[Malsua]

Originally Posted by rjn5656

Here is a link my son sent me to explain crypto:

DeFi for Investors: Finding the Next Crypto Unicorn

I am still confused (lol)

I read that article and while I have a pretty good grasp on all this stuff, I still had a few points I struggled with.

One of the first sentences is the one most people simply won't see coming. Defi will eat banks. I don't think it will happen to the big investment whales like Goldman, but I could see regional banks simply run out of customers.

Don't get me wrong here, there is a massive amount of inertia in the current banking system, so it's going to be a long time coming. That said, a 10 year old today will probably at some point in their life never have a need for a bank. Everything will be accessible on their phone or tablet, all secured on a block chain. It'll be fast, convenient, safe and won't require half a dozen bank employees to make it happen. His employer will pay him in Fedcoin, he'll buy dinner with his fed coin, he'll borrow money against a Defi liquidity pool and pay the pool back with the fed coin he earns from his employer. None of it will require a bank.

[Brad-tv]

It’s been a good week or three for all crypto

Bitcoin about to break 50k
Etherium 3300

And altcoins are flying

As tempting as it is to take profits I’m in it for the long haul

Diamond Hands!!

[Malsua]

Originally Posted by Brad-tv

It’s been a good week or three for all crypto

Bitcoin about to break 50k
Etherium 3300

And altcoins are flying

As tempting as it is to take profits I’m in it for the long haul

Diamond Hands!!

I think BTC will hit 100k by the end of the year, so I'm the same.

I have a half a dozen of $h1tcoins with small positions usually about $30-$50 and hopefully one will do something but if not, not a great loss.

I bought $100 of Million Token early on for $8 cashed out two of them when it was over $100 each and doubled my money. The other 10 can moon or bust and I'm still ahead.

I have the bulk of my holdings as far as dollar figures go in BTC. I have some ETH, but I end up spending Eth on DEFI transactions. I should buy some and put it in a cold wallet just to stop me from whittling it away.

I bought back into Cardano when it was tanking a few months back and now that is up 150%.

I'm also thinking that Tezos will move eventually when NFTs become more of a thing for common items. I have some there too.

I think the safest way to put money into Crypto is to dollar cost average 50/50 BTC/ETH and forget about it. Come back in a few years.

The rest of the meme/garbage and other alt coins are just gambles. Eventually something pays off and it has but other flat line too.

[Brad-tv]

I think bitcoin will hit a 100k plus this year or more also and if it doesn’t this year definitely next year probably a million in 5 years. There’s so many large institutional organizations waiting for ETF approvals. There’s billions of dollars on the sidelines right now waiting for regulation etc.When that goes through billions upon billions of dollars will pour into crypto. Ethereum will most likely quadruple soon. Even without ETF approval all the large brokerage houses have so much demand for it it’s inevitable.I have all the main top five tokens and ADA has been a big home run expected hit $10 . Right now it’s the number three coin. I also have about 25 other alt coins that have done very well up 50% or more. I’m only down on three of those. And don’t forget about Doge Coin I bought it under a penny and that’s the biggest gainer of all(thanks Elon)
It’s been a great year so far and I held strong during the major Dip in May down 50% and I did not panic sell and it’s all coming back strong.

I have a lot of friends who invested in crypto and bailed out because they just couldn’t deal with the major dips.It’s definitely not for everyone but I find it way more exciting than stocks.
I have about 30% of my portfolio just in crypto.

I think anyone new to crypto has to keep in mind you didn’t make or lose any money until you sell. I was way up in May watched it all disappear I patiently waiting for it to all come back and it’s just part of investing in crypto.

[Brad-tv]

https://twitter.com/charliebilello/s...776317955?s=21


It’s been a good year for crypto
Bitcoin broke 50k last night
No signs of slowing down anytime soon 🚀

[eingalls]

I am interested in joining.

Ed
ultimagtr@gmail.com

[TNLAKEPANDA]

I have money in a Crypto Fund but no actual currency. I let the experts manage that. Up 40% in just a month or so but it could also go down.

[DaddyD]

Originally Posted by TNLAKEPANDA

I have money in a Crypto Fund but no actual currency. I let the experts manage that. Up 40% in just a month or so but it could also go down.

Are you referring to one of the Grayscale Investment trusts available at Fidelity and (I think) Vanguard?

