OT Crypto Currencies

Discussion in 'Blazers OT Forum' started by kjironman1, Feb 20, 2021.

  1. kjironman1

    kjironman1 Well-Known Member

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    Hey everyone.
    Not sure if there is something on here about the Crypto Currencies or not?
    Obviously if you are investing at all you have been watching BitCoin taking a huge run. Currently sitting at about 56K a coin.
    BitCoin got a bit expensive for my liking so i looked for a trust on it and found one that is going up but it's only a portion of an actual coin and they take their money off the top. The return has been about 40% over the last 3 months which isn't bad at all but it's not at the rate of the coin itself. They also charge me to buy every time and cashing out as well.

    I decided to buy Ethereum. this is a different animal than Bitcoin. Where Bit is like a commodity like Gold. Ether is more like a platform that supports the vehicles that mine the gold Or the energy they mine it with.

    What turned me on about Ether was more the price beings i could actually afford to buy a whole coin and enjoy the benefits of it growing then continue to buy more on a monthly basis as it grows.

    It seems after a decade of these being around they are not going to just completely fail and are probably the wave investors should be at least putting a percentage of their investments into?

    Do any of you have any experience here good or bad? What percentage of investments are you looking at? I am only thinking of staying in the 5-10% area at this point but if this continues to grow would probably go higher.

    How about transferring back to actual CASH. I'm using Coin Base so that seems like the most stable.

    Just starting a conversation on this.

    Thanks
    Kjironman
     
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  2. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    They should combine Bitcoin and Doge into DogBite!
     
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  3. kjironman1

    kjironman1 Well-Known Member

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    [​IMG]
     
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  4. kjironman1

    kjironman1 Well-Known Member

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    Update-
    I bought one Ethereum coin at about $2040 and at the end of one day i have lost $100. At this rate i should be done with crypto currencies within a week or two.
     
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  5. AmirIcon

    AmirIcon Well-Known Member

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    I've made more than $700 in two weeks time since I bought into Bitcoin.

    I've made almost $300 on ADA in that same time period.
     
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  6. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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  7. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    I sold ETH at 1400 lol. Oh well. I was pulling everything off Robinhood.
     
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  8. AmirIcon

    AmirIcon Well-Known Member

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    I'd buy that. Good deal for the buyer.
     
  9. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    That surely ain't Sly. First of all you can tell by the jaw structure that most of the teeth are intact.
     
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  10. kjironman1

    kjironman1 Well-Known Member

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    Doggy Dentures. Before-
    [​IMG]

    After-
    [​IMG]

    He's making a killing on Doge Coin.
     
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  11. Minstrel

    Minstrel Top Of The Pops Global Moderator

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    Dame Dolla.
     
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  12. AmirIcon

    AmirIcon Well-Known Member

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    Is it worth buying an ether coin? I guess technically I don't have to buy one full coin. I own fractions in Bitcoin and ADA which have paid off significantly in just a couple weeks time.
     
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  13. kjironman1

    kjironman1 Well-Known Member

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    I just felt that because I'm not really worth enough to invest big i would go cheap and hope it grows. The percentage on a coin might work out just as well though?
    I ended up buying one single coin so i can track it pretty easy. I'll see where it is in a year. My other investments get me 20-30% a year. If this goes to $2400 (20%) by next Feb at least I've done that well.
     
  14. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Buy a round number worth. For example, $100. Easy to track the +/-. Only buy on dips.

    Dollar cost average it over time. (For example buy $100 every week).


    Just got some at $1933. It is down 2% today. It's still falling a bit
     
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  15. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Bitcoin Cash has been decent for me too.
     
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  16. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    There's an exchange that pays you interest in your crypto. I'll find out.

    I need to setup an account on Gemini.
     
    Last edited: Feb 21, 2021
  17. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    It's called Voyager. I guess there's a waiting list
     
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  18. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    I think crypto currencies, especially Bitcoin, are ready for a major correction.
     
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  19. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Probably correct. Whole market is likely gonna crash soon

    I'm only getting bitcoin if it gets to 20k again.
     
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  20. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Eth 1700

    Btc 52k
     
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