Except the Eth gas prices. Sheesh.

SDR's will be the new world currency standard.

So much knowledge here in the TV.

100% yes.

However, I'm hesitant to purchase more at this price (currently $4,000+). Not due to any kind of technical analysis or anything, I'm just assuming that at some point there will be a dip. But then again I guess it's just as possible that I'll be kicking myself 3 months from now when eth is at $6K that I didn't buy more when it was "only" $4K.

Good analysis and probably more than just a little truth. The only place I disagree is that they probably will be able to do something about crypto through regulation.

I know what you mean. Been trying to buy a small position ($250 +/-) for a couple of days now. Gas fees quoted have been as high as $525. Today, still at $60 which is still too high. I'll just keep trying.

After trying to watch the Elon Clown on Saturday Night Live attempting to explain what a digital currency is, I think the smart money would short the intangible digital asset that is backed by nothing.

Really interesting theory--please post any links you can find discussing this theory.

Presumably you understand that that was a SNL comedy sketch, not an honest attempt at explaining crypto.

Not all crypto is created equal...but yea, Doge is a hustle. But that doesn't mean it won't moon once it gets listed on Coinbase in a few weeks.

I believe it will drop back to the $30-33K range before rallying forward again. I can certainly live with that given we initially bought less than $3K per Bitcoin. HODLING for sure....corrections are not ONLY in Cryptos......jumping on the Dogecoin now for some REAL gains.

I _wish_ I had jumped in bigger on my Doge holding. Coinbase is 6-8 weeks from listing it.
It will go up once it's on Coinbase. Like it or not, it has a large enough market cap right now to be a real player. It could easily see $1.50. If the devs built any kind of deflationary mechanisms into it, it could really appreciate well past that number. As it stands there's just so many circulating Doge (and more mining every day) that to hit a stupid number like $5 it'd have to supplant BTC and I don't see how that's possible.

That said, Musk did tweet he'd like to see the block size go up, the transaction time go down and the transaction fees go down a lot. This would make Doge a good bet for micro-transactions. Litecoin was built for this reason. Doge is a fork of litecoin, which was a fork of Lucky coin and ultimately a fork of BTC.

For these reasons, Doge will probably spike to $1 this year before a big pullback as people start selling at limits approaching $1.

The day / week is far from over, but based on the market movement over the last 12 hours, if you started a paid btc newsletter, I'd likely subscribe! Nice call!!

Did you grab some sub $0.30 doge??

"Black Wednesday" is the new "Black Thursday."

The cryptocurrency market is in the middle of a massive meltdown that could rival the pandemic-driven crash that took place on March 13, 2020. Plenty of the top altcoins have erased more than half of their value in less than 24 hours.

ADA and XRP have both plunged below the $1 level. Meanwhile, Dogecoin dipped to $0.21.

As a matter of fact, no....but did get at 0.37. The bounce in BC has begun from that level, but hold on because I believe soon we will see it down to close to $20K per BC because of Chinas influence on the price. They are trying HARD to replace the USD with their Crypto Yuan....very few bother to see the implication of their influence on world currencies and finances.....but once it recovers to maybe $45K I think you are going to get the "keep people out of the market" manipulation. When people tell me BC is not a "real" currency, I remind them that it takes a LOT of their fiat to buy ONE of my BC. I will be buying a lot more when it gets close to that $20K mark.....but from there it is going to be solid for a while.

STAY FAR AWAY FROM CRYPTO CURRENCY, its a big scam like a pyramid ready to fall.
Of course many people made money because they got out quickly. Talk about gambling with your money??

Anyone buy more crypto during the fire sale yesterday?? The sale is still going discounts are shrinking!!

Nice rebound!!

I wonder about all of the new crypto out there. Basically, anyone with enough computer skills can create their own currency and when a million people all over the world do this, I wonder if the whole thing vanishes. I do wish my friends who are into crypto the best of luck, but I will be watching from the sidelines.

Safemoon is the new hot crypto now getting all the hype but is a huge hassle to buy and a little sketchy. I know a lot of younger people who are buying it but seems super risky

Couple things:
1) After I made the post on here I logged into my gemini account and put in a limit buy order for doge @ $0.30 (even though i swore I'd never buy doge or any other crap coins). Dang if it didn't fill later that day! I'm not into trading crypto (strictly buy & hold) but I assume doge price will pump when coinbase adds it their exchange soon, so just gambling with that.

