Bitcoin-Explain to me how to buy these things (1 Viewer)

[jvdesigns2002]

You need electricity and internet to exchange gold/silver/platinum for goods and services?

You're trading gold, silver and platinum for goods and services, eh? C'mon. Let's be real here.

I normally trade cash for goods and services on a regular basis—the same method that the vast majority of crypto believers utilize. Is your stance that most crypto believers use crypto for goods/services under normal circumstances? I would guess not. However—many of the same systems that cash relies upon to be traded/utilized are necessary for crypto to be traded/utilized. Hard assets like precious metals do not rely on other systems working perfectly for their utilization. While the blockchain is great—you can own hard assets like precious metals anonymously and barter them with no paper trail pretty easily. That is closer to decentralization than crypto. With that said—let me say it again—I am a believer in both crypto (predominately bitcoin) and precious metals.

 

[KGB]

Everything im in is so boring or down. ugg

I still have a hefty amount, actually, huge amount of $ in 3 things coming out. sick of waiting, but I guess thats the price you pay to get in early.
and I should be happy they didnt launch during such a horrible time I guess

would u mind sharing those three things?

PulseChain.com

Energy Efficient, Cheaper, Faster, Fee-Burning Ethereum fork

pulsechain.com

Liquid Loans – 0% DeFi lending on PulseChain

✓ 0% Interest-Free ✓ Fully Backed Stablecoin ✓ Immutable ✓ Governance-Free ✓ No Admin Keys

www.liquidloans.io

PulseX.com

Richard Heart's Uniswap fork with PLSX Liquidity Provider incentivization

pulsex.com

They are all the same ecosystem of hex.com

all my crypto eggs in 1 basket.

I guess im glad they havnt launched yet. been waiting over a year now. grr, but everything has crashed, so I think i lucked out

 

[Pigskin Fanatic]

Everything im in is so boring or down. ugg

I still have a hefty amount, actually, huge amount of $ in 3 things coming out. sick of waiting, but I guess thats the price you pay to get in early.
and I should be happy they didnt launch during such a horrible time I guess

would u mind sharing those three things?

PulseChain.com

Energy Efficient, Cheaper, Faster, Fee-Burning Ethereum fork

pulsechain.com

Liquid Loans – 0% DeFi lending on PulseChain

✓ 0% Interest-Free ✓ Fully Backed Stablecoin ✓ Immutable ✓ Governance-Free ✓ No Admin Keys

www.liquidloans.io

PulseX.com

Richard Heart's Uniswap fork with PLSX Liquidity Provider incentivization

pulsex.com

They are all the same ecosystem of hex.com

all my crypto eggs in 1 basket.

I guess im glad they havnt launched yet. been waiting over a year now. grr, but everything has crashed, so I think i lucked out

thanks for sharing. i did get my feet wet into pulsechain awhile back when you first mentioned it. looked at liquidloans too but that looked way too complicated for a noob like me.

 

[KGB]

Everything im in is so boring or down. ugg

I still have a hefty amount, actually, huge amount of $ in 3 things coming out. sick of waiting, but I guess thats the price you pay to get in early.
and I should be happy they didnt launch during such a horrible time I guess

would u mind sharing those three things?

PulseChain.com

Energy Efficient, Cheaper, Faster, Fee-Burning Ethereum fork

pulsechain.com

Liquid Loans – 0% DeFi lending on PulseChain

✓ 0% Interest-Free ✓ Fully Backed Stablecoin ✓ Immutable ✓ Governance-Free ✓ No Admin Keys

www.liquidloans.io

PulseX.com

Richard Heart's Uniswap fork with PLSX Liquidity Provider incentivization

pulsex.com

They are all the same ecosystem of hex.com

all my crypto eggs in 1 basket.

I guess im glad they havnt launched yet. been waiting over a year now. grr, but everything has crashed, so I think i lucked out

thanks for sharing. i did get my feet wet into pulsechain awhile back when you first mentioned it. looked at liquidloans too but that looked way too complicated for a noob like me.

Oh cool. Its kinda scary for me to just send money and hope for the best. The 2 pulse projects I think are solid and LL is more of a gamble, although, I think all are VERY risky.

The only thing I can tell you is I got in on HEX awhile back for $2000. Highest it went to was $750,000. Current value is $50K. still a pretty big win, although I had it locked up at the $750K and couldnt realistically sell at that time because you are basically in a contract to hold. You DO NOT have to do that contract, but I did.

