Are members invested in Bitcoin/crypto?

So it was tax day in the US. I always wait till last minute because I owe money but I was surprised when you click that “did you trade crypto box” it didn’t open anything up to give you a menu for breaking down crypto. Unless the software I had was glitchy. So I added it in as capital gains kinda stuff. Fortunately (or maybe unfortunately) I didn’t have a lot to report as I just HODL but did do a little swing trading. I’m not seeking tax advice just wondering if anyone had a different experience when you click the crypto box did it open up any drop downs or menus for you?

Ya that was pretty much my message I would have preferred to say nothing but I felt the pressure considering he is my wife’s boss. Fortunately he wasn’t a pleasant guy and I usually end all my financial advice with “I don’t know f%#k about s%#t” just to cover my rear. The only reason I’m up is I held so long and learned not to panic sell.

If only. I'm sort of resigned to crypto winter for a couple years. May have to go back to collecting Seiko 5s for a bit. Maybe it will be a nice change of pace.

Accumulation phase

Indeed. But when's the watch market gonna have a big dip for an accumulation phase?

July 3rd year not clear

When crypto tanks 😗

It kinda did, obviously Bitcoin is dead for the 3,783rd time since I been in it

Con: bear market and stagflation could mean a lost decade for US equities.

Pro: if I time it right, maybe I can afford a 5513 or an Ed White to keep me company as I sleep in my vehicle?

Or, you could by this NFT:



Photo of David Cronenberg's passed kidney stones...

This is more interesting than 99% of NFTs. Truly, this is some Cronenbergian body horror stuff. I admire his commitment to staying on brand even with his physical ailments.

https://amp.cnn.com/cnn/2022/05/08/business/gucci-bitcoin-cryptocurrency-payments-trnd/index.html

I know Bitcoin talk slows during crypto winters but even with Bitcoin being down over 30% on the year (nasdaq down 20% I believe with some heavy hitters down much bigger) I think it makes sense for luxury good brands to accept crypto. If you bought crypto within the last year you are in the red but when you zoom out there are many holders out there still doing fine.

When btc was at one of its pumps I was asking the omega AD if they would accept btc. That was pre credit cards that turn crypto to fiat during transaction. The manager of the AD was really cool and into Bitcoin himself. He said swatch group had brought it up but they tabled it.

I don’t expect much to happen with btc tor a while many assets are getting hit right now and high risk will get hit the hardest. It’s interesting to see innovation and adoption continue even as these bear markets, or worse visit us.

https://amp.cnn.com/cnn/2022/05/08/business/gucci-bitcoin-cryptocurrency-payments-trnd/index.html

I know Bitcoin talk slows during crypto winters but even with Bitcoin being down over 30% on the year (nasdaq down 20% I believe with some heavy hitters down much bigger) I think it makes sense for luxury good brands to accept crypto. If you bought crypto within the last year you are in the red but when you zoom out there are many holders out there still doing fine. Many consider that extra money or you have those who HODL to see where this will be in another 10 year. May 22 2022 will be the 10 year anniversary of 10,000 Bitcoin for two pizzas purchase. I’m having pizza may 22

Ah sorry double post don’t know what I did I’ll leave it as I’m an anarchist at heart

Interesting read...I'm sure many here would disagree...

Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire” ❧ Current Affairs

I don’t think it’s so much “disagree” as everyone has opinions and I don’t think it’s wise to only read “pro” or “con” to back a particular opinion one may posses. I always wondered about Warren Buffet calling Bitcoin “rat-poison” or maybe munger said that then buffet said “rat-poison squared.” Anyway I looked further into his thoughts on it (Bitcoin) and I understand why he doesn’t like it as he lays out his thoughts further than a sound bite.

I posted a while back someone suggested to me a very weird named “apecoin” crypto. I think it went up 44k%. I dumped about midway as I see too many rugpulls with these little coins that come out of nowhere but I’ve been seeing signs of the last crazy ICO days and it was making me uneasy. Unfortunately I have a friend who was overly involved in that terra/Luna and was telling me how great the 20%apy was. I just briefly mentioned my concerns but he was more interested in converting me. Literally a week later ……. I know much less about this stuff than I know I had to pick up the WSJ as I didn’t grasp the whole Luna thing. I think I actually had some at one point. The bottom line we just aren’t gonna know how big (or little) crypto will be for years. I think the focus is off it for while as many tech stocks have fallen more than the “blue chip cryptos”. In the US at least many have 401k, Roths, 403b etc and some of them are taking serious hits.
Wandering off topic as usual but I got into apple stock prior to its last split (not much I’m not a high roller) but when Tim Cook made the announcement and switch to focusing on subscription services I read endless articles “the end of apple” no more innovation they were just going to be a services/content provider and everyone should dump apple stock as Tim Cook (Tim Apple) was going to run it into the ground.
Well a few years later we now see that was a brilliant move the earnings and profit they make on subscriptions are off the hook. I’m sure many sold during those flood of “apples dead” articles.
I never know who the hell to listen to, for all I know Bitcoin could be at 0 next week. I got ten more years of holding, that’s the number I picked. I figure hero or zero, or maybe it will just move sideways for a decade.

Are you doing that? Because I'm certainly not...