[F30dud]

ALT market has been insane this month and last..

[fertech]

Store them on ledger nano s as hardware wallet

[David70]

For the normal person not involved in illegal activity or trying to hide transactions, what is the point in using bitcoins? I get paid in US dollars, then convert them to bitcoins, spend the bitcoins, then either hold on to bitcoins or exchange them back to dollars? What is the benefit to me?

Confused as to when and why they will turn into a main portion of the currency used.

Like any other product I would expect that for me to change from my current system there has to be some benefit before I will do it.

[F30dud]

am i the only one who is smiling about the current BTC situation? there has been so many gains all over the ALT coin world, and including BTC, which is currently trading at $5021. Some analysis believe we are getting ready for the next bull market.

Its crazy to see how many of you spend so much money on mods, while you could have bought a BTC bitcoin, or even $1000 worth of one, and you could have just left it there for 3-5, willing to bet that would be a nice return once you decide to cash in 5 years. Doesn't seem like many people here are involved in crypto. But maybe they are hiding.

[XutvJet]

Originally Posted by David70

For the normal person not involved in illegal activity or trying to hide transactions, what is the point in using bitcoins? I get paid in US dollars, then convert them to bitcoins, spend the bitcoins, then either hold on to bitcoins or exchange them back to dollars? What is the benefit to me?

Confused as to when and why they will turn into a main portion of the currency used.

Like any other product I would expect that for me to change from my current system there has to be some benefit before I will do it.

The main draw for most is "get rich fast". I put bitcoins and other similar type currency up there with most any other get-rich scheme and wealth pipe dream. Sure, you can strike it rich with some luck and timing, but for the common investor who doesn't have piles of money laying around to play around with, this is a downright terrible investment choice. Plus it's a largely a dark currency right now used for illegal activity and heavily utilized by Iran, North Korea, Syria, Russia, and other terrible world players to get around sanctions.

Talk to most bitcoin investors and they routinely say, "but yeah, wait until 5 to 10 years for now....." I'll take my chances with most of my investments in low fee S&P 500 funds. I've played many of the games and lost. I've been in the market since the early 1990s. I've weathered at all the storms. I've lost up to 40% of my portfolio, only to have it come charging back and miles ahead. I've read books and I've personally seen the results. Patience and investing in reliable funds is how 99% of the common person with a sub $2M portfolio will financially succeed. I have money to play with and do risky one off investments occasionally and bitcoin is far from my radar.

IMO, if you've got less than $1M in financial assets like solid stocks, funds, cash, a home (i.e., you actually own it outright), bitcoin is a terrible choice to build wealth.

[David70]

Originally Posted by F30dud

am i the only one who is smiling about the current BTC situation? there has been so many gains all over the ALT coin world, and including BTC, which is currently trading at $5021. Some analysis believe we are getting ready for the next bull market.

Its crazy to see how many of you spend so much money on mods, while you could have bought a BTC bitcoin, or even $1000 worth of one, and you could have just left it there for 3-5, willing to bet that would be a nice return once you decide to cash in 5 years. Doesn't seem like many people here are involved in crypto. But maybe they are hiding.

You're saying I we should invest more money and spend less on car mods. Crazy.

I don't invest in anything I don't understand the business case for using it so I am out. Also the "some analysis believe" doesn't mean much to me.

[Poiseuille]

serious shill activity in this thread i think

[F30dud]

Originally Posted by XutvJet

The main draw for most is "get rich fast". I put bitcoins and other similar type currency up there with most any other get-rich scheme and wealth pipe dream. Sure, you can strike it rich with some luck and timing, but for the common investor who doesn't have piles of money laying around to play around with, this is a downright terrible investment choice. Plus it's a largely a dark currency right now used for illegal activity and heavily utilized by Iran, North Korea, Syria, Russia, and other terrible world players to get around sanctions.

Talk to most bitcoin investors and they routinely say, "but yeah, wait until 5 to 10 years for now....." I'll take my chances with most of my investments in low fee S&P 500 funds. I've played many of the games and lost. I've been in the market since the early 1990s. I've weathered at all the storms. I've lost up to 40% of my portfolio, only to have it come charging back and miles ahead. I've read books and I've personally seen the results. Patience and investing in reliable funds is how 99% of the common person with a sub $2M portfolio will financially succeed. I have money to play with and do risky one off investments occasionally and bitcoin is far from my radar.

