MisterGoomba | 132 Posted February 9, 2021 Share Posted February 9, 2021 https://www.youtube.com/watch?v=eektIbrDkGk Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 11, 2021 Share Posted February 11, 2021 Alright dudes, I bought in $500 of each of the PayPal currencies. Bitcoin, Bitcoin Cash, Ethereum, and Lite Coin. I was actually trying to buy some stuff on Coinbase, but there verification is broke and I can't get permission to use my account. Once that resolves, I'll buy some more obscure shit. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 11, 2021 Share Posted February 11, 2021 6 hours ago, DoctorEncore said: Alright dudes, I bought in $500 of each of the PayPal currencies. Bitcoin, Bitcoin Cash, Ethereum, and Lite Coin. I was actually trying to buy some stuff on Coinbase, but there verification is broke and I can't get permission to use my account. Once that resolves, I'll buy some more obscure shit. I had some Ethereum back when it was $595 each, but I ended up selling it and adding the money to my bitcoin stash. I think Tesla buying bitcoin was just the start. If more corporations start adding bitcoin to their balance sheets in the billions of dollars, I wouldn't be surprised if it hits $50k soon and $100k by the end of the year. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 11, 2021 Share Posted February 11, 2021 1 hour ago, Bearcat-Doug said: I had some Ethereum back when it was $595 each, but I ended up selling it and adding the money to my bitcoin stash. I think Tesla buying bitcoin was just the start. If more corporations start adding bitcoin to their balance sheets in the billions of dollars, I wouldn't be surprised if it hits $50k soon and $100k by the end of the year. I'm up $119 overnight and I've decided to quit my day job. Just call me the crypto king. 2 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 11, 2021 Share Posted February 11, 2021 42 minutes ago, DoctorEncore said: I'm up $119 overnight and I've decided to quit my day job. Just call me the crypto king. Consider it done! 2 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 11, 2021 Share Posted February 11, 2021 11 hours ago, DoctorEncore said: Alright dudes, I bought in $500 of each of the PayPal currencies. Bitcoin, Bitcoin Cash, Ethereum, and Lite Coin. I was actually trying to buy some stuff on Coinbase, but there verification is broke and I can't get permission to use my account. Once that resolves, I'll buy some more obscure shit. I bought some more Bitcoin this morning too since I didn't have enough. Link to comment Share on other sites More sharing options...
MisterGoomba | 132 Posted February 11, 2021 Share Posted February 11, 2021 I bought close to $800 worth of VeThor Token's. I'm sitting on 254,745 of them along with 1,984 Doge I got for $100. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 14, 2021 Share Posted February 14, 2021 Anybody tracking Bitcoin Cash? It had an all-time high of $2800, but crashed in 2018. It's hovering in the $700 range right now. I think it could run back to $2800 for a few reasons. Crypto is getting a ton of interest right now, particularly Bitcoin It is a Bitcoin fork and has name recognition, while being way cheaper than actual Bitcoin It's one of only four currencies offered on PayPal, making it a accessible to a lot of people Its been going up a lot the last 6 months and the last few days. May be a good choice for those getting started with relatively low downside. Link to comment Share on other sites More sharing options...
phart010 | 1,705 Posted February 14, 2021 Author Share Posted February 14, 2021 On 2/11/2021 at 6:34 AM, Bearcat-Doug said: I had some Ethereum back when it was $595 each, but I ended up selling it and adding the money to my bitcoin stash. I think Tesla buying bitcoin was just the start. If more corporations start adding bitcoin to their balance sheets in the billions of dollars, I wouldn't be surprised if it hits $50k soon and $100k by the end of the year. I bought 24 ethereum for a total of $200 a long time ago. When it’s value got to $400 I sold 12 of them for $200 to recover my initial investment Link to comment Share on other sites More sharing options...
