October 20, 20215 yr 15 hours ago, mattmcginley7 said: The ideological discussion on Bitcoin is everything, it's why I've held for as long as I have without ever once considering selling. A couple of questions but first the disclaimer that I don’t invest is stocks or play the market or anything and I’m not really interested in getting into it. I dump $$$ into my 401k and am setting myself up for a ‘normal comfortable’ retirement. That sai, you previously described your somewhat lavish lifestyle of buying a car with cash, living abroad, etc which I though you were attributing to your success on Bitcoin but you’ve also reference that you’ve never sold it so where did the cash come from? Or were you just indicating that despite your investments you still have enough disposable income to be able to do those things? 2nd is you keep saying about how buying and selling is terrible with Bitcoin because you’ll never hit the peak or floor. Again, as a non investor, it doesn’t seem to matter to me if you’re hitting the peak and the floor as long as you’re buying lower than you sold with enough margin to cover the fees, and selling higher than you bought with enough margin to cover fees and taxes. Am I oversimplifying it or are you talking strictly about maximizing profits/value?
October 20, 20215 yr Author 22 minutes ago, Imp81318 said: A couple of questions but first the disclaimer that I don’t invest is stocks or play the market or anything and I’m not really interested in getting into it. I dump $$$ into my 401k and am setting myself up for a ‘normal comfortable’ retirement. That sai, you previously described your somewhat lavish lifestyle of buying a car with cash, living abroad, etc which I though you were attributing to your success on Bitcoin but you’ve also reference that you’ve never sold it so where did the cash come from? Or were you just indicating that despite your investments you still have enough disposable income to be able to do those things? 2nd is you keep saying about how buying and selling is terrible with Bitcoin because you’ll never hit the peak or floor. Again, as a non investor, it doesn’t seem to matter to me if you’re hitting the peak and the floor as long as you’re buying lower than you sold with enough margin to cover the fees, and selling higher than you bought with enough margin to cover fees and taxes. Am I oversimplifying it or are you talking strictly about maximizing profits/value? Yeah I had enough disposable income. I never "Yolo"ed". It was a calculated amount that largely let me live life and never at any point was everything I had The history of Bitcoin is traders losing money and holders making returns no one could ever make trading. It's still significantly undervalued imo so trading is a very unnecessary risk It sounds as simple as you make it, but the reality is much different with something that keeps crashing upwards
October 20, 20215 yr Author 18 minutes ago, Kz! said: Wish I had bought more when it "crashed" back in May. I did. Went in big on that, ETH and RUNE
October 20, 20215 yr Author If you won't take it from me, you should probably listen to the billionaire who keeps getting rich holding
October 20, 20215 yr 2 hours ago, mattmcginley7 said: If you won't take it from me, you should probably listen to the billionaire who keeps getting rich holding Saylor was a billionaire before crypto so of course he can hold because he is still a billionaire. I will absolutely agree his risk has paid off but financially we are on different planets. You do your way and I'll do mine which is to accumulate as many coins as possible as fast as possible before it becomes unattainable.
October 20, 20215 yr 22 minutes ago, DaEagles4Life said: Saylor was a billionaire before crypto so of course he can hold because he is still a billionaire. You do your way and I'll do mine which is to accumulate as many coins as possible as fast as possible before it becomes unattainable. He’s holding it on his publicly traded company’s balance sheet. That’s "worse” IMO than holding it himself. Maybe it works out, maybe it doesn’t, but that’s a lot of extra risk to put on shareholders and it’s also made his company a BTC exposure by proxy product for some institutions that can’t invest directly. For both good and bad.
October 20, 20215 yr 22 hours ago, mattmcginley7 said: You did call that top. You want to know what else you did? You called it tulips sub 1k. If you bought that and held through that top, you murdered it in gains. Now I wonder who did that... Again, selling the top would be great. Almost no one will successfully do it, some of the most intelligent people in the world that are in crypto and understood its market cycle missed it. I think selling whenever you hit a particular goal or for things in your life that truly matter and remaining unemotional is likely the best strategy No, I called it a bubble in 2017 when it was obviously in a bubble. Prior to that I simply didn’t want to get involved because of the regulatory risks. We had elected officials calling for it to be banned. There was almost zero political support for it at the time. There also wasn’t any institutional involvement — you get major money with political sway involved, then you have advocates with actual clout. The regulatory risks just weren’t the same. And regulatory environment is still a risk, BTW. I think they’re a lot less than they used to be, but they still exist.
