I think I’m in love with Monero after reading more into it. It needs to overcome some usability issues, but its longterm application makes a ton of sense to me. user15000 what keeps you away? Just the idea that BTC is so much stronger right now?
I think privacy coins in general are super interesting but people already think bitcoin is a "terrorist coin" wait until they find out about a coin that is exclusively used for nefarious purposes. I also think there is a big difference from a regulatory perspective. BTC is completely transparent on a blockchain with all transactions public. Monero not so much.
I recognize its utility, but from a regulatory standpoint, it has massive risk. And zero public companies, family offices, or related entities will be buying a privacy coin like monero.
Bitcoin just passed it's all time high, hold on to your butts fellas, February is going to be a wild ride.
Other than the risk that it never goes down, is there any reason not to convert some BTC into a stable coin like DAI when the price is high then buy back in on the dip?
Elon told everyone to buy doge and then Tesla bought 1.5 bil of bitcoin. The ultimate troll, I think I love him.
There has been some big purchases of Doge over the past 7 days, but no true confirmation it is Elon. More than likely it is Elon though.
Good luck determining when the price is "high" and buying a "dip." And also selling is a taxable event.
I don't know all the details and you definitely shouldn't listen to me, but it's my understanding that BTC is treated as a security, so selling it is a taxable event just like selling a stock. And 1031 exchanges only apply to real property.
trading the grayscale funds within your roth dodges the taxable event (like all within roth trades) yeah I would not be buying/selling aggressively if I was taking tax hits each time
Good to know. I really had no idea. Think i'd seen it mentioned before but wasn't sure if it was good or bad.
ehh i think the quality varies and they are super into the whole doomsday event where all financial markets collapse. i read articles here and there because they provide a different perspective, but I wouldn't rely on them as the gospel by any means.
I don’t care to vouch for zerohedge, but the article is discussing an RBC report on what Apple could/should do with respect to btc. So it’s a perfectly fine article. Same topic here
Nights like these I envy Wendel Clark. Mostly because he probably doesn’t even know what btc is doing right now.
I saw on twitter while looking at penny stocks it was having a big day. Just looked at the price just now while taking a shit
Wonder if it has changed. I feel like I was looking there on occasion several years back and it seemed legit.
Yeah reading the link that Wes posted it seems like it has gone from a thoughtful contrarian view of several years back to a crazy conspiracy site. Too bad.
For anyone who would like a debate between 2 macro investors on eth as an investable asset: https://podcasts.apple.com/us/podcast/unchained/id1123922160?i=1000508318096
Can someone check on huskguy to make sure he’s doing ok? I’m sure Dalio writing that note was painful, but Tesla might have ended him. Also any bets on the next public company to disclose? Max Keiser thinks it’s Oracle.