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Started By
Message
re: Official CryptoTalk Thread
Posted on 3/20/21 at 11:03 am to 21JumpStreet
Posted on 3/20/21 at 11:03 am to 21JumpStreet
I think there is merit in this line of thinking, and I own both (mostly silver). The gains in BTC warrant purchasing protective puts. The gains in silver, although very positive, do not. I should add, I'm not 100% well versed on crypto, and this makes me more conservative, and less comfortable. This said, I was able to buy protective puts, settlement guaranteed by the clearing house, for much less than I would be able to do this on silver. Not that there wouldn't be other ways to hedge, or insure the silver gains, but the fact I could lock BTC gains has made me more aggressive with crypto speculation.
Which is exactly what I'm doing this morning. Day trading Orchid, Ether and Yearn. Mostly playing around with smaller amount, and trying to learn the markets.
Which is exactly what I'm doing this morning. Day trading Orchid, Ether and Yearn. Mostly playing around with smaller amount, and trying to learn the markets.
This post was edited on 3/20/21 at 11:04 am
1
Posted on 3/20/21 at 11:10 am to Iowa Golfer
Yea, i didn't dismiss it. I keep an open mind now. Especially since he was one I did not listen to about bitcoin 1.5 years ago.
Posted on 3/20/21 at 11:30 am to 21JumpStreet
I’m of the opinion that gold/silver moved in line with the deflation trade (big tech) which peaked in August. FAANGM + gold/silver was the safest place to be when we couldn’t see light at the end of the tunnel.
Bitcoin has moved with the inflation trade (cyclicals / UST yields) which have been on a moonshot since the election with with big tech roughly stuck the last 7 months.
I personally find no reason to be in gold/silver given my personal basket of crypto and stocks I hold, but I understand this is a very emotional topic for boomers and there are diverse opinions on the matter.
Bitcoin has moved with the inflation trade (cyclicals / UST yields) which have been on a moonshot since the election with with big tech roughly stuck the last 7 months.
I personally find no reason to be in gold/silver given my personal basket of crypto and stocks I hold, but I understand this is a very emotional topic for boomers and there are diverse opinions on the matter.
Posted on 3/20/21 at 11:41 am to maclauer
quote:
most cases you’d be better off buying on coinbase pro and transferring to celsius rather than paying the celsius partner fees buying direct on their app
Yea. I only looked at it because Eth gas fees have been crazy high.
Posted on 3/20/21 at 11:54 am to tigermed
quote:
Yea. I only looked at it because Eth gas fees have been crazy high.
You still have to pay the network fee even if you buy on celsius. And their network fee is more than sending from coinbase. And their processing partner charges a bank fee.
I played around with this a couple months ago and spent $17 buying $10 of USDC directly on Celsius while $500 on coinbase ended up as $497 USDC once it got to Celsius.
Posted on 3/20/21 at 12:31 pm to maclauer
.091 VET 
Posted on 3/20/21 at 12:38 pm to tween the hedges
Did that beat the ATH when it was VEN?
Posted on 3/20/21 at 12:46 pm to finchmeister08
9.43 was ath before it split (equivalent to .0943)
We may get there in a few mins
We may get there in a few mins
Posted on 3/20/21 at 1:06 pm to maclauer
quote:
I personally find no reason to be in gold/silver given my personal basket of crypto and stocks I hold
Same, also add real estate as a exponentially better alternative to gold and silver.
Literally the only precious metals I own besides some jewelry are some 1oz Morgans that I received as Christmas gifts from my stepfather, unless Silver goes to $1000/oz, I have no interest in selling them.
Gold and silver absolutely suck as investments and an inflation hedge, imo. They historically underperform every other asset class, except cash.
Posted on 3/20/21 at 1:27 pm to maclauer
quote:
I personally find no reason to be in gold/silver given my personal basket of crypto and stocks I hold, but I understand this is a very emotional topic for boomers and there are diverse opinions on the matter.
Same, he believes in precious metals over stocks though. Just provided me with a different line of thinking. Also, he isn't a boomer.
This post was edited on 3/20/21 at 1:28 pm
Posted on 3/20/21 at 3:00 pm to Vols&Shaft83
Yeah I think gold has a long way to fall personally, because it’s scrap value for use in electronics and jewelry is far less than the approximately 10T market cap it has; and BTC is going to suck up a majority of the store of value seekers capital instead of gold moving forward
Posted on 3/20/21 at 6:00 pm to rocket31
Yea no way in hell I’d invest a dollar into precious metals at this point unless it was a hobby for collecting certain coins. As an investment, no chance in hell.
Posted on 3/20/21 at 6:36 pm to TigerTatorTots
I bought a physical Bitcoin coin that apparently is plated in 24K gold. It’s become my lucky coin over the years. Worth nothing but looks cool.
Other than that? Nah no chance in hell I’m touching precious metals.
Other than that? Nah no chance in hell I’m touching precious metals.
This post was edited on 3/20/21 at 6:37 pm
Posted on 3/20/21 at 7:00 pm to Ross
quote:you couldnt buy them today even if you wanted too, precious metals markets are closed on the weekend and holidays lol
Nah no chance in hell I’m touching precious metals.
This post was edited on 3/20/21 at 7:01 pm
Posted on 3/20/21 at 9:36 pm to SUG
A buddy (very rich buddy) put 400,000 k in ADA when it was at.05
He knows the Charles Hoskenson and he told me to invest as much money as I can afford into it. He thinks it’s about to skyrocket
He knows the Charles Hoskenson and he told me to invest as much money as I can afford into it. He thinks it’s about to skyrocket
Posted on 3/20/21 at 9:52 pm to NashvilleTider
He recently said this?
Posted on 3/20/21 at 10:16 pm to VoxDawg
Yes last week
Posted on 3/20/21 at 10:44 pm to NashvilleTider
Nice. ADA my 2nd largest holding but I'm still unsure how far it can grow from here. I suppose the rollouts in a few months will tell
Posted on 3/21/21 at 1:56 am to rocket31
quote:
im still trying to figure out why CNBC has essentially become a bitcoin infomercial
theres gotta be underlying reason idk
Billy Gator is moving in. He loves it so much, he will produce a vaccine token for use. Free of course.
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