Search found 244 matches
- Thu Jan 07, 2021 10:06 am
- Forum: Variable Portfolio Discussion
- Topic: Bitcoin+Cash portfolio?
- Replies: 30
- Views: 1129
Re: Bitcoin+Cash portfolio?
Why would you buy GBTC with a 2% annual fee if you can buy the real thing? A few reasons. 1. You dont need to worry about bitcoin technical stuff like storing it, they custody 2. The GBTC premium (currently ~25%) can actually increase during bull markets so you could profit even more that way 3. Yo...
- Thu Jan 07, 2021 10:01 am
- Forum: Variable Portfolio Discussion
- Topic: Bitcoin+Cash portfolio?
- Replies: 30
- Views: 1129
Re: Bitcoin+Cash portfolio?
So, I went ahead and bought GBTC on my Traditional IRA with Fidelity. :-) Now the question is what kind of orders I need too place there to sell at certain points? That would be two scenarios: 1) Hits the same price I bought at (to prevent loss) 2) Doubles the price I bought at Would it be some kin...
- Wed Jan 06, 2021 2:20 pm
- Forum: Gold
- Topic: Gold outflows, bitcoin inflows
- Replies: 10
- Views: 664
- Tue Jan 05, 2021 2:28 pm
- Forum: Gold
- Topic: Gold outflows, bitcoin inflows
- Replies: 10
- Views: 664
- Mon Jan 04, 2021 11:07 am
- Forum: Variable Portfolio Discussion
- Topic: What's up with Paypal and bitcoin?
- Replies: 11
- Views: 414
Re: What's up with Paypal and bitcoin?
Ever used kraken? Yes, they are fine too. As long as you are not trading BTC, any of these should be ok from a fee perspective. For one time buy and hold investments, that is. Once comfortable, consider holding your own coins as it prevents exchange/custodial risks. Similar to Harry recommending ho...
- Mon Jan 04, 2021 11:04 am
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
And if the US government were to outlaw Bitcoin because it is being used for criminal activity? What effect would that have on price? Terrible for price short term. And they will likely try something like it. Blame terrorist attack on Bitcoin, blame Bitcoin for global warming, the wealth gap, whate...
- Mon Jan 04, 2021 10:56 am
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
- Mon Jan 04, 2021 9:13 am
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
Finally, the nature of Bitcoin is going to invite future government regulation and oversight. The potential of a currency like it to be used for all sorts of illegal activity is going to invite a lot of government scrutiny. Bitcoin is anti government and anti central banks. If governments and CBs d...
- Mon Jan 04, 2021 8:58 am
- Forum: Variable Portfolio Discussion
- Topic: What's up with Paypal and bitcoin?
- Replies: 11
- Views: 414
Re: What's up with Paypal and bitcoin?
I think Square's CashApp is a great way to buy some bitcoins to get started.
Coinbase is fine too.
River.com would be my recommendation for larger amounts, although I have not used them directly.
Coinbase is fine too.
River.com would be my recommendation for larger amounts, although I have not used them directly.
- Mon Jan 04, 2021 8:55 am
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
I don't understand the first thing about Bitcoin but I do have one anecdote... At the gym where I work out there is a Nigerian guy who likes to talk about his investments and how he's made X amount of money on whatever. When Bitcoin hit $20,000 last month he sold his entire position and told me tha...
- Mon Jan 04, 2021 8:52 am
- Forum: Other Discussions
- Topic: Paypal and Crypto - Is this anything?
- Replies: 6
- Views: 329
Re: Paypal and Crypto - Is this anything?
Paypal uses a company called Paxos for crypto stuffs: https://www.forbes.com/sites/ninabambysheva/2020/12/17/paypals-cryptocurrency-partner-paxos-raises-142-million/?sh=365178eb422d "In October, payment giant Paypal launched a cryptocurrency trading service in partnership with Paxos, letting custome...
- Mon Jan 04, 2021 8:46 am
- Forum: Variable Portfolio Discussion
- Topic: So much for the anonymity of Bitcoin
- Replies: 26
- Views: 1244
Re: So much for the anonymity of Bitcoin
Like it or not, Bitcoin is to some degree holding gold back at this point. The current buyers who have exploded the market cap by double in a few months are not buying for a safe haven, they buying lotto tickets. They would not be gold buyers. This is an unsubstantiated claim. In fact nearly every ...
