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re: How many of you are investing in Crypto?

Posted on 2/12/22 at 4:21 pm to
Posted by lighter345
Member since Jan 2009
11898 posts
Posted on 2/12/22 at 4:21 pm to
Easiest way to get exposure is buy GBTC in your traditional brokerage account if you don’t want to set up a Coinbase.com account or something.
Posted by Captain Rumbeard
Member since Jan 2014
7176 posts
Posted on 2/12/22 at 4:38 pm to
Another thing is the crypto debit cards like Coinbase has. I've been using it for a few months and have accumulated 4% Back in GRT to a surprisingly high number in that short a period of time.

Get Coinbase account. Get card. Charge it with USDC. Spends everywhere Visa is accepted. Get crypto back. You can pick what you want the returns in. I'm partial to The Graph and it's cheap as hell right now so that's what I'm getting it in.
Posted by Crimsonmarine
Member since Jun 2020
199 posts
Posted on 2/12/22 at 6:16 pm to
quote:

I have a small mining farm


How much do you make off of it?
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21087 posts
Posted on 2/12/22 at 6:21 pm to
I love Crypto but that is a terrible description of DCA strategy IMO

If you only wait for an asset to dip in order to buy it - whenever you start creates a false ceiling and limits your returns

I.e it’s a form of timing the market
Posted by oldskule
Down South
Member since Mar 2016
25318 posts
Posted on 2/12/22 at 6:32 pm to
I made a few bucks with Crypto, but it is really an unstable risk, not an investment.

The Crypto platforms are making all the money as they charge you to buy and sell....look what happened to gamecoin.

Posted by VoxDawg
Glory, Glory
Member since Sep 2012
77699 posts
Posted on 2/12/22 at 6:35 pm to
I've been in on the crypto game since the end of Jan 2021 and wish I'd gotten in at the beginning of Trump's first term.
Posted by Stagliano
Member since Dec 2020
1661 posts
Posted on 2/12/22 at 6:59 pm to
quote:

Not subtle brag


Well he’s in very similar waters as myself and a number of guys in my inner circle. So idk about that
Posted by Stagliano
Member since Dec 2020
1661 posts
Posted on 2/12/22 at 7:07 pm to
quote:

look what happened to gamecoin.


That’s what you blame the demise of GME on?
Posted by LSURulzSEC
Lake Charles via Oakdale
Member since Aug 2004
79465 posts
Posted on 2/12/22 at 7:10 pm to
yes for about 5 years now...in fact I've bought $3000 in ethereum the past few days...
Posted by crazy4lsu
Member since May 2005
39820 posts
Posted on 2/12/22 at 7:11 pm to
Yes. I've made a ton of money from crypto.
Posted by Nuts
Michigan
Member since Oct 2011
1150 posts
Posted on 2/12/22 at 7:51 pm to
When I changed jobs a few years ago I converted my entire 401k from the old job into a checkbook Roth with 100% of assets in BTC.

So yeah, I'm investing.
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