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OT - Crypto Investments

greenbean.sixpack

greenbean.sixpack

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Oct 6, 2012
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I know there's speculation that crypto will surge under Trump. That potentially being the case, what crypto are you buying? I already own small amounts of the bitcoin and ethereum efts in Schwab. Would like to stay in Schwab platform if possible.
 
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mstateglfr

mstateglfr

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Feb 24, 2008
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It is speculation. There is speculation that it will surge and that it will plunge.

I suggest you look at the fundamentals of each crypto currency and let those fundamentals guide you in selecting what to invest in.
Analyze financial statements, look at ratio analysis to assess profitability and solvency, etc.***
You know - the established fundamentals for smart investing.
 
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Beretta.sixpack

Senior
Oct 29, 2009
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greenbean.sixpack said:
I know there's speculation that crypto will surge under Trump. That potentially being the case, what crypto are you buying? I already own small amounts of the bitcoin and ethereum efts in Schwab. Would like to stay in Schwab platform if possible.
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ive been trading crypto for about 5 years....made some and lost a lot....but i have been DCA'ing Bitcoin for 5 years now and i havent sold...BTC is king and with govt's now in the game, it's wise to buy and hold it......I have certainly learned what not to buy as well, but here are a couple with good use cases that I currently own and trading: CRV, XRP, and AAVE....there are certainly other good ones out there, but these are the ones that Ive studied and charted. I try to stick to just a few....Ive learned trying to be in a bunch of coins is not ideal....but at the end of the day, you should have mostly BTC and forget the price. Just buy it.
 
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Jeffreauxdawg

Jeffreauxdawg

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Dec 15, 2017
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The few people I know that have made real money off crypto have all done it with Bitcoin. They seem to think the halving cycle is the only thing that really matters long term.

If this cycle looks like the last two you're going to have a blow-off top sort of action at around 120-150,000 this fall. Afterwards it will go through a distribution phase to bottom out in the 50-60,000 range by early 2027 before the cycle flips to accumulation for the 2028 halving.

White vertical lines on chart below represent halving dates. It peaks about 18 months after then declines back to the previous cycle high. Yellow path is something I would expect if the halving cycle theory plays out again.

1000018181.png
 
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dorndawg

dorndawg

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Sep 10, 2012
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Barkman Turner Overdrive said:
The Frito Scoops had to be the best modern chip invention. With all that area, it allows for you to better control your chip to dip/salsa ratios.
Click to expand...
I showed up to a chili supper with some regular tortilla chips instead of Scoops and I might as well have brought a shovel covered in dogshiit, the way folks carried on. Lesson learned, damn.
 
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anon1758050382

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Oct 6, 2022
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Don’t invest in crypto. Invest in profitable companies.

Save in bitcoin.

Bitcoin is the only innovation. Crypto is a scam that preys on people who think they are too late for bitcoin. “Invest in my token! It’s the next bitcoin!” Meanwhile, the project has a founder, a board, and a group of insiders that received most of the supply pre-launch. In other words, nothing like bitcoin. They are unregistered securities that don’t do anything a real company does.

Bitcoin is signal. Crypto is noise.

But don’t worry, Schwab is happy to collect fees on top of these scams.
 
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MSUDOG24

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Mar 31, 2021
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Yet another thread that started with something about Crypto investing and somehow turned to Sonic, chili and the best Frito scoop/regular/Lime Tostito combo "argument".
Hard to say how many times I've have to go back to the top to remember what the subject of the thread was. Honestly, what makes 6P the best site on the internet as you never know where it's going or end up.
(and I wouldn't argue for a minute that scoops weren't a great invention)
 
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anon1758050382

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Oct 6, 2022
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SwampDawg said:
Is the value of Bitcoin expressed in dollars? If so, why?
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Someone makes this comment nearly every thread. This isn’t the mic drop people think it is. Gold is expressed in dollars. Real estate is expressed in dollars. The euro is expressed in dollars. Dollars are expressed in euros. Dollars are expressed in bitcoin.

It’s called an exchange rate.

1742133734413.png
 
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Maroon13

Maroon13

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Sep 29, 2022
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pseudonym said:
Don’t invest in crypto. Invest in profitable companies.

Save in bitcoin.

Bitcoin is the only innovation. Crypto is a scam that preys on people who think they are too late for bitcoin. “Invest in my token! It’s the next bitcoin!” Meanwhile, the project has a founder, a board, and a group of insiders that received most of the supply pre-launch. In other words, nothing like bitcoin. They are unregistered securities that don’t do anything a real company does.

Bitcoin is signal. Crypto is noise.

But don’t worry, Schwab is happy to collect fees on top of these scams.
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I'm glad BTCmoonboy bumped this and I saw your post.

