crypto currency

[QuarterMillionMan]

Another good promo at Coinbase, make any crypto trade and be entered to win one $50K USDC or 200 Solana winners (each Solana is worth $173).

[QuarterMillionMan]

With the 3 new laws being passed for cryptos I expect a golden age for cryptos now. For those who think they are late to the game, I think you have not seen the all time highs (ATH) yet. I expect cryptos to rocket in the near future.

[QuarterMillionMan]

Curious who here still thinks cryptos are a scam or tulip? I'm convinced good quality cryptos (bitcoin, XRP, Quant, etc) and not meme coins which are trash (ie, Shiba inu, Doge coin, Trump coin, yo-yo coin, etc) will replace the current financial system which is a scam and ponzi scheme. Every downturn in cryptos I stack more and more. During these downturns I buy $100 - $500 daily or more.

Edited to add in the trash pile i added Trump coin, yes it is trash just as much as Shiba inu or some yo-yo coin, IMHO.

[disneysteve]

Curious who here still thinks cryptos are a scam or tulip?

I've never thought they were a scam. I do not think they are an investment vehicle. I think they are a speculative purchase. I believe they are here to stay and their value will continue to be volatile for the foreseeable future. Until there is a safe, secure, tightly regulated market for them, I don't see crypto becoming a mainstream item. People aren't going to entrust their hard earned money to a bunch of computer code that can't be held in their hands and could be wiped out if they lose the "key". For them to become mainstream there also needs to be widespread acceptance by retailers and merchants with a simple interface for payment, comparable to handing someone a $20 bill or tapping a credit card. There needs to be insurance, like FDIC, and/or consumer protection built in, like credit cards.

[QuarterMillionMan]

A picture is a 1000 words.

[QuarterMillionMan]

Still stacking even at $117,500 per bitcoin.

[LivingAlmostLarge]

QMM how much do you have?

[QuarterMillionMan]

$200,000 but not all bitcoin. I have 1.5 bitcoin, and growing.

[disneysteve]

$200,000 but not all bitcoin. I have 1.5 bitcoin, and growing.

I'm sure I've asked this before but what percentage of your portfolio is held in crypto and what's the allocation of the rest?

[QuarterMillionMan]

20% cryptos, 15% precious metals, 20% cash, remaining in 457 large cap funds. Total $1 million.

[QuarterMillionMan]

If I retire today at 59 yrs old my pension would be $2600/month and with 22 yrs of service I’d pay 6% of $1000/month medical insurance. With 25 yrs 100% would be covered.

edit 12% (not 6%) for medical insurance.

[LivingAlmostLarge]

Crypto i still don't get what's it's based on and it's hard to own it because of it

[QuarterMillionMan]

Bitstamp which was taken over by Robinhood notified me that Bitstamp will no longer be supported and to sell, withdraw, or transfer my assets from Bitstamp to Robinhood which is what I was hoping would happen. Consolidated 2 accounts into 1 account. Only had $1000 worth of XRP in Bitstamp which is now in Robinhood. In addition, when I had the $1000 of XRP in Bitstamp, it would not allow me to transfer it to let's say Ledger, Trezor, or Arculus. Robinhood allows transfers to Ledger, Trezor, or Arculus. I'm glad Robinhood took over Bitstamp.

[james.hendrickson]

Bitstamp which was taken over by Robinhood notified me that Bitstamp will no longer be supported and to sell, withdraw, or transfer my assets from Bitstamp to Robinhood which is what I was hoping would happen. Consolidated 2 accounts into 1 account. Only had $1000 worth of XRP in Bitstamp which is now in Robinhood. In addition, when I had the $1000 of XRP in Bitstamp, it would not allow me to transfer it to let's say Ledger, Trezor, or Arculus. Robinhood allows transfers to Ledger, Trezor, or Arculus. I'm glad Robinhood took over Bitstamp.

QMM - did you ever think about getting into some of these ETFs that provide weekly income? I think there are some good ones that give you crypto exposure AND current income.

https://stockanalysis.com/list/weekly-dividend-etfs/

[disneysteve]

QMM - did you ever think about getting into some of these ETFs that provide weekly income?

What does this have to do with the thread topic of crypto. These are largely income funds. Bonds, Treasury bills, etc. Someone investing in crypto is not likely to be interested in funds designed to pay weekly income.