Anyone into Cryto currency?

[Phil B.]

Re: Anyone into Cryto currency?

El Salvador Becomes the First Country to Make Bitcoin Legal Tender

[copiertec]

Re: Anyone into Cryto currency?

In a world first, El Salvador makes bitcoin legal tender | Reuters

[Hansen88]

Re: Anyone into Cryto currency?

Not sure where to post this, (Let the truth be known thread?) but, inflation has been on the rise and gold/silver are always great assets to hedge against during a times of inflation. Things are starting to get interesting.

<br><br><a data-cke-saved-href="https://www.msn.com/en-us/money/markets/may-2021-consumer-price-index-shows-fastest-inflation-since-2008/ar-AAKTHku?ocid=winp1taskbar" href="https://www.msn.com/en-us/money/markets/may-2021-consumer-price-index-shows-fastest-inflation-since-2008/ar-AAKTHku?ocid=winp1taskbar">https://www.msn.com/en-us/money/markets/may-2021-consumer-price-index-shows-fastest-inflation-since-2008/ar-AAKTHku?ocid=winp1taskbar</a><br>

I bought into physical silver probably 10 years or more ago pretty big. Almost right away it shot up to around 40.00 a ounce and I was feeling good. When it started going down I was not worried because I was going to hold it for the long haul. It went down to basically where I started . I am now waiting for it to go up enough to get out.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Most coins are shifting to Proof of Stake which is ecology-friendly. Talking about mining. I believe that Tesla has a more ruining effect on the environment than all cryptocurrency, my opinion.

... proof of stake, a new term to me

Staking makes it easier for you to run a node. It doesn't require huge investments in hardware or energy, and if you don't have enough ETH to stake, you can join staking pools.	Proof-of-stake is still in its infancy, and less battle-tested, compared to proof-of-work
Staking is more decentralized. It allows for increased participation, and more nodes doesn't mean increased % returns, like with mining.
Staking allows for secure sharding. Shard chains allow Ethereum to create multiple blocks at the same time, increasing transaction throughput. Sharding the network in a proof-of-work system would simply lower the power needed to compromise a portion of the network.

[copiertec]

Re: Anyone into Cryto currency?

Most coins are shifting to Proof of Stake which is ecology-friendly. Talking about mining. I believe that Tesla has a more ruining effect on the environment than all cryptocurrency, my opinion.

Interesting comments on Tesla and spot on. Lithium mining is super- hazardous to the environment, it uses a ton of water(trillions of gallons) over time, destroying pristine land which in turn destroys the ecosystem, creatures in that ecosystem, and the end result is dead with giant holes in the ground. This is something they do not talk about when they are pushing for a "green" electric car, here is the proof that the "green agenda people" never talk about, the destruction to the environment that is caused by Lithium mining.

302 Moved

[SalesServiceGuy]

Re: Anyone into Cryto currency?

... I hope Allan hung onto to his XRP despite all of the bad advice ,including from me, about crypto. He would have 10X his money.

The wild west of crypto will soon come to an end because its enables too much criminal behaviour against critical infrastructure. The USA, the FBI, DND and Cyber Command are now involved and will guarantee pain on any new attackers for the rest of their lives.

Major endorsers are cooling to crypto.

Crypto has a very bad effect on the climate because it consumes so much electricity.

[copiertec]

Re: Anyone into Cryto currency?

Not sure where to post this, (Let the truth be known thread?) but, inflation has been on the rise and gold/silver are always great assets to hedge against during a times of inflation. Things are starting to get interesting.

<br><br><a data-cke-saved-href="https://www.msn.com/en-us/money/markets/may-2021-consumer-price-index-shows-fastest-inflation-since-2008/ar-AAKTHku?ocid=winp1taskbar" href="https://www.msn.com/en-us/money/markets/may-2021-consumer-price-index-shows-fastest-inflation-since-2008/ar-AAKTHku?ocid=winp1taskbar">https://www.msn.com/en-us/money/markets/may-2021-consumer-price-index-shows-fastest-inflation-since-2008/ar-AAKTHku?ocid=winp1taskbar</a><br>

[copiertec]

Re: Anyone into Cryto currency?

Not sure where to post this, (Let the truth be known thread?) but, inflation has been on the rise and gold/silver are always great assets to hedge against during a times of inflation. Things are starting to get interesting.

May 2021 Consumer Price Index Shows Fastest Inflation Since 2008

[mrnapolean1]

Re: Anyone into Cryto currency?

I used to use it back around 5 years ago but I don't use it anymore.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

"perhaps signals some profit-taking from investors." Perhaps?????

100%. Both profit taking and risk reduction with an eye to buying back in.

There is a huge amount of global money flowing into Bitcoin in Jan 2020, the start of a new fiscal year.

Many investors are demanding that their portfolios allocate 5% of their assets into Bitcoin in search of higher yields.

Many investors live in economies where they want to hide a part of their wealth from their gov'ts.

The ideal situation would be to redeem 100% of your initial investment and let your profits ride to wherever it takes you.

[slimslob]

Re: Anyone into Cryto currency?

Bitcoin (BTC): $200 billion wiped off cryptocurrency market

Good buy time?

"perhaps signals some profit-taking from investors." Perhaps?????

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Just curious, how much have you personally made off bitcoin?

I do not invest in Bitcoin directly.

Bitcoin trades 24/7. I do not want to think about it all of the time.

I do have an ETF that trades Bitcoin for me that I first invested in back in Sept 2020. I am up more money than most copier technicians will make in six months.

I have no plans to sell my investment in the next couple of years so it is all paper profits. Not the kind you can spend but if you do cash in you have to pay taxes on it. I view it as a retirement bonus when my income will be much lower.

[BillyCarpenter]

Re: Anyone into Cryto currency?

... only if you understand what you are buying, what the fees are and are willing to immediately lose 50% of any money you speculate with.

Bitcoin is still at an all time high compared to just a month ago at $20,000.00 . It could still fall a long way from today's $33,000.00 valuation.

Just curious, how much have you personally made off bitcoin?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin (BTC): $200 billion wiped off cryptocurrency market

Good buy time?

... only if you understand what you are buying, what the fees are and are willing to immediately lose 50% of any money you speculate with.

Bitcoin is still at an all time high compared to just a month ago at $20,000.00 . It could still fall a long way from today's $33,000.00 valuation.

[copiertec]

Re: Anyone into Cryto currency?

Bitcoin (BTC): $200 billion wiped off cryptocurrency market

Good buy time?