OT: Stock and Investment Thread

[bob-loblaw]

It’ll never be currency because it’s too volatile. Read the story about the guy who paid 10k BTC for 2 pizzas. Why would anyone pay someone an asset that can move up 10 to 20% for a fixed cost item? The other way is true too. Who wants to accept payment that can decrease 10-20%. The best hope is that it replaces Gold.

Seriously, you're citing an example from when Bitcoin was in its infancy? From 10 years ago?!?!?

In all honesty, I hear that AOL/Time Warner merger is going to mean big things for both companies. I also heard Enron is a real up and comer in the energy sector. I hear good things about the Joba kid the Yanks having coming up. Who's going to win the run chase, Sosa or McGwire? Make sure you get to the airport 6 hours before your flight to get through security. I heard we might be getting this Nate Robinson kid who couldnt get into Miami. Release the rocket. WHy does Savage keep looking to the sidelines for the play? What is that gap? Man, I could go for a Pete's Wicked Ale right now.

What's next? Citing Mt Gox as another current reason why BTC is bad?

 

[T2Kplus20]

Good way to end a week. My FOLM prevents me from FOMO.

Had to Google FOLM!

I'm more in your camp on the balance between the two. I'm talking a big game now, but my fun/crypto account makes up about 0.3 - 0.4% of our investments. The other 99%+ are in our 7 retirement accounts made up of funds and ETFs.

 

[RUAldo]

Seriously, you're citing an example from when Bitcoin was in its infancy? From 10 years ago?!?!?

In all honesty, I hear that AOL/Time Warner merger is going to mean big things for both companies. I also heard Enron is a real up and comer in the energy sector. I hear good think about the Joba kid the Yanks having coming up. Who's going to win the run chase, Sosa or McGwire? Make sure you get to the airport 6 hours before your flight to get through security. I heard we might be getting this Nate Robinson kid who couldnt get into Miami. Release the rocket. WHy does Savage keep looking to the sidelines for the play? What is that gap? Man, I could go for a Pete's Wicked Ale right now.

What's next? Citing Mt Gox as another current reason why BTC is bad?

What’s problematic is there are so many people that have no clue how BTC or altcoins even work yet they are throwing money at them because of the hype and perception that it’s cool. BTC mining, digital wallets, GrayScale, etc. - ask 10 people that have put money in crypto recently to tell you about these and you’ll get the most ridiculous answers.

 

[bob-loblaw]

The BTC madness is all driven by speculation and RH/retail gamblers looking to cash in. BTC skyrocketed a few years ago and then came crashing down. Add in pumpers like Musk and Kramer and it’s the perfect storm. This time, however, may be different but I’m not convinced BTC and altcoins are going to take over the world.

Dude, please stay faintly current. This "BTC Madness" has nothing to do with RH/ retail gamblers looking to cash in.

The rally in 2017 was driven by retail investors. As the selloff happened they all got spooked and the price tanked. This years rally is being driven by Wall St. Microstrategy, Square, Paypal, Mass Mutual, ARKK, Greyscale, Tesla and on and on. They're the ones driving this price. Kramer has been reluctant on BTC until an interview on the Pomp podcast over the summer. Even then, he only purchased fairly recently.

RH BTC purchases are not real. Theyre IOU's for x% of a bitcoin. Thats all. All crypto on Robinhood is UNINSURED. If they ever have a serious liquidity crisis, crypto holders there could be screwed.

You dont need to be convinced. If the global actions over the last year werent enough of a sign I dont know what to tell you. Maybe when JPMorgan officially launches their coin that will be a sign. Maybe when foreign countries start launching coins that will be a sign. I dont know. Just like when I first surfed the internet outside of an AOL dialup connection, it was blatantly obvious to me that the internet would change the world. I feel the same about digital currency.

 

[bob-loblaw]

What’s problematic is there are so many people that have no clue how BTC or altcoins even work yet they are throwing money at them because of the hype and perception that it’s cool. BTC mining, digital wallets, GrayScale, etc. - ask 10 people that have put money in crypto recently to tell you about these and you’ll get the most ridiculous answers.

