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  • james.hendrickson
    replied
    Originally posted by QuarterMillionMan View Post
    James, CNBC said Amazon may look to accept BTC, hence the pop.
    QMM - I'd seen that headline, but for some reason didn't connect the dots, thank you.

    Leave a comment:


  • QuarterMillionMan
    replied
    James, CNBC said Amazon may look to accept BTC, hence the pop.

    Leave a comment:


  • james.hendrickson
    replied
    I just did, its: $38162.68

    Leave a comment:


  • QuarterMillionMan
    replied
    Check the price of BTC today.

    Leave a comment:


  • btctony
    replied
    Originally posted by LivingAlmostLarge View Post

    I have friends who need to power up their old phones because they have bit coin on some phone or computer. They have no idea where but they need to start digging.
    They should have a 12 or 24 word seed phrase that was generated when the software wallets were created on phone or computer, providing that it's not a custodial wallet. If they kept it, the devices themselves are not necessary. The wallets can be restored to another device.

    Leave a comment:


  • LivingAlmostLarge
    replied
    Originally posted by QuarterMillionMan View Post
    I currently have 1/2 a bitcoin, about $10,000 worth. Bought it in the $8000 - $10,000 range (purchased in small increments such as $1000, $2000, etc).
    This is amazing. Are you using cash app? Maybe I should start dipping into cash app to buy them versus something else more traditional. But if I ever lose cash app I'll scream. I have friends who need to power up their old phones because they have bit coin on some phone or computer. They have no idea where but they need to start digging.

    Leave a comment:


  • VirginiaBlack
    replied
    Hello. I'm sure that's a good idea. Because everything goes to the fact that the main currency will be the crypt. I have a good fortune and I'm thinking about where to invest the money. And recently I decided that I will invest in bitcoin or some other cryptocurrency. But the most important thing is to invest money wisely. I found this article Bitlocity Review and learned a lot of new and useful things about how to invest in cryptocurrency, how it grows in price, how it falls. You can even watch a video where they talk about driving patterns. I invested my first amount half a year ago and have already earned 5 thousand dollars from this.
    Last edited by VirginiaBlack; 03-21-2021, 07:25 AM.

    Leave a comment:


  • btctony
    replied
    Yeah, you're doing it the right way. I wouldn't bet the farm on anything and I have other longer term investments outside of the crypto space. I have taken out what I put into it back in 2017 when I bought all of that mining hardware. At current value, I'm left with enough to pay the remainder of my mortgage off, and pay the long term capital gains tax that I would owe. I'm going to wait out the rest of this year before I sell any more of it though. It has taken me nearly four years to get to this point. I no longer have fears that it will be banned, go to zero, ect. I've heard about every argument against Bitcoin known to man, but when you understand the underlying protocol that the asset exists on, those arguments are invalidated. There is a learning curve for sure, even for someone in my shoes who has spent nearly twenty years in the information technology industry. It has been very much worth spending months of my evenings back in this past bear market to understand what it is and why it is important.

    Even though I feel the level of comfort that I do, it still really is a speculative asset. Dollar cost averaging or buying dips in price with a small percentage of your total investment portfolio is the way to go for anyone wanting a little exposure. Some go into it thinking they will double their money overnight, and then get disappointed when they get caught in a bear cycle. It isn't a casino. If you're going to go into it, go in with a 3-5 year time horizon.

    Leave a comment:


  • QuarterMillionMan
    replied
    Every time it dips I buy more. For instance when it was $45k and dropped to $35K, I bought $500. Then $35k to $33K, I bought another $600. Then $33k to $31K, I bought another $500. Today it's about $37K which I'll eat popcorn and sit on the sidelines for now but should it drop let's say $5, I'll buy more. I won't bet the farm on it but glad I dipped my toes into it. My unrealized gain is about $15k profit thus far. If I sold at $45k, I could have profited $20k but coulda, shoulda, woulda.

    Leave a comment:


  • btctony
    replied
    I love reading some of the older bitcoin posts around here. Lol. I started mining alts and buying btc in 2017. Everyone who bought the top got a bad taste in their mouth during this past multi year bear cycle, but it wasn't like the exact same cycle had not occurred at another time in the past. It was funny that people didn't consider that or wrote it off as nothing. And at this point in it's current bull cycle, the fundamentals couldn't be better. A lot of people should have used those few years between 2018 and the summer of 2020 to actually learn how Bitcoin works from a technical perspective. I believe that more would understand the value to the us dollar if they took the time to comprehend it's qualities, properties, and inner-workings. Humanity is getting a refresher course on the meaning of scarcity right now.

    All of that said, many still consider it to be a speculative asset. No doubt that extreme drops to us dollar value have happened in the past and will probably happen again in the future. I however, have not considered it a speculative asset for several years.

    Coinbase or CashApp is the way to go. Robinhood and Paypal won't let you withdraw your btc to a wallet that you hold the private keys to, so you don't even have the option of owning the btc on chain. Those who have been around for awhile know why this is important. Not your keys, not your crypto.

    Leave a comment:


  • QuarterMillionMan
    replied
    My BTC is holding is .4291117528, I wish I had bought more.

    Coinbase account.
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    Cash app account.

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    I had a Robinhood account but cancelled it. Robinhood only allows buy/sell. Coinbase & Cash app allows send/receive, big difference.
    Last edited by QuarterMillionMan; 12-27-2020, 10:18 AM.

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  • amarowsky
    replied
    Worth mentioning.... I just checked today and BTC is up to $27,000 / 1 bitcoin. Pretty freggin crazy number....

    Greed, FOMO, & volatility are probably the best (3) terms to explain the most recent meteoric rise of BTC. At these prices, I'm a bit nervous even to experiment with BTC. Wonder what will happen from the Ripple vs SEC lawsuit. I heard all the crypto's were down except for Bitcoin, upon the large lawsuit news.

    Anyway you paint it, crypto currencies are interesting. I'll be honest.... I have no idea how these will inevitably shake out. I just hope it doesn't result in a HUGE portion of the investors, left, holding the bag while a few behemoths pump & dump and get out of dodge.

    Leave a comment:


  • QuarterMillionMan
    replied
    It's about time the IRS will Click image for larger version

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  • QuarterMillionMan
    replied
    I currently have 1/2 a bitcoin, about $10,000 worth. Bought it in the $8000 - $10,000 range (purchased in small increments such as $1000, $2000, etc).

    Leave a comment:


  • Financial Independance
    replied
    Originally posted by Tabs View Post
    Speculative fever died down, #HODLGANG held at $6000 for a while, but now, even that support has collapsed, with BTC at $3,656 at the time of this writing. HODL and those who bought back in thinking there is fundamental support got severely burned.

    And this is coming from a guy that firmly believes that cryptocurrency technology will become a part of fiat some day. Some day out there, just not the way things currently look.
    You should have bought some BTC when it was at $3,656, it's almost at $20,000 now...

    Leave a comment:

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