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Dsloan
·Sure, and everyone who has been holding will (or should) sell.
Yay! All the new institutional investors can be my exit liquidity!
Are members invested in Bitcoin/crypto?
Yay! All the new institutional investors can be my exit liquidity!
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OneTwo
·Yay! All the new institutional investors can be my exit liquidity!
Movie was pretty good though. Reminded me of how the during GME diamond hands run it felt familiar to the 2017 BTC & crypto bull run. Man, seeing gain percentages like that again would be fun!
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Twocats
··Married... with childrenMy gut is telling me the next bull run will be about utility tokens.
Either way I am cashing out 50% of all holdings and I have my target prices in mind.
Either way I am cashing out 50% of all holdings and I have my target prices in mind.
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Dsloan
·A bit unrelated to crypto but just finished watching Dumb Money, can’t wait for the retail investors to be back on the Crypto bull run!
Movie was pretty good though. Reminded me of how the during GME diamond hands run it felt familiar to the 2017 BTC & crypto bull run. Man, seeing gain percentages like that again would be fun!
I'll have to check it out. I was very active on Reddit at the time and I've never been happy with mainstream analysis or depictions of what happened. They really seem to not understand what the WSB subculture was like and they also seem to not dig very deeply into what was going on under the hood with all the trading. Like, I'd love to know how all the larger firms played the situation, which hedge funds and large investment groups made bank shorting GME on the way back down, etc.
GME was the most fun I've ever had on a trade. Too much fun, honestly - the sort of once-in-a-lifetime nonsense that could make someone go broke trying to replicate. My father was an investment advisor and one of his catchphrases was, "one of the worst things that a investor can do is really make money on their first trade."
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Walrus
·I never mentioned this but I figured out a way to buy a new railmaster with crypto, Bitcoin to be specific. After diamond handing through the roller coaster with my entry in to Bitcoin the railmaster cost me 300 dollars. That’s figuring first in first out. Now my capital gains tax is something I’m scared to look at.
I just said screw it as I’ve had it sitting so long. Now I’m considering breaking out some eth but most of it is still staked and I’m reluctant to let it go. I may regret it someday but I know a guy who was buying computer parts when Bitcoin was a buck or under and he figures his rig cost him 250,000 dollars minimum. He has it put aside in a room with crime scene tape around it. What else can you do but laugh. I think it was much higher than 250k but I can’t recall the exact number.
I just said screw it as I’ve had it sitting so long. Now I’m considering breaking out some eth but most of it is still staked and I’m reluctant to let it go. I may regret it someday but I know a guy who was buying computer parts when Bitcoin was a buck or under and he figures his rig cost him 250,000 dollars minimum. He has it put aside in a room with crime scene tape around it. What else can you do but laugh. I think it was much higher than 250k but I can’t recall the exact number.
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Walrus
·Off topic but with Charlie mungers passing ive been reading some things I’ve collected on him and buffet. I just have a little BRK-b as I’m fascinated with buffet and mungers strategy. Mind you I’m not a wealthy investor it’s just my side hustle besides my managed stuff.
Munger started out working for Charlie’s father for .20 cents an hour back in the day. I really liked reading their suggestions and I’ve watched the last 6 years of earning calls as Charlie and munger made them entertaining and informative. I remember the last one it seemed like munger was slowing and his responses brief. (For the most part) I know a retired espn personality who met buffet in the 70’s and he was so impressed with him he bought four shares of class A. As of a year and a half ago he was still holding all four referring to it as his “f-ck you money” that’s what 2 million he’s just sitting on doesn’t even need it.
So that would have been prior to BRK was a sure thing but he said buffet was a no BS guy laid out his plans and the risks.
Full disclosure I’m not a buddy with this guy my old coworker is so I just met and talked with him.
Munger started out working for Charlie’s father for .20 cents an hour back in the day. I really liked reading their suggestions and I’ve watched the last 6 years of earning calls as Charlie and munger made them entertaining and informative. I remember the last one it seemed like munger was slowing and his responses brief. (For the most part) I know a retired espn personality who met buffet in the 70’s and he was so impressed with him he bought four shares of class A. As of a year and a half ago he was still holding all four referring to it as his “f-ck you money” that’s what 2 million he’s just sitting on doesn’t even need it.
So that would have been prior to BRK was a sure thing but he said buffet was a no BS guy laid out his plans and the risks.
Full disclosure I’m not a buddy with this guy my old coworker is so I just met and talked with him.