BUT
If I didnt have that contract, I woulda never held to $750K. I woulda sold at like 6K :toiletpaperhands:

 

[Captain Cranks]

I normally trade cash for goods and services on a regular basis—the same method that the vast majority of crypto believers utilize. Is your stance that most crypto believers use crypto for goods/services under normal circumstances? I would guess not. However—many of the same systems that cash relies upon to be traded/utilized are necessary for crypto to be traded/utilized. Hard assets like precious metals do not rely on other systems working perfectly for their utilization. While the blockchain is great—you can own hard assets like precious metals anonymously and barter them with no paper trail pretty easily. That is closer to decentralization than crypto. With that said—let me say it again—I am a believer in both crypto (predominately bitcoin) and precious metals.

I'm 46 and never been forced to barter anything in my entire life. Thus, it feels odd to introduce that premise into the equation when judging the characteristics of an asset.

 

[KGB]

I normally trade cash for goods and services on a regular basis—the same method that the vast majority of crypto believers utilize. Is your stance that most crypto believers use crypto for goods/services under normal circumstances? I would guess not. However—many of the same systems that cash relies upon to be traded/utilized are necessary for crypto to be traded/utilized. Hard assets like precious metals do not rely on other systems working perfectly for their utilization. While the blockchain is great—you can own hard assets like precious metals anonymously and barter them with no paper trail pretty easily. That is closer to decentralization than crypto. With that said—let me say it again—I am a believer in both crypto (predominately bitcoin) and precious metals.

I'm 46 and never been forced to barter anything in my entire life. Thus, it feels odd to introduce that premise into the equation when judging the characteristics of an asset.

Im here for the moons

 

[KGB]

Oh Snap!

Just figured out I have a HEX stake ending tomorrow. 150K shares, 19 T shares
but, I earned some bonuses. too hard to explain. I think with the bonuses it will be over 300K shares

I think it will be about $10K when all is said and done. This is a part of the $2K original. finally able to sell some, but....

sell low??? I think ill reinvest, but there are a tons of bonus programs now.

ill try to talk about some, but im not an expert and will just say what I do

 

[Nathan R. Jessep]

Saw an interesting analysis yesterday on a YT live.
It was showing the pools of liquidity above and below BTC's current price. There were a couple within 1K or so above current price. There were FAR more below current price. His take was that the whales were going to move towards those lower liquidity pools to absorb all that, hence BTC price is going to go down. IDK about liquidity pools and how all that works, maybe one of you guys can speak to that, but that prediction falls in line with the other analyses I've seen predicting a "bottom" of 12-15K before the actual bull run begins. There was liquidity and a lot of it, pretty much all the way down to that price point.
#notfinancialadvice

 

[KGB]

Xen Price, XEN Live Chart, All-Time High & Market Cap (USD) | Nomics

Xen / XEN price. Real-time & historical XEN data, exchange rates, charts, ATH, & market data priced in USD, JPY, KRW, EUR, etc. Contract: 0x06450dee7fd2fb8e39061434babcfc05599a6fb8

nomics.com

 

[KGB]

purchased 690648 XEN @ .0015

 

[Nathan R. Jessep]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

 

[Nathan R. Jessep]

Investing Legend Paul Tudor Jones Says Bitcoin and Ethereum Will Go Much Higher in Price – Here’s Why - The Daily Hodl

Hedge fund billionaire Paul Tudor Jones says the price of Bitcoin (BTC) and Ethereum (ETH) will eventually rise from their current bear market ranges.

dailyhodl.com

 

[KGB]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Looks like a bust

 

[KGB]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Meet The Obscure Token That Ate Up Nearly Half Of Ethereum's Recent Gas Usage | Bitcoinist.com

A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly - but all by design. The XEN token has accounted for nearly

bitcoinist.com

Actually double downed

 

[Nathan R. Jessep]

Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool

By lining up a broad deal with Coinbase, Google might pick up an edge against Amazon and Microsoft by letting clients pay with Bitcoin or other digital coins.

www.cnbc.com

 

[KGB]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Meet The Obscure Token That Ate Up Nearly Half Of Ethereum's Recent Gas Usage | Bitcoinist.com

A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly - but all by design. The XEN token has accounted for nearly

bitcoinist.com

Actually double downed

XEN current price is $.00012

If we drop to mid 4 zeros, I might buy some more.

 

[Nathan R. Jessep]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Meet The Obscure Token That Ate Up Nearly Half Of Ethereum's Recent Gas Usage | Bitcoinist.com

A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly - but all by design. The XEN token has accounted for nearly

bitcoinist.com

Actually double downed

XEN current price is $.00012

If we drop to mid 4 zeros, I might buy some more.

