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Crypto currency

GQdaLEGEND said:
thats actually pretty cool .. all in one stop
i just checked seems like no OTC atleast ( only know like 3 sysmbols lol )
but they are the only ones usually that cost $
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yes it should be a great entry level for young millennials and gen z who have no idea how to get started. plus for those who take profits along the way on their crypto, they would have traditional options to reinvest into then. it's actually a great setup, IMO. in theory Coinbase should be the bank/investment house of the future for todays younger folks just getting started. nevermind the fact that they exist because of Epsteins investment in them.
 
ax1 said:
Was fake news sorry
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Am I in the minority of people who buy bitcoin to spend on the web? I think as an investment there are many better options. Look at 5 years out or longer, that's what I've been doing for the last 20 years and no longer do I worry that I'll be stuck eating ramen noodles and hot dogs in retirement, nothing against ramen noodles and hot dogs that stuff is quite tasty but I'd rather have options.
Anyway I'm digging where bitcoin is at it's like it's on sale and that means more spending power when it goes back up... still not a good investment choice though.
 
ironviking said:
Am I in the minority of people who buy bitcoin to spend on the web? I think as an investment there are many better options. Look at 5 years out or longer, that's what I've been doing for the last 20 years and no longer do I worry that I'll be stuck eating ramen noodles and hot dogs in retirement, nothing against ramen noodles and hot dogs that stuff is quite tasty but I'd rather have options.
Anyway I'm digging where bitcoin is at it's like it's on sale and that means more spending power when it goes back up... still not a good investment choice though.
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"better" is a hard one to define. I asked AI to work out ROI if a person did $50/week auto investment into bitcoin from 2017 to now. I bought my first full bitcoin thanksgiving of 2017 and sold it in Dec for double. since then I've only had a little btc here and there. I always wish I had grabbed $3k btc during crypto winter, but I instead have spent the years DCA'ing into XRP and FLR.

I have held along the way LTC, SOL, XDC and many others. I used to DCA like $50/week into Litecoin all year, and then sell at a profit every winter to pay for a vacation or help subsidize it.

But I have always been a firm believer that DCA is the way to go, small consistent purchases regardless of price would yield substantial ROI in the long run. here's an example:


1772123442678.webp


Now whether BTC is a best investment option just depends I think, on whether or not you believe it's a real thing that will continue to appreciate, a scam, immoral, or something else. If someone gave me $2 million cash today, I'd probably spend it on real estate somewhere like AZ and use the rental income to retire my wife or myself if possible. but even housing is expected to have a pull-back in values soon and counting on rentals to always be full without a house getting a leak or something is another stressor.
 
ironviking said:
Am I in the minority of people who buy bitcoin to spend on the web? I think as an investment there are many better options. Look at 5 years out or longer, that's what I've been doing for the last 20 years and no longer do I worry that I'll be stuck eating ramen noodles and hot dogs in retirement, nothing against ramen noodles and hot dogs that stuff is quite tasty but I'd rather have options.
Anyway I'm digging where bitcoin is at it's like it's on sale and that means more spending power when it goes back up... still not a good investment choice though.
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I dont, if I was to buy BTC only for swing trading lol

I am suprised how much my life moved onto digital payments though, rarely pay stuff in cash anymore.
 
Dustin07 said:
"better" is a hard one to define. I asked AI to work out ROI if a person did $50/week auto investment into bitcoin from 2017 to now. I bought my first full bitcoin thanksgiving of 2017 and sold it in Dec for double. since then I've only had a little btc here and there. I always wish I had grabbed $3k btc during crypto winter, but I instead have spent the years DCA'ing into XRP and FLR.

I have held along the way LTC, SOL, XDC and many others. I used to DCA like $50/week into Litecoin all year, and then sell at a profit every winter to pay for a vacation or help subsidize it.

Now whether BTC is a best investment option just depends I think, on whether or not you believe it's a real thing that will continue to appreciate, a scam, immoral, or something else. If someone gave me $2 million cash today, I'd probably spend it on real estate somewhere like AZ and use the rental income to retire my wife or myself if possible. but even housing is expected to have a pull-back in values soon and counting on rentals to always be full without a house getting a leak or something is another stressor.
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Speaking of AI that is probably a better long term investment.

