urbanhack
Fight The Power!
I haven’t bought anything in a long time. Moved everything I had into Coinbase and selling most of it off during this run.
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Bitcoin-Explain to me how to buy these things (1 Viewer)
- Thread starter Sheriff Bart
- Start date
brun
Footballguy
Just thought I'd add -
You can use an exchange like Coinbase, personally I favor Uphold. Usually you can add funds via a cc or bank ach.
You can also get exposure thru an etf with your existing broker.
Then there are opportunities to buy related stocks like Strategy.
If you prefer tax free growth, you might consider an exchange that offers a Roth. I have a Roth with iTrust Capital. There a others.
You can use an exchange like Coinbase, personally I favor Uphold. Usually you can add funds via a cc or bank ach.
You can also get exposure thru an etf with your existing broker.
Then there are opportunities to buy related stocks like Strategy.
If you prefer tax free growth, you might consider an exchange that offers a Roth. I have a Roth with iTrust Capital. There a others.
Nathan R. Jessep
Footballguy
Happy ATH day!!
ETH knocking on the door too! LFG!
ETH knocking on the door too! LFG!
Sand
Footballguy
Kevin Durant - way, way more rich since he forgot his password.
If it's just an issue with his Coinbase password, he should be able to reset it like any other site, this isn't really a problem. If he's got his own keys and in cold storage, that's another issue.
I do hourly purchases on Strike. You can transfer to cold storage, but understand why people would use Coinbase.
jb1020
Footballguy
Checking in. Where are we at? BTC just hit another all time high.
I'm no expert here, but I lived thru the last cycle. Thought I knew what I was doing and got caught up in the FTX/Blockfi debacle. I feel fairly fortunate to have anything left.
I've paid so much less attention to crypto this past cycle. My portfolio is considerably smaller than last go around.
My question...are any of you getting out right now? I follow this guy on X, Blockchain Backer. I don't subscribe to him, but I watch his videos from time to time. Nov 2021, he nailed it. He made a video saying the crash was coming and he was out. It happened with the week, if I recall.
This weekend he just put out a video saying he was going to 50% cash in his portfolio. I feel like 2021 me would be screaming to follow this guys lead again.
Anyone else going this route? I'm gonna sleep on it, but I'm leaning towards this move. I still remember BTC hitting $60k and thinking how awesome it was, only to see it go back to less than $20k within a month.
I'm no expert here, but I lived thru the last cycle. Thought I knew what I was doing and got caught up in the FTX/Blockfi debacle. I feel fairly fortunate to have anything left.
I've paid so much less attention to crypto this past cycle. My portfolio is considerably smaller than last go around.
My question...are any of you getting out right now? I follow this guy on X, Blockchain Backer. I don't subscribe to him, but I watch his videos from time to time. Nov 2021, he nailed it. He made a video saying the crash was coming and he was out. It happened with the week, if I recall.
This weekend he just put out a video saying he was going to 50% cash in his portfolio. I feel like 2021 me would be screaming to follow this guys lead again.
Anyone else going this route? I'm gonna sleep on it, but I'm leaning towards this move. I still remember BTC hitting $60k and thinking how awesome it was, only to see it go back to less than $20k within a month.
brun
Footballguy
The halving cycle suggests that the we would see a high point in this last quarter of 2025 and then have a significant drawdown in 2026.
With that in mind I was planning on selling in chunks starting around Halloween.
I haven't committed yet. I might just do a portion or I might wait another month or 2.
Part of my hesitation it because all the institutional, government etc. stockpiling might smooth out the ups and downs. I hate to trigger tax events for price movements that are no longer significant.
So a year ago I was confident in my plan. Now, not so much.
With that in mind I was planning on selling in chunks starting around Halloween.
I haven't committed yet. I might just do a portion or I might wait another month or 2.
Part of my hesitation it because all the institutional, government etc. stockpiling might smooth out the ups and downs. I hate to trigger tax events for price movements that are no longer significant.
So a year ago I was confident in my plan. Now, not so much.
If you still believe in a 4 year cycle, your timeline is correct, but I don't think it's clear that we're in that same structure. We probably won't know either until things play out. I think it's safe to say we're going to continue to see drawdowns of 30% and most of the time the price action seems to be within a range, but it's hard for me to think that institutional investing/ETF's may have changed the 4 year cycle structure and the asset may become less volatile over time.
I think, short-term, whether that's 3 months or another year, this is prime time for Bitcoin. Money printer is on, rates are being cut now. We should see higher prices for Bitcoin.
Had you put $1000 into BitCoin when this thread started, you'd have over $160K today.160x return over 9 years is good, right?
I'm always too late to the party.
If you think the price of 1 BTC will be $300K in the next 3-4 years, that's a great return. It's not too early if you believe in the value of the asset.
urbanhack
Fight The Power!
I'm assuming it's just time to sell off all the original trendy coins from 5 to 10 years ago...they aren't coming back, right?
Algo
Avalanche
Polkadot
Polygon
Uniswap
IOTA
etc.
Thinking about cashing in the rest of my bitcoin and all these now **** coins, probably make a few grand and call it a day. There is absolutely no way for anyone to track the tax gains on any of these coins as I've moved them over different exchanges throughout the years and also converted them.
Algo
Avalanche
Polkadot
Polygon
Uniswap
IOTA
etc.
Thinking about cashing in the rest of my bitcoin and all these now **** coins, probably make a few grand and call it a day. There is absolutely no way for anyone to track the tax gains on any of these coins as I've moved them over different exchanges throughout the years and also converted them.
I keep things simple and avoid the rest. Bitcoin maxi.
