I just bought $200,000 of Bitcoin

[happydreamer]

11 minutes ago, itsari said:

Comparing flat earthers to bitcoin doubters is extreme to say the least .

Fair enough...we'll stick em in the same bucket as those who said email would never become a thing

[StayinThailand2much]

22 minutes ago, happydreamer said:

Why wouldn't he be able to sell it instantly?  Thats part of the point behind it.  It's not like you're putting an ad on a forum saying I have 200k of crypto for sale who wants it

I don't know anything about it, but heard that you 'have to find someone and agree a price'... Sounds complicated.

[Lacessit]

1 minute ago, happydreamer said:

I did metals between 2005 and 2011.  had a gold and silver IRA.  Made some dough.  

Started with bitcoin in 2013 with a couple of ASIC jalapeño miners hooked up to a laptop and SlushPool

It's regulated because Governments want in.  Thats good thing (kinda).  It'll become more predictable.  It never used to follow the stock market but it does now, especially since there's starting to be BTC ETFs popping up

All I can say is I have never ever lost money on precious metals.

 

Gold because it is the risk-off refuge. Silver because it's used in solar cells. Platinum because there is only one month's forward supply, and it comes mainly from places like Russia and Zimbabwe.

[happydreamer]

1 minute ago, StayinThailand2much said:

I don't know anything about it, but heard that you 'have to find someone and agree a price'... Sounds complicated.

It's abstract but not overly complicated.  If you're familiar with trading platforms or anything that works like futures and options it's pretty straightforward.  Start at Coinbase if you're looking to learn more. ????

[happydreamer]

2 minutes ago, Lacessit said:

All I can say is I have never ever lost money on precious metals.

 

Gold because it is the risk-off refuge. Silver because it's used in solar cells. Platinum because there is only one month's forward supply, and it comes mainly from places like Russia and Zimbabwe.

Those are great reasons.  I still hold gold and silver in numismatics.  

 

[SAFETY FIRST]

7 minutes ago, Lacessit said:

17 minutes ago, SAFETY FIRST said:

You can always sell BTC 

 

To explain simply, think of it as gold.

Gold can always be sold.

Its the selling price that's the variable. 

Invalid comparison, gold is tangible. Bitcoin is a stream of electrons on the internet.

I'm wondering how bitcoin would cope with an EMP event

Like I said, a simple explanation. 

 

I see comments to quote 

'if you can sell' 

It's obvious these members don't understand BTC, so I kept it simple. 

 

 

 

 

[Pravda]

23 minutes ago, simon43 said:

[quote]

...A 5% portfolio allocation is the max i would recommend in crypto.

[/quote]

 

Perhaps $200,000 in crypto is 5% of his portfolio....

 

Not a chance. 

 

Anyway sold half. 

[Sunnny]

If these 200 k constitute more than 10% of your total net worth - then it is quite a risky move. If more than 50% - then better call the doctor.

[Sparktrader]

3 hours ago, Don Chance said:

With any investment there is a chance you could lose it all. With crypto it is a much higher chance. So i would not invest any money that i could not afford to lose. Crypto is purely speculation.

A 5% portfolio allocation is the max i would recommend in crypto. You want to have a diverse portfolio with a variety of asset classes to minimize you risk.

 

btw, Crypto is not a real currency. There is not much you can buy with it.

Lose it all? Highly unlikely. Thousands of firms accept bitcoin as payment now.

Risky? Everything is risky.

 

5,10,20% is sensible though. Invest in 5 things reduces risk. Investing in 50 things is a bit dumb and investing in 1 thing is risky.

 

If i won lotto id put 10% bitcoin, 10% ethereum. 10% bank shares, 10% mining company. 20% property. 40% cash.

 

 

[Whale]

Good move! It will hit 47K then it will come down for 3 to 4 months at least. Anyone investing with years in mind will make a killing. Just don't look until at least another year, You will have doubled your money at that point.

[Sparktrader]

24 minutes ago, Lacessit said:

Invalid comparison, gold is tangible. Bitcoin is a stream of electrons on the internet.

I'm wondering how bitcoin would cope with an EMP event.

Gold is a shiny rock. No dividends, no real use for payments. Was cheap in 1996. Dont like it now but you can buy gold crypto coins linked to price.

 

Some stocks are yielding 8% with growth. I reckon BHP goes to $100. 

[ExpatOilWorker]

2 hours ago, Pravda said:

 

To be honest I think I'll sell half at 56k. The buy is already at this price. Otherwise I may not sleep tonight 

 

 

 

 

 

 

 

 

What are the transactions cost?

Will you still make a profit at 56k?

[Sparktrader]

1 minute ago, Whale said:

Good move! It will hit 47K then it will come down for 3 to 4 months at least. Anyone investing with years in mind will make a killing. Just don't look until at least another year, You will have doubled your money at that point.

$1m by 2030 i think, ethereum $100k.

[Sparktrader]

1 hour ago, The Hammer2021 said:

If you can sell

Takes 1 second to sell. Dont people in 2022 know how exchanges work?

[Sparktrader]

5 minutes ago, ExpatOilWorker said:

What are the transactions cost?

Will you still make a profit at 56k?

1% i think most exchanges. Some are better.  Im up 13% under 2 weeks. 

 

I set up a chart using a dma and it picks the coins well.

[Jenkins9039]

2 hours ago, sirineou said:

As far as I can tell , it is pyramid scheme dependent on the greater fool theory, 

Schemes like that work well until there is no greater fool and you are the greater fool. 

The beauty of that, is that it's going mainstream (superbowl example), many more fools to buy in now.

[Sparktrader]

2 hours ago, FritsSikkink said:

You don't lose all your money when you buy land.

You can in Thailand, dodgy Lawyer.