October 20, 20215 yr 36 minutes ago, Toty said: I personally just don't get the appeal for nft's... The technology behind is great for artists and musicians and such but I don't get the nft stuff... Maybe like collecting online sports cards in a sense but the prices are insane
October 20, 20215 yr Author 1 hour ago, TEW said: No, I called it a bubble in 2017 when it was obviously in a bubble. Prior to that I simply didn’t want to get involved because of the regulatory risks. We had elected officials calling for it to be banned. There was almost zero political support for it at the time. There also wasn’t any institutional involvement — you get major money with political sway involved, then you have advocates with actual clout. The regulatory risks just weren’t the same. And regulatory environment is still a risk, BTW. I think they’re a lot less than they used to be, but they still exist. I was there lol. You called it tulips and baseball cards. You liked the idea, yet still didn't consider the insane upside. Back then, a 1% allocation would have nearly doubled your net worth. You didn't play the odds correctly
October 20, 20215 yr Author 48 minutes ago, Aspiritfall said: I personally just don't get the appeal for nft's... The technology behind is great for artists and musicians and such but I don't get the nft stuff... Maybe like collecting online sports cards in a sense but the prices are insane Much of it right now is total crap. But I expect that to change and they will become important https://twitter.com/naval/status/1448089151677603846?s=21
October 20, 20215 yr Author 2 hours ago, DaEagles4Life said: Saylor was a billionaire before crypto so of course he can hold because he is still a billionaire. I will absolutely agree his risk has paid off but financially we are on different planets. You do your way and I'll do mine which is to accumulate as many coins as possible as fast as possible before it becomes unattainable. Saylor held tech stocks and made enormous gains on them as well
October 20, 20215 yr 2 hours ago, TEW said: No, I called it a bubble in 2017 when it was obviously in a bubble. Prior to that I simply didn’t want to get involved because of the regulatory risks. We had elected officials calling for it to be banned. There was almost zero political support for it at the time. There also wasn’t any institutional involvement — you get major money with political sway involved, then you have advocates with actual clout. The regulatory risks just weren’t the same. And regulatory environment is still a risk, BTW. I think they’re a lot less than they used to be, but they still exist. You literally told pffb, "this all smells like tulips to me." If you'd blatantly lie about this, you've probably lied about so much else. All to try to impress random strangers on the internet? Pretty F'in weird
October 20, 20215 yr 1 hour ago, mattmcginley7 said: Much of it right now is total crap. But I expect that to change and they will become important https://twitter.com/naval/status/1448089151677603846?s=21 Oh I definitely agree I just don't understand why anyone would pay hundreds of thousands to millions of dollars for a picture or cartoon or whatever when it does absolutely nothing... I think the tech behind it is important and will be valuable in other applications going forward... But I also don't have that kind of money to blow either
October 21, 20215 yr Author 2 hours ago, Aspiritfall said: Oh I definitely agree I just don't understand why anyone would pay hundreds of thousands to millions of dollars for a picture or cartoon or whatever when it does absolutely nothing... I think the tech behind it is important and will be valuable in other applications going forward... But I also don't have that kind of money to blow either It's not a good idea at all, I'm in complete agreement.
October 21, 20215 yr 7 hours ago, mattmcginley7 said: I was there lol. You called it tulips and baseball cards. You liked the idea, yet still didn't consider the insane upside. Back then, a 1% allocation would have nearly doubled your net worth. You didn't play the odds correctly The baseball card analogy was made by PFFB, not me.
October 21, 20215 yr This is absolutely amazing. FTX raises $420 million in funding round with backing from 69 investors including Tiger Global, Ribbit Capital https://www.theblockcrypto.com/post/121428/ftx-420-million-round-69-investors-tiger-ribbit Remember the Founder, Sam Bankman-Fried, is a huge SOL fan if looking for a coin to take off.
October 24, 20215 yr 1 hour ago, Toty said: You guys can waste your time with this "electric money" fad if you want... but how about a real investment opportunity? I have an idea in the works for a pizza parlour where the customers make their own pie. A whole chain of them! (a whole chain of restaurants - not a whole chain of pies, which would be weird) Taking early adopters and VC (venture capital - not little jungle maoists with pointy hats). $10k* up front. Any takers? @vikas83? *An investor may get back less than the amount invested. Information on past performance, where given, is not necessarily a guide to future performance. The capital value of units in the fund can fluctuate and the price of units can go down as well as up and is not guaranteed. Investor funds will most likely be used to purchase high-end prostitutes for the founder of the venture, not invested in the venture itself.
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