Good luck, GB!

I am trying to read up on this one.

I have about 15-20 I'm in on (smaller amounts) and just stacking as much as I can. Everything is on clearance sale right now! I suspect tomorrow when the CPI is released, depending on what it says, we are either going to turn towards the upside (I put this at 30% odds) ORRRRRR we going down down down (70%). If we go down like I think, will be making some bigger moves. I think this will be the lowest we ever see most of these assets.

 

[KGB]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Meet The Obscure Token That Ate Up Nearly Half Of Ethereum's Recent Gas Usage | Bitcoinist.com

A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly - but all by design. The XEN token has accounted for nearly

bitcoinist.com

Actually double downed

XEN current price is $.00012

If we drop to mid 4 zeros, I might buy some more.

Good luck, GB!

I am trying to read up on this one.

I have about 15-20 I'm in on (smaller amounts) and just stacking as much as I can. Everything is on clearance sale right now! I suspect tomorrow when the CPI is released, depending on what it says, we are either going to turn towards the upside (I put this at 30% odds) ORRRRRR we going down down down (70%). If we go down like I think, will be making some bigger moves. I think this will be the lowest we ever see most of these assets.

My issue is, my money is already in, so im robbing peter to pay paul.

Like I had a HEX stake end, when you end it, its still HEX, but now its liquid. so I just moved some hex into this new one. we shall see! Wish I had more dry powder.

A bit worried about this

‘This is serious’: JPMorgan's Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months

JPMorgan Chase CEO Jamie Dimon warned that a "very, very serious" mix of headwinds was likely to tip both the U.S. and global economy into recession.

www.cnbc.com

but im always skeptical of anyone giving advice like this. I dont trust anyone lol

 

[KGB]

I think ETH is such a no brainer, but I also thought that at $2500. Very safe IMO

 

[Nathan R. Jessep]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Meet The Obscure Token That Ate Up Nearly Half Of Ethereum's Recent Gas Usage | Bitcoinist.com

A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly - but all by design. The XEN token has accounted for nearly

bitcoinist.com

Actually double downed

XEN current price is $.00012

If we drop to mid 4 zeros, I might buy some more.

Good luck, GB!

I am trying to read up on this one.

I have about 15-20 I'm in on (smaller amounts) and just stacking as much as I can. Everything is on clearance sale right now! I suspect tomorrow when the CPI is released, depending on what it says, we are either going to turn towards the upside (I put this at 30% odds) ORRRRRR we going down down down (70%). If we go down like I think, will be making some bigger moves. I think this will be the lowest we ever see most of these assets.

My issue is, my money is already in, so im robbing peter to pay paul.

Like I had a HEX stake end, when you end it, its still HEX, but now its liquid. so I just moved some hex into this new one. we shall see! Wish I had more dry powder.

A bit worried about this

‘This is serious’: JPMorgan's Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months

JPMorgan Chase CEO Jamie Dimon warned that a "very, very serious" mix of headwinds was likely to tip both the U.S. and global economy into recession.

www.cnbc.com

but im always skeptical of anyone giving advice like this. I dont trust anyone lol

I hear ya. I think recession is pretty much a formality at this point. Too many factors at play for it not to happen at this point. And by definition, we are actually already in it, no matter what the government says. We've already had 2 negative quarters. I think the third hits tomorrow. And even if it doesn't, I think it's just delaying the inevitable. Winter is coming, fuel prices up again and will be up for the forseeable future. Putin has the whole world on edge.
Trying to keep some dry powder on the side for what I think will be the absolute bottom coming up.

 

[KGB]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Meet The Obscure Token That Ate Up Nearly Half Of Ethereum's Recent Gas Usage | Bitcoinist.com

A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly - but all by design. The XEN token has accounted for nearly

bitcoinist.com

Actually double downed

XEN current price is $.00012

If we drop to mid 4 zeros, I might buy some more.

Good luck, GB!

I am trying to read up on this one.

I have about 15-20 I'm in on (smaller amounts) and just stacking as much as I can. Everything is on clearance sale right now! I suspect tomorrow when the CPI is released, depending on what it says, we are either going to turn towards the upside (I put this at 30% odds) ORRRRRR we going down down down (70%). If we go down like I think, will be making some bigger moves. I think this will be the lowest we ever see most of these assets.

My issue is, my money is already in, so im robbing peter to pay paul.