You're right. But how is it different than my pizza guy telling me about some medical stock today? Or a barber telling his customer about some fund he's invested in. It's up to the end user to do their due diligence in any investment; stock, real estate, crypto, etc.

And yes I know several people who got burned BAD on crypto in 17/18. Just like I k now people who got burned on GME & AMC. They acted impulsively instead of rationally.

 

[T2Kplus20]

ARKK was +3.5% in 2018, which was a wonderful year in a down market. So it has had 4 exceptional years in a row. Look at the portfolio, amazing returns for many holdings.

31 of their 47 holdings had 1-year returns over 100%. Any questions? LOL!

https://www.morningstar.com/etfs/arcx/arkk/portfolio

To follow-up on ARKK and Tesla.

Tesla was down 4% this week, yet ARKK was up 2%.

 

[Jtung230]

Seriously, you're citing an example from when Bitcoin was in its infancy? From 10 years ago?!?!?

In all honesty, I hear that AOL/Time Warner merger is going to mean big things for both companies. I also heard Enron is a real up and comer in the energy sector. I hear good things about the Joba kid the Yanks having coming up. Who's going to win the run chase, Sosa or McGwire? Make sure you get to the airport 6 hours before your flight to get through security. I heard we might be getting this Nate Robinson kid who couldnt get into Miami. Release the rocket. WHy does Savage keep looking to the sidelines for the play? What is that gap? Man, I could go for a Pete's Wicked Ale right now.

What's next? Citing Mt Gox as another current reason why BTC is bad?

How about 2 weeks ago when it was at 30k? If you made a purchase with BTC, You just overpaid by 33% now. I did that calculation with my abacus. Feel free to discuss with your “friends” in the clubhouse app.

 

[RUAldo]

Dude, please stay faintly current. This "BTC Madness" has nothing to do with RH/ retail gamblers looking to cash in.

The rally in 2017 was driven by retail investors. As the selloff happened they all got spooked and the price tanked. This years rally is being driven by Wall St. Microstrategy, Square, Paypal, Mass Mutual, ARKK, Greyscale, Tesla and on and on. They're the ones driving this price. Kramer has been reluctant on BTC until an interview on the Pomp podcast over the summer. Even then, he only purchased fairly recently.

RH BTC purchases are not real. Theyre IOU's for x% of a bitcoin. Thats all. All crypto on Robinhood is UNINSURED. If they ever have a serious liquidity crisis, crypto holders there could be screwed.

You dont need to be convinced. If the global actions over the last year werent enough of a sign I dont know what to tell you. Maybe when JPMorgan officially launches their coin that will be a sign. Maybe when foreign countries start launching coins that will be a sign. I dont know. Just like when I first surfed the internet outside of an AOL dialup connection, it was blatantly obvious to me that the internet would change the world. I feel the same about digital currency.

BTC and altcoins are all driven by FOMO right now and that includes Wall Street money. I’m not suggesting BTC is an asset that’s going to evaporate overnight. But, as it stands today, nobody cares about the utility of BTC it’s all about surfing the digital currency wave. And, Wall Street prop trading desks are salivating at the opportunity to carve up the pipeline and they’ll bail right before it crashes on shore. Musk buys BTC and then immediately starts pumping it. Kramer buys it and then talks it up on CNBC. There are endless YouTube videos of “digital currency experts”. I’m assuming you are investing in digital currency and want people on this board to start buying to both legitimize it as an asset class and make your portfolio more valuable. All these people are pushing BTC and altcoins for one reason - to make money! BTW, I’m not anti-BTC. It’s just another way to generate and transfer wealth.

 

[bob-loblaw]

How about 2 weeks ago when it was at 30k? If you made a purchase with BTC, You just overpaid by 33% now. I did that calculation with my abacus. Feel free to discuss with your “friends” in the clubhouse app.

I'm no mathematician,but if your purchased at 30k, you're happy as a clam w btc at 48k.

