Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
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aualum06
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Watch Out Pylon!
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30 posters
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
steveschneider wrote:Watch Out Pylon! wrote:
Really solid year. Most of my money is in mutual funds. VINIX is one of my big hitters. +30% YTD. FLCNX is another in the 30% club. I'm sitting at +26% YTD. Outpacing the indices. I'll take it.
Congrats, that's incredible.
That's including my Bitcoin holdings which have fucked the dog all year. Honestly it's only about 0.25% of my holdings so it doesn't really affect me at all, just wanted to let Ty know that crypto is a turd in the punch bowl right now.
Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Watch Out Pylon! wrote:steveschneider wrote:
Congrats, that's incredible.
That's including my Bitcoin holdings which have fucked the dog all year. Honestly it's only about 0.25% of my holdings so it doesn't really affect me at all, just wanted to let Ty know that crypto is a turd in the punch bowl right now.
Yeah, I never understood that stuff and was terrified to put my money into it. I have a ten year rule where I have to have a pretty clear idea of where something will be in 10 years and with crypto currency I have no f'n clue where that stuff will be in ten years. I sincerely hope you guys make $$ on it and I know Nord was up pretty big with it a while back.
steveschneider- Spartiate
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
I have 90% of my portfolio in an S&P 500 index fund. 23% YTD for my first full year in the market.
Tim Wakefield- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Tim Wakefield wrote:I have 90% of my portfolio in an S&P 500 index fund. 23% YTD for my first full year in the market.
That's amazing. If you ever switch jobs roll it over into an IRA and that's where the fun begins.
steveschneider- Spartiate
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Bump. Might be a good time to buy.
Nordic- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Nordic wrote:Bump. Might be a good time to buy.
Hope you guys listened to Nordic. It's moving on up.
https://www.coindesk.com/price/bitcoin
Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Watch Out Pylon! wrote:Nordic wrote:Bump. Might be a good time to buy.
Hope you guys listened to Nordic. It's moving on up.
https://www.coindesk.com/price/bitcoin
KO is up to $59 dollars. I'm way up and the dividends are incredible.
steveschneider- Spartiate
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Bitcoin is tanking with every other thing in the world right now. You'd think this would be it's time to shine. Guess not.
Side note: I wonder how hard Ty is rooting for the coronavirus right now?
Side note: I wonder how hard Ty is rooting for the coronavirus right now?
Watch Out Pylon!- Geronte
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Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Should of tTy'ed it when I got in back in July 2017. I'm pretty sure tTy got in under $1k.
I moved all my LTC to BTC last weekend. Kept my ETH, for now, but probably should move that as well. My biggest problem is I moved all my BTC to a wallet on my lapper when it split, so I wouldn't miss out on the new crypto. Been sitting on an old laptop I haven't used for a couple of years. Decided this weekend I should probably move it back to Coinbase before I forget about it. Tried over the weekend and again today after seeing this thread and I can't figure out how to move it. I keep getting an "error: Server did not answer". No idea how to fix it.
I moved all my LTC to BTC last weekend. Kept my ETH, for now, but probably should move that as well. My biggest problem is I moved all my BTC to a wallet on my lapper when it split, so I wouldn't miss out on the new crypto. Been sitting on an old laptop I haven't used for a couple of years. Decided this weekend I should probably move it back to Coinbase before I forget about it. Tried over the weekend and again today after seeing this thread and I can't figure out how to move it. I keep getting an "error: Server did not answer". No idea how to fix it.
Nordic- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Nordic wrote:Should of tTy'ed it when I got in back in July 2017. I'm pretty sure tTy got in under $1k.
I moved all my LTC to BTC last weekend. Kept my ETH, for now, but probably should move that as well. My biggest problem is I moved all my BTC to a wallet on my lapper when it split, so I wouldn't miss out on the new crypto. Been sitting on an old laptop I haven't used for a couple of years. Decided this weekend I should probably move it back to Coinbase before I forget about it. Tried over the weekend and again today after seeing this thread and I can't figure out how to move it. I keep getting an "error: Server did not answer". No idea how to fix it.
Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Held on to roughly 20% of what I made back at the end of 2017. It's been doing fuckall for the last three years. Let's speculate bitches!
Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
I’m glad I’m a poor who only has a couple 403’s some college shit and a pension. I tried to read Nordics stuff and I know why I’ll never be wealthy. It was like reading Latin.
Good luck with that stuff.
Good luck with that stuff.
DWags- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Watch Out Pylon! wrote:Held on to roughly 20% of what I made back at the end of 2017. It's been doing fuckall for the last three years. Let's speculate bitches!
My strategy remains unchanged from 2017. Buy it and forget about (well hopefully not totally forget about it).
We need tTy back for the speculation.
Nordic- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
DWags wrote:I’m glad I’m a poor who only has a couple 403’s some college shit and a pension. Â I tried to read Nordics stuff and I know why I’ll never be wealthy. Â It was like reading Latin.