Like I had a HEX stake end, when you end it, its still HEX, but now its liquid. so I just moved some hex into this new one. we shall see! Wish I had more dry powder.

A bit worried about this

‘This is serious’: JPMorgan's Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months

JPMorgan Chase CEO Jamie Dimon warned that a "very, very serious" mix of headwinds was likely to tip both the U.S. and global economy into recession.

www.cnbc.com

but im always skeptical of anyone giving advice like this. I dont trust anyone lol

I hear ya. I think recession is pretty much a formality at this point. Too many factors at play for it not to happen at this point. And by definition, we are actually already in it, no matter what the government says. We've already had 2 negative quarters. I think the third hits tomorrow. And even if it doesn't, I think it's just delaying the inevitable. Winter is coming, fuel prices up again and will be up for the forseeable future. Putin has the whole world on edge.
Trying to keep some dry powder on the side for what I think will be the absolute bottom coming up.

Yeah, im actually a bit worried. I like crypto over stocks though because upon the upturn, we may see 10x or 1000x vs 2x or whatever in stocks. like in year 1 of the turnaround that will eventually happen

 

[KGB]

I think ETH is such a no brainer, but I also thought that at $2500. Very safe IMO

Oh, although I think ETH is great... I would not buy now. I think we have more hurt coming. How can we not

 

[KGB]

purchased 690648 XEN @ .0015

this is a brand new token? what made you buy?

Meet The Obscure Token That Ate Up Nearly Half Of Ethereum's Recent Gas Usage | Bitcoinist.com

A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly - but all by design. The XEN token has accounted for nearly

bitcoinist.com

Actually double downed

XEN current price is $.00012

If we drop to mid 4 zeros, I might buy some more.

And we are in 4 zeros range. waiting....

Xen Price, XEN Live Chart, All-Time High & Market Cap (USD) | Nomics

Xen / XEN price. Real-time & historical XEN data, exchange rates, charts, ATH, & market data priced in USD, JPY, KRW, EUR, etc. Contract: 0x06450dee7fd2fb8e39061434babcfc05599a6fb8

nomics.com

 

[Nathan R. Jessep]

Welp here we go. Get your life vests on, boys, we're going down. lol BTC dipped almost 1K immediately.

 

[KGB]

Welp here we go. Get your life vests on, boys, we're going down. lol BTC dipped almost 1K immediately.

aaaaaand were back

 

[ren hoek]

Reading more and more about Chainlink ($LINK) being involved with some really nice projects. I picked up a little bit a few weeks ago, but I think I need to scoop some more

SWIFT Partners With Crypto Data Provider Chainlink on Cross-Chain Protocol in TradFi Play

Interest from institutional investors moving into crypto has been “undeniable,” according to SWIFT’s Strategy Director.

www.coindesk.com

This was the huge memecoin on biz. Back then you could only invest in the ICO with something like 100 eth deposit. But there was a contract you could send eth to and you would get your corresponding share of LINK.

I put up 3 eth (which at the time was like 1k) to a random address someone posted, and prayed it wasn’t a scam. Eventually I got about 9600 link from the contract and was overjoyed. If I’d played my cards perfectly, those tokens would have been worth about 475k.

I lost some trying to send them to an incorrect eth address, and of course sold some whenever it doubled up etc. But I ended up doing a x35 on it, which ain’t too shabby lol. I miss those days, when every coin was going ballistic and every dumb little token was billed as ‘the future’ haha.

 

[ren hoek]

Using a YTD measurement is useless on assets perceived to be stores of value. You'd be much more honest using the last decade. 10 years ago BTC was worth $15 and today is worth $20k. That's a 1,333X. Read that again, a one thousand three hundred thirty-three times return on your investment in a decade. That's better than simply storing value. Gold on the other hand is essentially at the same price it was a decade ago and when you consider inflation, then Gold has not stored your value, it LOST value in the last decade.

It really isn’t though. What kind of market is supposed to function on a currency that’s down 50% one day and up 200 the next? A lot of suppliers and market participants would understandably be weary of honoring its new found value against their inventory, just like they would be selling BTC into USD when it drops 50%. It’s not really storing value if it goes up 5,000% for a couple weeks and then crashes & stays down for a long time. Or if its holders have to think so much about timing the market.

Store of value doesn’t just work in one direction, it needs a level of stability in both directions. I mean yeah, if you got a time machine and can go back 10 years bitcoin is an awesome investment. But if you jumped in at $60k you’re probably hurting way more than people who bought gold at $2k. It has similar characteristics to a high-risk tech stock, because that’s basically all it is.