phart010 | 1,705 Posted February 14, 2021 Author Share Posted February 14, 2021 49 minutes ago, DoctorEncore said: Anybody tracking Bitcoin Cash? It had an all-time high of $2800, but crashed in 2018. It's hovering in the $700 range right now. I think it could run back to $2800 for a few reasons. Crypto is getting a ton of interest right now, particularly Bitcoin It is a Bitcoin fork and has name recognition, while being way cheaper than actual Bitcoin It's one of only four currencies offered on PayPal, making it a accessible to a lot of people Its been going up a lot the last 6 months and the last few days. May be a good choice for those getting started with relatively low downside. Any interest in Bitcoin cash will be from retail investors that want a part of Bitcoin but feel they can’t afford it. Institutional investors are going to stick to real Bitcoin. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 14, 2021 Share Posted February 14, 2021 1 hour ago, phart010 said: Any interest in Bitcoin cash will be from retail investors that want a part of Bitcoin but feel they can’t afford it. Institutional investors are going to stick to real Bitcoin. 100% agree. But if I've learned anything recently, it's that retail investors are just as capable of pushing value as big institutions. I'll take my profits no matter how they come. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 14, 2021 Share Posted February 14, 2021 8 hours ago, phart010 said: I bought 24 ethereum for a total of $200 a long time ago. When it’s value got to $400 I sold 12 of them for $200 to recover my initial investment That's why I haven't sold any bitcoin. I could sell some to get my money back, but I don't want to do that in the event that it does double or triple again in the near future. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 16, 2021 Share Posted February 16, 2021 Looks like more big players are going to jump into crypto this year. I've decided to make it a small, but real part of my portfolio, maybe 5%. It seems likely the bubble will burst when we see more regulation, but I think it will bounce back quickly as crypto ETFs are formed and the big banks get in. And if it does burst, that's just an opportunity to lower my cost basis. https://www.bloomberg.com/news/articles/2021-02-13/morgan-stanley-may-bet-on-bitcoin-in-150-billion-investment-arm Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 16, 2021 Share Posted February 16, 2021 Bitcoin broke $50k for the first time this morning. The bigger news may be that it's holding steady above $49k even with the large amount of sale orders there were executed at $50k. 1 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 17, 2021 Share Posted February 17, 2021 Bitcoin is holding steady over $52k today after setting another ATH. It will be interesting to see how high it goes. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 17, 2021 Share Posted February 17, 2021 31 minutes ago, Bearcat-Doug said: Bitcoin is holding steady over $52k today after setting another ATH. It will be interesting to see how high it goes. I think we've got stability. I don't think there is going to be another huge crash (maybe 25% drop when SEC starts regulating heavily). I think it's just going to steadily rise like the stock market now. I do think there is still time to get in though. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 17, 2021 Share Posted February 17, 2021 (edited) 7 minutes ago, DoctorEncore said: I think we've got stability. I don't think there is going to be another huge crash (maybe 25% drop when SEC starts regulating heavily). I think it's just going to steadily rise like the stock market now. I do think there is still time to get in though. I'm lucky that I got in when I did. Even if we don't get Lambos on the moon, at least I can swing a Tesla Model 3 which was way more than what I had going in. Edited February 17, 2021 by Bearcat-Doug 1 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 17, 2021 Share Posted February 17, 2021 (edited) 9 minutes ago, DoctorEncore said: I think we've got stability. I don't think there is going to be another huge crash (maybe 25% drop when SEC starts regulating heavily). I think it's just going to steadily rise like the stock market now. I do think there is still time to get in though. Are you long bitcoin now? Edited February 17, 2021 by Bearcat-Doug Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 17, 2021 Share Posted February 17, 2021 5 minutes ago, Bearcat-Doug said: Are you long bitcoin now? I am. And Ethereum and Bitcoin Cash. I'm going to increase to 5-10% of my portfolio. It seems like every big bank and business will jumping in soon. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 17, 2021 Share Posted February 17, 2021 1 minute ago, DoctorEncore said: I am. And Ethereum and Bitcoin Cash. I'm going to increase to 5-10% of my portfolio. It seems like every big bank and business will jumping in soon. More corporate money is coming. I still think we see $100k Bitcoin this year. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 19, 2021 Share Posted February 19, 2021 Bitcoin just set another all time high and broke the $1 trillion market cap. That's quite a milestone. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 20, 2021 Share Posted February 20, 2021 On 2/17/2021 at 4:15 PM, DoctorEncore said: I think we've got stability. I don't think there is going to be another huge crash (maybe 25% drop when SEC starts regulating heavily). I think it's just going to steadily rise like the stock market now. I do think there is still time to get in though. It's holding steady in the mid/upper $55k range after breaking the $56k mark earlier. It looks like there is good support at the $55k level to avoid any major drop offs. 1 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 20, 2021 Share Posted February 20, 2021 55 minutes ago, Bearcat-Doug said: It's holding steady in the mid/upper $55k range after breaking the $56k mark earlier. It looks like there is good support at the $55k level to avoid any major drop offs. I'm in for the long haul. It's just like the stock market for me now. A dip or crash just means I buy more. And if it all goes to hell, I hold for the next 20-30 years. Link to comment Share on other sites More sharing options...
phart010 | 1,705 Posted February 20, 2021 Author Share Posted February 20, 2021 (edited) At current prices, Bitcoin needs to get to 100k for you to 2x your money. If you think there’s still more upside, maybe better to buy litecoin or ethereum at this point. Edited February 20, 2021 by phart010 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 20, 2021 Share Posted February 20, 2021 25 minutes ago, phart010 said: At current prices, Bitcoin needs to get to 100k for you to 2x your money. If you think there’s still more upside, maybe better to buy litecoin or ethereum at this point. Yes, but the goal with long term investing is not to immediately double your money. The goal is to steadily grow it. A return of 5-8% per year would be considered quite good. In fact, to double your money in 10 years, you need a growth rate of 7.2% per year. So if it takes Bitcoin ten years to double from where it is now, that would still be an excellent investment. Link to comment Share on other sites More sharing options...
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