patrick.net

Even Dalio changed his mind and is now apparently thinkin' about it:
The cryptocurrency is “one hell of an invention.” "... I and my colleagues at Bridgewater are intently focusing on alternative storehold of wealth assets, and Bitcoin won't escape our scrutiny."

Yep, Bitcoin is another asset class in your portfolio. I would think it will take a huge percentage of physicals gold market share. Simply because it has so many advantages over physical gold. Its like comparing a landline to an Iphone 10. (physical gold is the landline).

Elon Musk getting bullish on Bitcoin

https://finance.yahoo.com/news/elon-musk-says-bitcoin-verge-081930173.html

Elon:

SAN FRANCISCO (Reuters) - Billionaire Elon Musk said on Monday bitcoin was "on the verge" of being more widely accepted among investors as he expressed his support for the cryptocurrency in a chat on social media app Clubhouse that drew thousands of listeners.

The comments followed his use of the "#bitcoin" tag on his Twitter profile on Friday

ETHEREUM IS BREAKING OUT! Over 1,500 now....it needs to run up and test 1.5k as support....as long as BTC plays along ETH will do well.

I'm debating whether to commit my ETH to staking in hopes of ETH 2.0 coming out. Thoughts?

I think you have to have 32ETH in order to stake. Whats the expected ROI on ETH staking?

5-17% lol wide range

On Kraken you don't need that much

can you stop staking ETH at anytime on kraken? If you are not locking up your ETH, I dont see a disadvantage in staking.

i am stoked ADA is over 40 cents and ETH at new ATH's.....exciting months ahead.

G36 says

Remember folks when I said back in December ETH will hit 700 bucks? Well, its at over 1,400 now!

https://www.cnbc.com/2021/01/19/bitcoin-ethereum-eth-cryptocurrency-nears-all-time-high.html

and now 1600! WoW. Lets go Ethereum! (aka ETH, ETHER or best thing since sliced bread)

Lol, you know what? I have an old bitcoin wallet I haven't looked at in years, and I still have 0.01 bitcoin!

That's $378!

OK, so I found this money, now what to do with it?

Patrick says

Lol, you know what? I have an old bitcoin wallet I haven't looked at in years, and I still have 0.01 bitcoin!

That's $378!

OK, so I found this money, now what to do with it?

Get your USD back quickly would be my advice and treat yourself to a nice dinner (if you can in your part of CA). Sad I have to add that caveat to the comment. Or a couple dinners or lunches. Small businesses need $$ or they're toast. Enjoy the found money and help the small guys, otherwise they'll be gone and you'll be eating a Chilis if you want to go out...

Patrick says

Lol, you know what? I have an old bitcoin wallet I haven't looked at in years, and I still have 0.01 bitcoin!

That's $378!

OK, so I found this money, now what to do with it?

@Patrick,
when did you buy Bitcoin? (year is good enough) & what wallet are you using? (is it a hardware wallet?)

What can be wrong with having some exposure to Bitcoin. I assume you dont need the money to pay your bills. Just dollar cost avg into BTC and increase the holdings.

Someone gave it to me in 2016 just as a demo. I think it was only a couple of dollars at the time.

nice percentage gain :)
keep it and add to it! If you would want to sell it, are you set up on an exchange? In order to exchange it to USD I recommend the Coinbase App.

No exchange. I have the Jaxx app.

I don't really need the money.

G36 says

In order to exchange it to USD I recommend the Coinbase App.

Yes. ID required. So much for anonymous.

Just dump it dude. Take the found money and enjoy it. You only live once. I guess if investing in spreadsheets sounds fun, go ahead. But sounds like misery and a waste of time to me and you already sound like the path you've chosen has done you well. I'd stick to it.

And this is why I fight in these threads. I hope to not see you go down the crypto path, I don't think you will, but this is why I fight all these comments. I don't joke when I've seen people lose everything because of this virus called crypto. They were talented day traders too prior to crypto being big. It's dangerous as fuck. I don't push anything else here beside maybe traveling. Not gold, not silver, not stocks, not crypto.

Be careful is all I'll say if you go down the rabbit hole.

Don't worry, I'm not about to make any big investment in Bitcoin.

I'm addicted to the stock market instead, and that has worked out pretty well.

Patrick says

No exchange. I have the Jaxx app.