 

[Nathan R. Jessep]

Reading more and more about Chainlink ($LINK) being involved with some really nice projects. I picked up a little bit a few weeks ago, but I think I need to scoop some more

SWIFT Partners With Crypto Data Provider Chainlink on Cross-Chain Protocol in TradFi Play

Interest from institutional investors moving into crypto has been “undeniable,” according to SWIFT’s Strategy Director.

www.coindesk.com

This was the huge memecoin on biz. Back then you could only invest in the ICO with something like 100 eth deposit. But there was a contract you could send eth to and you would get your corresponding share of LINK.

I put up 3 eth (which at the time was like 1k) to a random address someone posted, and prayed it wasn’t a scam. Eventually I got about 9600 link from the contract and was overjoyed. If I’d played my cards perfectly, those tokens would have been worth about 475k.

I lost some trying to send them to an incorrect eth address, and of course sold some whenever it doubled up etc. But I ended up doing a x35 on it, which ain’t too shabby lol. I miss those days, when every coin was going ballistic and every dumb little token was billed as ‘the future’ haha.

Nice! I see the all time high was $52 in the last bull. It's trading at $7 right now, and they've signed on some monster partners. I think it's got a good chance to beat that all time high, perhaps by a good bit in the next 3 years. I've got a little bit (not nearly as much as you had in it lol, I'm a small fish).

I got eyes on a few others, though with much more room for big gains. Next BTC halving cycle is 2024. Lambos in 2025.

 

[Nathan R. Jessep]

Interview with crypto analyst Philip Swift: Bitcoin bear market will last '2-3 more months max'

Although the majority of the bear market is already likely behind Bitcoin, it may still see more suffering in the near future. Philip Swift, a well-known

insidebitcoins.com

 

[Nathan R. Jessep]

Another no-brainer, IMO, is XRP (Ripple). If they come out of this court case with a win (or even if they don't...see below), and get added (back) to US exchanges, it's going to explode I think. #notfinancialadvice

Finder’s Experts Expect XRP to Spike to $3.81 by 2025 if Ripple Wins SEC Lawsuit | Crypto Breaking News

Following the recent ethereum price predictions report, 55 crypto and fintech experts chosen by the product comparison web portal, finder.com, shared

cryptobreaking.com

“While the outcome of the lawsuit has an immediate impact on the price, on the whole, it shouldn’t. Even if they do lose and receive a fine, they’ll likely be able to negotiate reasonable payment terms,” Altement said. “Still, the overall bullish case is driven by the adoption of technology rather than transaction costs (which the SEC case ultimately is), and therefore the outcome of it won’t lead to a make or break situation,” the Osom Finance executive said.

 

[KGB]

Using a YTD measurement is useless on assets perceived to be stores of value. You'd be much more honest using the last decade. 10 years ago BTC was worth $15 and today is worth $20k. That's a 1,333X. Read that again, a one thousand three hundred thirty-three times return on your investment in a decade. That's better than simply storing value. Gold on the other hand is essentially at the same price it was a decade ago and when you consider inflation, then Gold has not stored your value, it LOST value in the last decade.

It really isn’t though. What kind of market is supposed to function on a currency that’s down 50% one day and up 200 the next? A lot of suppliers and market participants would understandably be weary of honoring its new found value against their inventory, just like they would be selling BTC into USD when it drops 50%. It’s not really storing value if it goes up 5,000% for a couple weeks and then crashes & stays down for a long time. Or if its holders have to think so much about timing the market.

Store of value doesn’t just work in one direction, it needs a level of stability in both directions. I mean yeah, if you got a time machine and can go back 10 years bitcoin is an awesome investment. But if you jumped in at $60k you’re probably hurting way more than people who bought gold at $2k. It has similar characteristics to a high-risk tech stock, because that’s basically all it is.

nice! its important to go for some grand slams. just not all of them or with your whole account

 

[KGB]

Another no-brainer, IMO, is XRP (Ripple). If they come out of this court case with a win (or even if they don't...see below), and get added (back) to US exchanges, it's going to explode I think. #notfinancialadvice

Finder’s Experts Expect XRP to Spike to $3.81 by 2025 if Ripple Wins SEC Lawsuit | Crypto Breaking News

Following the recent ethereum price predictions report, 55 crypto and fintech experts chosen by the product comparison web portal, finder.com, shared

cryptobreaking.com

“While the outcome of the lawsuit has an immediate impact on the price, on the whole, it shouldn’t. Even if they do lose and receive a fine, they’ll likely be able to negotiate reasonable payment terms,” Altement said. “Still, the overall bullish case is driven by the adoption of technology rather than transaction costs (which the SEC case ultimately is), and therefore the outcome of it won’t lead to a make or break situation,” the Osom Finance executive said.

