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ConDaddy

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Sep 23, 2020
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I recently made a small investment into several different crypto currencies. For many years I’ve considered it but had my doubts so always chickened out. I figured it was time and with some minor luck jumped in just when the market reset a little a couple of weeks back. I’m optimistic however I’ve got the sell button ready to go if I get too nervous haha.

I put about 70% into BTC and ETH and then tossed the remaining into some of the smaller alt coins which have received allot of recent attention. With the IPO of Coinbase happening next week it’ll be curious to see how this impacts the crypto market.
 

kona1000

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Oct 10, 2009
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It’s kind of like in 1997 when Boomers be like - ‘I don’t understand computers’

now they just call them phones and everyone has one.
Buy now or buy later. You’ll buy.
 

ChuckJr

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Apr 22, 2021
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I'm a Boomer at 60, my first computer was a breadboarded 6800 running machine language about a decade before 1997. Now I admit I don't know much about Bitcoin, and don't own a cell phone, but here's my latest computer build (it wasn't quite finished here)

RVIEO-1.jpg
 

SirDooksalot

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Aug 28, 2021
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I've been in crypto since 2016 and boy what a ride has it been.

To be honest, many of you are leery and with good cause. The industry is very new with little regulation and is ripe of fraud and theft. There are countless coins and companies trying to just take investor capital and run.

From my experience, you buy when everyone is telling Kona how wrong he is. Then you sell when you see him with a bunch of likes on his posts. The only benefit I see now from crypto is the financial mobility of not having my funds frozen or held. Not having an intermediary to transfer value is actually revolutionary to me.

Most of these "coins" have 50-100 active users holding up a multi 100 million dollar economy. The tech is there, but it is not remotely close to being everyday average person use case. Just choose any popular coin you see and run their client to see for yourself.
 

kona1000

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I've been in crypto since 2016 and boy what a ride has it been.

To be honest, many of you are leery and with good cause. The industry is very new with little regulation and is ripe of fraud and theft. There are countless coins and companies trying to just take investor capital and run.

From my experience, you buy when everyone is telling Kona how wrong he is. Then you sell when you see him with a bunch of likes on his posts. The only benefit I see now from crypto is the financial mobility of not having my funds frozen or held. Not having an intermediary to transfer value is actually revolutionary to me.

Most of these "coins" have 50-100 active users holding up a multi 100 million dollar economy. The tech is there, but it is not remotely close to being everyday average person use case. Just choose any popular coin you see and run their client to see for yourself.
Bitcoin is not like any of those other ‘coins’.
Bitcoin is up only technology.
it will go 10x when it takes over the gold market, it will go 100x from there when it takes over the bond market.
It is still early.
 

CgarDan

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Jun 18, 2006
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I am not sure if it had that much grow room. But I will say we will hit 100-150k this market cycle which means any time from today until end of 2022. Then it will likely fall to around 70k and then we will see
 

kann

One Leg Of Fury.
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Apr 29, 2011
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I am not sure if it had that much grow room. But I will say we will hit 100-150k this market cycle which means any time from today until end of 2022. Then it will likely fall to around 70k and then we will see
So, is it possible to buy a full coin? So, if I were to buy a coin at $50K +/- (if I read Kona correctly above), you believe I could cash out sometime next year if it peaks and be up about $50-$100K USD? How hard is it to cash out and turn a BTC into USD? Too many other important things tying up funds at the moment, but almost tempting...
 

CgarDan

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So, is it possible to buy a full coin? So, if I were to buy a coin at $50K +/- (if I read Kona correctly above), you believe I could cash out sometime next year if it peaks and be up about $50-$100K USD? How hard is it to cash out and turn a BTC into USD? Too many other important things tying up funds at the moment, but almost tempting...
You do not need to buy a full coin, but you can if you want. Any crypto exchange will let you buy Bitcoin for what ever currency amount you want to invest. So even if you wanted to invest $100 you could do that.
Also converting fiat currency to crypto and back should not be an issue.
 

ConDaddy

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Sep 23, 2020
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@kann I can sell BTC and have cash back in my bank in less than an hour. Its extremely easy for anyone on sites like Coinbase (not sure what sites are available in your country). I've actually also been buying what are called Stable Coins like USDC and i'm using DEFI sites and currently making 8.88% apy. That convo is probably for another day but i'm also making 4$ on my bitcoin doing the same thing.

Also recently started in on NFT's but that market is insane and i'm still dumbfounded by allot of it.
 

kann

One Leg Of Fury.
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Messages
6,480
You do not need to buy a full coin, but you can if you want. Any crypto exchange will let you buy Bitcoin for what ever currency amount you want to invest. So even if you wanted to invest $100 you could do that.
Also converting fiat currency to crypto and back should not be an issue.
@kann I can sell BTC and have cash back in my bank in less than an hour. Its extremely easy for anyone on sites like Coinbase (not sure what sites are available in your country). I've actually also been buying what are called Stable Coins like USDC and i'm using DEFI sites and currently making 8.88% apy. That convo is probably for another day but i'm also making 4$ on my bitcoin doing the same thing.

Also recently started in on NFT's but that market is insane and i'm still dumbfounded by allot of it.

Thanks, guys. For reasons I'm not in the crypto/investment market right now, but those numbers just piqued my interest.
 

CgarDan

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Jun 18, 2006
Messages
3,130
@kann I can sell BTC and have cash back in my bank in less than an hour. Its extremely easy for anyone on sites like Coinbase (not sure what sites are available in your country). I've actually also been buying what are called Stable Coins like USDC and i'm using DEFI sites and currently making 8.88% apy. That convo is probably for another day but i'm also making 4$ on my bitcoin doing the same thing.

Also recently started in on NFT's but that market is insane and i'm still dumbfounded by allot of it

Can we chat sometime. I am still trying to figure out the staking part. Unfortunately being in NY I think coin base pro is the best trading platform for me that’s actually available. Otherwise I would go with binance for a lot lower transaction costs
 

ConDaddy

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Sep 23, 2020
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Absolutely i would be happy to. You can look at Celsius this is what i have most of mine staking. Some of the staking requires your coins being locked up where you cant withdrawal. Celsius is great because i can pull it out anytime and its back on exchange in a few minutes if i need it.
 

kona1000

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Oct 10, 2009
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All these coins you are staking, there blockchains are controlled by an individual or a group. Some are more reputable than others, do your own research.

Whereas these other crypto assets can be used for gambling purposes, Bitcoin is the only one of them that’s decentralized and has the potential to be the future world reserve currency.
There’s a lot of money to be made if you want to gamble but sometimes you can lose.
Bitcoin is so easy to just buy and hold for the future.
I do you on several crypto assets.
 
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