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Doc Savage
·Yay! All the new institutional investors can be my exit liquidity!
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dsio
··Ash @ ΩFOnce the shoe shine boy starts talking crypto, I'll be looking to exit.
That was the sign that every idiot uncle was now involved
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bernardcoghlan
·Absolutely! I've been holding onto Bitcoin for a while now, and it's been a rollercoaster. Considering selling at the right time, timing is everything. I also use a crypto wallet as a service to keep it safe. What's your take on the current market?
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ecarpino
·Am I the only one sticking with a world ETF and putting money there once a month? I did diversify a little bit buying a defence stocks' ETF, but I see crypto as too much of a risk for my point of view..
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Dsloan
·Am I the only one sticking with a world ETF and putting money there once a month? I did diversify a little bit buying a defence stocks' ETF, but I see crypto as too much of a risk for my point of view..
Nah, you're not the only one. I'm ~95% index funds and bond ladders. But, have a few individual stocks and some crypto with my 'fun money'. Keeps investing slightly more interesting.
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Walrus
·
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Walrus
·Interesting day. So the SEC Twitter or X account reported it approved a Bitcoin spot etf minutes later Genslar said the SEC X account had been compromised and they did not approve such a thing.
They are supposed to vote on it this week, Genslar has made clear he is against it but some who will be voting are on record saying there should have a Bitcoin etf years ago. I’m curious if they will vote contrary to Genslar and if so where would that leave him?
I’m kinda thinking it won’t happen at this point but it the answer may come up this week according to Bloomberg.
They are supposed to vote on it this week, Genslar has made clear he is against it but some who will be voting are on record saying there should have a Bitcoin etf years ago. I’m curious if they will vote contrary to Genslar and if so where would that leave him?
I’m kinda thinking it won’t happen at this point but it the answer may come up this week according to Bloomberg.
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Twocats
··Married... with childrenInteresting day. So the SEC Twitter or X account reported it approved a Bitcoin spot etf minutes later Genslar said the SEC X account had been compromised and they did not approve such a thing.
They are supposed to vote on it this week, Genslar has made clear he is against it but some who will be voting are on record saying there should have a Bitcoin etf years ago. I’m curious if they will vote contrary to Genslar and if so where would that leave him?
I’m kinda thinking it won’t happen at this point but it the answer may come up this week according to Bloomberg.
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Eco54
·A thawing bear market and crypto is on the upswing again. Soon enough YouTube will be full of crypto bros shilling their favourite coins.
I got into crypto in 2017 and rode the last two market cycles (up up up up up … down down down DOWN). The technology is fun to learn about, blockchain is definitely the next frontier for finance.
My investment goal was around 5% of our net worth in crypto and I spent a lot of time in 2020 and 2021 playing the defi and various projects. That said I was very disillusioned by the collapse of Terra and FTX where many people who did not really understand crypto had their savings wiped out. Because of this I’m not planning to bother with much in crypto in this next cycle.
I got into crypto in 2017 and rode the last two market cycles (up up up up up … down down down DOWN). The technology is fun to learn about, blockchain is definitely the next frontier for finance.
My investment goal was around 5% of our net worth in crypto and I spent a lot of time in 2020 and 2021 playing the defi and various projects. That said I was very disillusioned by the collapse of Terra and FTX where many people who did not really understand crypto had their savings wiped out. Because of this I’m not planning to bother with much in crypto in this next cycle.
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Walrus
·Well can we trust their website direct even
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Spacefruit
··Prolific Speedmaster HoarderAnyone who thinks they understand crypto and puts $$$ into anything other than bitcoin…..
Doesn’t 😀
Doesn’t 😀
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Zman4eva
·I've only been in ETH since 2017. Unfortunately I didn't buy enough when it was $80 so still slaving away at the desk job.
I don't like the fixed supply of BTC. How can miners stay in business in another two or three halving? Don't get me started on the constant sell pressure in the BTC market from miners selling to fund their operations.
Anyone who thinks they understand crypto and puts $$$ into anything other than bitcoin…..
Doesn’t 😀
I don't like the fixed supply of BTC. How can miners stay in business in another two or three halving? Don't get me started on the constant sell pressure in the BTC market from miners selling to fund their operations.
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Omegafanman
·So having ridden the waves for a while I just sold bitcoin for the first time…20% profit. Have left the original funds which were bought at different levels. Hopefully it breaks out higher …. but it is just fun money (hedge/gamble) either way.