[Brad-tv]

Any bitcoin ballers out there
Almost hit 63k today and Ethereum hit 3900

Michael Saylor is looking like a pretty smart investor right now he owns 114,042 coins at a average price of 27,713 per coin worth over 6 billion
He started buying btc in aug 2020 because it’s better to own crypto on his company’s balance sheet than low yielding U.S. securities as most companies do.
And Elon Musk did the same earlier this year

[stan the man]

Will someone explain the blockchain? . Good start for first meeting

[Malsua]

Originally Posted by stan the man

Will someone explain the blockchain? . Good start for first meeting

The block chain is simply a public ledger.

Wallet1 sends coins or tokens to wallet2 and so-on. It uses encryption keys to prevent theft and the keys are so large, no amount of computing power will ever be able to crack it. Quantum computing may some day do it, but standard computing power as we know it right now can never crack the encryption.

They way the block chain is secure is that transactions, i.e. blocks, are validated by nodes. These are computing centers, typically with some pretty hefty computing power. There are different ways that nodes become "big" enough to be considered legitimate. Right now all the various block chains are moving from "proof of work", i.e. raw computing power to a "proof of stake" model, i.e. you hold a lot of coin. Proof of work uses A LOT of electricity and that's not very green. There is also "proof of history" which uses very accurate clocks. There are some other lesser ways that are also used.

As to how it works...

For example, I want to send you 1 Bitcoin. Your lucky day. I submit a transaction from my wallet to your wallet. This gets sent out to the block chain and once enough nodes confirm it, your wallet now shows 1 bitcoin and my wallet shows a sad frowny face and one fewer bitcoins.(who am I kidding, I don't own any whole bitcoins, just a pile of Satoshis)

If you download the entire ledger, and you can, you can see every wallet address and transaction for every bitcoin ever created, moved, or split, all the way back to the first one. There are a bunch of different blockchains, Bitcoin and Ethereum are just two of the biggest.

The public ledger is how cheating is stopped. If someone comes along and tries to re-write history and say "I have 100000 bitcoins", the nodes will examine the ledger, tell them that they are full of @#$% and cancel the transaction.

It really is that simple on a very high level. There's lots of encryption and number crunching that makes it all work, but it's all driven back to the same thing. Person A sends coins to person B...process it!

[Breitsd]

I am interested in supporting people on their journey. I've been an active investor in crypto for about five years now. Always interested in hearing the latest developments as well. There is a lot to learn.

[Koapaka]

cryptos are crazy wild, only a portion of your portfolio possession's IMHO.....have said that we have made more money on the very little position we took in the beginning on them.....now enjoying crazy, wild returns that even baffle me. However,works for us and we are THRILLED with rate of return. The other investments advantage that have served us and continue to in the futures are bitcoin, dogecoin and cardino. Follow you heart, and gut after analyzing....has paid for our home here several times over in the past few years. IF you are not interested in following indicators DAILY, I would hesitate to invest. Requires contestant monitoring to make the best of it.

[Brad-tv]

Originally Posted by Koapaka

cryptos are crazy wild, only a portion of your portfolio possession's IMHO.....have said that we have made more money on the very little position we took in the beginning on them.....now enjoying crazy, wild returns that even baffle me. However,works for us and we are THRILLED with rate of return. The other investments advantage that have served us and continue to in the futures are bitcoin, dogecoin and cardino. Follow you heart, and gut after analyzing....has paid for our home here several times over in the past few years. IF you are not interested in following indicators DAILY, I would hesitate to invest. Requires contestant monitoring to make the best of it.

Wow that’s awesome!! You must have bought crypto many years ago . I wish I started investing way back then or at least in March of 2020. I dipped my toe into crypto the end of last year and it’s been some of the best investments yet. I’m in for the long haul only down on a few right now. I agree watch them and don’t panic sell when they swing hard. Hindsight is always 20/20 just like stocks never know when the bottoms or the tops are here. I have significantly increased my portfolio to about 30% crypto and by far the largest gainers compared to stocks(except Tesla and a few other home runs) When this btc etf gets approved next week I think all crypto is going to the moon🚀

[Mrfriendly]

Originally Posted by DylanTodd

Hi Everyone,

I put in a request with the Villages recreation department to create a crypto currency club. It was in the paper this week and rec center says I will need a certain number of members to get official approve.

This club will be designed for people with all levels of experience, beginners, those active in the market and if we get lucky we might even get one or two experts.

Feel free to reach out to me at dtodd@earls.ca if you would be interested in joining the club or learning more.

Cheers,

Dylan

Dylan, I have learned quite a bit about cryptocurrency since joining the cryptocurrency club. Thanks to you for your organization and the experience members as us newbies can figure it out much better!