OT any of you investing in Cryptocurrencies?

Stannis · Post #1521 » by **Stannis** » Mon Feb 8, 2021 1:24 am

Grinditout wrote:Anybody else using BTC as basically a savings account? At least until 90k or so, pretty safe bet

That's what I'm doing.

Not buying gold. Not holding much cash.

And trying to put a couple hundred in BTC a week at least.

br7knicks · Post #1522 » by **br7knicks** » Mon Feb 8, 2021 1:28 am

have 5,000 shares of doge. that **** better keep rising

Grinditout · Post #1523 » by **Grinditout** » Mon Feb 8, 2021 1:39 am

br7knicks wrote:have 5,000 shares of doge. that **** better keep rising

Get a quick profit and exit fast. You know about how much supply there is right?

Grinditout · Post #1524 » by **Grinditout** » Mon Feb 8, 2021 1:42 am

Stannis wrote:
Grinditout wrote:Anybody else using BTC as basically a savings account? At least until 90k or so, pretty safe bet

That's what I'm doing.

Not buying gold. Not holding much cash.

And trying to put a couple hundred in BTC a week at least.

Yeah, when the news released of several major institutions allocating their portfolio into it, that was pretty much the green light that BTC had strong support. Much different from what happened in 2017/18.

Spree2Houston · Post #1525 » by **Spree2Houston** » Mon Feb 8, 2021 1:56 am

What do you guys think ok TAAs? I’m new to crypto

br7knicks · Post #1526 » by **br7knicks** » Mon Feb 8, 2021 3:08 am

Grinditout wrote:
br7knicks wrote:have 5,000 shares of doge. that **** better keep rising

Get a quick profit and exit fast. You know about how much supply there is right?

Unlimited I believe, right? Because it's just a joke.

I'm holding in case they actually do bump it up to 1 dollar like their goal was.

At the end of the day it cost me 230 for all those shares.

Grinditout · Post #1527 » by **Grinditout** » Mon Feb 8, 2021 3:14 am

Spree2Houston wrote:What do you guys think ok TAAs? I’m new to crypto

Unfamiliar with it. Limited supply but development ended and I'm wary of any crypto that hasn't or will not receive any future updates.

ZKnicks · Post #1528 » by **ZKnicks** » Mon Feb 8, 2021 5:26 am

Im Coming Home wrote:My long hodl in ADA(Cardano) is finally paying off.

I also almost doubled my money in TEL coin already(granted only put $30~ in) so thanks for that earlier suggestion

You got it. I’ve been holding Tel since January 2018 which was the ATH and I’ve been DCAing ever since.
It’s up 1000% ytd and it really is just getting started. Keep holding, trust me.

Grinditout · Post #1529 » by **Grinditout** » Mon Feb 8, 2021 2:11 pm

TESLA putting 1.5 billion in BTC. Major news, would expect some more big dominoes to follow, possibly even retail FOMOing.

Stannis · Post #1530 » by **Stannis** » Mon Feb 8, 2021 3:31 pm

Grinditout wrote:TESLA putting 1.5 billion in BTC. Major news, would expect some more big dominoes to follow, possibly even retail FOMOing.

Who else will follow you think?

Do we see Microsoft, Apple, Facebook, Google, Amazon following this?

Grinditout · Post #1531 » by **Grinditout** » Mon Feb 8, 2021 6:01 pm

Stannis wrote:
Grinditout wrote:TESLA putting 1.5 billion in BTC. Major news, would expect some more big dominoes to follow, possibly even retail FOMOing.

Who else will follow you think?

Do we see Microsoft, Apple, Facebook, Google, Amazon following this?

At this point I'd expect all of them to at least invest 1% of their capital into bitcoin sooner than later

Garbagelo · Post #1532 » by **Garbagelo** » Mon Feb 8, 2021 8:43 pm

Stannis wrote:
Grinditout wrote:TESLA putting 1.5 billion in BTC. Major news, would expect some more big dominoes to follow, possibly even retail FOMOing.

Who else will follow you think?

Do we see Microsoft, Apple, Facebook, Google, Amazon following this?

There is no question. They all will.

Im Coming Home · Post #1533 » by **Im Coming Home** » Mon Feb 8, 2021 8:49 pm

ZKnicks wrote:
Im Coming Home wrote:My long hodl in ADA(Cardano) is finally paying off.

I also almost doubled my money in TEL coin already(granted only put $30~ in) so thanks for that earlier suggestion

You got it. I’ve been holding Tel since January 2018 which was the ATH and I’ve been DCAing ever since.
It’s up 1000% ytd and it really is just getting started. Keep holding, trust me.

