User Panel
Posted: 11/18/2020 10:40:47 AM EDT
[Last Edit: captainpooby]
Congrats to all the hodlrs!!!
Gold closed the day, week, month, quarter at an all time of $2251 on 3/29/24 and closed the 1st week of April at a new ATH of $2330. Now at a new high of $2375 With BTC up near ATHs as well it appears that people are waking up to what a mess our betters have put us in. Good luck to all the smart people who saw the damage being done to our fiat system of currency and chose an alternative. Let's all hope that this good fortune doesn't come at too great a cost. $72k 3/11/24 $70,199 3/8/24 $69,324 3/5/24 68.49 Nov 9 66.99 Oct 20 64.8 Apr 14 63.2k Apr 13 61.7k Mar 13 58.3k Jan 21 57.4k Jan 20z 56.3k Feb 19 52.6k Feb 18 51.7k Feb 17 50k Feb 16 49.7k Feb 14 48.9k Feb 11 47.4k Feb 8 44.9k Feb 8 43.8k Feb 8 41.6k Jan 8 40.4k Jan 7 36.8 jan 6 34.1k 32.8k Jan 2 31.2k Jan 2nd 2021 Update: Blackrock, the worlds largest asset manager that manages $7 + TRILLION says they are “dabbling” in bitcoin. I don’t know how big a dabble is but a dabble of 7 trillion has got to be a lot. Update: Elon Musk just tweeted that Tesla will buy $1.5B of bitcoin and begin accepting bitcoin as payment for Tesla cars. Bitcoin soars. Update: BTC is up 6k in the last week of 2020 first days of 2021. Update: Bitcoin reaches new ATH over 24k Dec 19 2020. Up 5k in the last week and 8k in the last month. From 11,400 to 17,900 in the last month. ATH few years ago was about 20k. I wonder whatever happened to the board member here who cashed out 21,000 bitcoins when it hit a thousand bucks. It’d be worth nearly 400 million now. Yoiks! link to live crypto prices |
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he, him,
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Can't wait for the dump. Its where the fun starts.
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I been mining for awhile now. Make enough to keep my main gaming PC upgraded yearly and pay the electric bill. No lambos for me, but I did just sell at 18,500 and might go get a used Miata or something. Will probably just buy more BTC when it crashes down to 5k in a few weeks.
I find the fan noise from mining (got about 15 cards) helps with tinnitus and the free heat is nice in the winter. |
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I think it'll climb in the end, but it's due for a big correction downward IMO. Frankly, everything is. Its shocking how overvalued some stuff is at the moment.
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Originally Posted By GraboidHunter: I been mining for awhile now. Make enough to keep my main gaming PC upgraded yearly and pay the electric bill. No lambos for me, but I did just sell at 18,500 and might go get a used Miata or something. Will probably just buy more BTC when it crashes down to 5k in a few weeks. I find the fan noise from mining (got about 15 cards) helps with tinnitus and the free heat is nice in the winter. View Quote what are you mining? |
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Pick up that can.
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Originally Posted By david05111: I think it'll climb in the end, but it's due for a big correction downward IMO. Frankly, everything is. Its shocking how overvalued some stuff is at the moment. View Quote The trouble has always been "from where to where". Does it correct tomorrow from $18k down to $12k? Does it continue this rally to $30k and then correct down to $25k? I've been through enough Bitcoin bubbles to know that nobody really knows and either scenario is possible. I'm not calling this a bubble yet but during the last bubble, Bitcoin smashed through all time highs many times never to return. The 2013 ATH was about $1200 and when Bitcoin got back to that point in 2017 it smashed through it and never looked back. You never even got a chance to buy it again for even double that price. The only way to make sense of gambling on Bitcoin is to be willing to hold it for several years to the point that the short term swings don't make a difference. You'll drive yourself mad with "woulda, coulda, shoulda". Believe me, I started buying at $200 in 2013 and stopped at $400 thinking that it was due for a correction. In the end, it turned out that any price I could have paid that year would have been a good price. Even at $1000 which at that time felt like an impossibly high value. We are now getting the the point where almost every price you could have paid during the 2017 bubble would have been a good price. Also remember that both the 2013 and 2017 bubbles occurred over the course of an entire year. It wasn't just a straight line up in either case. There were many corrections along the way within those years and some of those corrections took weeks if not more than a month. Case in point: Attached File Did it really matter in the end if you had bought just prior to that correction? |
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Don't Buy Bitcoin. It's Going To Crash!!! |
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Pick up that can.