2) I hear what you're saying with regard to China, but it's my understanding that they hold a @#$%load of U.S. dollars. I get it that China's leaders are playing long game and surely want to be THE World Superpower, but I question whether their intentionally taking the dollar is actually in their best interest.

3) Is BTC a "currency" (it's initial use case) or has it transitioned to a "store of value"? Like gold, there's pretty much nothing you can buy with BTC w/out first transferring it to fiat.

4) What's your take on ETH?

1)--Great news, you got a steal. Yes, I think with Coinbase recognizes them, you will see at least $1-$1.25 pump before initial profit taking.

2) You are correct on the USD that China holds and how it could be counterproductive, but as fiat erodes (and we are seeing it do so quickly into early 2021 with inflation, supply chain shortages, etc), it is kinda with having made a bad loan position, you shift anything and anything you can (i.e, tax write off) to help offset that loss. I personally feel they are in that redistribution mode now, and cryptos are the easiest way to do it from behind the focus of stocks/USD related transactions that are daily scrutinized by those in charge of the Central Bank communities.

It is important to remember there is a HUGE community (folks our ages mostly) that are very much against/opposed to "crypto" that are sitting on HUGE nest eggs. Those assets will be passed on to our kids/grands. The vast majority of folks in our age group think "crypto is dangerous but the stock market is not" based on history of performance. Well folks, we have made more in crypto profits (or gains I should say, you never record a "profit" or "loss" until you sell, right?) In the 7 years that I have "dabbled" in crypto's we have profited more than our entire working life with a minimum of 6% and a maximum of 25% of our pre taxed income put into savings (some of it matching contribution from employer) during our collective 72 yr working life. The money I "play" with in crypto is to pass on to grands, our kiddos get the rest of the assets.

3) I believe (JMHO) that you are about to see employees get the option of being paid in cryptos or USD. I also believe that we are less than 3-5 yrs away from seeing people be able to "borrow against vs sell" their cryptos as need arises. In my opinion that classifies it as true "assets". This is the wave of the future, this is the equivalent to our children watching us get pensions vs them only getting 401K for retirement portion of our lives. Not unlike the early 90's and those of us that said "what the hell is internet and why would we ever need it?".....times evolve. You try and keep up, or you fall behind. (I realized that when I totally fought the internet thingee for years.....that was my Ahhh-Haaaa experience).

On the PM basis, there are two very different types. IF you own and HOLD precious metals, it is WAY different than if you own and hold stocks.....PHYSICAL is convertible, paper is paper.

4) ETH is SOLID. One of my major holdings, much cheaper on transaction (as is Litecoin) than BC.

I laugh when I think how many of us old farts that think "cryptos are dangerous" have no idea how what we leave behind to those we love will be converted to Block Chain Technology based currencies.

HAVE AN AWESOME FRIDAY!

Ethereum ETH is definitely a buy right now it just hit its ATH ( all time high) on the 12tb around 4400 now it’s around 26-2700 that’s a bargain. It’s the number 2 crypto and more widely used than bitcoin. Plus Ethereum 2.0 is coming soon and it will eliminate all the miners expecting to go way over 10k . Besides you can buy as little as you want if you want to dabble in crypto as a test. Your not going to lose sleep over a $100 if it drops a bit temporarily.
Crypto is way more exciting than stocks and the way of the future. Risky absolutely but stocks are also. One bad report from a biased technician and stocks tumble too.
And doge coin is fun too I originally got in at .007 and it went up to .75 now it’s down but I’m playing with the houses money and I still have 13000 coins left. If you buy a few hundred at .30-.40 right now and it doubles or triples and it probably will ring the register and get your cost back .
Have Fun

Could not agree more....kept me busy and actively engaged with the lockdown time especially! People just don't get there is a REASON the first question the IRS asks on your tax form is have you bought or sold cryptos in this tax year....THEY know it is the future.

I have to wonder how many people that claim cryptos are WAY to dangerous sit at a slot machine, a blackjack table, or play craps when given the chance.

Haha
True

Not to mention that when all the giant institutional firms are all waiting for approval on their own ETFs for crypto they will explode
Fidelity, JP Morgan , Morgan Stanley to name a few

Crypto currency is a joke and when China bans it, all of it will fail, as it should.

Wrong, the IRS is interested in crypto because they know people have made a lot of money on it and they desperately want to collect taxes on any and all profits.