IMO, if you've got less than $1M in financial assets like solid stocks, funds, cash, a home (i.e., you actually own it outright), bitcoin is a terrible choice to build wealth.

To each his own. I can say i had quite the success story, and i can say i profit almost every month from crypto. A house in 3-5 will have a higher resale value after 5 years wouldn't it ?

I'm definitely not the only one with a success story, but i just honestly think there's not a lot of investors in crypto on this forum. And of course lots of haters hating on the fact that some of us has made over 6 figures, and im going to say over and over again.

I didn't have lots of money when i started, maybe i was a little lucky indeed, but after the bull market, when everything came down crashing, i learned a lot about this type of market and how it works. Most alt coins came down 90%. And what happens after? Goes back up.

Originally Posted by David70

You're saying I we should invest more money and spend less on car mods. Crazy.

I don't invest in anything I don't understand the business case for using it so I am out. Also the "some analysis believe" doesn't mean much to me.

Not at all, im not trying to tell anyone what to do, more like an observation, you can spend 1000+ on a exhaust that looses its value instantly, where you could have use that for a portion of BTC and just HOLD. Im willing to bet, most of whoever would this, would be in profit. Anyone that purchased BTC under $4000, and had the right attitude and mindset will be successful in the near future.

And yeah most people here don't understand it at all, stock market is not the same thing, not even close.

This is for us younger generation, while most you older generation who believe the same old school ideas, house, stocks, bonds or whatever.

Will i invest in real estate? absolutely! Do i think its more stable ? Absolutely! - Matter of fact i bought a condo in 2010 for 175k and now its worth 400k. Its not fully paid off but i have maybe 20k left on it. On top of that all my cars are paid off. Not saying this to say that i got it, but i come from nothing and a 3rd world country, and made it with no rich parents, all on my own.

I took a gamble invested some money, and made insane returns.

Life's to short, try something different. You can gamble at a casino, $200-$300, that could go into BTC and the ROE would be much better in general.


Its a lot easier to invest in Crypto then real estate. Cheaper - for most the idea of cheaper and higher return is more appealing than real estate.

[adc100]

My son bought some time in 2016.like a cope hundred bucks. He was up $400+ k andI mentioned why not take a profit. He said he doesn't care if it goes down to zero. He is not filth rich but worth a couple million. He just didn't care. I said he could buy me a BMW..lol

[gatorfast]

Originally Posted by David70

For the normal person not involved in illegal activity or trying to hide transactions, what is the point in using bitcoins? I get paid in US dollars, then convert them to bitcoins, spend the bitcoins, then either hold on to bitcoins or exchange them back to dollars? What is the benefit to me?

Confused as to when and why they will turn into a main portion of the currency used.

Like any other product I would expect that for me to change from my current system there has to be some benefit before I will do it.

I have asked the same question and never received a satisfactory answer. It makes no sense. Especially in the current environment with such extreme volatility it would make no sense to transact for goods/services in BTC compared to USD.

[David70]

Originally Posted by gatorfast

I have asked the same question and never received a satisfactory answer. It makes no sense. Especially in the current environment with such extreme volatility it would make no sense to transact for goods/services in BTC compared to USD.

There are lots of people saying we should invest in it, it will eventually be a large percentage of transactions but I have never heard why the average person would want to deal with it.

If the business plan is to capture a large percentage of illegal money transactions then at least I could understand what they are trying to accomplish. Then if the market it large enough and there is money to be made the person could decide if they want to be part of it (I wouldn't). Better than the never ending "everyone will be using it and it is awesome". Weird to me the number of people that are investing in a business where they don't seem to understand the business plan.

[P1]

Massive upswing this week. BTC should be at $50K soon I read.

[BayMoWe335]

Yes, you should go all in as they’ve bottomed and will go much higher.

Hugely undervalued asset class with huge potential to go MUCH higher.

These are value producing assets that can never be duplicated, hacked, stolen, or lost. There is no way more could ever be created and nothing will be able to replicate it.

