re: Official CryptoTalk Thread

Posted by keakdasneak

Member since Dec 2006

7194 posts

Posted on 3/17/21 at 1:56 pm to TigerTatorTots

quote:
Hey so maybe this will get buried but are yall buying bitcoin right now?
Haven't stopped

Never will stop

But I will say that after being crushed by playing too much in 2017 that I'm starting to dip back into some alts

Posted by rocket31

Member since Jan 2008

41887 posts

Posted on 3/17/21 at 2:01 pm to GeauxTigersGo

btc. eth. link. ada.

seem to be the top 4 on here

2 ...

Posted by 21JumpStreet

Member since Jul 2012

14873 posts

Posted on 3/17/21 at 2:20 pm to rocket31

Bnb 2/3 for me. You?

2 ...

Posted by rocket31

Member since Jan 2008

41887 posts

Posted on 3/17/21 at 2:22 pm to 21JumpStreet

btc bnb icx are all I have right now

Posted by Iowa Golfer

Heaven

Member since Dec 2013

10607 posts

Posted on 3/17/21 at 2:27 pm to rocket31

NTY. Anyone buy options on the crypto? I've started to do this. If you're long, the contract settle in BTC (as an example), and if you're short, they settle in USD. I'm playing around on LedgerX before I graduate to full BTC contracts and options on contracts (5 BTC per contract).

2 ...

Posted by GeauxTigersGo

Member since Dec 2009

1899 posts

Posted on 3/17/21 at 2:29 pm to 21JumpStreet

mostly in stocks, but moving over to btc... just didn't know if the cryptoCrew was doing same or buying something else

Posted by Douglas Quaid

Mars

Member since Mar 2010

4120 posts

Posted on 3/17/21 at 2:44 pm to GeauxTigersGo

60% - IOTA
25% - BTC
15% - ETH, LINK, ADA, BAT, MANA

I like to live dangerously.

Posted by Douglas Quaid

Mars

Member since Mar 2010

4120 posts

Posted on 3/17/21 at 2:48 pm to Iowa Golfer

quote:
buy options on the crypto? I've started to do this

No, this guy likes to live dangerously.

Posted by 21JumpStreet

Member since Jul 2012

14873 posts

Posted on 3/17/21 at 3:07 pm to GeauxTigersGo

I am. Only stocks I have is in 401k,roth,hsa

Posted by civilag08

Member since Feb 2011

823 posts

Posted on 3/17/21 at 4:00 pm to GeauxTigersGo

both: BTC and alt coins. It seems that Alt coins generally trend in the same direction as BTC over time. Short term I've seen some huge moon shoots that I wish I were apart of but wasn't.

For the Alt Coins, I like a lot of them long term.

Cardano (ADA), Chainlink (LINK), Stellar-Lumens (XLM), Tezos (XTZ), Digibyte(DGB) are just a few that I've looked into.

I particularly like the speed and low transaction cost of XLM, DGB, and XTZ. If I had to pick a favorite, it may be Tezos (XTZ)? because it is fairly fast, low transaction cost, can be moved to cold storage and staked safely with a bunch of interest.

I plan on looking into others over time because there are so many projects that will likely catch on and many others that may fade away.

Posted by CE Tiger

Metairie

Member since Jan 2008

41893 posts

Posted on 3/17/21 at 4:31 pm to civilag08

98% Link
2%: VET, eXRD, BNT, DIP

Posted by Ross

Member since Oct 2007

47827 posts

Posted on 3/17/21 at 4:41 pm to GeauxTigersGo

quote:
Hey so maybe this will get buried but are yall buying bitcoin right now? or only alt coins?

Just curious.

You can’t go wrong with dollar cost averaging. I buy a little every single day.

Posted by SUG

Member since Nov 2015

667 posts

Posted on 3/17/21 at 4:43 pm to CE Tiger

41% BTC
18% ADA
12% ETH
5% DOT

24% around 15 shitcoins

Posted by 21JumpStreet

Member since Jul 2012

14873 posts

Posted on 3/17/21 at 5:12 pm to SUG

66% btc
33% bnb,ada,enj,chz,dego(1 moon shot)

I switch the 34% too damn often though

Bi monthly contributions

This post was edited on 3/17/21 at 5:13 pm

Posted by WG_Dawg

Member since Jun 2004

89844 posts

Posted on 3/17/21 at 5:23 pm to Ross

quote:

You can’t go wrong with dollar cost averaging. I buy a little every single day.

Explain this to me like I'm a child. I understand the overall concept I guess, like if you spend $20 on something for 5 days your average cost may be lower than had you just had a one time purchase of $100, but why does that matter? Is this only relevant for people wanting to make short term trades so they can know when to sell for a profit? Would this matter at all to long term holders?

Posted by ronricks

Member since Mar 2021

11245 posts

Posted on 3/17/21 at 5:33 pm to GeauxTigersGo

quote:
Hey so maybe this will get buried but are yall buying bitcoin right now?

All I have is BTC, LINK, XTZ

I buy BTC at 75% and LINK at 25% weekly with extra money that I am not putting in my 401k or Roth. I probably need to get some ETH to add a 4th product.

Posted by Ross

Member since Oct 2007

47827 posts

Posted on 3/17/21 at 5:48 pm to WG_Dawg

It removes the psychology of trying to time the market and allows you a potential lower entry point than if you put it all in at once.

Plus, it allows you to spread out your investments in a more predictable manner.

I combine DCA with investing heavy during big dips, and it has helped me feel very at peace with all of my investments.

This post was edited on 3/17/21 at 5:53 pm

Posted by finchmeister08

Member since Mar 2011

39886 posts

Posted on 3/17/21 at 7:57 pm to WG_Dawg

quote:
it seems like with the amounts that I buy for the difference in fees is a few bucks which is irrelevant.

it might not mean that much now, but $3.50 might mean $100,000 20 years from now.... maybe.

THIS IS NOT FINANCIAL ADVICE