Crypto currency

Discussion in 'Business, Investing & Finance' started by Gator By Marriage, Mar 16, 2019.

  1. NVGator

    NVGator Member
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    up to over $46,000.00 Why do I always miss out?
     
  2. BMF

    BMF Bad Mother....
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    Next time it takes a dip, keep an eye on MARA. Just buy a few shares and watch it run when BTC makes another un up.
     
  3. Detroitgator

    Detroitgator Well-Known Member
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    Missed in the Tesla/Bitcoing news, in the same statement, they said they may invest in gold bullion and gold ETFs as well. You'd think they'd go with silver, they are a big consumer of it (unless they are already heavily hedged in it).
     
    • Concrete Helmet

      Concrete Helmet Hook, Line, and Sinker
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      Probably trying to sway people away from silver to keep the price down.
       
      • GatorCatsi

        GatorCatsi ¡No más tacos gratis!
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        I'm not sure you've missed out.

         
        #65 GatorCatsi, Feb 10, 2021
        Last edited: Feb 10, 2021
      • Alumni Guy

        Alumni Guy Newbie
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        What terrifies me about Bitcoin is the secrecy behind its creation. If we don’t know who created it, how do we truly know there is a finite amount of it.

        It’s possible it was created by a rogue nation or a terrorist. Then one day, we all check our email and receive 1,000,000 Bitcoin. Bitcoin is reduced to that dumb U2 album we all got on our iPhone without permission.

        Warren Buffet’s rule #1: don’t invest in something you don’t understand. While I get Bitcoin, I don’t understand it.
         
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        • Concrete Helmet

          Concrete Helmet Hook, Line, and Sinker
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          Me neither but I do understand the word profit :lol:....which is why I invested a little in it and will also be taking little bits of profit along the way..
           
          • BMF

            BMF Bad Mother....
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            MARA is down 8% today. I'm going to hold off on buying any additional MARA until it's below, at least, $28.
             
            • Concrete Helmet

              Concrete Helmet Hook, Line, and Sinker
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              I sold some Grayscale today when it was down....then tried to buy it back when it came back up a little...You know that old saying about it being alright to miss the boat just don't chase the boat?
              [​IMG]
               
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              • BMF

                BMF Bad Mother....
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                MARA finished down 9% yesterday....and it's up 15% pre-market.
                 
                • BMF

                  BMF Bad Mother....
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                  MARA's up another 8%, over $40. Wow!
                   
                • Detroitgator

                  Detroitgator Well-Known Member
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                  If any of you are still thinking that the price of bitcoin is being driven by guys in their mom's basement/robinhooder's and not by institutional investing, i don't know what to tell you.
                   
                  • BMF

                    BMF Bad Mother....
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                    Blog post today:

                    Embracing crypto
                    Bigger financial institutions are embracing Bitcoin (BTC-USD), paving the way for large-scale adoption. The crypto jumped as high as 8.1% to $48,663 on Thursday, notching a new record, after Mastercard (MA) and Bank of New York Mellon Corp. (BNY) moved to make it easier for customers to use cryptocurrencies. Galaxy Digital chief Mike Novogratz said this development is huge, but the flow of good news for Bitcoin has been so great of late that it's going nearly unnoticed.

                    Backdrop: On Tuesday, Tesla (TSLA) invested $1.5B in Bitcoin and announced it would begin accepting the crypto for payment "in the near future." There were also some earlier signals. Last week, Elon Musk said he thought Bitcoin "was on the verge of broad acceptance" and added the Bitcoin hashtag to his bio on Twitter. In January, Tesla further disclosed it might hold some of its cash reserves in "certain alternative reserve assets including digital assets, gold bullion [and] gold exchange-traded funds."

                    Twitter (TWTR) has additionally done some "upfront thinking" about how to deal Bitcoin, including if employees ask to be paid in the crypto and whether the firm needs to have the digital asset on its balance sheet. Twitter CEO Jack Dorsey, who is also the co-founder of Square (SQ), has been a long-time advocate of Bitcoin.

                    Quote: "These are just the early innings of corporate adoption, as digital currencies are beginning to play a larger role in robust balance sheet management," said Nathan Cox, Chief Investment Officer at Two Prime, an investment firm specialized in digital asset and derivative strategy management.
                     
                  • UFHealthGator

                    UFHealthGator Well-Known Member
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                    So glad I literally lump summed into Bitcoin about 2-3 weeks before Tesla's and Elon's announcement. No fomo here, just my mind has fundamentally changed once I finally went beyond the stupid typical financial advisor / tv analyst BS and read about the tech. I don't even think in how much USD my BTC is worth, just think in terms of how much BTC I have. I will gladly welcome a big crash and another "Bitcoin is dead" bear market to finally accumulate more for cheap.

                    What's crazy is in my new written financial plan, only a month ago I allocated only 5% of portfolio to Bitcoin, and already it is worth 8-9% of my portfolio's value. Either way I don't expect this gravy train to last for the short term, but I do think fundamentally, in 10 years it will be my best performing asset.
                     
                  • BMF

                    BMF Bad Mother....
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                    I'm waiting for the next downturn (if it happens) - otherwise I'm not adding anymore on it's way up. I made some profit w/ MARA and I'll buy more of that if/when there's another downturn.
                     
                  • UFHealthGator

                    UFHealthGator Well-Known Member
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                    I'm not buying any crypto stocks although that is a good idea inside any IRA. Just buying bitcoin and moving it to a cold hardware wallet of mine. I am not waiting or timing anything. Going to continue to dollar cost average 5% of my allocated monthly investments into buying bitcoin, whether market is up or down. Look for a longterm 10-15 year outlook.

                    Edit: Btw having your own hardware wallet is oddly satisfying.
                     
                    • no1g8r

                      no1g8r Bringing Reason to the Masses
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                      I need to understand how all of the hardware wallet works. What happens if your house burns down? Is there a backup?
                       
                    • Detroitgator

                      Detroitgator Well-Known Member
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                      You MIGHT get another pullback to 28-30,000... maybe, but you better be ready when it happens
                       
                    • Gatormac2112

                      Gatormac2112 The Voice of Reason
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                      I dont like the hardware wallet idea. I have a hard enough time remembering passwords and my luck the wallet would be corrupt at some point in time. Online storage is OK for me.

                      Of course I only hold 2% of 1 bitcoin at the moment
                       
                    • GatorCatsi

                      GatorCatsi ¡No más tacos gratis!
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                      You might look into this one. It's an app, and is easy to access with a password and user name, but has great security.

                      Home - Edge
                       

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