Lol, re: clubhouse

 

[RUAldo]

You're right. But how is it different than my pizza guy telling me about some medical stock today? Or a barber telling his customer about some fund he's invested in. It's up to the end user to do their due diligence in any investment; stock, real estate, crypto, etc.

And yes I know several people who got burned BAD on crypto in 17/18. Just like I k now people who got burned on GME & AMC. They acted impulsively instead of rationally.

I hear what you are saying, but when the pizza guy tells me to buy a biotech stock I can actually research the biotech company (leadership, products, sales, pipeline, r&D, etc.). I can even drive to the biotech company’s HQ if I feel like it. If someone gives me real estate tip, I can go inspect the property. When someone tells me to buy BTC, what am I looking at or researching? how many times Musk hash-tagged it? How many percent it’s up in a week? Satoshi Nakamoto’s thesis? What are the fundamentals that I can use to assess BTC as an investment or trade?

 

[RU05]

Thank you Cramer?

Ya, now would I have trimmed when it hit $4.80 if I hadn't trimmed the day before? Maybe. But overall that extended hours trade turned out all right.

Sold half of my remaining position around $2. So I still have a bit left in case it get's hot again.

Just judging by the GME move, it shot up, came back, then really took off. So want a bit there in case this has a similar move.

 

[RU05]

@RU-05
Miners blowing up today. RIOT, HIVE, and ARGO. Not sure why, but MARA has been lagging for the past few days. Galaxy over $15 now.

EDIT - Argo leading the way, up 38%.

Not sure if I mentioned this, but Argo was added to BLOK on Feb 5 (in the 2% position).

FTFT led the way in my book. Also around 38%.

BTCS which was my long shot homerun recommendation, has been dropping despite the rally. I think it shot up too much in the last run. Almost sold today, but the bid sizes made think maybe buyers see this as a base point. Again, just a small position.

 

[RU05]

I hear what you are saying, but when the pizza guy tells me to buy a biotech stock I can actually research the biotech company (leadership, products, sales, pipeline, r&D, etc.). I can even drive to the biotech company’s HQ if I feel like it. If someone gives me real estate tip, I can go inspect the property. When someone tells me to buy BTC, what am I looking at or researching? how many times Musk hash-tagged it? How many percent it’s up in a week? Satoshi Nakamoto’s thesis? What are the fundamentals that I can use to assess BTC as an investment or trade?

I know it's not fundamentals but when institutions include it in their business model it does give it credibility. As does when a guy like Druckenmiller says he believes in it.

But I get it if people don't want to "invest" in BTC.

 

[T2Kplus20]

FTFT led the way in my book. Also around 38%.

BTCS which was my long shot homerun recommendation, has been dropping despite the rally. I think it shot up too much in the last run. Almost sold today, but the bid sizes made think maybe buyers see this as a base point. Again, just a small position.

Argo ended up +44% today. BOOM. It's up over 90% for me already. I bought half at 1.15 and then the other half at 1.66 (should have waited on that second half!).

I'm up 79% with each HIVE and Galaxy as well. Fun week!

By the way, tell me about FTFT? They are a blockchain company but not mining or into cryptos?

 

[Frida's Boss]

I hear what you are saying, but when the pizza guy tells me to buy a biotech stock I can actually research the biotech company (leadership, products, sales, pipeline, r&D, etc.). I can even drive to the biotech company’s HQ if I feel like it. If someone gives me real estate tip, I can go inspect the property. When someone tells me to buy BTC, what am I looking at or researching? how many times Musk hash-tagged it? How many percent it’s up in a week? Satoshi Nakamoto’s thesis? What are the fundamentals that I can use to assess BTC as an investment or trade?

It is impossible to value any of these crypto items, just as it’s I possible to value gold. Gold, though, has thousands of years of a track record as money. Stocks and bonds entitle the holder to a stream of income, either today or in the future. It most certainly can be valued. Not with scientific preciousness, but a fair range,

And when the pizza guy or barber tells you about any stock tip, it’s time to sell.