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Originally Posted By captainpooby: Wait. What? How do you do this? View Quote Wallets can interact with dapps. Dapps are decentralized applications. Dapps allow you to interact with smart contracts. Send my eth to a smart contract and lend it out for small interest. When I decide I want to spend some money, I take out a loan to myself in DAI and deposit to coinbase where it's flipped to USD. I then buy a thing. I can now service my loan by paying back the dai plus interest. The ETH has gone up in value since I took out the loan but I never sold it so no tax event. I pay back the dai and I can unlock my eth. Nifty. |
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Originally Posted By GraboidHunter: Just renting GPU power to Nicehash. Mining whatever they want. View Quote What kind of hash rate do you have? I've been wanting to add some more but I'll need to add some dedicated circuits. My house is wired all kinds of weird and I don't want to be spending all of my time flipping breakers. I figure two more dedicated circuits in the garage would be good enough for now. |
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Please don't post pictures of severed dicks in a bag, even if you insist they have some culinary value. ~Subnet
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Now is not the time to buy bitcoin.
Never buy on the upswing unless you want to lose your ass. Now is the time to keep some for long term and sell some at various points along the upswing. Once sold set various buy points for the inevitable downturn. Oh and make sure to track your purchases so the IRS doesn’t love you tenderly. |
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We cook your meals, we haul your trash, we connect your calls, we drive your ambulances. We guard you while you sleep. Do not... fuck with us. -- Fight Club --
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I have $100 on Cash App right now. Should I turn it into Bitcoin? lol. Or nah.
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Originally Posted By dog-meat: Originally Posted By captainpooby: Wait. What? How do you do this? https://atomic.loans/ 1st time I'm hearing this too, but at the same time, it's a smack in the face - DUH! |
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Originally Posted By DTFD714: Now is not the time to buy bitcoin. Never buy on the upswing unless you want to lose your ass. Now is the time to keep some for long term and sell some at various points along the upswing. Once sold set various buy points for the inevitable downturn. Oh and make sure to track your purchases so the IRS doesn’t love you tenderly. View Quote How can you possibly know that? Remember back in 2013 when Bitcoin was upswinging past $50 and never returned? Remeber back in 2017 when Bitcoin broke through its previous ATH of $1200 and never returned? Its certain that all runs like this eventually end with a stiff correction but nobody has a clue if both the peak and subsequent valley of this current run lies higher than the current price or straddles it. The best advice I can give anyone is that if you really want to be in this space, then don't sweat it either way. If another serious bubble happens, it won't matter whether you bought at $10k or $18k. If you aren't betting on another bubble, you shouldn't be screwing with this stuff in the first place. This kind of risk is insane to accept if your game plan isn't to hang in there in hopes for a 4th bitcoin bubble that once again shatters previous all time highs. |
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Sooo I should buy $100 of Bitcoin is what I’m hearing...
Honestly I just have $100 on cash app and have no clue what to do with it and I saw I can convert it right there lol. |
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Pick up that can.
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My guess is it will settle around $50k until the next run in a few years.
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The course of action I would suggest is a course of action I cannot suggest.