Good luck with that stuff. Â
I don't know shit dwags. I leave it up to the professionals. I have one dude that handles my SEP (basically a 401K) and one dude that handles all my other shit. I keep them separate in case one fucks up. After that I buy some random shit on my own like crypto to gambol.
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DWags likes this post
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Going Parabolic! When is tTy's ban over?
Nordic- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Fuckin' rocket ship to the moon boys!
Watch Out Pylon!- Geronte
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CORNER BLITZ- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Nearly +4% in 24 hours. Let's keep riding this wave baby!
Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
I'll try my best Ty impersonation, minus all the horrible qualities he has. Well, mostly...
I fucking told you pussies. No one listened. Shit is BLOWING UP! I just converted my whole portfolio over to BTC. LAMBO MOTHERFUCKERS!
I fucking told you pussies. No one listened. Shit is BLOWING UP! I just converted my whole portfolio over to BTC. LAMBO MOTHERFUCKERS!
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Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
I'm too much of a wimp to get back into crypto
Tim Wakefield- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Beyond 2020, bitcoin and cryptocurrency investors are almost universally bullish—with many expecting bitcoin to to climb far higher than ever before.
"Bitcoin could hit $45,000 within the next couple of years," Balina said, pointing to the development of central bank digital currencies as something that he thinks could push up the bitcoin price over the long term.
https://www.forbes.com/sites/billybambrough/2020/11/17/bitcoin-has-suddenly-shot-toward-its-20000-all-time-high-but-now-might-not-be-the-time-to-buy-heres-why/?sh=1379a0727637
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
As you can see, this has a ways to go before it goes mainstream.
Also, with today's Bitcoin valuation this guy paid $740 for Subway.
Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Watch Out Pylon! wrote:
As you can see, this has a ways to go before it goes mainstream.
Also, with today's Bitcoin valuation this guy paid $740 for Subway.
Is Bitcoin the Subway of digital currencies?
Turtleneck- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Turtleneck wrote:Watch Out Pylon! wrote:
As you can see, this has a ways to go before it goes mainstream.
Also, with today's Bitcoin valuation this guy paid $740 for Subway.
Is Bitcoin the Subway of digital currencies?
More like Chick-Fil-A. Some people REALLY like it but no one really knows why.
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Watch Out Pylon! wrote:
As you can see, this has a ways to go before it goes mainstream.
Also, with today's Bitcoin valuation this guy paid $740 for Subway.
Its absurd. Mine is stuck in a wallet in old lapper and can't get it out. Need to a little research one of these days.
Nordic- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Watch Out Pylon! wrote:
As you can see, this has a ways to go before it goes mainstream.
Also, with today's Bitcoin valuation this guy paid $740 for Subway.
If he was in front of me he’d have got a free sandwich cause I’d have got so pissed that after a while I’d have just said, “put that shit away I’ll buy your fucking sub”
DWags- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
I have $100 in from a deposit I made for a sportsbook when I didn't roll the entire deposit into the book. Are you saying I should add like 100x more?
WhiteBoyHatcher- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
WhiteBoyHatcher wrote:I have $100 in from a deposit I made for a sportsbook when I didn't roll the entire deposit into the book. Are you saying I should add like 100x more?
Fuck if I know dude. For my own selfish interests though, FUCK YEAH! Everyone should be buying up as much as they can. We're not stopping until $50k!
Watch Out Pylon!- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Watch Out Pylon! wrote:WhiteBoyHatcher wrote:I have $100 in from a deposit I made for a sportsbook when I didn't roll the entire deposit into the book. Are you saying I should add like 100x more?
Fuck if I know dude. For my own selfish interests though, FUCK YEAH! Everyone should be buying up as much as they can. We're not stopping until $50k!
Let's go! Daddy needs a Lambo! Or some new floor mats for my truck.
Nordic- Geronte
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
WhiteBoyHatcher wrote:I have $100 in from a deposit I made for a sportsbook when I didn't roll the entire deposit into the book. Are you saying I should add like 100x more?
Honestly WBH, just read through this thread and you'll get a sense of how volatile BTC is. Everything I have in on it now is "fun money". Right now it's about 0.5% of my portfolio. Still fun watching it go up right now though.
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
Bitcoin Hits High of $19,850 as Doubters Become Believers -- Barrons.com
BY Dow Jones & Company, Inc.
— 4:12 PM ET 11/30/2020
Bitcoin soared to an all-time high on Monday, hitting $19,850 in the morning before again slipping below $19,500 by the afternoon.
It has nearly doubled in just the past two months. The cryptocurrency has been boosted by a flurry of endorsements from traditional investors, favorable government policies, and expanded access on investment apps, as Barron's noted this weekend.
Even traditional investors who had long spurned or ignored Bitcoin have begun reconsidering. New buyers tend to view the digital asset as a hedge against currency devaluation at a time when governments have loosened monetary policy to deal with the coronavirus. It doesn't bother many bulls that Bitcoin remains mostly useless as a currency. Its role as an asset appears to be enough.