 

[RU Diesel07110]

Damn I wish I was t2k! I tried getting Bitcoin (don’t know **** abt it) but couldn’t get banking info thru on Coinbase last week.

 

[T2Kplus20]

Damn I wish I was t2k! I tried getting Bitcoin (don’t know **** abt it) but couldn’t get banking info thru on Coinbase last week.

I am a crypto/BTC expert over the past 3-4 weeks! LOL. However, I took the easy way out. I am using Grayscale for BTC and ETH (via GBTC and ETHE). So far, they have tracked very accurately with the coins. I am using a regular brokerage account for my crypto portfolio. Patting myself on the back for finding and researching HIVE, Argo, and Galaxy.

 

[RU05]

On Halftime report today Pete Najarian said he bought shares of SNDL because of high option activity.

Said he would be in short term, strictly a trade, but I guess the options suggest this run has a 2nd leg.

 

[RU05]

I am a crypto/BTC expert over the past 3-4 weeks! LOL. However, I took the easy way out. I am using Grayscale for BTC and ETH (via GBTC and ETHE). So far, they have tracked very accurately with the coins. I am using a regular brokerage account for my crypto portfolio. Patting myself on the back for finding and researching HIVE, Argo, and Galaxy.

I haven't looked at the respective charts, but I know a knock on ETHE not too long ago was that it didn't track very closely to the actual coin. Without looking it does seem as though they are more in sync the past 2 months or so.

 

[T2Kplus20]

I haven't looked at the respective charts, but I know a knock on ETHE not too long ago was that it didn't track very closely to the actual coin. Without looking it does seem as though they are more in sync the past 2 months or so.

+1
The bigger the trusts, the more likely they should track well. Actually, I believe GBTC posted a slightly higher gain with the recent run up to 48k. Not by a lot, but noticeable.

FYI, I'm on the hunt for another crypto lottery ticket stock. We shall see!

 

[Scarletnut]

Both GBTC and ETHE have a premium that increases as the price of the coins increase. It’s a psychological premium from FOMO, not to anything intrinsic with the trust. The trust has a flat 2.5% fee built in to the price.

 

[RUAldo]

I know it's not fundamentals but when institutions include it in their business model it does give it credibility. As does when a guy like Druckenmiller says he believes in it.

But I get it if people don't want to "invest" in BTC.

It is impossible to value any of these crypto items, just as it’s I possible to value gold. Gold, though, has thousands of years of a track record as money. Stocks and bonds entitle the holder to a stream of income, either today or in the future. It most certainly can be valued. Not with scientific preciousness, but a fair range,

And when the pizza guy or barber tells you about any stock tip, it’s time to sell.

Gold has uses beyond just an investment vehicle. It’s used in electronics, jewelry, etc. Plus, the fact that it’s a physical asset is a huge differentiator. You don’t have to worry about forgetting your digital wallet password and losing your gold forever. I wouldn’t argue against BTC if it truly had utility beyond the blockchain technology. But, all of the people that talk up BTC are the same ones that own it. And, the Wall Street institutions are only getting involved now because they see how much money they are leaving on the table. They will create all sorts of wacky BTC derivatives that bring in millions so the bankers can continue to pay for their Greenwich and Hampton lifestyles. Then, 3 years from now a trigger event is going to lead to a BTC crash and nobody is going to understand how to unwind the BTC positions and derivatives.

 

[T2Kplus20]

Both GBTC and ETHE have a premium that increases as the price of the coins increase. It’s a psychological premium from FOMO, not to anything intrinsic with the trust. The trust has a flat 2.5% fee built in to the price.

2% for GBTC and 2.5% for ETHE. Coinbase et. al also charge fees. Someone here said 1.5%.

 

[bob-loblaw]

I hear what you are saying, but when the pizza guy tells me to buy a biotech stock I can actually research the biotech company (leadership, products, sales, pipeline, r&D, etc.). I can even drive to the biotech company’s HQ if I feel like it. If someone gives me real estate tip, I can go inspect the property. When someone tells me to buy BTC, what am I looking at or researching? how many times Musk hash-tagged it? How many percent it’s up in a week? Satoshi Nakamoto’s thesis? What are the fundamentals that I can use to assess BTC as an investment or trade?

