crypto currency

[james.hendrickson]

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.

Some of them are based on the performance of the crypto markets.

[ua_guy]

Last 6 months of performance. Dow versus bitcoin. I found it interesting, anyway...

[disneysteve]

Last 6 months of performance. Dow versus bitcoin. I found it interesting, anyway...

That is interesting, but I would also point out that it is comparing apples and oranges. Stocks are an investment. Crypto is not. They don't set out to accomplish the same thing. They aren't interchangeable in one's portfolio. It isn't a question of buying stock or buying crypto. They are two totally different and unrelated things. No different than gold or silver. Those aren't investment vehicles either.

I have no problem with people who want to buy crypto or precious metals as long as they understand what they are doing and ideally also build a solid investment portfolio apart from that so that they are preparing for the future.

[QuarterMillionMan]

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/

I have about $30,000 in the ETF's such as IBIT & XRPI, but the majority of my holdings are in the real cryptos (not ETFs'). When fiats worldwide become worthless, the real world assets (RWA) of cryptos will be what I want to own. Including gold & silver. You are on to something James, but I focus on RWAs', not fiats. Ever since Richard Nixon in 1971 removed the gold standard, this experiment with fiat currencies will fail.

[disneysteve]

Ever since Richard Nixon in 1971 removed the gold standard, this experiment with fiat currencies will fail.

Yep. People have been predicting that for 54 years now. It hasn't happened yet and anybody who stayed out of the markets all of that time waiting for the collapse of society has missed out on unimaginable gains. Another 54 years from now I'm sure there will still be people predicting that it will happen "any day now".

[QuarterMillionMan]

You all can keep HODL'ing your dollars, Euros, Yen, Pesos, Canadian dollars, etc. I'm HODL'ing gold/silver & cryptos. People in Zimbabwe know what I am talking about with their $1 trillion Zimbabwe money = $1, ouch.

[ua_guy]

That is interesting, but I would also point out that it is comparing apples and oranges. Stocks are an investment. Crypto is not. They don't set out to accomplish the same thing. They aren't interchangeable in one's portfolio. It isn't a question of buying stock or buying crypto. They are two totally different and unrelated things. No different than gold or silver. Those aren't investment vehicles either.

I have no problem with people who want to buy crypto or precious metals as long as they understand what they are doing and ideally also build a solid investment portfolio apart from that so that they are preparing for the future.

I agree. But that is not the populist wind in this thread - many here view them as investments. I will not put my retirement funds into funds containing crypto.

I also agree with regards to Fiat currencies. This is the way, and if things collapse, gold will not be useful, nor will crypto.

[QuarterMillionMan]

Bitcoin dropped today from $89,000 to $84,000, another good buying opportunity. A few weeks ago in my bitcoin Roth IRA, I bought the max 2026 contribution of $8600 when the price was $91,000. No biggie, I'll keep buying.

[james.hendrickson]

Bitcoin dropped today from $89,000 to $84,000, another good buying opportunity. A few weeks ago in my bitcoin Roth IRA, I bought the max 2026 contribution of $8600 when the price was $91,000. No biggie, I'll keep buying.

QMM - isn't a lot of crypto inherently worthless? I mean unless a currency has universal adoption, its basically just a digital entry with little to no inherent value, right?

[QuarterMillionMan]

95% of cyptos IMHO are indeed worthless as you say James. I stick to the ISO 20022 compliant cryptos which will have real world utility but the main one is XRP for me, and bitcoin. All other cryptos to me are worthless such as dodge, pepe, shiba inu, etc.

[QuarterMillionMan]

Today I bought $550 worth of BTC @ $78,000 with the recent drop. Will buy more should it drop more.