I am now a believer in Bitcoin

[publicduende]

CBDCs could work because the people are sheep. China is leading on this. If you are interested, I could ask people in China about it.

Well, case in point, the Digital Yuan project has been a massive "meh" from the general populace. The Chinese people are apparently happier to give their personal data to Alipay or WeChat than to the Communist government.

[Decu]

I currently hodl 0.12 BTC and the rest are Ethereum, Cardano, etc. If you believe in any cryptocurrencies or tokens that has good projects, long term prospective, and real life case uses, then I highly suggest you invest in that Crypto. Only invest what you are willing to lose. I'm not a financial advisor. This is not real investment advice.

What do you like about Cardano? Don't you think that it is a scam?

[Moretorque]

The only cryptocurrency i ever invested in was Luna but that didn't go well

The entire thing is a joke because people do not understand the purpose of running a solvent economy, they have really brainwashed the crap out of the stooges.

The Communal Dictatorship with a collective IQ of 80...!

[janamacon]

Wow, it's been a while since this post was made. I hope the original poster is still around to see how the crypto market has evolved. It's great to hear that they made a profit with Bitcoin and had a positive experience with it.

[kangarunner]

Any of you assholes got a Bitcoin strategy? I just checked the 1 month chart and if I bought $1000 of bitcoin a month ago, I would have $1400 of that shit now.

[WilliamSmith]

Any of you assholes got a Bitcoin strategy? I just checked the 1 month chart and if I bought $1000 of bitcoin a month ago, I would have $1400 of that shit now.

I'm arguably an asshole, so I'll answer:

My Bitcoin (and overall crypto) strategy is:

Wait until the crypto markets crash disastrously, use basic charting and moving averages etc. to try to ID when it's bottomed out (and look for signs of maximum pessimism and capitulation as the mainstream sentiment, though the charts are more important).

Then treat it more or less the same as other securities in a state of "maximum pessimism":

Cautiously scale in a bit with purely speculative capital that I don't mind losing (or leaving in limbo for an indefinite period), regardless of alleged "fundamentals," and entirely regardless of whether it actually has any long-run "value" or viability (though I certainly don't object, if it actually did).

Basically it's still going sideways on the long-run trend, while having entered a swing and position uptrend right now.

Then, kind of like with gold mining stocks or other high-risk / high-reward speculative plays:
Cautiously raise stops, optionally add to position after it's clearly in a chart-based uptrend (mainly after retracements, eg bouncing off a key moving average on the charts), and if/when it's made multiples of my original investment, take all my original $$ off the table, so it's all "house money" from there.

By the way: Last year when the crypto markets peaked was a pretty much ideal time to take your $$$ off the table, because hodlers were saying that "the mathematics" were essentially guaranteeing that Bitcoin would go to $364,417.38 or something (I made that # up for comedic effect, but they literally were saying "the mathematics" said it'd be over $350k) by Spring 2022, and then.... yeah, LOL.

[WilliamSmith]

By the way: How do the rest of you hold your crypto?
(Not asking for specifics, but curious if you use offline hardware wallets, exchanges, etc?)

Until when I'm ready to finally renounce USSA citizenship and sell all my property here (which I considered doing, but am not ready to choose final destinations quite yet), I personally will only buy through the most mainstream exchanges.
P.S. on exchanges:
I hope none of you trusted that f-ing kike Samuel Bankman-Fried, LOL?

Sam Bankman-Fried: Jews Will Be Jews

https://nationalvanguard.org/2022/11/sa ... l-be-jews/

Anyway, I strongly approve of crypto in theory, but ZOG banker though he may be, I've never really heard anyone debunk Jamie Dimon's basic common sense talking points on how if the government/elites/etc really want to get rid of crypto, then they will just go ahead and outlaw it regardless of whether BTC goes to $100k before it eventually goes to $0 (though I don't necessarily think it'll ever go to $0, but don't bother to speculate about that or "the fundamentals" since I do everything on charts and risk/reward tradeoff and always use stops, though those are always riskier on crypto exchanges because of the lack of SEC regulations).


If you already have multiple citizenships and are in a country where it's no problem to own crypto, though, great. Then it's (possibly) another story.

If you're stuck in just one though, and they make it a major offense or huge onerous hassle to own any, you might be cruising for a bruising by being too heavily invested as a hodlr...

As a speculator, it's another story.

P.S. Doug Casey may've drunk a lot of satanic tranny Ayn Rand kool-aid, but he's a smart guy and he wrote a good book on the basics of being a high-risk speculator, even if you're not a chartist like me. (The approach I prefer is in the booklist I posted sometime last year in that "Stock Trading is the Ideal Business" thread.)

[Decu]

Bitcoin, the world's first and most popular cryptocurrency, has proven to be a resilient and innovative financial asset. It is a decentralized currency, meaning that it operates independently of a central bank, making it less susceptible to inflation and political interference. As a result, many people are now turning to Bitcoin as an investment opportunity. Investing in Bitcoin can be a lucrative venture, but it can also be risky and challenging to track your investments. Fortunately, there are tools available to help investors monitor their portfolio's performance and make informed decisions.
One such tool is BeatMarket, a platform designed to track the effectiveness of investment decisions and compare portfolio returns to a benchmark. It offers user-friendly interfaces, complex metrics, and useful analytics, making it easier for investors to manage their cryptocurrency portfolios.