And for certain altcoins you can see exactly what the coin or token is used for. As I said before, picking an alt is just like pickinga stock.

I really have no interest in debating the merits of btc or crypto with you 9r anyone. I had zero real interest in crypto investing before the last yr. I read up, got educated and have been making investments. Theres enough institutional support behind crypto and btc that it can no longer be brushed aside as "one day itll all go to zero"

This is an investment thread. Ive gotten good pointers from here and am doing my best to impart my knowledge base to others and pay it forward. Its my hope that those with a closed mind towards crypto will have an a ha moment like i had last yr.
If not, oh well...

 

[T2Kplus20]

And for certain altcoins you can see exactly what the coin or token is used for. As I said before, picking an alt is just like pickinga stock.

I really have no interest in debating the merits of btc or crypto with you 9r anyone. I had zero real interest in crypto investing before the last yr. I read up, got educated and have been making investments. Theres enough institutional support behind crypto and btc that it can no longer be brushed aside as "one day itll all go to zero"

This is an investment thread. Ive gotten good pointers from here and am doing my best to impart my knowledge base to others and pay it forward. Its my hope that those with a closed mind towards crypto will have an a ha moment like i had last yr.
If not, oh well...

What service do you use for buying coins? In particular Cardano and Polkadot? I looked at Binance and it was confusing as hell!

Just curious. Grayscale filled for ADA and DOT trusts, but the timing for launch is unclear.

 

[RUAldo]

And for certain altcoins you can see exactly what the coin or token is used for. As I said before, picking an alt is just like pickinga stock.

I really have no interest in debating the merits of btc or crypto with you 9r anyone. I had zero real interest in crypto investing before the last yr. I read up, got educated and have been making investments. Theres enough institutional support behind crypto and btc that it can no longer be brushed aside as "one day itll all go to zero"

This is an investment thread. Ive gotten good pointers from here and am doing my best to impart my knowledge base to others and pay it forward. Its my hope that those with a closed mind towards crypto will have an a ha moment like i had last yr.
If not, oh well...

I’m not closed minded towards BTC at all. I have done plenty of research on it and continue to do so. I like to make money just like the next guy. However, up to this point, it seems that the #1 reason most folks give for buying crypto currency is that “it’s going to go up”. And, the #2 reason I’m now hearing is “acceptance by institutions”. At this point, it’s not clear whether 5 years from now BTC will be treated like gold - or trading cards. All I can say is if Musk types #gold would the price of gold jump 10%? Will businesses start accepting Pokémon cards as a form of payment?

 

[T2Kplus20]

I’m not closed minded towards BTC at all. I have done plenty of research on it and continue to do so. I like to make money just like the next guy. However, up to this point, it seems that the #1 reason most folks give for buying crypto currency is that “it’s going to go up”. And, the #2 reason I’m now hearing is “acceptance by institutions”. At this point, it’s not clear whether 5 years from now BTC will be treated like gold - or trading cards. All I can say is if Musk types #gold would the price of gold jump 10%? Will businesses start accepting Pokémon cards as a form of payment?

https://www.cnbc.com/2021/02/12/mar...ain-crypto-to-early-days-of-the-internet.html

 

[RUAldo]

https://www.cnbc.com/2021/02/12/mar...ain-crypto-to-early-days-of-the-internet.html

I’m not a Cuban fan but he makes a compelling argument. I completely agree with the “store of value” concept. However, the more he talked about stamps and digital trading cards, the less I became convinced that cryptocurrency will rule the world. I was a sports card collector in my youth and the market was red hot. I made a lot of money on weekends at card shows. Then card manufacturers flooded the market and supply/demand was turned upside down and the market collapsed. There were simply too many manufacturers and too many cards. Enter cryptocurrency. What makes cryptocurrency even worse is that anyone with a computer can create a coin these days hence the term “shitcoins”. The barrier to entry doesn’t exist whereas with trading cards a new line of cards required a manufacturing facility, marketing expenses, licensing fees paid for the images on cards, etc. Nevertheless, I realize there is an opportunity to make a bunch of money off cryptocurrency. I didn’t buy NBA cards back in the 80s because I cared about basketball. It was all about big money cards like the Jordan rookie. But, the cryptocurrency market is always just a tweet away from going up or down. If Musk tweets that he sold his BTC it would drop 5-10%.

