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I remember reading that there wasn't any evidence of that many people "losing it all".Some people got filthy rich and some lost jt all. What do you mean big losses were actually incurred?
I remember reading that there wasn't any evidence of that many people "losing it all".Some people got filthy rich and some lost jt all. What do you mean big losses were actually incurred?
I remember reading that there wasn't any evidence of that many people "losing it all".
I don’t own any.
Kinda want to tho.
Not sure how I feel about it.
Wouldn’t mind playing with a little bit and see how it does.
But it's a great mental model. If you don't like it, think Ponzi.The Real Story Behind the 17th-Century ‘Tulip Mania’ Financial Crash
Tulip “mania” has been studied and debunked by many.
FOMO.I don’t own any.
Kinda want to tho.
Not sure how I feel about it.
Wouldn’t mind playing with a little bit and see how it does.
That doesn't sound debunked. The cost of a nice home for one tulip at its peak sounds like an excellent example of an insane classic mania bubble. Another 37 people paying a years salary for a tulip bulb is pretty staggering as well. Remember, we are not talking about fraud, we're talking fools and their money voluntarily being parted.The Real Story Behind the 17th-Century ‘Tulip Mania’ Financial Crash
Tulip “mania” has been studied and debunked by many.
Let the games begin!I don’t own any.
Kinda want to tho.
Not sure how I feel about it.
Wouldn’t mind playing with a little bit and see how it does.
Billionaire Hedge fund manager Ray Dallio announces he's holding Bitcoin
We'll be seeing more announcements like these (especially after a large correction during this bull run). If he's managing your money and is announcing a Bitcoin allocation in his personal holdings, maybe you should start asking some questions, like why?
He even acknowledges government-backed dismantling of the entire industry as a major risk which has been blown off in this thread several times.if you have billions of dollars you can definitely afford to diversify into all kinds of things, it is a different risk profile than somebody's retirement planning.
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.Billionaire Hedge fund manager Ray Dallio announces he's holding Bitcoin
We'll be seeing more announcements like these (especially after a large correction during this bull run). If he's managing your money and is announcing a Bitcoin allocation in his personal holdings, maybe you should start asking some questions, like why?
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.
How about listing your top 5?
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.
How about listing your top 5?
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Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap
Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.coinmarketcap.com
That is a solid list and I regret not picking up any MATIC during the dip. Blade if it isn't clear either from the btc youve bought exchanges will pay you to keep your crypto on the exchange to provide liquidity for other users. Most exchanges will have BTC, ETH, and LINK rates at 4%+. Some currencies (ADA, MATIC) can also be withdrawn to a wallet and staked for rewards. My crypto approach is finding a handful of projects that have actual utility (read: not doge) and buying and parking for $.Ethereum / ETH
Bitcoin / BTC
Chainlink / LINK
Polygon / MATIC
Then it's a tossup between the newer blockchains like Cardano/ADA, or Polkadot/DOT
Buy what the Greyscale Trust buys: the leading crypto, growing in their lead, and what people use and want.
And this was the dip last week, so buy in now, will reach last month's levels by end of week. I literally doubled my MATIC money just today.
One more tip, use Coinbase Pro instead of Coinbase, it's still for beginners and the same company, but the fees are much lower.
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.
How about listing your top 5?
![]()
Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap
Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.coinmarketcap.com
I have never ever heard of some of these coins. I know there is money to be made or lost in crypto just like in 1999 with the dot com craze. Mark Cuban made a billion dollars from selling a trash company worth nothing.Ethereum / ETH
Bitcoin / BTC
Chainlink / LINK
Polygon / MATIC
Then it's a tossup between the newer blockchains like Cardano/ADA, or Polkadot/DOT
Buy what the Greyscale Trust buys: the leading crypto, growing in their lead, and what people use and want.
And this was the dip last week, so buy in now, will reach last month's levels by end of week. I literally doubled my MATIC money just today.
One more tip, use Coinbase Pro instead of Coinbase, it's still for beginners and the same company, but the fees are much lower.
Yep. BTC and ETH will be the amazon and apple of this space. There will be other big winners too, but they're more risky for sure. Ethereum is a whole computing network that a new finance system is being built on top of, and the ether token is the native currency of that system. It has the potential to be unbelievably big. Interesting you bring up Mark Cuban here, as he's a big investor in the ethereum ecosystem.I have never ever heard of some of these coins. I know there is money to be made or lost in crypto just like in 1999 with the dot com craze. Mark Cuban made a billion dollars from selling a trash company worth nothing.
At some point you will need to get out of the losers. If you get out too late then you get crushed. Since this isn’t my area I’ll just stick with Bitcoin or Ether and leave the other coins to the speculators.
Yep. BTC and ETH will be the amazon and apple of this space.
Yeah. Maybe. Place your bets.Maybe. Or they could be the AOL and Yahoo of this space.
or this space could be worthless. or this space could redefine banking. or not.Maybe. Or they could be the AOL and Yahoo of this space.
A big problem with crypto is that there is no shortage of rug pull and pump and dump projects out there with no value. It doesn't help they are usually the loudest and prey on newcomers to the cryptospace. You'll find them typically priced at something like $0.00007 to lure people in because people like owning "a lot" of something, and now all it has to do is get close to one dollar and I can see my financial freedom. Even if that lot of something is garbage. The coins he mentioned also have names like safemoon...because naturally the coin will go to the moon, but don't worry, it will do so very safely. Or they have serious flaws such as an unlimited supply (doge). It's a shame he doesn't mention any benefits of crypto and just picks a few garbage projects to piss on but I wouldn't expect any less from establishment finance.![]()
Insana: The pied pipers of cryptocurrency are leading investors to their doom
Cryptocurrency is wandering further into the realm of the absurd. Late entrants to the party will be holding the bag.www.cnbc.com
"Like any other bubble in financial, or speculative assets, be they tulips, pet rocks or cryptocurrencies, this is already inflicting pain on the investing public and the craze probably isn’t even over yet.