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Originally Posted By hvla: What? People dont want $s? News to me. Cash that shit out and buy real estate. View Quote View All Quotes View All Quotes Originally Posted By hvla: Originally Posted By noFoTeeneR: Not if those birds are dead and nobody wants them. What? People dont want $s? News to me. Cash that shit out and buy real estate. LOL! Cash out BTC he bought for around $400ish? Terrible advice. Hodling makes way more sense. Like he said there are no more BTC to be had once it's all mined. Deflationary asset. Having somewhere between 1 and 10 BTC is a smart move for any retirement portfolio. Not suggesting buying now, just saying if someone already has theirs they best hold on to it. The time to buy was right before the 2017 run-up or after the big crash in 2018-2019 while it was low. Right now it's hodl and let it ride. Who knows, in 5 or 10 years one BTC might be worth $250k or even $500k. Then his 3.5 BTC could be worth $1.75M... |
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VCDL, GOA, SAF, NRA Life Member
"We are born free and we will stay free. America will never be a socialist country!" President Donald J. Trump |
Originally Posted By SheltiePimp: Institutional acceptance has already happened, and they are acquiring like crazy. When guys like Ricardo are announcing this it's plain to see BTC is not just a scam, it's a real deal store of wealth. https://www.bloomberg.com/news/articles/2020-11-18/billionaire-salinas-has-10-of-liquid-portfolio-in-bitcoin View Quote View All Quotes View All Quotes Originally Posted By SheltiePimp: Institutional acceptance has already happened, and they are acquiring like crazy. When guys like Ricardo are announcing this it's plain to see BTC is not just a scam, it's a real deal store of wealth. https://www.bloomberg.com/news/articles/2020-11-18/billionaire-salinas-has-10-of-liquid-portfolio-in-bitcoin It's easier to see that when you live somewhere that the government destroys your currency on a regular basis, and now you're watching the central bank for the world's reserve currency doing the same. LINK RLC UNI MATIC OCEAN EWT UBT DOT RSR REN BTT TRMP WALT RAVEN WHTEVR DOGE SHIT All of the above have legit business use cases and have serious corporate backing, Defi is especially interesting. 2021 is going to be a crazy year in crypto. Ok, NOW we're officially in a bubble that won't end well, again. |
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It'll go up and and it'll go down. Definitely wont go back down below $5k again, IMO. I only have about $3k in it right now but I plan on riding it out. I also have no idea how I get it out of my coinbase account.
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Happiness is an inside job. Don't assign anyone else that much power over your life.
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2017 had Bitcoin smash through all previous barriers and went on to it's ATH of $19k. After that it fell back eventually to $3k... Which is way higher than any of its previous highs before 2017.
I don't think that $19k is the ATH this time, because the one thing in common between 2017 and now is that both times Bitcoin had recently gone through a halvening. Each time that happens, Bitcoin goes on to reach new ATHs and basically "levels up" in average value with much higher highs and higher lows. |
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xrp up over 30% so far this AM
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My portfolio is up over $7k this past month alone.
Portfolio up 5x since March 12, 2020 when the market hit bottom. LTC was $25/ea. ETH was $100/ea that day. Currently LTC is $85/ea. while ETH is $535/ea. Loving it, but keeping an eye on it to sell at the peak. |
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Originally Posted By ARandomClaymore: My portfolio is up over $7k this past month alone. Portfolio up 5x since March 12, 2020 when the market hit bottom. LTC was $25/ea. ETH was $100/ea that day. Currently LTC is $85/ea. while ETH is $535/ea. Loving it, but keeping an eye on it to sell at the peak. View Quote What do you figure the peak is? |
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Everything else s moving in some pretty good swings. Looks like it may get interesting in the next few months.
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Originally Posted By woodsie: What do you figure the peak is? View Quote My opinion, a correction at $20k, then peak for the near future between $22-25k. LTC is undervalued along with ETH at the moment. Im looking for them to peak $200 and $750, respectively. XRP is XRP. While it's up big over the last day, its a fraction of it's all time high close to 3 years ago. I cashed out a majority of it a long time ago. Still have some and riding profits of it. Edit: my first dabbing into Crypto was in Dec 2017 when I bought my first ETH at $575. Sold it days later (for $1300) just under it's peak of around $1400. While I have invested some out of pocket funds, I have rolled my profits over and over building up my portfolio over the last 3 years. Yes, I've hit and miss. My biggest miss was swapping out of Chainlink before it blew up this summer. Coverted from Chainlink to LTC when Chainlink was around $3.50. Chainlink hit about $20 at it's peak.. Opps! |
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Originally Posted By ARandomClaymore: My opinion, a correction at $20k, then peak for the near future between $22-25k. LTC is undervalued along with ETH at the moment. Im looking for them to peak $200 and $750, respectively. XRP is XRP. While it's up big over the last day, its a fraction of it's all time high close to 3 years ago. I cashed out a majority of it a long time ago. Still have some and riding profits of it. View Quote View All Quotes View All Quotes Originally Posted By ARandomClaymore: Originally Posted By woodsie: What do you figure the peak is? My opinion, a correction at $20k, then peak for the near future between $22-25k. LTC is undervalued along with ETH at the moment. Im looking for them to peak $200 and $750, respectively. XRP is XRP. While it's up big over the last day, its a fraction of it's all time high close to 3 years ago. I cashed out a majority of it a long time ago. Still have some and riding profits of it. Fair enough. I'm not confident enough to try and trade short term swings. I'm holding until the next bubble at a minimum. The last two bubbles took nearly a year to play out so even if this is the start it could be until next Fall before it plays out fully. Talking out of my butt but I think the big signal is whether it breaks through the ATH or bounces off of it. If it bounces off it then it could be any number of months before it tests it again. If it breaks through, I think FOMO takes over and it officially marks the beginning of the next bubble. There was no turning back once the 2013 ATH was breached in 2017. |
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Originally Posted By Mopseydocks6014: It'll go up and and it'll go down. Definitely wont go back down below $5k again, IMO. I only have about $3k in it right now but I plan on riding it out. I also have no idea how I get it out of my coinbase account. View Quote Exodus soft wallet. Or Cobo Pro hard wallet. |
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When tyranny becomes law, rebellion becomes duty.