I think your strategy using crypto for a yearly gain is one of the better strategies, it's not long term nor is it a get rich quick scheme. People tend to confuse past performance of BTC with future outcomes, I just don't see that happening. There were a lot of factors driving BTC that just don't exist anymore, the newness, the anonymity, silkroad and silkroad like sites, and it became an investment more than an exchange.

Admittedly, if I had started investing into BTC other than stocks I'd be stupid rich now but the risk was too high. When going long term look for stable history and continuing factors to drive growth, hence why AI is looking pretty good. A company using AI will be a lot stronger than a company not using AI.

Yea agreed on rentals, I have one now not really by choice but I couldn't sell my house in CO so I'm renting it. Lucky I found a good tenant but I'm barely breaking even.
 
ironviking said:
Speaking of AI that is probably a better long term investment.

I think your strategy using crypto for a yearly gain is one of the better strategies, it's not long term nor is it a get rich quick scheme. People tend to confuse past performance of BTC with future outcomes, I just don't see that happening. There were a lot of factors driving BTC that just don't exist anymore, the newness, the anonymity, silkroad and silkroad like sites, and it became an investment more than an exchange.

Admittedly, if I had started investing into BTC other than stocks I'd be stupid rich now but the risk was too high. When going long term look for stable history and continuing factors to drive growth, hence why AI is looking pretty good. A company using AI will be a lot stronger than a company not using AI.

Yea agreed on rentals, I have one now not really by choice but I couldn't sell my house in CO so I'm renting it. Lucky I found a good tenant but I'm barely breaking even.
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after the years I spent DCA'ing small amounts into crypto its at a place now where I couldn't really make a big dent in my stack anymore with prices being so much higher than they were when I got started (like $.12 XRP) so generally speaking I leave all my crypto alone in case of moonshot and funds just go into boring standard investments like 401k and non tax sheltered accounts for trad stocks etc. I am still going to stack some FLR with it below a penny, but I'm watching the housing market fairly closely. I am not a doom and gloomer who thinks we are in for a 2007 style crash, but I could see a scenario where a pullback in prices pushes lower rates and somewhere in the middle might be an opportunity for an investment.

The issue I have is most rents even though are very high, just don't keep up with mortgages. I was looking and an avg $325k house in phoenix would be $1980 if 20% was put down, and would rent at $2100 per month, subtract mangement fees and youre at break even if you're lucky.

I've had two rentals before that worked out swimmingly, I just don't see those opportunities very often.

1772126478417.webp
 
Dustin07 said:
The issue I have is most rents even though are very high, just don't keep up with mortgages. I was looking and an avg $325k house in phoenix would be $1980 if 20% was put down, and would rent at $2100 per month, subtract mangement fees and youre at break even if you're lucky.

I've had two rentals before that worked out swimmingly, I just don't see those opportunities very often.
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Only reason mine is working out ok is I have 3% mortgage rate. We'll probably never see those rates again. I could get more for my house but I needed a renter quick and I feel much better about having a house still in CO. In 7.5 years I'm moving back. :)
 
ax1 said:
I dont, if I was to buy BTC only for swing trading lol

I am suprised how much my life moved onto digital payments though, rarely pay stuff in cash anymore.
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I use a credit card for almost everything and I have a shielded account where all my autopays come from. Makes life so much easier.
 
ironviking said:
I use a credit card for almost everything and I have a shielded account where all my autopays come from. Makes life so much easier.
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You dont like to use the credit cards through Apple Pay or something similar?
 
ironviking said:
Only reason mine is working out ok is I have 3% mortgage rate. We'll probably never see those rates again. I could get more for my house but I needed a renter quick and I feel much better about having a house still in CO. In 7.5 years I'm moving back. :)
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yeah I got really lucky, like God-Thing type blessing with my last place. it was like 4.25% before rates really came down around 2016, but I bought it just before prices skyrocketed so I decided to sell it like that January as rates started to go up, I think the new buyer probably was already in around 3.75% or higher by the time he signed. I just got lucky on the sale. I often wonder if I should have kept it but I also am glad I don't have to deal with the management.
 
