5 minutes ago, Aspiritfall said:

I know it's inevitable and I can understand having to paying taxes on capital gains but is this something we should be worried about? I mean I fully expect the government to f it up... I would think regulation would be a good thing in some form of way but is there a risk of it killing crypto? At this point with how many institutions and large companies have bought bitcoin I can't see it going away... I just don't know what to make of regulation

I'm not familiar with the specifics (I'm basically out of the crypto game at this point aside from a tiny bit of play money) but I view regulation, in this case, as a net positive. If you truly want widespread adoption at scale, you need the green light from regulators.

1 hour ago, Aspiritfall said:

I know it's inevitable and I can understand having to paying taxes on capital gains but is this something we should be worried about? I mean I fully expect the government to f it up... I would think regulation would be a good thing in some form of way but is there a risk of it killing crypto? At this point with how many institutions and large companies have bought bitcoin I can't see it going away... I just don't know what to make of regulation

It depends on the form it takes, but you should be very concerned. During the Colonial Pipeline hack, politicians threw around the magic words which will lead to regulation - "national security.” The allure of crypto is its anonymity, and that will go away one way or another. 
 

My personal opinion is that Bitcoin and other cryptos will be significantly lower in 5 years.  Between now and then? Who the hell knows. I sold my crypto exposure right after Colonial and those statements. 
 

And no crypto acolytes. I am not looking to debate this. I hope you make tons of money. It just isn’t for me. 

2 hours ago, vikas83 said:

It depends on the form it takes, but you should be very concerned. During the Colonial Pipeline hack, politicians threw around the magic words which will lead to regulation - "national security.” The allure of crypto is its anonymity, and that will go away one way or another. 
 

My personal opinion is that Bitcoin and other cryptos will be significantly lower in 5 years.  Between now and then? Who the hell knows. I sold my crypto exposure right after Colonial and those statements. 
 

And no crypto acolytes. I am not looking to debate this. I hope you make tons of money. It just isn’t for me. 

Security and also climate. Two major whacks politicians can point to. I’ve thought about it from a hedging perspective but decided to stay out. 

8 hours ago, vikas83 said:

It depends on the form it takes, but you should be very concerned. During the Colonial Pipeline hack, politicians threw around the magic words which will lead to regulation - "national security.” The allure of crypto is its anonymity, and that will go away one way or another. 
 

My personal opinion is that Bitcoin and other cryptos will be significantly lower in 5 years.  Between now and then? Who the hell knows. I sold my crypto exposure right after Colonial and those statements. 
 

And no crypto acolytes. I am not looking to debate this. I hope you make tons of money. It just isn’t for me. 

For some, absolutely. On the other hand, Coinbase has a market cap of $50B because a lot people want a legal and safe way to dabble in crypto. I think robinhood reported $11B in holdings, and like a fifth of its revenue from crypto trading. Then recently there's PayPal joining the fray, in addition to retailers that accept it. Not a cryptoshill looking to debate this, just saying that some loss of relative anonymity might not sink the market like some would assume.

22 hours ago, vikas83 said:

It depends on the form it takes, but you should be very concerned. During the Colonial Pipeline hack, politicians threw around the magic words which will lead to regulation - "national security.” The allure of crypto is its anonymity, and that will go away one way or another. 
 

My personal opinion is that Bitcoin and other cryptos will be significantly lower in 5 years.  Between now and then? Who the hell knows. I sold my crypto exposure right after Colonial and those statements. 
 

And no crypto acolytes. I am not looking to debate this. I hope you make tons of money. It just isn’t for me. 

Crypto is outpacing the rate of internet adoption and will build new applications on it, taking it to another level. Bitcoin is much more useful than gold and less than 1/10th its market cap

You don't have to debate this, but if you think we're down 5 years from now, all I can say is that flies in the face of progess, reason, and the adoption curve crypto has been following since its started. 

Unstoppable money and unstoppable code is the 21st century arms race against totalitarian control and surveillance. There is no chance this is going away

My advice is to really understand this. I don't think there's almost anything going on in the world that is deeper and more powerful than this.

https://twitter.com/realvision/status/1423745912707420164?s=21

20 hours ago, DrPhilly said:

Security and also climate. Two major whacks politicians can point to. I’ve thought about it from a hedging perspective but decided to stay out. 

They can say this until they're blue in the face but it's absolute nonsense and no educated person in crypto believes this.

Bitcoin mining is nearly 60% renewables at this point and use 1/4th the amount of energy Americans use to dry their clothes. To create uncensorable, impossible to debase, borderless, near instant transfer money for anyone in the world with a cell phone and an internet connection.

