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Anyone here into cryptocurrency investment?

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  • #41
    I have enough to buy a decent truck in Bitcoin. Gonna let it ride for 5 years.

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    • #42
      Converting bitcoin to currency is a hassel. You can sell it on PayPal i guess

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      • #43
        Originally posted by niceyboo3 View Post
        Converting bitcoin to currency is a hassel. You can sell it on PayPal i guess
        Exchanges take a large slice of the profits

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        • #44
          Originally posted by abracada View Post

          Exchanges take a large slice of the profits
          There are things you can do to mitigate it like use coinbase pro instead of regular coinbase it doesn't cost extra and you just log in when you download the app with your credentials

          You can move what you have from regular coinbase to pro at no charge.
          Zaryu likes this.

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          • #45
            many are in it to make profits and ride a wave...ride a good pump and trade crap coins that pump(ada being one...still no real product...its riding a wave of youtube/twitter schilling) and thats all fine and good....but the real goal of this thing is adoption....so that we truly have our own way of paying for goods/services without the govt being able to meddle in your finances......imagine making a nice 500k gain trading some coins? do you want to convert that back to fiat and have to pay tax on it...or would you rather that you could convert it to a currency that is widly accepted by merchants....the idea is to weak and crush fiat currency....by cashing out and taking your profits you are doing the opposite

            even though crypto/defi isnt new we are still extremely early here....look deeper....think in terms of building a strong portfolio....convert 70 percent of it to bluechips...park them somewhere where you can earn 10-20 percent on them....then take the other 30 percent to play with trading coins

            the aim of defi is to not have to explain to the govt where your money came from...the goal is to be able to take out a loan without having to explain anything to a ****ty banker during their hours...but to be able to do it any time of day whenever youd like...learn about dex's and the ability to bank with them....the ability to earn passive income parking them in a protocol(bancor)......this stuff is huge and much deeper than just some "crypto coins"....theres a fortune to be made and extra money to be made if you do it right...now imagine having a day where you dont need to explain where your money came from and worry about having the govt come for their slice and you can pay for goods and services with your defi coins....thats what this really is about

            this money is smarter than regular fiat...it would be great to move forward and say we can boycott fiat...think defi money=strong...fiat=weak...thats where we are even right now....we need adoption by merchants to accept payments

            a world, where you can take out a loan completely anonymously without being judged a piece of **** banker for your financial history, your skin color, the car you drive, the family you were born into, the clothes and jewelry you wear, your religion, your nationality etc.....in defi all you need to show for, is collateral. decentralized protocol ms don’t judge you for being human...they just care about maths...if the collateral is good, you’ll get your loan, and you can go and buy your house, car or vacation without having to explain yourself

            this stuff was started as a movement....cant lose sight of that....its nice to make some profits but defeats the purpose to exchange it back to fiat....theres alot of learning to do...but learn it...there are ways to earn 10-20 percent of your stack parking it
            abracada likes this.

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            • #46
              Never bought crypto but I just placed a buy for 100 shares of the new Coinbase stock that will begin trading tomorrow with a limit price of $300. We shall see how that goes.
              Last edited by jaded; 04-13-2021, 10:28 PM.

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              • #47
                Originally posted by jaded View Post
                Never bought crypto but I just placed a buy for 100 shares of the new Coinbase stock that will begin trading tomorrow with a limit price of $300. We shall see how that goes.
                It’s oversubscribed by all accounts?

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                • #48
                  Chain link turning out to be a good long term investment..... what else look good I the long term that’s under 100 bucks. Not trying to flip crypto I want a stable one that I’ll hold for 5-10 years

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                  • #49
                    Originally posted by flipbjefrox View Post
                    Chain link turning out to be a good long term investment..... what else look good I the long term that’s under 100 bucks. Not trying to flip crypto I want a stable one that I’ll hold for 5-10 years
                    link is the one....but also look into BNT..im heavy in that also and its still early...great protocol that is undervalued rn and could be huge....also go with safe long term blue chips like aave and eth

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                    • #50
                      Originally posted by Curt Henning View Post

                      link is the one....but also look into BNT..im heavy in that also and its still early...great protocol that is undervalued rn and could be huge....also go with safe long term blue chips like aave and eth
                      Not showing off but making a killing on ETH and I am a crypto noob

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