I don't really need the money.

never heard of that one. Well, let it ride....Its a great store of value....a few bucks in 2016 turned into 370 bucks just 5 years later. Bitcoin is the best performing asset.

Patrick says

Don't worry, I'm not about to make any big investment in Bitcoin.

I'm addicted to the stock market instead, and that has worked out pretty well.

@Patrick, nice. I have a good junk of money in the stock market as well. But one cant afford to not have some exposure in Bitcoin and Ethereum.
Life changing money for those who invest in it! I recommend to have a few percentage points of your net worth in Bitcoin.

WookieMan says

It's dangerous as fuck

I dont think I have seen a bigger scaredy cat than sissy. She gets scared just by others holding BTC. That BSDS is no joke. Wonder if they have good meds for her.

G36 says

I dont think I have seen a bigger scaredy cat than sissy.

Huh? Please explain what I have to be scared of Newbie? Please do, the guy that changes his username after eating turds for 3 years and "dollar averages" his $10 a month into crypto. Where have you been with all your gains? What have you done? Nothing but crickets for a while now. We all know what silence means....

WookieMan says

G36 says

I dont think I have seen a bigger scaredy cat than sissy.

Please explain

It scares you when people hold Bitcoin. You immediately talk about guns and ammo. I believe its a symptom of the Bitcoin-Sunshine-Derangement Syndrome.


Instead of being scared, you should buy a bit of Bitcoin. That will greatly help with BSDS. Also, instead of ammo, you should buy an umbrella. You live in IL for pete's sake.

The more bitcoin I own, the stronger my erection.

porkchopexpress says

The more bitcoin I own, the stronger my erection.

and how about ADA and Link :)

ALTseason is here (altcoins=all coins besides Bitcoin).
Not just A(nother) altseason.....its going to be the biggest Altseason in history!

Cardano (ADA) at 50 cents currently....I think ADA can hit $5 this year.
Ethereum (back in December was at 700) its now going up to 2k.
the list goes on and on

@BayArea
@Cash
@porkchopepress

holy crap. CARDANO up 21%.and 0x is up 105%

in one day!

Market cap of crypto is 1.2Trillion USD. Thinking by the end of this bull run it will hit 10T.

Cardano (ADA) over 60 cents....

Cardano is on a tear. I'm still holding out for DOT to go big.

we might run out of available Bitcoin on the exchanges in the near future. the price will explode with so much buying pressure.



I dont see a reason to sell Bitcoin. Holding long term is a wealth generator. Think of dummies who would have sold all their Bitcoin at 18k (@WookieMan). muahahaha

G36 says

I dont see a reason to sell Bitcoin. Holding long term is a wealth generator. Think of dummies who would have sold all their Bitcoin at 18k (@WookieMan). muahahaha

Wasn't a dummy and bought like you did. Just made more than you did through my business in the same time frame. Actually a lot more. Enjoy the bubble. I'm good. Enjoy the J word. Kind of looks nice on you... lol. We all know you didn't invest or have realized a gain, so this topic is just fun fucking with you. Losing must suck? Wouldn't know myself.

WookieMan says

G36 says

I dont see a reason to sell Bitcoin. Holding long term is a wealth generator. Think of dummies who would have sold all their Bitcoin at 18k (@WookieMan). muahahaha

bought like you did.

Yep, we know. You had a the chance for years....train's left the station....now Tesla is buying it instead at prices that are out of reach for WookieMan :)

I did I'm flat all but a .05 ETH and 40k Doge coins ATM but will absolutely re-enter in good time;)
I do have some ADA in staking I forget about them

My ADA is killing it!!!!

G36 says

train's left the station

There was no train. I just took the jet.

WookieMan says

G36 says

train's left the station

There was no train. jet.

You are absolutely right.....Bitcoin is more a jet than a train. Well, actually a rocket ship!

G36 says

You are absolutely right.....Bitcoin is more a jet than a train. Well, actually a rocket ship!

Okay... okay... I'm getting it down now. I know when the boss lets you out for a break from work.

Glad those years are behind me and I'm no longer the boss' bitch. I'm the boss. Good feeling when you outperform a fake asset class and do it on your own. I think mom is letting you know the meatloaf is ready ;) If it's as good as your comments, I now understand how gastroenterologist make their money.

WookieMan says

G36 says

You are absolutely right.....Bitcoin is more a jet than a train. Well, actually a rocket ship!

Okay... okay...

How else would you get to the moon, right? :)