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Most Online39,925 Dec 30th, 2023
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Re: Crypto currencies
[Re: Curt0407]
#14366370
05/12/22 10:50 PM
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Joined: Sep 2008
Posts: 121,172
hopalong
Pescador Loco
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Pescador Loco
Joined: Sep 2008
Posts: 121,172 |
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Re: Crypto currencies
[Re: Curt0407]
#14366373
05/12/22 10:55 PM
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Joined: Sep 2008
Posts: 121,172
hopalong
Pescador Loco
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Pescador Loco
Joined: Sep 2008
Posts: 121,172 |
I own 3,094,616,662,18454 shiba inu and they are worth 32.54 doge I own 203,024 worth 16.37 total is 48.46 buy in was 250.00 now I am tradin with the big boys!
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Re: Crypto currencies
[Re: jippedgenes]
#14366461
05/13/22 12:29 AM
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Joined: Jan 2006
Posts: 32,920
Scagnetti
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 32,920 |
My son bought bitcoin early and sold as it dropped to $43,000 ended up making $15 grand. Now it is about $28K makes me wonder. I will assume it will go back up as the gov keeps devaluing the USD. That’s not how it works and the dollar index is up above the 104 mark, hovering near a 19 year high The US dollar is backed by the good faith and financial holdings of the government. It’s also the de facto world’s currency Bitcoin is an invention of Satoshi Nakamoto and is backed by nothing. It’s a fugazi
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Re: Crypto currencies
[Re: Curt0407]
#14366474
05/13/22 12:54 AM
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Joined: Jan 2018
Posts: 310
angleiron
Angler
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Angler
Joined: Jan 2018
Posts: 310 |
Why do we need this? What’s wrong with the dollar?
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Re: Crypto currencies
[Re: Curt0407]
#14366480
05/13/22 01:03 AM
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Joined: Mar 2008
Posts: 34,575
cocodrie
TFF Guru
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TFF Guru
Joined: Mar 2008
Posts: 34,575 |
Isn’t there a tff’er who went all in, made it big a retired at like 50?
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Re: Crypto currencies
[Re: Curt0407]
#14366506
05/13/22 01:46 AM
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Joined: Apr 2010
Posts: 26,175
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,175 |
Made a good bit on doge coin last year. Got out of it when it looked like everything was stupidly high. Haven't really considered getting back in. Maybe a good time
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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Re: Crypto currencies
[Re: Curt0407]
#14366510
05/13/22 01:51 AM
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Joined: Aug 2021
Posts: 4,849
Flip Flop Fisher
TFF Team Angler
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TFF Team Angler
Joined: Aug 2021
Posts: 4,849 |
didn't the current admin submarine bitcoin because they were not getting their cut?
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Re: Crypto currencies
[Re: Curt0407]
#14366513
05/13/22 01:55 AM
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Joined: Jun 2012
Posts: 20,746
Douglas J
TFF Guru
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TFF Guru
Joined: Jun 2012
Posts: 20,746 |
Crypto was an awesome way to make some cash and will be again in the future.
Let the bottom drop out and buy
#MFGA
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Re: Crypto currencies
[Re: cocodrie]
#14366520
05/13/22 02:04 AM
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Joined: Aug 2002
Posts: 2,599
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,599 |
Isn’t there a tff’er who went all in, made it big a retired at like 50? And buying while its on sale for sure. Not much dry powder but definitely not passing this opportunity up. This cycle has repeated itself numerous times and people come out of the woodwork saying "Told u so" every time. But are back to being a naysayer when its rising. The difference today vs the rest.....The massive amount of institutional capital waiting for the time to go in. And the real world applications that blockchain solves compared to the same old way of doing things.
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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Re: Crypto currencies
[Re: Curt0407]
#14366551
05/13/22 02:46 AM
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Joined: Aug 2002
Posts: 2,599
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,599 |
Buying Cardano, Ethereum and Chainlink. And wait it out
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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Re: Crypto currencies
[Re: Curt0407]
#14366559
05/13/22 02:54 AM
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Joined: Jul 2002
Posts: 5,744
Mark C
TFF Celebrity
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TFF Celebrity
Joined: Jul 2002
Posts: 5,744 |
I'm shocked crypto isn't more popular in the OT.
You are not a good or nice person.
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Re: Crypto currencies
[Re: Curt0407]
#14366566
05/13/22 03:04 AM
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Joined: Aug 2002
Posts: 2,599
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,599 |
Copy paste good read
It seems as if nothing is safe from these corrections -- not even stablecoins are stable in this market. And it is totally possible that prices will decline further. Chasing an altcoin that skyrockets more than 2,000% in a year is definitely attractive. But it isn't sustainable.
After the astronomical run that some altcoins went on, it is difficult to remember that there is one tried and true strategy when it comes to investing in cryptocurrency. It isn't as glamorous as a shiny new altcoin, but it works.
People seem to have forgotten that Bitcoin (BTC 4.06%) is king.
Why Bitcoin? The oldest and biggest cryptocurrency, Bitcoin, is down more than 20% since the start of May. Those that have been around long enough to remember other meltdowns of more than 50% in less than a month can attest that this is just another bump in the road.
Sometimes knowing where Bitcoin has been is enough to have confidence in where it will go. In April 2013 Bitcoin lost 83% of its value. In December of that year it shed another 50% when China "banned" Bitcoin. The year 2018 was dismal. Despite hitting an all-time high of nearly $20,000 in December 2017, by December 2018 it was only trading for just over $3,000. More recent investors likely remember the flash crash of March 2020 when Bitcoin lost 50% in just a couple of days. The same thing happened in May 2021.
And yet despite all of this, Bitcoin remains at the top of the cryptocurrency market. It has rebounded every single time. Bitcoin has been there, done that.
This isn't to say that Bitcoin won't fall even further. That is entirely possible. But investors should sleep better at night knowing that Bitcoin has tested these waters before. Unlike previous times, Bitcoin's utility and adoption are at levels never seen before.
Two countries have adopted Bitcoin as official currencies. The Securities and Exchange Commission has approved a Bitcoin Futures ETF. Fidelity, the largest 401(k) provider, now offers clients Bitcoin. If one didn't look at the price, times couldn't be better for the king of cryptocurrencies.
When Bitcoin hit what was an all-time high of $30,000 in January 2021, investors were elated. Now Bitcoin is worth a bit less than $30,000 and some people claim Bitcoin is dead.
In times like these, altcoins will suffer losses orders of magnitude larger than Bitcoin. Although some of these altcoins have risen faster than Bitcoin, they will not remain there long.
Don't lose sight of the forest for the trees. Retracements of these kinds can last a year. Or they can last a few months. But in the end, slowly but surely, Bitcoin will return. Ignore the hysteria and take this time to gain exposure to Bitcoin at levels we will be wishing we had years down the road.
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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Re: Crypto currencies
[Re: Curt0407]
#14366599
05/13/22 04:00 AM
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Joined: Apr 2010
Posts: 26,175
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,175 |
How can you buy bitcoin in fidelity?
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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Re: Crypto currencies
[Re: patriot07]
#14366660
05/13/22 11:53 AM
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Joined: Aug 2002
Posts: 2,599
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,599 |
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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