thebruce44

Sorry, but is the bolded part in response to a particular post? Maybe if we can define the question we can work on a response. Honestly, I feel like you want to just come out and say something. What is your main point in this post?

To me that's the big mystery -- what problem is crypto trying to solve? Certainly not banking transactions since the current system processes a billion of them per day quite efficiently while crypto is doing a couple hundred thousand at a prohibitive cost per transaction. This is quickly apparent if you actually try and create your own wallet and buy bitcoin with cash. Almost nobody does this because it's easier to just "buy" crypto credits with Robinhood or Coinbase. Anyway, that's all totally fine, there is plenty of profit to be made and you just have to jump ship before the whole thing crashes down. Buy the dip and HODL! The message attached to the BTC genesis block reads: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. Hopefully that helps answer your question of what cypto is trying to solve. We can certainly argue how effective BTC is solving the issue currently, but that is a separate discussion.

Based on the bold part above, you are doing better than most newish investors and teaching your students well by example. Regarding your other questions, yes- everything at the moment it tied to BTC and its cycles. Altcoins also rise and fall based on BTC for a variety of reasons- I'd be stupid to try to explain my understanding of this to you since you are an econ teacher. My expectation is that we will see ETH pass BTC sometime in late 2022 or early 2023 and the volatility will calm down.

This is one of the main reasons I don't invest in crypto - there is no protective moat. Anybody can make them. That's the one big difference with the gold comparison - gold has a big protective moat. You can't make it. Can you elaborate on this thought and how it applies to Cardano? While I am not a fan of Charlies Hoskinson's shilling, it would be incorrect to say that he is not insanely intelligent. He isn't just "anybody."

.13 to 3 this year. Pretty amazing. I am not a fan of ADA long term as I don't trust it's founder. I am happy for those that have invested in the project though and am seeing these returns.

This is a break of from the Investment thread to focus more specifically on Crypto technology and investment. Today was a good day, with ETH rising over 10% and many alt coins doing even better. BTC is being drug up as well. If history repeats itself, we are entering the strong bull run to close out the year. Most coins are still below the all time highs they hit a couple months back, but the recent increases are very encouraging. *As a general disclaimer, nobody should disclose how much they own or have invested and none of this is investment advise- these markets are very volatile.

Why not, I'll start a new thread.

You're completely out? Oh man, if you look at historical data, especially by month, things could just be getting started. I still think $200k+ BTC and $20k ETH is possible in this cycle and am holding to my original plan.

My main concern with the MCU now is that I am completely lost and don't know how or have the time to get caught back up. So now Loki and Vision are alive, John Snow is part of a group where he is pretty much still just John Snow while the rest of the group can fly, teleport, and change matter...and there is a cartoon where everything is reimagined? Do I have any of that right?

I think it is a bump in the road. Basically manipulation by the wealthy so that the top can blow off properly towards the end of the year. At least, that is exactly what happened in 2017. But, if it is the drop and we are back into a bear market for BTC, ETH has some stuff going for it compared to the last bear market. I'll happily stake my ETH and wait until the next cycle while ETH slowly increases from becoming deflationary and moving to POS.

ETH closed the month at a loss. Hopefully this reset gets us into the big run up. With the delay to EIP-1559, who knows what the timing will look like.

I bought more ethereum when it dipped to 1860. I am still up from when I bought so I am good. I also bought some Cardano but timed it wrong and bought at 1.68. Missed the bottom by about 45 minutes late stupid emergency meeting at work cost me about $2500. Oh well I'll just hold this one for longer than I wanted to originally. I'm not putting any more in because we are purchasing a house today that will need a renovation. I lost *a lot* of money on paper this week, but that's okay. I am still up from this time last month and I think we are only half way through the cycle. If anything, I could see ETH leading the way in the second half and we may finally get the flippening as defi starts to get attention with the general public. There are going to be some great returns outside of the traditional routes.

Use Coinbase Pro. Fees are dramatically cheaper.

For BTC and current ETH, this is true. It wont be true much longer though for ETH or for a number of other projects.

Yup, look back on this thread and you will see quite a few posts. What are you holding? I've got a bit of BTC, but mostly ETH and IOTA.

Are you using Coinbase Pro? The fees are very minimal and the interface is much better than Binance.

Why, what's wrong with Coinbase?

I've litterally never watched a Youtube video on Crypto investing. I don't think I will be changing that anytime soon. Here is a copy and paste of the best advice I have seen on Reddit:

No worries, I'm by no means an expert. This new craze is going to result in lots of new use cases and ultimately money coming into the crypto world. I thought this cycle would be driven mostly by decentralized finance, but if NFTs do it, that works too.

I can explain what an NFT is, but I can't explain why someone would pay that much for a video- they are two separate discussions. NFT stands for Non-fungible Token. Fungible means mutually interchangeable. As an example, a Bitcoin is fungible. If you have a Bitcoin and I have a bitcoin, we could exchange them and each still have the same value. We could also break our Bitcoin down- I could sell you half of my Bitcoin for an agreed upon price. NFTs code the token to remove those capabilities. Maybe I am not wording that right, but the way I think about it is that I could say "this one particular Bitcoin is equal to my car. It digitally represents my car." I could transfer that Bitcoin to you and it would convey transfer of ownership. Anyone in the world would be able to look on the blockchain and see that you now own that car. Of course, everyone has to agree to this system of ownership- but that is similar to how a paper deed or pink slip also conveys ownership even though it is just a paper. So here is where NFTs get interesting and potentially disruptive. You can now transfer ownership in a much more efficient, decentralized, and secure fashion that previously possible. I hate buying concert tickets from Ticketmaster. $60 tickets end up costing $100 with a variety of markups. So someone could build a decentralized ticket exchange market. In fact, a band could issue their tickets through the decentralized exchange and put parameters on those tickets on how they can be purchased and transferred. As to why someone would pay x amount for something- tokenizing something does create scarcity. Someone has decided that a video or some digital art is worth paying x amount, and so that is what it is selling for.

I haven't seen that. Rather I've seen people saying, myself included, this correction is similar to corrections that took place throughout the last run up in 2017 and is similar to a couple that have happened this cycle. I suspect we will have 1 or 2 more before the peak. ETH is 15% off its ATH and is actually up 6.25% for the last 30 days. In the last 3 months it is up 190%. I actually just bought more since I finally got my Q4 2020 bonus. Hopefully back into price discovery in the next week or two.

Yep ... should probably serve as a warning to those pushing for the Brewers to trade Hader. They'd probably be lucky to get 1-2 prospects back the caliber of Diaz and Harrison, let alone a Top 25 MLB prospect like Brinson was at the time. Ironic considering all of the success these two franchises have had over the years trading proven talent for prospects. But I suppose that is all invalidated by this singular example.

Oh yeah, I'm down over 25% on my crypto portfolio, but about break even for the week. Fun times.

Not having liquidity is your choice. You could refinance, just like how you could sell a stock to realize the gains.

I live in a condo community in Waukesha. Last year, I had six neighbors who had lived here fewer than four years sell their property at a gain that computes to an annual 6%-8%. I will be listing soon, and I would love for my place to have appreciated at an annual 6%. But near north Chicago isn't quite as hot with all of the restaurants shut down and all of the riots/looting last summer. I think I'm far enough away, but 6% ARR from when I bought it four years ago would be an absolute dream... it's what I would need in order to not lose money on it, given all of the repairs. I just sold a 3 flat in Bridgeport at an annual 11% return. Not apples to apples though as I did some renovations in addition to repairs, but the neighborhood in general appreciated handsomely. I'd imagine the north side is similar.