Anyone into Cryto currency?

[copiertec]

Re: Anyone into Cryto currency?

Bitcoin tops $41,000 to hit another record, climbing 40% so far this year

If your into gold or silver, today is a good day to buy on the dips as well.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin tops $41,000 to hit another record, climbing 40% so far this year

the world’s most valuable cryptocurrency traded as high as $41,756, according to data from Coin Metrics.
Bitcoin is currently up over 40% so far in 2021, and on track to post its second-best week since the peak of the December 2017 surge.
The idea of bitcoin as a hedge against inflation has continued to gain traction among investors.

... if you invested $1,000.00 USD a month in Bitcoin when this thread first started, you would have doubled your money. Investing is too strong a word. You are truly speculating and at that time could have easily lost half your money.

One thing is for sure, some people will make fortunes on Bitcoin.

[copiertec]

Re: Anyone into Cryto currency?

I Just watched this interesting vid on bitcoin, pretty interesting.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Inside The Cryptocurrency Revolution


Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuation in the cryptocurrency market, nation-states are more interested in the underlying blockchain technology and its ability to revolutionize how business is done on the internet and beyond.

VICE's Michael Moynihan travels to Russia with Vitalik Buterin, inventor of the ethereum blockchain, to get a front-row seat to the geopolitical tug of war over Internet 3.0.

https://www.youtube.com/watch?v=u-vrdPtZVXc

[BillyCarpenter]

Re: Anyone into Cryto currency?

50" TVs long ago became a commodity with consumers with few willing to pay a premium for a brand name. Technology advanced to the point where there are few components inside a TV, they weigh much less and there is little opportunity to repair them, making them essentially disposable.

Profit margins are so little on TVs that most major brand names abandoned the market, preferring to license their brand name to some unknown Chinese company. These brand names make much less profit but they avoid all risk.

If you buy a Toshiba TV at Best Buy or Amazon, do not bother to call Toshiba. No support is available or implied. Your claim is against Best Buy or Amazon who directly imports them from China.

I remember buying a 42" flat screen not long after they came out. I think I paid around $4,000. A few months ago I bought a 65" and paid $900. Competition is a beautiful thing.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Central banks around the world are beginning to run out of options as to how restore their economies due to the COVID-19 pandemic.

As multiple major European countries are going into immediate, full 30 day lock downs, their economies will take a further battering. A lot of major nation states have taken on tremendous, some say, unsustainable debt. They cannot lower interest rates any lower than zero and they cannot print money any faster without risk of devaluing their currencies and risking hyper inflation.

With stock markets breaking new highs on a regular basis thereby risking a major correction, investors are seeking alternate investments like gold, silver and Bitcoin.

50" TVs long ago became a commodity with consumers with few willing to pay a premium for a brand name. Technology advanced to the point where there are few components inside a TV, they weigh much less and there is little opportunity to repair them, making them essentially disposable.

Profit margins are so little on TVs that most major brand names abandoned the market, preferring to license their brand name to some unknown Chinese company. These brand names make much less profit but they avoid all risk.

If you buy a Toshiba TV at Best Buy or Amazon, do not bother to call Toshiba. No support is available or implied. Your claim is against Best Buy or Amazon who directly imports them from China.

[slimslob]

Re: Anyone into Cryto currency?

No no. I like computer gizmos..

Atleast ten years ago having a big tv is more expensive than a top end graphics card. Nowadays, a top end graphics card is super expensive due to them being used in crypto mining, smaller architecture harder to make, and scalpers got most of them therefore in shortage. While another expensive item, the flat screen tv, has reduced in price quite a bit if you arent into the latest model.

As long as what I have continues to work, at 73 I have no interest in new features, whistles and bells.

[jmaister]

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?

No no. I like computer gizmos..

Atleast ten years ago having a big tv is more expensive than a top end graphics card. Nowadays, a top end graphics card is super expensive due to them being used in crypto mining, smaller architecture harder to make, and scalpers got most of them therefore in shortage. While another expensive item, the flat screen tv, has reduced in price quite a bit if you arent into the latest model.

[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.

[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?

[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

[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.

[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?

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

[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.