 

[RUAldo]

This digital asset craze is basically the rebirth of Second Life although blockchain may be the biggest difference. About 10 years ago, people were buying and selling virtual real estate and goods in Second Life. I knew people that made money. Then, the buzz disappeared and user engagement gradually dropped.

https://secondlife.com/land/purchasing.php

 

[T2Kplus20]

I’m not a Cuban fan but he makes a compelling argument. I completely agree with the “store of value” concept. However, the more he talked about stamps and digital trading cards, the less I became convinced that cryptocurrency will rule the world. I was a sports card collector in my youth and the market was red hot. I made a lot of money on weekends at card shows. Then card manufacturers flooded the market and supply/demand was turned upside down and the market collapsed. There were simply too many manufacturers and too many cards. Enter cryptocurrency. What makes cryptocurrency even worse is that anyone with a computer can create a coin these days hence the term “shitcoins”. The barrier to entry doesn’t exist whereas with trading cards a new line of cards required a manufacturing facility, marketing expenses, licensing fees paid for the images on cards, etc. Nevertheless, I realize there is an opportunity to make a bunch of money off cryptocurrency. I didn’t buy NBA cards back in the 80s because I cared about basketball. It was all about big money cards like the Jordan rookie. But, the cryptocurrency market is always just a tweet away from going up or down. If Musk tweets that he sold his BTC it would drop 5-10%.

Yes, Cuban makes a compelling argument that we are at the start of something big (likely). Forget about the background noise of "shitcoins" and focus on BTC, ETH, and a who will be the other 2-3 winners. If you are interested in learning more about the subject, this video is a good one. I learned a lot regarding what could go wrong and the likelihood of such risks:

 

[Jtung230]

Same Cuban that told people to hold on to GME?

 

[T2Kplus20]

Same Cuban that told people to hold on to GME?

The same Cuban that became a billionaire during the internet boom. I don't listen to Cuban on all subjects, but tech like this is his wheelhouse.

 

[Jtung230]

The same Cuban that became a billionaire during the internet boom. I don't listen to Cuban on all subjects, but tech like this is his wheelhouse.

Except this isn’t tech.

 

[T2Kplus20]

Except this isn’t tech.

Blockchain is 100% tech. All cryptos are built on blockchain and is what makes it work.

 

[Jtung230]

Blockchain is 100% tech. All cryptos are built on blockchain and is what makes it work.

I can assure you no one cares about how it’s built at this point. People are bidding up a crypto built as a joke.

 

[RUAldo]

I’m a believer in cryptocurrency if we can all agree it simply comes down to making $$$. If Musk and Cuban didn’t think they could make a fortune from cryptocurrency they wouldn’t waste their time talking about it. Cuban didn’t buy NBA Hot Shots digital cards because he loved the images or had fun opening the digital packs. If Pokémon cards had reached epic valuation heights back in the 90s, Wall Street would have jumped all over it. But a multi-million dollar trading card industry is a rounding error for Wall Street and institutions. However, cryptocurrency is a billion dollar industry and they don’t want to be left out of the party. Nobody actually believes in the utility of digital currency. They believe there is an opportunity to make a lot of money. Blockchain tech is legit but companies have been working on use cases for years. And, I find it interesting that IBM is supposedly a blockchain leader yet you don’t hear the Silicon Valley titans like Alphabet launching major blockchain initiatives. And, how highly is IBM regarded in the tech world? It’s a dinosaur.

 

[bob-loblaw]

What service do you use for buying coins? In particular Cardano and Polkadot? I looked at Binance and it was confusing as hell!

