re: Official CryptoTalk Thread

I've drank the koolaid and it's delicious

I've stopped dabbling in DOGE and most other non-NCI gambles

my largest holding now it BTC and cash to buy dips, but also LINK, ETH and AVAX, all NCI darlings


when I started in this thread, I was the proverbial "first semester Freshman" and now I'm a "second semester Freshman" buying BTC and shotgunning a beer when I do

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I don't understand how some folks seem to be saying bitcoin will help you BEAT inflation. I do but I don't kind of thing... obviously I want my regular stocks beating inflation.

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Bitcoin is the scarcest store of value on earth. If Walmart's stock price spikes, they can take advantage of it, issue new shares, and roll that capital into whatever initiative they want to push. That might be good as a long term investor but it puts a cap on price.

That mechanism simply doesn't exist with Bitcoin. If the price spikes from adoption, speculation and diminishing supply, the upwards pressure on the asset can only be moderated by sellers coming to the market. "Price is determined at the margin". What that basically means is that price can be irrational and explosive in both directions. With bitcoin that effect is amplified greatly. You can have supply shocks and with the advent of ETF options, you could have gamma squeezes unlike anything you see in the stock market.

I can't give you financial advise but every crypto with the exception Bitcoin is a fool's errand in the long run for the average investor. One or two might end up with some utility and gain value but there's no telling which ones, if any that will be. I should say I don't have an investment thesis on any of them but I don't think they compete in the same arena as bitcoin as a store of value. I would consider them projects or investments for people that have a very specific knowledge of their potential applications in the future.

It's absolutely not too late to invest in bitcoin. Its market cap is just under $2T right now. Gold has a market cap of close to $20T and it's a dinosaur of an asset. Honestly, it’s too EARLY for most major institutional investors. That feels like it’s on the verge of changing though.

You need to understand bitcoin before investing much or you WILL get scared when it dips. It's a baby of an asset class (thus the potential for massive gains) and it will be wildly volatile. Yesterday it traded between 92k and 104k. You need to know what it is or that will freak you out. Good luck.

Anyone in here holding VET? What's our get out point?

4k. We rolling.

beautiful

ETH ETFs finally starting to gain some traction.

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4k. We rolling.

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thanks sir!

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I will certainly buy even more if it dips - I'm skimming tiny profits all the other ones periodically and buy those same small amounts of BTC instantly

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You should know that we’re in a period known as “alt season”. You’ll see all of the other coins start running and many will likely outpace Bitcoin for a few months. This is a sugar high and will not last.

Just don’t want you to feel frustrated when you see them rip and you’re not in them. If you’re a gambler you might stay exposed to the ones you’re in for a little longer. I wouldn’t but I’ve already gone through my alt coin phase, got burned and said no more. You never know when the coins going parabolic right now will flame out in spectacular fashion. It’s a casino.

Wait until Wall St. And ETF money figures out what Ethereum can do. It's going to rocket for years.

By the looks of the ETF ETF inflows, they are starting to figure it out.