However, it's worth noting that investing in Bitcoin, like any other asset, comes with risks. The cryptocurrency market can be highly volatile, and its value can fluctuate wildly in short periods. As with any investment, it's essential to do thorough research, stay informed, and seek professional advice before investing in Bitcoin. Bitcoin has become a popular investment opportunity for many people. BeatMarket is an excellent tool for monitoring your investments and making informed decisions, but it's crucial to remember that investing in cryptocurrencies comes with risks. Before making any investment decisions, it's essential to do your due diligence and be fully aware of the risks involved.

[Moretorque]

Bitcoin, the world's first and most popular cryptocurrency, has proven to be a resilient and innovative financial asset. It is a decentralized currency, meaning that it operates independently of a central bank, making it less susceptible to inflation and political interference. As a result, many people are now turning to Bitcoin as an investment opportunity. Investing in Bitcoin can be a lucrative venture, but it can also be risky and challenging to track your investments. Fortunately, there are tools available to help investors monitor their portfolio's performance and make informed decisions.
One such tool is BeatMarket, a platform designed to track the effectiveness of investment decisions and compare portfolio returns to a benchmark. It offers user-friendly interfaces, complex metrics, and useful analytics, making it easier for investors to manage their cryptocurrency portfolios.

However, it's worth noting that investing in Bitcoin, like any other asset, comes with risks. The cryptocurrency market can be highly volatile, and its value can fluctuate wildly in short periods. As with any investment, it's essential to do thorough research, stay informed, and seek professional advice before investing in Bitcoin. Bitcoin has become a popular investment opportunity for many people. BeatMarket is an excellent tool for monitoring your investments and making informed decisions, but it's crucial to remember that investing in cryptocurrencies comes with risks. Before making any investment decisions, it's essential to do your due diligence and be fully aware of the risks involved.

The entire world system is rigged by the central bankers as well as the crypto market, people are so stupid they can't even figure out how to run a solvent economy.

[GerardButler]

Bitcoin is a total scam. Like Andrew Tate said.. you need to start having money conversations with people who have real money.

[Tsar]

https://youtube.com/shorts/BZTnHb_hGE8? ... MpiWyvYubV

Bitcoin is the future! We could have a system where monetary transactions are between buyer and seller and we can cut out the middle man, in this case the middle man is a greedy Jewish banker

@Tsar
@Lucas88
@publicduende
@MarcosZeitola

I'm not investing in cryptocurrency because I have zero money and missed by chance. If I didn't sell my cryptocurrency in August 2022 after second guessing myself, I would have $5000 from a $1200-$1600 investment.

To late now...

[Natural_Born_Cynic]

Not sure about bitcoin and all its hype.
Bitcoins are not backed by real companies and they are very volatile.

[publicduende]

https://youtube.com/shorts/BZTnHb_hGE8? ... MpiWyvYubV

Bitcoin is the future! We could have a system where monetary transactions are between buyer and seller and we can cut out the middle man, in this case the middle man is a greedy Jewish banker

@Tsar
@Lucas88
@publicduende
@MarcosZeitola

Lost of people got lucky buying Bitcoin when it was $30,000, or $3,000 or even $300, on the dollar. For people without any awarenes, let alone experience, of the mechanics of the investment markets, buying BTC, ETH or any major crypto coin must look the investment of a lifetime. Too good ot be true. In fact, it is. The problem about BTC is that it doesn't carry any other value, other than that of a purely speculative investment.

[Natural_Born_Cynic]

https://youtube.com/shorts/BZTnHb_hGE8? ... MpiWyvYubV

Bitcoin is the future! We could have a system where monetary transactions are between buyer and seller and we can cut out the middle man, in this case the middle man is a greedy Jewish banker

@Tsar
@Lucas88
@publicduende
@MarcosZeitola

Lost of people got lucky buying Bitcoin when it was $30,000, or $3,000 or even $300, on the dollar. For people without any awarenes, let alone experience, of the mechanics of the investment markets, buying BTC, ETH or any major crypto coin must look the investment of a lifetime. Too good ot be true. In fact, it is. The problem about BTC is that it doesn't carry any other value, other than that of a purely speculative investment.

That's right. Invest in kaka-coins with a picture of a stupid doggy on it and lose bunch of money and your life savings.
Those coins are not backed up by real companies, regulated by the SEC(Security Exchange Commission), have Insurance and not even backed up by central bank.

Interesting situation is so many people in South Korea are falling for that bitcoin scam. Because people are desperate to make x times the money and enjoy that instagram inspired vacation lifestyle. However, the Korean court only give slap on the wrist for the serial offenders. Even if the scammer stole hundreds of millions of wons, he only get like 1-2 year jail sentence. And before going to jail, he make his friend bury the stolen money some where and after serving his time, he can just reclaim it, buy a fancy apartment and live large.