Anyone end up investing in Bitcoins?

NYSpeed Automotive NYSpeed Off Topic
1321

It’s not enough to cash out, and it’s not enough to lose to worry me, I’m not trying to sound like a douche.

At the moment I’m up 175%, I was up 225% 48 hours ago. This is all speculative money, 50$ a week, if I lose it, oh well it is what it is. For me to be in the negative Bitcoin would have to be under 10 grand, and if it hits 15 again I will buy (another) an entire one.

It’s roughly 2-7% of my portfolio at any given time, if I lose it, I will write it off on my taxes.

But I don’t believe it’s going anywhere, for a list of reasons that you can find above. Even exchanges such as coinbase are going to IPO on the Nasdaq/s&p, there are two other I can’t remember. This industry is here to stay.

Weak hands are selling now. Institutional investors that drove the price up are now buying back what others fearfully let go of.

Even if I have to wait 4 years for it to hit my goal, twice as long as this last run, I’m okay with it. It gives me that much more time to buy in at cheap prices.

And if I’m totally wrong and lose everything oh well, my life isn’t effected by it at all. Tho I’d be super duper pissed off

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1322

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My btc is turning into this :+1:

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1323

Cashed out all my crypto tonight (except for some xrp that’s now stuck as cash on exchange I’m awaiting verification to cash out on) for a 40% return on initial investment. Been fun, but on to more long term stock options.

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1324

bought some more pogs today with some GME tendies

1325

As somebody with only a 401K and no outside investments, quick and dirty advice for wanting to get into these types of things and other investments? Where to start in general (apps?)

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1326

Honestly I just go off motley fool and regularly buy FANG stocks. Don’t mess with crypto because it’s retarded.

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1327

I use coinbase Pro, lower fees. This is a very risky investment, and has picked up a lot of institutional support, including Visa, Paypal, Square, and countless banks across the globe are experimenting with currencies such as XRP.

A few eastern european countries have now integrated stellar (XLM) in their finances.

Miami reportedly will be putting some of their budget in bitcoin. The dolphins actually have Litecoin as their choice of coin (Don’t know the reason, I do not see a point in litecoin but I don’t know shit about it either).

Cryptocurrency and blockchain in general are being used and researched more than ever, and each passing day more and more purpose for these things is found.

If you really want to “invest”, dollar cost average in. I do $50 a week most weeks into BTC.

What @Motocrossx23 said I would say retarded is not a good word, but definitely charts an unknown territory where you could lose it all, but each passing day that seems to be less likely.

At the end of the day you have to be able to sleep at night, invest what you don’t mind losing, but one thing rings truth, scared money doesn’t make money.

If you want a steady increase in net worth, 6-10% a year, basic mutual funds like VOO and SPY for example are a great way to go.

I’ve been investing since I was 19 and bitcoin has outperformed every asset/stock I’ve ever owned, maybe I wake up tomorrow and it’s zero, but who knows.

EDIT - Perhaps the greatest investor of our (millennial) generation, Cathy Wood, has a portion of her ARK Fund (Don’t remember which one), in bitcoin. Also her internet of the future fund I believe has a large stake in blockchain research.

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1328

Let’s say I wanted to invest in Dogecoin for the memes, what does one have to do to:

  1. Set up a digital wallet (how?)
  2. How easy is it to cash out?
1329

just checked my coinbase and binance stuff. not quick back up to where i was at peak in 2018 or so but about 400% up from a year ago.

just gonna let it ride.

the ADA and XRP are doing well right now. not going into Dogecoin.

1330

What happened in the last 24h were it’s spiking again?

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1331

Tesla bought $1.5 billion in BTC and will start accepting it for car purchases.

https://www.bloomberg.com/news/articles/2021-02-08/tesla-bets-1-5-billion-on-bitcoin-in-new-policy-crypto-surges

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1332

BTC
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1333

Do not buy dogecoin, you will get burned, it’s at an all time high ready to be dropped.

This is not financial advise lol

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1334

that tesla / BTC announcement is pretty wild.

1335

I hate playing this game right now. I don’t have much DOGE at all, however I bought when it was about .022 and I have 1040 share/coins. It’s now almost to .09 and I’m waiting for it to drop again. I want to sell and collect the $60+ I’ll be making from just putting in $24 that’s been sitting in the account not doing anything, but a side of me doesn’t want to take it out and then watch it climb hard because everyone jumps on the wagon for a fast payout.

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1336

Just a reminder, you haven’t made any money until you sell.

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1337

Learned this hard with gamestop

1338

WTF it spiked AGAIN :flushed:

1339

Ended up dropping, looks down in premarket.

Today at 4pm the new short info comes out, it’ll be interesting to see what it says

edit - sorry meant gamestop lol

1340

pre-makret for crypto?

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