Anyone into Cryto currency?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

.... since this thread started in Dec 01 2020, a $1,000.00 USD investment would now be worth $1,300.00, a 30% return with a likely steep return continuing in Jan 2021 with a new President and large volumes of idle cash looking for a high yield investment.

BTC.CM= Bitcoin/USD Coin Metrics | 26890.1992343.59(1.29%)


BTC.BS= Bitcoin/USD Bitstamp | EU 26884.1895638.73(2.43%)


BTC.CB= Bitcoin/USD Coinbase | CH 26882.25160.75(0.60%)


BCH.CB= Bitcoin Cash/USD Coinbase | CH 362.8112.20(3.48%)




https://www.cnbc.com/search/?query=b...chterm=bitcoin

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Cyber criminals are targeting the websites of many companies involved in the buy/sell of Crypto-currency. They know that there is a lot of interest in Bitcoin right now with huge inflows of cash come Jan 01 2021.

Cyber criminals are attacking the DNS servers of authentic cryptocurrency firms. When you log into what you think is an authentic website, unknown to you, you are redirected to a convincing looking fake criminal website where a key logger can read your user name and password and quickly attempt to steal all of the money that is in your digital wallet.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin is becoming a great hedge against piling global debt: Crypto currency hedge fund

Michael Bucella, partner at BlockTower Capital, joins BNN Bloomberg to discuss the cryptocurrency markets and how institutions - not retail investors - are leading the charge in the recent rally in Bitcoin.

... a great 13:00 min to learn about the reality of trading crypto.

Bitcoin is becoming a great hedge against piling global debt: Crypto currency hedge fund - Video - BNN

... the Queen's Broker, known for being conservative, bought $750M of Bitcoin and looking to expand".

[Phil B.]

Re: Anyone into Cryto currency?

https://secure.investorplacenow.com/?cid=MKT491104&eid=MKT500707&clickid=01_69498845_36df0fd6-8652-4ab4-ba6a-e245419d68f5&PromoCode=MKT500707&assetId=AST151657&page=1

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin soars past $33,000, its highest ever!



Bitcoin has been flirting with the $30,000 mark for weeks, and finally passed that record-setting level Saturday. The virtual currency is now valued at above $33,000, an all-time high.

Bitcoin (XBT) has tripled in value during 2020, growing steadily even as the stock market plunged in the early days of the pandemic. Investors have been drawn to it, as well as other cryptocurrencies, as the US dollar has weakened.

With the Federal Reserve expected to leave interest rates near zero for several more years, bitcoin may continue to win new fans.

Well-known names are adding to bitcoin's mainstream appeal. Rick Rieder, the chief investment officer of fixed income BlackRock (BLK), has said the digital currency could replace gold. Payment giant PayPal (PYPL) has embraced bitcoin, after showing reluctance to do so.

"When any asset climbs in price this fast for an extended period of time I become cautious, and I'd urge anyone trading BTC to not get caught up in the euphoria," said Nicholas Pelecanos, head of trading at cryptocurrency firm NEM, who nevertheless predicts bitcoin could rise to $50,000 by Valentine's Day. "I believe we are just at the beginning of what will be an immense bull market."

Yet even as bitcoin is becoming mainstream, the currency is still commonly used by fraudsters, giving it negative attention. Last July, hackers took over Twitter accounts belonging to Elon Musk, Bill Gates and Barack Obama in an apparent effort to earn income by scamming people out of bitcoin.

Due to the currency's decentralized and nearly anonymous nature, it can be hard to get money returned after losing it in a scam, as there is no central authority -- such as a bank -- to intervene. Decentralization has made cryptocurrency a favorite for scammers, even as it appeals to technologists and investors alike.

[jmaister]

Re: Anyone into Cryto currency?

could never figure crypto out...

IMHO

its along the line that if you make something big enough, we have to accept its validity, even if it isn't.

just like Urkel. he was very real for sometime.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

could never figure crypto out...

IMHO

its along the line that if you make something big enough, we have to accept its validity, even if it isn't.

just like Urkel. he was very real for sometime.

Crypto currencies are here to stay as big institutional money is starting to invest big $$$ in this new asset class.

Investors are worried that all of the world's currencies are printing paper money as fast as they can which devalues cash as an asset.

With interest rates at close to 0% around the world investors are diversifying at least 5% of their portfolio into primarily Bitcoin to get higher returns.

Crypto is considered by many to be a high risk investment with Bitcoin dropping 17% today after having run up 200%+ in the last year.