- Mon Jan 04, 2021 8:39 am
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
Another reason Bitcoin scares me for holding a great deal of wealth is there is no one to appeal to in the event that your money evaporates. Once money leaves your account it can never be clawed back, and since there is no centralized agency running this operation you have no legal recourse. Would ...
- Mon Jan 04, 2021 8:36 am
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
I wonder if anyone has considered creating a gold backed digital currency that would allow convertibility into gold while also allowing the transactability of Bitcoin. Seems like gold bugs should be answering the crypto revolution with their own product. A gold-backed cryptocurrency requires a cent...
- Mon Jan 04, 2021 8:32 am
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
I am coming around to the idea that an effective cryptocurrency doesn't need any backing and is probably better off without it. If there's no backing then there's nothing to steal or misappropriate. Some people shoot back and say then there's no inherent value, and that leads us perilously close to...
- Wed Dec 30, 2020 2:28 pm
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
Those who understand the technology and monetary system have a much more reasoned approach. You found a guy in a vox article whose claim is not technical at all. His claim is that mining is centralized and that transactions could be censored. This is not a technical argument and has valid rebuttals...
- Wed Dec 30, 2020 2:11 pm
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
Gold has money-valuable properties that the others dont. Bitcoin has money-valuable properties that the others dont. What are bitcoin's properties? Gold I get. You can eschew all it's properties and just say it's beautiful and women like it for jewelry lol. That's enough to ensure it will always be...
- Wed Dec 30, 2020 2:03 pm
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
Yes, that's what the marketing brochure says. I'm not so sure I buy that. I don't know enough about any of this to even attempt to claim I understand what is going on. But, when people at major research institutions who understand and study this technology call it bullshit...I give that some weight...
- Wed Dec 30, 2020 1:53 pm
- Forum: Variable Portfolio Discussion
- Topic: Bitcoin+Cash portfolio?
- Replies: 30
- Views: 1129
Re: Bitcoin+Cash portfolio?
I think rebalancing on something like bitcoin shouldn't be done in the traditional way personally. Bitcoin is bubbling on 4 year cycles so far (very limited data ofc). These cycles have to do with the halving that the emission rate goes through every 4 years. https://www.bitcoinblockhalf.com/images/...
- Wed Dec 30, 2020 1:45 pm
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
I think the bitcoin that Marc de Mesel generously gave me on this forum that Reub and i were unable to cash out was worth $2000 when BTC was $10,000, so $4,000 now. What a shame. They want 12 words in a passphrase, and I have 9. Im not aware of any 9 word seeds. Its possible it was a 12 word seed a...
- Wed Dec 30, 2020 1:43 pm
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
It probably will hit some ungodly ridiculous number like 300,000 before it pops. You’re right. Then the bubble will pop down to $50k and everyone will call it dead. Like they did from $30->$1, $260->$40, $1200->$200, $19k->$3k. Do you see the pattern? How many decades and increasingly larger bubble...
- Wed Dec 30, 2020 1:35 pm
- Forum: Other Discussions
- Topic: Bitcoin - they coming for you
- Replies: 43
- Views: 1653
Re: Bitcoin - they coming for you
There have been multiple, and very credible reports, that Bitcoin has been used on a massive scale for money laundering by organized crime figures. And that there was a lot of price manipulation, again by gangsters, in BC's earlier big moves. I wouldn't touch BC even if I was playing with Donald Tr...
- Wed Dec 30, 2020 12:41 pm
- Forum: Variable Portfolio Discussion
- Topic: So much for the anonymity of Bitcoin
- Replies: 26
- Views: 1244
Re: So much for the anonymity of Bitcoin
https://www.theverge.com/2020/12/22/22195834/cryptocurrency-fincen-regulations-private-wallets Don't say I didn't warn you... Some things missing from this thread that I think are important: - Bitcoin was never anonymous. Its pseudonymous since you can see bitcoins being transferred between "addres...
- Thu Nov 19, 2020 12:00 pm
- Forum: Variable Portfolio Discussion
- Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
- Replies: 49
- Views: 4315
Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal... Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this a...
- Mon Nov 02, 2020 9:21 am
- Forum: Variable Portfolio Discussion
- Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
- Replies: 49
- Views: 4315
Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal... Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this a...