I purchased xrp like forever ago thinking the same thing. not sure if it isnt a buy the rumor deal though

 

[KGB]

purchased 690648 XEN @ .0015

This is a bust. XEN and has a design flaw. do not buy

 

[cubd8]

Is any crypto really worth buying right now? Most of it, like 99.9% is speculation. Bitcoin is stuck between (mainly) 18-20K and probably is more likely to go down than up if the overall market has another leg down. I do invest in bitcoin, but am just putting some cash to the side right now because I don’t think the price will become more expensive.

 

[KGB]

Is any crypto really worth buying right now? Most of it, like 99.9% is speculation. Bitcoin is stuck between (mainly) 18-20K and probably is more likely to go down than up if the overall market has another leg down. I do invest in bitcoin, but am just putting some cash to the side right now because I don’t think the price will become more expensive.

No One know obviously. BUT, a few of us think BTC is still going down for awhile. Part of investing/gambling is knowing when to hold or not buy. im for the most part not buying.

just my opinion

 

[eoMMan]

Is any crypto really worth buying right now? Most of it, like 99.9% is speculation. Bitcoin is stuck between (mainly) 18-20K and probably is more likely to go down than up if the overall market has another leg down. I do invest in bitcoin, but am just putting some cash to the side right now because I don’t think the price will become more expensive.

I think the best play right now is to just trade Bitcoin. It’s seem to have bounced around from 18kish to 22kish for a long time. Lots of flipping seems to be the best play and if you get stuck with Bitcoin at 22k, not the end of the world, imo.

 

[cubd8]

Is any crypto really worth buying right now? Most of it, like 99.9% is speculation. Bitcoin is stuck between (mainly) 18-20K and probably is more likely to go down than up if the overall market has another leg down. I do invest in bitcoin, but am just putting some cash to the side right now because I don’t think the price will become more expensive.

I think the best play right now is to just trade Bitcoin. It’s seem to have bounced around from 18kish to 22kish for a long time. Lots of flipping seems to be the best play and if you get stuck with Bitcoin at 22k, not the end of the world, imo.

I am in no rush to buy, but just saving small amounts per paycheck to allocate to bitcoin. I still think its more likely to have another leg down than up in the near future, especially as long as rates are rising. I think its more likely to hit 15K than 23-25K for the foreseeable future. I am not that concerned with trying to find a bottom so even if I end up buying some at 20K, its still a deal if you believe that it can find its way back to near highs in the future.

 

[KGB]

Is any crypto really worth buying right now? Most of it, like 99.9% is speculation. Bitcoin is stuck between (mainly) 18-20K and probably is more likely to go down than up if the overall market has another leg down. I do invest in bitcoin, but am just putting some cash to the side right now because I don’t think the price will become more expensive.

I think the best play right now is to just trade Bitcoin. It’s seem to have bounced around from 18kish to 22kish for a long time. Lots of flipping seems to be the best play and if you get stuck with Bitcoin at 22k, not the end of the world, imo.

I am in no rush to buy, but just saving small amounts per paycheck to allocate to bitcoin. I still think its more likely to have another leg down than up in the near future, especially as long as rates are rising. I think its more likely to hit 15K than 23-25K for the foreseeable future. I am not that concerned with trying to find a bottom so even if I end up buying some at 20K, its still a deal if you believe that it can find its way back to near highs in the future.

agree

 

[Captain Cranks]

I am in no rush to buy, but just saving small amounts per paycheck to allocate to bitcoin. I still think its more likely to have another leg down than up in the near future, especially as long as rates are rising. I think its more likely to hit 15K than 23-25K for the foreseeable future. I am not that concerned with trying to find a bottom so even if I end up buying some at 20K, its still a deal if you believe that it can find its way back to near highs in the future.

Since you have an amount per paycheck you're saving, I'd suggest dollar cost averaging when the money comes in. You're not going to time the bottom and will just be getting lucky if you outperform a DCA approach.

FTR, I still think we dip to $12-13k, but have started buying recently.