Im locked 4.75 for 30 year from 2018, didnt know Id look back and appreciate the rate so much.

Been paying off the back end though, still dont want to pay that much interest.
 
Welp…everything else I’ve tried is failing. Trenches extracting me, polymarket folio erasure, and my alts drying up 😂

Still DCAing in BTC (opposite belief from @ironviking), but going to play with leverage now also. 🫠
 
GreenMachineX said:
Welp…everything else I’ve tried is failing. Trenches extracting me, polymarket folio erasure, and my alts drying up 😂

Still DCAing in BTC (opposite belief from @ironviking), but going to play with leverage now also. 🫠
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I sold a small boat last night the guy paid me some in btc and some in venmo. I told my wife "the $1500 he sent us in btc is $1506 now. should I convert it and cash it out?" she's like, na let it ride.

its $1475 now lol
 
BTC could get as low as the high $30s

Could still have. potential recovery bounce but looking real weak.
 
GreenMachineX said:
Yep, I’ll short the whole way down lol
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Ive been mostly cash other than a few trades here and there playing it safe for 6 months.

I actually pulled a whopping 125-150% profit last year, I just about cleared out all my losses on my taxes from previous years lol

Ive learned ALOT of hard lessons ALOTTTTT

That being said Im down 4% this year, I. doubt I repeat last year but working on another green year I hope fingers crossed.
 
Actually I forgot I have another $20k-$25k plus losses Ive been holding from a stock from a couple years ago for tax loss harvesting in the future.

I made decisions that made good profitable trades turn into trainwrecks.
 
ax1 said:
Dr. Profit below predicted the entire dump way back, got alot of heat from bull gremlins

Here is his last special post from Sunday, its an interesting read on psychology too.

https://twitter.com/x/status/2025494304878104773
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I don't disagree with him, to me this is a strong reason why I think DCA is always the smartest approach. DCA can be a psychological challenge to get into when a person thinks markets are bad. But its a great insurance policy and its crazy how psychologically people are more inclined to leverage their house in a bull market to buy the top. I mean, we are all guilty of it, I'm not calling anyone out lol
 
GreenMachineX said:
Military strikes never happen during normal daylight hours…that’s the point.
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I think most people are in conclusion the start of these strikes happen on weekends so there isnt as bad of a market reaction in live time. Im not saying there wont be a bad market day on Monday but there is time to absorb the information.
 
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ax1 said:
I think most people are in conclusion the start of these strikes happen on weekends so there isnt as bad of a market reaction in live time. Im not saying there wont be a bad market day on Monday but there is time to absorb the information.
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Tactical advantage makes far more sense.
 
Stock market community common knowledge been anticipating weekend strikes for a while..

For example, check 1 hour and 18 minutes of this video from hours before the strikes we all knew if were to happen it would be start on weekends. Its a brief mention but commonly talked about as of late....but also, good (and more importantly) watch at that point on how to trade around these events.

 
GreenMachineX said:
More people work Monday through Friday right? And during the day?
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You saw how BTC got blasted the instant war news came out late last night right? They don’t want that happen while the Nasdaq, Dow, etc….are live trading and potentially causing hard irreparable market panic.
 
ax1 said:
Stock market community common knowledge been anticipating weekend strikes for a while..

For example, check 1 hour and 18 minutes of this video from hours before the strikes we all knew if were to happen it would be start on weekends. Its a brief mention but commonly talked about as of late....but also, good (and more importantly) watch at that point on how to trade around these events.

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ax1 said:
The stock market runs monday through friday 9:30 to 4pm

The military is on duty 24/7
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Dude, I was in the military. SOME people are on duty 24/7, most aren’t. This is basic military strategy. Not everything is a huge conspiracy.
 
ax1 said:
You saw how BTC got blasted the instant war news came out late last night right? They don’t want that happen while the Nasdaq, Dow, etc….are live trading and potentially causing hard irreparable market panic.
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Instead, there will be headlines of “war! Panic! Incoming dump!” and it dumps anyway.
 
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