Let's talk about Cryptocurrencies

[Winsor_Pilates]

Originally Posted by Yoho

https://twitter.com/user/status/1371579329738575878

That's insane.
The more I read about Bitcoin, the more it's staring to concern me.
I still wish I'd bought it at 20k and rode this wave, but I honestly can't say I believe in it as real value, the hype value is certainly real right now though.

I guess putting some play money towards crypto could be worthwhile but I'd be afraid of any real investment of a serious % of my wealth. Feels like gambling.

[1_Flames_Fan]

ADA (Cardano) making a nice push today. Up to $1.18 US$

[dino7c]

Originally Posted by 1_Flames_Fan

ADA (Cardano) making a nice push today. Up to $1.18 US$

Coinbase is adding Cardano making it much easier to buy. Should really help it.

[Hemi-Cuda]

Originally Posted by dino7c

Coinbase is adding Cardano making it much easier to buy. Should really help it.

I think the main thing holding Cardano back so far has been how difficult it is to buy compared to ETH or BTC. When it's added to more of the major platforms I think it'll start to shoot up significantly

[1_Flames_Fan]

Originally Posted by dino7c

Coinbase is adding Cardano making it much easier to buy. Should really help it.

Yeah that is pretty huge. Was wondering what was behind the increase. Was up to $1.30 US at one time today.

[Robotic]

Originally Posted by Winsor_Pilates

That's insane.
The more I read about Bitcoin, the more it's staring to concern me.
I still wish I'd bought it at 20k and rode this wave, but I honestly can't say I believe in it as real value, the hype value is certainly real right now though.

I guess putting some play money towards crypto could be worthwhile but I'd be afraid of any real investment of a serious % of my wealth. Feels like gambling.

What is concerning you?

Honestly, I think it’s still early to get into Bitcoin. Institutions are just starting to get in, and the Central Bank of France recently announced they will start to buy and hold Bitcoin. This will create some motivation and FOMO for other governments to start accepting Bitcoin. Similar to how MicroStrategy was the first domino to fall.

I’m more bullish of bitcoin now than I was years ago when it was a fraction of what it is today. Yeah sure you won’t get these 50,000% gains. But there’s still a lot that can happen if you have a long enough time line.

I agree with you, get some skin in the game, and start to go down the Bitcoin rabbit hole. Start with the book “The age of cryptocurrency”. This got me excited and really opened my mind. If you’re into Podcasts I personally like “The what Bitcoin did podcast” and “Bitcoin Rapid-Fire”

If you think cryptocurrencies is going to follow a similar trajectory as the internet, we look like we’re in about year 1994 compared to the internet.

[Winsor_Pilates]

Originally Posted by Robotic

What is concerning you?

Honestly, I think it’s still early to get into Bitcoin. Institutions are just starting to get in, and the Central Bank of France recently announced they will start to buy and hold Bitcoin. This will create some motivation and FOMO for other governments to start accepting Bitcoin. Similar to how MicroStrategy was the first domino to fall.

I’m more bullish of bitcoin now than I was years ago when it was a fraction of what it is today. Yeah sure you won’t get these 50,000% gains. But there’s still a lot that can happen if you have a long enough time line.

I agree with you, get some skin in the game, and start to go down the Bitcoin rabbit hole. Start with the book “The age of cryptocurrency”. This got me excited and really opened my mind. If you’re into Podcasts I personally like “The what Bitcoin did podcast” and “Bitcoin Rapid-Fire”

If you think cryptocurrencies is going to follow a similar trajectory as the internet, we look like we’re in about year 1994 compared to the internet.

Thanks, I'll check out those links.

What's concerning me is the valuation of Bitcoin is already much higher than any logical explanation.
I agree with what you're saying about it still have more mainstream adoption and upside, but everything should have a price.

We can use what you're saying to justify any valuation whatsoever and that's the concern.
Even if Bitcoins were $1M each right now, you could still make those arguments about there being more upside to come and say well it will be $1.5M soon.
The actual valuation of it has become irreverent, which I don't understand.

[Enoch Root]

Originally Posted by Robotic

What is concerning you?

