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01-09-2024, 10:58 AM | #221 | |
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I am not denying that many people have made a lot of money in bitcoin, including several people I know well. Their doom and gloom outlook on the world further bolsters their belief in Bitcoin as they are expecting some type of economic and societal collapse resulting from the current monetary policies of the world...but I choose to be happier and more optimisitic That is nother discussion though... |
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01-09-2024, 12:24 PM | #222 | ||
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I may not have understood the questions, I'd like to think I did though. No coin will be legitimate in my mind until it is a full fledged currency. As I said earlier, that equates to a private citizen being able to walk into any store and buy everyday goods with it. Now lets just say that is the case in El Salvador (I don't believe it is right now), but for S&G I'll play along. So 4 months ago when Mr. El bought milk for his family it cost 0.00007BTC (lets call it $2.50 equivalent, made up number). He has 0.000100BTC total. Now today he went to buy milk again. It still costs 0.00007BTC but this time the US dollar equivalence is $3.75. And here we sit in the US bitching constantly about inflation. You do understand this, correct? |
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01-09-2024, 01:02 PM | #223 | |
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In Argentina I believe their Peso has lost 80% of its spending power so putting their money into BTC is a way to preserve their wealth and not have that mill cost the equivalent of what it used to cost to buy the entire cow. |
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01-09-2024, 01:15 PM | #224 | |
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2017 M240i: 23.8K, 28.9 mpg, MT, Sunroof Delete, 3,432#, EB, Leather, Driving Assistance Package, Heated Front Seats | Sold: E12 530i, E24 M635CSi, E39 520i, E30 325is, E36 M3 (2)
TC Kline Coilovers; H&R Front Bar; Wavetrac; Al Subframe Bushings; 18X9/9½ ARC-8s; 255/35-18 PS4S (4); Dinan Elite V2 & CAI; MPerf Orange BBK; Schroth Quick Fit Pro; GTechniq Crystal Serum Ultra Ceramic; Suntek PPF |
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01-09-2024, 01:44 PM | #225 | |
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There is reasonable case that BTC will 10x again making that $10k investment worth $15m in less than 12 years. So yeah. You’re just a little late. But BTC is still fairly new so who knows. I’m gonna buy a 992 GT3RS. What are you gonna get? 😉 |
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01-09-2024, 04:37 PM | #227 | |
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Now I'm willing to admit I've come in late to the program, but how – specifically – can I be guaranteed that I too can get my own GT3RS without really working for it?
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2017 M240i: 23.8K, 28.9 mpg, MT, Sunroof Delete, 3,432#, EB, Leather, Driving Assistance Package, Heated Front Seats | Sold: E12 530i, E24 M635CSi, E39 520i, E30 325is, E36 M3 (2)
TC Kline Coilovers; H&R Front Bar; Wavetrac; Al Subframe Bushings; 18X9/9½ ARC-8s; 255/35-18 PS4S (4); Dinan Elite V2 & CAI; MPerf Orange BBK; Schroth Quick Fit Pro; GTechniq Crystal Serum Ultra Ceramic; Suntek PPF Last edited by dradernh; 01-09-2024 at 04:44 PM.. |
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01-09-2024, 04:44 PM | #228 | |
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Up here, I seen those at Kwip Trips. I don't know if it was all them, but he handful I'd been to had them. But they are all gone now. I don't know how long they where in stores, maybe a full year? It wasn't real long. *edit* Looks like it was mid July 2023 when they removed them. So about a year they lasted. https://csnews.com/kwik-trip-rolls-o...atms-chainwide |
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01-10-2024, 03:31 PM | #230 |
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BTC Supply in Profit Nears 90% as Price Rallies on Expected Bitcoin ETF Approval
https://www.coindesk.com/markets/202...aign=headlines |
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01-10-2024, 11:28 PM | #231 | |
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SEC - Jan 10, 2024 https://www.sec.gov/news/statement/g...bitcoin-011023 In the first paragraphs of its statement, the SEC explicitly refers to legal action as part of the equation for its decision-making: "Circumstances, however, have changed. The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale’s proposed ETP (the Grayscale Order). The court therefore vacated the Grayscale Order and remanded the matter to the Commission. Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares."And ends its statement as follows: "Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing.
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01-10-2024, 11:43 PM | #232 | |
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Recently the 5 member board of the SEC voted on the ETF and it was a 3-2 decision to approve. So, it was largely the loss of the lawsuit of Greyscale and the loss of the SEC vs XRP lawsuit that pressured Gensler and the SEC to have to approve a Spot ETF for Bitcoin. The SEC kept losing. And once Blackstone decided they wanted the Spot ETF it was game over. Just a matter of time. And here we are Go Bitcoin!!! |
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02-28-2024, 12:27 PM | #234 |
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If you think bitcoin is near a peak and going to go back down, BITI is a bitcoin short ETF. All this money flowing into the "official" ETFs can't last forever and keep driving the price up. I am so curious where this $50B that has gone into the ETFs has come from, I really hope its not suckers putting a large chunk of their retirement into it.
Next is Grayscale getting "official" ETFs approved Ethereum, then that can explode. ETHE is the "unofficial" ETF.
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02-28-2024, 12:29 PM | #235 |
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It's an interesting time. I'm curious if we are approaching the event where crypto diverges from the regular market and large institutions are shifting money ahead of the transition.
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02-28-2024, 01:09 PM | #236 |
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Well all I know is that I'm happy right now. I'm up over 150% on Bitcoin. All of my investments are up substantially. I'm hoping the price comes back down on BC at some point so I can buy some more.
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02-28-2024, 01:21 PM | #237 |
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I am also not complaining, sold it all today though, didn't want to miss the opportunity. If it falls to $50k might get back in, but as long as it's above 60k I will slowly be adding to the short position, dreaming of a 5-10x return. Would love for it to drop to 40k if the ETF inflows significantly slow.
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02-28-2024, 03:29 PM | #238 | |
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I have 30 years until retirement so I'm going to let it ride. Also I don't want any increased shown income, going to keep the gains unrealized for now. Rather take the wins when we retire or in a financial down year. |
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02-28-2024, 03:47 PM | #239 | |
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It was in the unofficial BITO ETF, Started in Sept 2021 just to make a quick buck kept buying as it went up, got greedy and didn't take the gains, kept buying on the downswing Dec 21-May 22, decided wasn't gonna dump anymore into it, losses were so big couldn't bear the wifes wrath to risk anymore. Almost 2yrs since then to recover and return a decent profit thanks to the monthly dividends the fund pays out. Good thing cause the wife never believed me that it would eventually recover.
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02-28-2024, 04:39 PM | #240 | |
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02-28-2024, 06:32 PM | #241 |
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So true. I was massively burned in the dotcom market bust, which I knew would happen, but when the markets are shooting up it's hard to walk away and when it begins to drop you hope "today" is the bottom. Which regardless what BTC does over the next few weeks, I was ok walking away today. Perhaps it will hit 70k, but I will lightly add to the short as don't think its sustainable.
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03-10-2024, 09:33 PM | #242 |
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Since this is a Crypto thread, I thought this best spot to get some advice in both the crypto and car spaces.
I am thinking about offering free Carfax's and Autochecks on the forum, but for my time (reading/answering/downloading/replying/etc.) requesting like a "tip" via crypto as a sort of barrier to entry, else I would probably be responding to 1000 messages a day. I am thinking requiring like $1 or whatever the minimum would actually arrive in my respective crypto wallets. Not trying to skirt any forum rules, really just trying to create a barrier to entry to control demand and get compensated <$1 for my effort. Thoughts?
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