Cryptos are not for everyone....however I believe there will be an announcement VERY soon at your local banks that Crypto currencies will be available at your local venue to ensure that those in the know will benefit from the transition. The commodities markets, the rate of inflation between now and 2022, the uncertainty of people returning to work (take away the fed $$$$ being handed out to now handing out $$$$ based on number of kiddos you have)....it is totally falling apart on them. The wheels are falling off the Central Bank Economy, and anyone that can not see that (lumber, oil, food, meats, gas) are sticking their heads in the sand.....this is the 70's repeating themselves, except Cryptos offer something we did not have. The Treasury Dept said they will have their "outline" for their digital currency in place by summer 2021. Ain't gonna happen in time to save the Central Banking System. If you refuse to believe the "supply chain" is broken, just try to buy a golf cart, furniture, gas, a new car, and you will quickly understand the above statement.

The entire world is soon gonna look like Cuba...you better have what you need, or you are not going to be able to secure it regardless of money you can throw at it. The last time you had trouble buying a new car was in the 70's and before that right after WWII. HISTORY REPEATS ITSELF

EXACTLY my point! People HAVE and will CONTINUE to make a lot of money off of them......Hello!!!!!!

I view BTC as an invention. Satoshi Nakamoto simply invented a new type of currency. It's value wasn't simply established out of thin air either. A lot of time and effort went into the original programing. Even now, a great deal of time, effort and expense to mine additional coins. Not too unlike the gold miner. Instead of a crushing mill to recover the gold, they're using servers and computing power.

The market/public will determine whether or not it's viable in the long run. It's appeal is that it can't be manipulated. By 2030 (I think) all the coins that are available will be in play. No more will ever be created. It's in its infancy and still highly volatile but there's little doubt it is shaping up as a store of value. Just ask the folks that bought in at the 10K range.

ETH looks like it might be a keeper as well. It's the fuel that runs smart contracts by way of blockchain technology. It's got some issues right now with speed and transaction costs. There are, however, other programs with their own cryptos that are working to fix the issues.

Have you seen the server farms in abandoned Olivine mines in Norway? Astounding. Shipping containers are placed in the mine and each container has 210 Antminer S9s. The chillers exchange heat with seawater and the energy is mostly hydro. BTC really does represent some work!

BINGO!!!! Here is your "fire sale"! Buy all you can afford. MSN

For those wanting to see the potential, here ya go.

Access Denied

(I have NO idea why it says Access Denied, I clicked on the link and it is attached.)

Andrei Jikh has a good take on it as well see the link below. When Fed coin comes into play, it's going to change a lot of things. Instead of it taking 3 days to ACH money, it may take 10 minutes, then ultimately it'll be instantaneous. Why pay Visa 2% for a transaction when you can do it with fedcoin for almost free? Visa will have to lower fees and up the service and benefits or will be out of business.


Our Government Is Creating A Cryptocurrency | What You MUST Know - YouTube

Scary if the govern will be charge of our money.

Which is why decentralized cryptos are the way to go...and Bitcoin will be in the 6 figures by 1 Jan 2022.

if there are any clubs please post them or contact me directly, I am interested in joining.

Thank you
Ed
ultimagtr@gmail.com

As expected, 2021 has been a wild ride in the world of crypto. A few months ago I was down nearly 50% from my cost basis, but I just checked my balances and I'm currently up over 50%.

For those of you who HODL, how are you doing year-to-date?

A few months ago I started hearing more and more about a coin called Solana, but since I didn't really understand the project and I had already invested all I was comfortable investing in crypto, I didn't buy any SOL. Short term at least it was a poor decision, when I first began looking into SOL over the summer it was selling for around $30, today it's at nearly $175/coin!

In other news I bought the Gemini dollar stable coin (GUSD) on the Gemini exchange and am earning 8% interest on my GUSD balance.

After studying, CARDANO is my next crypto of choice....study it and you will see why. It is the 3rd largest crypto currency behind Bitcoin and Ethereum.

I am HODL 0.5 BTC. Got in November 2018, so about 3 years now. I also hold about 180,000 NYC (New York Coin). It moves when BTC does, and in the same direction. 180,000 NYC cost me about 50 bucks a couple of years ago.

Year to date doing great even with today’s dip . Hodl and buy on the dips. I missed SOL and thought today would be a good time to get in but it only dipped for a little while and I missed it.

Yes Cardano/ ADA is going to go big
I got in at 1.25 and bought more at 2.50 waiting on the smart contracts to come and should go way higher. People are getting sick of high etho fees and Ada is the next big thing ( we hope) . All long term plays!!