Reading comprehension still not your strong suit. This time isn't different, I wouldn't hold anything through a draw down (other than suicide stack) because everything is going to retrace significantly including btc and eth. Everyone's ongoing argument is that arbitrarily picking btc past timeframes and using that to say you should never invest in anything else is just myopic and not a great predictor of future performance. You keep pointing to 2017 vaporware as your justification, blind to the fact there's real companies now generating revenue for holders that will do very well in the next 5 years. You are so dense it hurts. I'm done
Nah. Not blind to anything, just could give two shits about companies generating revenue for holders when I don’t need anything more complicated than btc to store my wealth. Companies generating revenue in crypto comes with the same general risks and upside as it would in any other industry. I don’t feel like funding tech start ups, and I don’t feel like funding crypto ones. If I ever do, maybe I’ll give you a call.
Idk who needs to hear this but xrp and Charles coin are a lot different than working defi products with actual use cases. Bulls still on parade.
this is the equivalence of not having a risk management strategy. You should spend less time berating people that don’t buy btc and diversify a smidge
Lol. Poor decisions are zero or low btc exposure. Check out strategy.com and get back to me on what the best risk adjusted return asset is. I’m also young with a high paying job and can afford to take the “risk” that btc doesn’t work out. Although at this point, i think it’s riskier not to own it.
Btc is the least risky place for my money. You may disagree with that, but it’s my investment perspective. I own a handful of rental properties too, so there’s my diversification. Although I regret not selling them to buy more btc.
Good synopsis on what to actually look for when you’re deciding to get into an Alt. “Screen coin for fundamentals and execute trades on ta”
I’m aware, just thinking about other risks to the company that could cause it to tank. Lotta money tied up in one company and one executive. You do you though
Profitable company that owns a ton of btc, keeps buying more, and has more of a pro-btc strategy than any public company. I’d love an ETF, but that’s unfortunately not an option at the moment. So I’ll settle for this.
The only spam is your shitposting. I post Mstr stuff because it’s crypto news when public companies buy millions of btc or decide to pay board members in btc.
I wish I could afford to do like user15000 but I don’t have properties to fall back on in a pinch. Sounds crazy but I agree with him that btc is probably the best place to put money right now because every day it’s risk is minimized and there is still 10x + potential. With 2x a near certainty on any timeline greater than ~24 months
Missed this on the last page. It obviously didn’t start as 90+% or whatever I’m at now, but when something is a large part of a portfolio and goes up the % btc has, then its pretty easy to get to 90+%. Most will disagree with this, but I’m a very risk averse person. If btc didn’t exist, I would put all my money into some S&P or nasdaq index fund and never touch it. Btc is just a savings account for me. It’s safer than holding dollars, or Tesla stock, or bonds, or gold, or anything else. There are trillions of dollars in stocks, real estate, art, gold, bonds, etc. that are just looking for a place to store value. I think btc eats into all of them.
10x is basically $10T or the equivalent of gold’s market cap. If we’re just talking potential, btc could get to a $100T+ market cap.
I said 10x+ because I don’t want people to think I’m off the reservation but yeah I see it being higher than that
I know this is said in jest, but it’s just the math on the store of value market cap. A few articles and a podcast if you’d like to look at it. Don’t have to assume 100% capture to get to $100T https://www.swanbitcoin.com/am-i-too-late-for-bitcoin/ https://relai.ch/restore-relai-bitcoin-wallet-2/
Anyone own a cryptopunk? I want one bad. It seems to be maybe the most legit version of current NFTs as it was one of the first projects on the Ethereum blockchain. I'd kop one of the cheaper ones now if I had more conviction number go up.
Current Lowest Price Punk Available 20.25 ETH ($46,214.35 USD) Looks like the highest ones have sold in the $7 million range.
Beanie babies sold for a lot during the initial release/hype I would be curious to see what kind of reporting is available for the crytopunk or NBA top shot likes after the initial sale. Seems most of the money on top shot is the initial transaction or buy/sell. Seems like the value is in the first ownership and the resell value is nonexistent after first purchase, like a used car but worse. hello baseball cards of the late 80s/early 90s
I only brought up that IG post because its a pretty obnoxious exaggeration of something that is definitely happening. It also happens in the traditional art world. I have friends who have done great selling their art as NFTs. I also definitely believe the idea of a nonfungible tokens, like bitcoin, is toothpaste already out of the tube, its not going back. What I think is crazy is when I see or hear no name artists acting like all they have to do is mint a piece and the millions will roll in. Big name artists are who are doing the best NFT art business. This includes no name artists who invested in the NFT community early and are now known. Its like being one of the first impressionists or surrealists in a way. I think topshot will last. Tech innovations need to be exponentially better than what they are replacing, not incremental. I think a moment on top shot is exponentially better than a cardboard card because of a two things, its indisputably authentic and its easier to transfer. I think the topshot market is actually loco right now though, the fact that the shittiest of shit moments sell for at least $5 is unsustainable and has more to do with the fact moments are currently a key to accessing more moments and not because they are valuable on their own. But that market is maturing, fun to watch and see how it plays out. CC; Topshot/NFT thread.
I can't lie, getting into top shot led me into the NFT/crypto lane, and now I'm trying to figure out how it works lol. This all fascinates me and I believe it's the direction of the future with everything seemingly moving digital.
Who is this? The world may never know: https://www.larvalabs.com/cryptopunks/accountinfo?account=0xc352b534e8b987e036a93539fd6897f53488e56a
Polkamon has big crossover potential. They just need get their tech up to speed to handle demand and get off the Ethereum so their product is more accessible/practical. NFTs like this and Top Shot that appeal to people outside the crypto world seem like the best chance at sustainability.
Even a garbage NFT helps this thread. It only brings more awareness and buying power to crypto I think long term NFTs end up translating to sport, concerts, and airline tickets, digital albums,etc, imagine Taylor Swift selling an experience as an NFT. It includes backstage passes, front row tickets and a personalized message to the buyer for the low low price of $XXX Ticketmaster has been trying so hard to bypass fraud with QR coding that’s instantly fixed with crypto and NFTs
Any type of ticket should’ve happened yesterday. Build something into it where if you resell you have to pay a fee or percentage back to the team. Would help a little with the secondary market as well.
If you’re buying on coinbase or cash app they create a wallet and store it for you. Start there if you really have to buy some soon. Will atleast give you some time to look into stuff a little more.
I think the beauty of it is you cut guys like Ticketmaster out of it completely and the team or league would get the money. They’re very much incentivized to do it.