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Originally Posted By woodsie: Fair enough. I'm not confident enough to try and trade short term swings. I'm holding until the next bubble at a minimum. The last two bubbles took nearly a year to play out so even if this is the start it could be until next Fall before it plays out fully. Talking out of my butt but I think the big signal is whether it breaks through the ATH or bounces off of it. If it bounces off it then it could be any number of months before it tests it again. If it breaks through, I think FOMO takes over and it officially marks the beginning of the next bubble. There was no turning back once the 2013 ATH was breached in 2017. View Quote I hear you. Profit is profit. See my edited post above. I bought that Chainlink back in March when it was about $1.25 and converted when it hit $3.50. Yes a big miss, but still profit was made. Now that LTC has lit up. It's evening out in the long run. |
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Originally Posted By ARandomClaymore: XRP is XRP. While it's up big over the last day, its a fraction of it's all time high close to 3 years ago. I cashed out a majority of it a long time ago. Still have some and riding profits of it. View Quote I think a lot of the upswing is due to the Flare Spark airdrop coming in less than a month. I am holding all my XRP for that, and to see what it does. Bought a bunch at sub $0.20, enjoying my gains, hopefully it holds for a little while. |
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When tyranny becomes law, rebellion becomes duty.
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"There is a time for peace and talk and reason; and then, at long last, and only with sadness of heart and mournful admission that all your wisdom and words have failed, you must go kill you some motherfuckers and set some of their shit on fire"
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Interesting video I came across last night. Gives those folks without a full coin something to think about.
How Much Bitcoin Should You Own? The Richest Bitcoin Owners |
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When tyranny becomes law, rebellion becomes duty.
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SS17
I flew with Rotorhead and survived to tell about it!! Black Rifles Matter Security Provided By The Second Admendment |
I played around with it last go, what exchange is the current hotness?
I mostly used Binance, but had heard they no longer allowed Americans to trade. Any truth to that? |
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This morning it’s 19,220, up 67% month to month and 97% of its ATH 19,783.
If it passes the ATH then 20k is a psychological barrier then it’s off to the races. Gold is down about 70 bucks the last two days. |
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he, him,
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Originally Posted By mchgnxj24: I played around with it last go, what exchange is the current hotness? I mostly used Binance, but had heard they no longer allowed Americans to trade. Any truth to that? View Quote Coinbase and Coinbase Pro. I can't think of any good reason to stick money on an overseas exchange except to gamble on obscure alts. Odds of the money dissappearing are too high. |
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Originally Posted By Default-Gateway: They have printed more dollars in the past 9 months than in the 100 yrs prior. Go figure why BTC is up. Institutional money is flooding in and there are only 3ish million BTC left to be mined. For reference, if you invested that $1200 check you got from Uncle Sam a couple months ago in BTC, it would be worth over $3200 now. Let that sink in. View Quote I've had a couple lousy performers but overall my bags are looking nice lately. I'm still trying to decide if I'll sell at some point during the rally and rebuy after the eventual crash or not. I'm historically bad at timing these things and screwing it up and still having to pay the taxes would probably eat most of the potential gains compared to just hodl. |
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Do it right, do it once.
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GBTC is 23.00 in premarket bids.