 

Bitcoin has never crashed 100%. 

[Sparktrader]

2 minutes ago, Jenkins9039 said:

The beauty of that, is that it's going mainstream (superbowl example), many more fools to buy in now.

Making 300% pa is foolish? Yeah ok

 

Mainstream means it hits 200,000 next 2 years. 35,000 to 200,000 in 2 years is bad idea?

 

Bank interest is 1%.

 

Crypto

Property

Shares

 

Top 3 investments

[Sparktrader]

2 hours ago, sirineou said:

As far as I can tell , it is pyramid scheme dependent on the greater fool theory, 

Schemes like that work well until there is no greater fool and you are the greater fool. 

So basically you 1 dont understand tech and 2 dont know what a pyramid scheme is

 

Fiat money is more like a pyramid scheme than Bitcoin. Btc is finite, money gets printed daily ie a inflationary scam. $1 today is worthless in 10 years time.

[Lacessit]

21 minutes ago, Sparktrader said:

Gold is a shiny rock. No dividends, no real use for payments. Was cheap in 1996. Dont like it now but you can buy gold crypto coins linked to price.

 

Some stocks are yielding 8% with growth. I reckon BHP goes to $100. 

Gold is a currency hedge. As governments print more money for debt, it increases in value. Always has done.

True, it does not pay dividends.

BHP may well go to $100. I've also seen it go from $55 to $28, which made any dividends it paid look pretty sick in terms of loss of capital.

IMO the sharemarket is way overvalued at present, and gold is undervalued.

BTW, gold is not a rock. It's a noble metal.

Edited February 15, 2022 by Lacessit

[sirineou]

3 minutes ago, Sparktrader said:

So basically you 1 dont understand tech and 2 dont know what a pyramid scheme is

 

Fiat money is more like a pyramid scheme than Bitcoin. Btc is finite, money gets printed daily ie a inflationary scam. $1 today is worthless in 10 years time.

First you say that I don't understand what a pyramid scheme is, then you go on to say that other fiat currency is more of a Pyramid scheme 

Do you see the contradiction in your reply? 

[Sparktrader]

3 minutes ago, Lacessit said:

Gold is a currency hedge. As governments print more money for debt, it increases in value. Always has done.

True, it does not pay dividends.

BHP may well go to $100. I've also seen it go from $55 to $28, which made any dividends it paid look pretty sick in terms of loss of capital.

IMO the sharemarket is way overvalued at present, and gold is undervalued.

BTW, gold is not a rock. It's a noble metal.

Gold is a dog most of the time. Study 100 year chart. Had like 3 or 4 booms. Rest just a dog.

 

Bhp yielding 8%+ good interim result great div and rhey have gold, copper, nickel, iron ore, oil. Brokers tipping $100+

 

Bitcoin 300% in a year thats a proper inflation hedge. Up 23% on dma system in couple weeks.

 

Gold is a good buy once every quarter of a century, thats about it.

 

Better off buying gold stock imo.

[Sparktrader]

1 minute ago, sirineou said:

First you say that I don't understand what a pyramid scheme is, then you go on to say that other fiat currency is more of a Pyramid scheme 

Do you see the contradiction in your reply? 

Fiat is a pyramid scheme. Money printed daily ie its a scam. Devalued daily. Why invest in an asset that goes down daily? 

 

Bitcoin 300% pa

Shares 8% yield plus 8% pa on average growth

Property 8% pa avg

 

Only reason for fiat money is daily spend. 

 

 

 

 

 

[Sparktrader]

https://www.google.com/url?sa=t&source=web&rct=j&url=https://m.youtube.com/watch%3Fv%3DkF3DC1rmgfI&ved=2ahUKEwjEtOOz4YH2AhWyzTgGHSqGBmAQtwJ6BAg8EAI&usg=AOvVaw0PJRpMTj7c5_Jy6epGxyqF

[Lacessit]

4 minutes ago, Sparktrader said:

Gold is a dog most of the time. Study 100 year chart. Had like 3 or 4 booms. Rest just a dog.

 

Bhp yielding 8%+ good interim result great div and rhey have gold, copper, nickel, iron ore, oil. Brokers tipping $100+

 

Bitcoin 300% in a year thats a proper inflation hedge. Up 23% on dma system in couple weeks.

 

Gold is a good buy once every quarter of a century, thats about it.

 

Better off buying gold stock imo.

As I have never lost money on precious metals, I have to disagree.

 

Gold stocks are a casino, they usually pay poor dividends and they seem to attract managements with expensive tastes.

[Pravda]

38 minutes ago, ExpatOilWorker said:

What are the transactions cost?

Will you still make a profit at 56k?

0.2% with this exchange. 

[heiri007]

95% of the responses just prove: it's still very, very early ????

[Sparktrader]

2 minutes ago, Lacessit said:

As I have never lost money on precious metals, I have to disagree.

 

Gold stocks are a casino, they usually pay poor dividends and they seem to attract managements with expensive tastes.

100 year chart shows gold as a dog most of the time.

 

Hold a stock 8% increasing yield 10 years double money add capital growth way better than gold.

 

Gold had a poor year last year. Absolute dog. Bitcoin up 300%. Property up 30%.

 

 

[Sparktrader]

1 minute ago, heiri007 said:

95% of the responses just prove: it's still very, very early ????

True 90% of public clueless. I ask people most no idea. Never heard of Algorand or Solano. 

 

Solano massive year in 2021.

 

 

 

 

[Pravda]

Just for fun....

 

What crypto coin is it?

 

 

- 27 trillion in circulation

- unlimited supply cap

- only 1 node

- 1% of holders own 30%

- 25% supply minted in the last 6 months

- 38 million notes printed every day

- loses at least 3% of value every year

- in a bear market since its conception