I get it, and not arguing with you. I have no argument to make other than where it was when this thread started and where it is now. I know nothing about cryptocurrency other than what I have seen with my real money the past 29 days. It will go both ways I am positive of, just remembered there was a thread on it here years ago and searched for it. Thought I would get some retrospective insight. Many thoughts are the same now as then.
Yeah, a bitcoin at start of this thread was $206. First bit coins sold at $.008, 5050 for a touch over $5. Now it is worth over $56k.
Some form of crypto is here to stay, we are just scratching the surface. Block chain is some amazing ****. I Been in BTC twice and it's been good to me. I can't see not having some position in crypto from here on out. Waiting on the one year mark to make decision on some of my holding because quite frankly between the 3.8 net investment income tax piled on top of short term capital gains will be killer..
I’m Facebook friends with him. Seems to be doing very well. I asked him a year or two ago if he bought any Bitcoin. He did not. $1k of BTC the day this thread was made would be worth over $271k right now. $10k would be worth over $2.6 million. Sent from my iPhone using Tapatalk
It's all hindsight now though, it's here to stay but just as volatile as any stock. Difference is, could you risk $1k now for the next 10 years and adjust along the way. Is it the future or not? A few other crypto's out there that if you can hit right you can bank on. Wave of the future IMO
No worries, hoped a few of the original posters were still around. Guessing they were those that paid attention to such ventures. I'm not that smart
I was thinking the same when I saw the old thread. Good dude even if he didn't like cargo shorts. Lol Sent from my SM-G960U using Bowhunting.com Forums mobile app
I invested in GBTX. I think it’s worth dabbling in on some level. I don’t fully understand every aspect of it but It’s making money and that I understand.
What scares the bejezus out of me more than anything is what that means inflation is doing. Dollar is in a free falllllllllllllllllllllllllllll
Free fall? You call 5% free fall? Reading too much right tilt there friend. Didnt see that spin in early 18 when we had an even weaker dollar, and significant more pressure. But I degress, stronger global growth prospects spurned on by the vaccine distribution, and it doesn't take Warren Buffett skill to see shorting sthe dollar a bit right now is good play. On the flip side US products can use the shot in the arm a weaker dollar brings. On a personal note I am not leveraged in any meaningful way so I dont **** my pants with when I hear the dirty "I" word.
On a postive note...the inflation, (which I don't see any meaningful inflation fears anyway) scary Mary's are driving up BTC quite a bit. I can see some people wrongly thinking they can hedge against inflation with BTC.......obviously a mistake as BTC is way to volatile to really hedge against....well anything.
that's kinda what I was getting at- the inflation is real but is also driving up demand for BTC so they are kind of a self-priming pump. Wait'll the 3rd 3-4 trillion Pandemporculous "relief" bill comes out.