Dear reader, please come back to your senses. If you didn’t get in early, you’re getting in late. You’re the bag holder.
These pied pipers of play money are walking you to the water’s edge. They will stop before falling into the water.
You may not.
If you have profits, take them and go back home. If you have losses, cut them.
If you haven’t yet played, stay home, stay safe and be well."
Ron Insana is a CNBC contributor and a senior advisor at Schroders.
The winners in every zero sum gain opportunity must be offset by the losers.If you didn’t get in early, you’re getting in late. You’re the bag holder.
Pump and dump penny stocks exist, therefore the stock market is a scam. This guy admits he doesnt understand crypto, then goes on to give financial advice about it.![]()
Insana: The pied pipers of cryptocurrency are leading investors to their doom
Cryptocurrency is wandering further into the realm of the absurd. Late entrants to the party will be holding the bag.www.cnbc.com
"Like any other bubble in financial, or speculative assets, be they tulips, pet rocks or cryptocurrencies, this is already inflicting pain on the investing public and the craze probably isn’t even over yet.
Dear reader, please come back to your senses. If you didn’t get in early, you’re getting in late. You’re the bag holder.
These pied pipers of play money are walking you to the water’s edge. They will stop before falling into the water.
You may not.
If you have profits, take them and go back home. If you have losses, cut them.
If you haven’t yet played, stay home, stay safe and be well."
Ron Insana is a CNBC contributor and a senior advisor at Schroders.
It is absolutely not gold/digital gold or whatever they want to pretend it is. And watch out, the chart looks absolutely terrible at this point. Earlier on I said I would short it, but now I'm convinced it's just not worth it with all the religious people out there leveraging up and driving the price of everything nuts.Is there a Twitter figure for gold like musk is to Bitcoin if it is a gold analogue? The price fluctuation seems way too extreme and nonsensical to make the comparison.
If you've been riding this since 2012, i have to ask, what kind of money did you put into it back then? Hundreds? Thousands? Tens of thousands?I’ve been into Bitcoin/crypto for a long time (~2012). Every “crash” people come out of the woodwork and exclaim “Fools! You are now all bag holders in this Ponzi scheme!” And then of course Bitcoin does very well and reaches all time highs only for other people to come out of the woodwork and sneer “Silly antiquated investors, you don’t understand this new paradigm and are being left behind!”
It may be best to ignore both viewpoints, read about it a bit and either buy/don’t buy a small position based on nothing but your own conclusions.
Alternatively there’s no shame in just setting aside 25-30% of your $ into the SP500 and not paying any attention to any finance news, crypto, or any other investment. You’ll be fine.
Just mining back then, as at that time I didn’t have really any funds to speak of.If you've been riding this since 2012, i have to ask, what kind of money did you put into it back then? Hundreds? Thousands? Tens of thousands?
Alternatively there’s no shame in just setting aside 60-80% of your $ into the SP500 and not paying any attention to any finance news, crypto, or any other investment. You’ll be fine.
Adding Bitcoin to Your Investment Portfolio
According to Professor Aleh Tsyvinski, Bitcoin should be an imperative part of your portfolio, regardless of whether you are enthusiastic about the cryptocurrency or not.
For an optimal construction of one’s portfolio, the economist holds that Bitcoin should account for at least 6 percent of it. Those who are less enthusiastic about the world’s most popular cryptocurrency should hold 4 percent of it.
In any case, though, regardless of your position on the matter, Bitcoin should comprise a minimum of 1 percent of your portfolio just for diversification purposes
I was referring to putting 25-30% of your (pre-tax) income into the SP500 and not worrying about other investments.fixed it for you
True, for The Greater Sucker Theory to work for you there has to be a greater sucker out there willing to pay you more than what you paid.That’s what crypto bulls are counting on, that crypto will become part of every individual and institutional portfolio.
Agree that the nations with volatile currencies will adopt crypto. Or at least lots of their citizens and small businesses will. But an US or EU person or buyer is going to have to take the step of converting $ or Euros to crypto and back to $ or Euros. What is the compelling incentive to do so? Especially given the volatility. In simple words how will this save me or a corporation time or money? Still trying to figure this out.El Salvador looks to become the world’s first country to adopt bitcoin as legal tender
Things happen quickly. I spoke about game theory and how even the nations that hate bitcoin will have to accumulate because you wouldn’t want to the nation not to have crypto on your country’s balance sheet. El Salvador is the first but won’t be the last.
Agree that the nations with volatile currencies will adopt crypto. Or at least lots of their citizens and small businesses will. But an US or EU person or buyer is going to have to take the step of converting $ or Euros to crypto and back to $ or Euros. What is the compelling incentive to do so? Especially given the volatility. In simple words how will this save me or a corporation time or money? Still trying to figure this out.
It is admittedly one of the most direct ways to let Elon Musk's twitter account/uninhibited subconscious thoughts to control your finances. He drove the porno cum rocket (ticker CUMMIES...) up 400% in a matter of minutes because this is such a serious sector we all need to be invested in (as long as you do the research and are wise enough to understand that it is the future of finance of course).