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Bitcoin-Explain to me how to buy these things (4 Viewers)
- Thread starter Sheriff Bart
- Start date
Nathan R. Jessep
Footballguy
jb1020
Footballguy
This is what has me most nervous. Whenever this "parabolic" run up that BTC and Eth are supposed to make I have a feeling the exchanges will go down. And instead of being able to sell at or near the top, you're going to be stuck selling on the way down.
BTC might go from $75k to $125k in 48 hours, but I'm betting its not going to be easy to dump it all.
KGB
Footballguy
PinkydaPimp
Footballguy
Sold about 40% of my Shiba. Still going up. Bananas.Hater
SHIBA fittin' to eat a zero...GET OFF MY LAWN!!!!
Nathan R. Jessep
Footballguy
Nathan R. Jessep
Footballguy
Capella
Footballguy
Captain Cranks
Footballguy
Well, make sure you say "some" in there. There are people who bought GME in the $400s. There are people who bought AMC at $70. There are people who bought DOGE above $0.70. There were people who bought DWAC at $170+. Otis' BIL bought CYDY at $8 or $9. That's why I broke down the people into groups. The founder of ETH was given 5% of all SHIB coins and donated them since he was wealthy owning so much of ETH. The folks that created SHIB probably have hundreds of trillions and are enjoying offloading them to retail investors right now. SHIB will be in that list, we just don't know where it peaks.
Captain Cranks
Footballguy
SHIB is certainly running better than I expected. Congrats to those who are hodling.
In terms of expectations, though, recognize that the life changing gains offered by DOGE and SHIB have already occurred. Those piling in now are somewhat late to the party and the risk/reward is no longer very good.
In terms of expectations, though, recognize that the life changing gains offered by DOGE and SHIB have already occurred. Those piling in now are somewhat late to the party and the risk/reward is no longer very good.
UOFI_316
Footballguy
While not life changing, it will make for a good story at Christmas when Santa can buy all the presents for my kids and nieces/nephews from a $75 investment over a month. (All assuming that Coinbase works again and I can sell). And I will still have some for when it finally eats all the zeros and get to $1.
unckeyherb
Footballguy
Wow Shiba. Just checked my Coinbase account and it’s up like 65%
Lol at $1. The market cap would be $1 Quadrillion dollars which I think is more than the entire wealth of the world. There’s not enough investment money in the world to support the daily volume.
KGB
Footballguy
MY guess is it was ajoke. no one thinks shib is going to a buck.
Id be worth $539,016,367 lol
KGB
Footballguy
ILUVBEER99
Footballguy
SHIBA flipped DOGE. Battle of the meme’s is on.
He might be but there are a lot of people that do believe that just like there are people who bought Trump over $100 and think it’s an opportunity to get in on Facebook at $100. It’s a bit scary, especially since you don’t really know how much of the company you’re getting let alone that it could easily fail. I don’t think most people throwing in all the money into the meme stuff actually understand market caps and stuff like that.
Capella
Footballguy
My niece bought 25 dollars worth of doge that was up to 5500 when she sold it. Sometimes when you’re playing with easy money it hits. This garbage is all a lotto ticket.
I don’t really care who loses out here - I know it’s trash, I just want to know where it peaks.
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KGB
Footballguy
Captain Cranks
Footballguy
KGB
Footballguy
I'm not willing to bet on it. But one of these coins is going to make market cap obsolete.
Maybe
Captain Cranks
Footballguy
I realize there are a ton of legitimate anecdotes like this. The problem is they're being tethered to the current SHIB price. If you want turn $25 into $5,500, you need to get lucky on something no one is talking about.
KGB
Footballguy
On all (maybe all?, dunno) isnt there a god that hold most of the coins from the beginning?I'm not willing to bet on it. But one of these coins is going to make market cap obsolete.
Maybe
If they were to try and cash them all out it would just tank the coin. just like if bill gates tried to sell all his MSFT.
Just thinking out loud.
ILUVBEER99
Footballguy
JoeSteeler
Footballguy
Earlier this evening was walking down the grocery store isle and there was a guy (most likely in his 70’s) talking to one of the store employees. As I walked by I heard the older guy ask something like “do you know about this Shibu inu. I would like to buy some?” The employee was telling him it was crypto currency like Bitcoin and that he had bought 12 million, and some other stuff. Not sure the older guy really understood but sounded like he really wanted to buy some. He said he was going to call his broker at TD Ameritrade and get some. The employee was telling him to buy it through coinbase.
UOFI_316
Footballguy
LOL. I am well aware that SHIB will never get close to $1. I doubt it will ever eat more than 1 more zero. I bought in around 8 something or another, and it is now at 80+ somethings. I spent a dinner and movie with my wife, and will now be able to buy an entire Christmas worth of presents for my extended family. With my initial investment I was never looking for life changing money in a coin that has zero reason to exist other than as a joke. I wanted to get in on something that would potentially be fun to follow, and to say I own several million of something (other than random lego on my floor, or barbies). The other coins I am in on I don't really check every day, yet SHIB I reload several times a day and just laugh.
KGB
Footballguy
Captain Cranks
Footballguy
I totally get it. It's fun and a rush and it sounds like your expectations are realistic. I'm not saying you can't make money off this thing. My only point has been that it's not a 100X coin at this point and people need to set expectations accordingly.
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ren hoek
Footballguy
beer 30
Footballguy
jb1020
Footballguy
So how does this happen? Does this person just flat out forget about this wallet? Or are there people out there just trying to take a moonshot like this?
Why would you let it run to $5.7 Bil? You cant sell at $1bil? $50mil?
I have so many questions.
Captain Cranks
Footballguy
It's not a stagnant wallet either. He's doing trades as we speak.
beer 30
Footballguy
I've told many people, this "no return address" postcard from parts unknown kinda money. I would be on the side of a milk carton for how quick I would disappear.
The other side of this coin is, if he cash's out, what happens to the market? Nothing good
Captain Cranks
Footballguy
If you all are looking for a true degen coin with 100-250X upside, I just bought up 17 billion DADDYDOGE coins for just under $500. Its current market cap is around $20 million, so if it gets to $1B we're talking a 50X. If it gets to a SHIB-like market cap, we're talking a 1,700X.
top dog
Footballguy
If he were to cash out, where does the money come from? I can't wrap my head around this.
If that person decided to sell and it was at the same time as everyone else decides to hold/sell... Who pays out the $$$?
Sorry if this is a silly question... Complete newbie here.
beer 30
Footballguy
That's the conundrum, isn't it? That's the GDP of a small country, no one can pay it out. read some of @stbugswork in this thread, I think it's one of the pillars his anti-crypto dialogue is based on.
PS - big fan of @stbugs. There were no animals or humans injured during the typing of this response.
Lol. I’m not anti-crypto. I certainly don’t have as much invested as many in here, some things do get under my skin a bit since I am a math/analytical person. Like knowing that there are people who think something like SHIB will hit $1 without having any clue that there’s not enough cash in the world to actually make that happen.beer 30 said:
For fun, if SHIB was $1, it would take 6 years of US GDP (including Buterin’s burn) to give $1 for every coin.
That said, I can still laugh when stuff tanks since it’s not my money so I can get some amusement from it.
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Insoxicated
This is just like stocks...top dog said:
If he sells... I'm sure he'll have some buyers are market... but the price would indeed spiral downward as the market of buyers drops... which would further scare buyers, driving price further, etc.... a market crash loop would be likely. He'd want to sell off slabs of it.