 

[cubd8]

I am in no rush to buy, but just saving small amounts per paycheck to allocate to bitcoin. I still think its more likely to have another leg down than up in the near future, especially as long as rates are rising. I think its more likely to hit 15K than 23-25K for the foreseeable future. I am not that concerned with trying to find a bottom so even if I end up buying some at 20K, its still a deal if you believe that it can find its way back to near highs in the future.

Since you have an amount per paycheck you're saving, I'd suggest dollar cost averaging when the money comes in. You're not going to time the bottom and will just be getting lucky if you outperform a DCA approach.

FTR, I still think we dip to $12-13k, but have started buying recently.

I havent used the DCA approach yet, but considering it. Still holding out on getting more value for my purchases if the value bottoms out further

 

[SFBayDuck]

I am in no rush to buy, but just saving small amounts per paycheck to allocate to bitcoin. I still think its more likely to have another leg down than up in the near future, especially as long as rates are rising. I think its more likely to hit 15K than 23-25K for the foreseeable future. I am not that concerned with trying to find a bottom so even if I end up buying some at 20K, its still a deal if you believe that it can find its way back to near highs in the future.

Since you have an amount per paycheck you're saving, I'd suggest dollar cost averaging when the money comes in. You're not going to time the bottom and will just be getting lucky if you outperform a DCA approach.

FTR, I still think we dip to $12-13k, but have started buying recently.

I havent used the DCA approach yet, but considering it. Still holding out on getting more value for my purchases if the value bottoms out further

I've been taking DCA to the extreme, set up a small daily BTC buy a few months ago. It seems that there's demand (institutional?) that swoops in around $19,100 (the high in '18 ) and keeps it from falling further. But if it makes a break below that, around $11,500 looks like the next key level as that was resistance from 2018 through October '20 when it finally broke out (so says my untrained technical eye, but the levels are pretty obvious).

 

[Captain Cranks]

I've been taking DCA to the extreme, set up a small daily BTC buy a few months ago. It seems that there's demand (institutional?) that swoops in around $19,100 (the high in '18 ) and keeps it from falling further. But if it makes a break below that, around $11,500 looks like the next key level as that was resistance from 2018 through October '20 when it finally broke out (so says my untrained technical eye, but the levels are pretty obvious).

It definitely feels like people are filling their bags in the high teens. Bitcoin has shown relative strength compared to the Nasdaq over the last few weeks.

 

[KGB]

I really like the DCA suggestion

 

[GoBirds]

I think ETH is such a no brainer, but I also thought that at $2500. Very safe IMO

Oh, although I think ETH is great... I would not buy now. I think we have more hurt coming. How can we not

Is there an ETF with exposure to Ethereum besides Grayscale you could recommend?

 

[KGB]

I think ETH is such a no brainer, but I also thought that at $2500. Very safe IMO

Oh, although I think ETH is great... I would not buy now. I think we have more hurt coming. How can we not

Is there an ETF with exposure to Ethereum besides Grayscale you could recommend?

Sorry, I only know a little piece of the crypto stuff. my own little part of that world

Coinbase.com you can literally, just easily buy some ETH though. super easy.
Some stuff in crypto is hard, but buying ETH is super simple. https://www.coinbase.com/home

you can also use robinhood, but I dont like them

If it were me. id buy 20% of my buy now, and DCA down. BTC is at $19K today, add at 17 and 15 if that happens. jmo

 

[KGB]

I dont know how to do a poll... But, im curious. Are you looking at this thread for a boom or bust? or something safe, but that will beat tesla or apple in the stock market? or other?

 

[GoBirds]

I think ETH is such a no brainer, but I also thought that at $2500. Very safe IMO

Oh, although I think ETH is great... I would not buy now. I think we have more hurt coming. How can we not

Is there an ETF with exposure to Ethereum besides Grayscale you could recommend?

Sorry, I only know a little piece of the crypto stuff. my own little part of that world

Coinbase.com you can literally, just easily buy some ETH though. super easy.
Some stuff in crypto is hard, but buying ETH is super simple. https://www.coinbase.com/home

you can also use robinhood, but I dont like them

If it were me. id buy 20% of my buy now, and DCA down. BTC is at $19K today, add at 17 and 15 if that happens. jmo

Any benefit to ETH vs just going Bit.

 

[Nathan R. Jessep]

I dont know how to do a poll... But, im curious. Are you looking at this thread for a boom or bust? or something safe, but that will beat tesla or apple in the stock market? or other?