Investors are poised to buy more Bitcoin on any significant pullback as could be seen today creating a floor price of at least $20,000 USD.

You can now easily purchase and trade Bitcoin on a platform like Paypal.

[slimslob]

Re: Anyone into Cryto currency?

Crypto currencies are here to stay as big institutional money is starting to invest big $$$ in this new asset class.

Investors are worried that all of the world's currencies are printing paper money as fast as they can which devalues cash as an asset.

With interest rates at close to 0% around the world investors are diversifying at least 5% of their portfolio into primarily Bitcoin to get higher returns.

Crypto is considered by many to be a high risk investment with Bitcoin dropping 17% today after having run up 200%+ in the last year.

Investors are poised to buy more Bitcoin on any significant pullback as could be seen today creating a floor price of at least $20,000 USD.

You can now easily purchase and trade Bitcoin on a platform like Paypal.

I wonder if that 17% drop for Bitcoin might be related to investors converting to Crypto?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

I wonder if that 17% drop for Bitcoin might be related to investors converting to Crypto?

Pure profit taking from a $34,000.00 USD all time high. That same money has likely bought back in at $30,000.00 today.

With the arrival of jan 01 2021, Bitcoin has been accepted as a store of value by the leaders of finance around the world. Expect automated trading from here on.

For those who fear that Bitcoin can suddenly drop in value, you can buy an expensive insurance program to protect your investment.

For those who cheer for Bitcoin to crash in value, you can "short" the currency and hope to profit.

[jmaister]

Re: Anyone into Cryto currency?

Crypto currencies are here to stay as big institutional money is starting to invest big $$$ in this new asset class.

Investors are worried that all of the world's currencies are printing paper money as fast as they can which devalues cash as an asset.

With interest rates at close to 0% around the world investors are diversifying at least 5% of their portfolio into primarily Bitcoin to get higher returns.

Crypto is considered by many to be a high risk investment with Bitcoin dropping 17% today after having run up 200%+ in the last year.

Investors are poised to buy more Bitcoin on any significant pullback as could be seen today creating a floor price of at least $20,000 USD.

You can now easily purchase and trade Bitcoin on a platform like Paypal.

People don't have ideas. Ideas have people

[BillyCarpenter]

Re: Anyone into Cryto currency?

People don't have ideas. Ideas have people

Interesting concept. While the free market economy isn't perfect (nothing is), do you have an idea any better?

[jmaister]

Re: Anyone into Cryto currency?

Interesting concept. While the free market economy isn't perfect (nothing is), do you have an idea any better?

oh no sir, its functional. I take that anydays over non functional.

The point is over any measure we take attempt to fix something, there's always something new, new trend thats disrupting the previous. That's largely due to users, less so the system.

Like games, often times you hear something getting nerfed, something getting buffed. But thats not entirely based on the design flaw, its the caused and effect, and how much its deviated by intended use when its interacting with playerbase.

it was a simple jest at, tho things seem broken, atleast TV is cheaper.

[slimslob]

Re: Anyone into Cryto currency?

Staarting lasr year the IRS has been asking about virtual currency, "A new IRS question appears at the top of Schedule 1 to your 2019 Form 1040. It asks if you received, sold, sent, exchanged, or otherwise acquired any financial interest in any virtual currency at any time during the year." When IRS Asks About Cryptocurrency On Your Taxes, Answer Carefully

[slimslob]

Re: Anyone into Cryto currency?

oh no sir, its functional. I take that anydays over non functional.

The point is over any measure we take attempt to fix something, there's always something new, new trend thats disrupting the previous. That's largely due to users, less so the system.

Like games, often times you hear something getting nerfed, something getting buffed. But thats not entirely based on the design flaw, its the caused and effect, and how much its deviated by intended use when its interacting with playerbase.

it was a simple jest at, tho things seem broken, atleast TV is cheaper.

Crypto currency is a type of hedge fund, and as such is not for everyone. you can see huge gains but you can also experience huge losses. If you invest you have to stay on top of your investments. Question by "TV is cheaper" are you referring to the amount of sleaze you find on television?

[BillyCarpenter]

Re: Anyone into Cryto currency?

Crypto currency is a type of hedge fund, and as such is not for everyone. you can see huge gains but you can also experience huge losses. If you invest you have to stay on top of your investments. Question by "TV is cheaper" are you referring to the amount of sleaze you find on television?

IMHO, many people are always looking for a way to get rich quick. That's fine if you have the money to lose. Personally, I know what I don't know. I like my money too much to invest in anything that I don't fully understand. More power to those that do.