Honestly, I think it’s still early to get into Bitcoin. Institutions are just starting to get in, and the Central Bank of France recently announced they will start to buy and hold Bitcoin. This will create some motivation and FOMO for other governments to start accepting Bitcoin. Similar to how MicroStrategy was the first domino to fall.

I’m more bullish of bitcoin now than I was years ago when it was a fraction of what it is today. Yeah sure you won’t get these 50,000% gains. But there’s still a lot that can happen if you have a long enough time line.

I agree with you, get some skin in the game, and start to go down the Bitcoin rabbit hole. Start with the book “The age of cryptocurrency”. This got me excited and really opened my mind. If you’re into Podcasts I personally like “The what Bitcoin did podcast” and “Bitcoin Rapid-Fire”

If you think cryptocurrencies is going to follow a similar trajectory as the internet, we look like we’re in about year 1994 compared to the internet.

And how much money did you make investing in the internet?

It is a tool that makes everything and everyone better and more efficient. It isn't an investment in and of itself.

Cryptocurrency is also a tool, like the internet.

[Leondros]

Originally Posted by Enoch Root

And how much money did you make investing in the internet?

It is a tool that makes everything and everyone better and more efficient. It isn't an investment in and of itself.

Cryptocurrency is also a tool, like the internet.

I disagree, blockchain is the tool and is more comparable to the internet. Blockchain enables the trading of assets such as cryptocurrencies. The internet enabled the connection of users resulting in things such as online selling of goods and services, and marketing.

[Enoch Root]

Originally Posted by Yoho

https://twitter.com/user/status/1371579329738575878

To a fan, that is a victory.

To a rational investor, that is an indictment.

[Enoch Root]

Originally Posted by Leondros

I disagree, blockchain is the tool and is more comparable to the internet. Blockchain enables the trading of assets such as cryptocurrencies. The internet enabled the connection of users resulting in things such as online selling of goods and services, and marketing.

Yes, blockchain is a tool, and probably more comparable to the internet. But cryptocurrencies are also a tool, and inseparable to blockchain - enough so that I simply referred to them as a single entity (as many often do). I would argue that they are two parts of the same tool.

What is a nail without a hammer?

[Table 5]

Speaking of Visa.

https://twitter.com/user/status/1372231282978136067

[dino7c]

Morgan Stanley offering up Bitcoin funds to its clients...but only the rich ones with more than 2M in assets

no "poor" people allowed

The poor should continue to hold the bags for the rich I guess. They will gladly sell you bonds.

[Robotic]

Originally Posted by dino7c

Morgan Stanley offering up Bitcoin funds to its clients...but only the rich ones with more than 2M in assets

no "poor" people allowed

The poor should continue to hold the bags for the rich I guess. They will gladly sell you bonds.

I wonder the reason behind this. Maybe they know it’s going to be a learning curve to roll out this service and wanted to limit capacity?

[DownhillGoat]

They're regulated by the SEC though aren't they? With how volatile bitcoin is I imagine they'd be scrutinized for putting the average joe's retirement fund into bitcoin.

[1_Flames_Fan]

Can someone explain the difference between a limit order and a stop limit order as it relates to Crypto? I have only used limit ordering so I'm curious what the advantage of a stop limit order is? Thanks friends.

[topfiverecords]

Originally Posted by 1_Flames_Fan

Can someone explain the difference between a limit order and a stop limit order as it relates to Crypto? I have only used limit ordering so I'm curious what the advantage of a stop limit order is? Thanks friends.

A stop limit order is a limit order at your specified price, that doesn’t execute until after your stop price target gets hit.

[Yoho]

Originally Posted by Enoch Root

To a fan, that is a victory.

To a rational investor, that is an indictment.

https://twitter.com/user/status/1371808752769380357

Must be fun to see the rest of crypto owners lapping you rational investor.

[Hemi-Cuda]

Cardando at an all-time high now of $1.73. I was looking to buy more but thinking of waiting now for the next dip, assuming there will be a dip of course. Curious at to what the more experience crypto traders think will happen to this one in the next few months

[worth]

There is always a price correction.