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Started By
Message
re: Official CryptoTalk Thread
Posted on 5/9/24 at 9:34 am to NOLAManBlog
Posted on 5/9/24 at 9:34 am to NOLAManBlog
quote:
memes do you hold and why
2
Posted on 5/10/24 at 10:11 am to bayoubengals88
wtf was that for
Posted on 5/10/24 at 10:36 am to QboveTopSecret
This post was edited on 5/10/24 at 10:36 am
Posted on 5/10/24 at 10:47 am to RATeamWannabe
I didn’t see any news, probably a whale
Posted on 5/10/24 at 10:51 am to QboveTopSecret
$PEPE is def an ETH coin, not Solana
Posted on 5/14/24 at 10:34 am to NOLAManBlog
Posted on 5/14/24 at 10:40 am to I Love Bama
Y'all think the resurgence of Game Stop may affect some of the meme cryptos like SHIB?
Posted on 5/15/24 at 8:57 am to Pierre
Frog cycle apparently
Posted on 5/15/24 at 2:35 pm to I Love Bama
It's just beanie baby tulips.
Posted on 5/16/24 at 5:34 pm to Pierre
quote:
Y'all think the resurgence of Game Stop may affect some of the meme cryptos like SHIB?
This is just my personal preference, but when I buy meme's, I only buy the ones that haven't ran already.
Posted on 5/16/24 at 5:43 pm to I Love Bama
quote:
And money talk still thinks its worthless.
So true. Every day it seems another giant in the financial industry announces they are joining the Bitcoin bandwagon. It's getting to be more and more like a feeding frenzy.
The Chicago Mercantile Exchange (CME) announced today that they have plans to make the Bitcoin Spot ETFs available for trading on their exchange.
As Michael Saylor says "Everyone deserves the price they pay for Bitcoin". Bitcoin haters are going to be left out in the cold.
Posted on 5/16/24 at 5:44 pm to 98eagle
quote:
The Chicago Mercantile Exchange (CME) announced today that they have plans to make the Bitcoin Spot ETFs available for trading on their exchange.
Saw that. Coinbase is going to get left out in the cold it looks like.
quote:
It's getting to be more and more like a feeding frenzy.
Perfectly said.
Posted on 5/16/24 at 5:51 pm to I Love Bama
So is standard practice still to buy actual BTC and store in your personal wallet or are we going with ETFs these days?
Posted on 5/16/24 at 6:02 pm to JohnnyKilroy
For the average person, I think the ETFs are fine. IBIT has the lowest expense ratio.
Buying bitcoin and holding it on your own wallet is by far the preferred method (not your keys, not your coins) but there is a learning curve and i've seen many people struggle with it.
Buy a hardware wallet and just play with $10-30$ sending it around and then if you get comfortable you can make real BTC purchases once you understand.
Buying bitcoin and holding it on your own wallet is by far the preferred method (not your keys, not your coins) but there is a learning curve and i've seen many people struggle with it.
Buy a hardware wallet and just play with $10-30$ sending it around and then if you get comfortable you can make real BTC purchases once you understand.
Posted on 5/16/24 at 6:29 pm to JohnnyKilroy
Why not both? Actually there are 3 categories of Bitcoin investments.
I'm an advocate for owning Bitcoin directly, owning the Spot Bitcoin ETFs, and learning how to take advantage of Bitcoin Futures/Options/Derivatives.
Bitcoin is great for holding for long term performance and security against the increasingly failing FIAT and economy.
The Spot ETFs are great for IRAs and 401Ks. They do what Bitcoin can't and that is to trade without immediate tax implications within Traditional and Roth IRAs and 401Ks.
Going one step further, I also recommend owning and trading Bitcoin derivatives like BITX and BITO. BITX makes a great play on volatility and BITO has been paying massive distributions.
I'm an advocate for owning Bitcoin directly, owning the Spot Bitcoin ETFs, and learning how to take advantage of Bitcoin Futures/Options/Derivatives.
Bitcoin is great for holding for long term performance and security against the increasingly failing FIAT and economy.
The Spot ETFs are great for IRAs and 401Ks. They do what Bitcoin can't and that is to trade without immediate tax implications within Traditional and Roth IRAs and 401Ks.
Going one step further, I also recommend owning and trading Bitcoin derivatives like BITX and BITO. BITX makes a great play on volatility and BITO has been paying massive distributions.
Posted on 5/16/24 at 6:40 pm to I Love Bama
Oh yea I already have a hardware wallet. Haven’t really kept up with the etfs and stuff.
Had been buying on CB then transferring to hardware wallet but stopped buying last year due to short term risk tolerance changes.
Wasn’t sure if that was still best practice or if etfs were the new wave
Had been buying on CB then transferring to hardware wallet but stopped buying last year due to short term risk tolerance changes.
Wasn’t sure if that was still best practice or if etfs were the new wave
Posted on 5/16/24 at 6:46 pm to 98eagle
quote:
BITO has been paying massive distributions
Can BITO go to 0 or have a massive drop relative to BTC price?
Posted on 5/16/24 at 7:09 pm to tenderfoot tigah
quote:
Can BITO go to 0 or have a massive drop relative to BTC price?
If Bitcoin goes up, BITO goes up. If Bitcoin goes down, BITO goes down. BITO tracks Bitcoin very much like the Spot Bitcoin ETFs, but like all derivatives it usually does experience a small degree of decay every time ProShares rolls it's current futures contracts to new futures contracts (typically monthly or more). The recent monthly distributions way more than make up for the annual fee (0.95%) and decay.
Posted on 5/18/24 at 8:45 am to NOLAManBlog
quote:
Which Solana memes do you hold and why
TREMP
BODEN
USA
COST
WIF
CHEEPEPE
I don't really have a good reason to hold these. I just follow what's trending, and hope for the best. I do think the upcoming election will shine some light on the first 3 listed. As far as COST, I mean who doesn't love a Costco hot dog? WIF has been around a while, and CHEE was a drop that I received, and have just added to it along the way.
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