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Posted on 4/13/21 at 12:16 pm to DownshiftAndFloorIt
You’ve admitted you were wrong and are willing to allocate some of your portfolio to the apex asset now, that’s all that matters moving forward. I had my moment to realize I was wrong about Bitcoin and shed my own skepticism as I realized the world was ready and needed to embrace a digital, secure, nonsovereign store of value. Everyone gets it at the price they deserve and we are still fairly early here.
Enjoy the future gains
Enjoy the future gains
This post was edited on 4/13/21 at 12:21 pm
Posted on 4/13/21 at 12:20 pm to tigerfoot
:feelsbadman:
Posted on 4/13/21 at 12:22 pm to Ross
i mentioned it earlier but it's only a matter of time before everyone is like wait a minute, why am I risking my money on some overvalued tech stock at a chance to earn 20% per year?
when this other thing has averaged 200% per year for over a decade
just basic math at this point
when this other thing has averaged 200% per year for over a decade
just basic math at this point
Posted on 4/13/21 at 1:14 pm to rocket31
2 questions:
1) I'm an eth/btc holder for the long term, so any swings don't really affect me mentally or in the wallet much. With that said, my ultimate goal of this isnt' retirement but to have a good chunk of money for a down savings on a house in about 2-4 years. Even with that said, I still intend to hold crypto my whole life, that's just a main short term goal. First question is, wiht the massive bull run we're seeing right now would it be worth it to sell off a chunk and keep it in my USD account, then use that exact same amount of money to just buy back in for the inevitable pullback? I am the farthest thing from a day trader you'll find, I've always been a long term "buy and hold and forget about it" kinda guy, so I don't really know when it's advantageous to do something like that.
2) This kinda ties in with the quesiton above a little bit. due to the way the calendar falls I get 3 paychecks in April. For a few months now once I realized that I've had this Friday the 16th circled bc it's essentially a free/bonus check and I planned to put all of it into crypto. Unfortuantely the price of eth/btc keeps skyrocketing. Shoudl I just transfer my money into my USD account and wait for a pullback, or...since my ultimate cashout horizon isn't until years down the road is it irrelevant? Basically jsut "buy when you're able to" rather than trying to time it best?
1) I'm an eth/btc holder for the long term, so any swings don't really affect me mentally or in the wallet much. With that said, my ultimate goal of this isnt' retirement but to have a good chunk of money for a down savings on a house in about 2-4 years. Even with that said, I still intend to hold crypto my whole life, that's just a main short term goal. First question is, wiht the massive bull run we're seeing right now would it be worth it to sell off a chunk and keep it in my USD account, then use that exact same amount of money to just buy back in for the inevitable pullback? I am the farthest thing from a day trader you'll find, I've always been a long term "buy and hold and forget about it" kinda guy, so I don't really know when it's advantageous to do something like that.
2) This kinda ties in with the quesiton above a little bit. due to the way the calendar falls I get 3 paychecks in April. For a few months now once I realized that I've had this Friday the 16th circled bc it's essentially a free/bonus check and I planned to put all of it into crypto. Unfortuantely the price of eth/btc keeps skyrocketing. Shoudl I just transfer my money into my USD account and wait for a pullback, or...since my ultimate cashout horizon isn't until years down the road is it irrelevant? Basically jsut "buy when you're able to" rather than trying to time it best?
Posted on 4/13/21 at 1:29 pm to rocket31
quote:
lol thorchain seems to be the new flavor of the week. I'll probably play around with it to see what's up
THORChain launch multichain chaosnet
Posted on 4/13/21 at 1:37 pm to WG_Dawg
theres a video posted a few pages back that explains that you'll never need to sell bitcoin and just use it as collateral to buy stuff like a house
short term gains tax is like 35%-50% so timing the dips is risky
short term gains tax is like 35%-50% so timing the dips is risky
Posted on 4/13/21 at 1:39 pm to rocket31
quote:
TRON and XRP are both exploding. feels like late 2017 all over again
For some reason, I cannot stop buying TRON. It's like me and silver.
I want to find a way to get XRP before the lawsuit is settled, not having any luck though.
Posted on 4/13/21 at 1:42 pm to Vood
kracken? I think there is one us exchange that still let's you buy but I'm not sure
Posted on 4/13/21 at 1:46 pm to rocket31
quote:
kracken?
Unfortunately not. It tells you, it isn't available in the US.
Posted on 4/13/21 at 1:48 pm to rocket31
public markets are scrambling for bitcoin exposure leading up to the coinbase listing
MSTR +17.22%
TSLA +8%
COIN (pre-listing) +7.63%
MSTR +17.22%
TSLA +8%
COIN (pre-listing) +7.63%
This post was edited on 4/13/21 at 1:49 pm
Posted on 4/13/21 at 2:28 pm to rocket31
So I want to just start dumping my mining earnings and current btc into something like Celsius or blockfi.
Do they have their own marketplaces where I can convert BTC>USDC? Or should I got CB Pro to move the BTC>USDC and then move the USDC to my wallet on Celsius or blockfi?
Do they have their own marketplaces where I can convert BTC>USDC? Or should I got CB Pro to move the BTC>USDC and then move the USDC to my wallet on Celsius or blockfi?
Posted on 4/13/21 at 2:33 pm to bluebarracuda
I use coinbase pro
then withdrawal btc or usdc to celsius, blockfi, etc
then withdrawal btc or usdc to celsius, blockfi, etc
This post was edited on 4/13/21 at 2:35 pm
Posted on 4/13/21 at 2:39 pm to rocket31
quote:
then withdrawal btc or usdc to celsius, blockfi, etc
Once I withdraw my BTC to the latter, am I then able to sell for USDC, or do I have to make that conversion in CB Pro?
Posted on 4/13/21 at 2:41 pm to bluebarracuda
doesn't appear so by checking the apps
I think voyager can do that but I do not have experience there
I think voyager can do that but I do not have experience there
Posted on 4/13/21 at 2:42 pm to bluebarracuda
I'm curious to know what the fees are withdrawing USDC from CB Pro. Different exchanges charge different fees for withdrawals of different cryptos over the fees of just moving it through a certain blockchain. Maybe Coinbase is transparent about this?
Posted on 4/13/21 at 2:46 pm to rocket31
Eh, I guess I can just keep it all in BTC and take the 6% rate. Would feel hella lot worse when BTC hits 100k in August and I had moved everything to USDC 
Posted on 4/13/21 at 2:46 pm to rocket31
You cant swap on voyager. You have to sell your native asset for fiat, then purchase.
Cyrpto.com lets you do a BTC/USDC swap and many others.
I mine as well, but I mine with nicehash. So I just deposit my BTC to cyrpto.com right now. I was depositing into voyager, but they are having massive delays right now.
Cyrpto.com lets you do a BTC/USDC swap and many others.
I mine as well, but I mine with nicehash. So I just deposit my BTC to cyrpto.com right now. I was depositing into voyager, but they are having massive delays right now.
This post was edited on 4/13/21 at 2:49 pm
Posted on 4/13/21 at 2:48 pm to bluebarracuda
actually looks you can convert btc to different coins on blockfi but yea I don't hold usdc right now either
This post was edited on 4/13/21 at 2:49 pm
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