thebruce44
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Everything posted by thebruce44
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The purpose is to make money right? How do I make money if the exchanges are taking high transaction fees? That's going to discourage me from making trades. Or is the idea that it's fine because we're not talking about 10% gains here, we're going for 100% or 1000%? What's clear to me is that these exchanges are making absurd amounts of money right now by siphoning off transaction fees. Sites I've never heard of are buying naming rights to arenas? That's just wild. The people getting rich off this seem to be the ones that are controlling the marketplace, and it's so unregulated that they can basically do whatever they want. The Michael Lewis book about this era is going to be something. Thanks for those links -- GAME05. There's a ton to digest. I don't even know where to start. Honestly it seems like it would be a better use of my energy to just create my own altcoin, that seems like a better use of my energy. Get ready for BF.net coin or something... As far as I can tell, the FIAT onramp I used, Coinbase Pro, has a .5% fee (less if you are sending more money). A quick google of an EFT fee shows a yearly .95% expense ratio. For someone like me who plans to hold for more than 5 years (I am in year 5), buying the actual crypto seems to make a lot more sense. Also, I can trade at any hour of the day. But again, whatever gets people into the space is a good thing. Also, the exchanges, like Coinbase and Gemini, are very regulated.
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Buy an ETF. There's several Bitcoin or blockchain ETFs (which are mostly composed of companies that hold a lot of Bitcoin/crypto) that move with the price of the big cryptos. That's a good idea, thank you. The ETF route just seems like the worst of both worlds, but if it is how someone is most comfortable dipping their toe in the pool, it serves its purpose.
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You still need a FIAT onramp to use a DEX, no? +1 for Coinbase Pro.
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My ETH purchases are up 10x and we are just getting started. I'm going to start pulling money out when it hits $6k. My guess is it peaks at $16k (something like going from 8k-16k in a week in Feb). I'm just sticking with the boring basics this cycle.
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I really enjoyed Dune and am happy to hear there will be a part 3. I haven't read a book in 10+ years, but would enjoy picking this one up once my kids get a bit older. For what its worth, my wife is not a sci-fi fan, but she really liked the movie too. She also thought Blade Runner 2049 was fantastic, so maybe it is more that she can appreciate great visuals even at a slower pace than the average movie goer.
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Saw it last weekend. It felt mostly like fanservice. Standing on its own, it was a pretty weak movie.
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Most of the analysts I follow are saying that the major melt up wont start for another month or two and the bull run will likely extend a couple months into 2022. This is based on the fact that long term investor accumulation was still peaking into the end of September. So now I'm wondering if the ETH merge will actually happen before the correction. I need to take some profits for an upcoming renovation, but I will likely change my overall strategy after that.
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This didn't age well!
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Hope everyone is nearly loaded up for the home stretch. https://mashable.com/article/twitter-bitcoin-tips-nfts-profile-pics
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The funny thing is, this is almost exactly what BTC did 4 years ago in September. This cycle is still eerily similar to the last one and whales are continuing to accumulate in anticipation of the next 3 months. Sept 2017 saw a crash below 3000, a solid run up in Oct back into price discovery, an early Nov correction to freak out the new investors from Oct, then the price went something like 5x in the next 5 weeks.
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SOL has been down for about 14 hours now. This is the 7th largest project by market cap and it would seem that it has some pretty serious flaws. I'd imagine the price is going to drop pretty dramatically once people are able to move their coins again.
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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?
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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.
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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.
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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."
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.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.
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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.
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Why not, I'll start a new thread.
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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.
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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?
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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.
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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.
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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.
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Use Coinbase Pro. Fees are dramatically cheaper.
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For BTC and current ETH, this is true. It wont be true much longer though for ETH or for a number of other projects.
