poo-pooers to tell us they finally bought a small bag.
Click to expand...

Several I convinced to get in the game even if through PayPal have dabbled, bailed and poo pooed on it. They won't talk about it now. Change the subject immediately. :shrug:
Click to expand...
I think btc has a place in everyone's portfolio, even if they didn't believe in it a week ago or a year ago or whatever.
It's a party and everyone's invited, just no kids or dogs.
Click to expand...

FOMO as an investment strategy. Honestly that's what all funds are becoming. Even S&P 500 funds. You gotta put your money somewhere other than under the mattress. Put it almost anywhere. It will go up if it doesn't go bankrupt and you hold it long enough.
 
It's going to be interesting to see what happens in Bitcoin in 2025.

I would be surprised if it didn't hit at least $150K in 2025. Trump has surrounded himself with a lot of very pro-Bitcoin people, but actions will be telling here. If he "creates" a Bitcoin Strategic Fund without actually buying, just not selling, is that bullish? There are 14 states will bills to have Strategic Funds, but not sure if any are realistic or pipe dreams.

I think there is going to be a lot of uncertainty over tariffs, inflation, interest rates in 2025, especially early on so that could, and will, impact riskier assets as Bitcoin is often classified as.

Drawback from $108K to $89K, now back to about $97K, but has been bouncing around primarily in the 90's over the last month.

Let's see if another drawdown is in the cards or if there any specific actions on Day 1 that Trump does that may cause Bitcoin to run.
 
My bitcoin projections are more bullish than yours. But I do anticipate a couple of mini-crashes. Maybe 1 in the May +/- a few weeks period, and then again in September which is historically a down month.
Also think 2026 will be a down year in general.
I'm basing this on the historical 4 year cycle related to the halving. But cycles don't repeat forever. So, we'll see.
 
brun said:
My bitcoin projections are more bullish than yours. But I do anticipate a couple of mini-crashes. Maybe 1 in the May +/- a few weeks period, and then again in September which is historically a down month.
Also think 2026 will be a down year in general.
I'm basing this on the historical 4 year cycle related to the halving. But cycles don't repeat forever. So, we'll see.
Click to expand...

With so many more potential avenues for Bitcoin than there were in previous cycles, I'm not convinced that we'll see these 80% drawdowns as part of a cycle. I do think we'll continue to see, as we have recently seen Bitcoin drop from $108K to $89K, 20% type corrections. ETF's/institutions, nation states, retail...
 
cubd8 said:
brun said:
My bitcoin projections are more bullish than yours. But I do anticipate a couple of mini-crashes. Maybe 1 in the May +/- a few weeks period, and then again in September which is historically a down month.
Also think 2026 will be a down year in general.
I'm basing this on the historical 4 year cycle related to the halving. But cycles don't repeat forever. So, we'll see.
Click to expand...

With so many more potential avenues for Bitcoin than there were in previous cycles, I'm not convinced that we'll see these 80% drawdowns as part of a cycle. I do think we'll continue to see, as we have recently seen Bitcoin drop from $108K to $89K, 20% type corrections. ETF's/institutions, nation states, retail...
Click to expand...
The avenues are in Solana and Sui...
 
urbanhack said:
cubd8 said:
brun said:
My bitcoin projections are more bullish than yours. But I do anticipate a couple of mini-crashes. Maybe 1 in the May +/- a few weeks period, and then again in September which is historically a down month.
Also think 2026 will be a down year in general.
I'm basing this on the historical 4 year cycle related to the halving. But cycles don't repeat forever. So, we'll see.
Click to expand...

With so many more potential avenues for Bitcoin than there were in previous cycles, I'm not convinced that we'll see these 80% drawdowns as part of a cycle. I do think we'll continue to see, as we have recently seen Bitcoin drop from $108K to $89K, 20% type corrections. ETF's/institutions, nation states, retail...
Click to expand...
The avenues are in Solana and Sui...
Click to expand...
I like both and have SUI, along with XRP & APT.
I don't have SOL because it's one of my son's holdings already and I just didn't have room for it since I was trying to keep alts at about 10-15% of my bitcoin.
 
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