The United States by comparison uses less than 10% of renewables for their entire energy usage. It's hypocrisy 

1 hour ago, mattmcginley7 said:

They can say this until they're blue in the face but it's absolute nonsense and no educated person in crypto believes this.

Bitcoin mining is nearly 60% renewables at this point and use 1/4th the amount of energy Americans use to dry their clothes. To create uncensorable, impossible to debase, borderless, near instant transfer money for anyone in the world with a cell phone and an internet connection.

The United States by comparison uses less than 10% of renewables for their entire energy usage. It's hypocrisy 

It doesn’t matter if it is true or not. 

11 hours ago, DrPhilly said:

It doesn’t matter if it is true or not. 

Betting against this, now and in 5 years is truly an awful financial decision. That's all I can say

best hedge against inflation is still and always will be hookers and blow 

Cardano has been on a tear hopefully it keeps going 

Looks like PNC is partnering with coinbase to offer crypto to its customers... Hoping I can bypass PayPal now and avoid the 4 percent fee 

We about to go crazy the rest of 2021, if you haven't gotten in yet then highly recommend it. 

On 8/11/2021 at 7:07 AM, Aspiritfall said:

Cardano has been on a tear hopefully it keeps going 

First crypto I bought. I’m finally in the black again 

16 minutes ago, OCEaglefan said:

First crypto I bought. I’m finally in the black again 

It's been on fire... When it hit 1.80 I was expecting it to pull back to around 1.60 and I planned to buy more it just keeps going... At like 2.13 now... 

I bought at about 1.80 whenever it was at that a month or two ago 

20 minutes ago, OCEaglefan said:

I bought at about 1.80 whenever it was at that a month or two ago 

Hopefully it keeps going... Smart contracts are coming September 12th that should help the price... As long we don't see any major downturns by the end of the year I wouldn't be surprised to see a price between 4 and 5 dollars... Good luck 👍

Doge charts show a good pump 

On 8/7/2021 at 9:21 AM, we_gotta_believe said:

For some, absolutely. On the other hand, Coinbase has a market cap of $50B because a lot people want a legal and safe way to dabble in crypto. I think robinhood reported $11B in holdings, and like a fifth of its revenue from crypto trading. Then recently there's PayPal joining the fray, in addition to retailers that accept it. Not a cryptoshill looking to debate this, just saying that some loss of relative anonymity might not sink the market like some would assume.

The loss of anonymity is what needs to happen for it to be viable long term. Having legitimate, professionally run exchanges like Coinbase are a step in that direction. Governments won’t care so much as long as they can track who owns what and extract their own cut of the loot.

It’s either you start attaching SSNs to wallets and exchanges, or the whole thing will end up getting banned by basically every government on earth.

 

20 hours ago, mattmcginley7 said:

 

Aren't they going to have to accept bitcoin at their El Salvador locations? Maybe this is related? I didn't read the article but I thought I saw something online today about that 

On 8/13/2021 at 8:52 PM, Aspiritfall said:

Hopefully it keeps going... Smart contracts are coming September 12th that should help the price... As long we don't see any major downturns by the end of the year I wouldn't be surprised to see a price between 4 and 5 dollars... Good luck 👍

Who will be on the network and why over ETH? 

Best bet is delay this for another 2 years

21 minutes ago, DaEagles4Life said:

Who will be on the network and why over ETH? 

Best bet is delay this for another 2 years

I'm certainly not saying this is a better buy than eth and I wouldn't tell anyone to buy this over eth but I definitely want some to have for the long run... I tried to buy what I could while it was under 2 dollars... Btc eth and Ada are what I'm trying to buy up now... Picking up some other coins along the way... Solana cosmos polkadot algorand and polygon... I would rather have some money in and lose it than wish one day I did 

On 8/7/2021 at 12:50 AM, vikas83 said:

It depends on the form it takes, but you should be very concerned. During the Colonial Pipeline hack, politicians threw around the magic words which will lead to regulation - "national security.” The allure of crypto is its anonymity, and that will go away one way or another. 
 

My personal opinion is that Bitcoin and other cryptos will be significantly lower in 5 years.  Between now and then? Who the hell knows. I sold my crypto exposure right after Colonial and those statements. 
 

And no crypto acolytes. I am not looking to debate this. I hope you make tons of money. It just isn’t for me. 

Any specific reason for that timeline?

Just now, TEW said:

Any specific reason for that timeline?

People can always be irrational for longer than expected.