[BayMoWe335]

Crypto is definitely going to $100K or even $200k. Bottom is in and it’s going to explode higher. Get in while you can.

[P1]

Absolutely. I read an article today saying BTC will be at $50K soon.

[340ix17]

I think diversifying with Cryptos is a good idea, but be reasonable and understand it's going to remain a rocky ride for some time. Silver has stayed pretty suppressed and remains a good way to preserve wealth no matter what happens to the market and/or cryptos.

Plenty of people start with Coinbase, since it's app based and allows for easy purchases and transfers (i.e. to a bitcoin 'wallet'); however, there is a nominal fee per transaction.

[F30dud]

Originally Posted by Casmo1212

Hi guys, I have never invested in crypto and don't know enough about it but I am curious what is a good way to get started investing in cryptocurrency? And is it worth it?

start with coinbase, and start with a sum your willing to let sit there until whatever profit fits you.

Ex: $1000 buy on coinbase at whatever BTC is now, sell whenever you want. You could also buy 1BTC @ 5210, and let it sit for whatever time you decide.

[IllSic_Design]

Pretty sure the last 2 new posters are bots

[F30dud]

Also i see lots of trolls in here, lol BTC is not going to just explode to 50k, 100k, or 200k, you guys have no idea what your talking about...

it doesn't work like that, even with enough FOMO from major retailers, closest highest peak to hit this year imo is 20-25k, and thats IF.


IF it blows through 6k, it will validate a new bull cycle or run, whatever you want to call it.

One analyst believes a break of $5260 will validate a new bull run, but we already broke that 2 days ago $5352 highest peak we've had since the major drop.


The whole market sentiment is overall bullish, i wanted to see some type of correction back to 4000 levels, some believe that might not come again, but ive seen the worst and lived through -%80 portfolio..

I'll expect anything, and since im parked in ALT coins, i really dont have the need to sell my BTCs that i have on the exchange. Im in it with that for the long run, like the MOON boys


A good source of charts is on tradingview.com

[IllSic_Design]

I wouldn't say it's bullish until it breaks 6-6.25k, that's where the major resistance is.

[BayMoWe335]

Originally Posted by F30dud

Also i see lots of trolls in here, lol BTC is not going to just explode to 50k, 100k, or 200k, you guys have no idea what your talking about...

it doesn't work like that, even with enough FOMO from major retailers, closest highest peak to hit this year imo is 20-25k, and thats IF.


IF it blows through 6k, it will validate a new bull cycle or run, whatever you want to call it.

One analyst believes a break of $5260 will validate a new bull run, but we already broke that 2 days ago $5352 highest peak we've had since the major drop.


The whole market sentiment is overall bullish, i wanted to see some type of correction back to 4000 levels, some believe that might not come again, but ive seen the worst and lived through -%80 portfolio..

I'll expect anything, and since im parked in ALT coins, i really dont have the need to sell my BTCs that i have on the exchange. Im in it with that for the long run, like the MOON boys


A good source of charts is on tradingview.com

There is literally no limit to how high this can go. Limitless value on this rare, incredible asset.

$100K is conservative.

[David70]

Originally Posted by BayMoWe335

Yes, you should go all in as they’ve bottomed and will go much higher.

Hugely undervalued asset class with huge potential to go MUCH higher.

These are value producing assets that can never be duplicated, hacked, stolen, or lost. There is no way more could ever be created and nothing will be able to replicate it.

Originally Posted by BayMoWe335

Crypto is definitely going to $100K or even $200k. Bottom is in and it’s going to explode higher. Get in while you can.

Originally Posted by BayMoWe335

There is literally no limit to how high this can go. Limitless value on this rare, incredible asset.

$100K is conservative.

Half my posts are just trolling to get a rise and it’s working. That thread was almost 10 years ago and I was depressed about money because everyone maxed out credit while I always paid for things in cash.

I’m over it now though, but thanks for checking in on it.

He was right though, I was trolling too hard. I’m deleting the immature posts and bowing out of the thread.

https://www.zpost.com/forums/showpos...&postcount=954

I thought you were done with the trolling?