Going up again today like crazy. Any chance it his a $1 someday? :lol:

Should I double down on my investment now or do you think it'll have a drop again and buy the dip?

robillionaire · Post #1534 » by **robillionaire** » Mon Feb 8, 2021 8:54 pm

Allow me to be contrarian and guess we are in yet another mania bubble and it’s going to go down 75% soon and wreck a bunch of people. I got a nice new car with my gains through. Good luck to all

Im Coming Home · Post #1535 » by **Im Coming Home** » Mon Feb 8, 2021 9:05 pm

robillionaire wrote:Allow me to be contrarian and guess we are in yet another mania bubble and it’s going to go down 75% soon and wreck a bunch of people. I got a nice new car with my gains through. Good luck to all

I'm forever long holding(20 years maybe) , waiting for it to become a legit thing thats 100% normalized like the stock market. By then all my long holds should be worth a lot more.

Wishful thinking though i guess. :lol:

Stannis · Post #1536 » by **Stannis** » Mon Feb 8, 2021 9:19 pm

robillionaire wrote:Allow me to be contrarian and guess we are in yet another mania bubble and it’s going to go down 75% soon and wreck a bunch of people. I got a nice new car with my gains through. Good luck to all

What makes you think that?

It's possible. But I'm not so sure. Funds are starting to add GBTC. And if big corporations like Tesla start to rally behind it, it could keep going. I felt the last mania was driven mostly by retail traders/investors.

Not gonna lie, I'm still scared. I don't mess with alt coins other than DOT. So the other 90% is in Etherum and Bitcoin.

EDIT: I can definitely see people get burned by DOGE. They think it's as easy as buying low and selling high. I know people who have never traded starting to buy DOGE.

Garbagelo · Post #1537 » by **Garbagelo** » Mon Feb 8, 2021 9:45 pm

robillionaire wrote:Allow me to be contrarian and guess we are in yet another mania bubble and it’s going to go down 75% soon and wreck a bunch of people. I got a nice new car with my gains through. Good luck to all

lol I am ready for this

sitting on more cash than in 2018 this time

robillionaire · Post #1538 » by **robillionaire** » Mon Feb 8, 2021 11:43 pm

Stannis wrote:
robillionaire wrote:Allow me to be contrarian and guess we are in yet another mania bubble and it’s going to go down 75% soon and wreck a bunch of people. I got a nice new car with my gains through. Good luck to all

What makes you think that?

It's possible. But I'm not so sure. Funds are starting to add GBTC. And if big corporations like Tesla start to rally behind it, it could keep going. I felt the last mania was driven mostly by retail traders/investors.

Not gonna lie, I'm still scared. I don't mess with alt coins other than DOT. So the other 90% is in Etherum and Bitcoin.

EDIT: I can definitely see people get burned by DOGE. They think it's as easy as buying low and selling high. I know people who have never traded starting to buy DOGE.

Why do I think that? I guess just look at the 12 year history of btc and look at the prior cycles and how much the corrections were after reaching new all time highs, and look at the anatomy of market cycles in general. Better yet just read this thread from the beginning and notice the similarity of the mood now compared to the mood for the pst couple years when smart money was accumulating and remember that one day they might cash out...

People are pumping memecoins like doge 1000%. Celebrities are tweeting about it. This post is glued to the top of the forum. Remember Katy Perry crypto claws?

It might run on up to 100k or so but I am very confident the -75% will eventually hit. Probably not now because I’m predicting it but when everyone is really really comfortable. But what do I know. :lol:

I still believe in many of the major projects and would buy the dip if it happened..

I was DCA with btc down to 3400 and got 96 ETH (3 nodes) in the double digit range, I prefer to buy when everybody is depressed lol

HarthorneWingo · Post #1539 » by **HarthorneWingo** » Tue Feb 9, 2021 12:02 am

Tales From The Cryptocurrency

ZKnicks · Post #1540 » by **ZKnicks** » Tue Feb 9, 2021 4:58 am

Im Coming Home wrote:
ZKnicks wrote:
Im Coming Home wrote:My long hodl in ADA(Cardano) is finally paying off.

I also almost doubled my money in TEL coin already(granted only put $30~ in) so thanks for that earlier suggestion

You got it. I’ve been holding Tel since January 2018 which was the ATH and I’ve been DCAing ever since.
It’s up 1000% ytd and it really is just getting started. Keep holding, trust me.

Going up again today like crazy. Any chance it his a $1 someday?

Should I double down on my investment now or do you think it'll have a drop again and buy the dip?

Everything would have to break right for it to ever hit $1. The scope of what they are doing would allow them to get there but you just never know. I think $.10 is a realistic target which is just insane to think about.
They just launched their first remittance corridor. They have many more lined up and could have hundreds of million of potential users this year.
DYOR and you can come to your own conclusion.
I told my best friend to buy for 3 years. In May he bought a million TEL for $250 (partially to shut me up). That is now worth over $4K. He’s been saying he would buy the dip at 1k/mil, then 1500/mil then 2k, 3k and evening now at 4K/mil. It just hasn’t dipped in this run. You just never know...