For those that don’t know, GBTC is Greyscale Bitcoin Trust, a Bitcoin ETF that trades over the counter in the real stock market. Each share is just under 1/1000th of a Bitcoin. It’s price is determined not just by the price of bitcoin but also by its own trading, same as all ETFs. |
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he, him,
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Originally Posted By captainpooby: GBTC is 23.00 in premarket bids. For those that don’t know, GBTC is Greyscale Bitcoin Trust, a Bitcoin ETF that trades over the counter in the real stock market. Each share is just under 1/1000th of a Bitcoin. It’s price is determined not just by the price of bitcoin but also by its own trading, same as all ETFs. View Quote The guy in charge of protecting their private key must be shitting diamonds from the pressure. |
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Originally Posted By captainpooby: This morning it's 19,220, up 67% month to month and 97% of its ATH 19,783. If it passes the ATH then 20k is a psychological barrier then it's off to the races. Gold is down about 70 bucks the last two days. View Quote |
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Pick up that can.
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Originally Posted By dog-meat: He has it in a Post it note stuck to his monitor. View Quote View All Quotes View All Quotes Originally Posted By dog-meat: Originally Posted By woodsie: The guy in charge of protecting their private key must be shitting diamonds from the pressure. He has it in a Post it note stuck to his monitor. Right where thieves least expect it. |
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he, him,
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Originally Posted By captainpooby: From 11,400 to 17,900 in the last month. ATH few years ago was about 20k. I wonder whatever happened to the board member here who cashed out 21,000 bitcoins when it hit a thousand bucks. It’d be worth nearly 400 million now. Yoiks! View Quote I think he cashed out at least half of it when it hit around $800- 850 and that still made him a $10+ millionaire. can you imagine what the cashout would be like if you got out at peak last time? Damn. |
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Anti-Public Bathroom Stall Stalker/ Peeker Coalition. End the perversion! Sign the petition!!!
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Originally Posted By dog-meat: He has it in a Post it note stuck to his monitor. View Quote View All Quotes View All Quotes Originally Posted By dog-meat: Originally Posted By woodsie: The guy in charge of protecting their private key must be shitting diamonds from the pressure. He has it in a Post it note stuck to his monitor. In all seriousness -- and I know you all know this, but I am posting for the thread readers -- those types of ultra high value keys are protected by one or more of a) multisignature b) Hardware security modules c) ??? |
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==COLLECTIVISM IS SLAVERY==
Everyman, I will go with thee and be thy guide, In thy most need to go by thy side. |
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Anti-Public Bathroom Stall Stalker/ Peeker Coalition. End the perversion! Sign the petition!!!
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Inky who rides a Harley--- and has a Job. Da--fuk
TN, USA
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Originally Posted By Mopseydocks6014: It'll go up and and it'll go down. Definitely wont go back down below $5k again, IMO. I only have about $3k in it right now but I plan on riding it out. I also have no idea how I get it out of my coinbase account. View Quote After all the influx going on over the last few days I moved my XRP over to Coinbase from binance.. Initially binance was the only place to buy XRP so since I made purchases last, Coinbase expanded their coins.. Cashing out from Coinbase is relatively easy.. Im not really sure of the process on Binance, which is why I moved it. |
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Inky who rides a Harley--- and has a Job. Da--fuk
TN, USA
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Originally Posted By mchgnxj24: I played around with it last go, what exchange is the current hotness? I mostly used Binance, but had heard they no longer allowed Americans to trade. Any truth to that? View Quote I received an email stating something to that effect... Another reason I switched my xrp to coinbase... I still have some XVG over there.. But Im not really sure on how to move it out... I have a very small fraction (.000000012) of BTC there too.. To small for a transfer though.. |
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Originally Posted By wpsharpshooter: After all the influx going on over the last few days I moved my XRP over to Coinbase from binance.. Initially binance was the only place to buy XRP so since I made purchases last, Coinbase expanded their coins.. Cashing out from Coinbase is relatively easy.. Im not really sure of the process on Binance, which is why I moved it. View Quote View All Quotes View All Quotes Originally Posted By wpsharpshooter: Originally Posted By Mopseydocks6014: It'll go up and and it'll go down. Definitely wont go back down below $5k again, IMO. I only have about $3k in it right now but I plan on riding it out. I also have no idea how I get it out of my coinbase account. After all the influx going on over the last few days I moved my XRP over to Coinbase from binance.. Initially binance was the only place to buy XRP so since I made purchases last, Coinbase expanded their coins.. Cashing out from Coinbase is relatively easy.. Im not really sure of the process on Binance, which is why I moved it. Binance is a Chinese company based in Malta. Getting out of there and getting into Coinbase is a good call as they are a U.S. based company. I'm a strong believer in having a throat that I can physically go choke in the event of shenanigans. I'm sure plenty of former Mt. Gox users would agree. |
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