If we are talking strictly BTC, I think it will overtake all of those and perhaps even gold in this list of assets by market cap. It's only been around since 2009 and it's already above some of the big boys. I think there are some other cryptos though that have a chance at bigger gains. BTC has the distinction of being the first and we know there is a limited supply, unlike some other cryptos. As for others, I was about to respond to GoB's question, which will cover some of that. See next post...

 

[Nathan R. Jessep]

Any benefit to ETH vs just going Bit.

Same as any investment portfolio, you want to diversify, IMO.

I think BTC is a solid long-term play. Some people (big investors for big companies, not NRJs on the internet lol) have predicted BTC to hit $1MM by 2030 or so. IDK about that, but If you look at the cycle ( Bear >> roughly 4 years >> Bull) and the BTC halving events, the price has risen mightily each time after that. Next one is predicted to be early 2024.

99% of coins rise and fall by BTC's tide currently, and I think that will continue for the foreseeable future. With that in mind, there are plenty of other projects that have a much larger growth potential between now and the next bull market (~2025).

ETH is a no-brainer. It's the largest blockchain with the most projects built on it. Then you have other projects that are helpers for the Etherium blockchain that make it run faster and more efficiently or add other functionality.

Several others like XRP for example are already in use in projects by banks and other huge companies as they develop ways to convert their existing operations over to blockchain technology.

There will be some winners and some losers of course but that goes back to the diversification aspect. Find a handful of good projects with big backers. Take your investment and divide it up how you see fit into those. (maybe something like 25% BTC, 15% ETH, 10% each on several of the other projects, a couple of % on a couple of fliers like SHIB or DOGE. I laughed at those before I saw some of the breakdown. Yes they are meme coins ( coins if you will) but they have staying power (thanks Reddit!) and perhaps most importantly, they are CHEAP and AVAILABLE on all the major exchanges and apps. So when grandma decides she needs to get some of that cryptocurrency she's seeing on the news, she doesn't want to by the $20K Bitcoin, she wants to spend $50 and get 1,000 DOGE, or better yet 5,000,000 SHIB. I'm not saying that's a sound investment, but you better believe there will be people who think it is, and at the end of the day isn't THAT what WE are banking on? Buying low now to sell high later to people like that. Everything is low right now. Pick a handful of what you to believe winners, and start DCA'ing into them, and get ready to cash in when this stuff goes mainstream. It's coming. IMHO.

#notfinancialadvice #doyourownresearch

 

[GoBirds]

Any benefit to ETH vs just going Bit.

Same as any investment portfolio, you want to diversify, IMO.

I think BTC is a solid long-term play. Some people (big investors for big companies, not NRJs on the internet lol) have predicted BTC to hit $1MM by 2030 or so. IDK about that, but If you look at the cycle ( Bear >> roughly 4 years >> Bull) and the BTC halving events, the price has risen mightily each time after that. Next one is predicted to be early 2024.

99% of coins rise and fall by BTC's tide currently, and I think that will continue for the foreseeable future. With that in mind, there are plenty of other projects that have a much larger growth potential between now and the next bull market (~2025).

ETH is a no-brainer. It's the largest blockchain with the most projects built on it. Then you have other projects that are helpers for the Etherium blockchain that make it run faster and more efficiently or add other functionality.

Several others like XRP for example are already in use in projects by banks and other huge companies as they develop ways to convert their existing operations over to blockchain technology.

There will be some winners and some losers of course but that goes back to the diversification aspect. Find a handful of good projects with big backers. Take your investment and divide it up how you see fit into those. (maybe something like 25% BTC, 15% ETH, 10% each on several of the other projects, a couple of % on a couple of fliers like SHIB or DOGE. I laughed at those before I saw some of the breakdown. Yes they are meme coins ( coins if you will) but they have staying power (thanks Reddit!) and perhaps most importantly, they are CHEAP and AVAILABLE on all the major exchanges and apps. So when grandma decides she needs to get some of that cryptocurrency she's seeing on the news, she doesn't want to by the $20K Bitcoin, she wants to spend $50 and get 1,000 DOGE, or better yet 5,000,000 SHIB. I'm not saying that's a sound investment, but you better believe there will be people who think it is, and at the end of the day isn't THAT what WE are banking on? Buying low now to sell high later to people like that. Everything is low right now. Pick a handful of what you to believe winners, and start DCA'ing into them, and get ready to cash in when this stuff goes mainstream. It's coming. IMHO.

#notfinancialadvice #doyourownresearch

Great info thanks Nathan. Any way to buy ETHE exposure through my Vanguard account besides the Grayscale fund?