Governments are eyeing these digital currencies. They will be finding a way to regulate them. Like it or not, it's coming. I noticed that the tax forms this year are already asking if you owned any such currencies. I've even read couple of articles I found about the government looking into regulation. Uncle Sam is gonna get his. Once that happens, it will be interesting to see how that market goes.
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Remember, the effort has to go into the art, not the wave
Everybody talking 'bout they own their masters
But if your "art" don't age well, it don't matter
It's like you own a hundred percent of nothing
Know your value
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Invest what you can afford to lose, meaning invest anything that you see go to $0 overnight that won't change your daily life.
I believe it'll go up & down to various reasons--alt coins going up, government trying to intervene, other sources accepting it, etc. But fundamentally, over the long haul expect it go up. Said this in 2010, 2014, 2017, and again in 2021. Buy & hold, if it goes to 0 life moves on. Though, I personally believe the floor is too strong and invested now to drop to 0, but wouldn't shock me to see it hit 4 digits in a massive crash if rates rise overnight. First thing folks will liquidate is cryptos. But still believe at the end of it, it lasts.
Well said. I believe the Oracle of Omaha said something similar. He has 2 rules of investing:Originally Posted by pumpernickel
Rule 1- Never lose money.
Rule 2- Never forget Rule 1.
In other words, be in it for the long-term and stick with proven winners.
Most crypto exchanges are shady af. Outrageous fees, difficult transfers, etc.
Use your play money and gamble with crypto.
Use your real money to invest in stock, real estate, precious metals...
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Would it be fair to say that "Thai Bebe" is the "Bitcoin" of Houston independents??
She appears to be the one everyone is buying.
Personally I dont like digital currencies. Cryptocurrency first of all is not tied to any valued asset and is totally decentralized. In addition to there being no standard yet and WILD speculation on which one will win it's simply too volatile and risky.
The entire idea around it is really shady too not unlike what Ben mentioned above. Cryptominers basically buy up all these massive computing clusters so they can add new blockchain nodes, effectively "printing" new currency.
This situation is ripe for meddling with currency valuation. In fact, the massive speculation among investors, and the miners who are manipulating the market, is doing exactly that.
Many of you may not know it but due to the pandemic (which already caused supply issues worldwide) as well as all the speculative miners out there, meaning those who buy up massive loads of compute clusters, typically in the form of 20-30+teraflop video cards, have utterly destroyed the PC gaming market and custom/hobbyist PC builder market. Seriously. It has ruined that industry and the scalpers are holding what inventory is available hostage on eBay and other places for 3-5 times the MSRP. All b/c of ridiculous and absurd speculation over digital currencies and hoping they can "mine their way to a fortune".
You see, it's not just the speculation of investors. Let's use an analogy to drive this idea home. Let's compare it to the traditional stock market. We all know the market is also highly speculative. Right?
However, imagine if you could also influence the stock market itself by essentially "printing" up your own stocks purchases.
That is exactly what crypto miners are doing. They are in essence "printing money" by using compute power. However, the printing is very difficult and takes lots of time and tons of complicated mathematical operations to add new currency nodes. It's not only speculation on the investing side. There is the actual "mining" speculation as well (the computing new currency/blockchains).
I'm extremely dubious of cryptocurrencies as our monetary or economic future. Compute power has no upper bound. And furthermore b/c the "mining" is a mathematical process and not a physical process of work to find a jewel or something of value (for example), or to create something of true value, it leaves me with serious concerns. One could even [eventually] foresee (it's within the realm of possibility) a way to hack the market or manipulate, or "mine", it with fake currency.
If you want to invest in it now I'd keep it very minimal. I'm not sold that cryptocurrency is here to stay (not in this form anyway). Beyond that there is the issue of which technology will win if it in fact does stick around. Just be careful. This is a highly volatile market and technology.
-MG
Actually crypto.com ( or its app) charges 0 fees for your first 30 days and 1% therafter..
While i agree if you didnt buy in dodge early on your not going to see a big profit for awhile.. But its rival shiba inu is less then a penny and has seen huge gains even compared to dodge coin ( why because shiba already runs on proof-of-stake which is what elon is attempting to do with dodge less energy is used to mine less fossil fuel) so i went in 2 mill shares of that if it ever reaches a penny im good ... Will sell of half at 10k and hodl the rest..
But i also invested in Amc which has turned out to be quite a good investment i bought in at the dip of 9.00 bought 50 shares and today its up to 15. Soo im quite proud of myself for believing in the power of cinema ��.. As pandemic and mask restrictions are lifted it can only go up as long as there are children and teens the big screen will always be around.. So i feel this was a smart long term investment.. But always open to opinions here ..
But with crypto its best to buy in early get a couple mill shares then simply let it go stop watching check back in a few months..but if you look at crypto across the chart their patterns are almost identical which leads me to believe a major move is about to happen..
Last edited by lovelyxxxo; 05-18-2021 at 10:10 AM.
Remember, the effort has to go into the art, not the wave
Everybody talking 'bout they own their masters
But if your "art" don't age well, it don't matter
It's like you own a hundred percent of nothing
Know your value
☆☆☆☆☆Hosting in upscale private incall in West Houston ☆☆☆☆☆
Does not entertain/accomodate:bbfs,ff,dt,greek,disrespectful or aggressive gentlemen. ANY ATTEMPT TO DISREGARD WILL RESULT IN FULL FEE DUE AND FORFEITING REMAINING TIME.YOU HAVE BEEN WARNED..
Tesla supposedly made $101 million off their sale of Bitcoin.
If all is true that is being reported, it says Tesla made more money selling bitcoin in the first quarter than cars.
That's a lot of money for something that is supposedly one giant fraud.
Just like with the stock market, money can be made on this. I know, because I too, have made some myself.
To say...invest in stocks, land, and whatever else, and to say cryptos are for fools just because it doesn't fall in with a particular line of thinking, is shortsighted and dumb.
Ten years ago electric vehicles were laughed at. Now every carmaker out there is making them.
You go into certain countries in the world, and they take many different currencies for payment.
A transvestite may become the next governor of California. Impossible 50 years ago.
So who really knows...
Good luck with the stock market. It's a much more stable situation than cryptos...wink, wink...
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