Just curious. Grayscale filled for ADA and DOT trusts, but the timing for launch is unclear.

I use gemini for btc, eth, aave, fil and amp.

Kucoin for all other alts. Kucoin is not easy at first. But 9nce you get it, its simple

I’m not closed minded towards BTC at all. I have done plenty of research on it and continue to do so. I like to make money just like the next guy. However, up to this point, it seems that the #1 reason most folks give for buying crypto currency is that “it’s going to go up”. And, the #2 reason I’m now hearing is “acceptance by institutions”. At this point, it’s not clear whether 5 years from now BTC will be treated like gold - or trading cards. All I can say is if Musk types #gold would the price of gold jump 10%? Will businesses start accepting Pokémon cards as a form of payment?

I appreciate the comparisons you're trying to make, but theyre a reach. I too was all over baseball cards. I had perpetual anger Mcgwire s rook year, id see the bottom name first. Mark, the the Mc... and it was always frigging mark mclemore. Every. Damn. Time.

This digital asset craze is basically the rebirth of Second Life although blockchain may be the biggest difference. About 10 years ago, people were buying and selling virtual real estate and goods in Second Life. I knew people that made money. Then, the buzz disappeared and user engagement gradually dropped.

https://secondlife.com/land/purchasing.php

Lol again. W Secondlife. My nephew sold shields or some **** for worldcraft when he was 12. Theres perpetually some random tool to make $$$ be it pokemon, YouTube channels or anything. None of which have gotten to this point crypto has.

Except this isn’t tech.

Except it is. Not sure how you're missing that.

I can assure you no one cares about how it’s built at this point. People are bidding up a crypto built as a joke.

Again, please do some reading and stop citing what you read on drudge or saw on cnbc about Doge.

 

[RUAldo]

I use gemini for btc, eth, aave, fil and amp.

Kucoin for all other alts. Kucoin is not easy at first. But 9nce you get it, its simple


I appreciate the comparisons you're trying to make, but theyre a reach. I too was all over baseball cards. I had perpetual anger Mcgwire s rook year, id see the bottom name first. Mark, the the Mc... and it was always frigging mark mclemore. Every. Damn. Time.



Lol again. W Secondlife. My nephew sold shields or some **** for worldcraft when he was 12. Theres perpetually some random tool to make $$$ be it pokemon, YouTube channels or anything. None of which have gotten to this point crypto has.

Except it is. Not sure how you're missing that.

Again, please do some reading and stop citing what you read on drudge or saw on cnbc about Doge.

If blockchain or the tech underlying cryptocurrency is a real source of value, where are all the billion dollar Silicon Valley blockchain companies? How many blockchain companies does Musk or Cuban own? Instead, you have a bunch of kids in their parents’ basements creating new coins and digital assets every day. There is no end as long as the demand is there - until it’s not. I’m interested in BTC because I’m always up for making money from a source other than my job and traditional investments. But, like everyone else these days, I could care less about the tech and just want to see my digital wallet explode. FOMO at its finest.

 

[T2Kplus20]

Instead, you have a bunch of kids in their parents’ basements creating new coins and digital assets every day.

Very similar statement to:

"Instead, you have a bunch of kids in their parents’ garages creating new computers every day."

1980s - PCs
2000s - Internet boom
2020s - Blockchain/cryptos

 

[RUAldo]

Very similar statement to:

"Instead, you have a bunch of kids in their parents’ garages creating new computers every day."

1980s - PCs
2000s - Internet boom
2020s - Blockchain/cryptos

The big difference is with PCs and the Internet there were massive barriers to entry
and very few had the necessary coding and programming skills to pull it off. Those kids didn’t start in their parent’s basement. They started at Stanford, CalTech, MIT, etc. There weren’t thousands of YouTube videos and online resources teaching you how to code. Anyone can launch their own coin these days and you are only a tweet away from striking it rich. Regardless, I fully recognize that BTC and digital assets are a store of value and there is plenty of money to be made. But, I do believe that the market will become so saturated with digital assets and speculation will run wild ultimately leading to a day of reckoning.