Because I'm sitting here on vacation trying to decided if I get into the crypto game buying Ethereum???? I guess not?

Because as you said, Bitcoin is too much for me today. Maybe in 2028 at the halving....
 
horshack.sixpack

horshack.sixpack

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Oct 30, 2012
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pseudonym said:
Someone makes this comment nearly every thread. This isn’t the mic drop people think it is. Gold is expressed in dollars. Real estate is expressed in dollars. The euro is expressed in dollars. Dollars are expressed in euros. Dollars are expressed in bitcoin.

It’s called an exchange rate.

View attachment 772329
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Exchange rates are typically related to established currency. I think that many, myself included, are hesitant to simply accept that cryptocurrency is real currency. It is hard to put a lot of trust in something backed by literally nothing but a computer algorithm, even if it is distributed. The other fundamental difference that I think I see is that it gets pumped up as an "investment". I realize that some folks pump gold up as an investment, and it has some intrinsic value, however, I don't invest in gold.

While I finally conceded and bought some IBIT, I honestly expect to regret it. Finally, the fact that around every corner, someone is barking about bitcoin and trying hard to get others to invest, just further strengthens my skepticism. It's weird in a "yeah I get it you do CrossFit" kind of way...
 
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anon1758050382

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Oct 6, 2022
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horshack.sixpack said:
Exchange rates are typically related to established currency. I think that many, myself included, are hesitant to simply accept that cryptocurrency is real currency. It is hard to put a lot of trust in something backed by literally nothing but a computer algorithm, even if it is distributed. The other fundamental difference that I think I see is that it gets pumped up as an "investment". I realize that some folks pump gold up as an investment, and it has some intrinsic value, however, I don't invest in gold.

While I finally conceded and bought some IBIT, I honestly expect to regret it. Finally, the fact that around every corner, someone is barking about bitcoin and trying hard to get others to invest, just further strengthens my skepticism. It's weird in a "yeah I get it you do CrossFit" kind of way...
Click to expand...

I agree that bitcoin should not be viewed as an investment. I invest in profitable companies. I save in bitcoin. If my investment underperforms my savings vehicle, it's not a good investment.
 
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dorndawg

dorndawg

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Sep 10, 2012
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horshack.sixpack said:
Exchange rates are typically related to established currency. I think that many, myself included, are hesitant to simply accept that cryptocurrency is real currency. It is hard to put a lot of trust in something backed by literally nothing but a computer algorithm, even if it is distributed. The other fundamental difference that I think I see is that it gets pumped up as an "investment". I realize that some folks pump gold up as an investment, and it has some intrinsic value, however, I don't invest in gold.

While I finally conceded and bought some IBIT, I honestly expect to regret it. Finally, the fact that around every corner, someone is barking about bitcoin and trying hard to get others to invest, just further strengthens my skepticism. It's weird in a "yeah I get it you do CrossFit" kind of way...
Click to expand...
If there's money to be made in crypto, I'm guessing one or more of the companies making up the S&P 500 will figure it out. I plan to keep pumping $ into VOO
 
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paindonthurt

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Apr 7, 2025
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pseudonym said:
I agree that bitcoin should not be viewed as an investment. I invest in profitable companies. I save in bitcoin. If my investment underperforms my savings vehicle, it's not a good investment.
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Can you explain this to me without being a smart @SS?

Are you saying your investments (not bitcoin - your words) aren't doing well, but your savings (bitcoin) is?
 
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anon1758050382

All-American
Oct 6, 2022
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paindonthurt said:
Can you explain this to me without being a smart @SS?

Are you saying your investments (not bitcoin - your words) aren't doing well, but your savings (bitcoin) is?
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I don't invest in companies that I don't expect to outperform bitcoin. (I don't have many investments.)
 
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anon1758050382

All-American
Oct 6, 2022
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paindonthurt said:
So is bitcoin and investment or not?
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Many view it as an investment. For example, if you're buying $IBIT to sell it at a USD profit, you are using it as an investment.

That's not how I approach bitcoin. Bitcoin is money. Bitcoin is savings. Investing is risking bitcoin for the opportunity to outperform bitcoin. I'm not saying those opportunities don't exist, but once you adopt this mindset, you become a very selective investor.
 
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paindonthurt

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Apr 7, 2025
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pseudonym said:
Many view it as an investment. For example, if you're buying $IBIT to sell it at a USD profit, you are using it as an investment.

That's not how I approach bitcoin. Bitcoin is money. Bitcoin is savings. Investing is risking bitcoin for the opportunity to outperform bitcoin. I'm not saying those opportunities don't exist, but once you adopt this mindset, you become a very selective investor.
Click to expand...
So you are saying you can never lose with bitcoin if you view it as savings?
 
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