Scott Minerd, the global chief investment officer at Guggenheim, appears to be warming to Bitcoin. The Guggenheim Macro Opportunities Fund , with more than $5 billion in assets under management, said in a regulatory filing that it may invest up to 10% of its net asset value in Grayscale Bitcoin Trust (GBTC) , a stock-like security that tracks the price of Bitcoin.
Bernstein analyst Inigo Fraser-Jenkins, co-head of the portfolio strategy team, wrote on Monday: "I have changed my mind about Bitcoin's role in asset allocation. In January 2018 we declared that it had no such role. But actually, maybe we have to admit it does. What has changed is the policy environment, debt levels and diversification options for investors post the pandemic."
One reason that analysts are changing their minds about Bitcoin is that it may serve to balance portfolio exposure for some investors. Stocks are trading at high valuations, so it makes sense to hedge exposure to them. But bonds and Treasuries have also rallied, and are trading with such low yields that there's not much reward for the risk that investors are taking on.
Gold has also risen in recent months and is trading near a 50-year high relative valuation to other commodities, according to Jim Paulsen, the chief investment strategist at the Leuthold Group.
Paulsen recommended on Monday that clients consider Bitcoin as a way to balance their portfolios. He is impressed with how uncorrelated it has been to other assets -- both stocks and things like bonds and gold. "The thing is, Bitcoin has risks, but today, so do most of the other balanced portfolio alternatives," he wrote.
He explained more in a follow-up email to Barron's.
"I still don't really understand what drives Bitcoin but I am finally willing to recognize that its short history yields some beneficial attributes which I can't find elsewhere," Paulsen wrote. "And, unlike other balance possibilities, I am not looking to 'buy and hold' Bitcoin (would need to understand it better to do that), but rather looking to exploit its excessive volume in order to improve the workings of a traditional balanced portfolio in a way which is not possible if utilizing only traditional assets. My point essentially is that I am not really attracted per se to Bitcoin fundamentally, but rather only its 'interactive' character (including its unique excessive volatility) with stocks and other traditional assets."
TL;DR Bitches be speculating.
BY Dow Jones & Company, Inc.
— 4:12 PM ET 11/30/2020
Bitcoin soared to an all-time high on Monday, hitting $19,850 in the morning before again slipping below $19,500 by the afternoon.
It has nearly doubled in just the past two months. The cryptocurrency has been boosted by a flurry of endorsements from traditional investors, favorable government policies, and expanded access on investment apps, as Barron's noted this weekend.
Even traditional investors who had long spurned or ignored Bitcoin have begun reconsidering. New buyers tend to view the digital asset as a hedge against currency devaluation at a time when governments have loosened monetary policy to deal with the coronavirus. It doesn't bother many bulls that Bitcoin remains mostly useless as a currency. Its role as an asset appears to be enough.
Scott Minerd, the global chief investment officer at Guggenheim, appears to be warming to Bitcoin. The Guggenheim Macro Opportunities Fund , with more than $5 billion in assets under management, said in a regulatory filing that it may invest up to 10% of its net asset value in Grayscale Bitcoin Trust (GBTC) , a stock-like security that tracks the price of Bitcoin.
Bernstein analyst Inigo Fraser-Jenkins, co-head of the portfolio strategy team, wrote on Monday: "I have changed my mind about Bitcoin's role in asset allocation. In January 2018 we declared that it had no such role. But actually, maybe we have to admit it does. What has changed is the policy environment, debt levels and diversification options for investors post the pandemic."
One reason that analysts are changing their minds about Bitcoin is that it may serve to balance portfolio exposure for some investors. Stocks are trading at high valuations, so it makes sense to hedge exposure to them. But bonds and Treasuries have also rallied, and are trading with such low yields that there's not much reward for the risk that investors are taking on.
Gold has also risen in recent months and is trading near a 50-year high relative valuation to other commodities, according to Jim Paulsen, the chief investment strategist at the Leuthold Group.
Paulsen recommended on Monday that clients consider Bitcoin as a way to balance their portfolios. He is impressed with how uncorrelated it has been to other assets -- both stocks and things like bonds and gold. "The thing is, Bitcoin has risks, but today, so do most of the other balanced portfolio alternatives," he wrote.
He explained more in a follow-up email to Barron's.
"I still don't really understand what drives Bitcoin but I am finally willing to recognize that its short history yields some beneficial attributes which I can't find elsewhere," Paulsen wrote. "And, unlike other balance possibilities, I am not looking to 'buy and hold' Bitcoin (would need to understand it better to do that), but rather looking to exploit its excessive volume in order to improve the workings of a traditional balanced portfolio in a way which is not possible if utilizing only traditional assets. My point essentially is that I am not really attracted per se to Bitcoin fundamentally, but rather only its 'interactive' character (including its unique excessive volatility) with stocks and other traditional assets."
TL;DR Bitches be speculating.
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Re: Introducing Ethereum (Bitcoin but better...or worse...depends on who you ask)
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